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Side-by-side financial comparison of Doximity, Inc. (DOCS) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $93.6M, roughly 2.0× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 33.3%, a 22.7% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -13.3%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 12.3%).
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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
DOCS vs PMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $93.6M |
| Net Profit | $61.6M | $52.4M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | 38.6% |
| Net Margin | 33.3% | 56.0% |
| Revenue YoY | 9.8% | -13.3% |
| Net Profit YoY | -18.1% | 12.5% |
| EPS (diluted) | $0.31 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $168.5M | $99.2M | ||
| Q2 25 | $145.9M | $70.2M | ||
| Q1 25 | $138.3M | $44.5M | ||
| Q4 24 | $168.6M | $107.9M | ||
| Q3 24 | $136.8M | $80.9M | ||
| Q2 24 | $126.7M | $71.2M | ||
| Q1 24 | $118.1M | $74.2M |
| Q4 25 | $61.6M | $52.4M | ||
| Q3 25 | $62.1M | $58.3M | ||
| Q2 25 | $53.3M | $7.5M | ||
| Q1 25 | $62.5M | $9.7M | ||
| Q4 24 | $75.2M | $46.5M | ||
| Q3 24 | $44.2M | $41.4M | ||
| Q2 24 | $41.4M | $25.4M | ||
| Q1 24 | $40.6M | $47.6M |
| 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% | 38.6% | ||
| Q3 25 | 37.8% | 47.4% | ||
| Q2 25 | 37.4% | 24.2% | ||
| Q1 25 | 35.2% | -14.2% | ||
| Q4 24 | 47.4% | 51.1% | ||
| Q3 24 | 38.8% | 32.8% | ||
| Q2 24 | 36.4% | 40.2% | ||
| Q1 24 | 35.5% | 43.6% |
| Q4 25 | 33.3% | 56.0% | ||
| Q3 25 | 36.8% | 58.7% | ||
| Q2 25 | 36.5% | 10.7% | ||
| Q1 25 | 45.2% | 21.8% | ||
| Q4 24 | 44.6% | 43.1% | ||
| Q3 24 | 32.3% | 51.2% | ||
| Q2 24 | 32.7% | 35.7% | ||
| Q1 24 | 34.4% | 64.2% |
| Q4 25 | $0.31 | $0.49 | ||
| Q3 25 | $0.31 | $0.55 | ||
| Q2 25 | $0.27 | $-0.04 | ||
| Q1 25 | $0.31 | $-0.01 | ||
| Q4 24 | $0.37 | $0.45 | ||
| Q3 24 | $0.22 | $0.36 | ||
| Q2 24 | $0.21 | $0.17 | ||
| Q1 24 | $0.20 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $979.3M | $1.9B |
| Total Assets | $1.2B | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $190.5M | ||
| Q3 25 | $169.2M | $181.0M | ||
| Q2 25 | $137.3M | $108.6M | ||
| Q1 25 | $209.6M | $204.2M | ||
| Q4 24 | $165.3M | $103.2M | ||
| Q3 24 | $184.2M | $102.8M | ||
| Q2 24 | $111.4M | $336.3M | ||
| Q1 24 | $96.8M | $343.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $979.3M | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $961.2M | $1.9B | ||
| Q2 24 | $913.6M | $1.9B | ||
| Q1 24 | $901.4M | $2.0B |
| Q4 25 | $1.2B | $21.3B | ||
| Q3 25 | $1.3B | $18.5B | ||
| Q2 25 | $1.2B | $16.8B | ||
| Q1 25 | $1.3B | $14.9B | ||
| Q4 24 | $1.2B | $14.4B | ||
| Q3 24 | $1.1B | $13.1B | ||
| Q2 24 | $1.1B | $12.1B | ||
| Q1 24 | $1.1B | $12.3B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.99× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $-7.2B | ||
| Q3 25 | $93.9M | $-1.3B | ||
| Q2 25 | $62.1M | $-2.0B | ||
| Q1 25 | $98.5M | $-594.3M | ||
| Q4 24 | $65.2M | $-2.7B | ||
| Q3 24 | $68.3M | $-983.8M | ||
| Q2 24 | $41.2M | $243.8M | ||
| Q1 24 | $63.9M | $-342.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 0.99× | -137.76× | ||
| Q3 25 | 1.51× | -22.26× | ||
| Q2 25 | 1.16× | -267.53× | ||
| Q1 25 | 1.58× | -61.39× | ||
| Q4 24 | 0.87× | -58.08× | ||
| Q3 24 | 1.55× | -23.76× | ||
| Q2 24 | 1.00× | 9.59× | ||
| Q1 24 | 1.57× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
