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DOCUSIGN, INC.（DOCU）与WERNER ENTERPRISES INC（WERN）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WERNER ENTERPRISES INC的1.0倍（$818.4M vs $808.6M），DOCUSIGN, INC.净利率更高（10.2% vs -0.5%，领先10.8%），WERNER ENTERPRISES INC同比增速更快（13.6% vs 8.4%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
DOCU vs WERN — 直观对比
营收规模更大
DOCU
是对方的1.0倍
$808.6M
营收增速更快
WERN
高出5.1%
8.4%
净利率更高
DOCU
高出10.8%
-0.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $808.6M |
| 净利润 | $83.7M | $-4.3M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 10.4% | 75.5% |
| 净利率 | 10.2% | -0.5% |
| 营收同比 | 8.4% | 13.6% |
| 净利润同比 | 34.1% | 57.8% |
| 每股收益（稀释后） | $0.40 | $-0.07 |
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DOCUWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $818.4M | $719.9M | ||
| Q3 25 | $800.6M | $752.2M | ||
| Q2 25 | $763.7M | $734.1M | ||
| Q1 25 | — | $693.4M | ||
| Q4 24 | — | $736.6M | ||
| Q3 24 | — | $726.3M | ||
| Q2 24 | — | $742.7M |
净利润DOCUWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $83.7M | $-27.8M | ||
| Q3 25 | $63.0M | $-20.6M | ||
| Q2 25 | $72.1M | $44.1M | ||
| Q1 25 | — | $-10.1M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | — | $6.6M | ||
| Q2 24 | — | $9.5M |
毛利率DOCUWERN
| Q1 26 | — | — | ||
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.3% | — | ||
| Q2 25 | 79.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率DOCUWERN
| Q1 26 | — | 75.5% | ||
| Q4 25 | 10.4% | -5.0% | ||
| Q3 25 | 8.1% | -1.7% | ||
| Q2 25 | 7.9% | 9.0% | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.6% |
净利率DOCUWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | 10.2% | -3.9% | ||
| Q3 25 | 7.9% | -2.7% | ||
| Q2 25 | 9.4% | 6.0% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% |
每股收益（稀释后）DOCUWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.40 | $-0.46 | ||
| Q3 25 | $0.30 | $-0.34 | ||
| Q2 25 | $0.34 | $0.72 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.15 |
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 | $61.5M |
| 总债务越低越好 | — | $878.2M |
| 股东权益账面价值 | $2.0B | $1.4B |
| 总资产 | $4.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DOCUWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $583.3M | $59.9M | ||
| Q3 25 | $600.0M | $51.0M | ||
| Q2 25 | $657.4M | $51.4M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $70.4M |
总债务DOCUWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | — | $752.0M | ||
| Q3 25 | — | $725.0M | ||
| Q2 25 | — | $725.0M | ||
| Q1 25 | — | $640.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $690.0M | ||
| Q2 24 | — | $670.0M |
股东权益DOCUWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
总资产DOCUWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $4.0B | $2.9B | ||
| Q3 25 | $3.9B | $3.0B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
负债/权益比DOCUWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.46× |
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% | 0.2% |
| 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DOCUWERN
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $62.3M | ||
| Q3 25 | $246.1M | $44.1M | ||
| Q2 25 | $251.4M | $46.0M | ||
| Q1 25 | — | $29.4M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $61.0M | ||
| Q2 24 | — | $109.1M |
自由现金流DOCUWERN
| Q1 26 | — | — | ||
| Q4 25 | $262.9M | $-23.5M | ||
| Q3 25 | $217.6M | $-8.6M | ||
| Q2 25 | $227.8M | $-42.3M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $-9.8M | ||
| Q3 24 | — | $-73.4M | ||
| Q2 24 | — | $-31.2M |
自由现金流率DOCUWERN
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | -3.3% | ||
| Q3 25 | 27.2% | -1.1% | ||
| Q2 25 | 29.8% | -5.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -1.3% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -4.2% |
资本支出强度DOCUWERN
| Q1 26 | — | 0.2% | ||
| Q4 25 | 3.3% | 11.9% | ||
| Q3 25 | 3.6% | 7.0% | ||
| Q2 25 | 3.1% | 12.0% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 18.9% |
现金转化率DOCUWERN
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | — | ||
| Q3 25 | 3.91× | — | ||
| Q2 25 | 3.49× | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | — | 9.30× | ||
| Q2 24 | — | 11.52× |
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% |
WERN
暂无分部数据
