Doximity DOCS Ratios & Valuation
| Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 89.1%-1.1pp | 89.7%-0.4pp | 90.2%+0.3pp | 90.1%+0.5pp | 90.2%+0.9pp | |
| Operating margin | 33.3%-6.6pp | 37.4%-2.7pp | 39.7%+1.1pp | 40.1%+3.6pp | 39.9%+5.5pp | |
| Net margin | 30.4%-8.7pp | 37.5%+0.9pp | 40.7%+7.0pp | 39.9%+7.4pp | 39.1%+8.1pp | |
| EBITDA margin | 35.6%-6.2pp | 39.5%-2.6pp | 41.6%+1.0pp | 41.9%+3.3pp | 41.8%+5.2pp | |
| Free cash flow margin | 50.6%+2.7pp | 53.8%+10.4pp | 52.6%+9.4pp | 53.2%+19.1pp | 47.9%+9.2pp | |
| Returns | ||||||
| Return on equity | 19.3%-3.2pp | 23.8%+2.6pp | 24.6%+5.6pp | 24.3%+7.4pp | 22.5%+6.7pp | |
| Return on assets | 16.4%-2.6pp | 20.6%+2.0pp | 21.3%+5.1pp | 20.6%+6.2pp | 19%+5.7pp | |
| Return on invested capital | 20.7%-6.0pp | 26.5%+5.0pp | 28.6%+9.0pp | 27.5%+8.8pp | 26.7%+10.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×+0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.1× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 6.1×-0.9× | 6.6×-2.1× | 7.8×+0.5× | 6.5×-0.2× | 7×+0.8× | |
| Quick ratio | 6.1×-0.9× | 6.6×-2.1× | 7.8×+0.5× | 6.5×-0.2× | 7×+0.8× | |
| Cash ratio | 1.4×+0.1× | 0.4×-1.0× | 1.2×-0.2× | 0.9×0.0× | 1.3×+0.7× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.9×-0.1× | -0.2×+0.4× | -0.6×+0.2× | -0.5×0.0× | -0.8×-0.4× | |
| Per Share | ||||||
| Book value per share | $4.78-11.2% | $4.92-3.6% | $5.46+13.8% | $5.10+11.2% | $5.38+22.8% | |
| Valuation | ||||||
| Market capitalization | $4.3B-60.5% | $8.34B-16.4% | $13.7B+69.4% | $11.01B+112% | $10.89B+118% | |
| Enterprise value | $4.09B-61.7% | $8.28B-15.6% | $13.54B+71.1% | $10.89B+114% | $10.69B+118% | |
| Price / earnings | 22×-26.8× | 34.8×-14.7× | 54.1×+7.7× | 46.8×+14.5× | 48.8×+15.0× | |
| Price / sales | 6.7×-12.4× | 13.1×-5.0× | 22.1×+6.4× | 18.7×+8.2× | 19.1×+8.6× | |
| Price / book | 4.5×-5.5× | 8.5×-1.2× | 12.5×+4.1× | 10.7×+5.1× | 10.1×+4.5× | |
| EV / EBITDA | 17.9×-27.0× | 32.9×-9.5× | 52.4×+14.6× | 44.1×+17.3× | 44.8×+16.7× | |
| EV / sales | 6.3×-12.4× | 13×-4.9× | 21.8×+6.5× | 18.5×+8.2× | 18.7×+8.4× | |
| Free cash flow yield | 7.6%+5.1pp | 4.1%+1.7pp | 2.4%-0.4pp | 2.8%-0.4pp | 2.5%-1.2pp | |
| Earnings yield | 4.6%+2.5pp | 2.9%+0.9pp | 1.8%-0.3pp | 2.1%-1.0pp | 2%-0.9pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Doximity's profit margins?
- Doximity (DOCS) runs a 89.1% gross margin and a 33.3% operating margin, with a 30.4% net margin.
- Where do Doximity's ratios come from?
- Every ratio is computed from Doximity's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
