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DocuSign DOCU Ratios & Valuation

FY'26FY'25FY'24FY'23
Profitability
Gross margin79.4%+0.3pp79.1%-0.2pp79.3%+0.6pp78.7%+0.8pp
Operating margin9.3%+2.6pp6.7%+5.6pp1.1%+4.6pp-3.5%-0.6pp
Net margin9.6%-26.3pp35.9%+33.2pp2.7%+6.7pp-4.1%-0.7pp
EBITDA margin12.9%+2.5pp10.3%+5.8pp4.6%+4.7pp-0.1%-1.0pp
Free cash flow margin32.9%+2.0pp30.9%-1.2pp32.1%+15.1pp17.1%-4.1pp
Returns
Return on equity15.8%-52.4pp68.2%+59.7pp8.5%+31.4pp-22.9%+0.4pp
Return on assets7.5%-23.1pp30.6%+28.1pp2.5%+6.2pp-3.7%-0.8pp
Return on invested capital15.6%-0.5pp16.1%+13.2pp2.8%+21.0pp-18.1%+22.1pp
Efficiency
Asset turnover0.8×-0.1×0.9×-0.1×0.9×0.0×0.9×0.0×
Liquidity
Current ratio0.7×-0.1×0.8×-0.1×0.9×+0.2×0.7×-0.2×
Quick ratio0.7×-0.1×0.8×-0.1×0.9×+0.2×0.7×-0.2×
Cash ratio0.2×-0.1×0.3×0.0×0.3×0.0×0.3×0.0×
Leverage
Debt-to-equity0.1×0.0×0.1×-0.1×0.1×-1.3×1.4×+0.8×
Debt-to-assets0.0×0.0×-0.2×0.3×+0.2×
Net debt / EBITDA-0.4×+0.7×-1.1×+1.3×-2.4×
Interest coverage117.3×-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 / earnings34×+15.7×18.3×-150×167.9×
Price / sales3.3×-3.3×6.6×+2.1×4.5×-0.3×4.8×-7.0×
Price / book5.5×-4.3×9.8×-1.2×11×-8.8×19.8×-70.6×
EV / EBITDA25×-37.4×62.4×-33.3×95.7×
EV / sales3.2×-3.2×6.5×+2.1×4.4×-0.6×-6.7×
Free cash flow yield10.1%+5.4pp4.7%-2.4pp7.1%+3.6pp3.5%+1.7pp
Earnings yield2.9%-2.5pp5.5%+4.9pp0.6%+1.4pp-0.8%-0.6pp

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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.