Doximity, Inc. (DOCS) vs Hinge Health Inc. (HNGE)

Doximity, Inc. and Hinge Health Inc. are both Health Information Services companies. Hinge Health Inc. is the larger, with a market value of $7.4B against $4.6B — 1.6× the size. Doximity, Inc. trades at the lower P/E: 29.6× against 70.8×. Hinge Health Inc. grew revenue faster over the last twelve months: 58.8% against 11.2%. Doximity, Inc. has the higher net margin (25.5% vs 14.9%) and the higher return on invested capital (53.1% vs 0.00%). Across the 19 metrics below, Doximity, Inc. leads on 17 and Hinge Health Inc. on 2.

Valuation

Metric DOCS HNGE Health Information Services median
P/E 29.61 70.79 39.52
P/S 7.34 10.48 2.65
P/B 5.25 21.92 2.32
Price to free cash flow 16.20 26.58 16.77
EV/EBITDA 18.90 44.40 12.35
EV/Sales 6.29 9.94 3.06
Earnings yield 3.38% 1.41% (1.68%)
Free cash flow yield 6.17% 3.76% 0.54%

Profitability

Metric DOCS HNGE Health Information Services median
Gross margin 88.07% 84.49% 63.38%
Operating margin 29.60% 13.01% (8.35%)
Net margin 25.48% 14.91% (14.70%)
Free cash flow margin 45.31% 39.43% 0.58%
Return on equity 17.21% 41.44% (6.82%)
Return on assets 14.60% 14.12% (6.02%)
Return on invested capital 53.13% 0.00% 0.00%

Growth

Metric DOCS HNGE Health Information Services median
Revenue growth (TTM) 11.18% 58.83% 8.62%
EPS growth (last fiscal year) (11.71%) (782.85%) —
Revenue growth, 5-year CAGR 25.53% — 12.36%
Net income growth, 5-year CAGR 55.51% — 0.00%

Health

Metric DOCS HNGE Health Information Services median
Debt to equity 0.00 0.00 0.01
Current ratio 6.08 1.34 2.37
Net debt to EBITDA (3.18) 0.74 0.50

Dividend

Metric DOCS HNGE Health Information Services median
Dividend yield — — 0.85%
Payout ratio 0.00 — 0.00

Size

Metric DOCS HNGE Health Information Services median
Market cap 4.64b 7.43b 352.86m

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