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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $134.3M, roughly 1.4× Mayville Engineering Company, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -3.2%, a 36.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
DOCS vs MEC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $134.3M |
| Net Profit | $61.6M | $-4.4M |
| Gross Margin | 89.9% | 6.8% |
| Operating Margin | 38.9% | -4.1% |
| Net Margin | 33.3% | -3.2% |
| Revenue YoY | 9.8% | 10.7% |
| Net Profit YoY | -18.1% | -127.3% |
| 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.
| Q4 25 | $185.1M | $134.3M | ||
| Q3 25 | $168.5M | $144.3M | ||
| Q2 25 | $145.9M | $132.3M | ||
| Q1 25 | $138.3M | $135.6M | ||
| Q4 24 | $168.6M | $121.3M | ||
| Q3 24 | $136.8M | $135.4M | ||
| Q2 24 | $126.7M | $163.6M | ||
| Q1 24 | $118.1M | $161.3M |
| Q4 25 | $61.6M | $-4.4M | ||
| Q3 25 | $62.1M | $-2.7M | ||
| Q2 25 | $53.3M | $-1.1M | ||
| Q1 25 | $62.5M | $20.0K | ||
| Q4 24 | $75.2M | $16.0M | ||
| Q3 24 | $44.2M | $3.0M | ||
| Q2 24 | $41.4M | $3.8M | ||
| Q1 24 | $40.6M | $3.2M |
| Q4 25 | 89.9% | 6.8% | ||
| Q3 25 | 90.3% | 11.0% | ||
| Q2 25 | 89.2% | 10.3% | ||
| Q1 25 | 89.5% | 11.3% | ||
| Q4 24 | 91.6% | 8.9% | ||
| Q3 24 | 90.0% | 12.6% | ||
| Q2 24 | 89.3% | 13.6% | ||
| Q1 24 | 89.4% | 13.0% |
| Q4 25 | 38.9% | -4.1% | ||
| Q3 25 | 37.8% | 0.0% | ||
| Q2 25 | 37.4% | 0.1% | ||
| Q1 25 | 35.2% | 1.2% | ||
| Q4 24 | 47.4% | 19.0% | ||
| Q3 24 | 38.8% | 4.2% | ||
| Q2 24 | 36.4% | 5.0% | ||
| Q1 24 | 35.5% | 4.7% |
| Q4 25 | 33.3% | -3.2% | ||
| Q3 25 | 36.8% | -1.9% | ||
| Q2 25 | 36.5% | -0.8% | ||
| Q1 25 | 45.2% | 0.0% | ||
| Q4 24 | 44.6% | 13.2% | ||
| Q3 24 | 32.3% | 2.2% | ||
| Q2 24 | 32.7% | 2.3% | ||
| Q1 24 | 34.4% | 2.0% |
| Q4 25 | $0.31 | $-0.22 | ||
| Q3 25 | $0.31 | $-0.13 | ||
| Q2 25 | $0.27 | $-0.05 | ||
| Q1 25 | $0.31 | $0.00 | ||
| Q4 24 | $0.37 | $0.76 | ||
| Q3 24 | $0.22 | $0.14 | ||
| Q2 24 | $0.21 | $0.18 | ||
| Q1 24 | $0.20 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $240.7M |
| Total Assets | $1.2B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $1.5M | ||
| Q3 25 | $169.2M | $1.2M | ||
| Q2 25 | $137.3M | $206.0K | ||
| Q1 25 | $209.6M | $183.0K | ||
| Q4 24 | $165.3M | $206.0K | ||
| Q3 24 | $184.2M | $178.0K | ||
| Q2 24 | $111.4M | $314.0K | ||
| Q1 24 | $96.8M | $314.0K |
| Q4 25 | $979.3M | $240.7M | ||
| Q3 25 | $1.1B | $244.8M | ||
| Q2 25 | $1.0B | $246.8M | ||
| Q1 25 | $1.1B | $250.0M | ||
| Q4 24 | $1.0B | $251.8M | ||
| Q3 24 | $961.2M | $238.4M | ||
| Q2 24 | $913.6M | $238.1M | ||
| Q1 24 | $901.4M | $234.0M |
| Q4 25 | $1.2B | $563.6M | ||
| Q3 25 | $1.3B | $585.6M | ||
| Q2 25 | $1.2B | $433.7M | ||
| Q1 25 | $1.3B | $447.7M | ||
| Q4 24 | $1.2B | $445.6M | ||
| Q3 24 | $1.1B | $466.0M | ||
| Q2 24 | $1.1B | $488.2M | ||
| Q1 24 | $1.1B | $499.9M |
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 | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $13.4M | ||
| Q3 25 | $93.9M | $1.9M | ||
| Q2 25 | $62.1M | $15.0M | ||
| Q1 25 | $98.5M | $8.3M | ||
| Q4 24 | $65.2M | $38.0M | ||
| Q3 24 | $68.3M | $17.9M | ||
| Q2 24 | $41.2M | $23.3M | ||
| Q1 24 | $63.9M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | 0.0% | 2.2% | ||
| Q4 24 | 0.0% | 1.9% | ||
| Q3 24 | 0.0% | 2.1% | ||
| Q2 24 | 0.0% | 2.5% | ||
| Q1 24 | 0.0% | 1.7% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | 416.65× | ||
| Q4 24 | 0.87× | 2.38× | ||
| Q3 24 | 1.55× | 6.03× | ||
| Q2 24 | 1.00× | 6.15× | ||
| Q1 24 | 1.57× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
