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DOCUSIGN, INC.（DOCU）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是巴诺书店的1.1倍（$818.4M vs $764.4M），巴诺书店净利率更高（11.3% vs 10.2%，领先1.1%），DOCUSIGN, INC.同比增速更快（8.4% vs -17.6%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $35.4M）
DocuSign是总部位于美国加利福尼亚州旧金山的软件企业，为各类机构提供多设备支持的电子协议管理及电子签名相关产品。截至2025年，公司在180个国家拥有约170万客户，其处理的签名符合美国ESIGN法案、欧盟eIDAS法规要求，满足欧盟高级及合格签名标准。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
DOCU vs NE — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$764.4M
营收增速更快
DOCU
高出26.0%
-17.6%
净利率更高
NE
高出1.1%
10.2%
自由现金流更多
DOCU
多$227.5M
$35.4M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $764.4M |
| 净利润 | $83.7M | $86.6M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 5.6% |
| 净利率 | 10.2% | 11.3% |
| 营收同比 | 8.4% | -17.6% |
| 净利润同比 | 34.1% | -10.4% |
| 每股收益（稀释后） | $0.40 | $0.54 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOCUNE
| Q4 25 | $818.4M | $764.4M | ||
| Q3 25 | $800.6M | $798.0M | ||
| Q2 25 | $763.7M | $848.7M | ||
| Q1 25 | — | $874.5M | ||
| Q4 24 | — | $927.3M | ||
| Q3 24 | — | $800.5M | ||
| Q2 24 | — | $692.8M | ||
| Q1 24 | — | $637.1M |
净利润DOCUNE
| Q4 25 | $83.7M | $86.6M | ||
| Q3 25 | $63.0M | $-21.1M | ||
| Q2 25 | $72.1M | $42.9M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $195.0M | ||
| Q1 24 | — | $95.5M |
毛利率DOCUNE
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DOCUNE
| Q4 25 | 10.4% | 5.6% | ||
| Q3 25 | 8.1% | 6.3% | ||
| Q2 25 | 7.9% | 15.9% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 16.9% |
净利率DOCUNE
| Q4 25 | 10.2% | 11.3% | ||
| Q3 25 | 7.9% | -2.6% | ||
| Q2 25 | 9.4% | 5.1% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | 15.0% |
每股收益（稀释后）DOCUNE
| Q4 25 | $0.40 | $0.54 | ||
| Q3 25 | $0.30 | $-0.13 | ||
| Q2 25 | $0.34 | $0.27 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | — | $0.66 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $583.3M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $4.5B |
| 总资产 | $4.0B | $7.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCUNE
| Q4 25 | $583.3M | $471.4M | ||
| Q3 25 | $600.0M | $477.9M | ||
| Q2 25 | $657.4M | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $391.9M | ||
| Q2 24 | — | $162.9M | ||
| Q1 24 | — | $212.5M |
股东权益DOCUNE
| Q4 25 | $2.0B | $4.5B | ||
| Q3 25 | $2.0B | $4.5B | ||
| Q2 25 | $2.0B | $4.6B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.9B |
总资产DOCUNE
| Q4 25 | $4.0B | $7.5B | ||
| Q3 25 | $3.9B | $7.6B | ||
| Q2 25 | $3.9B | $7.7B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | — | $5.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $290.3M | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $35.4M |
| 自由现金流率自由现金流/营收 | 32.1% | 4.6% |
| 资本支出强度资本支出/营收 | 3.3% | 19.9% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $432.2M |
8季度趋势，按日历期对齐
经营现金流DOCUNE
| Q4 25 | $290.3M | $187.1M | ||
| Q3 25 | $246.1M | $277.1M | ||
| Q2 25 | $251.4M | $216.4M | ||
| Q1 25 | — | $271.1M | ||
| Q4 24 | — | $136.2M | ||
| Q3 24 | — | $283.8M | ||
| Q2 24 | — | $106.8M | ||
| Q1 24 | — | $128.7M |
自由现金流DOCUNE
| Q4 25 | $262.9M | $35.4M | ||
| Q3 25 | $217.6M | $139.5M | ||
| Q2 25 | $227.8M | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | — | $-37.9M |
自由现金流率DOCUNE
| Q4 25 | 32.1% | 4.6% | ||
| Q3 25 | 27.2% | 17.5% | ||
| Q2 25 | 29.8% | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | -6.0% |
资本支出强度DOCUNE
| Q4 25 | 3.3% | 19.9% | ||
| Q3 25 | 3.6% | 17.3% | ||
| Q2 25 | 3.1% | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 26.2% |
现金转化率DOCUNE
| Q4 25 | 3.47× | 2.16× | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 1.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
