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Doximity, Inc.（DOCS）与Warby Parker Inc.（WRBY）财务数据对比。点击上方公司名可切换其他公司
Warby Parker Inc.的季度营收约是Doximity, Inc.的1.1倍（$212.0M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs -2.8%，领先36.1%），Warby Parker Inc.同比增速更快（11.2% vs 9.8%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs 2.9%）
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。
Warby Parker是总部位于纽约的美国眼镜品牌零售商，主营处方眼镜、隐形眼镜及太阳镜，还提供验光服务。品牌2010年创立之初仅在线上运营，目前约三分之二的收入来自276家线下实体门店，其中271家位于美国，5家位于加拿大，品牌未来计划开设900家门店，现有消费者规模228万，客单价约263美元。
DOCS vs WRBY — 直观对比
营收规模更大
WRBY
是对方的1.1倍
$185.1M
营收增速更快
WRBY
高出1.4%
9.8%
净利率更高
DOCS
高出36.1%
-2.8%
两年增速更快
DOCS
近两年复合增速
2.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.1M | $212.0M |
| 净利润 | $61.6M | $-6.0M |
| 毛利率 | 89.9% | 52.4% |
| 营业利润率 | 38.9% | -3.2% |
| 净利率 | 33.3% | -2.8% |
| 营收同比 | 9.8% | 11.2% |
| 净利润同比 | -18.1% | 13.4% |
| 每股收益（稀释后） | $0.31 | $-0.06 |
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DOCSWRBY
| Q4 25 | $185.1M | $212.0M | ||
| Q3 25 | $168.5M | $221.7M | ||
| Q2 25 | $145.9M | $214.5M | ||
| Q1 25 | $138.3M | $223.8M | ||
| Q4 24 | $168.6M | $190.6M | ||
| Q3 24 | $136.8M | $192.4M | ||
| Q2 24 | $126.7M | $188.2M | ||
| Q1 24 | $118.1M | $200.0M |
净利润DOCSWRBY
| Q4 25 | $61.6M | $-6.0M | ||
| Q3 25 | $62.1M | $5.9M | ||
| Q2 25 | $53.3M | $-1.8M | ||
| Q1 25 | $62.5M | $3.5M | ||
| Q4 24 | $75.2M | $-6.9M | ||
| Q3 24 | $44.2M | $-4.1M | ||
| Q2 24 | $41.4M | $-6.8M | ||
| Q1 24 | $40.6M | $-2.7M |
毛利率DOCSWRBY
| Q4 25 | 89.9% | 52.4% | ||
| Q3 25 | 90.3% | 54.1% | ||
| Q2 25 | 89.2% | 53.0% | ||
| Q1 25 | 89.5% | 56.3% | ||
| Q4 24 | 91.6% | 54.1% | ||
| Q3 24 | 90.0% | 54.5% | ||
| Q2 24 | 89.3% | 56.0% | ||
| Q1 24 | 89.4% | 56.7% |
营业利润率DOCSWRBY
| Q4 25 | 38.9% | -3.2% | ||
| Q3 25 | 37.8% | 1.6% | ||
| Q2 25 | 37.4% | -2.1% | ||
| Q1 25 | 35.2% | 1.1% | ||
| Q4 24 | 47.4% | -4.9% | ||
| Q3 24 | 38.8% | -3.4% | ||
| Q2 24 | 36.4% | -4.8% | ||
| Q1 24 | 35.5% | -2.6% |
净利率DOCSWRBY
| Q4 25 | 33.3% | -2.8% | ||
| Q3 25 | 36.8% | 2.6% | ||
| Q2 25 | 36.5% | -0.8% | ||
| Q1 25 | 45.2% | 1.6% | ||
| Q4 24 | 44.6% | -3.6% | ||
| Q3 24 | 32.3% | -2.1% | ||
| Q2 24 | 32.7% | -3.6% | ||
| Q1 24 | 34.4% | -1.3% |
每股收益（稀释后）DOCSWRBY
| Q4 25 | $0.31 | $-0.06 | ||
| Q3 25 | $0.31 | $0.05 | ||
| Q2 25 | $0.27 | $-0.01 | ||
| Q1 25 | $0.31 | $0.03 | ||
| Q4 24 | $0.37 | $-0.06 | ||
| Q3 24 | $0.22 | $-0.03 | ||
| Q2 24 | $0.21 | $-0.06 | ||
| Q1 24 | $0.20 | $-0.02 |
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 | $286.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $979.3M | $367.7M |
| 总资产 | $1.2B | $720.9M |
| 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DOCSWRBY
| Q4 25 | $64.8M | $286.4M | ||
| Q3 25 | $169.2M | $280.4M | ||
| Q2 25 | $137.3M | $286.4M | ||
| Q1 25 | $209.6M | $265.1M | ||
| Q4 24 | $165.3M | $254.2M | ||
| Q3 24 | $184.2M | $251.0M | ||
| Q2 24 | $111.4M | $238.0M | ||
| Q1 24 | $96.8M | $220.4M |
股东权益DOCSWRBY
| Q4 25 | $979.3M | $367.7M | ||
| Q3 25 | $1.1B | $369.6M | ||
| Q2 25 | $1.0B | $361.5M | ||
| Q1 25 | $1.1B | $354.1M | ||
| Q4 24 | $1.0B | $340.1M | ||
| Q3 24 | $961.2M | $336.8M | ||
| Q2 24 | $913.6M | $329.4M | ||
| Q1 24 | $901.4M | $316.2M |
总资产DOCSWRBY
| Q4 25 | $1.2B | $720.9M | ||
| Q3 25 | $1.3B | $706.9M | ||
| Q2 25 | $1.2B | $701.9M | ||
| Q1 25 | $1.3B | $682.8M | ||
| Q4 24 | $1.2B | $676.5M | ||
| Q3 24 | $1.1B | $638.0M | ||
| Q2 24 | $1.1B | $618.2M | ||
| Q1 24 | $1.1B | $592.9M |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.1M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 7.1% |
| 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 | — | $43.7M |
8季度趋势，按日历期对齐
经营现金流DOCSWRBY
| Q4 25 | $60.9M | $23.3M | ||
| Q3 25 | $93.9M | $18.0M | ||
| Q2 25 | $62.1M | $40.2M | ||
| Q1 25 | $98.5M | $29.4M | ||
| Q4 24 | $65.2M | $19.9M | ||
| Q3 24 | $68.3M | $27.3M | ||
| Q2 24 | $41.2M | $31.6M | ||
| Q1 24 | $63.9M | $19.9M |
自由现金流DOCSWRBY
| Q4 25 | — | $8.1M | ||
| Q3 25 | — | $-1.5M | ||
| Q2 25 | — | $23.9M | ||
| Q1 25 | — | $13.2M | ||
| Q4 24 | — | $2.2M | ||
| Q3 24 | — | $13.1M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $5.5M |
自由现金流率DOCSWRBY
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 2.7% |
资本支出强度DOCSWRBY
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | 0.0% | 7.2% | ||
| Q4 24 | 0.0% | 9.3% | ||
| Q3 24 | 0.0% | 7.4% | ||
| Q2 24 | 0.0% | 9.4% | ||
| Q1 24 | 0.0% | 7.2% |
现金转化率DOCSWRBY
| Q4 25 | 0.99× | — | ||
| Q3 25 | 1.51× | 3.06× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.58× | 8.46× | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.57× | — |
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% |
WRBY
| Retail | $155.2M | 73% |
| E Commerce | $56.8M | 27% |
