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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $185.1M, roughly 1.2× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs 7.6%, a 25.6% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 9.8%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 20.2%).
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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
DOCS vs VITL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $213.6M |
| Net Profit | $61.6M | $16.3M |
| Gross Margin | 89.9% | 35.8% |
| Operating Margin | 38.9% | 10.0% |
| Net Margin | 33.3% | 7.6% |
| Revenue YoY | 9.8% | 28.7% |
| Net Profit YoY | -18.1% | 54.3% |
| EPS (diluted) | $0.31 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $168.5M | $198.9M | ||
| Q2 25 | $145.9M | $184.8M | ||
| Q1 25 | $138.3M | $162.2M | ||
| Q4 24 | $168.6M | $166.0M | ||
| Q3 24 | $136.8M | $145.0M | ||
| Q2 24 | $126.7M | $147.4M | ||
| Q1 24 | $118.1M | $147.9M |
| Q4 25 | $61.6M | $16.3M | ||
| Q3 25 | $62.1M | $16.4M | ||
| Q2 25 | $53.3M | $16.6M | ||
| Q1 25 | $62.5M | $16.9M | ||
| Q4 24 | $75.2M | $10.6M | ||
| Q3 24 | $44.2M | $7.4M | ||
| Q2 24 | $41.4M | $16.3M | ||
| Q1 24 | $40.6M | $19.0M |
| Q4 25 | 89.9% | 35.8% | ||
| Q3 25 | 90.3% | 37.7% | ||
| Q2 25 | 89.2% | 38.9% | ||
| Q1 25 | 89.5% | 38.5% | ||
| Q4 24 | 91.6% | 36.1% | ||
| Q3 24 | 90.0% | 36.9% | ||
| Q2 24 | 89.3% | 39.1% | ||
| Q1 24 | 89.4% | 39.8% |
| Q4 25 | 38.9% | 10.0% | ||
| Q3 25 | 37.8% | 10.8% | ||
| Q2 25 | 37.4% | 12.9% | ||
| Q1 25 | 35.2% | 13.4% | ||
| Q4 24 | 47.4% | 7.8% | ||
| Q3 24 | 38.8% | 6.4% | ||
| Q2 24 | 36.4% | 11.6% | ||
| Q1 24 | 35.5% | 16.3% |
| Q4 25 | 33.3% | 7.6% | ||
| Q3 25 | 36.8% | 8.3% | ||
| Q2 25 | 36.5% | 9.0% | ||
| Q1 25 | 45.2% | 10.4% | ||
| Q4 24 | 44.6% | 6.4% | ||
| Q3 24 | 32.3% | 5.1% | ||
| Q2 24 | 32.7% | 11.1% | ||
| Q1 24 | 34.4% | 12.9% |
| Q4 25 | $0.31 | $0.35 | ||
| Q3 25 | $0.31 | $0.36 | ||
| Q2 25 | $0.27 | $0.36 | ||
| Q1 25 | $0.31 | $0.37 | ||
| Q4 24 | $0.37 | $0.23 | ||
| Q3 24 | $0.22 | $0.16 | ||
| Q2 24 | $0.21 | $0.36 | ||
| Q1 24 | $0.20 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $351.3M |
| Total Assets | $1.2B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $48.8M | ||
| Q3 25 | $169.2M | $93.8M | ||
| Q2 25 | $137.3M | $108.2M | ||
| Q1 25 | $209.6M | $156.3M | ||
| Q4 24 | $165.3M | $150.6M | ||
| Q3 24 | $184.2M | $149.5M | ||
| Q2 24 | $111.4M | $133.2M | ||
| Q1 24 | $96.8M | $113.8M |
| Q4 25 | $979.3M | $351.3M | ||
| Q3 25 | $1.1B | $331.2M | ||
| Q2 25 | $1.0B | $309.8M | ||
| Q1 25 | $1.1B | $288.9M | ||
| Q4 24 | $1.0B | $269.3M | ||
| Q3 24 | $961.2M | $253.4M | ||
| Q2 24 | $913.6M | $238.4M | ||
| Q1 24 | $901.4M | $213.3M |
| Q4 25 | $1.2B | $518.7M | ||
| Q3 25 | $1.3B | $481.5M | ||
| Q2 25 | $1.2B | $430.8M | ||
| Q1 25 | $1.3B | $376.9M | ||
| Q4 24 | $1.2B | $359.3M | ||
| Q3 24 | $1.1B | $344.7M | ||
| Q2 24 | $1.1B | $320.5M | ||
| Q1 24 | $1.1B | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | 0.99× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $5.8M | ||
| Q3 25 | $93.9M | $23.4M | ||
| Q2 25 | $62.1M | $-761.0K | ||
| Q1 25 | $98.5M | $5.3M | ||
| Q4 24 | $65.2M | $14.8M | ||
| Q3 24 | $68.3M | $10.0M | ||
| Q2 24 | $41.2M | $16.1M | ||
| Q1 24 | $63.9M | $23.9M |
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M | ||
| Q1 24 | — | $22.6M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 15.3% |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | 0.0% | 1.9% | ||
| Q4 24 | 0.0% | 10.9% | ||
| Q3 24 | 0.0% | 2.5% | ||
| Q2 24 | 0.0% | 3.8% | ||
| Q1 24 | 0.0% | 0.9% |
| Q4 25 | 0.99× | 0.35× | ||
| Q3 25 | 1.51× | 1.43× | ||
| Q2 25 | 1.16× | -0.05× | ||
| Q1 25 | 1.58× | 0.31× | ||
| Q4 24 | 0.87× | 1.40× | ||
| Q3 24 | 1.55× | 1.34× | ||
| Q2 24 | 1.00× | 0.99× | ||
| Q1 24 | 1.57× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
