Stocktoria

Doximity, Inc. DOCS

NYSE · stock · Services-Computer Programming Services · website · IPO 2021-06-24

Doximity, Inc. statistics & valuation

Market cap$3.8B
P / E19.5×
P / S5.9×
P / B4.0×
P / FCF11.7×
Net margin30.4%
Return on equity20.6%
FCF margin50.6%
Return on capital22.2%
Graham number -58.9%$10.26

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($10.26); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
24.30% 45.10% 26.90% 31.00% 39.10% 30.40% 202120222023202420252026
Gross margin (%)
84.90% 88.40% 87.20% 89.30% 90.20% 89.10% 202120222023202420252026
Operating margin (%)
25.80% 33.00% 29.90% 34.50% 39.90% 33.30% 202120222023202420252026
Return on equity (%)
75.20% 17.60% 11.70% 16.40% 20.60% 20.60% 202120222023202420252026
Shares outstanding
95.1M 192.4M 213.4M 205.7M 201.2M 199.0M 202120222023202420252026
Net debt ($)
202120222023202420252026
Share buybacks ($)
202120222023202420252026
Return on assets (%)
19.90% 15.60% 9.90% 13.70% 17.70% 17.40% 202120222023202420252026
Free cash flow margin (%)
40.00% 36.30% 42.50% 38.70% 47.90% 50.60% 202120222023202420252026
Debt / equity (×)
202120222023202420252026
EPS ($)
$0.23 $0.70 $0.53 $0.72 $1.11 $0.98 202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Doximity, Inc. trades at about 25.5× earnings — below its 10-year norm (10-year range 24.9×–69.3×, median 51.2×).

24.9× 69.3×

Shaded band = 10-year range (24.9×–69.3×); dot = today's 25.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021
Gross margin89.1%90.2%89.3%87.2%88.4%84.9%
Operating margin33.3%39.9%34.5%29.9%33.0%25.8%
Net margin30.4%39.1%31.0%26.9%45.1%24.3%
FCF margin50.6%47.9%38.7%42.5%36.3%40.0%
Return on assets17.4%17.7%13.7%9.9%15.6%19.9%
Return on equity20.6%20.6%16.4%11.7%17.6%75.2%
Current ratio6.096.976.206.998.122.05

Computed from company filings · US · as of 2026-03-31. Facts plus Stocktoria's own computed scores — not investment advice.