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DOCUSIGN, INC.（DOCU）与Realty Income（O）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是DOCUSIGN, INC.的1.8倍（$1.5B vs $818.4M），Realty Income净利率更高（19.9% vs 10.2%，领先9.7%），Realty Income同比增速更快（11.0% vs 8.4%），Realty Income自由现金流更多（$1.2B vs $262.9M）
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。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
DOCU vs O — 直观对比
营收规模更大
O
是对方的1.8倍
$818.4M
营收增速更快
O
高出2.6%
8.4%
净利率更高
O
高出9.7%
10.2%
自由现金流更多
O
多$891.1M
$262.9M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.5B |
| 净利润 | $83.7M | $296.1M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 21.7% |
| 净利率 | 10.2% | 19.9% |
| 营收同比 | 8.4% | 11.0% |
| 净利润同比 | 34.1% | 48.3% |
| 每股收益（稀释后） | $0.40 | $0.32 |
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DOCUO
| Q4 25 | $818.4M | $1.5B | ||
| Q3 25 | $800.6M | $1.5B | ||
| Q2 25 | $763.7M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
净利润DOCUO
| Q4 25 | $83.7M | $296.1M | ||
| Q3 25 | $63.0M | $315.8M | ||
| Q2 25 | $72.1M | $196.9M | ||
| Q1 25 | — | $249.8M | ||
| Q4 24 | — | $199.6M | ||
| Q3 24 | — | $269.5M | ||
| Q2 24 | — | $259.4M | ||
| Q1 24 | — | $132.3M |
毛利率DOCUO
| 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DOCUO
| Q4 25 | 10.4% | 21.7% | ||
| Q3 25 | 8.1% | 23.2% | ||
| Q2 25 | 7.9% | 15.8% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 11.9% |
净利率DOCUO
| Q4 25 | 10.2% | 19.9% | ||
| Q3 25 | 7.9% | 21.5% | ||
| Q2 25 | 9.4% | 14.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 10.5% |
每股收益（稀释后）DOCUO
| Q4 25 | $0.40 | $0.32 | ||
| Q3 25 | $0.30 | $0.35 | ||
| Q2 25 | $0.34 | $0.22 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $0.16 |
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 | $434.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $39.4B |
| 总资产 | $4.0B | $72.8B |
| 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DOCUO
| Q4 25 | $583.3M | $434.8M | ||
| Q3 25 | $600.0M | $417.2M | ||
| Q2 25 | $657.4M | $800.4M | ||
| Q1 25 | — | $319.0M | ||
| Q4 24 | — | $445.0M | ||
| Q3 24 | — | $397.0M | ||
| Q2 24 | — | $442.8M | ||
| Q1 24 | — | $680.2M |
股东权益DOCUO
| Q4 25 | $2.0B | $39.4B | ||
| Q3 25 | $2.0B | $39.1B | ||
| Q2 25 | $2.0B | $39.2B | ||
| Q1 25 | — | $39.0B | ||
| Q4 24 | — | $38.8B | ||
| Q3 24 | — | $38.5B | ||
| Q2 24 | — | $38.6B | ||
| Q1 24 | — | $39.0B |
总资产DOCUO
| Q4 25 | $4.0B | $72.8B | ||
| Q3 25 | $3.9B | $71.3B | ||
| Q2 25 | $3.9B | $71.4B | ||
| Q1 25 | — | $69.8B | ||
| Q4 24 | — | $68.8B | ||
| Q3 24 | — | $68.5B | ||
| Q2 24 | — | $68.1B | ||
| Q1 24 | — | $68.3B |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $1.2B |
| 自由现金流率自由现金流/营收 | 32.1% | 77.6% |
| 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× | 4.06× |
| 过去12个月自由现金流最近4个季度 | — | $3.9B |
8季度趋势，按日历期对齐
经营现金流DOCUO
| Q4 25 | $290.3M | $1.2B | ||
| Q3 25 | $246.1M | $943.1M | ||
| Q2 25 | $251.4M | $1.1B | ||
| Q1 25 | — | $787.5M | ||
| Q4 24 | — | $972.0M | ||
| Q3 24 | — | $841.5M | ||
| Q2 24 | — | $981.2M | ||
| Q1 24 | — | $778.7M |
自由现金流DOCUO
| Q4 25 | $262.9M | $1.2B | ||
| Q3 25 | $217.6M | $909.9M | ||
| Q2 25 | $227.8M | $1.0B | ||
| Q1 25 | — | $764.6M | ||
| Q4 24 | — | $935.8M | ||
| Q3 24 | — | $807.9M | ||
| Q2 24 | — | $939.2M | ||
| Q1 24 | — | $769.0M |
自由现金流率DOCUO
| Q4 25 | 32.1% | 77.6% | ||
| Q3 25 | 27.2% | 61.9% | ||
| Q2 25 | 29.8% | 73.3% | ||
| Q1 25 | — | 55.4% | ||
| Q4 24 | — | 69.8% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 61.0% |
资本支出强度DOCUO
| Q4 25 | 3.3% | 3.3% | ||
| Q3 25 | 3.6% | 2.3% | ||
| Q2 25 | 3.1% | 1.9% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 0.8% |
现金转化率DOCUO
| Q4 25 | 3.47× | 4.06× | ||
| Q3 25 | 3.91× | 2.99× | ||
| Q2 25 | 3.49× | 5.39× | ||
| Q1 25 | — | 3.15× | ||
| Q4 24 | — | 4.87× | ||
| Q3 24 | — | 3.12× | ||
| Q2 24 | — | 3.78× | ||
| Q1 24 | — | 5.89× |
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% |
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
