Last 36 quarters of trend data · Technology · Enterprise Software
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 45.43 | 34.27 | 28.74 | 29.85 | 45.71 | 63.03 | 60.11 | 62.01 | 57.82 | 3.26 | 88.44 | 117.15 | 51.16 | 336.38 | 2874.42 | 629.05 | — | — | — | — | — |
| — | -45.6% | -52.2% | -51.9% | -20.9% | +1836.0% | -32.0% | -47.1% | +13.0% | -99.0% | -96.9% | -81.4% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 4.41 | 3.02 | 2.72 | 3.21 | 4.71 | 5.00 | 5.70 | 6.55 | 4.80 | 3.92 | 4.19 | 4.48 | 2.89 | 4.07 | 3.89 | 4.64 | 3.77 | 5.16 | 6.87 | 10.76 | 25.20 |
| — | -39.6% | -52.2% | -51.0% | -1.9% | +27.5% | +36.1% | +46.2% | +66.1% | -3.6% | +7.6% | -3.4% | -23.4% | -21.0% | -43.4% | -56.9% | -85.1% | -81.9% | -70.3% | -57.8% | +2.4% | |
| P/B Ratio | 8.28 | 6.16 | 4.97 | 5.61 | 7.77 | 8.06 | 8.63 | 10.16 | 7.28 | 5.89 | 10.45 | 11.30 | 8.38 | 13.22 | 13.73 | 19.83 | 20.76 | 31.53 | 46.35 | 90.70 | 229.53 |
| — | -23.6% | -42.5% | -44.8% | +6.8% | +36.8% | -17.4% | -10.1% | -13.2% | -55.4% | -23.9% | -43.0% | -59.6% | -58.1% | -70.4% | -78.1% | -91.0% | -88.6% | -74.0% | -32.8% | +159.4% | |
| P/FCF | 12.37 | 8.95 | 7.80 | 7.68 | 14.65 | 18.41 | 19.09 | 18.19 | 17.18 | 14.60 | 12.80 | 12.84 | 8.41 | 15.25 | 11.99 | 27.09 | 67.44 | 30.42 | 23.16 | 88.84 | 152.72 |
| — | -51.4% | -59.1% | -57.8% | -14.7% | +26.1% | +49.2% | +41.7% | +104.2% | -4.3% | +6.8% | -52.6% | -87.5% | -49.9% | -48.3% | -69.5% | -55.8% | -66.3% | -73.7% | -64.4% | -38.4% | |
| EV / EBITDA | 27.44 | 16.91 | 15.11 | 22.63 | 32.30 | 41.32 | 46.55 | 55.57 | 40.42 | 32.63 | 59.41 | 90.22 | 44.91 | 86.86 | 140.39 | 141.05 | — | — | 1976.71 | — | 823.82 |
| — | -59.1% | -67.5% | -59.3% | -20.1% | +26.6% | -21.7% | -38.4% | -10.0% | -62.4% | -57.7% | -36.0% | — | — | -92.9% | — | — | — | +68.1% | — | — | |
| EV / EBIT | 48.23 | 20.40 | 18.32 | 25.30 | 38.87 | 50.31 | 56.80 | 72.57 | 48.59 | 38.21 | 76.22 | 96.29 | 51.70 | 114.95 | 336.76 | 729.10 | — | — | — | — | — |
| — | -59.5% | -67.7% | -65.1% | -20.0% | +31.7% | -25.5% | -24.6% | -6.0% | -66.8% | -77.4% | -86.8% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.4% | 79.7% | 79.4% | 79.7% | 79.2% | 79.3% | 79.4% | 79.4% | 79.3% | 78.9% | 78.9% | 79.2% | 79.6% | 78.8% | 79.4% | 79.2% | 79.9% | 78.0% | 77.5% | 77.4% | 78.7% |
| — | +0.4% | -0.0% | +0.4% | -0.1% | +0.6% | +0.6% | +0.2% | -0.5% | +0.1% | -0.5% | +0.1% | -0.4% | +1.0% | +2.4% | +2.3% | +1.5% | +0.3% | -0.1% | +1.2% | +5.8% | |
| Operating Margin | 9.3% | 13.4% | 13.4% | 10.5% | 10.4% | 8.1% | 7.9% | 7.8% | 7.8% | 7.9% | 3.2% | 1.4% | 2.8% | 1.0% | -0.7% | -0.0% | -4.2% | -6.6% | -3.3% | -4.3% | -0.6% |
| — | +64.9% | +69.9% | +34.6% | +33.4% | +3.7% | +147.4% | +458.6% | +177.5% | +716.8% | +553.5% | +3335.7% | +166.3% | +114.6% | +78.5% | +99.0% | -590.4% | -49.5% | -42.7% | +25.0% | +95.1% | |
| Net Margin | 9.6% | 8.9% | 9.4% | 10.8% | 10.2% | 7.9% | 9.4% | 10.8% | 8.3% | 120.7% | 4.8% | 3.8% | 5.5% | 1.1% | 0.1% | 0.7% | -4.6% | -7.2% | -4.6% | -5.2% | -1.0% |
| — | +12.8% | -0.2% | +0.3% | +23.7% | -93.5% | +98.4% | +181.3% | +49.3% | +11122.6% | +5737.2% | +418.6% | +219.7% | +114.8% | +101.8% | +114.1% | -344.7% | -45.4% | -161.1% | +68.8% | +93.2% |
