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Side-by-side financial comparison of Doximity, Inc. (DOCS) and H2O AMERICA (HTO). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $185.1M, roughly 1.1× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 8.1%, a 25.1% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 1.5%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 15.3%).
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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
DOCS vs HTO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $199.4M |
| Net Profit | $61.6M | $16.2M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 16.6% |
| Net Margin | 33.3% | 8.1% |
| Revenue YoY | 9.8% | 1.5% |
| Net Profit YoY | -18.1% | -29.2% |
| EPS (diluted) | $0.31 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $168.5M | $243.5M | ||
| Q2 25 | $145.9M | $197.8M | ||
| Q1 25 | $138.3M | $164.9M | ||
| Q4 24 | $168.6M | $196.5M | ||
| Q3 24 | $136.8M | $216.7M | ||
| Q2 24 | $126.7M | $173.1M | ||
| Q1 24 | $118.1M | $150.0M |
| Q4 25 | $61.6M | $16.2M | ||
| Q3 25 | $62.1M | $45.1M | ||
| Q2 25 | $53.3M | $24.7M | ||
| Q1 25 | $62.5M | $16.6M | ||
| Q4 24 | $75.2M | $22.9M | ||
| Q3 24 | $44.2M | $38.7M | ||
| Q2 24 | $41.4M | $20.7M | ||
| Q1 24 | $40.6M | $11.7M |
| 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% | 16.6% | ||
| Q3 25 | 37.8% | 26.5% | ||
| Q2 25 | 37.4% | 22.2% | ||
| Q1 25 | 35.2% | 21.8% | ||
| Q4 24 | 47.4% | 22.2% | ||
| Q3 24 | 38.8% | 26.9% | ||
| Q2 24 | 36.4% | 23.4% | ||
| Q1 24 | 35.5% | 18.6% |
| Q4 25 | 33.3% | 8.1% | ||
| Q3 25 | 36.8% | 18.5% | ||
| Q2 25 | 36.5% | 12.5% | ||
| Q1 25 | 45.2% | 10.0% | ||
| Q4 24 | 44.6% | 11.7% | ||
| Q3 24 | 32.3% | 17.8% | ||
| Q2 24 | 32.7% | 12.0% | ||
| Q1 24 | 34.4% | 7.8% |
| Q4 25 | $0.31 | $0.45 | ||
| Q3 25 | $0.31 | $1.27 | ||
| Q2 25 | $0.27 | $0.71 | ||
| Q1 25 | $0.31 | $0.49 | ||
| Q4 24 | $0.37 | $0.70 | ||
| Q3 24 | $0.22 | $1.17 | ||
| Q2 24 | $0.21 | $0.64 | ||
| Q1 24 | $0.20 | $0.36 |
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 | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $979.3M | $1.5B |
| Total Assets | $1.2B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $20.7M | ||
| Q3 25 | $169.2M | $11.3M | ||
| Q2 25 | $137.3M | $19.8M | ||
| Q1 25 | $209.6M | $23.7M | ||
| Q4 24 | $165.3M | $11.1M | ||
| Q3 24 | $184.2M | $4.0M | ||
| Q2 24 | $111.4M | $22.8M | ||
| Q1 24 | $96.8M | $4.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $979.3M | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $961.2M | $1.3B | ||
| Q2 24 | $913.6M | $1.3B | ||
| Q1 24 | $901.4M | $1.2B |
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.4B | ||
| Q1 24 | $1.1B | $4.4B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $63.5M | ||
| Q3 25 | $93.9M | $77.3M | ||
| Q2 25 | $62.1M | $60.8M | ||
| Q1 25 | $98.5M | $43.2M | ||
| Q4 24 | $65.2M | $41.5M | ||
| Q3 24 | $68.3M | $53.5M | ||
| Q2 24 | $41.2M | $49.3M | ||
| Q1 24 | $63.9M | $51.2M |
| 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× | 3.92× | ||
| Q3 25 | 1.51× | 1.71× | ||
| Q2 25 | 1.16× | 2.47× | ||
| Q1 25 | 1.58× | 2.61× | ||
| Q4 24 | 0.87× | 1.81× | ||
| Q3 24 | 1.55× | 1.39× | ||
| Q2 24 | 1.00× | 2.38× | ||
| Q1 24 | 1.57× | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
