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DOCU DocuSign Inc

NASDAQ
Information Technology
Technology

$74.28

▼ 4.2%

Updated Oct 16, 2:25 PM ET

Report Card

DOCU at a glance — five pillars scored 0–100 from real filed financials.

How the 0–100 rating is calculated
Value
—
Growth
—
Profitability
52
Health
54
Dividends
—

Overall: not rated yet. This stock's fundamentals ratios aren't loaded, so only the pillars its filings support are scored.

Key Metrics

Market Cap

—

P/E

—

Forward P/E (est.)

—

ROE

—

Revenue Growth

—

EPS Growth

—

Profit Margin

—

FCF Yield

—

Debt / Equity

—

ROIC

13.0%

Interest Coverage

43.63x

Current Ratio

0.66x

Dividend Yield

—

Implied Growth (rev. DCF)

—

Rating Score

Not rated

Business Overview

Research

DocuSign Inc (DOCU) is a NASDAQ-listed company in the Technology industry, within the Information Technology sector.

In its latest reported year it generated about $3.22B in revenue and $309.08M in net profit.

Our model hasn't rated DOCU yet because its fundamentals ratios (P/E, margins, returns on capital, leverage) aren't loaded. Any financial history below comes straight from its SEC filings and refreshes automatically.

Economic Moat

Evidence of durable competitive advantage in the filed financials (10 years of history).

Profit margins and economic moats, explained
Wide moat signalsMoat evidence score: 82/100

The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.

Gross margin level100/100

79.3% average over the last 3 years

Gross margin stability69/100

±2.5 pts around 76.7% across 10 years

Revenue durability100/100

grew in 9 of the last 9 year-over-year periods

Free-cash-flow consistency80/100

positive in 9 of 10 years

Return on invested capital40/100

13.0% latest fiscal year

A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.

Revenue Growth

Research
How to read an income statement

4Y CAGR

11.2%

Revenue moved from $381.46M in 2017 to $3.22B in 2026, a 26.7% compound annual growth rate. The most recent year was roughly steady year over year. Slower, mature growth is common for established businesses.

1/1 checks passedROIC above 10%

Gross Margin

79.4%

Operating Margin

9.3%

Net Margin

9.6%

ROE

—

Debt Analysis

Research
1/2 checks passedInterest covered 3×+Short-term bills covered

Total Debt

—

Net Debt

—

Net Debt / EBITDA

—

Debt / Equity

—

Leverage: debt-to-equity is n/a, and operating profit covers interest about 43.6x, with a current ratio of 0.7x. Detailed balance-sheet leverage is limited for this name.

Cash Flow Analysis

Research

Operating CF

$1.17B

Free Cash Flow

$1.06B

FCF Margin

32.9%

In the latest year DocuSign Inc produced about $1.17B of operating cash flow and $1.06B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis

Research
What is a reasonable P/E ratio?
1/1 checks passedTrading below DCF fair value

P/E

—

P/S

—

P/B

—

EV / EBITDA

—

DOCU trades at n/a trailing earnings. Its valuation ratios aren't loaded yet, so there is no P/E to judge here.

DCF Fair Value (Educational)

A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.

How this DCF estimate is calculated

DCF fair value / share

$95.18

Current price

$74.28

+28% · Below fair-value estimate

Starting FCF (latest 10-K)

$1.06B

Growth, years 1–5

4.0%

Fade to terminal, years 6–10

2.5%

Discount rate

9.0%

PV of 10-yr free cash flow$8.18B
PV of terminal value$9.99B
Estimated equity value$18.17B
Shares outstanding191M

Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.

Metrics vs. Sector Range

Where DOCU sits versus the Information Technology companies we cover.

TTM P/E
——
Forward P/E
——
P/S ratio
——
Revenue growth
——
EPS growth
——
Gross margin
79.4%Strong
Net margin
——
ROE
——

Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.

Sector Peer Comparison

How DOCU stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.

DOCU doesn't have a model rating yet (its fundamentals ratios aren't loaded), so it isn't ranked against the 98 rated Information Technology companies we cover.

P/E vs sector

—

median 36.2x

ROE vs sector

—

median 17.5%

Growth vs sector

—

median 17.7%

Sector rank

—

not rated yet

CompanyP/ERev Gr.Rating
DOCUThis stock——Not rated
GWRE70.5x24.9%Neutral· 52
FIG——Weak· 29
U—7.5%Weak· 22
DT80.2x18.8%Weak· 38
DOCN58x17.6%Neutral· 47
GIB11.7x7.9%Neutral· 54
CRCL—51.5%Neutral· 50
Information Technology median36.2x17.7%58/100

Valuation vs. quality map

sector medianGWREDTDOCNGIBP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Information Technology companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 98 rated companies among the 230 Information Technology stocks we cover. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

What drives this projection, and its limits

2030 scenario price range (Base Case)

$29.73 – $49.55

vs. $74.28 today · implied CAGR -17% – -8%

Metric20262027202820292030
Revenue$3.48B$3.76B$4.06B$4.38B$4.73B
Net income$347.71M$375.52M$405.56M$438.01M$473.05M
EPS$1.82$1.97$2.12$2.29$2.48
Share price (low)$21.85$23.60$25.49$27.53$29.73
Share price (high)$36.42$39.33$42.48$45.88$49.55
CAGR (low–high)-71% / -51%-44% / -27%-30% / -17%-22% / -11%-17% / -8%

Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions. Growth, margin or P/E data is missing for this stock, so some starting values above are placeholders rather than measurements.

Key Risks

Research

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Analyst Ratings

What 29 Wall Street analysts covering DOCU recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.

Hold
consensus · score 3.5 / 5 across 29 analysts
Strong Buy 4Buy 6Hold 18Sell 1Strong Sell 0

Analysts have turned more positive over the last three months (+3 pts of buy ratings).

Latest SEC Filings

DOCU's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K

DOCU — frequently asked questions

Is DOCU a good stock to buy?

We don't give buy or sell advice. Review DocuSign Inc's fundamentals, valuation, and 5-year financials on this page, then make your own decision — and consider a licensed professional.

Where does DOCU's data come from?

Live price data plus the annual financials in DocuSign Inc's SEC filings, refreshed automatically. Its fundamentals ratios aren't loaded yet, which is why it has no model rating.

How is the 5-year projection for DOCU calculated?

It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.

Is this DOCU analysis financial advice?

No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell DOCU. Always do your own research and consider a licensed professional.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.