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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $113.9M, roughly 1.6× Industrial Logistics Properties Trust). Doximity, Inc. runs the higher net margin — 33.3% vs -1.6%, a 34.8% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 3.1%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 0.7%).
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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
DOCS vs ILPT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $113.9M |
| Net Profit | $61.6M | $-1.8M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | -22.1% |
| Net Margin | 33.3% | -1.6% |
| Revenue YoY | 9.8% | 3.1% |
| Net Profit YoY | -18.1% | 92.6% |
| EPS (diluted) | $0.31 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $168.5M | $110.9M | ||
| Q2 25 | $145.9M | $112.1M | ||
| Q1 25 | $138.3M | $111.9M | ||
| Q4 24 | $168.6M | $110.5M | ||
| Q3 24 | $136.8M | $108.9M | ||
| Q2 24 | $126.7M | $110.6M | ||
| Q1 24 | $118.1M | $112.2M |
| Q4 25 | $61.6M | $-1.8M | ||
| Q3 25 | $62.1M | $-21.6M | ||
| Q2 25 | $53.3M | $-21.3M | ||
| Q1 25 | $62.5M | $-21.5M | ||
| Q4 24 | $75.2M | $-24.1M | ||
| Q3 24 | $44.2M | $-25.0M | ||
| Q2 24 | $41.4M | $-23.2M | ||
| Q1 24 | $40.6M | $-23.4M |
| 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% | -22.1% | ||
| Q3 25 | 37.8% | -29.4% | ||
| Q2 25 | 37.4% | -30.8% | ||
| Q1 25 | 35.2% | -26.9% | ||
| Q4 24 | 47.4% | -31.1% | ||
| Q3 24 | 38.8% | -33.5% | ||
| Q2 24 | 36.4% | -32.4% | ||
| Q1 24 | 35.5% | -31.7% |
| Q4 25 | 33.3% | -1.6% | ||
| Q3 25 | 36.8% | -19.4% | ||
| Q2 25 | 36.5% | -19.0% | ||
| Q1 25 | 45.2% | -19.2% | ||
| Q4 24 | 44.6% | -21.8% | ||
| Q3 24 | 32.3% | -22.9% | ||
| Q2 24 | 32.7% | -20.9% | ||
| Q1 24 | 34.4% | -20.9% |
| Q4 25 | $0.31 | $-0.02 | ||
| Q3 25 | $0.31 | $-0.33 | ||
| Q2 25 | $0.27 | $-0.32 | ||
| Q1 25 | $0.31 | $-0.33 | ||
| Q4 24 | $0.37 | $-0.37 | ||
| Q3 24 | $0.22 | $-0.38 | ||
| Q2 24 | $0.21 | $-0.35 | ||
| 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 | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $979.3M | $489.7M |
| Total Assets | $1.2B | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $94.8M | ||
| Q3 25 | $169.2M | $83.2M | ||
| Q2 25 | $137.3M | $58.6M | ||
| Q1 25 | $209.6M | $108.0M | ||
| Q4 24 | $165.3M | $131.7M | ||
| Q3 24 | $184.2M | $153.9M | ||
| Q2 24 | $111.4M | $146.2M | ||
| Q1 24 | $96.8M | $128.4M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $979.3M | $489.7M | ||
| Q3 25 | $1.1B | $494.1M | ||
| Q2 25 | $1.0B | $519.1M | ||
| Q1 25 | $1.1B | $539.5M | ||
| Q4 24 | $1.0B | $562.0M | ||
| Q3 24 | $961.2M | $585.9M | ||
| Q2 24 | $913.6M | $618.3M | ||
| Q1 24 | $901.4M | $643.2M |
| Q4 25 | $1.2B | $5.2B | ||
| Q3 25 | $1.3B | $5.2B | ||
| Q2 25 | $1.2B | $5.2B | ||
| Q1 25 | $1.3B | $5.4B | ||
| Q4 24 | $1.2B | $5.4B | ||
| Q3 24 | $1.1B | $5.5B | ||
| Q2 24 | $1.1B | $5.5B | ||
| Q1 24 | $1.1B | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | — | $42.0M |
| FCF MarginFCF / Revenue | — | 36.9% |
| Capex IntensityCapex / Revenue | — | 16.4% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $60.7M | ||
| Q3 25 | $93.9M | $22.7M | ||
| Q2 25 | $62.1M | $18.4M | ||
| Q1 25 | $98.5M | $11.4M | ||
| Q4 24 | $65.2M | $2.0M | ||
| Q3 24 | $68.3M | $-3.4M | ||
| Q2 24 | $41.2M | $10.8M | ||
| Q1 24 | $63.9M | $8.0M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | — | $17.6M | ||
| Q2 25 | — | $15.2M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $-3.7M | ||
| Q3 24 | — | $-5.9M | ||
| Q2 24 | — | $9.4M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | 36.9% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | -3.4% | ||
| Q3 24 | — | -5.5% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | 0.0% | 5.7% | ||
| Q4 24 | 0.0% | 5.2% | ||
| Q3 24 | 0.0% | 2.3% | ||
| Q2 24 | 0.0% | 1.3% | ||
| Q1 24 | 0.0% | 1.9% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
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% |
ILPT
Segment breakdown not available.
