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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 33.3%, a 14.8% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -11.0%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -6.0%).

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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

DOCS vs KW — Head-to-Head

Bigger by revenue
DOCS
DOCS
1.5× larger
DOCS
$185.1M
$120.6M
KW
Growing faster (revenue YoY)
DOCS
DOCS
+20.8% gap
DOCS
9.8%
-11.0%
KW
Higher net margin
KW
KW
14.8% more per $
KW
48.1%
33.3%
DOCS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-6.0%
KW

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DOCS
DOCS
KW
KW
Revenue
$185.1M
$120.6M
Net Profit
$61.6M
$58.0M
Gross Margin
89.9%
Operating Margin
38.9%
57.3%
Net Margin
33.3%
48.1%
Revenue YoY
9.8%
-11.0%
Net Profit YoY
-18.1%
32.7%
EPS (diluted)
$0.31
$0.22

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
KW
KW
Q4 25
$185.1M
$120.6M
Q3 25
$168.5M
$116.4M
Q2 25
$145.9M
$135.7M
Q1 25
$138.3M
$128.3M
Q4 24
$168.6M
$135.5M
Q3 24
$136.8M
$127.5M
Q2 24
$126.7M
$132.0M
Q1 24
$118.1M
$136.4M
Net Profit
DOCS
DOCS
KW
KW
Q4 25
$61.6M
$58.0M
Q3 25
$62.1M
$-10.2M
Q2 25
$53.3M
$5.6M
Q1 25
$62.5M
$-29.6M
Q4 24
$75.2M
$43.7M
Q3 24
$44.2M
$-66.8M
Q2 24
$41.4M
$-48.3M
Q1 24
$40.6M
$37.7M
Gross Margin
DOCS
DOCS
KW
KW
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
KW
KW
Q4 25
38.9%
57.3%
Q3 25
37.8%
-6.2%
Q2 25
37.4%
7.4%
Q1 25
35.2%
-26.9%
Q4 24
47.4%
36.7%
Q3 24
38.8%
-60.8%
Q2 24
36.4%
-45.5%
Q1 24
35.5%
47.2%
Net Margin
DOCS
DOCS
KW
KW
Q4 25
33.3%
48.1%
Q3 25
36.8%
-8.8%
Q2 25
36.5%
4.1%
Q1 25
45.2%
-23.1%
Q4 24
44.6%
32.3%
Q3 24
32.3%
-52.4%
Q2 24
32.7%
-36.6%
Q1 24
34.4%
27.6%
EPS (diluted)
DOCS
DOCS
KW
KW
Q4 25
$0.31
$0.22
Q3 25
$0.31
$-0.15
Q2 25
$0.27
$-0.05
Q1 25
$0.31
$-0.30
Q4 24
$0.37
$0.24
Q3 24
$0.22
$-0.56
Q2 24
$0.21
$-0.43
Q1 24
$0.20
$0.19

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
KW
KW
Cash + ST InvestmentsLiquidity on hand
$64.8M
$184.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$1.5B
Total Assets
$1.2B
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
KW
KW
Q4 25
$64.8M
$184.5M
Q3 25
$169.2M
$382.6M
Q2 25
$137.3M
$309.1M
Q1 25
$209.6M
$356.6M
Q4 24
$165.3M
$217.5M
Q3 24
$184.2M
$367.1M
Q2 24
$111.4M
$366.5M
Q1 24
$96.8M
$541.9M
Stockholders' Equity
DOCS
DOCS
KW
KW
Q4 25
$979.3M
$1.5B
Q3 25
$1.1B
$1.5B
Q2 25
$1.0B
$1.6B
Q1 25
$1.1B
$1.6B
Q4 24
$1.0B
$1.6B
Q3 24
$961.2M
$1.6B
Q2 24
$913.6M
$1.7B
Q1 24
$901.4M
$1.7B
Total Assets
DOCS
DOCS
KW
KW
Q4 25
$1.2B
$6.6B
Q3 25
$1.3B
$6.7B
Q2 25
$1.2B
$6.8B
Q1 25
$1.3B
$7.2B
Q4 24
$1.2B
$7.0B
Q3 24
$1.1B
$7.4B
Q2 24
$1.1B
$7.5B
Q1 24
$1.1B
$7.7B

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
KW
KW
Operating Cash FlowLast quarter
$60.9M
$11.4M
Free Cash FlowOCF − Capex
$-55.2M
FCF MarginFCF / Revenue
-45.8%
Capex IntensityCapex / Revenue
55.2%
Cash ConversionOCF / Net Profit
0.99×
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCS
DOCS
KW
KW
Q4 25
$60.9M
$11.4M
Q3 25
$93.9M
$-7.6M
Q2 25
$62.1M
$42.0M
Q1 25
$98.5M
$-51.9M
Q4 24
$65.2M
$55.1M
Q3 24
$68.3M
$-5.6M
Q2 24
$41.2M
$36.7M
Q1 24
$63.9M
$-5.6M
Free Cash Flow
DOCS
DOCS
KW
KW
Q4 25
$-55.2M
Q3 25
$-18.0M
Q2 25
$29.4M
Q1 25
$-59.7M
Q4 24
$-76.5M
Q3 24
$-27.7M
Q2 24
$-500.0K
Q1 24
$-57.1M
FCF Margin
DOCS
DOCS
KW
KW
Q4 25
-45.8%
Q3 25
-15.5%
Q2 25
21.7%
Q1 25
-46.5%
Q4 24
-56.5%
Q3 24
-21.7%
Q2 24
-0.4%
Q1 24
-41.9%
Capex Intensity
DOCS
DOCS
KW
KW
Q4 25
55.2%
Q3 25
8.9%
Q2 25
9.3%
Q1 25
0.0%
6.1%
Q4 24
0.0%
97.1%
Q3 24
0.0%
17.3%
Q2 24
0.0%
28.2%
Q1 24
0.0%
37.8%
Cash Conversion
DOCS
DOCS
KW
KW
Q4 25
0.99×
0.20×
Q3 25
1.51×
Q2 25
1.16×
7.50×
Q1 25
1.58×
Q4 24
0.87×
1.26×
Q3 24
1.55×
Q2 24
1.00×
Q1 24
1.57×
-0.15×

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%

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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