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Side-by-side financial comparison of Doximity, Inc. (DOCS) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $104.0M, roughly 1.8× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 33.3%, a 5.5% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 12.5%).
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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
DOCS vs NIC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $104.0M |
| Net Profit | $61.6M | $40.3M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 48.3% |
| Net Margin | 33.3% | 38.8% |
| Revenue YoY | 9.8% | 12.5% |
| Net Profit YoY | -18.1% | 16.9% |
| EPS (diluted) | $0.31 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $168.5M | $102.9M | ||
| Q2 25 | $145.9M | $95.7M | ||
| Q1 25 | $138.3M | $89.4M | ||
| Q4 24 | $168.6M | $92.4M | ||
| Q3 24 | $136.8M | $90.7M | ||
| Q2 24 | $126.7M | $85.0M | ||
| Q1 24 | $118.1M | $82.2M |
| Q4 25 | $61.6M | $40.3M | ||
| Q3 25 | $62.1M | $41.7M | ||
| Q2 25 | $53.3M | $36.0M | ||
| Q1 25 | $62.5M | $32.6M | ||
| Q4 24 | $75.2M | $34.5M | ||
| Q3 24 | $44.2M | $32.5M | ||
| Q2 24 | $41.4M | $29.3M | ||
| Q1 24 | $40.6M | $27.8M |
| 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% | — |
| Q4 25 | 38.9% | 48.3% | ||
| Q3 25 | 37.8% | 50.4% | ||
| Q2 25 | 37.4% | 46.8% | ||
| Q1 25 | 35.2% | 44.9% | ||
| Q4 24 | 47.4% | 46.8% | ||
| Q3 24 | 38.8% | 45.0% | ||
| Q2 24 | 36.4% | 43.3% | ||
| Q1 24 | 35.5% | 41.8% |
| Q4 25 | 33.3% | 38.8% | ||
| Q3 25 | 36.8% | 40.6% | ||
| Q2 25 | 36.5% | 37.6% | ||
| Q1 25 | 45.2% | 36.4% | ||
| Q4 24 | 44.6% | 37.3% | ||
| Q3 24 | 32.3% | 35.8% | ||
| Q2 24 | 32.7% | 34.5% | ||
| Q1 24 | 34.4% | 33.8% |
| Q4 25 | $0.31 | $2.63 | ||
| Q3 25 | $0.31 | $2.73 | ||
| Q2 25 | $0.27 | $2.34 | ||
| Q1 25 | $0.31 | $2.08 | ||
| Q4 24 | $0.37 | $2.21 | ||
| Q3 24 | $0.22 | $2.10 | ||
| Q2 24 | $0.21 | $1.92 | ||
| Q1 24 | $0.20 | $1.82 |
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 | — |
| Total DebtLower is stronger | — | $134.9M |
| Stockholders' EquityBook value | $979.3M | $1.3B |
| Total Assets | $1.2B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | — | ||
| Q3 25 | $169.2M | — | ||
| Q2 25 | $137.3M | — | ||
| Q1 25 | $209.6M | — | ||
| Q4 24 | $165.3M | — | ||
| Q3 24 | $184.2M | — | ||
| Q2 24 | $111.4M | — | ||
| Q1 24 | $96.8M | — |
| Q4 25 | — | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | — | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $979.3M | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $961.2M | $1.1B | ||
| Q2 24 | $913.6M | $1.1B | ||
| Q1 24 | $901.4M | $1.1B |
| Q4 25 | $1.2B | $9.2B | ||
| Q3 25 | $1.3B | $9.0B | ||
| Q2 25 | $1.2B | $8.9B | ||
| Q1 25 | $1.3B | $9.0B | ||
| Q4 24 | $1.2B | $8.8B | ||
| Q3 24 | $1.1B | $8.6B | ||
| Q2 24 | $1.1B | $8.6B | ||
| Q1 24 | $1.1B | $8.4B |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | — | $149.4M |
| FCF MarginFCF / Revenue | — | 143.7% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 0.99× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $153.5M | ||
| Q3 25 | $93.9M | $45.9M | ||
| Q2 25 | $62.1M | $38.9M | ||
| Q1 25 | $98.5M | $41.8M | ||
| Q4 24 | $65.2M | $133.7M | ||
| Q3 24 | $68.3M | $39.6M | ||
| Q2 24 | $41.2M | $37.3M | ||
| Q1 24 | $63.9M | $23.4M |
| Q4 25 | — | $149.4M | ||
| Q3 25 | — | $45.9M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $116.8M | ||
| Q3 24 | — | $34.7M | ||
| Q2 24 | — | $34.4M | ||
| Q1 24 | — | $20.1M |
| Q4 25 | — | 143.7% | ||
| Q3 25 | — | 44.6% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | 126.4% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 40.5% | ||
| Q1 24 | — | 24.4% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.0% | 18.3% | ||
| Q3 24 | 0.0% | 5.4% | ||
| Q2 24 | 0.0% | 3.5% | ||
| Q1 24 | 0.0% | 4.0% |
| Q4 25 | 0.99× | 3.81× | ||
| Q3 25 | 1.51× | 1.10× | ||
| Q2 25 | 1.16× | 1.08× | ||
| Q1 25 | 1.58× | 1.28× | ||
| Q4 24 | 0.87× | 3.88× | ||
| Q3 24 | 1.55× | 1.22× | ||
| Q2 24 | 1.00× | 1.28× | ||
| Q1 24 | 1.57× | 0.84× |
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% |
NIC
Segment breakdown not available.
