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Side-by-side financial comparison of Doximity, Inc. (DOCS) and JBG SMITH Properties (JBGS). Click either name above to swap in a different company.

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $127.6M, roughly 1.5× JBG SMITH Properties). Doximity, Inc. runs the higher net margin — 33.3% vs -35.7%, a 69.0% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -2.5%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -6.3%).

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.

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

DOCS vs JBGS — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.5× larger
DOCS
$185.1M
$127.6M
JBGS
Growing faster (revenue YoY)
DOCS
DOCS
+12.2% gap
DOCS
9.8%
-2.5%
JBGS
Higher net margin
DOCS
DOCS
69.0% more per $
DOCS
33.3%
-35.7%
JBGS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-6.3%
JBGS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DOCS
DOCS
JBGS
JBGS
Revenue
$185.1M
$127.6M
Net Profit
$61.6M
$-45.5M
Gross Margin
89.9%
Operating Margin
38.9%
-47.5%
Net Margin
33.3%
-35.7%
Revenue YoY
9.8%
-2.5%
Net Profit YoY
-18.1%
24.0%
EPS (diluted)
$0.31
$-0.76

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
JBGS
JBGS
Q4 25
$185.1M
$127.6M
Q3 25
$168.5M
$123.9M
Q2 25
$145.9M
$126.5M
Q1 25
$138.3M
$120.7M
Q4 24
$168.6M
$130.8M
Q3 24
$136.8M
$136.0M
Q2 24
$126.7M
$135.3M
Q1 24
$118.1M
$145.2M
Net Profit
DOCS
DOCS
JBGS
JBGS
Q4 25
$61.6M
$-45.5M
Q3 25
$62.1M
$-28.6M
Q2 25
$53.3M
$-19.2M
Q1 25
$62.5M
$-45.7M
Q4 24
$75.2M
$-59.9M
Q3 24
$44.2M
$-27.0M
Q2 24
$41.4M
$-24.4M
Q1 24
$40.6M
$-32.3M
Gross Margin
DOCS
DOCS
JBGS
JBGS
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
JBGS
JBGS
Q4 25
38.9%
-47.5%
Q3 25
37.8%
-27.5%
Q2 25
37.4%
-18.4%
Q1 25
35.2%
-44.7%
Q4 24
47.4%
-53.6%
Q3 24
38.8%
-22.4%
Q2 24
36.4%
-24.3%
Q1 24
35.5%
-30.1%
Net Margin
DOCS
DOCS
JBGS
JBGS
Q4 25
33.3%
-35.7%
Q3 25
36.8%
-23.1%
Q2 25
36.5%
-15.2%
Q1 25
45.2%
-37.9%
Q4 24
44.6%
-45.8%
Q3 24
32.3%
-19.8%
Q2 24
32.7%
-18.0%
Q1 24
34.4%
-22.2%
EPS (diluted)
DOCS
DOCS
JBGS
JBGS
Q4 25
$0.31
$-0.76
Q3 25
$0.31
$-0.48
Q2 25
$0.27
$-0.29
Q1 25
$0.31
$-0.56
Q4 24
$0.37
$-0.70
Q3 24
$0.22
$-0.32
Q2 24
$0.21
$-0.27
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
DOCS
DOCS
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$64.8M
$75.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$1.2B
Total Assets
$1.2B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
JBGS
JBGS
Q4 25
$64.8M
$75.3M
Q3 25
$169.2M
$64.4M
Q2 25
$137.3M
$61.4M
Q1 25
$209.6M
$81.3M
Q4 24
$165.3M
$145.8M
Q3 24
$184.2M
$137.0M
Q2 24
$111.4M
$163.5M
Q1 24
$96.8M
$220.5M
Stockholders' Equity
DOCS
DOCS
JBGS
JBGS
Q4 25
$979.3M
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.0B
$1.3B
Q1 25
$1.1B
$1.6B
Q4 24
$1.0B
$1.8B
Q3 24
$961.2M
$1.9B
Q2 24
$913.6M
$2.0B
Q1 24
$901.4M
$2.1B
Total Assets
DOCS
DOCS
JBGS
JBGS
Q4 25
$1.2B
$4.4B
Q3 25
$1.3B
$4.4B
Q2 25
$1.2B
$4.5B
Q1 25
$1.3B
$4.7B
Q4 24
$1.2B
$5.0B
Q3 24
$1.1B
$5.2B
Q2 24
$1.1B
$5.3B
Q1 24
$1.1B
$5.4B

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
JBGS
JBGS
Operating Cash FlowLast quarter
$60.9M
$73.3M
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
JBGS
JBGS
Q4 25
$60.9M
$73.3M
Q3 25
$93.9M
$8.9M
Q2 25
$62.1M
$18.8M
Q1 25
$98.5M
$12.9M
Q4 24
$65.2M
$129.4M
Q3 24
$68.3M
$26.4M
Q2 24
$41.2M
$23.8M
Q1 24
$63.9M
$37.0M
Capex Intensity
DOCS
DOCS
JBGS
JBGS
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%
Cash Conversion
DOCS
DOCS
JBGS
JBGS
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
DOCS

Subscription$175.4M95%
Service Other$9.7M5%

JBGS
JBGS

Segment breakdown not available.

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