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DOCUSIGN, INC.（DOCU）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是DOCUSIGN, INC.的1.6倍（$1.3B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 4.8%，领先5.5%），DOCUSIGN, INC.同比增速更快（8.4% vs 6.2%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $171.0M）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
DOCU vs TEX — 直观对比
营收规模更大
TEX
是对方的1.6倍
$818.4M
营收增速更快
DOCU
高出2.2%
6.2%
净利率更高
DOCU
高出5.5%
4.8%
自由现金流更多
DOCU
多$91.9M
$171.0M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.3B |
| 净利润 | $83.7M | $63.0M |
| 毛利率 | 79.2% | 18.8% |
| 营业利润率 | 10.4% | 10.4% |
| 净利率 | 10.2% | 4.8% |
| 营收同比 | 8.4% | 6.2% |
| 净利润同比 | 34.1% | 2963.6% |
| 每股收益（稀释后） | $0.40 | $0.95 |
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DOCUTEX
| Q4 25 | $818.4M | $1.3B | ||
| Q3 25 | $800.6M | $1.4B | ||
| Q2 25 | $763.7M | $1.5B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
净利润DOCUTEX
| Q4 25 | $83.7M | $63.0M | ||
| Q3 25 | $63.0M | $65.0M | ||
| Q2 25 | $72.1M | $72.0M | ||
| Q1 25 | — | $21.0M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $88.0M | ||
| Q2 24 | — | $140.7M | ||
| Q1 24 | — | $108.5M |
毛利率DOCUTEX
| Q4 25 | 79.2% | 18.8% | ||
| Q3 25 | 79.3% | 20.3% | ||
| Q2 25 | 79.4% | 19.6% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 23.0% |
营业利润率DOCUTEX
| Q4 25 | 10.4% | 10.4% | ||
| Q3 25 | 8.1% | 10.1% | ||
| Q2 25 | 7.9% | 8.7% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 12.2% |
净利率DOCUTEX
| Q4 25 | 10.2% | 4.8% | ||
| Q3 25 | 7.9% | 4.7% | ||
| Q2 25 | 9.4% | 4.8% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 8.4% |
每股收益（稀释后）DOCUTEX
| Q4 25 | $0.40 | $0.95 | ||
| Q3 25 | $0.30 | $0.98 | ||
| Q2 25 | $0.34 | $1.09 | ||
| Q1 25 | — | $0.31 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $1.31 | ||
| Q2 24 | — | $2.08 | ||
| Q1 24 | — | $1.60 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $2.0B | $2.1B |
| 总资产 | $4.0B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资DOCUTEX
| Q4 25 | $583.3M | $772.0M | ||
| Q3 25 | $600.0M | $509.0M | ||
| Q2 25 | $657.4M | $374.0M | ||
| Q1 25 | — | $298.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $319.3M | ||
| Q1 24 | — | $364.9M |
总债务DOCUTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUTEX
| Q4 25 | $2.0B | $2.1B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $2.0B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.7B |
总资产DOCUTEX
| Q4 25 | $4.0B | $6.1B | ||
| Q3 25 | $3.9B | $6.2B | ||
| Q2 25 | $3.9B | $6.2B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
负债/权益比DOCUTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $171.0M |
| 自由现金流率自由现金流/营收 | 32.1% | 13.0% |
| 资本支出强度资本支出/营收 | 3.3% | 2.6% |
| 现金转化率经营现金流/净利润 | 3.47× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流DOCUTEX
| Q4 25 | $290.3M | $205.0M | ||
| Q3 25 | $246.1M | $154.0M | ||
| Q2 25 | $251.4M | $102.0M | ||
| Q1 25 | — | $-21.0M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $116.4M | ||
| Q2 24 | — | $66.5M | ||
| Q1 24 | — | $-33.9M |
自由现金流DOCUTEX
| Q4 25 | $262.9M | $171.0M | ||
| Q3 25 | $217.6M | $130.0M | ||
| Q2 25 | $227.8M | $78.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | — | $87.4M | ||
| Q2 24 | — | $42.5M | ||
| Q1 24 | — | $-68.9M |
自由现金流率DOCUTEX
| Q4 25 | 32.1% | 13.0% | ||
| Q3 25 | 27.2% | 9.4% | ||
| Q2 25 | 29.8% | 5.2% | ||
| Q1 25 | — | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | -5.3% |
资本支出强度DOCUTEX
| Q4 25 | 3.3% | 2.6% | ||
| Q3 25 | 3.6% | 1.7% | ||
| Q2 25 | 3.1% | 1.6% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.7% |
现金转化率DOCUTEX
| Q4 25 | 3.47× | 3.25× | ||
| Q3 25 | 3.91× | 2.37× | ||
| Q2 25 | 3.49× | 1.42× | ||
| Q1 25 | — | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
