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DOCUSIGN, INC.（DOCU）与NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.9倍（$818.4M vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 10.2%，领先25.5%），DOCUSIGN, INC.同比增速更快（8.4% vs 1.7%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
DOCU vs NFG — 直观对比
营收规模更大
DOCU
是对方的1.9倍
$425.9M
营收增速更快
DOCU
高出6.7%
1.7%
净利率更高
NFG
高出25.5%
10.2%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $425.9M |
| 净利润 | $83.7M | $152.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 81.5% |
| 净利率 | 10.2% | 35.7% |
| 营收同比 | 8.4% | 1.7% |
| 净利润同比 | 34.1% | — |
| 每股收益（稀释后） | $0.40 | $1.59 |
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DOCUNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $818.4M | $637.9M | ||
| Q3 25 | $800.6M | $443.1M | ||
| Q2 25 | $763.7M | $527.4M | ||
| Q1 25 | — | $734.8M | ||
| Q4 24 | — | $513.8M | ||
| Q3 24 | — | $310.0M | ||
| Q2 24 | — | $338.6M |
净利润DOCUNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $83.7M | $181.6M | ||
| Q3 25 | $63.0M | $107.3M | ||
| Q2 25 | $72.1M | $149.8M | ||
| Q1 25 | — | $216.4M | ||
| Q4 24 | — | $45.0M | ||
| Q3 24 | — | $-167.6M | ||
| Q2 24 | — | $-54.2M |
毛利率DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | 86.6% | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
营业利润率DOCUNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 10.4% | 43.3% | ||
| Q3 25 | 8.1% | 40.6% | ||
| Q2 25 | 7.9% | 43.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | -63.4% | ||
| Q2 24 | — | -15.2% |
净利率DOCUNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 10.2% | 28.5% | ||
| Q3 25 | 7.9% | 24.2% | ||
| Q2 25 | 9.4% | 28.4% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | -54.1% | ||
| Q2 24 | — | -16.0% |
每股收益（稀释后）DOCUNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.40 | $1.98 | ||
| Q3 25 | $0.30 | $1.18 | ||
| Q2 25 | $0.34 | $1.64 | ||
| Q1 25 | — | $2.37 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.59 |
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 | — |
| 总债务越低越好 | — | $300.0M |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $4.0B | $9.1B |
| 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DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | $583.3M | $271.4M | ||
| Q3 25 | $600.0M | $43.2M | ||
| Q2 25 | $657.4M | $39.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | — | $48.7M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $81.4M |
总债务DOCUNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
股东权益DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $3.6B | ||
| Q3 25 | $2.0B | $3.1B | ||
| Q2 25 | $2.0B | $3.0B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $-76.2M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | — | $5.0M |
总资产DOCUNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $4.0B | $9.2B | ||
| Q3 25 | $3.9B | $8.7B | ||
| Q2 25 | $3.9B | $8.4B | ||
| Q1 25 | — | $8.5B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $8.5B |
负债/权益比DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | — |
| 自由现金流率自由现金流/营收 | 32.1% | — |
| 资本支出强度资本支出/营收 | 3.3% | 117.0% |
| 现金转化率经营现金流/净利润 | 3.47× | 4.32× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCUNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $290.3M | $274.9M | ||
| Q3 25 | $246.1M | $237.8M | ||
| Q2 25 | $251.4M | $388.4M | ||
| Q1 25 | — | $253.8M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $281.8M |
自由现金流DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | $262.9M | $-2.7M | ||
| Q3 25 | $217.6M | $-47.8M | ||
| Q2 25 | $227.8M | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
自由现金流率DOCUNFG
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | -0.4% | ||
| Q3 25 | 27.2% | -10.8% | ||
| Q2 25 | 29.8% | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
资本支出强度DOCUNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 3.3% | 43.5% | ||
| Q3 25 | 3.6% | 64.4% | ||
| Q2 25 | 3.1% | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
现金转化率DOCUNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | 3.47× | 1.51× | ||
| Q3 25 | 3.91× | 2.21× | ||
| Q2 25 | 3.49× | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
