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Side-by-side financial comparison of Doximity, Inc. (DOCS) and NWPX Infrastructure, Inc. (NWPX). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $138.3M, roughly 1.3× NWPX Infrastructure, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 7.6%, a 25.6% gap on every dollar of revenue. On growth, NWPX Infrastructure, Inc. posted the faster year-over-year revenue change (19.1% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 3.3%).
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.
DOCS vs NWPX — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $138.3M |
| Net Profit | $61.6M | $10.5M |
| Gross Margin | 89.9% | 19.3% |
| Operating Margin | 38.9% | 9.2% |
| Net Margin | 33.3% | 7.6% |
| Revenue YoY | 9.8% | 19.1% |
| Net Profit YoY | -18.1% | 165.7% |
| EPS (diluted) | $0.31 | $1.08 |
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.
| Q1 26 | — | $138.3M | ||
| Q4 25 | $185.1M | $125.6M | ||
| Q3 25 | $168.5M | $151.1M | ||
| Q2 25 | $145.9M | $133.2M | ||
| Q1 25 | $138.3M | $116.1M | ||
| Q4 24 | $168.6M | $119.6M | ||
| Q3 24 | $136.8M | $130.2M | ||
| Q2 24 | $126.7M | $129.5M |
| Q1 26 | — | $10.5M | ||
| Q4 25 | $61.6M | $8.9M | ||
| Q3 25 | $62.1M | $13.5M | ||
| Q2 25 | $53.3M | $9.1M | ||
| Q1 25 | $62.5M | $4.0M | ||
| Q4 24 | $75.2M | $10.1M | ||
| Q3 24 | $44.2M | $10.3M | ||
| Q2 24 | $41.4M | $8.6M |
| Q1 26 | — | 19.3% | ||
| Q4 25 | 89.9% | 21.3% | ||
| Q3 25 | 90.3% | 21.3% | ||
| Q2 25 | 89.2% | 19.0% | ||
| Q1 25 | 89.5% | 16.7% | ||
| Q4 24 | 91.6% | 18.8% | ||
| Q3 24 | 90.0% | 20.8% | ||
| Q2 24 | 89.3% | 19.9% |
| Q1 26 | — | 9.2% | ||
| Q4 25 | 38.9% | 10.4% | ||
| Q3 25 | 37.8% | 12.6% | ||
| Q2 25 | 37.4% | 9.9% | ||
| Q1 25 | 35.2% | 4.8% | ||
| Q4 24 | 47.4% | 8.8% | ||
| Q3 24 | 38.8% | 11.9% | ||
| Q2 24 | 36.4% | 10.5% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 33.3% | 7.1% | ||
| Q3 25 | 36.8% | 8.9% | ||
| Q2 25 | 36.5% | 6.8% | ||
| Q1 25 | 45.2% | 3.4% | ||
| Q4 24 | 44.6% | 8.4% | ||
| Q3 24 | 32.3% | 7.9% | ||
| Q2 24 | 32.7% | 6.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.31 | $0.88 | ||
| Q3 25 | $0.31 | $1.38 | ||
| Q2 25 | $0.27 | $0.91 | ||
| Q1 25 | $0.31 | $0.39 | ||
| Q4 24 | $0.37 | $1.00 | ||
| Q3 24 | $0.22 | $1.02 | ||
| Q2 24 | $0.21 | $0.86 |
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 | $14.3M |
| Total DebtLower is stronger | — | $10.7M |
| Stockholders' EquityBook value | $979.3M | $403.7M |
| Total Assets | $1.2B | $634.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $14.3M | ||
| Q4 25 | $64.8M | $2.3M | ||
| Q3 25 | $169.2M | $2.7M | ||
| Q2 25 | $137.3M | $2.0M | ||
| Q1 25 | $209.6M | $5.3M | ||
| Q4 24 | $165.3M | $5.0M | ||
| Q3 24 | $184.2M | $5.7M | ||
| Q2 24 | $111.4M | $4.5M |
| Q1 26 | — | $10.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $403.7M | ||
| Q4 25 | $979.3M | $394.8M | ||
| Q3 25 | $1.1B | $386.4M | ||
| Q2 25 | $1.0B | $379.5M | ||
| Q1 25 | $1.1B | $378.5M | ||
| Q4 24 | $1.0B | $374.0M | ||
| Q3 24 | $961.2M | $362.4M | ||
| Q2 24 | $913.6M | $351.2M |
| Q1 26 | — | $634.1M | ||
| Q4 25 | $1.2B | $579.6M | ||
| Q3 25 | $1.3B | $605.2M | ||
| Q2 25 | $1.2B | $592.6M | ||
| Q1 25 | $1.3B | $582.2M | ||
| Q4 24 | $1.2B | $589.7M | ||
| Q3 24 | $1.1B | $617.2M | ||
| Q2 24 | $1.1B | $631.7M |
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.3M | ||
| Q4 25 | $60.9M | $36.0M | ||
| Q3 25 | $93.9M | $21.0M | ||
| Q2 25 | $62.1M | $5.4M | ||
| Q1 25 | $98.5M | $4.8M | ||
| Q4 24 | $65.2M | $36.1M | ||
| Q3 24 | $68.3M | $22.7M | ||
| Q2 24 | $41.2M | $22.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.8M | ||
| Q3 25 | — | $13.2M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.2M | ||
| Q4 24 | — | $31.9M | ||
| Q3 24 | — | $16.8M | ||
| Q2 24 | — | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | 0.0% | 3.2% | ||
| Q4 24 | 0.0% | 3.5% | ||
| Q3 24 | 0.0% | 4.6% | ||
| Q2 24 | 0.0% | 4.7% |
| Q1 26 | — | 2.78× | ||
| Q4 25 | 0.99× | 4.06× | ||
| Q3 25 | 1.51× | 1.55× | ||
| Q2 25 | 1.16× | 0.60× | ||
| Q1 25 | 1.58× | 1.22× | ||
| Q4 24 | 0.87× | 3.58× | ||
| Q3 24 | 1.55× | 2.22× | ||
| Q2 24 | 1.00× | 2.58× |
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% |
NWPX
| Water Transmission Systems | $93.5M | 68% |
| Precast Infrastructure and Engineered Systems | $44.8M | 32% |
