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Doximity DOCS Return on invested capital

Return on invested capital at other companies

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3.9%+2.1pp
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15.7%+10.1pp
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Veeva SystemsVEEV
22.2%-1.4pp
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Teladoc HealthTDOC
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Other financials

Income statement

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Revenue$156.6M+7.3%
Gross profit$132.9M+2.2%
Operating income$33.6M-38.3%
Net income$24.3M-54.4%
EPS (diluted)$0.13-51.9%

Balance sheet

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Cash & equivalents$273.6M+99.3%
Total debt$9.7M-18.3%
Total equity$916.1M-10.7%
Total assets$1.1B-10.0%

Cash flow

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Operating cash flow$42.0M-32.4%
CapEx$62.0K
Free cash flow$41.9M-32.5%

Valuation

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Market cap$3.77B-65.4%
Enterprise value$3.5B-67.5%
P/E22.6×-23.8×
P/S5.8×-12.7×

Profitability

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Gross margin88.1%-2.1pp
Operating margin29.6%-10.5pp
Net margin25.5%-14.4pp
FCF margin49.9%+15.8pp

Returns & leverage

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Return on equity17.2%-7.0pp
Debt / equity0.0×
Current ratio6.1×-0.4×

Where this comes from

Calculated from Doximity’s reported figures.

Based on trailing twelve months.

The source filing: Doximity’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001516513-26-000040

FAQ

What is Doximity's return on invested capital?
Doximity (DOCS) reported return on invested capital of 18.5% in Q2 2026.
How has Doximity's return on invested capital changed year-over-year?
Doximity's return on invested capital decreased by 32.9% year-over-year, from 27.5% to 18.5%.
What is the long-term trend for Doximity's return on invested capital?
Over 4 years (2022 to 2026), Doximity's return on invested capital has grown at a -8.5% compound annual growth rate (CAGR), from 29.5% to 20.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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