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

INTERNATIONAL BANCSHARES CORP is the larger business by last-quarter revenue ($217.7M vs $185.1M, roughly 1.2× Doximity, Inc.). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs 33.3%, a 29.1% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 4.5%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 2.8%).

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.

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

DOCS vs IBOC — Head-to-Head

Bigger by revenue
IBOC
IBOC
1.2× larger
IBOC
$217.7M
$185.1M
DOCS
Growing faster (revenue YoY)
DOCS
DOCS
+5.2% gap
DOCS
9.8%
4.5%
IBOC
Higher net margin
IBOC
IBOC
29.1% more per $
IBOC
62.3%
33.3%
DOCS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
2.8%
IBOC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DOCS
DOCS
IBOC
IBOC
Revenue
$185.1M
$217.7M
Net Profit
$61.6M
$106.9M
Gross Margin
89.9%
Operating Margin
38.9%
62.8%
Net Margin
33.3%
62.3%
Revenue YoY
9.8%
4.5%
Net Profit YoY
-18.1%
-7.1%
EPS (diluted)
$0.31
$1.71

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
IBOC
IBOC
Q4 25
$185.1M
$217.7M
Q3 25
$168.5M
$218.1M
Q2 25
$145.9M
$208.2M
Q1 25
$138.3M
$198.2M
Q4 24
$168.6M
$208.3M
Q3 24
$136.8M
$211.8M
Q2 24
$126.7M
$207.8M
Q1 24
$118.1M
$205.8M
Net Profit
DOCS
DOCS
IBOC
IBOC
Q4 25
$61.6M
$106.9M
Q3 25
$62.1M
$108.4M
Q2 25
$53.3M
$100.1M
Q1 25
$62.5M
$96.9M
Q4 24
$75.2M
$115.1M
Q3 24
$44.2M
$99.8M
Q2 24
$41.4M
$97.0M
Q1 24
$40.6M
$97.3M
Gross Margin
DOCS
DOCS
IBOC
IBOC
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%
Operating Margin
DOCS
DOCS
IBOC
IBOC
Q4 25
38.9%
62.8%
Q3 25
37.8%
62.6%
Q2 25
37.4%
60.5%
Q1 25
35.2%
61.1%
Q4 24
47.4%
64.2%
Q3 24
38.8%
60.0%
Q2 24
36.4%
60.1%
Q1 24
35.5%
59.9%
Net Margin
DOCS
DOCS
IBOC
IBOC
Q4 25
33.3%
62.3%
Q3 25
36.8%
49.7%
Q2 25
36.5%
48.1%
Q1 25
45.2%
48.9%
Q4 24
44.6%
71.5%
Q3 24
32.3%
47.1%
Q2 24
32.7%
46.7%
Q1 24
34.4%
47.3%
EPS (diluted)
DOCS
DOCS
IBOC
IBOC
Q4 25
$0.31
$1.71
Q3 25
$0.31
$1.74
Q2 25
$0.27
$1.61
Q1 25
$0.31
$1.56
Q4 24
$0.37
$1.85
Q3 24
$0.22
$1.60
Q2 24
$0.21
$1.56
Q1 24
$0.20
$1.56

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
IBOC
IBOC
Cash + ST InvestmentsLiquidity on hand
$64.8M
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$3.3B
Total Assets
$1.2B
$16.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
IBOC
IBOC
Q4 25
$64.8M
$5.5B
Q3 25
$169.2M
$5.6B
Q2 25
$137.3M
$5.8B
Q1 25
$209.6M
$5.6B
Q4 24
$165.3M
$5.4B
Q3 24
$184.2M
$5.8B
Q2 24
$111.4M
$5.7B
Q1 24
$96.8M
$5.7B
Stockholders' Equity
DOCS
DOCS
IBOC
IBOC
Q4 25
$979.3M
$3.3B
Q3 25
$1.1B
$3.1B
Q2 25
$1.0B
$3.0B
Q1 25
$1.1B
$2.9B
Q4 24
$1.0B
$2.8B
Q3 24
$961.2M
$2.7B
Q2 24
$913.6M
$2.6B
Q1 24
$901.4M
$2.5B
Total Assets
DOCS
DOCS
IBOC
IBOC
Q4 25
$1.2B
$16.6B
Q3 25
$1.3B
$16.6B
Q2 25
$1.2B
$16.5B
Q1 25
$1.3B
$16.3B
Q4 24
$1.2B
$15.7B
Q3 24
$1.1B
$15.9B
Q2 24
$1.1B
$15.5B
Q1 24
$1.1B
$15.4B

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
IBOC
IBOC
Operating Cash FlowLast quarter
$60.9M
$491.1M
Free Cash FlowOCF − Capex
$472.9M
FCF MarginFCF / Revenue
217.2%
Capex IntensityCapex / Revenue
8.3%
Cash ConversionOCF / Net Profit
0.99×
4.59×
TTM Free Cash FlowTrailing 4 quarters
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
IBOC
IBOC
Q4 25
$60.9M
$491.1M
Q3 25
$93.9M
$115.2M
Q2 25
$62.1M
$95.5M
Q1 25
$98.5M
$140.5M
Q4 24
$65.2M
$473.9M
Q3 24
$68.3M
$116.5M
Q2 24
$41.2M
$107.2M
Q1 24
$63.9M
$135.4M
Free Cash Flow
DOCS
DOCS
IBOC
IBOC
Q4 25
$472.9M
Q3 25
$112.2M
Q2 25
$91.6M
Q1 25
$133.1M
Q4 24
$459.8M
Q3 24
$109.6M
Q2 24
$104.9M
Q1 24
$128.9M
FCF Margin
DOCS
DOCS
IBOC
IBOC
Q4 25
217.2%
Q3 25
51.5%
Q2 25
44.0%
Q1 25
67.1%
Q4 24
220.8%
Q3 24
51.7%
Q2 24
50.5%
Q1 24
62.6%
Capex Intensity
DOCS
DOCS
IBOC
IBOC
Q4 25
8.3%
Q3 25
1.3%
Q2 25
1.9%
Q1 25
0.0%
3.7%
Q4 24
0.0%
6.8%
Q3 24
0.0%
3.3%
Q2 24
0.0%
1.1%
Q1 24
0.0%
3.2%
Cash Conversion
DOCS
DOCS
IBOC
IBOC
Q4 25
0.99×
4.59×
Q3 25
1.51×
1.06×
Q2 25
1.16×
0.95×
Q1 25
1.58×
1.45×
Q4 24
0.87×
4.12×
Q3 24
1.55×
1.17×
Q2 24
1.00×
1.11×
Q1 24
1.57×
1.39×

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%

IBOC
IBOC

Segment breakdown not available.

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