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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Doximity, Inc. is the larger business by last-quarter revenue ($185.1M vs $100.0M, roughly 1.9× Latham Group, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -7.0%, a 40.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
DOCS vs SWIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $100.0M |
| Net Profit | $61.6M | $-7.0M |
| Gross Margin | 89.9% | 28.0% |
| Operating Margin | 38.9% | -10.7% |
| Net Margin | 33.3% | -7.0% |
| Revenue YoY | 9.8% | 14.5% |
| Net Profit YoY | -18.1% | 76.0% |
| EPS (diluted) | $0.31 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $168.5M | $161.9M | ||
| Q2 25 | $145.9M | $172.6M | ||
| Q1 25 | $138.3M | $111.4M | ||
| Q4 24 | $168.6M | $87.3M | ||
| Q3 24 | $136.8M | $150.5M | ||
| Q2 24 | $126.7M | $160.1M | ||
| Q1 24 | $118.1M | $110.6M |
| Q4 25 | $61.6M | $-7.0M | ||
| Q3 25 | $62.1M | $8.1M | ||
| Q2 25 | $53.3M | $16.0M | ||
| Q1 25 | $62.5M | $-6.0M | ||
| Q4 24 | $75.2M | $-29.2M | ||
| Q3 24 | $44.2M | $5.9M | ||
| Q2 24 | $41.4M | $13.3M | ||
| Q1 24 | $40.6M | $-7.9M |
| Q4 25 | 89.9% | 28.0% | ||
| Q3 25 | 90.3% | 35.4% | ||
| Q2 25 | 89.2% | 37.1% | ||
| Q1 25 | 89.5% | 29.5% | ||
| Q4 24 | 91.6% | 24.6% | ||
| Q3 24 | 90.0% | 32.4% | ||
| Q2 24 | 89.3% | 33.1% | ||
| Q1 24 | 89.4% | 27.7% |
| Q4 25 | 38.9% | -10.7% | ||
| Q3 25 | 37.8% | 13.3% | ||
| Q2 25 | 37.4% | 14.3% | ||
| Q1 25 | 35.2% | -4.4% | ||
| Q4 24 | 47.4% | -14.9% | ||
| Q3 24 | 38.8% | 8.9% | ||
| Q2 24 | 36.4% | 12.5% | ||
| Q1 24 | 35.5% | -1.9% |
| Q4 25 | 33.3% | -7.0% | ||
| Q3 25 | 36.8% | 5.0% | ||
| Q2 25 | 36.5% | 9.3% | ||
| Q1 25 | 45.2% | -5.4% | ||
| Q4 24 | 44.6% | -33.4% | ||
| Q3 24 | 32.3% | 3.9% | ||
| Q2 24 | 32.7% | 8.3% | ||
| Q1 24 | 34.4% | -7.1% |
| Q4 25 | $0.31 | $-0.06 | ||
| Q3 25 | $0.31 | $0.07 | ||
| Q2 25 | $0.27 | $0.13 | ||
| Q1 25 | $0.31 | $-0.05 | ||
| Q4 24 | $0.37 | $-0.24 | ||
| Q3 24 | $0.22 | $0.05 | ||
| Q2 24 | $0.21 | $0.11 | ||
| Q1 24 | $0.20 | $-0.07 |
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 | — | $279.8M |
| Stockholders' EquityBook value | $979.3M | $405.9M |
| Total Assets | $1.2B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
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 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $979.3M | $405.9M | ||
| Q3 25 | $1.1B | $408.4M | ||
| Q2 25 | $1.0B | $398.4M | ||
| Q1 25 | $1.1B | $381.1M | ||
| Q4 24 | $1.0B | $387.2M | ||
| Q3 24 | $961.2M | $416.6M | ||
| Q2 24 | $913.6M | $408.1M | ||
| Q1 24 | $901.4M | $391.8M |
| Q4 25 | $1.2B | $823.2M | ||
| Q3 25 | $1.3B | $844.4M | ||
| Q2 25 | $1.2B | $822.1M | ||
| Q1 25 | $1.3B | $824.6M | ||
| Q4 24 | $1.2B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.1B | $830.0M | ||
| Q1 24 | $1.1B | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $23.3M | ||
| Q3 25 | $93.9M | $51.0M | ||
| Q2 25 | $62.1M | $36.0M | ||
| Q1 25 | $98.5M | $-46.9M | ||
| Q4 24 | $65.2M | $6.2M | ||
| Q3 24 | $68.3M | $37.2M | ||
| Q2 24 | $41.2M | $52.4M | ||
| Q1 24 | $63.9M | $-34.5M |
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | 0.0% | 3.1% | ||
| Q4 24 | 0.0% | 7.2% | ||
| Q3 24 | 0.0% | 2.7% | ||
| Q2 24 | 0.0% | 2.8% | ||
| Q1 24 | 0.0% | 4.8% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | 6.29× | ||
| Q2 25 | 1.16× | 2.25× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | 6.32× | ||
| Q2 24 | 1.00× | 3.95× | ||
| Q1 24 | 1.57× | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
