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DOCUSIGN, INC.（DOCU）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是DOCUSIGN, INC.的1.0倍（$840.3M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs -31.6%，领先41.9%），DOCUSIGN, INC.同比增速更快（8.4% vs 0.1%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
DOCU vs THS — 直观对比
营收规模更大
THS
是对方的1.0倍
$818.4M
营收增速更快
DOCU
高出8.3%
0.1%
净利率更高
DOCU
高出41.9%
-31.6%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $840.3M |
| 净利润 | $83.7M | $-265.8M |
| 毛利率 | 79.2% | 18.8% |
| 营业利润率 | 10.4% | -30.2% |
| 净利率 | 10.2% | -31.6% |
| 营收同比 | 8.4% | 0.1% |
| 净利润同比 | 34.1% | -7717.6% |
| 每股收益（稀释后） | $0.40 | $-5.26 |
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DOCUTHS
| Q4 25 | $818.4M | — | ||
| Q3 25 | $800.6M | $840.3M | ||
| Q2 25 | $763.7M | $798.0M | ||
| Q1 25 | — | $792.0M | ||
| Q4 24 | — | $905.7M | ||
| Q3 24 | — | $839.1M | ||
| Q2 24 | — | $788.5M | ||
| Q1 24 | — | $820.7M |
净利润DOCUTHS
| Q4 25 | $83.7M | — | ||
| Q3 25 | $63.0M | $-265.8M | ||
| Q2 25 | $72.1M | $-2.9M | ||
| Q1 25 | — | $-31.8M | ||
| Q4 24 | — | $58.7M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-16.7M | ||
| Q1 24 | — | $-11.7M |
毛利率DOCUTHS
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | 18.8% | ||
| Q2 25 | 79.4% | 17.4% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 13.6% |
营业利润率DOCUTHS
| Q4 25 | 10.4% | — | ||
| Q3 25 | 8.1% | -30.2% | ||
| Q2 25 | 7.9% | 3.4% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -0.6% |
净利率DOCUTHS
| Q4 25 | 10.2% | — | ||
| Q3 25 | 7.9% | -31.6% | ||
| Q2 25 | 9.4% | -0.4% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -2.1% | ||
| Q1 24 | — | -1.4% |
每股收益（稀释后）DOCUTHS
| Q4 25 | $0.40 | — | ||
| Q3 25 | $0.30 | $-5.26 | ||
| Q2 25 | $0.34 | $-0.06 | ||
| Q1 25 | — | $-0.63 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $2.0B | $1.3B |
| 总资产 | $4.0B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资DOCUTHS
| Q4 25 | $583.3M | — | ||
| Q3 25 | $600.0M | $21.0M | ||
| Q2 25 | $657.4M | $17.1M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | — | $289.6M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $105.8M | ||
| Q1 24 | — | $191.8M |
总债务DOCUTHS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益DOCUTHS
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.6B |
总资产DOCUTHS
| Q4 25 | $4.0B | — | ||
| Q3 25 | $3.9B | $3.8B | ||
| Q2 25 | $3.9B | $4.0B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.0B |
负债/权益比DOCUTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.87× |
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 | $38.2M |
| 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DOCUTHS
| Q4 25 | $290.3M | — | ||
| Q3 25 | $246.1M | $38.2M | ||
| Q2 25 | $251.4M | $-47.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $296.2M | ||
| Q3 24 | — | $41.4M | ||
| Q2 24 | — | $-19.4M | ||
| Q1 24 | — | $-52.4M |
自由现金流DOCUTHS
| Q4 25 | $262.9M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $227.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-42.2M | ||
| Q1 24 | — | $-80.7M |
自由现金流率DOCUTHS
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.2% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -9.8% |
资本支出强度DOCUTHS
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
现金转化率DOCUTHS
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
