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DOCUSIGN, INC.（DOCU）与WORKIVA INC（WK）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WORKIVA INC的3.3倍（$818.4M vs $247.3M），DOCUSIGN, INC.净利率更高（10.2% vs 7.7%，领先2.5%），WORKIVA INC同比增速更快（19.9% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $25.7M）
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。
Workiva Inc.是一家全球知名的SaaS企业，主打云原生关联报告合规平台，支持关联数据调用与报告流程自动化，可广泛应用于财务、会计、风险及合规等多个业务场景，助力企业提升运营效率与合规管理水平。
DOCU vs WK — 直观对比
营收规模更大
DOCU
是对方的3.3倍
$247.3M
营收增速更快
WK
高出11.5%
8.4%
净利率更高
DOCU
高出2.5%
7.7%
自由现金流更多
DOCU
多$237.2M
$25.7M
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $247.3M |
| 净利润 | $83.7M | $19.0M |
| 毛利率 | 79.2% | 80.4% |
| 营业利润率 | 10.4% | 25.8% |
| 净利率 | 10.2% | 7.7% |
| 营收同比 | 8.4% | 19.9% |
| 净利润同比 | 34.1% | — |
| 每股收益（稀释后） | $0.40 | $0.33 |
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DOCUWK
| Q1 26 | — | $247.3M | ||
| Q4 25 | $818.4M | $238.9M | ||
| Q3 25 | $800.6M | $224.2M | ||
| Q2 25 | $763.7M | $215.2M | ||
| Q1 25 | — | $206.3M | ||
| Q4 24 | — | $199.9M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $177.5M |
净利润DOCUWK
| Q1 26 | — | $19.0M | ||
| Q4 25 | $83.7M | $11.8M | ||
| Q3 25 | $63.0M | $2.8M | ||
| Q2 25 | $72.1M | $-19.4M | ||
| Q1 25 | — | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | — | $-17.0M | ||
| Q2 24 | — | $-17.5M |
毛利率DOCUWK
| Q1 26 | — | 80.4% | ||
| Q4 25 | 79.2% | 80.7% | ||
| Q3 25 | 79.3% | 79.3% | ||
| Q2 25 | 79.4% | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
营业利润率DOCUWK
| Q1 26 | — | 25.8% | ||
| Q4 25 | 10.4% | 3.3% | ||
| Q3 25 | 8.1% | -1.5% | ||
| Q2 25 | 7.9% | -10.3% | ||
| Q1 25 | — | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -13.0% |
净利率DOCUWK
| Q1 26 | — | 7.7% | ||
| Q4 25 | 10.2% | 4.9% | ||
| Q3 25 | 7.9% | 1.2% | ||
| Q2 25 | 9.4% | -9.0% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | -9.9% |
每股收益（稀释后）DOCUWK
| Q1 26 | — | $0.33 | ||
| Q4 25 | $0.40 | $0.21 | ||
| Q3 25 | $0.30 | $0.05 | ||
| Q2 25 | $0.34 | $-0.35 | ||
| Q1 25 | — | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.32 |
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 | $334.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $4.0B | $1.4B |
| 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DOCUWK
| Q1 26 | — | $334.3M | ||
| Q4 25 | $583.3M | $338.8M | ||
| Q3 25 | $600.0M | $315.9M | ||
| Q2 25 | $657.4M | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M |
股东权益DOCUWK
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $-5.4M | ||
| Q3 25 | $2.0B | $-36.9M | ||
| Q2 25 | $2.0B | $-66.5M | ||
| Q1 25 | — | $-75.7M | ||
| Q4 24 | — | $-41.7M | ||
| Q3 24 | — | $-50.8M | ||
| Q2 24 | — | $-77.7M |
总资产DOCUWK
| Q1 26 | — | $1.4B | ||
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.2B |
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 | $25.7M |
| 自由现金流率自由现金流/营收 | 32.1% | 10.4% |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | — | $171.9M |
8季度趋势，按日历期对齐
经营现金流DOCUWK
| Q1 26 | — | — | ||
| Q4 25 | $290.3M | $51.0M | ||
| Q3 25 | $246.1M | $46.2M | ||
| Q2 25 | $251.4M | $50.3M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | — | $18.9M | ||
| Q2 24 | — | $-14.0K |
自由现金流DOCUWK
| Q1 26 | — | $25.7M | ||
| Q4 25 | $262.9M | $50.7M | ||
| Q3 25 | $217.6M | $46.1M | ||
| Q2 25 | $227.8M | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
自由现金流率DOCUWK
| Q1 26 | — | 10.4% | ||
| Q4 25 | 32.1% | 21.2% | ||
| Q3 25 | 27.2% | 20.5% | ||
| Q2 25 | 29.8% | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
资本支出强度DOCUWK
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 0.1% | ||
| Q3 25 | 3.6% | 0.0% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
现金转化率DOCUWK
| Q1 26 | — | — | ||
| Q4 25 | 3.47× | 4.31× | ||
| Q3 25 | 3.91× | 16.57× | ||
| Q2 25 | 3.49× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 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% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
