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DOCUSIGN, INC.（DOCU）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, INC.的1.1倍（$818.4M vs $755.6M），STERLING INFRASTRUCTURE, INC.净利率更高（11.6% vs 10.2%，领先1.4%），STERLING INFRASTRUCTURE, INC.同比增速更快（51.5% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $159.7M）
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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
DOCU vs STRL — 直观对比
营收规模更大
DOCU
是对方的1.1倍
$755.6M
营收增速更快
STRL
高出43.1%
8.4%
净利率更高
STRL
高出1.4%
10.2%
自由现金流更多
DOCU
多$103.2M
$159.7M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $755.6M |
| 净利润 | $83.7M | $87.6M |
| 毛利率 | 79.2% | 21.7% |
| 营业利润率 | 10.4% | 15.9% |
| 净利率 | 10.2% | 11.6% |
| 营收同比 | 8.4% | 51.5% |
| 净利润同比 | 34.1% | -22.6% |
| 每股收益（稀释后） | $0.40 | $2.82 |
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DOCUSTRL
| Q4 25 | $818.4M | $755.6M | ||
| Q3 25 | $800.6M | $689.0M | ||
| Q2 25 | $763.7M | $614.5M | ||
| Q1 25 | — | $430.9M | ||
| Q4 24 | — | $498.8M | ||
| Q3 24 | — | $593.7M | ||
| Q2 24 | — | $582.8M | ||
| Q1 24 | — | $440.4M |
净利润DOCUSTRL
| Q4 25 | $83.7M | $87.6M | ||
| Q3 25 | $63.0M | $92.1M | ||
| Q2 25 | $72.1M | $71.0M | ||
| Q1 25 | — | $39.5M | ||
| Q4 24 | — | $113.2M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $51.9M | ||
| Q1 24 | — | $31.0M |
毛利率DOCUSTRL
| Q4 25 | 79.2% | 21.7% | ||
| Q3 25 | 79.3% | 24.7% | ||
| Q2 25 | 79.4% | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率DOCUSTRL
| Q4 25 | 10.4% | 15.9% | ||
| Q3 25 | 8.1% | 18.2% | ||
| Q2 25 | 7.9% | 17.0% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 9.6% |
净利率DOCUSTRL
| Q4 25 | 10.2% | 11.6% | ||
| Q3 25 | 7.9% | 13.4% | ||
| Q2 25 | 9.4% | 11.6% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 8.9% | ||
| Q1 24 | — | 7.1% |
每股收益（稀释后）DOCUSTRL
| Q4 25 | $0.40 | $2.82 | ||
| Q3 25 | $0.30 | $2.97 | ||
| Q2 25 | $0.34 | $2.31 | ||
| Q1 25 | — | $1.28 | ||
| Q4 24 | — | $3.63 | ||
| Q3 24 | — | $1.97 | ||
| Q2 24 | — | $1.67 | ||
| Q1 24 | — | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.1B |
| 总资产 | $4.0B | $2.6B |
| 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DOCUSTRL
| Q4 25 | $583.3M | $390.7M | ||
| Q3 25 | $600.0M | $306.4M | ||
| Q2 25 | $657.4M | $699.4M | ||
| Q1 25 | — | $638.6M | ||
| Q4 24 | — | $664.2M | ||
| Q3 24 | — | $648.1M | ||
| Q2 24 | — | $540.0M | ||
| Q1 24 | — | $480.4M |
股东权益DOCUSTRL
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $881.7M | ||
| Q1 25 | — | $805.4M | ||
| Q4 24 | — | $808.1M | ||
| Q3 24 | — | $716.5M | ||
| Q2 24 | — | $670.7M | ||
| Q1 24 | — | $644.6M |
总资产DOCUSTRL
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $3.9B | $2.6B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $159.7M |
| 自由现金流率自由现金流/营收 | 32.1% | 21.1% |
| 资本支出强度资本支出/营收 | 3.3% | 3.5% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流DOCUSTRL
| Q4 25 | $290.3M | $186.1M | ||
| Q3 25 | $246.1M | $83.6M | ||
| Q2 25 | $251.4M | $85.4M | ||
| Q1 25 | — | $84.9M | ||
| Q4 24 | — | $174.3M | ||
| Q3 24 | — | $152.3M | ||
| Q2 24 | — | $121.0M | ||
| Q1 24 | — | $49.6M |
自由现金流DOCUSTRL
| Q4 25 | $262.9M | $159.7M | ||
| Q3 25 | $217.6M | $64.0M | ||
| Q2 25 | $227.8M | $72.1M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | — | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | — | $27.2M |
自由现金流率DOCUSTRL
| Q4 25 | 32.1% | 21.1% | ||
| Q3 25 | 27.2% | 9.3% | ||
| Q2 25 | 29.8% | 11.7% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 6.2% |
资本支出强度DOCUSTRL
| Q4 25 | 3.3% | 3.5% | ||
| Q3 25 | 3.6% | 2.9% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 5.1% |
现金转化率DOCUSTRL
| Q4 25 | 3.47× | 2.12× | ||
| Q3 25 | 3.91× | 0.91× | ||
| Q2 25 | 3.49× | 1.20× | ||
| Q1 25 | — | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | — | 2.48× | ||
| Q2 24 | — | 2.33× | ||
| Q1 24 | — | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
