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Doximity, Inc.（DOCS）与H2O AMERICA（HTO）财务数据对比。点击上方公司名可切换其他公司
H2O AMERICA的季度营收约是Doximity, Inc.的1.1倍（$199.4M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 8.1%，领先25.1%），Doximity, Inc.同比增速更快（9.8% vs 1.5%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 15.3%）
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。
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
DOCS vs HTO — 直观对比
营收规模更大
HTO
是对方的1.1倍
$185.1M
营收增速更快
DOCS
高出8.3%
1.5%
净利率更高
DOCS
高出25.1%
8.1%
两年增速更快
DOCS
近两年复合增速
15.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $199.4M |
| 净利润 | $61.6M | $16.2M |
| 毛利率 | 89.9% | — |
| 营业利润率 | 38.9% | 16.6% |
| 净利率 | 33.3% | 8.1% |
| 营收同比 | 9.8% | 1.5% |
| 净利润同比 | -18.1% | -29.2% |
| 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DOCSHTO
| Q4 25 | $185.1M | $199.4M | ||
| Q3 25 | $168.5M | $243.5M | ||
| Q2 25 | $145.9M | $197.8M | ||
| Q1 25 | $138.3M | $164.9M | ||
| Q4 24 | $168.6M | $196.5M | ||
| Q3 24 | $136.8M | $216.7M | ||
| Q2 24 | $126.7M | $173.1M | ||
| Q1 24 | $118.1M | $150.0M |
净利润DOCSHTO
| Q4 25 | $61.6M | $16.2M | ||
| Q3 25 | $62.1M | $45.1M | ||
| Q2 25 | $53.3M | $24.7M | ||
| Q1 25 | $62.5M | $16.6M | ||
| Q4 24 | $75.2M | $22.9M | ||
| Q3 24 | $44.2M | $38.7M | ||
| Q2 24 | $41.4M | $20.7M | ||
| Q1 24 | $40.6M | $11.7M |
毛利率DOCSHTO
| 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DOCSHTO
| Q4 25 | 38.9% | 16.6% | ||
| Q3 25 | 37.8% | 26.5% | ||
| Q2 25 | 37.4% | 22.2% | ||
| Q1 25 | 35.2% | 21.8% | ||
| Q4 24 | 47.4% | 22.2% | ||
| Q3 24 | 38.8% | 26.9% | ||
| Q2 24 | 36.4% | 23.4% | ||
| Q1 24 | 35.5% | 18.6% |
净利率DOCSHTO
| Q4 25 | 33.3% | 8.1% | ||
| Q3 25 | 36.8% | 18.5% | ||
| Q2 25 | 36.5% | 12.5% | ||
| Q1 25 | 45.2% | 10.0% | ||
| Q4 24 | 44.6% | 11.7% | ||
| Q3 24 | 32.3% | 17.8% | ||
| Q2 24 | 32.7% | 12.0% | ||
| Q1 24 | 34.4% | 7.8% |
每股收益（稀释后）DOCSHTO
| Q4 25 | $0.31 | $0.45 | ||
| Q3 25 | $0.31 | $1.27 | ||
| Q2 25 | $0.27 | $0.71 | ||
| Q1 25 | $0.31 | $0.49 | ||
| Q4 24 | $0.37 | $0.70 | ||
| Q3 24 | $0.22 | $1.17 | ||
| Q2 24 | $0.21 | $0.64 | ||
| Q1 24 | $0.20 | $0.36 |
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 | $20.7M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $979.3M | $1.5B |
| 总资产 | $1.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资DOCSHTO
| Q4 25 | $64.8M | $20.7M | ||
| Q3 25 | $169.2M | $11.3M | ||
| Q2 25 | $137.3M | $19.8M | ||
| Q1 25 | $209.6M | $23.7M | ||
| Q4 24 | $165.3M | $11.1M | ||
| Q3 24 | $184.2M | $4.0M | ||
| Q2 24 | $111.4M | $22.8M | ||
| Q1 24 | $96.8M | $4.5M |
总债务DOCSHTO
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCSHTO
| Q4 25 | $979.3M | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $961.2M | $1.3B | ||
| Q2 24 | $913.6M | $1.3B | ||
| Q1 24 | $901.4M | $1.2B |
总资产DOCSHTO
| Q4 25 | $1.2B | $5.1B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.1B | $4.4B | ||
| Q1 24 | $1.1B | $4.4B |
负债/权益比DOCSHTO
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $63.5M |
| 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× | 3.92× |
| 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DOCSHTO
| Q4 25 | $60.9M | $63.5M | ||
| Q3 25 | $93.9M | $77.3M | ||
| Q2 25 | $62.1M | $60.8M | ||
| Q1 25 | $98.5M | $43.2M | ||
| Q4 24 | $65.2M | $41.5M | ||
| Q3 24 | $68.3M | $53.5M | ||
| Q2 24 | $41.2M | $49.3M | ||
| Q1 24 | $63.9M | $51.2M |
资本支出强度DOCSHTO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
现金转化率DOCSHTO
| Q4 25 | 0.99× | 3.92× | ||
| Q3 25 | 1.51× | 1.71× | ||
| Q2 25 | 1.16× | 2.47× | ||
| Q1 25 | 1.58× | 2.61× | ||
| Q4 24 | 0.87× | 1.81× | ||
| Q3 24 | 1.55× | 1.39× | ||
| Q2 24 | 1.00× | 2.38× | ||
| Q1 24 | 1.57× | 4.38× |
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% |
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
