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DOCUSIGN, INC.（DOCU）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是DOCUSIGN, INC.的1.7倍（$1.4B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 7.1%，领先3.1%），DOCUSIGN, INC.同比增速更快（8.4% vs -26.8%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
DOCU vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.7倍
$818.4M
营收增速更快
DOCU
高出35.3%
-26.8%
净利率更高
DOCU
高出3.1%
7.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.4B |
| 净利润 | $83.7M | $98.6M |
| 毛利率 | 79.2% | 21.0% |
| 营业利润率 | 10.4% | — |
| 净利率 | 10.2% | 7.1% |
| 营收同比 | 8.4% | -26.8% |
| 净利润同比 | 34.1% | -53.8% |
| 每股收益（稀释后） | $0.40 | $1.12 |
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DOCUTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $818.4M | $2.1B | ||
| Q3 25 | $800.6M | $2.1B | ||
| Q2 25 | $763.7M | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B |
净利润DOCUTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $83.7M | $174.0M | ||
| Q3 25 | $63.0M | $201.4M | ||
| Q2 25 | $72.1M | $193.6M | ||
| Q1 25 | — | $213.5M | ||
| Q4 24 | — | $242.5M | ||
| Q3 24 | — | $251.1M | ||
| Q2 24 | — | $199.5M |
毛利率DOCUTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 79.2% | 22.0% | ||
| Q3 25 | 79.3% | 22.7% | ||
| Q2 25 | 79.4% | 23.0% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | — | 23.7% |
营业利润率DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
净利率DOCUTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 10.2% | 8.3% | ||
| Q3 25 | 7.9% | 9.6% | ||
| Q2 25 | 9.4% | 9.5% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 11.8% | ||
| Q2 24 | — | 10.0% |
每股收益（稀释后）DOCUTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.40 | $1.77 | ||
| Q3 25 | $0.30 | $2.01 | ||
| Q2 25 | $0.34 | $1.92 | ||
| Q1 25 | — | $2.07 | ||
| Q4 24 | — | $2.29 | ||
| Q3 24 | — | $2.37 | ||
| Q2 24 | — | $1.86 |
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 | $652.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $6.2B |
| 总资产 | $4.0B | $9.8B |
| 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DOCUTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $583.3M | $850.0M | ||
| Q3 25 | $600.0M | $370.6M | ||
| Q2 25 | $657.4M | $130.2M | ||
| Q1 25 | — | $377.8M | ||
| Q4 24 | — | $487.2M | ||
| Q3 24 | — | $256.4M | ||
| Q2 24 | — | $246.8M |
总债务DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益DOCUTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.0B | $6.3B | ||
| Q3 25 | $2.0B | $6.2B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $5.5B |
总资产DOCUTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $4.0B | $9.8B | ||
| Q3 25 | $3.9B | $9.6B | ||
| Q2 25 | $3.9B | $9.5B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.3B | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | — | $9.1B |
负债/权益比DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — |
| 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DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $646.4M | ||
| Q3 25 | $246.1M | $219.6M | ||
| Q2 25 | $251.4M | $-126.0M | ||
| Q1 25 | — | $77.2M | ||
| Q4 24 | — | $438.2M | ||
| Q3 24 | — | $135.9M | ||
| Q2 24 | — | $-233.3M |
自由现金流DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | $262.9M | $635.3M | ||
| Q3 25 | $217.6M | $206.6M | ||
| Q2 25 | $227.8M | $-133.6M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | $428.2M | ||
| Q3 24 | — | $127.1M | ||
| Q2 24 | — | $-241.7M |
自由现金流率DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | 30.3% | ||
| Q3 25 | 27.2% | 9.9% | ||
| Q2 25 | 29.8% | -6.6% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | -12.1% |
资本支出强度DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 0.5% | ||
| Q3 25 | 3.6% | 0.6% | ||
| Q2 25 | 3.1% | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率DOCUTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 3.71× | ||
| Q3 25 | 3.91× | 1.09× | ||
| Q2 25 | 3.49× | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
