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Side-by-side financial comparison of Babcock & Wilcox Enterprises, Inc. (BW) and Doximity, Inc. (DOCS). Click either name above to swap in a different company.

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $113.4M, roughly 1.6× Babcock & Wilcox Enterprises, Inc.). On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 0.6%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -16.9%).

Babcock & Wilcox Enterprises, Inc. is an American energy technology and service provider that is active and has operations in many international markets with its headquarters in Akron, Ohio. Historically, the company is best known for their steam boilers.

Doximity is an online networking service for medical professionals. Launched in 2010, the platform offers its members curated medical news, telehealth tools, and case collaboration.

BW vs DOCS — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.6× larger
DOCS
$185.1M
$113.4M
BW
Growing faster (revenue YoY)
DOCS
DOCS
+9.1% gap
DOCS
9.8%
0.6%
BW
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-16.9%
BW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BW
BW
DOCS
DOCS
Revenue
$113.4M
$185.1M
Net Profit
$61.6M
Gross Margin
20.6%
89.9%
Operating Margin
0.2%
38.9%
Net Margin
33.3%
Revenue YoY
0.6%
9.8%
Net Profit YoY
-18.1%
EPS (diluted)
$0.11
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BW
BW
DOCS
DOCS
Q4 25
$113.4M
$185.1M
Q3 25
$149.0M
$168.5M
Q2 25
$144.1M
$145.9M
Q1 25
$181.2M
$138.3M
Q4 24
$112.7M
$168.6M
Q3 24
$152.6M
$136.8M
Q2 24
$151.4M
$126.7M
Q1 24
$164.3M
$118.1M
Net Profit
BW
BW
DOCS
DOCS
Q4 25
$61.6M
Q3 25
$35.1M
$62.1M
Q2 25
$-58.5M
$53.3M
Q1 25
$-22.0M
$62.5M
Q4 24
$-63.1M
$75.2M
Q3 24
$-5.3M
$44.2M
Q2 24
$25.4M
$41.4M
Q1 24
$-16.8M
$40.6M
Gross Margin
BW
BW
DOCS
DOCS
Q4 25
20.6%
89.9%
Q3 25
24.9%
90.3%
Q2 25
30.0%
89.2%
Q1 25
22.1%
89.5%
Q4 24
16.7%
91.6%
Q3 24
23.7%
90.0%
Q2 24
21.8%
89.3%
Q1 24
23.6%
89.4%
Operating Margin
BW
BW
DOCS
DOCS
Q4 25
0.2%
38.9%
Q3 25
4.4%
37.8%
Q2 25
5.6%
37.4%
Q1 25
3.2%
35.2%
Q4 24
-8.1%
47.4%
Q3 24
1.0%
38.8%
Q2 24
-2.9%
36.4%
Q1 24
3.5%
35.5%
Net Margin
BW
BW
DOCS
DOCS
Q4 25
33.3%
Q3 25
23.5%
36.8%
Q2 25
-40.6%
36.5%
Q1 25
-12.1%
45.2%
Q4 24
-56.0%
44.6%
Q3 24
-3.5%
32.3%
Q2 24
16.8%
32.7%
Q1 24
-10.2%
34.4%
EPS (diluted)
BW
BW
DOCS
DOCS
Q4 25
$0.11
$0.31
Q3 25
$0.30
$0.31
Q2 25
$-0.63
$0.27
Q1 25
$-0.26
$0.31
Q4 24
$-0.73
$0.37
Q3 24
$-0.10
$0.22
Q2 24
$0.24
$0.21
Q1 24
$-0.23
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BW
BW
DOCS
DOCS
Cash + ST InvestmentsLiquidity on hand
$89.5M
$64.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-131.5M
$979.3M
Total Assets
$662.9M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BW
BW
DOCS
DOCS
Q4 25
$89.5M
$64.8M
Q3 25
$25.2M
$169.2M
Q2 25
$23.4M
$137.3M
Q1 25
$23.5M
$209.6M
Q4 24
$26.9M
$165.3M
Q3 24
$30.6M
$184.2M
Q2 24
$95.5M
$111.4M
Q1 24
$43.9M
$96.8M
Stockholders' Equity
BW
BW
DOCS
DOCS
Q4 25
$-131.5M
$979.3M
Q3 25
$-232.2M
$1.1B
Q2 25
$-309.2M
$1.0B
Q1 25
$-303.0M
$1.1B
Q4 24
$-283.8M
$1.0B
Q3 24
$-203.7M
$961.2M
Q2 24
$-198.9M
$913.6M
Q1 24
$-223.0M
$901.4M
Total Assets
BW
BW
DOCS
DOCS
Q4 25
$662.9M
$1.2B
Q3 25
$657.9M
$1.3B
Q2 25
$703.5M
$1.2B
Q1 25
$719.7M
$1.3B
Q4 24
$727.0M
$1.2B
Q3 24
$804.6M
$1.1B
Q2 24
$849.1M
$1.1B
Q1 24
$795.5M
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BW
BW
DOCS
DOCS
Operating Cash FlowLast quarter
$-3.0M
$60.9M
Free Cash FlowOCF − Capex
$-7.2M
FCF MarginFCF / Revenue
-6.3%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters
$-85.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BW
BW
DOCS
DOCS
Q4 25
$-3.0M
$60.9M
Q3 25
$-32.1M
$93.9M
Q2 25
$-25.3M
$62.1M
Q1 25
$-8.5M
$98.5M
Q4 24
$-22.5M
$65.2M
Q3 24
$-69.5M
$68.3M
Q2 24
$-11.8M
$41.2M
Q1 24
$-14.9M
$63.9M
Free Cash Flow
BW
BW
DOCS
DOCS
Q4 25
$-7.2M
Q3 25
$-37.6M
Q2 25
$-28.1M
Q1 25
$-12.8M
Q4 24
$-23.6M
Q3 24
$-71.6M
Q2 24
$-16.4M
Q1 24
$-18.3M
FCF Margin
BW
BW
DOCS
DOCS
Q4 25
-6.3%
Q3 25
-25.3%
Q2 25
-19.5%
Q1 25
-7.1%
Q4 24
-20.9%
Q3 24
-46.9%
Q2 24
-10.8%
Q1 24
-11.2%
Capex Intensity
BW
BW
DOCS
DOCS
Q4 25
3.7%
Q3 25
3.7%
Q2 25
1.9%
Q1 25
2.4%
0.0%
Q4 24
1.0%
0.0%
Q3 24
1.4%
0.0%
Q2 24
3.0%
0.0%
Q1 24
2.1%
0.0%
Cash Conversion
BW
BW
DOCS
DOCS
Q4 25
0.99×
Q3 25
-0.92×
1.51×
Q2 25
1.16×
Q1 25
1.58×
Q4 24
0.87×
Q3 24
1.55×
Q2 24
-0.46×
1.00×
Q1 24
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BW
BW

Construction$98.8M87%
Other$14.6M13%

DOCS
DOCS

Subscription$175.4M95%
Service Other$9.7M5%

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