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DOCUSIGN, INC.（DOCU）与Opendoor Technologies Inc.（OPEN）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Opendoor Technologies Inc.的1.1倍（$818.4M vs $736.0M），DOCUSIGN, INC.净利率更高（10.2% vs -148.9%，领先159.1%），DOCUSIGN, INC.同比增速更快（8.4% vs -32.1%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $67.0M）
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。
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
DOCU vs OPEN — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$736.0M
营收增速更快
DOCU
高出40.5%
-32.1%
净利率更高
DOCU
高出159.1%
-148.9%
自由现金流更多
DOCU
多$195.9M
$67.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $736.0M |
| 净利润 | $83.7M | $-1.1B |
| 毛利率 | 79.2% | 7.7% |
| 营业利润率 | 10.4% | -20.4% |
| 净利率 | 10.2% | -148.9% |
| 营收同比 | 8.4% | -32.1% |
| 净利润同比 | 34.1% | -869.9% |
| 每股收益（稀释后） | $0.40 | $-1.42 |
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DOCUOPEN
| Q4 25 | $818.4M | $736.0M | ||
| Q3 25 | $800.6M | $915.0M | ||
| Q2 25 | $763.7M | $1.6B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.2B |
净利润DOCUOPEN
| Q4 25 | $83.7M | $-1.1B | ||
| Q3 25 | $63.0M | $-90.0M | ||
| Q2 25 | $72.1M | $-29.0M | ||
| Q1 25 | — | $-85.0M | ||
| Q4 24 | — | $-113.0M | ||
| Q3 24 | — | $-78.0M | ||
| Q2 24 | — | $-92.0M | ||
| Q1 24 | — | $-109.0M |
毛利率DOCUOPEN
| Q4 25 | 79.2% | 7.7% | ||
| Q3 25 | 79.3% | 7.2% | ||
| Q2 25 | 79.4% | 8.2% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 9.7% |
营业利润率DOCUOPEN
| Q4 25 | 10.4% | -20.4% | ||
| Q3 25 | 8.1% | -7.4% | ||
| Q2 25 | 7.9% | -0.8% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | — | -4.9% | ||
| Q2 24 | — | -4.8% | ||
| Q1 24 | — | -7.4% |
净利率DOCUOPEN
| Q4 25 | 10.2% | -148.9% | ||
| Q3 25 | 7.9% | -9.8% | ||
| Q2 25 | 9.4% | -1.9% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | — | -10.4% | ||
| Q3 24 | — | -5.7% | ||
| Q2 24 | — | -6.1% | ||
| Q1 24 | — | -9.2% |
每股收益（稀释后）DOCUOPEN
| Q4 25 | $0.40 | $-1.42 | ||
| Q3 25 | $0.30 | $-0.12 | ||
| Q2 25 | $0.34 | $-0.04 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.16 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.13 | ||
| 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 | $962.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.0B |
| 总资产 | $4.0B | $2.4B |
| 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DOCUOPEN
| Q4 25 | $583.3M | $962.0M | ||
| Q3 25 | $600.0M | $962.0M | ||
| Q2 25 | $657.4M | $789.0M | ||
| Q1 25 | — | $559.0M | ||
| Q4 24 | — | $679.0M | ||
| Q3 24 | — | $837.0M | ||
| Q2 24 | — | $809.0M | ||
| Q1 24 | — | $990.0M |
股东权益DOCUOPEN
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $2.0B | $811.0M | ||
| Q2 25 | $2.0B | $631.0M | ||
| Q1 25 | — | $645.0M | ||
| Q4 24 | — | $713.0M | ||
| Q3 24 | — | $801.0M | ||
| Q2 24 | — | $845.0M | ||
| Q1 24 | — | $899.0M |
总资产DOCUOPEN
| Q4 25 | $4.0B | $2.4B | ||
| Q3 25 | $3.9B | $2.7B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.4B |
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 | $70.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $67.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 9.1% |
| 资本支出强度资本支出/营收 | 3.3% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流DOCUOPEN
| Q4 25 | $290.3M | $70.0M | ||
| Q3 25 | $246.1M | $435.0M | ||
| Q2 25 | $251.4M | $823.0M | ||
| Q1 25 | — | $-279.0M | ||
| Q4 24 | — | $-80.0M | ||
| Q3 24 | — | $62.0M | ||
| Q2 24 | — | $-399.0M | ||
| Q1 24 | — | $-178.0M |
自由现金流DOCUOPEN
| Q4 25 | $262.9M | $67.0M | ||
| Q3 25 | $217.6M | $432.0M | ||
| Q2 25 | $227.8M | $821.0M | ||
| Q1 25 | — | $-283.0M | ||
| Q4 24 | — | $-83.0M | ||
| Q3 24 | — | $56.0M | ||
| Q2 24 | — | $-407.0M | ||
| Q1 24 | — | $-186.0M |
自由现金流率DOCUOPEN
| Q4 25 | 32.1% | 9.1% | ||
| Q3 25 | 27.2% | 47.2% | ||
| Q2 25 | 29.8% | 52.4% | ||
| Q1 25 | — | -24.5% | ||
| Q4 24 | — | -7.7% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | -26.9% | ||
| Q1 24 | — | -15.7% |
资本支出强度DOCUOPEN
| Q4 25 | 3.3% | 0.4% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.7% |
现金转化率DOCUOPEN
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
OPEN
暂无分部数据
