Which has the lower trailing P/E, DOCS or MMSI?

DOCS has the lower trailing P/E: DOCS trades at 30.11 and MMSI at 37.00. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DOCS or MMSI?

Over the past five years, DOCS grew revenue faster — DOCS at a 21.94% CAGR versus MMSI at 8.90%.

Is DOCS or MMSI more profitable?

DOCS runs the higher net margin — DOCS at 25.48% versus MMSI at 9.22%.

How have DOCS and MMSI total returns compared?

Over the past 5 years, DOCS delivered -20.88% and MMSI delivered 14.28% annualized total return. Past performance doesn't predict future results.

Doximity, Inc. (DOCS) vs Merit Medical Systems, Inc. (MMSI)

A side-by-side comparison of Doximity, Inc. and Merit Medical Systems, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 27, 2026. Differences are shown without an overall score or investment verdict.

DOCS

Doximity, Inc.

$4.79B

$25.59HealthcareDelayed quote: Aug 27, 2026, 4:00 PM EDT

MMSI

Merit Medical Systems, Inc.

$5.35B

$89.54HealthcareDelayed quote: Aug 27, 2026, 4:00 PM EDT

Total return — DOCS vs MMSI

growth of $100 · dividends reinvested · last 5y

DOCS -51.7% (-13.6%/yr)MMSI +44.4% (+7.6%/yr)MMSI compounded faster over this window

DOCS MMSI

DOCS vs MMSI: by the numbers

•MMSI is the larger company ($5.35B vs $4.79B market cap).
•DOCS trades at the lower trailing earnings multiple (30.11 vs 37.00 P/E), one valuation lens rather than an overall verdict.
•DOCS converts more revenue to profit (25.48% vs 9.22% net margin).
•DOCS grew revenue faster over the past five years (21.94% vs 8.90% CAGR).

Metrics side by side

Valuation

Metric	DOCS	MMSI
P/E ratio	30.11	37.00
Forward P/E	16.55	20.81
P/S ratio	7.46	3.40
P/B ratio	5.34	3.20
EV / EBITDA	21.87	17.03
FCF yield	6.12%	3.79%

Profitability

Metric	DOCS	MMSI
Gross margin	88.07%	49.52%
Operating margin	29.60%	12.75%
Net margin	25.48%	9.22%
ROE	18.24%	8.67%
ROIC	15.35%	5.80%

Growth (annualized)

Metric	DOCS	MMSI
Revenue CAGR (5Y)	21.94%	8.90%
EPS CAGR (5Y)	54.32%	67.27%
FCF CAGR (5Y)	23.75%	8.96%
Total return CAGR (5Y)	-20.88%	4.55%

Frequently asked

Which has the lower trailing P/E, DOCS or MMSI?: DOCS has the lower trailing P/E: DOCS trades at 30.11 and MMSI at 37.00. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DOCS or MMSI?: Over the past five years, DOCS grew revenue faster — DOCS at a 21.94% CAGR versus MMSI at 8.90%.
Is DOCS or MMSI more profitable?: DOCS runs the higher net margin — DOCS at 25.48% versus MMSI at 9.22%.
How have DOCS and MMSI total returns compared?: Over the past 5 years, DOCS delivered -20.88% and MMSI delivered 14.28% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DOCS analysis Full MMSI analysis Interactive comparison tool

Dig into the metrics

Doximity P/E ratio Merit Medical Systems P/E ratio Doximity ROE Merit Medical Systems ROE Doximity operating margin Merit Medical Systems operating margin Doximity revenue growth Merit Medical Systems revenue growth Doximity free cash flow Merit Medical Systems free cash flow

Doximity & Merit Medical Systems appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 27, 2026.