Medical - Healthcare Information Services
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DH vs VEEV vs MMSI vs CRM vs DOCS
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Healthcare Information Services
Medical - Instruments & Supplies
Software - Application
Medical - Healthcare Information Services
DH vs VEEV vs MMSI vs CRM vs DOCS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Healthcare Information Services | Medical - Healthcare Information Services | Medical - Instruments & Supplies | Software - Application | Medical - Healthcare Information Services |
| Market Cap | $96M | $27.35B | $3.72B | $179.19B | $5.24B |
| Revenue (TTM) | $238M | $3.20B | $1.54B | $41.52B | $638M |
| Net Income (TTM) | $-170M | $909M | $139M | $7.46B | $239M |
| Gross Margin | 76.0% | 75.5% | 48.7% | 77.7% | 89.7% |
| Operating Margin | -15.6% | 28.7% | 12.2% | 21.5% | 37.4% |
| Forward P/E | 5.5x | 19.0x | 15.5x | 15.8x | 16.8x |
| Total Debt | $178M | $96M | $898M | $6.74B | $12M |
| Cash & Equiv. | $164M | $1.42B | $449M | $7.33B | $210M |
DH vs VEEV vs MMSI vs CRM vs DOCS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 21 | May 26 | Return |
|---|---|---|---|
| Definitive Healthca… (DH) | 100 | 2.2 | -97.8% |
| Veeva Systems Inc. (VEEV) | 100 | 58.4 | -41.6% |
| Merit Medical Syste… (MMSI) | 100 | 86.8 | -13.2% |
| Salesforce, Inc. (CRM) | 100 | 68.7 | -31.3% |
| Doximity, Inc. (DOCS) | 100 | 32.3 | -67.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DH vs VEEV vs MMSI vs CRM vs DOCS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
DH is the #2 pick in this set and the best alternative if value and dividends is your priority.
- Lower P/E (5.5x vs 15.8x)
- 3.2% yield, vs CRM's 0.9%, (3 stocks pay no dividend)
VEEV ranks third and is worth considering specifically for sleep-well-at-night.
- Lower volatility, beta 0.77, Low D/E 1.3%, current ratio 4.89x
- -29.4% vs DH's -66.1%
MMSI is the clearest fit if your priority is long-term compounding and defensive.
- 214.6% 10Y total return vs VEEV's 5.2%
- Beta 0.71, current ratio 4.34x
- Beta 0.71 vs DH's 1.71
CRM is the clearest fit if your priority is income & stability.
- Dividend streak 2 yrs, beta 0.82, yield 0.9%
DOCS carries the broadest edge in this set and is the clearest fit for growth exposure and valuation efficiency.
- Rev growth 20.0%, EPS growth 54.2%, 3Y rev CAGR 18.4%
- PEG 0.21 vs CRM's 1.29
- 20.0% revenue growth vs DH's -4.2%
- 37.5% margin vs DH's -71.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 20.0% revenue growth vs DH's -4.2% | |
| Value | Lower P/E (5.5x vs 15.8x) | |
| Quality / Margins | 37.5% margin vs DH's -71.5% | |
| Stability / Safety | Beta 0.71 vs DH's 1.71 | |
| Dividends | 3.2% yield, vs CRM's 0.9%, (3 stocks pay no dividend) | |
| Momentum (1Y) | -29.4% vs DH's -66.1% | |
| Efficiency (ROA) | 20.7% ROA vs DH's -24.5%, ROIC 20.0% vs -2.7% |
DH vs VEEV vs MMSI vs CRM vs DOCS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
DH vs VEEV vs MMSI vs CRM vs DOCS — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
DOCS leads in 2 of 6 categories
DH leads 1 • VEEV leads 1 • MMSI leads 0 • CRM leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
DOCS leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CRM is the larger business by revenue, generating $41.5B annually — 174.3x DH's $238M. DOCS is the more profitable business, keeping 37.5% of every revenue dollar as net income compared to DH's -71.5%. On growth, VEEV holds the edge at +16.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $238M | $3.2B | $1.5B | $41.5B | $638M |
| EBITDAEarnings before interest/tax | $9M | $956M | $290M | $11.4B | $250M |
| Net IncomeAfter-tax profit | -$170M | $909M | $139M | $7.5B | $239M |
| Free Cash FlowCash after capex | $37M | $1.4B | $274M | $14.4B | $314M |
| Gross MarginGross profit ÷ Revenue | +76.0% | +75.5% | +48.7% | +77.7% | +89.7% |
| Operating MarginEBIT ÷ Revenue | -15.6% | +28.7% | +12.2% | +21.5% | +37.4% |
| Net MarginNet income ÷ Revenue | -71.5% | +28.4% | +9.0% | +18.0% | +37.5% |
| FCF MarginFCF ÷ Revenue | +15.6% | +43.7% | +17.8% | +34.7% | +49.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.5% | +16.0% | +7.8% | +12.1% | +9.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -38.9% | +23.9% | +38.8% | +18.3% | -16.2% |
Valuation Metrics
DH leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 23.5x trailing earnings, DOCS trades at a 24% valuation discount to VEEV's 30.9x P/E. Adjusting for growth (PEG ratio), DOCS offers better value at 0.30x vs CRM's 1.95x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $96M | $27.4B | $3.7B | $179.2B | $5.2B |
