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DOCUSIGN, INC.（DOCU）与StubHub Holdings, Inc.（STUB）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StubHub Holdings, Inc.的1.7倍（$818.4M vs $468.1M），DOCUSIGN, INC.净利率更高（10.2% vs -276.6%，领先286.8%），DOCUSIGN, INC.同比增速更快（8.4% vs 7.9%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $180.3M）
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。
StubHub Holdings是全球领先的在线票务交易平台，提供演唱会、体育赛事、戏剧演出等各类现场娱乐活动的门票转售及直购服务，覆盖北美、欧洲、亚太等核心市场，为消费者、活动主办方和票务卖家提供安全可靠的交易渠道。
DOCU vs STUB — 直观对比
营收规模更大
DOCU
是对方的1.7倍
$468.1M
营收增速更快
DOCU
高出0.5%
7.9%
净利率更高
DOCU
高出286.8%
-276.6%
自由现金流更多
DOCU
多$82.6M
$180.3M
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $468.1M |
| 净利润 | $83.7M | $-1.3B |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | -292.3% |
| 净利率 | 10.2% | -276.6% |
| 营收同比 | 8.4% | 7.9% |
| 净利润同比 | 34.1% | -3821.6% |
| 每股收益（稀释后） | $0.40 | $-4.27 |
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DOCUSTUB
| Q4 25 | $818.4M | — | ||
| Q3 25 | $800.6M | $468.1M | ||
| Q2 25 | $763.7M | — | ||
| Q3 24 | — | $433.8M |
净利润DOCUSTUB
| Q4 25 | $83.7M | — | ||
| Q3 25 | $63.0M | $-1.3B | ||
| Q2 25 | $72.1M | — | ||
| Q3 24 | — | $-33.0M |
毛利率DOCUSTUB
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q3 24 | — | — |
营业利润率DOCUSTUB
| Q4 25 | 10.4% | — | ||
| Q3 25 | 8.1% | -292.3% | ||
| Q2 25 | 7.9% | — | ||
| Q3 24 | — | 2.8% |
净利率DOCUSTUB
| Q4 25 | 10.2% | — | ||
| Q3 25 | 7.9% | -276.6% | ||
| Q2 25 | 9.4% | — | ||
| Q3 24 | — | -7.6% |
每股收益（稀释后）DOCUSTUB
| Q4 25 | $0.40 | — | ||
| Q3 25 | $0.30 | $-4.27 | ||
| Q2 25 | $0.34 | — | ||
| Q3 24 | — | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $4.0B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资DOCUSTUB
| Q4 25 | $583.3M | — | ||
| Q3 25 | $600.0M | $1.4B | ||
| Q2 25 | $657.4M | — | ||
| Q3 24 | — | $1.1B |
总债务DOCUSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — |
股东权益DOCUSTUB
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | — | ||
| Q3 24 | — | $815.9M |
总资产DOCUSTUB
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.9B | $5.6B | ||
| Q2 25 | $3.9B | — | ||
| Q3 24 | — | — |
负债/权益比DOCUSTUB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — |
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 | $181.4M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $180.3M |
| 自由现金流率自由现金流/营收 | 32.1% | 38.5% |
| 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× | — |
| 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DOCUSTUB
| Q4 25 | $290.3M | — | ||
| Q3 25 | $246.1M | $181.4M | ||
| Q2 25 | $251.4M | — | ||
| Q3 24 | — | — |
自由现金流DOCUSTUB
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | $180.3M | ||
| Q2 25 | $227.8M | — | ||
| Q3 24 | — | — |
自由现金流率DOCUSTUB
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | 38.5% | ||
| Q2 25 | 29.8% | — | ||
| Q3 24 | — | — |
资本支出强度DOCUSTUB
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | 0.2% | ||
| Q2 25 | 3.1% | — | ||
| Q3 24 | — | — |
现金转化率DOCUSTUB
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q3 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% |
STUB
| Transaction Fees | $453.4M | 97% |
| Other | $14.7M | 3% |