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.8% | 4.4% | 4.2% | 4.6% | 4.2% | 3.1% | 3.6% | 4.2% | 3.2% | 57.3% | 3.0% | 2.6% | 4.3% | 0.9% | 0.1% | 0.9% | -6.8% | -11.9% | -8.8% | -11.8% | -2.5% |
| — | +39.6% | +16.6% | +10.7% | +33.5% | -94.5% | +20.5% | +60.8% | -26.2% | +6091.5% | +3675.3% | +190.3% | +162.8% | +107.8% | +100.9% | +107.6% | -171.3% | -6.4% | -198.6% | +38.6% | +80.1% | |
| ROA | 7.5% | 2.0% | 1.9% | 2.2% | 2.1% | 1.6% | 1.8% | 2.1% | 1.7% | 26.6% | 1.1% | 0.9% | 1.2% | 0.2% | 0.0% | 0.2% | -1.1% | -1.7% | -1.1% | -1.2% | -0.2% |
| — | +22.7% | +5.1% | +2.5% | +27.2% | -94.0% | +58.2% | +148.4% | +41.2% | +11401.1% | +6441.7% | +410.1% | +206.2% | +113.4% | +101.6% | +113.8% | -364.5% | -56.9% | -196.8% | +62.7% | +91.6% | |
| ROIC | 15.0% | 6.2% | 5.6% | 4.3% | 4.2% | 3.3% | 3.0% | 3.0% | 3.0% | 4.5% | 3.6% | 1.4% | 2.2% | 0.7% | -0.5% | -0.0% | -3.2% | -5.1% | -2.3% | -2.9% | -0.4% |
| — | +91.6% | +85.6% | +43.0% | +41.8% | -27.3% | -16.3% | +121.6% | +32.2% | +532.6% | +868.9% | +4792.8% | +170.7% | +113.9% | +79.8% | +99.0% | -682.8% | -92.3% | -95.8% | -11.1% | +91.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.11 | 0.10 | 0.10 | 0.08 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 | 0.12 | 0.13 | 0.87 | 1.04 | 1.18 | 1.44 | 1.79 | 2.10 | 2.50 | 3.20 | 3.76 |
| — | +66.9% | +52.7% | +55.4% | +15.6% | -7.6% | -45.8% | -50.9% | -92.4% | -93.3% | -89.7% | -91.2% | -51.6% | -50.6% | -52.9% | -55.1% | -52.5% | -51.3% | -35.8% | +13.9% | +133.8% | |
| Debt / EBITDA | 0.45 | 1.21 | 1.28 | 1.62 | 1.30 | 1.35 | 1.47 | 1.40 | 1.51 | 1.60 | 2.94 | 4.26 | 19.40 | 27.60 | 48.47 | 40.39 | — | — | 420.19 | — | 53.65 |
| — | -10.3% | -12.9% | +16.2% | -13.9% | -15.6% | -50.0% | -67.3% | -92.2% | -94.2% | -93.9% | -89.4% | — | — | -88.5% | — | — | — | +312.8% | — | — | |
| Current Ratio | 0.73 | 0.64 | 0.66 | 0.73 | 0.73 | 0.74 | 0.79 | 0.81 | 0.83 | 0.84 | 0.93 | 0.94 | 0.93 | 0.88 | 0.82 | 0.74 | 1.02 | 1.01 | 1.01 | 0.96 | 0.96 |
| — | -13.4% | -15.9% | -10.1% | -12.0% | -11.2% | -14.8% | -13.9% | -10.7% | -4.6% | +13.0% | +27.8% | -8.6% | -13.7% | -19.0% | -23.2% | +6.7% | +3.8% | +0.2% | -9.5% | -5.0% | |
| Quick Ratio | 0.73 | 0.64 | 0.66 | 0.73 | 0.73 | 0.74 | 0.79 | 0.81 | 0.83 | 0.84 | 0.93 | 0.94 | 0.93 | 0.88 | 0.82 | 0.74 | 1.02 | 1.01 | 1.01 | 0.96 | 0.96 |
| — | -13.4% | -15.9% | -10.1% | -12.0% | -11.2% | -14.8% | -13.9% | -10.7% | -4.6% | +13.0% | +27.8% | -8.6% | -13.7% | -19.0% | -23.2% | +6.7% | +3.8% | +0.2% | -9.5% | -5.0% | |
| Interest Coverage | 131.77 | 220.64 | 214.71 | 174.29 | 147.07 | 93.34 | 155.37 | 170.72 | 155.92 | 133.15 | 255.12 | 18.40 | 23.72 | 15.12 | 3.86 | 2.58 | -18.28 | -24.56 | -3.05 | -6.56 | -1.38 |
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Includes 30+ ratios · 36 years · Updated daily
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Quick answers to the most common questions about buying DOCU stock.
DocuSign, Inc.'s current P/E is 45.4x. The average P/E over the last 4 quarters is 34.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
DocuSign, Inc.'s current operating margin is 9.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking DocuSign, Inc.'s business trajectory between earnings reports.