vs
DOCUSIGN, INC.（DOCU）与Real Brokerage Inc（REAX）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Real Brokerage Inc的1.4倍（$818.4M vs $568.5M），DOCUSIGN, INC.净利率更高（10.2% vs -0.1%，领先10.3%），Real Brokerage Inc同比增速更快（52.6% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $8.4M）
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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
DOCU vs REAX — 直观对比
营收规模更大
DOCU
是对方的1.4倍
$568.5M
营收增速更快
REAX
高出44.2%
8.4%
净利率更高
DOCU
高出10.3%
-0.1%
自由现金流更多
DOCU
多$254.5M
$8.4M
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $568.5M |
| 净利润 | $83.7M | $-447.0K |
| 毛利率 | 79.2% | 7.9% |
| 营业利润率 | 10.4% | -0.1% |
| 净利率 | 10.2% | -0.1% |
| 营收同比 | 8.4% | 52.6% |
| 净利润同比 | 34.1% | 82.7% |
| 每股收益（稀释后） | $0.40 | $0.00 |
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DOCUREAX
| Q4 25 | $818.4M | — | ||
| Q3 25 | $800.6M | $568.5M | ||
| Q2 25 | $763.7M | $540.7M | ||
| Q1 25 | — | $354.0M | ||
| Q3 24 | — | $372.5M | ||
| Q1 24 | — | $200.7M |
净利润DOCUREAX
| Q4 25 | $83.7M | — | ||
| Q3 25 | $63.0M | $-447.0K | ||
| Q2 25 | $72.1M | $1.5M | ||
| Q1 25 | — | $-5.0M | ||
| Q3 24 | — | $-2.6M | ||
| Q1 24 | — | $-16.1M |
毛利率DOCUREAX
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | 7.9% | ||
| Q2 25 | 79.4% | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q3 24 | — | 8.6% | ||
| Q1 24 | — | 10.3% |
营业利润率DOCUREAX
| Q4 25 | 10.4% | — | ||
| Q3 25 | 8.1% | -0.1% | ||
| Q2 25 | 7.9% | 0.3% | ||
| Q1 25 | — | -1.5% | ||
| Q3 24 | — | -0.7% | ||
| Q1 24 | — | -7.8% |
净利率DOCUREAX
| Q4 25 | 10.2% | — | ||
| Q3 25 | 7.9% | -0.1% | ||
| Q2 25 | 9.4% | 0.3% | ||
| Q1 25 | — | -1.4% | ||
| Q3 24 | — | -0.7% | ||
| Q1 24 | — | -8.0% |
每股收益（稀释后）DOCUREAX
| Q4 25 | $0.40 | — | ||
| Q3 25 | $0.30 | $0.00 | ||
| Q2 25 | $0.34 | $0.01 | ||
| Q1 25 | — | $-0.02 | ||
| Q3 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $53.6M |
| 总资产 | $4.0B | $145.2M |
| 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DOCUREAX
| Q4 25 | $583.3M | — | ||
| Q3 25 | $600.0M | $38.7M | ||
| Q2 25 | $657.4M | $49.7M | ||
| Q1 25 | — | $24.7M | ||
| Q3 24 | — | $22.6M | ||
| Q1 24 | — | $20.1M |
股东权益DOCUREAX
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $53.6M | ||
| Q2 25 | $2.0B | $49.2M | ||
| Q1 25 | — | $32.8M | ||
| Q3 24 | — | $29.8M | ||
| Q1 24 | — | $25.6M |
总资产DOCUREAX
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.9B | $145.2M | ||
| Q2 25 | $3.9B | $149.4M | ||
| Q1 25 | — | $100.5M | ||
| Q3 24 | — | $102.5M | ||
| 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 | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $8.4M |
| 自由现金流率自由现金流/营收 | 32.1% | 1.5% |
| 资本支出强度资本支出/营收 | 3.3% | 0.1% |
| 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 | — | $71.7M |
8季度趋势，按日历期对齐
经营现金流DOCUREAX
| Q4 25 | $290.3M | — | ||
| Q3 25 | $246.1M | $8.8M | ||
| Q2 25 | $251.4M | $41.0M | ||
| Q1 25 | — | $15.9M | ||
| Q3 24 | — | $7.2M | ||
| Q1 24 | — | $21.5M |
自由现金流DOCUREAX
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | $8.4M | ||
| Q2 25 | $227.8M | $40.8M | ||
| Q1 25 | — | $15.7M | ||
| Q3 24 | — | $6.8M | ||
| Q1 24 | — | $21.4M |
自由现金流率DOCUREAX
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | 1.5% | ||
| Q2 25 | 29.8% | 7.5% | ||
| Q1 25 | — | 4.4% | ||
| Q3 24 | — | 1.8% | ||
| Q1 24 | — | 10.7% |
资本支出强度DOCUREAX
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 3.1% | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q1 24 | — | 0.0% |
现金转化率DOCUREAX
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | 27.13× | ||
| Q1 25 | — | — | ||
| Q3 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% |
REAX
暂无分部数据
