Doximity, Inc. Financial Ratios — DOCS Stock

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	135.95	55.12	98.97	167.02
Return on Assets (%)	- -	42.81	25.71	24.9	10.6	13.32	19.05
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	132.61	- -	11.38	14.33	19.27
Gross Margin (%)	87.29	87.2	84.92	88.42	87.24	89.34	90.2
EBITDA Margin (%)	8.72	19.82	27.55	34.52	32.31	38.3	42.21
Operating Margin (%)	8.08	19.04	25.76	33.05	29.86	36.14	40.34
Incremental Operating Margin (%)	- -	49.66	34.41	44.08	15.33	82.86	61.37
Pretax Margin (%)	9.25	20.2	27.92	33.18	31.78	38.96	46.21
Profit Margin (%)	9.14	25.55	24.27	45.05	26.92	31.04	39.13
Net Income to Common Margin (%)	9.14	25.55	24.27	45.05	26.92	31.04	39.13
Effective Tax Rate (%)	1.24	- -	13.08	- -	15.27	20.31	15.32
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	135.95	55.12	98.97	167.02

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	2	1	1	16	15	12
LT Debt	- -	- -	- -	- -	14	12	10
ST Debt	- -	2	1	1	2	2	2
Total Debt/EBITDA	- -	0.1	0.02	0.01	0.12	0.08	0.05
Net Debt/EBITDA	- -	-2.1	-1.16	-0.95	-1.17	-0.53	-0.87
Total Debt/EBIT	- -	0.1	0.02	0.01	0.12	0.08	0.05
Net Debt/EBIT	- -	-2.19	-1.25	-0.99	-1.26	-0.56	-0.91
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	- -	-9.95	14.46	19.3	19.18	7.43	14.8
Long-Term Debt/Equity (%)	- -	28.52	0.43	0.05	1.44	1.38	0.94
Long-Term Debt/Capital (%)	- -	-2.81	0.75	0.23	5.94	13.09	5.11
Long-Term Debt/Total Assets (%)	- -	0.23	0.11	0.05	1.22	1.15	0.81
Total Debt/Equity (%)	- -	200.97	1.88	0.12	1.62	1.61	1.14
Total Debt/Capital (%)	- -	-19.79	3.33	0.57	6.69	15.36	6.21
Total Debt/Total Assets (%)	- -	1.64	0.5	0.11	1.38	1.35	0.98
Net Debt to Equity	- -	-4,263.2	-99.48	-12.84	-16.36	-10.74	-19.36
Net Debt/Capital (%)	- -	80.76	231.08	-141.76	-208.87	4,691.47	2,067
EBITDA	7	23	57	119	135	182	241
EBITDA-CapEx	7	19	52	113	129	176	234
Operating Income (Loss)	7	22	53	114	125	172	230

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	1.55	1.4	7.17	6.03	5.18	5.86
Current Ratio	- -	2.21	2.05	8.12	6.99	6.2	6.97
Quick Ratio	- -	2.02	1.89	7.9	6.8	5.87	6.68
CFO/Avg Current Liab	- -	0.94	1.05	1.19	1.43	1.28	1.8
Common Equity/Total Assets	- -	-9.95	14.46	19.3	19.18	7.43	14.8
Long-Term Debt/Equity (%)	- -	28.52	0.43	0.05	1.44	1.38	0.94
Long-Term Debt/Capital (%)	- -	-2.81	0.75	0.23	5.94	13.09	5.11
Long-Term Debt/Total Assets (%)	- -	0.23	0.11	0.05	1.22	1.15	0.81
Total Debt/Equity (%)	- -	200.97	1.88	0.12	1.62	1.61	1.14
Total Debt/Capital (%)	- -	-19.79	3.33	0.57	6.69	15.36	6.21
Total Debt/Total Assets (%)	- -	1.64	0.5	0.11	1.38	1.35	0.98
CFO/Total Liabilities	- -	19.01	44.86	112.25	105.17	103.44	150.41
CFO/CapEx	134.26	6.17	18	22.22	29.04	31.74	41.88
Altman's Z-Score	- -	1.81	2.52	47.32	24.04	19.36	2.31

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	8.9	5.41	5.23	4.46	4.56	4.97
Days Sales Outstanding	- -	41.02	67.46	69.8	81.93	79.99	73.49
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	21.03	21.28	40.23	61.66	28.75	30.96
Accounts Payable Turnover Days	- -	17.36	17.15	9.07	5.92	12.7	11.79
Cash Conversion Cycle	- -	23.67	50.31	60.73	76.01	67.29	61.7
Inventory to Cash Days	- -	41.02	67.46	69.8	81.93	79.99	73.49
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	8,516	6,255	5,118	- -
- Cash & Cash Equivalents	- -	48	66	113	158	97	210
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	2	1	1	16	15	12
Enterprise Value	- -	-84	-141	7,719	5,430	4,369	-903
Total Capital	- -	-12	38	192	234	95	199
Total Debt/Capital (%)	- -	-19.79	3.33	0.57	6.69	15.36	6.21
Total Debt / EV	- -	-0.03	-0.01	- -	- -	- -	-0.01
EV/Sales	- -	- -	- -	22.47	12.96	9.19	- -
EV/EBITDA	- -	- -	- -	65.1	40.1	24	- -
EV/EBIT	- -	- -	- -	67.99	43.4	25.43	- -
EV/Cash Flow to Firm	- -	- -	- -	60.98	30.23	23.73	- -
EV/Free Cash Flow to Firm	- -	- -	- -	58.36	29.23	23.01	- -
Diluted Market Cap	- -	- -	- -	9,950	6,911	5,536	- -
Diluted Enterprise Value	- -	-46	-65	9,838	6,768	5,454	-197
EV per Share	- -	- -	- -	47.21	28.11	22.97	- -
TTM Sales	86	116	207	344	419	475	570
TTM EBITDA	7	23	57	119	135	182	241
TTM Operating Income	7	22	53	114	125	172	230
TTM Cash Flow to Firm	15	26	83	127	180	184	273
TTM Free Cash Flow to Firm	15	30	88	132	186	190	280

