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DOCUSIGN, INC.（DOCU）与ServiceTitan, Inc.（TTAN）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是ServiceTitan, Inc.的3.3倍（$818.4M vs $249.2M），DOCUSIGN, INC.净利率更高（10.2% vs -15.9%，领先26.1%），ServiceTitan, Inc.同比增速更快（25.0% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $42.2M）
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。
Alphabet Inc.是总部位于美国加利福尼亚州山景城的跨国科技集团控股企业，2015年10月2日通过谷歌重组设立，为谷歌及原谷歌旗下多家子公司的母公司。其两股普通股GOOGL、GOOG均在纳斯达克大盘板块上市，是标普500、纳斯达克100等主流股指的成分股。
DOCU vs TTAN — 直观对比
营收规模更大
DOCU
是对方的3.3倍
$249.2M
营收增速更快
TTAN
高出16.6%
8.4%
净利率更高
DOCU
高出26.1%
-15.9%
自由现金流更多
DOCU
多$220.7M
$42.2M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $249.2M |
| 净利润 | $83.7M | $-39.5M |
| 毛利率 | 79.2% | 70.8% |
| 营业利润率 | 10.4% | -16.9% |
| 净利率 | 10.2% | -15.9% |
| 营收同比 | 8.4% | 25.0% |
| 净利润同比 | 34.1% | 14.9% |
| 每股收益（稀释后） | $0.40 | $-0.42 |
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DOCUTTAN
| Q4 25 | $818.4M | $249.2M | ||
| Q3 25 | $800.6M | $242.1M | ||
| Q2 25 | $763.7M | $215.7M | ||
| Q1 25 | — | $209.3M | ||
| Q4 24 | — | $199.3M | ||
| Q2 24 | — | $170.3M |
净利润DOCUTTAN
| Q4 25 | $83.7M | $-39.5M | ||
| Q3 25 | $63.0M | $-32.2M | ||
| Q2 25 | $72.1M | $-46.4M | ||
| Q1 25 | — | $-100.9M | ||
| Q4 24 | — | $-46.5M | ||
| Q2 24 | — | $-56.0M |
毛利率DOCUTTAN
| Q4 25 | 79.2% | 70.8% | ||
| Q3 25 | 79.3% | 70.8% | ||
| Q2 25 | 79.4% | 68.8% | ||
| Q1 25 | — | 66.0% | ||
| Q4 24 | — | 65.2% | ||
| Q2 24 | — | 62.2% |
营业利润率DOCUTTAN
| Q4 25 | 10.4% | -16.9% | ||
| Q3 25 | 8.1% | -14.4% | ||
| Q2 25 | 7.9% | -23.0% | ||
| Q1 25 | — | -47.7% | ||
| Q4 24 | — | -22.1% | ||
| Q2 24 | — | -31.4% |
净利率DOCUTTAN
| Q4 25 | 10.2% | -15.9% | ||
| Q3 25 | 7.9% | -13.3% | ||
| Q2 25 | 9.4% | -21.5% | ||
| Q1 25 | — | -48.2% | ||
| Q4 24 | — | -23.3% | ||
| Q2 24 | — | -32.9% |
每股收益（稀释后）DOCUTTAN
| Q4 25 | $0.40 | $-0.42 | ||
| Q3 25 | $0.30 | $-0.35 | ||
| Q2 25 | $0.34 | $-0.51 | ||
| Q1 25 | — | $-3.34 | ||
| Q4 24 | — | $-1.74 | ||
| Q2 24 | — | $-2.02 |
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 | $493.2M |
| 总债务越低越好 | — | $103.6M |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $4.0B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资DOCUTTAN
| Q4 25 | $583.3M | $493.2M | ||
| Q3 25 | $600.0M | $471.5M | ||
| Q2 25 | $657.4M | $420.3M | ||
| Q1 25 | — | $441.8M | ||
| Q4 24 | — | $133.8M | ||
| Q2 24 | — | $116.2M |
总债务DOCUTTAN
| Q4 25 | — | $103.6M | ||
| Q3 25 | — | $103.7M | ||
| Q2 25 | — | $103.9M | ||
| Q1 25 | — | $104.0M | ||
| Q4 24 | — | $174.2M | ||
| Q2 24 | — | — |
股东权益DOCUTTAN
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $-576.8M | ||
| Q2 24 | — | $-506.0M |
总资产DOCUTTAN
| Q4 25 | $4.0B | $1.8B | ||
| Q3 25 | $3.9B | $1.8B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q2 24 | — | — |
负债/权益比DOCUTTAN
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | — | ||
| Q2 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 | $43.8M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 32.1% | 16.9% |
| 资本支出强度资本支出/营收 | 3.3% | 0.6% |
| 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DOCUTTAN
| Q4 25 | $290.3M | $43.8M | ||
| Q3 25 | $246.1M | $40.3M | ||
| Q2 25 | $251.4M | $-14.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $15.5M | ||
| Q2 24 | — | $-19.2M |
自由现金流DOCUTTAN
| Q4 25 | $262.9M | $42.2M | ||
| Q3 25 | $217.6M | $39.2M | ||
| Q2 25 | $227.8M | $-15.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $14.5M | ||
| Q2 24 | — | $-19.9M |
自由现金流率DOCUTTAN
| Q4 25 | 32.1% | 16.9% | ||
| Q3 25 | 27.2% | 16.2% | ||
| Q2 25 | 29.8% | -7.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 7.3% | ||
| Q2 24 | — | -11.7% |
资本支出强度DOCUTTAN
| Q4 25 | 3.3% | 0.6% | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | 3.1% | 0.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率DOCUTTAN
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q2 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% |
TTAN
| Subscription Revenue | $182.8M | 73% |
| Usage Revenue | $56.8M | 23% |
| Professional Services And Other Revenue | $9.6M | 4% |
