Last 24 quarters of trend data · Healthcare · Medical - Healthcare Information Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Doximity, Inc.'s quarterly P/E stands at 58.3x, up 24.5% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 22.3% YoY to 43.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.45 | 58.25 | 35.71 | 58.99 | 56.80 | 46.80 | 36.07 | 49.51 | 33.30 | 33.64 | 29.21 | 35.37 | 65.42 |
| — | +24.5% | -1.0% | +19.1% | +70.6% | +39.1% | +23.5% | +40.0% | -49.1% | -41.8% | -44.3% | -43.8% | -24.8% | |
| P/S Ratio | 5.81 | 7.81 | 11.92 | 21.78 | 21.14 | 21.29 | 16.01 | 15.95 | 11.00 | 11.46 | 10.39 | 9.76 | 16.65 |
| — | -63.3% | -25.6% | +36.5% | +92.2% | +85.8% | +54.1% | +63.5% | -34.0% | -26.2% | -32.7% | -38.3% | -19.3% | |
| P/B Ratio | 4.20 | 4.78 | 9.01 | 13.40 | 12.03 | 10.88 | 10.47 | 9.08 | 6.10 | 6.00 | 6.50 | 5.09 | 7.29 |
| — | -56.1% | -14.0% | +47.6% | +97.3% | +81.2% | +61.1% | +78.5% | -16.3% | -15.8% | -15.0% | -30.8% | -12.1% | |
| P/FCF | — | — | 35.09 | 40.09 | 51.30 | 30.37 | 42.56 | 32.68 | 35.23 | 21.71 | 28.84 | 95.43 | 32.46 |
| — | — | -17.6% | +22.7% | +45.6% | +39.8% | +47.6% | -65.8% | +8.5% | -42.5% | -23.0% | +122.6% | -26.0% | |
| EV / EBITDA | 16.47 | 43.65 | 28.88 | 52.75 | 53.28 | 56.21 | 32.23 | 38.39 | 28.15 | 30.01 | 22.57 | 29.82 | 53.68 |
| — | -22.3% | -10.4% | +37.4% | +89.2% | +87.3% | +42.8% | +28.7% | -47.6% | -36.7% | -47.0% | -35.4% | -30.1% | |
| EV / EBIT | 16.47 | 43.65 | 30.49 | 49.79 | 47.60 | 59.48 | 33.30 | 38.60 | 29.72 | 31.84 | 23.54 | 26.01 | 58.39 |
| — | -26.6% | -8.4% | +29.0% | +60.2% | +86.8% | +41.5% | +48.4% | -49.1% | -38.0% | -48.2% | -47.9% | -31.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Doximity, Inc.'s operating margin was 17.1% in Q4 2026, down 21.8 pp QoQ and down 18.1 pp YoY. The trailing four-quarter average of 32.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 3.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.1% | 86.7% | 89.9% | 90.3% | 89.2% | 89.5% | 91.6% | 90.0% | 89.3% | 89.4% | 91.0% | 88.8% | 87.9% |
| — | -3.2% | -1.9% | +0.3% | -0.1% | +0.2% | +0.7% | +1.4% | +1.6% | +1.9% | +3.1% | +1.9% | +2.7% | |
| Operating Margin | 33.3% | 17.1% | 38.9% | 37.8% | 37.4% | 35.2% | 47.4% | 38.8% | 36.4% | 35.5% | 43.3% | 29.7% | 27.4% |
| — | -51.5% | -18.0% | -2.7% | +2.8% | -0.7% | +9.5% | +30.6% | +32.9% | +19.8% | +29.6% | -5.3% | +14.4% | |
| Net Margin | 30.4% | 13.1% | 33.3% | 36.8% | 36.5% | 45.2% | 44.6% | 32.3% | 32.7% | 34.4% | 35.4% | 26.9% | 26.2% |
| — | -70.9% | -25.4% | +14.1% | +11.9% | +31.3% | +25.8% | +19.8% | +24.7% | +24.5% | +22.1% | +4.7% | +6.0% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 2.0% | 5.9% | 5.9% | 5.1% | 5.9% | 7.5% | 4.7% | 4.6% | 4.6% | 5.5% | 3.3% | 2.9% |
| — | -66.5% | -21.4% | +24.2% | +10.9% | +28.5% | +36.6% | +43.3% | +57.1% | +42.2% | +49.3% | +11.3% | +15.5% | |
| ROA | 16.4% | 1.7% | 5.1% | 5.0% | 4.3% | 5.1% | 6.6% | 4.0% | 3.8% | 3.9% | 4.7% | 2.8% | 2.5% |
| — | -67.3% | -22.3% | +25.2% | +12.4% | +31.3% | +38.7% | +43.4% | +55.0% | +40.3% | +48.2% | +11.0% | +13.2% | |
| ROIC | 19.8% | 2.2% | 5.8% | 5.2% | 4.6% | 4.1% | 7.2% | 5.0% | 4.2% | 4.0% | 5.7% | 3.4% | 2.9% |
| — | -46.0% | -19.4% | +4.8% | +8.4% | +3.9% | +25.5% | +44.7% | +44.5% | +32.1% | +61.6% | +15.7% | +41.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Doximity, Inc.'s Debt/EBITDA ratio is 0.4x, up from 0.1x last quarter — comfortably within a safe range. The current ratio has weakened 12.5% YoY to 6.09x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| — | -6.4% | -13.0% | -26.7% | -24.8% | -29.0% | -27.9% | -18.7% | -2.7% | -0.3% | +3.6% | -2.9% | +21.0% | |
| Debt / EBITDA | 0.05 | 0.41 | 0.14 | 0.16 | 0.21 | 0.24 | 0.16 | 0.24 | 0.29 | 0.33 | 0.25 | 0.41 | 0.48 |
| — | +70.5% | -10.1% | -32.4% | -28.4% | -26.5% | -36.4% | -41.5% | -40.4% | -25.5% | -35.2% | -8.2% | -1.0% | |
| Current Ratio | 6.09 | 6.09 | 6.63 | 7.79 | 6.47 | 6.97 | 8.74 | 7.24 | 6.72 | 6.20 | 8.03 | 7.00 | 7.46 |
| — | -12.5% | -24.1% | +7.5% | -3.7% | +12.4% | +8.9% | +3.4% | -10.0% | -11.3% | -5.4% | -2.4% | +3.0% | |
| Quick Ratio | 6.09 | 6.09 | 6.63 | 7.79 | 6.47 | 6.97 | 8.74 | 7.24 | 6.72 | 6.20 | 8.03 | 7.00 | 7.46 |
| — | -12.5% | -24.1% | +7.5% | -3.7% | +12.4% | +8.9% | +3.4% | -10.0% | -11.3% | -5.4% | -2.4% | +3.0% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
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Doximity, Inc.'s current P/E is 20.4x. The average P/E over the last 4 quarters is 52.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Doximity, Inc.'s current operating margin is 33.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Doximity, Inc.'s business trajectory between earnings reports.