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DOCUSIGN, INC.（DOCU）与Nutanix, Inc.（NTNX）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Nutanix, Inc.的1.2倍（$818.4M vs $670.6M），DOCUSIGN, INC.净利率更高（10.2% vs 9.3%，领先1.0%），Nutanix, Inc.同比增速更快（13.5% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $174.5M）
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。
Nutanix是美国云计算企业，专注于提供数据中心、混合多云部署相关的软件产品，覆盖虚拟化、Kubernetes容器、数据库即服务、软件定义网络、安全以及文件、对象、块级软件定义存储等领域，助力企业高效搭建与运维云基础设施。
DOCU vs NTNX — 直观对比
营收规模更大
DOCU
是对方的1.2倍
$670.6M
营收增速更快
NTNX
高出5.1%
8.4%
净利率更高
DOCU
高出1.0%
9.3%
自由现金流更多
DOCU
多$88.4M
$174.5M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $670.6M |
| 净利润 | $83.7M | $62.1M |
| 毛利率 | 79.2% | 87.0% |
| 营业利润率 | 10.4% | 7.4% |
| 净利率 | 10.2% | 9.3% |
| 营收同比 | 8.4% | 13.5% |
| 净利润同比 | 34.1% | 107.5% |
| 每股收益（稀释后） | $0.40 | $0.21 |
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DOCUNTNX
| Q4 25 | $818.4M | $670.6M | ||
| Q3 25 | $800.6M | $653.3M | ||
| Q2 25 | $763.7M | $639.0M | ||
| Q1 25 | — | $654.7M | ||
| Q4 24 | — | $591.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $524.6M | ||
| Q1 24 | — | $565.2M |
净利润DOCUNTNX
| Q4 25 | $83.7M | $62.1M | ||
| Q3 25 | $63.0M | $38.6M | ||
| Q2 25 | $72.1M | $63.4M | ||
| Q1 25 | — | $56.4M | ||
| Q4 24 | — | $29.9M | ||
| Q3 24 | — | $-126.1M | ||
| Q2 24 | — | $-15.6M | ||
| Q1 24 | — | $32.8M |
毛利率DOCUNTNX
| Q4 25 | 79.2% | 87.0% | ||
| Q3 25 | 79.3% | 87.2% | ||
| Q2 25 | 79.4% | 87.0% | ||
| Q1 25 | — | 87.0% | ||
| Q4 24 | — | 86.0% | ||
| Q3 24 | — | 85.2% | ||
| Q2 24 | — | 84.8% | ||
| Q1 24 | — | 85.6% |
营业利润率DOCUNTNX
| Q4 25 | 10.4% | 7.4% | ||
| Q3 25 | 8.1% | 4.8% | ||
| Q2 25 | 7.9% | 7.6% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | — | -2.2% | ||
| Q1 24 | — | 6.6% |
净利率DOCUNTNX
| Q4 25 | 10.2% | 9.3% | ||
| Q3 25 | 7.9% | 5.9% | ||
| Q2 25 | 9.4% | 9.9% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | -23.0% | ||
| Q2 24 | — | -3.0% | ||
| Q1 24 | — | 5.8% |
每股收益（稀释后）DOCUNTNX
| Q4 25 | $0.40 | $0.21 | ||
| Q3 25 | $0.30 | $0.14 | ||
| Q2 25 | $0.34 | $0.22 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $0.12 |
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 | $780.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $-668.6M |
| 总资产 | $4.0B | $3.3B |
| 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DOCUNTNX
| Q4 25 | $583.3M | $780.4M | ||
| Q3 25 | $600.0M | $769.5M | ||
| Q2 25 | $657.4M | $872.6M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $716.6M | ||
| Q3 24 | — | $655.3M | ||
| Q2 24 | — | $598.0M | ||
| Q1 24 | — | $679.2M |
股东权益DOCUNTNX
| Q4 25 | $2.0B | $-668.6M | ||
| Q3 25 | $2.0B | $-694.5M | ||
| Q2 25 | $2.0B | $-711.4M | ||
| Q1 25 | — | $-807.7M | ||
| Q4 24 | — | $-685.3M | ||
| Q3 24 | — | $-728.1M | ||
| Q2 24 | — | $-619.5M | ||
| Q1 24 | — | $-611.7M |
总资产DOCUNTNX
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.7B |
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 | $196.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $174.5M |
| 自由现金流率自由现金流/营收 | 32.1% | 26.0% |
| 资本支出强度资本支出/营收 | 3.3% | 3.3% |
| 现金转化率经营现金流/净利润 | 3.47× | 3.17× |
| 过去12个月自由现金流最近4个季度 | — | $772.8M |
8季度趋势，按日历期对齐
经营现金流DOCUNTNX
| Q4 25 | $290.3M | $196.8M | ||
| Q3 25 | $246.1M | $219.5M | ||
| Q2 25 | $251.4M | $218.5M | ||
| Q1 25 | — | $221.7M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $244.7M | ||
| Q2 24 | — | $96.4M | ||
| Q1 24 | — | $186.4M |
自由现金流DOCUNTNX
| Q4 25 | $262.9M | $174.5M | ||
| Q3 25 | $217.6M | $207.8M | ||
| Q2 25 | $227.8M | $203.4M | ||
| Q1 25 | — | $187.1M | ||
| Q4 24 | — | $151.9M | ||
| Q3 24 | — | $224.3M | ||
| Q2 24 | — | $78.3M | ||
| Q1 24 | — | $162.6M |
自由现金流率DOCUNTNX
| Q4 25 | 32.1% | 26.0% | ||
| Q3 25 | 27.2% | 31.8% | ||
| Q2 25 | 29.8% | 31.8% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | — | 40.9% | ||
| Q2 24 | — | 14.9% | ||
| Q1 24 | — | 28.8% |
资本支出强度DOCUNTNX
| Q4 25 | 3.3% | 3.3% | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | 3.1% | 2.4% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 4.2% |
现金转化率DOCUNTNX
| Q4 25 | 3.47× | 3.17× | ||
| Q3 25 | 3.91× | 5.68× | ||
| Q2 25 | 3.49× | 3.45× | ||
| Q1 25 | — | 3.93× | ||
| Q4 24 | — | 5.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.68× |
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% |
NTNX
| Services | $335.5M | 50% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $320.8M | 48% |
| Other | $14.3M | 2% |
