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Side-by-side financial comparison of Doximity, Inc. (DOCS) and HIGHWOODS PROPERTIES, INC. (HIW). Click either name above to swap in a different company.
HIGHWOODS PROPERTIES, INC. is the larger business by last-quarter revenue ($203.4M vs $185.1M, roughly 1.1× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 14.6%, a 18.6% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -1.1%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -1.9%).
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.
Highwoods Properties, Inc. is a publicly traded real estate investment trust that owns, develops, acquires, and manages high-quality office properties primarily located in fast-growing metropolitan areas across the Southeastern and Mid-Atlantic regions of the United States. Its client base includes corporate tenants across diverse industry segments such as technology, healthcare, finance, and professional services.
DOCS vs HIW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $203.4M |
| Net Profit | $61.6M | $29.7M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 67.2% |
| Net Margin | 33.3% | 14.6% |
| Revenue YoY | 9.8% | -1.1% |
| Net Profit YoY | -18.1% | 1029.4% |
| EPS (diluted) | $0.31 | $0.25 |
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.
| Q4 25 | $185.1M | $203.4M | ||
| Q3 25 | $168.5M | $201.8M | ||
| Q2 25 | $145.9M | $200.6M | ||
| Q1 25 | $138.3M | $200.4M | ||
| Q4 24 | $168.6M | $205.5M | ||
| Q3 24 | $136.8M | $204.3M | ||
| Q2 24 | $126.7M | $204.7M | ||
| Q1 24 | $118.1M | $211.3M |
| Q4 25 | $61.6M | $29.7M | ||
| Q3 25 | $62.1M | $13.7M | ||
| Q2 25 | $53.3M | $19.2M | ||
| Q1 25 | $62.5M | $100.0M | ||
| Q4 24 | $75.2M | $-3.2M | ||
| Q3 24 | $44.2M | $15.5M | ||
| Q2 24 | $41.4M | $64.8M | ||
| Q1 24 | $40.6M | $27.2M |
| Q4 25 | 89.9% | — | ||
| Q3 25 | 90.3% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 89.5% | — | ||
| Q4 24 | 91.6% | — | ||
| Q3 24 | 90.0% | — | ||
| Q2 24 | 89.3% | — | ||
| Q1 24 | 89.4% | — |
| Q4 25 | 38.9% | 67.2% | ||
| Q3 25 | 37.8% | 67.3% | ||
| Q2 25 | 37.4% | 68.3% | ||
| Q1 25 | 35.2% | 67.5% | ||
| Q4 24 | 47.4% | 65.2% | ||
| Q3 24 | 38.8% | 67.8% | ||
| Q2 24 | 36.4% | 68.5% | ||
| Q1 24 | 35.5% | 66.7% |
| Q4 25 | 33.3% | 14.6% | ||
| Q3 25 | 36.8% | 6.8% | ||
| Q2 25 | 36.5% | 9.6% | ||
| Q1 25 | 45.2% | 49.9% | ||
| Q4 24 | 44.6% | -1.6% | ||
| Q3 24 | 32.3% | 7.6% | ||
| Q2 24 | 32.7% | 31.6% | ||
| Q1 24 | 34.4% | 12.9% |
| Q4 25 | $0.31 | $0.25 | ||
| Q3 25 | $0.31 | $0.12 | ||
| Q2 25 | $0.27 | $0.17 | ||
| Q1 25 | $0.31 | $0.91 | ||
| Q4 24 | $0.37 | $-0.04 | ||
| Q3 24 | $0.22 | $0.14 | ||
| Q2 24 | $0.21 | $0.59 | ||
| Q1 24 | $0.20 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.8M | $27.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $2.4B |
| Total Assets | $1.2B | $6.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $27.4M | ||
| Q3 25 | $169.2M | $26.3M | ||
| Q2 25 | $137.3M | $21.2M | ||
| Q1 25 | $209.6M | $20.1M | ||
| Q4 24 | $165.3M | $22.4M | ||
| Q3 24 | $184.2M | $23.6M | ||
| Q2 24 | $111.4M | $27.0M | ||
| Q1 24 | $96.8M | $16.4M |
| Q4 25 | $979.3M | $2.4B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $961.2M | $2.4B | ||
| Q2 24 | $913.6M | $2.4B | ||
| Q1 24 | $901.4M | $2.4B |
| Q4 25 | $1.2B | $6.3B | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $1.3B | $6.1B | ||
| Q4 24 | $1.2B | $6.0B | ||
| Q3 24 | $1.1B | $6.0B | ||
| Q2 24 | $1.1B | $6.0B | ||
| Q1 24 | $1.1B | $6.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $60.9M | $359.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 12.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $359.2M | ||
| Q3 25 | $93.9M | $96.7M | ||
| Q2 25 | $62.1M | $116.5M | ||
| Q1 25 | $98.5M | $46.3M | ||
| Q4 24 | $65.2M | $403.6M | ||
| Q3 24 | $68.3M | $97.5M | ||
| Q2 24 | $41.2M | $130.0M | ||
| Q1 24 | $63.9M | $72.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 0.99× | 12.09× | ||
| Q3 25 | 1.51× | 7.05× | ||
| Q2 25 | 1.16× | 6.06× | ||
| Q1 25 | 1.58× | 0.46× | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | 6.30× | ||
| Q2 24 | 1.00× | 2.01× | ||
| Q1 24 | 1.57× | 2.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
HIW
| Raleigh NC | $45.6M | 22% |
| Nashville TN | $38.7M | 19% |
| Atlanta GA | $36.1M | 18% |
| Charlotte NC | $26.1M | 13% |
| Tampa FL | $22.2M | 11% |
| Orlando FL | $14.4M | 7% |
| Other | $11.4M | 6% |
| Richmond VA | $8.8M | 4% |
