# Doximity Inc. (DOCS) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Software. Price $32.60, market value $5.8 billion.

## Valuation
- **P/E (trailing): 38.4×** (5-yr avg 49.8×, 3-yr avg 37.8×). Doximity Inc. trades at 38.4× trailing earnings, well below its own five-year average of 49.8×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 20.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 8.9×**. Each dollar of revenue is priced at 8.9×.
- **Price / book: 6.4×**. The shares trade at 6.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 88.1%**. Doximity Inc. keeps 88.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 29.6%**. 29.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 30.4%**. 30.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 20.6%**. 20.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 14.9%**. Each dollar of assets produces 14.9% of profit.

## Growth
- **Revenue growth (1 yr): 13.1%** (3-yr 15.5%/yr, 5-yr 25.5%/yr). Revenue grew 13.1% over the last year, against 25.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -11.7%** (3-yr 22.7%/yr, 5-yr 33.6%/yr). Earnings per share fell 11.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 22.4%/yr**. Free cash flow has compounded at 22.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Current ratio: 6.09** (quick 6.09). Current assets cover the next year's liabilities 6.09 times.
- **Altman Z-score: 23.40**. A Z-score of 23.40 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Doximity Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (18 analysts). 18 analysts cover Doximity Inc.; the consensus is hold, with an average price target of $31.11 (-5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -50.2%** (YTD -25.8%, 3-mo 51.8%). The shares are down 50.2% over twelve months including dividends.
- **From 52-week high: -51.4%** (90.1% above the low). Trading 51% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 0.71** (volatility 64%). Beta of 0.71 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DOCS · Page: https://foliofundamentals.com/stocks/docs

Not investment advice.