DocuSign DOCU Ratios & Valuation
| FY'26 | FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 79.4%+0.3pp | 79.1%-0.2pp | 79.3%+0.6pp | 78.7%+0.8pp | |
| Operating margin | 9.3%+2.6pp | 6.7%+5.6pp | 1.1%+4.6pp | -3.5%-0.6pp | |
| Net margin | 9.6%-26.3pp | 35.9%+33.2pp | 2.7%+6.7pp | -4.1%-0.7pp | |
| EBITDA margin | 12.9%+2.5pp | 10.3%+5.8pp | 4.6%+4.7pp | -0.1%-1.0pp | |
| Free cash flow margin | 32.9%+2.0pp | 30.9%-1.2pp | 32.1%+15.1pp | 17.1%-4.1pp | |
| Returns | |||||
| Return on equity | 15.8%-52.4pp | 68.2%+59.7pp | 8.5%+31.4pp | -22.9%+0.4pp | |
| Return on assets | 7.5%-23.1pp | 30.6%+28.1pp | 2.5%+6.2pp | -3.7%-0.8pp | |
| Return on invested capital | 15.6%-0.5pp | 16.1%+13.2pp | 2.8%+21.0pp | -18.1%+22.1pp | |
| Efficiency | |||||
| Asset turnover | 0.8×-0.1× | 0.9×-0.1× | 0.9×0.0× | 0.9×0.0× | |
| Liquidity | |||||
| Current ratio | 0.7×-0.1× | 0.8×-0.1× | 0.9×+0.2× | 0.7×-0.2× | |
| Quick ratio | 0.7×-0.1× | 0.8×-0.1× | 0.9×+0.2× | 0.7×-0.2× | |
| Cash ratio | 0.2×-0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Leverage | |||||
| Debt-to-equity | 0.1×0.0× | 0.1×-0.1× | 0.1×-1.3× | 1.4×+0.8× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×-0.2× | 0.3×+0.2× | |
| Net debt / EBITDA | -0.4×+0.7× | -1.1×+1.3× | -2.4×— | —— | |
| Interest coverage | 117.3×-11.7× | 129×+124× | 4.6×+18.4× | -13.8×-4.2× | |
| Per Share | |||||
| Book value per share | $9.17-3.7% | $9.52+76.1% | $5.41+76.0% | $3.07+119% | |
| Valuation | |||||
| Market capitalization | $10.52B-46.2% | $19.54B+57.3% | $12.42B+1.9% | $12.19B-51.0% | |
| Enterprise value | $10.35B-46.1% | $19.2B+58.4% | $12.12B-3.0% | $12.5B-49.3% | |
| Price / earnings | 34×+15.7× | 18.3×-150× | 167.9×— | —— | |
| Price / sales | 3.3×-3.3× | 6.6×+2.1× | 4.5×-0.3× | 4.8×-7.0× | |
| Price / book | 5.5×-4.3× | 9.8×-1.2× | 11×-8.8× | 19.8×-70.6× | |
| EV / EBITDA | 25×-37.4× | 62.4×-33.3× | 95.7×— | —— | |
| EV / sales | 3.2×-3.2× | 6.5×+2.1× | 4.4×-0.6× | 5×-6.7× | |
| Free cash flow yield | 10.1%+5.4pp | 4.7%-2.4pp | 7.1%+3.6pp | 3.5%+1.7pp | |
| Earnings yield | 2.9%-2.5pp | 5.5%+4.9pp | 0.6%+1.4pp | -0.8%-0.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are DocuSign's profit margins?
- DocuSign (DOCU) runs a 79.4% gross margin and a 10.6% operating margin, with a 9.6% net margin.
- Where do DocuSign's ratios come from?
- Every ratio is computed from DocuSign's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
