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DOCUSIGN, INC.（DOCU）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是DOCUSIGN, INC.的1.6倍（$1.3B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -63.1%，领先73.3%），DOCUSIGN, INC.同比增速更快（8.4% vs -25.8%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-1.1B）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
DOCU vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.6倍
$818.4M
营收增速更快
DOCU
高出34.3%
-25.8%
净利率更高
DOCU
高出73.3%
-63.1%
自由现金流更多
DOCU
多$1.4B
$-1.1B
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.3B |
| 净利润 | $83.7M | $-811.0M |
| 毛利率 | 79.2% | 9.3% |
| 营业利润率 | 10.4% | -64.8% |
| 净利率 | 10.2% | -63.1% |
| 营收同比 | 8.4% | -25.8% |
| 净利润同比 | 34.1% | -9.0% |
| 每股收益（稀释后） | $0.40 | $-0.66 |
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DOCURIVN
| Q4 25 | $818.4M | $1.3B | ||
| Q3 25 | $800.6M | $1.6B | ||
| Q2 25 | $763.7M | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $874.0M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
净利润DOCURIVN
| Q4 25 | $83.7M | $-811.0M | ||
| Q3 25 | $63.0M | $-1.2B | ||
| Q2 25 | $72.1M | $-1.1B | ||
| Q1 25 | — | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | — | $-1.1B | ||
| Q2 24 | — | $-1.5B | ||
| Q1 24 | — | $-1.4B |
毛利率DOCURIVN
| Q4 25 | 79.2% | 9.3% | ||
| Q3 25 | 79.3% | 1.5% | ||
| Q2 25 | 79.4% | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率DOCURIVN
| Q4 25 | 10.4% | -64.8% | ||
| Q3 25 | 8.1% | -63.1% | ||
| Q2 25 | 7.9% | -85.5% | ||
| Q1 25 | — | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | — | -133.8% | ||
| Q2 24 | — | -118.7% | ||
| Q1 24 | — | -123.3% |
净利率DOCURIVN
| Q4 25 | 10.2% | -63.1% | ||
| Q3 25 | 7.9% | -75.3% | ||
| Q2 25 | 9.4% | -85.7% | ||
| Q1 25 | — | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | — | -125.8% | ||
| Q1 24 | — | -120.1% |
每股收益（稀释后）DOCURIVN
| Q4 25 | $0.40 | $-0.66 | ||
| Q3 25 | $0.30 | $-0.96 | ||
| Q2 25 | $0.34 | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $4.6B |
| 总资产 | $4.0B | $14.9B |
| 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DOCURIVN
| Q4 25 | $583.3M | $6.1B | ||
| Q3 25 | $600.0M | $7.1B | ||
| Q2 25 | $657.4M | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务DOCURIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益DOCURIVN
| Q4 25 | $2.0B | $4.6B | ||
| Q3 25 | $2.0B | $5.1B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $8.1B |
总资产DOCURIVN
| Q4 25 | $4.0B | $14.9B | ||
| Q3 25 | $3.9B | $15.2B | ||
| Q2 25 | $3.9B | $15.6B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $14.3B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比DOCURIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-1.1B |
| 自由现金流率自由现金流/营收 | 32.1% | -89.0% |
| 资本支出强度资本支出/营收 | 3.3% | 36.0% |
| 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 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流DOCURIVN
| Q4 25 | $290.3M | $-681.0M | ||
| Q3 25 | $246.1M | $26.0M | ||
| Q2 25 | $251.4M | $64.0M | ||
| Q1 25 | — | $-188.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $-876.0M | ||
| Q2 24 | — | $-754.0M | ||
| Q1 24 | — | $-1.3B |
自由现金流DOCURIVN
| Q4 25 | $262.9M | $-1.1B | ||
| Q3 25 | $217.6M | $-421.0M | ||
| Q2 25 | $227.8M | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率DOCURIVN
| Q4 25 | 32.1% | -89.0% | ||
| Q3 25 | 27.2% | -27.0% | ||
| Q2 25 | 29.8% | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度DOCURIVN
| Q4 25 | 3.3% | 36.0% | ||
| Q3 25 | 3.6% | 28.7% | ||
| Q2 25 | 3.1% | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率DOCURIVN
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
