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DOCUSIGN, INC.（DOCU）与SelectQuote, Inc.（SLQT）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SelectQuote, Inc.的1.5倍（$818.4M vs $537.1M），SelectQuote, Inc.净利率更高（12.9% vs 10.2%，领先2.7%），SelectQuote, Inc.同比增速更快（11.6% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-1.0M）
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。
SelectQuote是面向消费者的直售平台，主营保险产品与医疗服务业务，通过对接消费者与保险机构获取佣金，覆盖长者健康险、人寿险、车险、家财险等品类，医疗服务板块以认证药房SelectRx为核心业务，公司于2020年5月上市。
DOCU vs SLQT — 直观对比
营收规模更大
DOCU
是对方的1.5倍
$537.1M
营收增速更快
SLQT
高出3.2%
8.4%
净利率更高
SLQT
高出2.7%
10.2%
自由现金流更多
DOCU
多$263.9M
$-1.0M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $537.1M |
| 净利润 | $83.7M | $69.3M |
| 毛利率 | 79.2% | 61.8% |
| 营业利润率 | 10.4% | 14.0% |
| 净利率 | 10.2% | 12.9% |
| 营收同比 | 8.4% | 11.6% |
| 净利润同比 | 34.1% | 30.2% |
| 每股收益（稀释后） | $0.40 | $0.26 |
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DOCUSLQT
| Q4 25 | $818.4M | $537.1M | ||
| Q3 25 | $800.6M | $328.8M | ||
| Q2 25 | $763.7M | $345.1M | ||
| Q1 25 | — | $408.2M | ||
| Q4 24 | — | $481.1M | ||
| Q3 24 | — | $292.3M | ||
| Q2 24 | — | $307.2M | ||
| Q1 24 | — | $376.4M |
净利润DOCUSLQT
| Q4 25 | $83.7M | $69.3M | ||
| Q3 25 | $63.0M | $-30.5M | ||
| Q2 25 | $72.1M | $12.9M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $53.2M | ||
| Q3 24 | — | $-44.5M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | — | $8.6M |
毛利率DOCUSLQT
| Q4 25 | 79.2% | 61.8% | ||
| Q3 25 | 79.3% | 41.4% | ||
| Q2 25 | 79.4% | 47.2% | ||
| Q1 25 | — | 60.2% | ||
| Q4 24 | — | 67.5% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 60.7% | ||
| Q1 24 | — | 71.8% |
营业利润率DOCUSLQT
| Q4 25 | 10.4% | 14.0% | ||
| Q3 25 | 8.1% | -12.4% | ||
| Q2 25 | 7.9% | -3.6% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | -4.1% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | 8.8% |
净利率DOCUSLQT
| Q4 25 | 10.2% | 12.9% | ||
| Q3 25 | 7.9% | -9.3% | ||
| Q2 25 | 9.4% | 3.7% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | — | -10.1% | ||
| Q1 24 | — | 2.3% |
每股收益（稀释后）DOCUSLQT
| Q4 25 | $0.40 | $0.26 | ||
| Q3 25 | $0.30 | $-0.26 | ||
| Q2 25 | $0.34 | $-0.06 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $-0.26 | ||
| Q2 24 | — | $-0.17 | ||
| Q1 24 | — | $0.05 |
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 | $18.3M |
| 总债务越低越好 | — | $405.8M |
| 股东权益账面价值 | $2.0B | $359.7M |
| 总资产 | $4.0B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资DOCUSLQT
| Q4 25 | $583.3M | $18.3M | ||
| Q3 25 | $600.0M | $10.7M | ||
| Q2 25 | $657.4M | $32.4M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $7.3M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $42.7M | ||
| Q1 24 | — | $37.8M |
总债务DOCUSLQT
| Q4 25 | — | $405.8M | ||
| Q3 25 | — | $393.1M | ||
| Q2 25 | — | $385.1M | ||
| Q1 25 | — | $391.5M | ||
| Q4 24 | — | $711.9M | ||
| Q3 24 | — | $680.4M | ||
| Q2 24 | — | $683.3M | ||
| Q1 24 | — | $686.0M |
股东权益DOCUSLQT
| Q4 25 | $2.0B | $359.7M | ||
| Q3 25 | $2.0B | $305.1M | ||
| Q2 25 | $2.0B | $351.1M | ||
| Q1 25 | — | $350.2M | ||
| Q4 24 | — | $326.0M | ||
| Q3 24 | — | $269.4M | ||
| Q2 24 | — | $316.8M | ||
| Q1 24 | — | $346.8M |
总资产DOCUSLQT
| Q4 25 | $4.0B | $1.4B | ||
| Q3 25 | $3.9B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
负债/权益比DOCUSLQT
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | — | 1.98× |
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 | $52.0K |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-1.0M |
| 自由现金流率自由现金流/营收 | 32.1% | -0.2% |
| 资本支出强度资本支出/营收 | 3.3% | 0.2% |
| 现金转化率经营现金流/净利润 | 3.47× | 0.00× |
| 过去12个月自由现金流最近4个季度 | — | $8.5M |
8季度趋势，按日历期对齐
经营现金流DOCUSLQT
| Q4 25 | $290.3M | $52.0K | ||
| Q3 25 | $246.1M | $-21.6M | ||
| Q2 25 | $251.4M | $-37.5M | ||
| Q1 25 | — | $71.1M | ||
| Q4 24 | — | $-28.7M | ||
| Q3 24 | — | $-16.6M | ||
| Q2 24 | — | $20.0M | ||
| Q1 24 | — | $44.5M |
自由现金流DOCUSLQT
| Q4 25 | $262.9M | $-1.0M | ||
| Q3 25 | $217.6M | $-22.7M | ||
| Q2 25 | $227.8M | $-38.0M | ||
| Q1 25 | — | $70.2M | ||
| Q4 24 | — | $-29.0M | ||
| Q3 24 | — | $-17.1M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $43.4M |
自由现金流率DOCUSLQT
| Q4 25 | 32.1% | -0.2% | ||
| Q3 25 | 27.2% | -6.9% | ||
| Q2 25 | 29.8% | -11.0% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | — | -5.8% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 11.5% |
资本支出强度DOCUSLQT
| Q4 25 | 3.3% | 0.2% | ||
| Q3 25 | 3.6% | 0.3% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
现金转化率DOCUSLQT
| Q4 25 | 3.47× | 0.00× | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | -2.91× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | -0.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.20× |
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% |
SLQT
| Healthcare Services Segment | $230.7M | 43% |
| Pharmacy | $227.2M | 42% |
| Other | $30.4M | 6% |
| Final Expense | $20.4M | 4% |
| Term | $18.5M | 3% |
| Other Senior | $6.3M | 1% |
| All Other Revenue | $3.9M | 1% |
