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Doximity, Inc.（DOCS）与FIRST MERCHANTS CORP（FRME）财务数据对比。点击上方公司名可切换其他公司
Doximity, Inc.的季度营收约是FIRST MERCHANTS CORP的1.2倍（$185.1M vs $157.1M），Doximity, Inc.净利率更高（33.3% vs 17.9%，领先15.3%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs -0.9%）
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。
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
DOCS vs FRME — 直观对比
营收规模更大
DOCS
是对方的1.2倍
$157.1M
净利率更高
DOCS
高出15.3%
17.9%
两年增速更快
DOCS
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $157.1M |
| 净利润 | $61.6M | $28.2M |
| 毛利率 | 89.9% | — |
| 营业利润率 | 38.9% | — |
| 净利率 | 33.3% | 17.9% |
| 营收同比 | 9.8% | — |
| 净利润同比 | -18.1% | -49.1% |
| 每股收益（稀释后） | $0.31 | $0.45 |
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DOCSFRME
| Q1 26 | — | $157.1M | ||
| Q4 25 | $185.1M | $172.2M | ||
| Q3 25 | $168.5M | $166.1M | ||
| Q2 25 | $145.9M | $164.3M | ||
| Q1 25 | $138.3M | $160.3M | ||
| Q4 24 | $168.6M | $177.1M | ||
| Q3 24 | $136.8M | $156.0M | ||
| Q2 24 | $126.7M | $159.9M |
净利润DOCSFRME
| Q1 26 | — | $28.2M | ||
| Q4 25 | $61.6M | $57.1M | ||
| Q3 25 | $62.1M | $56.8M | ||
| Q2 25 | $53.3M | $56.8M | ||
| Q1 25 | $62.5M | $55.3M | ||
| Q4 24 | $75.2M | $64.3M | ||
| Q3 24 | $44.2M | $49.2M | ||
| Q2 24 | $41.4M | $39.9M |
毛利率DOCSFRME
| Q1 26 | — | — | ||
| 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% | — |
营业利润率DOCSFRME
| Q1 26 | — | — | ||
| Q4 25 | 38.9% | 38.0% | ||
| Q3 25 | 37.8% | 39.3% | ||
| Q2 25 | 37.4% | 39.6% | ||
| Q1 25 | 35.2% | 39.4% | ||
| Q4 24 | 47.4% | 43.3% | ||
| Q3 24 | 38.8% | 36.1% | ||
| Q2 24 | 36.4% | 27.5% |
净利率DOCSFRME
| Q1 26 | — | 17.9% | ||
| Q4 25 | 33.3% | 33.1% | ||
| Q3 25 | 36.8% | 34.2% | ||
| Q2 25 | 36.5% | 34.6% | ||
| Q1 25 | 45.2% | 34.5% | ||
| Q4 24 | 44.6% | 36.3% | ||
| Q3 24 | 32.3% | 31.5% | ||
| Q2 24 | 32.7% | 25.0% |
每股收益（稀释后）DOCSFRME
| Q1 26 | — | $0.45 | ||
| Q4 25 | $0.31 | $0.98 | ||
| Q3 25 | $0.31 | $0.98 | ||
| Q2 25 | $0.27 | $0.98 | ||
| Q1 25 | $0.31 | $0.94 | ||
| Q4 24 | $0.37 | $1.09 | ||
| Q3 24 | $0.22 | $0.84 | ||
| Q2 24 | $0.21 | $0.68 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $979.3M | $2.7B |
| 总资产 | $1.2B | $21.1B |
| 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DOCSFRME
| Q1 26 | — | — | ||
| 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 | — |
股东权益DOCSFRME
| Q1 26 | — | $2.7B | ||
| Q4 25 | $979.3M | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.3B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $961.2M | $2.3B | ||
| Q2 24 | $913.6M | $2.2B |
总资产DOCSFRME
| Q1 26 | — | $21.1B | ||
| Q4 25 | $1.2B | $19.0B | ||
| Q3 25 | $1.3B | $18.8B | ||
| Q2 25 | $1.2B | $18.6B | ||
| Q1 25 | $1.3B | $18.4B | ||
| Q4 24 | $1.2B | $18.3B | ||
| Q3 24 | $1.1B | $18.3B | ||
| Q2 24 | $1.1B | $18.3B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCSFRME
| Q1 26 | — | — | ||
| Q4 25 | $60.9M | $283.6M | ||
| Q3 25 | $93.9M | $87.6M | ||
| Q2 25 | $62.1M | $53.7M | ||
| Q1 25 | $98.5M | $61.7M | ||
| Q4 24 | $65.2M | $266.2M | ||
| Q3 24 | $68.3M | $76.8M | ||
| Q2 24 | $41.2M | $63.0M |
资本支出强度DOCSFRME
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
现金转化率DOCSFRME
| Q1 26 | — | — | ||
| Q4 25 | 0.99× | 4.97× | ||
| Q3 25 | 1.51× | 1.54× | ||
| Q2 25 | 1.16× | 0.94× | ||
| Q1 25 | 1.58× | 1.11× | ||
| Q4 24 | 0.87× | 4.14× | ||
| Q3 24 | 1.55× | 1.56× | ||
| Q2 24 | 1.00× | 1.58× |
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% |
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
