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Doximity, Inc.（DOCS）与eHealth, Inc.（EHTH）财务数据对比。点击上方公司名可切换其他公司
eHealth, Inc.的季度营收约是Doximity, Inc.的1.8倍（$326.2M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 26.7%，领先6.5%），Doximity, Inc.同比增速更快（9.8% vs 3.5%），过去两年eHealth, Inc.的营收复合增速更高（87.3% vs 25.2%）
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
eHealth, Inc.以eHealthInsurance品牌开展业务，是一家公开上市的健康保险在线交易平台，公司注册于特拉华州，总部位于加利福尼亚州圣克拉拉。该平台主要提供医疗保险相关计划，涵盖联邦医疗保险处方药计划、联邦医疗保险补充计划、优势计划等产品，同时也售卖个人健康保险产品，业务覆盖美国全部50个州及华盛顿特区。
DOCS vs EHTH — 直观对比
营收规模更大
EHTH
是对方的1.8倍
$185.1M
营收增速更快
DOCS
高出6.2%
3.5%
净利率更高
DOCS
高出6.5%
26.7%
两年增速更快
EHTH
近两年复合增速
25.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $326.2M |
| 净利润 | $61.6M | $87.2M |
| 毛利率 | 89.9% | 55.3% |
| 营业利润率 | 38.9% | 38.7% |
| 净利率 | 33.3% | 26.7% |
| 营收同比 | 9.8% | 3.5% |
| 净利润同比 | -18.1% | -10.6% |
| 每股收益（稀释后） | $0.31 | $2.43 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOCSEHTH
| Q4 25 | $185.1M | $326.2M | ||
| Q3 25 | $168.5M | $53.9M | ||
| Q2 25 | $145.9M | $60.8M | ||
| Q1 25 | $138.3M | $113.1M | ||
| Q4 24 | $168.6M | $315.2M | ||
| Q3 24 | $136.8M | $58.4M | ||
| Q2 24 | $126.7M | $65.9M | ||
| Q1 24 | $118.1M | $93.0M |
净利润DOCSEHTH
| Q4 25 | $61.6M | $87.2M | ||
| Q3 25 | $62.1M | $-31.7M | ||
| Q2 25 | $53.3M | $-17.4M | ||
| Q1 25 | $62.5M | $1.9M | ||
| Q4 24 | $75.2M | $97.5M | ||
| Q3 24 | $44.2M | $-42.5M | ||
| Q2 24 | $41.4M | $-28.0M | ||
| Q1 24 | $40.6M | $-17.0M |
毛利率DOCSEHTH
| Q4 25 | 89.9% | 55.3% | ||
| Q3 25 | 90.3% | -0.3% | ||
| Q2 25 | 89.2% | 31.1% | ||
| Q1 25 | 89.5% | 36.9% | ||
| Q4 24 | 91.6% | 52.0% | ||
| Q3 24 | 90.0% | -6.5% | ||
| Q2 24 | 89.3% | 28.7% | ||
| Q1 24 | 89.4% | 31.7% |
营业利润率DOCSEHTH
| Q4 25 | 38.9% | 38.7% | ||
| Q3 25 | 37.8% | -77.1% | ||
| Q2 25 | 37.4% | -37.9% | ||
| Q1 25 | 35.2% | 4.2% | ||
| Q4 24 | 47.4% | 35.7% | ||
| Q3 24 | 38.8% | -74.0% | ||
| Q2 24 | 36.4% | -42.5% | ||
| Q1 24 | 35.5% | -19.3% |
净利率DOCSEHTH
| Q4 25 | 33.3% | 26.7% | ||
| Q3 25 | 36.8% | -58.8% | ||
| Q2 25 | 36.5% | -28.6% | ||
| Q1 25 | 45.2% | 1.7% | ||
| Q4 24 | 44.6% | 30.9% | ||
| Q3 24 | 32.3% | -72.7% | ||
| Q2 24 | 32.7% | -42.5% | ||
| Q1 24 | 34.4% | -18.3% |
每股收益（稀释后）DOCSEHTH
| Q4 25 | $0.31 | $2.43 | ||
| Q3 25 | $0.31 | $-1.46 | ||
| Q2 25 | $0.27 | $-0.98 | ||
| Q1 25 | $0.31 | $-0.33 | ||
| Q4 24 | $0.37 | $2.93 | ||
| Q3 24 | $0.22 | $-1.83 | ||
| Q2 24 | $0.21 | $-1.33 | ||
| Q1 24 | $0.20 | $-0.96 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $64.8M | $73.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $979.3M | $591.6M |
| 总资产 | $1.2B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCSEHTH
| Q4 25 | $64.8M | $73.7M | ||
| Q3 25 | $169.2M | $63.1M | ||
| Q2 25 | $137.3M | $65.9M | ||
| Q1 25 | $209.6M | $121.1M | ||
| Q4 24 | $165.3M | $39.2M | ||
| Q3 24 | $184.2M | $64.0M | ||
| Q2 24 | $111.4M | $126.3M | ||
| Q1 24 | $96.8M | $175.0M |
股东权益DOCSEHTH
| Q4 25 | $979.3M | $591.6M | ||
| Q3 25 | $1.1B | $514.2M | ||
| Q2 25 | $1.0B | $554.9M | ||
| Q1 25 | $1.1B | $581.6M | ||
| Q4 24 | $1.0B | $588.4M | ||
| Q3 24 | $961.2M | $499.3M | ||
| Q2 24 | $913.6M | $548.9M | ||
| Q1 24 | $901.4M | $582.8M |
总资产DOCSEHTH
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.1B | $1.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $60.9M | $-35.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-36.1M |
| 自由现金流率自由现金流/营收 | — | -11.1% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 0.99× | -0.41× |
| 过去12个月自由现金流最近4个季度 | — | $-27.6M |
8季度趋势，按日历期对齐
经营现金流DOCSEHTH
| Q4 25 | $60.9M | $-35.9M | ||
| Q3 25 | $93.9M | $-25.3M | ||
| Q2 25 | $62.1M | $-41.2M | ||
| Q1 25 | $98.5M | $77.1M | ||
| Q4 24 | $65.2M | $-27.7M | ||
| Q3 24 | $68.3M | $-29.3M | ||
| Q2 24 | $41.2M | $-32.2M | ||
| Q1 24 | $63.9M | $70.8M |
自由现金流DOCSEHTH
| Q4 25 | — | $-36.1M | ||
| Q3 25 | — | $-25.5M | ||
| Q2 25 | — | $-42.8M | ||
| Q1 25 | — | $76.8M | ||
| Q4 24 | — | $-28.3M | ||
| Q3 24 | — | $-30.3M | ||
| Q2 24 | — | $-32.4M | ||
| Q1 24 | — | $70.6M |
自由现金流率DOCSEHTH
| Q4 25 | — | -11.1% | ||
| Q3 25 | — | -47.4% | ||
| Q2 25 | — | -70.4% | ||
| Q1 25 | — | 67.9% | ||
| Q4 24 | — | -9.0% | ||
| Q3 24 | — | -51.8% | ||
| Q2 24 | — | -49.3% | ||
| Q1 24 | — | 75.9% |
资本支出强度DOCSEHTH
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.0% | 0.4% | ||
| Q1 24 | 0.0% | 0.2% |
现金转化率DOCSEHTH
| Q4 25 | 0.99× | -0.41× | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | 39.55× | ||
| Q4 24 | 0.87× | -0.28× | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
