vs
DOCUSIGN, INC.（DOCU）与TTEC Holdings, Inc.（TTEC）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TTEC Holdings, Inc.的1.4倍（$818.4M vs $570.0M），DOCUSIGN, INC.净利率更高（10.2% vs -29.9%，领先40.2%），DOCUSIGN, INC.同比增速更快（8.4% vs 0.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $-9.2M）
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。
TTEC Holdings, Inc.是一家提供客户体验技术与服务的美国企业，总部运营中心位于得克萨斯州奥斯汀，专注为各行业客户打造全链路客户体验解决方案，凭借专业技术与服务能力深耕全球客户体验服务领域多年。
DOCU vs TTEC — 直观对比
营收规模更大
DOCU
是对方的1.4倍
$570.0M
营收增速更快
DOCU
高出8.0%
0.4%
净利率更高
DOCU
高出40.2%
-29.9%
自由现金流更多
DOCU
多$272.1M
$-9.2M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $570.0M |
| 净利润 | $83.7M | $-170.5M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | -30.3% |
| 净利率 | 10.2% | -29.9% |
| 营收同比 | 8.4% | 0.4% |
| 净利润同比 | 34.1% | -3791.9% |
| 每股收益（稀释后） | $0.40 | $-3.57 |
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DOCUTTEC
| Q4 25 | $818.4M | $570.0M | ||
| Q3 25 | $800.6M | $519.1M | ||
| Q2 25 | $763.7M | $513.6M | ||
| Q1 25 | — | $534.2M | ||
| Q4 24 | — | $567.4M | ||
| Q3 24 | — | $529.4M | ||
| Q2 24 | — | $534.1M | ||
| Q1 24 | — | $576.6M |
净利润DOCUTTEC
| Q4 25 | $83.7M | $-170.5M | ||
| Q3 25 | $63.0M | $-13.4M | ||
| Q2 25 | $72.1M | $-8.0M | ||
| Q1 25 | — | $1.4M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $-21.1M | ||
| Q2 24 | — | $-299.5M | ||
| Q1 24 | — | $-2.3M |
毛利率DOCUTTEC
| 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DOCUTTEC
| Q4 25 | 10.4% | -30.3% | ||
| Q3 25 | 8.1% | 2.4% | ||
| Q2 25 | 7.9% | 3.7% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | -42.0% | ||
| Q1 24 | — | 3.9% |
净利率DOCUTTEC
| Q4 25 | 10.2% | -29.9% | ||
| Q3 25 | 7.9% | -2.6% | ||
| Q2 25 | 9.4% | -1.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | -4.0% | ||
| Q2 24 | — | -56.1% | ||
| Q1 24 | — | -0.4% |
每股收益（稀释后）DOCUTTEC
| Q4 25 | $0.40 | $-3.57 | ||
| Q3 25 | $0.30 | $-0.28 | ||
| Q2 25 | $0.34 | $-0.17 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.44 | ||
| Q2 24 | — | $-6.30 | ||
| Q1 24 | — | $-0.05 |
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 | $82.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $112.9M |
| 总资产 | $4.0B | $1.5B |
| 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DOCUTTEC
| Q4 25 | $583.3M | $82.9M | ||
| Q3 25 | $600.0M | $73.5M | ||
| Q2 25 | $657.4M | $82.6M | ||
| Q1 25 | — | $85.1M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $96.9M | ||
| Q2 24 | — | $79.8M | ||
| Q1 24 | — | $91.5M |
股东权益DOCUTTEC
| Q4 25 | $2.0B | $112.9M | ||
| Q3 25 | $2.0B | $280.8M | ||
| Q2 25 | $2.0B | $295.2M | ||
| Q1 25 | — | $281.5M | ||
| Q4 24 | — | $268.1M | ||
| Q3 24 | — | $295.1M | ||
| Q2 24 | — | $304.2M | ||
| Q1 24 | — | $612.4M |
总资产DOCUTTEC
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.9B | $1.7B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.1B |
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 | $2.6M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $-9.2M |
| 自由现金流率自由现金流/营收 | 32.1% | -1.6% |
| 资本支出强度资本支出/营收 | 3.3% | 2.1% |
| 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 | — | $83.0M |
8季度趋势，按日历期对齐
经营现金流DOCUTTEC
| Q4 25 | $290.3M | $2.6M | ||
| Q3 25 | $246.1M | $4.2M | ||
| Q2 25 | $251.4M | $92.7M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $-1.1M | ||
| Q3 24 | — | $-91.4M | ||
| Q2 24 | — | $49.3M | ||
| Q1 24 | — | $-15.6M |
自由现金流DOCUTTEC
| Q4 25 | $262.9M | $-9.2M | ||
| Q3 25 | $217.6M | $-9.6M | ||
| Q2 25 | $227.8M | $85.5M | ||
| Q1 25 | — | $16.2M | ||
| Q4 24 | — | $-9.8M | ||
| Q3 24 | — | $-100.2M | ||
| Q2 24 | — | $35.1M | ||
| Q1 24 | — | $-29.1M |
自由现金流率DOCUTTEC
| Q4 25 | 32.1% | -1.6% | ||
| Q3 25 | 27.2% | -1.8% | ||
| Q2 25 | 29.8% | 16.7% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | -1.7% | ||
| Q3 24 | — | -18.9% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | -5.0% |
资本支出强度DOCUTTEC
| Q4 25 | 3.3% | 2.1% | ||
| Q3 25 | 3.6% | 2.7% | ||
| Q2 25 | 3.1% | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.3% |
现金转化率DOCUTTEC
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | 15.60× | ||
| Q4 24 | — | -0.24× | ||
| 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% |
TTEC
| Ttec Engage | $444.5M | 78% |
| Ttec Digital | $125.5M | 22% |