| Enterprise ValueMkt cap + debt − cash | $111M | $26.0B | $4.2B | $178.6B | $5.0B |
| Trailing P/EPrice ÷ TTM EPS | -0.71x | 30.92x | 29.26x | 23.88x | 23.45x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.50x | 18.98x | 15.46x | 15.82x | 16.83x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.70x | — | 1.95x | 0.30x |
| EV / EBITDAEnterprise value multiple | 7.25x | 28.40x | 13.06x | 20.03x | 21.14x |
| Price / SalesMarket cap ÷ Revenue | 0.40x | 8.56x | 2.45x | 4.32x | 9.18x |
| Price / BookPrice ÷ Book value/share | 0.26x | 3.89x | 2.38x | 3.01x | 4.84x |
| Price / FCFMarket cap ÷ FCF | 2.60x | 19.33x | 17.24x | 12.44x | 19.64x |
Profitability & Efficiency
DOCS leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
DOCS delivers a 24.4% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $-48 for DH. DOCS carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to MMSI's 0.57x. On the Piotroski fundamental quality scale (0–9), DOCS scores 9/9 vs DH's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -48.1% | +13.4% | +8.9% | +12.6% | +24.4% |
| ROA (TTM)Return on assets | -24.5% | +11.1% | +5.2% | +6.6% | +20.7% |
| ROICReturn on invested capital | -2.7% | +12.9% | +7.2% | +10.9% | +20.0% |
| ROCEReturn on capital employed | -2.7% | +13.8% | +7.9% | +11.9% | +22.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 6 | 8 | 9 |
| Debt / EquityFinancial leverage | 0.47x | 0.01x | 0.57x | 0.11x | 0.01x |
| Net DebtTotal debt minus cash | $14M | -$1.3B | $450M | -$590M | -$197M |
| Cash & Equiv.Liquid assets | $164M | $1.4B | $449M | $7.3B | $210M |
| Total DebtShort + long-term debt | $178M | $96M | $898M | $6.7B | $12M |
| Interest CoverageEBIT ÷ Interest expense | -5.53x | — | 10.74x | 44.14x | — |
Total Returns (Dividends Reinvested)
VEEV leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MMSI five years ago would be worth $9,644 today (with dividends reinvested), compared to $213 for DH. Over the past 12 months, VEEV leads with a -29.4% total return vs DH's -66.1%. The 3-year compound annual growth rate (CAGR) favors CRM at -1.4% vs DH's -54.9% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -61.2% | -23.4% | -27.9% | -26.4% | -39.9% |
| 1-Year ReturnPast 12 months | -66.1% | -29.4% | -33.8% | -32.4% | -55.4% |
| 3-Year ReturnCumulative with dividends | -90.8% | -5.2% | -26.5% | -4.0% | -24.2% |
| 5-Year ReturnCumulative with dividends | -97.9% | -35.3% | -3.6% | -12.3% | -50.9% |
| 10-Year ReturnCumulative with dividends | -97.9% | +519.4% | +214.6% | +154.6% | -50.9% |
| CAGR (3Y)Annualised 3-year return | -54.9% | -1.8% | -9.8% | -1.4% | -8.8% |
Risk & Volatility
Evenly matched — MMSI and CRM each lead in 1 of 2 comparable metrics.
Risk & Volatility
MMSI is the less volatile stock with a 0.71 beta — it tends to amplify market swings less than DH's 1.71 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CRM currently trades 62.9% from its 52-week high vs DH's 19.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.71x | 0.77x | 0.71x | 0.82x | 1.03x |
| 52-Week HighHighest price in past year | $4.70 | $310.50 | $100.19 | $296.05 | $76.51 |
| 52-Week LowLowest price in past year | $0.90 | $148.05 | $59.74 | $163.52 | $20.55 |
| % of 52W HighCurrent price vs 52-week peak | +19.6% | +54.2% | +62.2% | +62.9% | +34.0% |
| RSI (14)Momentum oscillator 0–100 | 40.5 | 49.6 | 34.9 | 48.3 | 60.1 |
| Avg Volume (50D)Average daily shares traded | 317K | 2.3M | 769K | 12.4M | 2.7M |
Analyst Outlook
Evenly matched — DH and CRM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DH as "Hold", VEEV as "Buy", MMSI as "Buy", CRM as "Buy", DOCS as "Buy". Consensus price targets imply 239.5% upside for DH (target: $3) vs 52.4% for MMSI (target: $95). For income investors, DH offers the higher dividend yield at 3.20% vs CRM's 0.89%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $3.13 | $280.10 | $95.00 | $287.00 | $42.79 |
| # AnalystsCovering analysts | 15 | 42 | 13 | 97 | 22 |
| Dividend YieldAnnual dividend ÷ price | +3.2% | — | — | +0.9% | — |
| Dividend StreakConsecutive years of raises | 0 | — | — | 2 | — |
| Dividend / ShareAnnual DPS | $0.03 | — | — | $1.66 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +51.3% | +0.6% | 0.0% | +7.0% | +2.3% |
DOCS leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). DH leads in 1 (Valuation Metrics). 2 tied.
