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DOCUSIGN, INC.（DOCU）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）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ADVANCED DRAINAGE SYSTEMS, INC.的1.2倍（$818.4M vs $693.4M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 10.2%，领先3.3%），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 $183.6M）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
DOCU vs WMS — 直观对比
营收规模更大
DOCU
是对方的1.2倍
$693.4M
营收增速更快
DOCU
高出8.0%
0.4%
净利率更高
WMS
高出3.3%
10.2%
自由现金流更多
DOCU
多$79.3M
$183.6M
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $693.4M |
| 净利润 | $83.7M | $93.6M |
| 毛利率 | 79.2% | 37.4% |
| 营业利润率 | 10.4% | 19.7% |
| 净利率 | 10.2% | 13.5% |
| 营收同比 | 8.4% | 0.4% |
| 净利润同比 | 34.1% | 15.3% |
| 每股收益（稀释后） | $0.40 | $1.19 |
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DOCUWMS
| Q4 25 | $818.4M | $693.4M | ||
| Q3 25 | $800.6M | $850.4M | ||
| Q2 25 | $763.7M | $829.9M | ||
| Q1 25 | — | $615.8M | ||
| Q4 24 | — | $690.5M | ||
| Q3 24 | — | $782.6M | ||
| Q2 24 | — | $815.3M | ||
| Q1 24 | — | $653.8M |
净利润DOCUWMS
| Q4 25 | $83.7M | $93.6M | ||
| Q3 25 | $63.0M | $156.0M | ||
| Q2 25 | $72.1M | $143.9M | ||
| Q1 25 | — | $77.2M | ||
| Q4 24 | — | $81.2M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $94.8M |
毛利率DOCUWMS
| Q4 25 | 79.2% | 37.4% | ||
| Q3 25 | 79.3% | 40.0% | ||
| Q2 25 | 79.4% | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.5% |
营业利润率DOCUWMS
| Q4 25 | 10.4% | 19.7% | ||
| Q3 25 | 8.1% | 26.3% | ||
| Q2 25 | 7.9% | 24.8% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 27.7% | ||
| Q1 24 | — | 20.7% |
净利率DOCUWMS
| Q4 25 | 10.2% | 13.5% | ||
| Q3 25 | 7.9% | 18.3% | ||
| Q2 25 | 9.4% | 17.3% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 19.8% | ||
| Q1 24 | — | 14.5% |
每股收益（稀释后）DOCUWMS
| Q4 25 | $0.40 | $1.19 | ||
| Q3 25 | $0.30 | $1.99 | ||
| Q2 25 | $0.34 | $1.84 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | — | $1.04 | ||
| Q3 24 | — | $1.67 | ||
| Q2 24 | — | $2.06 | ||
| Q1 24 | — | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.9B |
| 总资产 | $4.0B | $4.1B |
| 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DOCUWMS
| Q4 25 | $583.3M | $1.0B | ||
| Q3 25 | $600.0M | $812.9M | ||
| Q2 25 | $657.4M | $638.3M | ||
| Q1 25 | — | $463.3M | ||
| Q4 24 | — | $488.9M | ||
| Q3 24 | — | $613.0M | ||
| Q2 24 | — | $541.6M | ||
| Q1 24 | — | $490.2M |
总债务DOCUWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.3B |
股东权益DOCUWMS
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.2B |
总资产DOCUWMS
| Q4 25 | $4.0B | $4.1B | ||
| Q3 25 | $3.9B | $4.1B | ||
| Q2 25 | $3.9B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.3B |
负债/权益比DOCUWMS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $183.6M |
| 自由现金流率自由现金流/营收 | 32.1% | 26.5% |
| 资本支出强度资本支出/营收 | 3.3% | 12.4% |
| 现金转化率经营现金流/净利润 | 3.47× | 2.88× |
| 过去12个月自由现金流最近4个季度 | — | $577.1M |
8季度趋势，按日历期对齐
经营现金流DOCUWMS
| Q4 25 | $290.3M | $269.3M | ||
| Q3 25 | $246.1M | $234.9M | ||
| Q2 25 | $251.4M | $275.0M | ||
| Q1 25 | — | $41.2M | ||
| Q4 24 | — | $189.9M | ||
| Q3 24 | — | $166.9M | ||
| Q2 24 | — | $183.4M | ||
| Q1 24 | — | $17.7M |
自由现金流DOCUWMS
| Q4 25 | $262.9M | $183.6M | ||
| Q3 25 | $217.6M | $176.4M | ||
| Q2 25 | $227.8M | $222.4M | ||
| Q1 25 | — | $-5.3M | ||
| Q4 24 | — | $135.7M | ||
| Q3 24 | — | $112.4M | ||
| Q2 24 | — | $125.7M | ||
| Q1 24 | — | $-29.8M |
自由现金流率DOCUWMS
| Q4 25 | 32.1% | 26.5% | ||
| Q3 25 | 27.2% | 20.7% | ||
| Q2 25 | 29.8% | 26.8% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | -4.6% |
资本支出强度DOCUWMS
| Q4 25 | 3.3% | 12.4% | ||
| Q3 25 | 3.6% | 6.9% | ||
| Q2 25 | 3.1% | 6.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 7.3% |
现金转化率DOCUWMS
| Q4 25 | 3.47× | 2.88× | ||
| Q3 25 | 3.91× | 1.51× | ||
| Q2 25 | 3.49× | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
