Doximity (DOCS) FCF Margin (2020 - 2026)
Doximity (DOCS) posted quarterly FCF Margin of 79.91% for Q1 2026, up 506.0% year-over-year from 13.19% in Q1 2025, and up 152.45% quarter-over-quarter from 31.65% in Q4 2025.
Doximity (DOCS) FCF Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported FCF Margin for 7 consecutive years, with 79.91% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 506.0% year-over-year to 79.91%; the TTM figure through Mar 2026 stood at 50.62% (up 272.0% YoY), while the FY2026 annual figure was 50.62%, up 272.0% from the prior year.
- FCF Margin grew to 79.91% in Q1 2026 per DOCS's latest filing, from 31.65% in the prior quarter.
- Across five years, FCF Margin topped out at 79.91% in Q1 2026 and bottomed at 11.32% in Q3 2023.
- Historically, FCF Margin has averaged 45.03% across 5 years, with a median of 42.07% in 2022.
- Annual changes were most pronounced in 2023 — FCF Margin plunged 2729 bps — and 2024, when it jumped 3750 bps.
- Doximity's FCF Margin stood at 42.07% in 2022, then retreated by 19 bps to 34.11% in 2023, then grew by 10 bps to 37.61% in 2024, then dropped by 16 bps to 31.65% in 2025, then jumped by 152 bps to 79.91% in 2026.
- Business Quant data shows DOCS's FCF Margin at 79.91% in Q1 2026, 31.65% in Q4 2025, and 54.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.38% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 10.19% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 46.84% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 13.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.33% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 0.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.33% |
| Mar 31, 2026 | 79.91% |
| Dec 31, 2025 | 31.65% |
| Sep 30, 2025 | 54.34% |
| Jun 30, 2025 | 41.21% |
| Mar 31, 2025 | 74.85% |
| Dec 31, 2024 | 37.61% |
| Sep 30, 2024 | 48.82% |
| Jun 30, 2024 | 31.21% |
| Mar 31, 2024 | 52.78% |
| Dec 31, 2023 | 34.11% |
| Sep 30, 2023 | 11.32% |
| Jun 30, 2023 | 52.67% |
| Mar 31, 2023 | 39.50% |
| Dec 31, 2022 | 42.07% |
| Sep 30, 2022 | 38.61% |
| Jun 30, 2022 | 47.81% |
| Mar 31, 2022 | 47.02% |
| Dec 31, 2021 | 27.14% |
| Sep 30, 2021 | 24.02% |