DH vs VEEV vs MMSI vs CRM vs DOCS: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DH or VEEV or MMSI or CRM or DOCS a better buy right now?
For growth investors, Doximity, Inc.
(DOCS) is the stronger pick with 20. 0% revenue growth year-over-year, versus -4. 2% for Definitive Healthcare Corp. (DH). Doximity, Inc. (DOCS) offers the better valuation at 23. 5x trailing P/E (16. 8x forward), making it the more compelling value choice. Analysts rate Veeva Systems Inc. (VEEV) a "Buy" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — DH or VEEV or MMSI or CRM or DOCS?
On trailing P/E, Doximity, Inc.
(DOCS) is the cheapest at 23. 5x versus Veeva Systems Inc. at 30. 9x. On forward P/E, Definitive Healthcare Corp. is actually cheaper at 5. 5x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Doximity, Inc. wins at 0. 21x versus Salesforce, Inc. 's 1. 29x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — DH or VEEV or MMSI or CRM or DOCS?
Over the past 5 years, Merit Medical Systems, Inc.
(MMSI) delivered a total return of -3. 6%, compared to -97. 9% for Definitive Healthcare Corp. (DH). Over 10 years, the gap is even starker: VEEV returned +519. 4% versus DH's -97. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DH or VEEV or MMSI or CRM or DOCS?
By beta (market sensitivity over 5 years), Merit Medical Systems, Inc.
(MMSI) is the lower-risk stock at 0. 71β versus Definitive Healthcare Corp. 's 1. 71β — meaning DH is approximately 140% more volatile than MMSI relative to the S&P 500. On balance sheet safety, Doximity, Inc. (DOCS) carries a lower debt/equity ratio of 1% versus 57% for Merit Medical Systems, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — DH or VEEV or MMSI or CRM or DOCS?
By revenue growth (latest reported year), Doximity, Inc.
(DOCS) is pulling ahead at 20. 0% versus -4. 2% for Definitive Healthcare Corp. (DH). On earnings-per-share growth, the picture is similar: Definitive Healthcare Corp. grew EPS 63. 3% year-over-year, compared to 4. 9% for Merit Medical Systems, Inc.. Over a 3-year CAGR, DOCS leads at 18. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — DH or VEEV or MMSI or CRM or DOCS?
Doximity, Inc.
(DOCS) is the more profitable company, earning 39. 1% net margin versus -57. 5% for Definitive Healthcare Corp. — meaning it keeps 39. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DOCS leads at 39. 9% versus -8. 5% for DH. At the gross margin level — before operating expenses — DOCS leads at 90. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is DH or VEEV or MMSI or CRM or DOCS more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Doximity, Inc. (DOCS) is the more undervalued stock at a PEG of 0. 21x versus Salesforce, Inc. 's 1. 29x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Definitive Healthcare Corp. (DH) trades at 5. 5x forward P/E versus 19. 0x for Veeva Systems Inc. — 13. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DH: 239. 5% to $3. 13.
08Which pays a better dividend — DH or VEEV or MMSI or CRM or DOCS?
In this comparison, DH (3.
2% yield), CRM (0. 9% yield) pay a dividend. VEEV, MMSI, DOCS do not pay a meaningful dividend and should not be held primarily for income.
09Is DH or VEEV or MMSI or CRM or DOCS better for a retirement portfolio?
For long-horizon retirement investors, Salesforce, Inc.
(CRM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 82), 0. 9% yield, +154. 6% 10Y return). Definitive Healthcare Corp. (DH) carries a higher beta of 1. 71 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CRM: +154. 6%, DH: -97. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between DH and VEEV and MMSI and CRM and DOCS?
These companies operate in different sectors (DH (Healthcare) and VEEV (Healthcare) and MMSI (Healthcare) and CRM (Technology) and DOCS (Healthcare)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: DH is a small-cap income-oriented stock; VEEV is a mid-cap high-growth stock; MMSI is a small-cap quality compounder stock; CRM is a mid-cap quality compounder stock; DOCS is a small-cap high-growth stock. DH, CRM pay a dividend while VEEV, MMSI, DOCS do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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