DOCU vs USDW vs LZ Stock Comparison

Docusign, Made In Usa and Legalzoom.Com Prices as of Oct 27, 2026 Peers: Industry group
DOCU Docusign, Inc.
$82.04 +21.5% 1M +14.8% 1Y
Market cap
$15.86B
P/E
48.1x
Revenue (TTM)
$3.36B
Div. yield
–
Compliance Software Technology
6 wins
USDW Made In Usa Inc.
$5.00 0.0% 1M +861.5% 1Y
Market cap
$89.81M
P/E
–
Revenue (TTM)
$1.10K
Div. yield
–
Compliance Software Technology
1 win
LZ Legalzoom.Com, Inc.
$6.58 +17.1% 1M -35.7% 1Y
Market cap
$1.11B
P/E
66.0x
Revenue (TTM)
$792.49M
Div. yield
–
Compliance Software Technology
2 wins

Head to Head

9 decided of 12

Docusign leads on 6 of the 12 questions below (Docusign 6, Legalzoom.Com 2, Made In Usa 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDOCUUSDWLZLeader
Larger companyMarket capitalisation $15.86B $89.81M $1.11B DOCU
Cheaper on earningsLower P/E, profitable companies only 48.1x -83,859x 66.0x DOCU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.5x — 9.7x LZ
Faster revenue growthRevenue growth, trailing twelve months +8.6% -98.1% +12.3% LZ
More profitableNet margin, trailing twelve months 9.8% -1,043.0% 2.1% DOCU
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% — 0.00% –
Better 1-year returnPrice return, last 12 months +14.8% +861.5% -35.7% USDW
Better 5-year returnAnnualised price return, 5 years -21.6%/yr — -25.0%/yr DOCU
Less volatileAnnualised volatility, 1 year 48.5% — 64.6% DOCU
Higher overall scoreMean of the five percentile scores vs peers 71/100 15/100 67/100 DOCU

Percentile Scorecard

DOCUUSDWLZ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDOCUUSDWLZ
Valuation 67 #34 of 101 9 #92 of 101 85 #16 of 101
Growth 74 #26 of 97 15 #83 of 97 48 #51 of 97
Profitability 89 #11 of 94 22 #74 of 94 73 #26 of 94
Financial Health 54 #50 of 108 – 37 #68 of 108
Shareholder Returns 73 #18 of 64 – 94 #5 of 64
Overall 71 15 67
  • DOCU ranked among 114 companies in Business Applications
  • USDW ranked among 114 companies in Business Applications
  • LZ ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDOCUUSDWLZSPY
1 month +21.5%0.0%+17.1% -0.2%
3 months +46.6%+861.5%-18.6% +3.9%
6 months +79.2%+861.5%+0.5% +8.2%
Year to date +19.9%+861.5%-33.7% +12.9%
1 year +14.8%+861.5%-35.7% +12.3%
3 years +112.9%—-35.6% +87.4%
3 years, per year +28.7%—-13.6% +23.3%
5 years -70.3%—-76.2% +67.9%
5 years, per year -21.6%—-25.0% +10.9%

Risk

MeasureDOCUUSDWLZSPY
Volatility, 1Y 48.5%—64.6% 12.7%
Downside volatility, 1Y 48.4%—78.1% 12.7%
Beta vs S&P 500, 1Y 0.45—0.53 1.00
Return / volatility, 1Y 0.31—-0.55 0.97
Max drawdown, 5Y -86.4%0.0%-80.6% -25.4%
From 52-week high -3.8%0.0%-39.8% -1.2%
52-week high $85.27$5.00$10.93 $779.14
52-week low $41.75$5.00$5.43 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDOCUUSDWLZ
P/E now vs peer median 47.6xmedian 28.3x -83,859xmedian 28.3x 66.4xmedian 28.3x
P/S now vs peer median 4.6xmedian 2.8x 3,514xmedian 2.8x 1.4xmedian 2.8x
EV/EBITDA now vs peer median 18.4xmedian 17.3x —median 17.3x 12.1xmedian 17.3x
P/FCF now vs peer median 12.9xmedian 15.8x -1,618xmedian 15.8x 7.4xmedian 15.8x
P/B now vs peer median 9.0xmedian 3.2x 3.6xmedian 3.2x 8.7xmedian 3.2x
PEG now vs peer median 0.26median 0.85 -3,030median 0.85 1.21median 0.85

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDOCUUSDWLZ
Revenue $3.36B $1.10K $792.49M
Gross profit $2.67B $1.10K $528.61M
Operating income $402.03M -$11.67K $32.52M
Net income $329.94M -$11.47K $16.85M
Free cash flow $1.20B -$25.00M $149.65M
R&D $659.08M – –
EPS (diluted) $1.71 $0.00 $0.10
Cash & equivalents $528.16M – $167.23M
Shares (diluted) 193.12M 22.96M 171.64M
Enterprise value $12.56B $89.81M $321.55M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDOCUUSDWLZ
P/E 47.6x -83,859x 66.4x
P/FCF 12.9x -1,618x 7.4x
P/Operating cash flow 11.7x -3.6x 6.3x
P/S 4.6x 3,514x 1.4x
P/B 9.0x 3.6x 8.7x
P/Tangible book 9.3x -144,394x 9.8x
EV/EBITDA 18.4x – 12.1x
EV/EBIT 36.5x -7,694x 28.7x
EV/Revenue 4.4x 81,648x 1.2x
EV/FCF 12.2x -3.6x 6.2x
EV/Operating cash flow 11.1x -3.6x 5.3x
PEG (3Y EPS CAGR) 0.26 -3,030 1.21

