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DOCUSIGN, INC.（DOCU）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是DOCUSIGN, INC.的1.1倍（$871.9M vs $818.4M），DOCUSIGN, INC.净利率更高（10.2% vs 2.2%，领先8.1%），Worthington Steel, Inc.同比增速更快（18.0% vs 8.4%），DOCUSIGN, INC.自由现金流更多（$262.9M vs $74.6M）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
DOCU vs WS — 直观对比
营收规模更大
WS
是对方的1.1倍
$818.4M
营收增速更快
WS
高出9.6%
8.4%
净利率更高
DOCU
高出8.1%
2.2%
自由现金流更多
DOCU
多$188.3M
$74.6M
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $818.4M | $871.9M |
| 净利润 | $83.7M | $18.8M |
| 毛利率 | 79.2% | 10.7% |
| 营业利润率 | 10.4% | 2.5% |
| 净利率 | 10.2% | 2.2% |
| 营收同比 | 8.4% | 18.0% |
| 净利润同比 | 34.1% | 46.9% |
| 每股收益（稀释后） | $0.40 | $0.37 |
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DOCUWS
| Q4 25 | $818.4M | $871.9M | ||
| Q3 25 | $800.6M | $872.9M | ||
| Q2 25 | $763.7M | $832.9M | ||
| Q1 25 | — | $687.4M | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | — | $834.0M | ||
| Q1 24 | — | $805.8M | ||
| Q4 23 | — | $808.0M |
净利润DOCUWS
| Q4 25 | $83.7M | $18.8M | ||
| Q3 25 | $63.0M | $36.8M | ||
| Q2 25 | $72.1M | $55.7M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | — | $28.4M | ||
| Q1 24 | — | $49.0M | ||
| Q4 23 | — | $-6.0M |
毛利率DOCUWS
| Q4 25 | 79.2% | 10.7% | ||
| Q3 25 | 79.3% | 13.2% | ||
| Q2 25 | 79.4% | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q1 24 | — | 14.9% | ||
| Q4 23 | — | 7.5% |
营业利润率DOCUWS
| Q4 25 | 10.4% | 2.5% | ||
| Q3 25 | 8.1% | 5.5% | ||
| Q2 25 | 7.9% | 8.0% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 5.2% | ||
| Q1 24 | — | 8.2% | ||
| Q4 23 | — | -1.1% |
净利率DOCUWS
| Q4 25 | 10.2% | 2.2% | ||
| Q3 25 | 7.9% | 4.2% | ||
| Q2 25 | 9.4% | 6.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 3.4% | ||
| Q1 24 | — | 6.1% | ||
| Q4 23 | — | -0.7% |
每股收益（稀释后）DOCUWS
| Q4 25 | $0.40 | $0.37 | ||
| Q3 25 | $0.30 | $0.72 | ||
| Q2 25 | $0.34 | $1.11 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | — | $0.56 | ||
| Q1 24 | — | $0.98 | ||
| Q4 23 | — | $-0.12 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $2.0B | $1.1B |
| 总资产 | $4.0B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资DOCUWS
| Q4 25 | $583.3M | $89.8M | ||
| Q3 25 | $600.0M | $78.3M | ||
| Q2 25 | $657.4M | $38.0M | ||
| Q1 25 | — | $63.3M | ||
| Q4 24 | — | $52.0M | ||
| Q3 24 | — | $36.0M | ||
| Q1 24 | — | $60.8M | ||
| Q4 23 | — | $214.4M |
总债务DOCUWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q1 24 | — | $147.2M | ||
| Q4 23 | — | $195.0M |
股东权益DOCUWS
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q1 24 | — | $937.6M | ||
| Q4 23 | — | $1.0B |
总资产DOCUWS
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B | ||
| Q4 23 | — | $1.9B |
负债/权益比DOCUWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q1 24 | — | 0.16× | ||
| Q4 23 | — | 0.19× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $262.9M | $74.6M |
| 自由现金流率自由现金流/营收 | 32.1% | 8.6% |
| 资本支出强度资本支出/营收 | 3.3% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.47× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流DOCUWS
| Q4 25 | $290.3M | $99.3M | ||
| Q3 25 | $246.1M | $-6.3M | ||
| Q2 25 | $251.4M | $53.9M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $54.6M | ||
| Q1 24 | — | $44.7M | ||
| Q4 23 | — | $139.9M |
自由现金流DOCUWS
| Q4 25 | $262.9M | $74.6M | ||
| Q3 25 | $217.6M | $-35.7M | ||
| Q2 25 | $227.8M | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q1 24 | — | $22.3M | ||
| Q4 23 | — | $121.0M |
自由现金流率DOCUWS
| Q4 25 | 32.1% | 8.6% | ||
| Q3 25 | 27.2% | -4.1% | ||
| Q2 25 | 29.8% | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q1 24 | — | 2.8% | ||
| Q4 23 | — | 15.0% |
资本支出强度DOCUWS
| Q4 25 | 3.3% | 2.8% | ||
| Q3 25 | 3.6% | 3.4% | ||
| Q2 25 | 3.1% | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q1 24 | — | 2.8% | ||
| Q4 23 | — | 2.3% |
现金转化率DOCUWS
| Q4 25 | 3.47× | 5.28× | ||
| Q3 25 | 3.91× | -0.17× | ||
| Q2 25 | 3.49× | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | — | 1.92× | ||
| Q1 24 | — | 0.91× | ||
| Q4 23 | — | — |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
