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DOCUSIGN, INC.（DOCU）与SLM Corp（SLM）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SLM Corp的1.5倍（$818.4M vs $560.0M），SLM Corp净利率更高（55.0% vs 10.2%，领先44.8%）
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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
DOCU vs SLM — 直观对比
营收规模更大
DOCU
是对方的1.5倍
$560.0M
净利率更高
SLM
高出44.8%
10.2%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $560.0M |
| 净利润 | $83.7M | $308.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 69.6% |
| 净利率 | 10.2% | 55.0% |
| 营收同比 | 8.4% | — |
| 净利润同比 | 34.1% | 1.0% |
| 每股收益（稀释后） | $0.40 | $1.54 |
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DOCUSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $818.4M | $377.1M | ||
| Q3 25 | $800.6M | $373.0M | ||
| Q2 25 | $763.7M | $376.8M | ||
| Q1 25 | — | $375.0M | ||
| Q4 24 | — | $362.2M | ||
| Q3 24 | — | $359.4M | ||
| Q2 24 | — | $372.2M |
净利润DOCUSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $83.7M | $233.2M | ||
| Q3 25 | $63.0M | $135.8M | ||
| Q2 25 | $72.1M | $71.3M | ||
| Q1 25 | — | $304.5M | ||
| Q4 24 | — | $111.6M | ||
| Q3 24 | — | $-45.2M | ||
| Q2 24 | — | $252.0M |
毛利率DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率DOCUSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 10.4% | 83.8% | ||
| Q3 25 | 8.1% | 49.8% | ||
| Q2 25 | 7.9% | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | -16.6% | ||
| Q2 24 | — | 91.0% |
净利率DOCUSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 10.2% | 61.8% | ||
| Q3 25 | 7.9% | 36.4% | ||
| Q2 25 | 9.4% | 18.9% | ||
| Q1 25 | — | 81.2% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | — | -12.6% | ||
| Q2 24 | — | 67.7% |
每股收益（稀释后）DOCUSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $0.40 | $1.11 | ||
| Q3 25 | $0.30 | $0.63 | ||
| Q2 25 | $0.34 | $0.32 | ||
| Q1 25 | — | $1.40 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $-0.23 | ||
| Q2 24 | — | $1.11 |
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 | $5.2B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $2.0B | $2.4B |
| 总资产 | $4.0B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资DOCUSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $583.3M | $4.2B | ||
| Q3 25 | $600.0M | $3.5B | ||
| Q2 25 | $657.4M | $4.1B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $5.3B |
总债务DOCUSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.1B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | — | $5.4B |
股东权益DOCUSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.3B |
总资产DOCUSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $4.0B | $29.7B | ||
| Q3 25 | $3.9B | $29.6B | ||
| Q2 25 | $3.9B | $29.6B | ||
| Q1 25 | — | $28.9B | ||
| Q4 24 | — | $30.1B | ||
| Q3 24 | — | $30.0B | ||
| Q2 24 | — | $28.8B |
负债/权益比DOCUSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | — | 2.19× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 2.70× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 2.37× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $262.9M | — |
| 自由现金流率自由现金流/营收 | 32.1% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $-64.5M | ||
| Q3 25 | $246.1M | $-49.3M | ||
| Q2 25 | $251.4M | $-138.7M | ||
| Q1 25 | — | $-146.1M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-113.4M | ||
| Q2 24 | — | $-143.8M |
自由现金流DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $227.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率DOCUSLM
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | -0.28× | ||
| Q3 25 | 3.91× | -0.36× | ||
| Q2 25 | 3.49× | -1.95× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
