vs
DOCUSIGN, INC.（DOCU）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是DOCUSIGN, INC.的1.2倍（$972.6M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 6.2%，领先4.0%），DOCUSIGN, INC.同比增速更快（8.4% vs -22.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $213.2M）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
DOCU vs TPH — 直观对比
营收规模更大
TPH
是对方的1.2倍
$818.4M
营收增速更快
DOCU
高出30.8%
-22.4%
净利率更高
DOCU
高出4.0%
6.2%
自由现金流更多
DOCU
多$49.7M
$213.2M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $972.6M |
| 净利润 | $83.7M | $60.2M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 8.1% |
| 净利率 | 10.2% | 6.2% |
| 营收同比 | 8.4% | -22.4% |
| 净利润同比 | 34.1% | -53.4% |
| 每股收益（稀释后） | $0.40 | $0.70 |
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DOCUTPH
| Q4 25 | $818.4M | $972.6M | ||
| Q3 25 | $800.6M | $854.7M | ||
| Q2 25 | $763.7M | $902.4M | ||
| Q1 25 | — | $740.9M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $939.4M |
净利润DOCUTPH
| Q4 25 | $83.7M | $60.2M | ||
| Q3 25 | $63.0M | $56.1M | ||
| Q2 25 | $72.1M | $60.7M | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | — | $129.2M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $118.0M | ||
| Q1 24 | — | $99.1M |
毛利率DOCUTPH
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率DOCUTPH
| Q4 25 | 10.4% | 8.1% | ||
| Q3 25 | 8.1% | 8.1% | ||
| Q2 25 | 7.9% | 8.5% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | 12.3% |
净利率DOCUTPH
| Q4 25 | 10.2% | 6.2% | ||
| Q3 25 | 7.9% | 6.6% | ||
| Q2 25 | 9.4% | 6.7% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 10.5% |
每股收益（稀释后）DOCUTPH
| Q4 25 | $0.40 | $0.70 | ||
| Q3 25 | $0.30 | $0.64 | ||
| Q2 25 | $0.34 | $0.68 | ||
| Q1 25 | — | $0.70 | ||
| Q4 24 | — | $1.37 | ||
| Q3 24 | — | $1.18 | ||
| Q2 24 | — | $1.25 | ||
| Q1 24 | — | $1.03 |
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 | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $3.3B |
| 总资产 | $4.0B | $5.0B |
| 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DOCUTPH
| Q4 25 | $583.3M | $982.8M | ||
| Q3 25 | $600.0M | $792.0M | ||
| Q2 25 | $657.4M | $622.6M | ||
| Q1 25 | — | $812.9M | ||
| Q4 24 | — | $970.0M | ||
| Q3 24 | — | $676.0M | ||
| Q2 24 | — | $492.9M | ||
| Q1 24 | — | $944.0M |
总债务DOCUTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCUTPH
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $2.0B | $3.3B | ||
| Q2 25 | $2.0B | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.0B |
总资产DOCUTPH
| Q4 25 | $4.0B | $5.0B | ||
| Q3 25 | $3.9B | $5.0B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | — | $4.8B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $5.0B |
负债/权益比DOCUTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $213.2M |
| 自由现金流率自由现金流/营收 | 32.1% | 21.9% |
| 资本支出强度资本支出/营收 | 3.3% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.47× | 3.67× |
| 过去12个月自由现金流最近4个季度 | — | $128.5M |
8季度趋势，按日历期对齐
经营现金流DOCUTPH
| Q4 25 | $290.3M | $221.0M | ||
| Q3 25 | $246.1M | $45.9M | ||
| Q2 25 | $251.4M | $-74.3M | ||
| Q1 25 | — | $-31.2M | ||
| Q4 24 | — | $360.3M | ||
| Q3 24 | — | $167.9M | ||
| Q2 24 | — | $23.1M | ||
| Q1 24 | — | $144.7M |
自由现金流DOCUTPH
| Q4 25 | $262.9M | $213.2M | ||
| Q3 25 | $217.6M | $39.1M | ||
| Q2 25 | $227.8M | $-84.5M | ||
| Q1 25 | — | $-39.3M | ||
| Q4 24 | — | $355.9M | ||
| Q3 24 | — | $161.5M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $138.3M |
自由现金流率DOCUTPH
| Q4 25 | 32.1% | 21.9% | ||
| Q3 25 | 27.2% | 4.6% | ||
| Q2 25 | 29.8% | -9.4% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 14.7% |
资本支出强度DOCUTPH
| Q4 25 | 3.3% | 0.8% | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.7% |
现金转化率DOCUTPH
| Q4 25 | 3.47× | 3.67× | ||
| Q3 25 | 3.91× | 0.82× | ||
| Q2 25 | 3.49× | -1.22× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
