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Doximity DOCS Return on invested capital

Return on invested capital at other companies

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22.2%-1.4pp
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21.2%-19.2pp

Other financials

Income statement

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Revenue$145.4M+5.1%
Gross profit$126.0M+1.7%
Operating income$24.8M-49.0%
Net income$19.1M-69.4%
EPS (diluted)$0.10-67.7%

Balance sheet

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Cash & equivalents$219.2M+4.6%
Total debt$10.2M-17.8%
Total equity$950.8M-12.2%
Total assets$1.1B-11.1%

Cash flow

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Operating cash flow$109.5M+11.2%
CapEx-
Free cash flow$81.6M-17.1%

Valuation

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Market cap$3.74B-60.5%
Enterprise value$3.53B-61.7%
P/E19.1×-23.3×
P/S5.8×-10.8×

Profitability

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Gross margin89.1%-1.1pp
Operating margin33.3%-6.6pp
Net margin30.4%-8.7pp
FCF margin50.6%+2.7pp

Returns & leverage

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Return on equity19.3%-3.2pp
Debt / equity0.0×
Current ratio6.1×-0.9×

Where this comes from

Calculated from Doximity’s reported figures.

Based on trailing twelve months.

The official record: Doximity’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Doximity's return on invested capital?
Doximity (DOCS) reported return on invested capital of 20.7% in Q1 2026.
How has Doximity's return on invested capital changed year-over-year?
Doximity's return on invested capital decreased by 22.5% year-over-year, from 26.7% to 20.7%.
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.