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Side-by-side financial comparison of Doximity, Inc. (DOCS) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $185.1M, roughly 1.6× Doximity, Inc.). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 33.3%, a 22.4% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -3.0%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -1.4%).

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.

MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.

DOCS vs MTG — Head-to-Head

Bigger by revenue
MTG
MTG
1.6× larger
MTG
$297.1M
$185.1M
DOCS
Growing faster (revenue YoY)
DOCS
DOCS
+12.7% gap
DOCS
9.8%
-3.0%
MTG
Higher net margin
MTG
MTG
22.4% more per $
MTG
55.6%
33.3%
DOCS
Faster 2-yr revenue CAGR
DOCS
DOCS
Annualised
DOCS
25.2%
-1.4%
MTG

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
DOCS
DOCS
MTG
MTG
Revenue
$185.1M
$297.1M
Net Profit
$61.6M
$165.3M
Gross Margin
89.9%
Operating Margin
38.9%
Net Margin
33.3%
55.6%
Revenue YoY
9.8%
-3.0%
Net Profit YoY
-18.1%
-10.9%
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
MTG
MTG
Q1 26
$297.1M
Q4 25
$185.1M
$298.7M
Q3 25
$168.5M
$304.5M
Q2 25
$145.9M
$304.2M
Q1 25
$138.3M
$306.2M
Q4 24
$168.6M
$301.4M
Q3 24
$136.8M
$306.6M
Q2 24
$126.7M
$305.3M
Net Profit
DOCS
DOCS
MTG
MTG
Q1 26
$165.3M
Q4 25
$61.6M
$169.3M
Q3 25
$62.1M
$191.1M
Q2 25
$53.3M
$192.5M
Q1 25
$62.5M
$185.5M
Q4 24
$75.2M
$184.7M
Q3 24
$44.2M
$200.0M
Q2 24
$41.4M
$204.2M
Gross Margin
DOCS
DOCS
MTG
MTG
Q1 26
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%
Operating Margin
DOCS
DOCS
MTG
MTG
Q1 26
Q4 25
38.9%
71.2%
Q3 25
37.8%
77.2%
Q2 25
37.4%
80.9%
Q1 25
35.2%
76.6%
Q4 24
47.4%
77.9%
Q3 24
38.8%
82.9%
Q2 24
36.4%
85.1%
Net Margin
DOCS
DOCS
MTG
MTG
Q1 26
55.6%
Q4 25
33.3%
56.7%
Q3 25
36.8%
62.8%
Q2 25
36.5%
63.3%
Q1 25
45.2%
60.6%
Q4 24
44.6%
61.3%
Q3 24
32.3%
65.2%
Q2 24
32.7%
66.9%
EPS (diluted)
DOCS
DOCS
MTG
MTG
Q1 26
$0.76
Q4 25
$0.31
$0.75
Q3 25
$0.31
$0.83
Q2 25
$0.27
$0.81
Q1 25
$0.31
$0.75
Q4 24
$0.37
$0.71
Q3 24
$0.22
$0.77
Q2 24
$0.21
$0.77

Balance Sheet & Financial Strength

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

Metric
DOCS
DOCS
MTG
MTG
Cash + ST InvestmentsLiquidity on hand
$64.8M
$235.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$979.3M
$5.0B
Total Assets
$1.2B
$6.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCS
DOCS
MTG
MTG
Q1 26
$235.1M
Q4 25
$64.8M
$369.0M
Q3 25
$169.2M
$266.9M
Q2 25
$137.3M
$294.9M
Q1 25
$209.6M
$207.0M
Q4 24
$165.3M
$229.5M
Q3 24
$184.2M
$288.6M
Q2 24
$111.4M
$281.8M
Stockholders' Equity
DOCS
DOCS
MTG
MTG
Q1 26
$5.0B
Q4 25
$979.3M
$5.1B
Q3 25
$1.1B
$5.2B
Q2 25
$1.0B
$5.2B
Q1 25
$1.1B
$5.1B
Q4 24
$1.0B
$5.2B
Q3 24
$961.2M
$5.3B
Q2 24
$913.6M
$5.1B
Total Assets
DOCS
DOCS
MTG
MTG
Q1 26
$6.4B
Q4 25
$1.2B
$6.6B
Q3 25
$1.3B
$6.6B
Q2 25
$1.2B
$6.5B
Q1 25
$1.3B
$6.5B
Q4 24
$1.2B
$6.5B
Q3 24
$1.1B
$6.7B
Q2 24
$1.1B
$6.5B

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
MTG
MTG
Operating Cash FlowLast quarter
$60.9M
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
MTG
MTG
Q1 26
Q4 25
$60.9M
$230.8M
Q3 25
$93.9M
$215.4M
Q2 25
$62.1M
$183.0M
Q1 25
$98.5M
$223.7M
Q4 24
$65.2M
$182.4M
Q3 24
$68.3M
$182.9M
Q2 24
$41.2M
$169.2M
Free Cash Flow
DOCS
DOCS
MTG
MTG
Q1 26
Q4 25
$230.2M
Q3 25
$215.1M
Q2 25
$183.0M
Q1 25
$223.5M
Q4 24
$181.9M
Q3 24
$182.5M
Q2 24
$169.0M
FCF Margin
DOCS
DOCS
MTG
MTG
Q1 26
Q4 25
77.1%
Q3 25
70.6%
Q2 25
60.1%
Q1 25
73.0%
Q4 24
60.3%
Q3 24
59.5%
Q2 24
55.3%
Capex Intensity
DOCS
DOCS
MTG
MTG
Q1 26
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
0.0%
0.0%
Q4 24
0.0%
0.2%
Q3 24
0.0%
0.1%
Q2 24
0.0%
0.1%
Cash Conversion
DOCS
DOCS
MTG
MTG
Q1 26
Q4 25
0.99×
1.36×
Q3 25
1.51×
1.13×
Q2 25
1.16×
0.95×
Q1 25
1.58×
1.21×
Q4 24
0.87×
0.99×
Q3 24
1.55×
0.91×
Q2 24
1.00×
0.83×

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%

MTG
MTG

Segment breakdown not available.

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