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DOCUSIGN, INC.（DOCU）与RBC Bearings INC（RBC）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RBC Bearings INC的1.8倍（$818.4M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 10.2%，领先4.4%），RBC Bearings INC同比增速更快（17.0% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $99.1M）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
DOCU vs RBC — 直观对比
营收规模更大
DOCU
是对方的1.8倍
$461.6M
营收增速更快
RBC
高出8.6%
8.4%
净利率更高
RBC
高出4.4%
10.2%
自由现金流更多
DOCU
多$163.8M
$99.1M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $461.6M |
| 净利润 | $83.7M | $67.4M |
| 毛利率 | 79.2% | 44.3% |
| 营业利润率 | 10.4% | 22.3% |
| 净利率 | 10.2% | 14.6% |
| 营收同比 | 8.4% | 17.0% |
| 净利润同比 | 34.1% | 16.4% |
| 每股收益（稀释后） | $0.40 | $2.13 |
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DOCURBC
| Q4 25 | $818.4M | $461.6M | ||
| Q3 25 | $800.6M | $455.3M | ||
| Q2 25 | $763.7M | $436.0M | ||
| Q1 25 | — | $437.7M | ||
| Q4 24 | — | $394.4M | ||
| Q3 24 | — | $397.9M | ||
| Q2 24 | — | $406.3M | ||
| Q1 24 | — | $413.7M |
净利润DOCURBC
| Q4 25 | $83.7M | $67.4M | ||
| Q3 25 | $63.0M | $60.0M | ||
| Q2 25 | $72.1M | $68.5M | ||
| Q1 25 | — | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | — | $54.2M | ||
| Q2 24 | — | $61.4M | ||
| Q1 24 | — | — |
毛利率DOCURBC
| Q4 25 | 79.2% | 44.3% | ||
| Q3 25 | 79.3% | 44.1% | ||
| Q2 25 | 79.4% | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率DOCURBC
| Q4 25 | 10.4% | 22.3% | ||
| Q3 25 | 8.1% | 21.5% | ||
| Q2 25 | 7.9% | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 22.8% |
净利率DOCURBC
| Q4 25 | 10.2% | 14.6% | ||
| Q3 25 | 7.9% | 13.2% | ||
| Q2 25 | 9.4% | 15.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | — | — |
每股收益（稀释后）DOCURBC
| Q4 25 | $0.40 | $2.13 | ||
| Q3 25 | $0.30 | $1.90 | ||
| Q2 25 | $0.34 | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | — | $1.65 | ||
| Q2 24 | — | $1.90 | ||
| Q1 24 | — | $1.92 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $2.0B | $3.3B |
| 总资产 | $4.0B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资DOCURBC
| Q4 25 | $583.3M | $107.6M | ||
| Q3 25 | $600.0M | $91.2M | ||
| Q2 25 | $657.4M | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务DOCURBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益DOCURBC
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.8B |
总资产DOCURBC
| Q4 25 | $4.0B | $5.1B | ||
| Q3 25 | $3.9B | $5.1B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $4.7B |
负债/权益比DOCURBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 32.1% | 21.5% |
| 资本支出强度资本支出/营收 | 3.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 3.47× | 1.81× |
| 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DOCURBC
| Q4 25 | $290.3M | $122.1M | ||
| Q3 25 | $246.1M | $88.4M | ||
| Q2 25 | $251.4M | $120.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | — | — |
自由现金流DOCURBC
| Q4 25 | $262.9M | $99.1M | ||
| Q3 25 | $217.6M | $71.7M | ||
| Q2 25 | $227.8M | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率DOCURBC
| Q4 25 | 32.1% | 21.5% | ||
| Q3 25 | 27.2% | 15.7% | ||
| Q2 25 | 29.8% | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度DOCURBC
| Q4 25 | 3.3% | 5.0% | ||
| Q3 25 | 3.6% | 3.7% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率DOCURBC
| Q4 25 | 3.47× | 1.81× | ||
| Q3 25 | 3.91× | 1.47× | ||
| Q2 25 | 3.49× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
