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Doximity DOCS Ratios & Valuation

Q4 '26Q3 '26Q2 '26Q1 '26Q4 '25
Profitability
Gross margin89.1%-1.1pp89.7%-0.4pp90.2%+0.3pp90.1%+0.5pp90.2%+0.9pp
Operating margin33.3%-6.6pp37.4%-2.7pp39.7%+1.1pp40.1%+3.6pp39.9%+5.5pp
Net margin30.4%-8.7pp37.5%+0.9pp40.7%+7.0pp39.9%+7.4pp39.1%+8.1pp
EBITDA margin35.6%-6.2pp39.5%-2.6pp41.6%+1.0pp41.9%+3.3pp41.8%+5.2pp
Free cash flow margin50.6%+2.7pp53.8%+10.4pp52.6%+9.4pp53.2%+19.1pp47.9%+9.2pp
Returns
Return on equity19.3%-3.2pp23.8%+2.6pp24.6%+5.6pp24.3%+7.4pp22.5%+6.7pp
Return on assets16.4%-2.6pp20.6%+2.0pp21.3%+5.1pp20.6%+6.2pp19%+5.7pp
Return on invested capital20.7%-6.0pp26.5%+5.0pp28.6%+9.0pp27.5%+8.8pp26.7%+10.8pp
Efficiency
Asset turnover0.5×+0.1×0.5×0.0×0.5×0.0×0.5×+0.1×0.5×+0.1×
Liquidity
Current ratio6.1×-0.9×6.6×-2.1×7.8×+0.5×6.5×-0.2×+0.8×
Quick ratio6.1×-0.9×6.6×-2.1×7.8×+0.5×6.5×-0.2×+0.8×
Cash ratio1.4×+0.1×0.4×-1.0×1.2×-0.2×0.9×0.0×1.3×+0.7×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×0.0×0.0×
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 / earnings22×-26.8×34.8×-14.7×54.1×+7.7×46.8×+14.5×48.8×+15.0×
Price / sales6.7×-12.4×13.1×-5.0×22.1×+6.4×18.7×+8.2×19.1×+8.6×
Price / book4.5×-5.5×8.5×-1.2×12.5×+4.1×10.7×+5.1×10.1×+4.5×
EV / EBITDA17.9×-27.0×32.9×-9.5×52.4×+14.6×44.1×+17.3×44.8×+16.7×
EV / sales6.3×-12.4×13×-4.9×21.8×+6.5×18.5×+8.2×18.7×+8.4×
Free cash flow yield7.6%+5.1pp4.1%+1.7pp2.4%-0.4pp2.8%-0.4pp2.5%-1.2pp
Earnings yield4.6%+2.5pp2.9%+0.9pp1.8%-0.3pp2.1%-1.0pp2%-0.9pp

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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.