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Doximity, Inc.（DOCS）与PROASSURANCE CORP（PRA）财务数据对比。点击上方公司名可切换其他公司
PROASSURANCE CORP的季度营收约是Doximity, Inc.的1.5倍（$269.6M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 12.4%，领先20.9%），Doximity, Inc.同比增速更快（9.8% vs -7.1%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs -2.7%）
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。
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
DOCS vs PRA — 直观对比
营收规模更大
PRA
是对方的1.5倍
$185.1M
营收增速更快
DOCS
高出16.8%
-7.1%
净利率更高
DOCS
高出20.9%
12.4%
两年增速更快
DOCS
近两年复合增速
-2.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $269.6M |
| 净利润 | $61.6M | $33.4M |
| 毛利率 | 89.9% | — |
| 营业利润率 | 38.9% | 17.3% |
| 净利率 | 33.3% | 12.4% |
| 营收同比 | 9.8% | -7.1% |
| 净利润同比 | -18.1% | 106.4% |
| 每股收益（稀释后） | $0.31 | $0.65 |
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DOCSPRA
| Q4 25 | $185.1M | $269.6M | ||
| Q3 25 | $168.5M | $279.6M | ||
| Q2 25 | $145.9M | $276.8M | ||
| Q1 25 | $138.3M | $272.1M | ||
| Q4 24 | $168.6M | $290.1M | ||
| Q3 24 | $136.8M | $285.3M | ||
| Q2 24 | $126.7M | $290.4M | ||
| Q1 24 | $118.1M | $284.7M |
净利润DOCSPRA
| Q4 25 | $61.6M | $33.4M | ||
| Q3 25 | $62.1M | $1.4M | ||
| Q2 25 | $53.3M | $21.9M | ||
| Q1 25 | $62.5M | $-5.8M | ||
| Q4 24 | $75.2M | $16.2M | ||
| Q3 24 | $44.2M | $16.4M | ||
| Q2 24 | $41.4M | $15.5M | ||
| Q1 24 | $40.6M | $4.6M |
毛利率DOCSPRA
| 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DOCSPRA
| Q4 25 | 38.9% | 17.3% | ||
| Q3 25 | 37.8% | 1.6% | ||
| Q2 25 | 37.4% | 9.9% | ||
| Q1 25 | 35.2% | -2.3% | ||
| Q4 24 | 47.4% | 6.5% | ||
| Q3 24 | 38.8% | 7.4% | ||
| Q2 24 | 36.4% | 6.2% | ||
| Q1 24 | 35.5% | 1.9% |
净利率DOCSPRA
| Q4 25 | 33.3% | 12.4% | ||
| Q3 25 | 36.8% | 0.5% | ||
| Q2 25 | 36.5% | 7.9% | ||
| Q1 25 | 45.2% | -2.1% | ||
| Q4 24 | 44.6% | 5.6% | ||
| Q3 24 | 32.3% | 5.8% | ||
| Q2 24 | 32.7% | 5.3% | ||
| Q1 24 | 34.4% | 1.6% |
每股收益（稀释后）DOCSPRA
| Q4 25 | $0.31 | $0.65 | ||
| Q3 25 | $0.31 | $0.03 | ||
| Q2 25 | $0.27 | $0.42 | ||
| Q1 25 | $0.31 | $-0.11 | ||
| Q4 24 | $0.37 | $0.32 | ||
| Q3 24 | $0.22 | $0.32 | ||
| Q2 24 | $0.21 | $0.30 | ||
| Q1 24 | $0.20 | $0.09 |
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 | $36.5M |
| 总债务越低越好 | — | $420.4M |
| 股东权益账面价值 | $979.3M | $1.3B |
| 总资产 | $1.2B | $5.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资DOCSPRA
| Q4 25 | $64.8M | $36.5M | ||
| Q3 25 | $169.2M | $54.5M | ||
| Q2 25 | $137.3M | $41.6M | ||
| Q1 25 | $209.6M | $43.5M | ||
| Q4 24 | $165.3M | $54.9M | ||
| Q3 24 | $184.2M | $45.3M | ||
| Q2 24 | $111.4M | $36.9M | ||
| Q1 24 | $96.8M | $65.4M |
总债务DOCSPRA
| Q4 25 | — | $420.4M | ||
| Q3 25 | — | $421.5M | ||
| Q2 25 | — | $422.6M | ||
| Q1 25 | — | $423.7M | ||
| Q4 24 | — | $424.9M | ||
| Q3 24 | — | $425.9M | ||
| Q2 24 | — | $426.9M | ||
| Q1 24 | — | $427.8M |
股东权益DOCSPRA
| Q4 25 | $979.3M | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $961.2M | $1.2B | ||
| Q2 24 | $913.6M | $1.1B | ||
| Q1 24 | $901.4M | $1.1B |
总资产DOCSPRA
| Q4 25 | $1.2B | $5.4B | ||
| Q3 25 | $1.3B | $5.6B | ||
| Q2 25 | $1.2B | $5.5B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $1.2B | $5.6B | ||
| Q3 24 | $1.1B | $5.7B | ||
| Q2 24 | $1.1B | $5.6B | ||
| Q1 24 | $1.1B | $5.7B |
负债/权益比DOCSPRA
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $-25.6M |
| 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× | -0.77× |
| 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DOCSPRA
| Q4 25 | $60.9M | $-25.6M | ||
| Q3 25 | $93.9M | $27.2M | ||
| Q2 25 | $62.1M | $-28.1M | ||
| Q1 25 | $98.5M | $-11.6M | ||
| Q4 24 | $65.2M | $-10.7M | ||
| Q3 24 | $68.3M | $14.0M | ||
| Q2 24 | $41.2M | $-12.8M | ||
| Q1 24 | $63.9M | $-11.6M |
资本支出强度DOCSPRA
| 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DOCSPRA
| Q4 25 | 0.99× | -0.77× | ||
| Q3 25 | 1.51× | 18.81× | ||
| Q2 25 | 1.16× | -1.28× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 0.87× | -0.66× | ||
| Q3 24 | 1.55× | 0.85× | ||
| Q2 24 | 1.00× | -0.83× | ||
| Q1 24 | 1.57× | -2.52× |
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% |
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
