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DOCUSIGN, INC.（DOCU）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 4.4%，领先5.8%），PACS Group, Inc.同比增速更快（18.4% vs 8.4%）
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。
DOCU vs PACS — 直观对比
营收规模更大
PACS
是对方的1.7倍
$818.4M
营收增速更快
PACS
高出10.0%
8.4%
净利率更高
DOCU
高出5.8%
4.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.4B |
| 净利润 | $83.7M | $59.7M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 7.0% |
| 净利率 | 10.2% | 4.4% |
| 营收同比 | 8.4% | 18.4% |
| 净利润同比 | 34.1% | 3022.5% |
| 每股收益（稀释后） | $0.40 | $0.42 |
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DOCUPACS
| Q4 25 | $818.4M | $1.4B | ||
| Q3 25 | $800.6M | $1.3B | ||
| Q2 25 | $763.7M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $981.4M | ||
| Q1 24 | — | $934.3M |
净利润DOCUPACS
| Q4 25 | $83.7M | $59.7M | ||
| Q3 25 | $63.0M | $52.4M | ||
| Q2 25 | $72.1M | $51.0M | ||
| Q1 25 | — | $28.5M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $-10.9M | ||
| Q1 24 | — | $49.1M |
毛利率DOCUPACS
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
营业利润率DOCUPACS
| Q4 25 | 10.4% | 7.0% | ||
| Q3 25 | 8.1% | 6.4% | ||
| Q2 25 | 7.9% | 6.2% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 8.6% |
净利率DOCUPACS
| Q4 25 | 10.2% | 4.4% | ||
| Q3 25 | 7.9% | 3.9% | ||
| Q2 25 | 9.4% | 3.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | 5.3% |
每股收益（稀释后）DOCUPACS
| Q4 25 | $0.40 | $0.42 | ||
| Q3 25 | $0.30 | $0.32 | ||
| Q2 25 | $0.34 | $0.31 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | $0.38 |
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 | $197.0M |
| 总债务越低越好 | — | $353.2M |
| 股东权益账面价值 | $2.0B | $946.8M |
| 总资产 | $4.0B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资DOCUPACS
| Q4 25 | $583.3M | $197.0M | ||
| Q3 25 | $600.0M | $355.7M | ||
| Q2 25 | $657.4M | $294.2M | ||
| Q1 25 | — | $287.5M | ||
| Q4 24 | — | $157.7M | ||
| Q3 24 | — | $49.5M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $81.2M |
总债务DOCUPACS
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUPACS
| Q4 25 | $2.0B | $946.8M | ||
| Q3 25 | $2.0B | $871.3M | ||
| Q2 25 | $2.0B | $806.8M | ||
| Q1 25 | — | $750.2M | ||
| Q4 24 | — | $709.6M | ||
| Q3 24 | — | $660.0M | ||
| Q2 24 | — | $572.1M | ||
| Q1 24 | — | $128.0M |
总资产DOCUPACS
| Q4 25 | $4.0B | $5.6B | ||
| Q3 25 | $3.9B | $5.6B | ||
| Q2 25 | $3.9B | $5.5B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
负债/权益比DOCUPACS
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.4M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 3.47× | -0.06× |
| 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DOCUPACS
| Q4 25 | $290.3M | $-3.4M | ||
| Q3 25 | $246.1M | $204.8M | ||
| Q2 25 | $251.4M | $52.6M | ||
| Q1 25 | — | $150.2M | ||
| Q4 24 | — | $64.6M | ||
| Q3 24 | — | $209.2M | ||
| Q2 24 | — | $34.8M | ||
| Q1 24 | — | $58.8M |
自由现金流DOCUPACS
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $227.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCUPACS
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCUPACS
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCUPACS
| Q4 25 | 3.47× | -0.06× | ||
| Q3 25 | 3.91× | 3.91× | ||
| Q2 25 | 3.49× | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | — | 33.78× | ||
| Q3 24 | — | 13.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.20× |
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% |
PACS
暂无分部数据
