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Doximity, Inc.（DOCS）与First Watch Restaurant Group, Inc.（FWRG）财务数据对比。点击上方公司名可切换其他公司
First Watch Restaurant Group, Inc.的季度营收约是Doximity, Inc.的1.7倍（$316.4M vs $185.1M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 9.8%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 14.2%）
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。
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
DOCS vs FWRG — 直观对比
营收规模更大
FWRG
是对方的1.7倍
$185.1M
营收增速更快
FWRG
高出10.4%
9.8%
两年增速更快
DOCS
近两年复合增速
14.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $316.4M |
| 净利润 | $61.6M | — |
| 毛利率 | 89.9% | — |
| 营业利润率 | 38.9% | 2.9% |
| 净利率 | 33.3% | — |
| 营收同比 | 9.8% | 20.2% |
| 净利润同比 | -18.1% | — |
| 每股收益（稀释后） | $0.31 | $0.24 |
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DOCSFWRG
| Q4 25 | $185.1M | $316.4M | ||
| Q3 25 | $168.5M | $316.0M | ||
| Q2 25 | $145.9M | $307.9M | ||
| Q1 25 | $138.3M | $282.2M | ||
| Q4 24 | $168.6M | $263.3M | ||
| Q3 24 | $136.8M | $251.6M | ||
| Q2 24 | $126.7M | $258.6M | ||
| Q1 24 | $118.1M | $242.4M |
净利润DOCSFWRG
| Q4 25 | $61.6M | — | ||
| Q3 25 | $62.1M | $3.0M | ||
| Q2 25 | $53.3M | $2.1M | ||
| Q1 25 | $62.5M | $-829.0K | ||
| Q4 24 | $75.2M | — | ||
| Q3 24 | $44.2M | $2.1M | ||
| Q2 24 | $41.4M | $8.9M | ||
| Q1 24 | $40.6M | $7.2M |
毛利率DOCSFWRG
| 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% | — |
营业利润率DOCSFWRG
| Q4 25 | 38.9% | 2.9% | ||
| Q3 25 | 37.8% | 3.2% | ||
| Q2 25 | 37.4% | 2.4% | ||
| Q1 25 | 35.2% | 0.4% | ||
| Q4 24 | 47.4% | 1.5% | ||
| Q3 24 | 38.8% | 2.5% | ||
| Q2 24 | 36.4% | 6.4% | ||
| Q1 24 | 35.5% | 5.1% |
净利率DOCSFWRG
| Q4 25 | 33.3% | — | ||
| Q3 25 | 36.8% | 0.9% | ||
| Q2 25 | 36.5% | 0.7% | ||
| Q1 25 | 45.2% | -0.3% | ||
| Q4 24 | 44.6% | — | ||
| Q3 24 | 32.3% | 0.8% | ||
| Q2 24 | 32.7% | 3.4% | ||
| Q1 24 | 34.4% | 3.0% |
每股收益（稀释后）DOCSFWRG
| Q4 25 | $0.31 | $0.24 | ||
| Q3 25 | $0.31 | $0.05 | ||
| Q2 25 | $0.27 | $0.03 | ||
| Q1 25 | $0.31 | $-0.01 | ||
| Q4 24 | $0.37 | $0.01 | ||
| Q3 24 | $0.22 | $0.03 | ||
| Q2 24 | $0.21 | $0.14 | ||
| Q1 24 | $0.20 | $0.12 |
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 | $21.2M |
| 总债务越低越好 | — | $269.1M |
| 股东权益账面价值 | $979.3M | $626.3M |
| 总资产 | $1.2B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资DOCSFWRG
| Q4 25 | $64.8M | $21.2M | ||
| Q3 25 | $169.2M | $20.7M | ||
| Q2 25 | $137.3M | $19.2M | ||
| Q1 25 | $209.6M | $18.6M | ||
| Q4 24 | $165.3M | $33.3M | ||
| Q3 24 | $184.2M | $51.1M | ||
| Q2 24 | $111.4M | $45.1M | ||
| Q1 24 | $96.8M | $43.2M |
总债务DOCSFWRG
| Q4 25 | — | $269.1M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $191.5M | ||
| Q4 24 | — | $189.0M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $192.1M | ||
| Q1 24 | — | $122.7M |
股东权益DOCSFWRG
| Q4 25 | $979.3M | $626.3M | ||
| Q3 25 | $1.1B | $607.3M | ||
| Q2 25 | $1.0B | $601.3M | ||
| Q1 25 | $1.1B | $596.3M | ||
| Q4 24 | $1.0B | $595.4M | ||
| Q3 24 | $961.2M | $589.1M | ||
| Q2 24 | $913.6M | $585.8M | ||
| Q1 24 | $901.4M | $574.4M |
总资产DOCSFWRG
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | $1.3B |
负债/权益比DOCSFWRG
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.21× |
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 | $18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.3M |
| 自由现金流率自由现金流/营收 | — | -5.8% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 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 | — | $-31.0M |
8季度趋势，按日历期对齐
经营现金流DOCSFWRG
| Q4 25 | $60.9M | $18.5M | ||
| Q3 25 | $93.9M | $47.9M | ||
| Q2 25 | $62.1M | $39.4M | ||
| Q1 25 | $98.5M | $20.1M | ||
| Q4 24 | $65.2M | $22.9M | ||
| Q3 24 | $68.3M | $35.9M | ||
| Q2 24 | $41.2M | $31.9M | ||
| Q1 24 | $63.9M | $25.0M |
自由现金流DOCSFWRG
| Q4 25 | — | $-18.3M | ||
| Q3 25 | — | $5.5M | ||
| Q2 25 | — | $-1.7M | ||
| Q1 25 | — | $-16.4M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $-3.6M |
自由现金流率DOCSFWRG
| Q4 25 | — | -5.8% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | -0.5% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度DOCSFWRG
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | 0.0% | 13.0% | ||
| Q4 24 | 0.0% | 15.4% | ||
| Q3 24 | 0.0% | 11.6% | ||
| Q2 24 | 0.0% | 11.5% | ||
| Q1 24 | 0.0% | 11.8% |
现金转化率DOCSFWRG
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | 16.01× | ||
| Q2 25 | 1.16× | 18.72× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | 16.98× | ||
| Q2 24 | 1.00× | 3.59× | ||
| Q1 24 | 1.57× | 3.46× |
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% |
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
