Doximity DOCS Ratios & Valuation
| FY'26 | FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 89.1%-1.1pp | 90.2%+0.9pp | 89.3%+2.1pp | 87.2%-1.2pp | |
| Operating margin | 33.3%-6.6pp | 39.9%+5.5pp | 34.5%+4.6pp | 29.9%-3.2pp | |
| Net margin | 30.4%-8.7pp | 39.1%+8.1pp | 31%+4.1pp | 26.9%-18.1pp | |
| EBITDA margin | 35.6%-6.2pp | 41.8%+5.2pp | 36.6%+4.3pp | 32.3%-2.2pp | |
| Free cash flow margin | 50.6%+2.7pp | 47.9%+9.2pp | 38.7%-3.8pp | 42.5%+6.2pp | |
| Returns | |||||
| Return on equity | 19.3%-3.2pp | 22.5%+6.7pp | 15.8%+3.6pp | 12.2%-20.5pp | |
| Return on assets | 16.4%-2.6pp | 19%+5.7pp | 13.3%+2.7pp | 10.6%-14.3pp | |
| Return on invested capital | 20.7%-6.0pp | 26.7%+10.8pp | 15.9%+2.6pp | 13.3%-16.2pp | |
| Efficiency | |||||
| Asset turnover | 0.5×+0.1× | 0.5×+0.1× | 0.4×0.0× | 0.4×-0.2× | |
| Liquidity | |||||
| Current ratio | 6.1×-0.9× | 7×+0.8× | 6.2×-0.8× | 7×-1.1× | |
| Quick ratio | 6.1×-0.9× | 7×+0.8× | 6.2×-0.8× | 7×-1.1× | |
| Cash ratio | 1.4×+0.1× | 1.3×+0.7× | 0.7×-0.5× | 1.1×+0.1× | |
| Leverage | |||||
| Debt-to-equity | 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× | |
| Net debt / EBITDA | -0.9×-0.1× | -0.8×-0.4× | -0.5×+0.6× | -1.1×-0.1× | |
| Per Share | |||||
| Book value per share | $4.78-11.2% | $5.38+22.8% | $4.38-3.2% | $4.53-1.6% | |
| Valuation | |||||
| Market capitalization | $4.3B-60.5% | $10.89B+118% | $4.99B-16.9% | $6B-37.8% | |
| Enterprise value | $4.09B-61.7% | $10.69B+118% | $4.91B-16.3% | $5.86B-38.6% | |
| Price / earnings | 22×-26.8× | 48.8×+15.0× | 33.8×-19.4× | 53.2×-9.2× | |
| Price / sales | 6.7×-12.4× | 19.1×+8.6× | 10.5×-3.8× | 14.3×-13.8× | |
| Price / book | 4.5×-5.5× | 10.1×+4.5× | 5.5×-0.7× | 6.2×-4.8× | |
| EV / EBITDA | 17.9×-27.0× | 44.8×+16.7× | 28.2×-15.1× | 43.3×-37.2× | |
| EV / sales | 6.3×-12.4× | 18.7×+8.4× | 10.3×-3.7× | 14×-13.8× | |
| Free cash flow yield | 7.6%+5.1pp | 2.5%-1.2pp | 3.7%+0.7pp | 3%+1.7pp | |
| Earnings yield | 4.6%+2.5pp | 2%-0.9pp | 3%+1.1pp | 1.9%+0.3pp |
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.