Growth

14 metrics
MetricDOCUUSDWLZ
Revenue growth (1Y) 8.6% -98.1% 12.3%
Revenue CAGR (3Y) 8.2% – 7.6%
Gross profit growth (1Y) 8.8% -98.1% 14.0%
Gross profit CAGR (3Y) 8.3% – 8.4%
Operating income growth (1Y) 64.1% 50.9% -7.7%
Operating income CAGR (3Y) 160.2% – 198.3%
Net income growth (1Y) 17.4% 51.7% -41.4%
Net income CAGR (3Y) 177.3% -20.2% 51.9%
EPS growth (1Y) 28.3% 85.9% -38.3%
EPS CAGR (3Y) 183.7% 27.7% 54.8%
Operating cash flow growth (1Y) 27.3% -35,924% 6.8%
Operating cash flow CAGR (3Y) 27.8% -928.2% 12.4%
Free cash flow growth (1Y) 28.1% -26,667% 14.4%
Free cash flow CAGR (3Y) 29.9% -928.2% 15.7%

Profitability

14 metrics
MetricDOCUUSDWLZ
Gross margin 79.5% 100.0% 66.7%
EBITDA margin 23.7% – 9.8%
Operating margin 12.0% -1,061% 4.1%
Pretax margin 13.1% -1,043% 4.8%
Net margin 9.8% -1,043% 2.1%
FCF margin 35.7% -2,272,784% 18.9%
Operating cash flow margin 39.4% -2,272,784% 22.1%
Return on equity 18.6% -0.1% 12.3%
Return on assets 8.3% -0.1% 3.5%
Return on invested capital – – –
Return on capital employed 20.1% -0.1% 20.2%
Asset turnover 0.8x 0.0x 1.7x
Cash conversion (OCF / net income) 4.0x 2,179x 10.4x
Stock comp / revenue 15.3% – 12.4%

Financial Health

11 metrics
MetricDOCUUSDWLZ
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 56.6% 0.0% 72.7%
Equity / assets 43.4% 100.0% 27.3%
Interest coverage 170.4x – 18.6x
Current ratio 0.6x – 0.7x
Quick ratio 0.6x – 0.6x
Cash ratio 0.4x – 0.5x
Altman Z-score 4.28 – -0.05

Shareholder Returns

7 metrics
MetricDOCUUSDWLZ
Dividend yield – – –
Net buyback yield 6.9% – 13.4%
Shareholder yield 6.9% – 13.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDOCUUSDWLZ
Forward P/E 18.5xFY2026 – 9.7xFY2026
EPS, next fiscal year $4.43FY2026 – $0.68FY2026
EPS growth, next FY +15.4%FY2026 – +9.7%FY2026
EPS growth, the year after +12.6% – +25.0%
Revenue, next fiscal year $3.62BFY2026 – $847.19MFY2026
Revenue growth, next FY +12.4%FY2026 – +12.1%FY2026
Revenue growth, the year after -0.2% – -6.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDOCUUSDWLZ
Held by institutions 90.0% – 96.0%
Institutions holding 670 – 242
Change in shares held, QoQ -1.2% – -0.5%
Institutions buying 329 – 122
Institutions selling 243 – 97
Buyers to sellers 1.35 – 1.26

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DOCUUSDWLZ
DOCU 1.00 – 0.52
USDW – – –
LZ 0.52 – 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DOCU, USDW and LZ?

Docusign (DOCU) is the largest by market capitalisation: Docusign (DOCU) $15.86B, Made In Usa (USDW) $89.81M, Legalzoom.Com (LZ) $1.11B.

Which stock is cheaper, DOCU, USDW and LZ?

Docusign (DOCU) trades on the lowest price-to-earnings ratio (Docusign (DOCU) 48.1x, Made In Usa (USDW) -83,859x, Legalzoom.Com (LZ) 66.0x). On next year's consensus earnings, Legalzoom.Com (LZ) is cheapest (Docusign (DOCU) 18.5x, Legalzoom.Com (LZ) 9.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Legalzoom.Com (LZ) grew revenue fastest over the trailing twelve months: Docusign (DOCU) +8.6%, Made In Usa (USDW) -98.1%, Legalzoom.Com (LZ) +12.3%.

Which company is more profitable?

Docusign (DOCU) has the highest net margin (Docusign (DOCU) 9.8%, Made In Usa (USDW) -1,043.0%, Legalzoom.Com (LZ) 2.1%).

Which stock has performed better?

Over the past year Made In Usa (USDW) returned the most: Docusign (DOCU) +14.8%, Made In Usa (USDW) +861.5%, Legalzoom.Com (LZ) -35.7%. Over five years, Docusign (DOCU) compounded fastest (Docusign (DOCU) -21.6%/yr, Legalzoom.Com (LZ) -25.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Docusign (DOCU) has been the steadiest (Docusign (DOCU) 48.5%, Legalzoom.Com (LZ) 64.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DOCU, USDW and LZ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Docusign (DOCU) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.