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DOCUSIGN, INC.（DOCU）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, 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 5.8%，领先4.5%），ROKU, INC同比增速更快（16.1% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $106.6M）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
DOCU vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.7倍
$818.4M
营收增速更快
ROKU
高出7.7%
8.4%
净利率更高
DOCU
高出4.5%
5.8%
自由现金流更多
DOCU
多$156.3M
$106.6M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.4B |
| 净利润 | $83.7M | $80.5M |
| 毛利率 | 79.2% | 43.5% |
| 营业利润率 | 10.4% | 4.7% |
| 净利率 | 10.2% | 5.8% |
| 营收同比 | 8.4% | 16.1% |
| 净利润同比 | 34.1% | 326.4% |
| 每股收益（稀释后） | $0.40 | $0.55 |
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DOCUROKU
| Q4 25 | $818.4M | $1.4B | ||
| Q3 25 | $800.6M | $1.2B | ||
| Q2 25 | $763.7M | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $968.2M | ||
| Q1 24 | — | $881.5M |
净利润DOCUROKU
| Q4 25 | $83.7M | $80.5M | ||
| Q3 25 | $63.0M | $24.8M | ||
| Q2 25 | $72.1M | $10.5M | ||
| Q1 25 | — | $-27.4M | ||
| Q4 24 | — | $-35.5M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $-34.0M | ||
| Q1 24 | — | $-50.9M |
毛利率DOCUROKU
| Q4 25 | 79.2% | 43.5% | ||
| Q3 25 | 79.3% | 43.4% | ||
| Q2 25 | 79.4% | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率DOCUROKU
| Q4 25 | 10.4% | 4.7% | ||
| Q3 25 | 8.1% | 0.8% | ||
| Q2 25 | 7.9% | -2.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | — | -8.2% |
净利率DOCUROKU
| Q4 25 | 10.2% | 5.8% | ||
| Q3 25 | 7.9% | 2.0% | ||
| Q2 25 | 9.4% | 0.9% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -3.5% | ||
| Q1 24 | — | -5.8% |
每股收益（稀释后）DOCUROKU
| Q4 25 | $0.40 | $0.55 | ||
| Q3 25 | $0.30 | $0.16 | ||
| Q2 25 | $0.34 | $0.07 | ||
| Q1 25 | — | $-0.19 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $-0.06 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | — | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.7B |
| 总资产 | $4.0B | $4.4B |
| 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DOCUROKU
| Q4 25 | $583.3M | $2.3B | ||
| Q3 25 | $600.0M | $2.3B | ||
| Q2 25 | $657.4M | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益DOCUROKU
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
总资产DOCUROKU
| Q4 25 | $4.0B | $4.4B | ||
| Q3 25 | $3.9B | $4.4B | ||
| Q2 25 | $3.9B | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $106.6M |
| 自由现金流率自由现金流/营收 | 32.1% | 7.6% |
| 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× | 1.34× |
| 过去12个月自由现金流最近4个季度 | — | $478.4M |
8季度趋势，按日历期对齐
经营现金流DOCUROKU
| Q4 25 | $290.3M | $107.7M | ||
| Q3 25 | $246.1M | $127.6M | ||
| Q2 25 | $251.4M | $109.7M | ||
| Q1 25 | — | $138.7M | ||
| Q4 24 | — | $79.3M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | — | $46.7M |
自由现金流DOCUROKU
| Q4 25 | $262.9M | $106.6M | ||
| Q3 25 | $217.6M | $126.5M | ||
| Q2 25 | $227.8M | $108.6M | ||
| Q1 25 | — | $136.8M | ||
| Q4 24 | — | $76.8M | ||
| Q3 24 | — | $67.6M | ||
| Q2 24 | — | $22.5M | ||
| Q1 24 | — | $46.0M |
自由现金流率DOCUROKU
| Q4 25 | 32.1% | 7.6% | ||
| Q3 25 | 27.2% | 10.4% | ||
| Q2 25 | 29.8% | 9.8% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 5.2% |
资本支出强度DOCUROKU
| Q4 25 | 3.3% | 0.1% | ||
| Q3 25 | 3.6% | 0.1% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率DOCUROKU
| Q4 25 | 3.47× | 1.34× | ||
| Q3 25 | 3.91× | 5.14× | ||
| Q2 25 | 3.49× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
