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Side-by-side financial comparison of Doximity, Inc. (DOCS) and HANCOCK WHITNEY CORP (HWC). Click either name above to swap in a different company.

HANCOCK WHITNEY CORP is the larger business by last-quarter revenue ($295.0M vs $185.1M, roughly 1.6× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 16.1%, a 17.2% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -19.7%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -9.4%).

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.

Hancock Whitney Corp. is an American bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of the New Orleans Saints and issues the official debit card. The bank is also the official bank of LSU Athletics and the Louisiana Ragin' Cajuns, being the exclusive provider of credit cards for the LSU Tigers, as well as debit cards for both athletic brands.

DOCS vs HWC — Head-to-Head

Bigger by revenue
HWC
HWC
1.6× larger
HWC
$295.0M
$185.1M
DOCS
Growing faster (revenue YoY)
DOCS
DOCS
+29.5% gap
DOCS
9.8%
-19.7%
HWC
Higher net margin
DOCS
DOCS
17.2% more per $
DOCS
33.3%
16.1%
HWC
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-9.4%
HWC

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCS
DOCS
HWC
HWC
Revenue
$185.1M
$295.0M
Net Profit
$61.6M
$47.4M
Gross Margin
89.9%
Operating Margin
38.9%
Net Margin
33.3%
16.1%
Revenue YoY
9.8%
-19.7%
Net Profit YoY
-18.1%
-60.3%
EPS (diluted)
$0.31
$0.57

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
DOCS
DOCS
HWC
HWC
Q1 26
$295.0M
Q4 25
$185.1M
$389.3M
Q3 25
$168.5M
$385.7M
Q2 25
$145.9M
$375.5M
Q1 25
$138.3M
$364.7M
Q4 24
$168.6M
$364.8M
Q3 24
$136.8M
$367.7M
Q2 24
$126.7M
$359.6M
Net Profit
DOCS
DOCS
HWC
HWC
Q1 26
$47.4M
Q4 25
$61.6M
Q3 25
$62.1M
$127.5M
Q2 25
$53.3M
Q1 25
$62.5M
Q4 24
$75.2M
Q3 24
$44.2M
$115.6M
Q2 24
$41.4M
Gross Margin
DOCS
DOCS
HWC
HWC
Q1 26
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%
Operating Margin
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
38.9%
40.7%
Q3 25
37.8%
41.6%
Q2 25
37.4%
38.5%
Q1 25
35.2%
40.9%
Q4 24
47.4%
41.3%
Q3 24
38.8%
39.5%
Q2 24
36.4%
40.3%
Net Margin
DOCS
DOCS
HWC
HWC
Q1 26
16.1%
Q4 25
33.3%
Q3 25
36.8%
33.0%
Q2 25
36.5%
Q1 25
45.2%
Q4 24
44.6%
Q3 24
32.3%
31.4%
Q2 24
32.7%
EPS (diluted)
DOCS
DOCS
HWC
HWC
Q1 26
$0.57
Q4 25
$0.31
$1.48
Q3 25
$0.31
$1.49
Q2 25
$0.27
$1.32
Q1 25
$0.31
$1.38
Q4 24
$0.37
$1.40
Q3 24
$0.22
$1.33
Q2 24
$0.21
$1.31

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
HWC
HWC
Cash + ST InvestmentsLiquidity on hand
$64.8M
$223.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$979.3M
Total Assets
$1.2B
$35.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
HWC
HWC
Q1 26
$223.7M
Q4 25
$64.8M
Q3 25
$169.2M
Q2 25
$137.3M
Q1 25
$209.6M
Q4 24
$165.3M
Q3 24
$184.2M
Q2 24
$111.4M
Total Debt
DOCS
DOCS
HWC
HWC
Q1 26
$1.6B
Q4 25
$199.4M
Q3 25
$210.7M
Q2 25
$210.6M
Q1 25
$210.6M
Q4 24
$210.5M
Q3 24
$236.4M
Q2 24
$236.4M
Stockholders' Equity
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
$979.3M
$4.5B
Q3 25
$1.1B
$4.5B
Q2 25
$1.0B
$4.4B
Q1 25
$1.1B
$4.3B
Q4 24
$1.0B
$4.1B
Q3 24
$961.2M
$4.2B
Q2 24
$913.6M
$3.9B
Total Assets
DOCS
DOCS
HWC
HWC
Q1 26
$35.5B
Q4 25
$1.2B
$35.5B
Q3 25
$1.3B
$35.8B
Q2 25
$1.2B
$35.2B
Q1 25
$1.3B
$34.8B
Q4 24
$1.2B
$35.1B
Q3 24
$1.1B
$35.2B
Q2 24
$1.1B
$35.4B
Debt / Equity
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
0.04×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
DOCS
DOCS
HWC
HWC
Operating Cash FlowLast quarter
$60.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
$60.9M
$541.8M
Q3 25
$93.9M
$158.8M
Q2 25
$62.1M
$125.8M
Q1 25
$98.5M
$104.2M
Q4 24
$65.2M
$625.7M
Q3 24
$68.3M
$162.5M
Q2 24
$41.2M
$105.0M
Free Cash Flow
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
$523.1M
Q3 25
$155.0M
Q2 25
$122.0M
Q1 25
$100.2M
Q4 24
$615.5M
Q3 24
$158.6M
Q2 24
$103.7M
FCF Margin
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
134.4%
Q3 25
40.2%
Q2 25
32.5%
Q1 25
27.5%
Q4 24
168.7%
Q3 24
43.1%
Q2 24
28.8%
Capex Intensity
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
4.8%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
0.0%
1.1%
Q4 24
0.0%
2.8%
Q3 24
0.0%
1.1%
Q2 24
0.0%
0.4%
Cash Conversion
DOCS
DOCS
HWC
HWC
Q1 26
Q4 25
0.99×
Q3 25
1.51×
1.25×
Q2 25
1.16×
Q1 25
1.58×
Q4 24
0.87×
Q3 24
1.55×
1.41×
Q2 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOCS
DOCS

Subscription$175.4M95%
Service Other$9.7M5%

HWC
HWC

Segment breakdown not available.

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