Doximity, Inc.

DOCS Healthcare Health Information Services

Doximity, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $644.9 million, up 13.1% from fiscal 2025.

Revenue
+3.57%
EPS
−42.4%
Free cash flow
+1.87%

Quarter to September 2026, against a year earlier

32.10 1.08 −3.25%
Market cap
$5.9B
P/E
44.4×
Fwd P/E
49.7×
Dividend yield
—
F-score
5/9
Altman Z
17.11
Beneish M
−2.93
Dividend safety
n/a

Doximity, Inc. (DOCS) Free cash flow margin

Alert me on Free cash flow margin

Doximity, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 46.2%, down 3.0 percentage points from fiscal 2026 (49.2%). Over the past ten years it has ranged from 16.5% (fiscal 2019) to 49.2% (fiscal 2026) — the current reading is the highest in ten years. That is above the Health Information Services industry median of 0.00% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 49.2% 2.47
FY2025 46.8% 9.26
FY2024 37.5% (3.88)
FY2023 41.4% 6.19
FY2022 35.2% (2.69)
FY2021 37.9% 19.02
FY2020 18.9% 2.39
FY2019 16.5% —

Against its own ten years

Low 16.5% High 49.2%
Ten-year median 37.7%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
DOCS Doximity, Inc. 46.2%
HNGE Hinge Health Inc. compare 39.4%
HQY HealthEquity, Inc. compare 32.1%
WAY Waystar Holding Corp. compare 20.9%
PRVA Privia Health Group, Inc. compare 4.44%
BTSG BrightSpring Health Services, Inc. compare 3.23%
TEM Tempus AI, Inc. compare −9.98%
HTFL Heartflow, Inc. compare −27.9%
SDGR Schrodinger, Inc. compare −43.4%
Health Information Services industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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