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DOCUSIGN, INC.（DOCU）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是DOCUSIGN, INC.的1.8倍（$1.5B vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 1.9%，领先8.3%），TUTOR PERINI CORP同比增速更快（41.2% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $98.7M）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
DOCU vs TPC — 直观对比
营收规模更大
TPC
是对方的1.8倍
$818.4M
营收增速更快
TPC
高出32.8%
8.4%
净利率更高
DOCU
高出8.3%
1.9%
自由现金流更多
DOCU
多$164.2M
$98.7M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $1.5B |
| 净利润 | $83.7M | $28.8M |
| 毛利率 | 79.2% | 9.8% |
| 营业利润率 | 10.4% | 3.3% |
| 净利率 | 10.2% | 1.9% |
| 营收同比 | 8.4% | 41.2% |
| 净利润同比 | 34.1% | 136.3% |
| 每股收益（稀释后） | $0.40 | $0.53 |
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DOCUTPC
| Q4 25 | $818.4M | $1.5B | ||
| Q3 25 | $800.6M | $1.4B | ||
| Q2 25 | $763.7M | $1.4B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
净利润DOCUTPC
| Q4 25 | $83.7M | $28.8M | ||
| Q3 25 | $63.0M | $3.6M | ||
| Q2 25 | $72.1M | $20.0M | ||
| Q1 25 | — | $28.0M | ||
| Q4 24 | — | $-79.4M | ||
| Q3 24 | — | $-100.9M | ||
| Q2 24 | — | $812.0K | ||
| Q1 24 | — | $15.8M |
毛利率DOCUTPC
| Q4 25 | 79.2% | 9.8% | ||
| Q3 25 | 79.3% | 12.0% | ||
| Q2 25 | 79.4% | 14.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | -2.4% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.0% |
营业利润率DOCUTPC
| Q4 25 | 10.4% | 3.3% | ||
| Q3 25 | 8.1% | 2.8% | ||
| Q2 25 | 7.9% | 5.6% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | -8.1% | ||
| Q3 24 | — | -9.9% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | 4.7% |
净利率DOCUTPC
| Q4 25 | 10.2% | 1.9% | ||
| Q3 25 | 7.9% | 0.3% | ||
| Q2 25 | 9.4% | 1.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | -7.4% | ||
| Q3 24 | — | -9.3% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.5% |
每股收益（稀释后）DOCUTPC
| Q4 25 | $0.40 | $0.53 | ||
| Q3 25 | $0.30 | $0.07 | ||
| Q2 25 | $0.34 | $0.38 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | — | $-1.53 | ||
| Q3 24 | — | $-1.92 | ||
| Q2 24 | — | $0.02 | ||
| Q1 24 | — | $0.30 |
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 | $734.6M |
| 总债务越低越好 | — | $407.4M |
| 股东权益账面价值 | $2.0B | $1.2B |
| 总资产 | $4.0B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资DOCUTPC
| Q4 25 | $583.3M | $734.6M | ||
| Q3 25 | $600.0M | $695.7M | ||
| Q2 25 | $657.4M | $526.1M | ||
| Q1 25 | — | $276.5M | ||
| Q4 24 | — | $455.1M | ||
| Q3 24 | — | $287.4M | ||
| Q2 24 | — | $267.1M | ||
| Q1 24 | — | $358.3M |
总债务DOCUTPC
| Q4 25 | — | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | — | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M | ||
| Q1 24 | — | $801.2M |
股东权益DOCUTPC
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
总资产DOCUTPC
| Q4 25 | $4.0B | $5.2B | ||
| Q3 25 | $3.9B | $5.2B | ||
| Q2 25 | $3.9B | $4.9B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B |
负债/权益比DOCUTPC
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.61× |
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 | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $98.7M |
| 自由现金流率自由现金流/营收 | 32.1% | 6.5% |
| 资本支出强度资本支出/营收 | 3.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 3.47× | 6.02× |
| 过去12个月自由现金流最近4个季度 | — | $567.2M |
8季度趋势，按日历期对齐
经营现金流DOCUTPC
| Q4 25 | $290.3M | $173.7M | ||
| Q3 25 | $246.1M | $289.1M | ||
| Q2 25 | $251.4M | $262.4M | ||
| Q1 25 | — | $22.9M | ||
| Q4 24 | — | $329.6M | ||
| Q3 24 | — | $22.6M | ||
| Q2 24 | — | $53.1M | ||
| Q1 24 | — | $98.3M |
自由现金流DOCUTPC
| Q4 25 | $262.9M | $98.7M | ||
| Q3 25 | $217.6M | $240.2M | ||
| Q2 25 | $227.8M | $235.6M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | — | $320.4M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $42.2M | ||
| Q1 24 | — | $87.8M |
自由现金流率DOCUTPC
| Q4 25 | 32.1% | 6.5% | ||
| Q3 25 | 27.2% | 17.0% | ||
| Q2 25 | 29.8% | 17.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 8.4% |
资本支出强度DOCUTPC
| Q4 25 | 3.3% | 5.0% | ||
| Q3 25 | 3.6% | 3.5% | ||
| Q2 25 | 3.1% | 2.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCUTPC
| Q4 25 | 3.47× | 6.02× | ||
| Q3 25 | 3.91× | 79.63× | ||
| Q2 25 | 3.49× | 13.14× | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 65.44× | ||
| Q1 24 | — | 6.24× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
