DOCU vs. TWLO: DocuSign vs. Twilio Stock Comparison

November 11, 2026

How do DocuSign (DOCU) and Twilio (TWLO) 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

DocuSign (DOCU) and Twilio (TWLO) both fall under the Software & Services industry group, but DOCU is classified in Software while TWLO is classified in IT Services.

Company profile comparison for DocuSign (DOCU) and Twilio (TWLO)
Profile Item	DOCU	TWLO
Name	DocuSign Inc.	Twilio Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	IT Services
GICS Sub-Industry	Application Software	Internet Services & Infrastructure
Market Capitalization	14.51 billion USD	31.26 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 27, 2018	June 23, 2016
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DOCU

TWLO

GSPC

DocuSign (DOCU) vs. Twilio (TWLO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DocuSign (DOCU) and Twilio (TWLO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DocuSign (DOCU) and Twilio (TWLO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Total Return (1Y)	12.03%	61.15%
Total Return (3Y, Annualized)	24.94%	54.31%
Total Return (5Y, Annualized)	-22.27%	-7.91%

Risk Profile

Drawdown History

DOCU

TWLO

GSPC

DocuSign (DOCU) vs. Twilio (TWLO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DocuSign (DOCU) and Twilio (TWLO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Volatility (1Y, Annualized)	48.32%	63.75%
Beta (5Y)	0.79	1.48
Max Drawdown (5Y)	-86.00%	-86.25%
Avg. Volume (3M)	2.99M	3.05M

Risk-Adjusted Performance

Risk-Return Positioning

DOCU and TWLO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Sharpe Ratio (1Y)	0.16	0.89
Sortino Ratio (1Y)	0.23	1.49

Profitability

ROE (TTM)

Both DocuSign (DOCU) at 17.80% and Twilio (TWLO) at 14.92% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

TWLO

Software & Services industry group

14.92%

Max: 53.85%
Q3: 17.90%
TWLO: 14.92%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Twilio (TWLO) at 21.82% retains a top-quartile share of revenue as profit, ahead of DocuSign (DOCU) at 9.82%, which keeps about the industry-typical share.

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%

TWLO

Software & Services industry group

21.82%

Max: 41.17%
TWLO: 21.82%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both DocuSign (DOCU) at 13.43% and Twilio (TWLO) at 9.53% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

TWLO

Software & Services industry group

9.53%

Max: 46.89%
Q3: 17.64%
TWLO: 9.53%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
ROE (TTM)	17.80%	14.92%
ROA (TTM)	6.35%	2.69%
Net Margin (TTM)	9.82%	21.82%
Operating Margin (TTM)	13.43%	9.53%
Gross Margin (TTM)	79.61%	48.61%

Growth

Revenue Growth

Both DocuSign (DOCU) at 8.16% and Twilio (TWLO) at 13.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: DocuSign (DOCU) reports EPS growth of -70.87%, ranked against its industry; Twilio (TWLO) has no EPS growth figure this period.

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Revenue Growth (YoY)	8.16%	13.66%
Revenue Growth (3Y CAGR)	8.57%	9.82%
EPS Growth (YoY)	-70.87%	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Twilio (TWLO) at 4.47 carries current ratio above its industry’s typical mid-range, while DocuSign (DOCU) at 0.64 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

TWLO

Software & Services industry group

4.47

Max: 5.11
TWLO: 4.47
Q3: 2.77
Median: 1.67
Q1: 1.01
Min: 0.03

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both DocuSign (DOCU) at 0.11 and Twilio (TWLO) at 0.12 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

TWLO

Software & Services industry group

0.12

Max: 2.52
Q3: 1.13
Median: 0.40
TWLO: 0.12
Q1: 0.07
Min: 0.00

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Current Ratio (MRQ)	0.64	4.47
Debt / Equity (MRQ)	0.11	0.12
Net Debt / EBITDA	-1.35	-3.13

Dividends

Dividend Yield (TTM)

Neither DocuSign (DOCU) nor Twilio (TWLO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

TWLO

Software & Services industry group

0.00%

TWLO: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither DocuSign (DOCU) nor Twilio (TWLO) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

TWLO

Software & Services industry group

0.00%

TWLO: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both DocuSign (DOCU) at 47.32 and Twilio (TWLO) at 25.38 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

TWLO

Software & Services industry group

25.38

Max: 112.94
Q3: 60.32
Median: 32.91
TWLO: 25.38
Q1: 18.77
Min: 6.69

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both DocuSign (DOCU) at 4.32 and Twilio (TWLO) at 5.36 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

TWLO

Software & Services industry group

5.36

Max: 17.91
Q3: 8.78
TWLO: 5.36
Median: 4.25
Q1: 2.23
Min: 0.02

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both DocuSign (DOCU) at 8.50 and Twilio (TWLO) at 3.41 are valued close to their industries’ norm against book — neither stands out from peers.

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

TWLO

Software & Services industry group

3.41

Max: 16.63
Q3: 8.50
Median: 4.30
TWLO: 3.41
Q1: 1.92
Min: -3.90

DocuSign (DOCU) vs. Twilio (TWLO): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for DocuSign (DOCU) and Twilio (TWLO)
Metric	DOCU	TWLO
P/E Ratio (TTM)	47.32	25.38
P/S Ratio (TTM)	4.32	5.36
P/B Ratio (MRQ)	8.50	3.41
Free Cash Flow Yield (TTM)	9.05%	3.45%