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Side-by-side financial comparison of Doximity, Inc. (DOCS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $124.7M, roughly 1.5× SMITH & WESSON BRANDS, INC.). Doximity, Inc. runs the higher net margin — 33.3% vs 1.5%, a 31.7% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -3.9%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
DOCS vs SWBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $124.7M |
| Net Profit | $61.6M | $1.9M |
| Gross Margin | 89.9% | 24.3% |
| Operating Margin | 38.9% | 3.3% |
| Net Margin | 33.3% | 1.5% |
| Revenue YoY | 9.8% | -3.9% |
| Net Profit YoY | -18.1% | -53.6% |
| EPS (diluted) | $0.31 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $168.5M | $85.1M | ||
| Q2 25 | $145.9M | $140.8M | ||
| Q1 25 | $138.3M | $115.9M | ||
| Q4 24 | $168.6M | $129.7M | ||
| Q3 24 | $136.8M | $88.3M | ||
| Q2 24 | $126.7M | $159.1M | ||
| Q1 24 | $118.1M | $137.5M |
| Q4 25 | $61.6M | $1.9M | ||
| Q3 25 | $62.1M | $-3.4M | ||
| Q2 25 | $53.3M | $8.6M | ||
| Q1 25 | $62.5M | $2.1M | ||
| Q4 24 | $75.2M | $4.5M | ||
| Q3 24 | $44.2M | $-1.9M | ||
| Q2 24 | $41.4M | $27.9M | ||
| Q1 24 | $40.6M | $7.9M |
| Q4 25 | 89.9% | 24.3% | ||
| Q3 25 | 90.3% | 25.9% | ||
| Q2 25 | 89.2% | 28.8% | ||
| Q1 25 | 89.5% | 24.1% | ||
| Q4 24 | 91.6% | 26.6% | ||
| Q3 24 | 90.0% | 27.4% | ||
| Q2 24 | 89.3% | 35.5% | ||
| Q1 24 | 89.4% | 28.7% |
| Q4 25 | 38.9% | 3.3% | ||
| Q3 25 | 37.8% | -3.5% | ||
| Q2 25 | 37.4% | 9.3% | ||
| Q1 25 | 35.2% | 4.1% | ||
| Q4 24 | 47.4% | 5.8% | ||
| Q3 24 | 38.8% | -1.7% | ||
| Q2 24 | 36.4% | 17.4% | ||
| Q1 24 | 35.5% | 8.2% |
| Q4 25 | 33.3% | 1.5% | ||
| Q3 25 | 36.8% | -4.0% | ||
| Q2 25 | 36.5% | 6.1% | ||
| Q1 25 | 45.2% | 1.8% | ||
| Q4 24 | 44.6% | 3.5% | ||
| Q3 24 | 32.3% | -2.1% | ||
| Q2 24 | 32.7% | 17.5% | ||
| Q1 24 | 34.4% | 5.7% |
| Q4 25 | $0.31 | $0.04 | ||
| Q3 25 | $0.31 | $-0.08 | ||
| Q2 25 | $0.27 | $0.19 | ||
| Q1 25 | $0.31 | $0.05 | ||
| Q4 24 | $0.37 | $0.10 | ||
| Q3 24 | $0.22 | $-0.04 | ||
| Q2 24 | $0.21 | $0.60 | ||
| Q1 24 | $0.20 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $363.2M |
| Total Assets | $1.2B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $22.4M | ||
| Q3 25 | $169.2M | $18.0M | ||
| Q2 25 | $137.3M | $25.2M | ||
| Q1 25 | $209.6M | $26.7M | ||
| Q4 24 | $165.3M | $39.1M | ||
| Q3 24 | $184.2M | $35.5M | ||
| Q2 24 | $111.4M | $60.8M | ||
| Q1 24 | $96.8M | $47.4M |
| Q4 25 | $979.3M | $363.2M | ||
| Q3 25 | $1.1B | $364.4M | ||
| Q2 25 | $1.0B | $372.5M | ||
| Q1 25 | $1.1B | $366.9M | ||
| Q4 24 | $1.0B | $371.5M | ||
| Q3 24 | $961.2M | $380.0M | ||
| Q2 24 | $913.6M | $399.9M | ||
| Q1 24 | $901.4M | $376.4M |
| Q4 25 | $1.2B | $548.6M | ||
| Q3 25 | $1.3B | $554.6M | ||
| Q2 25 | $1.2B | $559.6M | ||
| Q1 25 | $1.3B | $578.9M | ||
| Q4 24 | $1.2B | $587.4M | ||
| Q3 24 | $1.1B | $571.3M | ||
| Q2 24 | $1.1B | $577.4M | ||
| Q1 24 | $1.1B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 0.99× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $27.3M | ||
| Q3 25 | $93.9M | $-8.1M | ||
| Q2 25 | $62.1M | $40.8M | ||
| Q1 25 | $98.5M | $-9.8M | ||
| Q4 24 | $65.2M | $-7.4M | ||
| Q3 24 | $68.3M | $-30.8M | ||
| Q2 24 | $41.2M | $43.7M | ||
| Q1 24 | $63.9M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | 0.0% | 5.4% | ||
| Q4 24 | 0.0% | 2.5% | ||
| Q3 24 | 0.0% | 5.3% | ||
| Q2 24 | 0.0% | 3.5% | ||
| Q1 24 | 0.0% | 13.2% |
| Q4 25 | 0.99× | 14.22× | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | 4.73× | ||
| Q1 25 | 1.58× | -4.68× | ||
| Q4 24 | 0.87× | -1.63× | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | 1.57× | ||
| Q1 24 | 1.57× | 3.20× |
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% |
SWBI
Segment breakdown not available.
