CRCL vs. DOCU: Circle Internet vs. DocuSign Stock Comparison
How do Circle Internet (CRCL) and DocuSign (DOCU) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Circle Internet (CRCL) and DocuSign (DOCU) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
DocuSign (DOCU) has been public since April 27, 2018, giving it a longer listed trading history, while Circle Internet (CRCL) listed on June 5, 2025 and still has a shorter public-market record.
| Profile Item | CRCL | DOCU |
|---|---|---|
| Name | Circle Internet Group, Inc. Class A | DocuSign Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 17.41 billion USD | 14.51 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | June 5, 2025 | April 27, 2018 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Total Return (1Y) | -33.88% | 12.03% |
| Total Return (3Y, Annualized) | -- | 24.94% |
| Total Return (5Y, Annualized) | -- | -22.27% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Volatility (1Y, Annualized) | 96.01% | 48.32% |
| Beta (5Y) | 0.84 | 0.79 |
| Max Drawdown (5Y) | -80.93% | -86.00% |
| Avg. Volume (3M) | 12.74M | 2.99M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | 0.16 |
| Sortino Ratio (1Y) | -0.61 | 0.23 |
Profitability
ROE (TTM)
Both Circle Internet (CRCL) at 13.44% and DocuSign (DOCU) at 17.80% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
CRCL
Software & Services industry group
13.44%
- Max
- 53.85%
- Q3
- 17.90%
- CRCL
- 13.44%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
DOCU
Software & Services industry group
17.80%
- Max
- 53.85%
- Q3
- 17.90%
- DOCU
- 17.80%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Circle Internet (CRCL) at 15.28% and DocuSign (DOCU) at 9.82% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
CRCL
Software & Services industry group
15.28%
- Max
- 41.17%
- CRCL
- 15.28%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
DOCU
Software & Services industry group
9.82%
- Max
- 41.17%
- Q3
- 15.28%
- DOCU
- 9.82%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Circle Internet (CRCL) at 24.09% operates in the top operating margin quartile, ahead of DocuSign (DOCU) at 13.43%, which runs around its industry’s norm.
CRCL
Software & Services industry group
24.09%
- Max
- 46.89%
- CRCL
- 24.09%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
DOCU
Software & Services industry group
13.43%
- Max
- 46.89%
- Q3
- 17.64%
- DOCU
- 13.43%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| ROE (TTM) | 13.44% | 17.80% |
| ROA (TTM) | 0.28% | 6.35% |
| Net Margin (TTM) | 15.28% | 9.82% |
| Operating Margin (TTM) | 24.09% | 13.43% |
| Gross Margin (TTM) | 26.58% | 79.61% |
Growth
Revenue Growth
Circle Internet (CRCL) at 63.86% clears its industry range for revenue growth, far stronger top-line momentum than DocuSign (DOCU) at 8.16%, which is closer to a typical peer reading.
EPS Growth
Neither side shows strong earnings momentum: DocuSign (DOCU) at -70.87% sits in the bottom EPS growth quartile, and Circle Internet (CRCL) at -640.54% is weaker still, below its industry range.
Growth Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Revenue Growth (YoY) | 63.86% | 8.16% |
| Revenue Growth (3Y CAGR) | 52.66% | 8.57% |
| EPS Growth (YoY) | -640.54% | -70.87% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while DocuSign (DOCU) at 0.64 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DOCU.
CRCL
Software & Services industry group
1.04
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CRCL
- 1.04
- Q1
- 1.01
- Min
- 0.03
DOCU
Software & Services industry group
0.64
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- DOCU
- 0.64
- Min
- 0.03
Debt / Equity (MRQ)
Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while DocuSign (DOCU) at 0.11 runs a more typical debt-to-equity mix.
CRCL
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- CRCL
- 0.00
- Min
- 0.00
DOCU
Software & Services industry group
0.11
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- DOCU
- 0.11
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Current Ratio (MRQ) | 1.04 | 0.64 |
| Debt / Equity (MRQ) | 0.00 | 0.11 |
| Net Debt / EBITDA | -4.68 | -1.35 |
Dividends
Dividend Yield (TTM)
Neither Circle Internet (CRCL) nor DocuSign (DOCU) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
DOCU
Software & Services industry group
0.00%
- DOCU
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Circle Internet (CRCL) nor DocuSign (DOCU) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
DOCU
Software & Services industry group
0.00%
- DOCU
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Circle Internet (CRCL) at 40.89 and DocuSign (DOCU) at 47.32 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
CRCL
Software & Services industry group
40.89
- Max
- 112.94
- Q3
- 60.32
- CRCL
- 40.89
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
DOCU
Software & Services industry group
47.32
- Max
- 112.94
- Q3
- 60.32
- DOCU
- 47.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
On P/S ratio, both Circle Internet (CRCL) at 5.75 and DocuSign (DOCU) at 4.32 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
CRCL
Software & Services industry group
5.75
- Max
- 17.91
- Q3
- 8.78
- CRCL
- 5.75
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
DOCU
Software & Services industry group
4.32
- Max
- 17.91
- Q3
- 8.78
- DOCU
- 4.32
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
On P/B ratio, both Circle Internet (CRCL) at 4.50 and DocuSign (DOCU) at 8.50 are valued close to their industries’ norm against book — neither stands out from peers.
CRCL
Software & Services industry group
4.50
- Max
- 16.63
- Q3
- 8.50
- CRCL
- 4.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
DOCU
Software & Services industry group
8.50
- Max
- 16.63
- DOCU
- 8.50
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CRCL | DOCU |
|---|---|---|
| P/E Ratio (TTM) | 40.89 | 47.32 |
| P/S Ratio (TTM) | 5.75 | 4.32 |
| P/B Ratio (MRQ) | 4.50 | 8.50 |
| Free Cash Flow Yield (TTM) | 1.43% | 9.05% |