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Doximity, Inc.（DOCS）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是Doximity, Inc.的1.4倍（$252.5M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 11.0%，领先22.3%），Doximity, Inc.同比增速更快（9.8% vs 2.7%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
DOCS vs USAC — 直观对比
营收规模更大
USAC
是对方的1.4倍
$185.1M
营收增速更快
DOCS
高出7.1%
2.7%
净利率更高
DOCS
高出22.3%
11.0%
两年增速更快
DOCS
近两年复合增速
4.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $252.5M |
| 净利润 | $61.6M | $27.8M |
| 毛利率 | 89.9% | — |
| 营业利润率 | 38.9% | 30.3% |
| 净利率 | 33.3% | 11.0% |
| 营收同比 | 9.8% | 2.7% |
| 净利润同比 | -18.1% | 9.1% |
| 每股收益（稀释后） | $0.31 | — |
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DOCSUSAC
| Q4 25 | $185.1M | $252.5M | ||
| Q3 25 | $168.5M | $250.3M | ||
| Q2 25 | $145.9M | $250.1M | ||
| Q1 25 | $138.3M | $245.2M | ||
| Q4 24 | $168.6M | $245.9M | ||
| Q3 24 | $136.8M | $240.0M | ||
| Q2 24 | $126.7M | $235.3M | ||
| Q1 24 | $118.1M | $229.3M |
净利润DOCSUSAC
| Q4 25 | $61.6M | $27.8M | ||
| Q3 25 | $62.1M | $34.5M | ||
| Q2 25 | $53.3M | $28.6M | ||
| Q1 25 | $62.5M | $20.5M | ||
| Q4 24 | $75.2M | $25.4M | ||
| Q3 24 | $44.2M | $19.3M | ||
| Q2 24 | $41.4M | $31.2M | ||
| Q1 24 | $40.6M | $23.6M |
毛利率DOCSUSAC
| 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DOCSUSAC
| Q4 25 | 38.9% | 30.3% | ||
| Q3 25 | 37.8% | 33.5% | ||
| Q2 25 | 37.4% | 30.6% | ||
| Q1 25 | 35.2% | 28.3% | ||
| Q4 24 | 47.4% | 30.3% | ||
| Q3 24 | 38.8% | 31.5% | ||
| Q2 24 | 36.4% | 32.9% | ||
| Q1 24 | 35.5% | 29.2% |
净利率DOCSUSAC
| Q4 25 | 33.3% | 11.0% | ||
| Q3 25 | 36.8% | 13.8% | ||
| Q2 25 | 36.5% | 11.4% | ||
| Q1 25 | 45.2% | 8.4% | ||
| Q4 24 | 44.6% | 10.3% | ||
| Q3 24 | 32.3% | 8.1% | ||
| Q2 24 | 32.7% | 13.3% | ||
| Q1 24 | 34.4% | 10.3% |
每股收益（稀释后）DOCSUSAC
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.31 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.37 | — | ||
| Q3 24 | $0.22 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.20 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $979.3M | — |
| 总资产 | $1.2B | $2.6B |
| 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DOCSUSAC
| Q4 25 | $64.8M | $8.6M | ||
| Q3 25 | $169.2M | — | ||
| Q2 25 | $137.3M | $2.0K | ||
| Q1 25 | $209.6M | $2.0K | ||
| Q4 24 | $165.3M | $14.0K | ||
| Q3 24 | $184.2M | $79.0K | ||
| Q2 24 | $111.4M | $9.0K | ||
| Q1 24 | $96.8M | $8.0K |
总债务DOCSUSAC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益DOCSUSAC
| Q4 25 | $979.3M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $961.2M | — | ||
| Q2 24 | $913.6M | — | ||
| Q1 24 | $901.4M | — |
总资产DOCSUSAC
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.3B | $2.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.2B | $2.7B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $1.1B | $2.8B |
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 | $139.5M |
| 自由现金流经营现金流 - 资本支出 | — | $87.7M |
| 自由现金流率自由现金流/营收 | — | 34.8% |
| 资本支出强度资本支出/营收 | — | 20.5% |
| 现金转化率经营现金流/净利润 | 0.99× | 5.02× |
| 过去12个月自由现金流最近4个季度 | — | $277.0M |
8季度趋势，按日历期对齐
经营现金流DOCSUSAC
| Q4 25 | $60.9M | $139.5M | ||
| Q3 25 | $93.9M | $75.9M | ||
| Q2 25 | $62.1M | $124.2M | ||
| Q1 25 | $98.5M | $54.7M | ||
| Q4 24 | $65.2M | $130.2M | ||
| Q3 24 | $68.3M | $48.5M | ||
| Q2 24 | $41.2M | $96.7M | ||
| Q1 24 | $63.9M | $65.9M |
自由现金流DOCSUSAC
| Q4 25 | — | $87.7M | ||
| Q3 25 | — | $51.9M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | — | $101.2M | ||
| Q3 24 | — | $19.8M | ||
| Q2 24 | — | $48.2M | ||
| Q1 24 | — | $-32.7M |
自由现金流率DOCSUSAC
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 40.4% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 41.1% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | -14.3% |
资本支出强度DOCSUSAC
| Q4 25 | — | 20.5% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | 0.0% | 7.5% | ||
| Q4 24 | 0.0% | 11.8% | ||
| Q3 24 | 0.0% | 12.0% | ||
| Q2 24 | 0.0% | 20.6% | ||
| Q1 24 | 0.0% | 43.0% |
现金转化率DOCSUSAC
| Q4 25 | 0.99× | 5.02× | ||
| Q3 25 | 1.51× | 2.20× | ||
| Q2 25 | 1.16× | 4.35× | ||
| Q1 25 | 1.58× | 2.66× | ||
| Q4 24 | 0.87× | 5.12× | ||
| Q3 24 | 1.55× | 2.51× | ||
| Q2 24 | 1.00× | 3.10× | ||
| Q1 24 | 1.57× | 2.80× |
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% |
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
