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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $181.5M, roughly 1.0× Mistras Group, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 2.1%, a 31.2% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs 5.1%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
DOCS vs MG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $181.5M |
| Net Profit | $61.6M | $3.8M |
| Gross Margin | 89.9% | 28.4% |
| Operating Margin | 38.9% | 7.0% |
| Net Margin | 33.3% | 2.1% |
| Revenue YoY | 9.8% | 5.1% |
| Net Profit YoY | -18.1% | -27.4% |
| EPS (diluted) | $0.31 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $168.5M | $195.5M | ||
| Q2 25 | $145.9M | $185.4M | ||
| Q1 25 | $138.3M | $161.6M | ||
| Q4 24 | $168.6M | $172.7M | ||
| Q3 24 | $136.8M | $182.7M | ||
| Q2 24 | $126.7M | $189.8M | ||
| Q1 24 | $118.1M | $184.4M |
| Q4 25 | $61.6M | $3.8M | ||
| Q3 25 | $62.1M | $13.1M | ||
| Q2 25 | $53.3M | $3.0M | ||
| Q1 25 | $62.5M | $-3.2M | ||
| Q4 24 | $75.2M | $5.2M | ||
| Q3 24 | $44.2M | $6.4M | ||
| Q2 24 | $41.4M | $6.4M | ||
| Q1 24 | $40.6M | $995.0K |
| Q4 25 | 89.9% | 28.4% | ||
| Q3 25 | 90.3% | 29.8% | ||
| Q2 25 | 89.2% | 29.1% | ||
| Q1 25 | 89.5% | 25.3% | ||
| Q4 24 | 91.6% | 26.5% | ||
| Q3 24 | 90.0% | 26.8% | ||
| Q2 24 | 89.3% | 27.1% | ||
| Q1 24 | 89.4% | 25.0% |
| Q4 25 | 38.9% | 7.0% | ||
| Q3 25 | 37.8% | 10.4% | ||
| Q2 25 | 37.4% | 4.5% | ||
| Q1 25 | 35.2% | -0.6% | ||
| Q4 24 | 47.4% | 6.1% | ||
| Q3 24 | 38.8% | 6.5% | ||
| Q2 24 | 36.4% | 6.3% | ||
| Q1 24 | 35.5% | 3.0% |
| Q4 25 | 33.3% | 2.1% | ||
| Q3 25 | 36.8% | 6.7% | ||
| Q2 25 | 36.5% | 1.6% | ||
| Q1 25 | 45.2% | -2.0% | ||
| Q4 24 | 44.6% | 3.0% | ||
| Q3 24 | 32.3% | 3.5% | ||
| Q2 24 | 32.7% | 3.4% | ||
| Q1 24 | 34.4% | 0.5% |
| Q4 25 | $0.31 | $0.12 | ||
| Q3 25 | $0.31 | $0.41 | ||
| Q2 25 | $0.27 | $0.10 | ||
| Q1 25 | $0.31 | $-0.10 | ||
| Q4 24 | $0.37 | $0.17 | ||
| Q3 24 | $0.22 | $0.20 | ||
| Q2 24 | $0.21 | $0.20 | ||
| Q1 24 | $0.20 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $979.3M | $235.1M |
| Total Assets | $1.2B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $28.0M | ||
| Q3 25 | $169.2M | $27.8M | ||
| Q2 25 | $137.3M | $20.0M | ||
| Q1 25 | $209.6M | $18.5M | ||
| Q4 24 | $165.3M | $18.3M | ||
| Q3 24 | $184.2M | $20.4M | ||
| Q2 24 | $111.4M | $17.2M | ||
| Q1 24 | $96.8M | $16.9M |
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | — | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M | ||
| Q1 24 | — | $198.4M |
| Q4 25 | $979.3M | $235.1M | ||
| Q3 25 | $1.1B | $227.4M | ||
| Q2 25 | $1.0B | $215.8M | ||
| Q1 25 | $1.1B | $198.7M | ||
| Q4 24 | $1.0B | $198.6M | ||
| Q3 24 | $961.2M | $205.2M | ||
| Q2 24 | $913.6M | $193.2M | ||
| Q1 24 | $901.4M | $187.1M |
| Q4 25 | $1.2B | $578.8M | ||
| Q3 25 | $1.3B | $596.3M | ||
| Q2 25 | $1.2B | $571.0M | ||
| Q1 25 | $1.3B | $526.8M | ||
| Q4 24 | $1.2B | $523.0M | ||
| Q3 24 | $1.1B | $551.7M | ||
| Q2 24 | $1.1B | $548.1M | ||
| Q1 24 | $1.1B | $542.1M |
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | — | $26.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | 0.99× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $32.1M | ||
| Q3 25 | $93.9M | $4.5M | ||
| Q2 25 | $62.1M | $-9.3M | ||
| Q1 25 | $98.5M | $5.6M | ||
| Q4 24 | $65.2M | $25.7M | ||
| Q3 24 | $68.3M | $19.4M | ||
| Q2 24 | $41.2M | $4.5M | ||
| Q1 24 | $63.9M | $604.0K |
| Q4 25 | — | $26.0M | ||
| Q3 25 | — | $-4.1M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | — | $14.6M | ||
| Q2 24 | — | $-284.0K | ||
| Q1 24 | — | $-4.2M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | -7.9% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | -2.3% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | 0.0% | 2.8% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.0% | 2.6% | ||
| Q2 24 | 0.0% | 2.5% | ||
| Q1 24 | 0.0% | 2.6% |
| Q4 25 | 0.99× | 8.55× | ||
| Q3 25 | 1.51× | 0.34× | ||
| Q2 25 | 1.16× | -3.07× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | 4.96× | ||
| Q3 24 | 1.55× | 3.02× | ||
| Q2 24 | 1.00× | 0.71× | ||
| Q1 24 | 1.57× | 0.61× |
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% |
MG
Segment breakdown not available.
