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DOCUSIGN, INC.（DOCU）与PennyMac Financial Services, Inc.（PFSI）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PennyMac Financial Services, Inc.的1.5倍（$818.4M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 10.2%，领先1742.2%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-1.7B）
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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
DOCU vs PFSI — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $538.0M |
| 净利润 | $83.7M | $106.8M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 25.0% |
| 净利率 | 10.2% | 1752.5% |
| 营收同比 | 8.4% | 14.4% |
| 净利润同比 | 34.1% | 2.2% |
| 每股收益（稀释后） | $0.40 | $1.97 |
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
| Q4 25 | $818.4M | $538.0M | ||
| Q3 25 | $800.6M | $632.9M | ||
| Q2 25 | $763.7M | $444.7M | ||
| Q1 25 | — | $430.9M | ||
| Q4 24 | — | $470.1M | ||
| Q3 24 | — | $411.8M | ||
| Q2 24 | — | $406.1M | ||
| Q1 24 | — | $305.7M |
| Q4 25 | $83.7M | $106.8M | ||
| Q3 25 | $63.0M | $181.5M | ||
| Q2 25 | $72.1M | $136.5M | ||
| Q1 25 | — | $76.3M | ||
| Q4 24 | — | $104.5M | ||
| Q3 24 | — | $69.4M | ||
| Q2 24 | — | $98.3M | ||
| Q1 24 | — | $39.3M |
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 10.4% | 25.0% | ||
| Q3 25 | 8.1% | 37.3% | ||
| Q2 25 | 7.9% | 17.2% | ||
| Q1 25 | — | 24.2% | ||
| Q4 24 | — | 27.5% | ||
| Q3 24 | — | 22.8% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 14.4% |
| Q4 25 | 10.2% | 1752.5% | ||
| Q3 25 | 7.9% | 28.7% | ||
| Q2 25 | 9.4% | 30.7% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | 2559.8% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 12.9% |
| Q4 25 | $0.40 | $1.97 | ||
| Q3 25 | $0.30 | $3.37 | ||
| Q2 25 | $0.34 | $2.54 | ||
| Q1 25 | — | $1.42 | ||
| Q4 24 | — | $1.95 | ||
| Q3 24 | — | $1.30 | ||
| Q2 24 | — | $1.85 | ||
| Q1 24 | — | $0.74 |
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 | $410.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $2.0B | $4.3B |
| 总资产 | $4.0B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $583.3M | $410.0M | ||
| Q3 25 | $600.0M | $62.2M | ||
| Q2 25 | $657.4M | $462.3M | ||
| Q1 25 | — | $443.4M | ||
| Q4 24 | — | $420.6M | ||
| Q3 24 | — | $667.9M | ||
| Q2 24 | — | $188.8M | ||
| Q1 24 | — | $69.0K |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $2.0B | $4.3B | ||
| Q3 25 | $2.0B | $4.2B | ||
| Q2 25 | $2.0B | $4.0B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.6B |
| Q4 25 | $4.0B | $29.4B | ||
| Q3 25 | $3.9B | $25.4B | ||
| Q2 25 | $3.9B | $24.2B | ||
| Q1 25 | — | $23.9B | ||
| Q4 24 | — | $26.1B | ||
| Q3 24 | — | $22.9B | ||
| Q2 24 | — | $21.6B | ||
| Q1 24 | — | $19.8B |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-1.7B |
| 自由现金流率自由现金流/营收 | 32.1% | -309.3% |
| 资本支出强度资本支出/营收 | 3.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.47× | -15.46× |
| 过去12个月自由现金流最近4个季度 | — | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $290.3M | $-1.7B | ||
| Q3 25 | $246.1M | $-697.4M | ||
| Q2 25 | $251.4M | $-131.3M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $-4.5B | ||
| Q3 24 | — | $-393.7M | ||
| Q2 24 | — | $-1.1B | ||
| Q1 24 | — | $-897.9M |
| Q4 25 | $262.9M | $-1.7B | ||
| Q3 25 | $217.6M | $-699.4M | ||
| Q2 25 | $227.8M | $-132.6M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $-4.5B | ||
| Q3 24 | — | $-393.9M | ||
| Q2 24 | — | $-1.1B | ||
| Q1 24 | — | $-898.9M |
| Q4 25 | 32.1% | -309.3% | ||
| Q3 25 | 27.2% | -110.5% | ||
| Q2 25 | 29.8% | -29.8% | ||
| Q1 25 | — | 247.3% | ||
| Q4 24 | — | -964.7% | ||
| Q3 24 | — | -95.6% | ||
| Q2 24 | — | -269.2% | ||
| Q1 24 | — | -294.1% |
| Q4 25 | 3.3% | 2.2% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 3.47× | -15.46× | ||
| Q3 25 | 3.91× | -3.84× | ||
| Q2 25 | 3.49× | -0.96× | ||
| Q1 25 | — | 13.97× | ||
| Q4 24 | — | -43.39× | ||
| Q3 24 | — | -5.68× | ||
| Q2 24 | — | -11.12× | ||
| Q1 24 | — | -22.84× |
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% |
PFSI
暂无分部数据
