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Side-by-side financial comparison of Doximity, Inc. (DOCS) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $185.1M, roughly 1.8× Doximity, Inc.). Doximity, Inc. runs the higher net margin — 33.3% vs -12.9%, a 46.2% gap on every dollar of revenue. On growth, Doximity, Inc. posted the faster year-over-year revenue change (9.8% vs -0.4%). Over the past eight quarters, Doximity, Inc.'s revenue compounded faster (25.2% CAGR vs 22.1%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
DOCS vs WD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.1M | $340.0M |
| Net Profit | $61.6M | $-13.9M |
| Gross Margin | 89.9% | — |
| Operating Margin | 38.9% | -17.2% |
| Net Margin | 33.3% | -12.9% |
| Revenue YoY | 9.8% | -0.4% |
| Net Profit YoY | -18.1% | -131.0% |
| EPS (diluted) | $0.31 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $168.5M | $337.7M | ||
| Q2 25 | $145.9M | $319.2M | ||
| Q1 25 | $138.3M | $237.4M | ||
| Q4 24 | $168.6M | $341.5M | ||
| Q3 24 | $136.8M | $292.3M | ||
| Q2 24 | $126.7M | $270.7M | ||
| Q1 24 | $118.1M | $228.1M |
| Q4 25 | $61.6M | $-13.9M | ||
| Q3 25 | $62.1M | $33.5M | ||
| Q2 25 | $53.3M | $34.0M | ||
| Q1 25 | $62.5M | $2.8M | ||
| Q4 24 | $75.2M | $44.8M | ||
| Q3 24 | $44.2M | $28.8M | ||
| Q2 24 | $41.4M | $22.7M | ||
| Q1 24 | $40.6M | $11.9M |
| 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% | -17.2% | ||
| Q3 25 | 37.8% | 13.6% | ||
| Q2 25 | 37.4% | 14.5% | ||
| Q1 25 | 35.2% | 2.2% | ||
| Q4 24 | 47.4% | 15.3% | ||
| Q3 24 | 38.8% | 12.8% | ||
| Q2 24 | 36.4% | 10.4% | ||
| Q1 24 | 35.5% | 6.0% |
| Q4 25 | 33.3% | -12.9% | ||
| Q3 25 | 36.8% | 9.9% | ||
| Q2 25 | 36.5% | 10.6% | ||
| Q1 25 | 45.2% | 1.2% | ||
| Q4 24 | 44.6% | 13.1% | ||
| Q3 24 | 32.3% | 9.9% | ||
| Q2 24 | 32.7% | 8.4% | ||
| Q1 24 | 34.4% | 5.2% |
| Q4 25 | $0.31 | $-0.41 | ||
| Q3 25 | $0.31 | $0.98 | ||
| Q2 25 | $0.27 | $0.99 | ||
| Q1 25 | $0.31 | $0.08 | ||
| Q4 24 | $0.37 | $1.32 | ||
| Q3 24 | $0.22 | $0.85 | ||
| Q2 24 | $0.21 | $0.67 | ||
| Q1 24 | $0.20 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $979.3M | $1.7B |
| Total Assets | $1.2B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.8M | $299.3M | ||
| Q3 25 | $169.2M | $274.8M | ||
| Q2 25 | $137.3M | $233.7M | ||
| Q1 25 | $209.6M | $181.0M | ||
| Q4 24 | $165.3M | $279.3M | ||
| Q3 24 | $184.2M | $179.8M | ||
| Q2 24 | $111.4M | $208.1M | ||
| Q1 24 | $96.8M | $216.5M |
| Q4 25 | $979.3M | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $961.2M | $1.7B | ||
| Q2 24 | $913.6M | $1.7B | ||
| Q1 24 | $901.4M | $1.7B |
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.3B | $4.5B | ||
| Q4 24 | $1.2B | $4.4B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.2B | ||
| Q1 24 | $1.1B | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.9M | $-664.3M | ||
| Q3 25 | $93.9M | $-948.1M | ||
| Q2 25 | $62.1M | $-238.5M | ||
| Q1 25 | $98.5M | $-281.1M | ||
| Q4 24 | $65.2M | $129.4M | ||
| Q3 24 | $68.3M | $-202.0M | ||
| Q2 24 | $41.2M | $-237.8M | ||
| Q1 24 | $63.9M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | 0.0% | 1.5% | ||
| Q4 24 | 0.0% | 3.8% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.0% | 1.4% | ||
| Q1 24 | 0.0% | 1.4% |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | -28.34× | ||
| Q2 25 | 1.16× | -7.02× | ||
| Q1 25 | 1.58× | -102.07× | ||
| Q4 24 | 0.87× | 2.89× | ||
| Q3 24 | 1.55× | -7.01× | ||
| Q2 24 | 1.00× | -10.49× | ||
| Q1 24 | 1.57× | 3.24× |
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% |
WD
Segment breakdown not available.