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Earnings	- -	- -	- -	55.02	55.44	34.68	- -
Price/Earnings Average	- -	- -	- -	66.34	59.81	36.28	- -
Price/Earnings High	- -	- -	- -	113.85	93.64	47.81	- -
Price/Earnings Low	- -	- -	- -	42.16	39.23	25.4	- -
Price/Book Value	- -	- -	- -	44.52	28.69	63.83	- -
Price/Book Value Average	- -	- -	- -	53.68	30.94	66.79	- -
Price/Book Value High	- -	- -	- -	92.12	48.45	88	- -
Price/Book Value Low	- -	- -	- -	34.12	20.3	46.75	- -
Price/Tangible Book Value	- -	- -	- -	10	7.22	6.35	- -
Price/Tangible Book Value Average	- -	- -	- -	12.06	7.79	6.64	- -
Price/Tangible Book Value High	- -	- -	- -	20.69	12.19	8.75	- -
Price/Tangible Book Value Low	- -	- -	- -	7.66	5.11	4.65	- -
Price/Sales	- -	- -	- -	24.79	14.93	10.76	- -
Price/Sales Average	- -	- -	- -	29.89	16.1	11.26	- -
Price/Sales High	- -	- -	- -	51.29	25.21	14.84	- -
Price/Sales Low	- -	- -	- -	19	10.56	7.88	- -
Price/Cash Flow	- -	- -	- -	67.28	34.83	27.8	- -
Price/Cash Flow Average	- -	- -	- -	81.13	37.57	29.09	- -
Price/Cash Flow High	- -	- -	- -	139.22	58.82	38.32	- -
Price/Cash Flow Low	- -	- -	- -	51.56	24.64	20.36	- -
Price/Free Cash Flow	- -	- -	- -	75.22	37.2	29.15	- -
Price/Free Cash Flow Average	- -	- -	- -	90.71	40.12	30.5	- -
Price/Free Cash Flow High	- -	- -	- -	155.66	62.83	40.19	- -
Price/Free Cash Flow Low	- -	- -	- -	57.65	26.32	21.35	- -
EV/Sales	- -	- -	- -	22.47	12.96	9.19	- -
EV/Sales Average	- -	- -	- -	29.56	15.76	11.09	- -
EV/Sales High	- -	- -	- -	50.97	24.87	14.67	- -
EV/Sales Low	- -	- -	- -	18.67	10.22	7.71	- -
EV/EBITDA	- -	- -	- -	65.1	40.1	24	- -
EV/EBITDA Average	- -	-2	-1.14	85.66	48.78	28.96	-0.82
EV/EBITDA High	- -	-2	-1.14	147.67	76.98	38.3	-0.82
EV/EBITDA Low	- -	-2	-1.14	54.1	31.64	20.13	-0.82
EV/EBIT	- -	- -	- -	67.99	43.4	25.43	- -
EV/EBIT Average	- -	-2.08	-1.22	89.46	52.79	30.69	-0.86
EV/EBIT High	- -	-2.08	-1.22	154.23	83.31	40.59	-0.86
EV/EBIT Low	- -	-2.08	-1.22	56.5	34.24	21.34	-0.86
Last Price	- -	- -	- -	52.09	32.38	26.91	58.03
High Price	- -	- -	- -	107.79	54.69	37.1	85.21
Low Price	- -	- -	- -	39.92	22.91	19.71	22.96
Enterprise Value	- -	-84	-141	7,719	5,430	4,369	-903
Enterprise Value Average	- -	-46	-65	10,157	6,605	5,272	-197
Enterprise Value High	- -	-46	-65	17,510	10,422	6,973	-197
Enterprise Value Low	- -	-46	-65	6,415	4,283	3,666	-197

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	178	178	192	194	187	189
Diluted Weighted Avg Shares	171	171	178	191	213	206	- -
Basic Weighted Avg Shares	151	151	178	163	193	190	- -
Revenue per Share	0.57	0.77	1.16	2.1	2.17	2.5	- -
EBITDA per Share	0.05	0.15	0.32	0.73	0.7	0.96	- -
Operating Income per Share	0.05	0.15	0.3	0.69	0.65	0.9	- -
Basic EPS, GAAP	0.05	0.2	0.28	0.95	0.58	0.78	- -
Basic EPS from Cont Ops	0.05	0.2	0.28	0.95	0.58	0.78	- -
Diluted EPS, GAAP	0.05	0.17	0.28	0.81	0.53	0.72	- -
Diluted EPS from Cont Ops	0.05	0.17	0.28	0.81	0.53	0.72	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.1	0.17	0.47	0.77	0.93	0.97	- -
Free Cash Flow per Basic Share	0.1	0.15	0.44	0.74	0.9	0.94	- -
Cash & Equivalents per Share	- -	0.57	0.8	4.88	4.35	4.01	- -
Book Value per Share	- -	-0.09	0.2	1.17	1.13	0.42	- -
Tangible Book Value per Share	- -	- -	0.21	5.21	4.48	4.24	- -

Doximity, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items