Certara vs Doximity

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KIRA’s take AI analyst

I put Certara and Doximity side by side, using each one’s latest annual report. Here is what stands out:

Doximity is the larger business, with $645M of revenue in fiscal 2026 against $419M for Certara, about 1.5 times as much.
Doximity grew revenue faster (13.1%, against 8.8%).
Doximity kept more of each dollar of sales as operating profit (33.3% operating margin, against 5.0%).
Doximity turned more of its sales into free cash flow (50.6% FCF margin, against 22.6%).
Doximity earned a higher return on the capital invested in it (91.3%, against 0.9%).

Who comes out ahead

Of the 10 measures where higher (or lower) is clearly better, how many each company leads.

Certara

CERT

1/10

Piotroski F-score

Doximity

DOCS

9/10

Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change

Side by side

Best in the row

Latest fiscal year	CERT FY25	DOCS FY26
Size
Market cap	$1.6B	$6.4B
Revenue	$419M	$645M
Free cash flow	$94.6M	$326M
Net income	−$1.6M	$196M
Growth
Revenue growth	8.8%	13.1%
5-year growth	11.5%	25.5%
Share count change	0.0%	−1.1%
Profitability
Gross margin	—	89.1%
Operating margin	5.0%	33.3%
Net margin	−0.4%	30.4%
FCF margin	22.6%	50.6%
Return on capital	0.9%	91.3%
Return on equity	−0.2%	19.3%
Balance sheet
Net debt	$104M	−$749M
Net debt / EBITDA	1.1x	−3.3x
Dividends and buybacks	$42.6M	$432M
Valuation & quality
P/E	—	39.3x
Piotroski F-score	5	4

Ten years

Revenue

FY19

CERT $209M

DOCS —

FY20

CERT $244M

DOCS $116M

FY21

CERT $286M

DOCS $207M

FY22

CERT $336M

DOCS $344M

FY23

CERT $354M

DOCS $419M

FY24

CERT $385M

DOCS $475M

FY25

CERT $419M

DOCS $570M

FY26

CERT —

DOCS $645M

CERT DOCS

Operating margin

FY19

CERT 9.4%

DOCS —

FY20

CERT −10.0%

DOCS 19.0%

FY21

CERT 4.8%

DOCS 25.8%

FY22

CERT 9.7%

DOCS 33.1%

FY23

CERT −11.5%

DOCS 29.9%

FY24

CERT −0.5%

DOCS 34.5%

FY25

CERT 5.0%

DOCS 39.9%

FY26

CERT —

DOCS 33.3%

CERT DOCS

Free cash flow

FY19

CERT $35.9M

DOCS —

FY20

CERT $44.0M

DOCS $25.9M

FY21

CERT $59.2M

DOCS $82.7M

FY22

CERT $91.1M

DOCS $125M

FY23

CERT $81.0M

DOCS $178M

FY24

CERT $78.8M

DOCS $184M

FY25

CERT $94.6M

DOCS $273M

FY26

CERT —

DOCS $326M

CERT DOCS

Return on capital

FY19

CERT —

DOCS —

FY20

CERT —

DOCS —

FY21

CERT 1.1%

DOCS —

FY22

CERT 2.2%

DOCS —

FY23

CERT −2.9%

DOCS 64.8%

FY24

CERT −0.1%

DOCS 88.4%

FY25

CERT 0.9%

DOCS 126.3%

FY26

CERT —

DOCS 91.3%

CERT DOCS

Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.