Doximity Inc (DOCS)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net income	US$ in thousands	147,582	112,818	154,783
Revenue	US$ in thousands	475,422	419,052	343,548
Net profit margin		31.04%	26.92%	45.05%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $147,582K ÷ $475,422K
= 31.04%

Net profit margin is a key financial ratio that indicates the profitability of a company by measuring the percentage of each dollar of revenue that translates into profit. For Doximity Inc, the net profit margin has exhibited some variation over the past three fiscal years.

In March 2024, Doximity Inc achieved a net profit margin of 31.04%, which represents a slight increase compared to the previous year's margin of 26.92% in March 2023. This improvement suggests that the company was able to effectively control its costs relative to its revenue, resulting in a higher percentage of profit generated from its operations.

However, when comparing the net profit margin of March 2024 to that of March 2022, where the margin was 45.05%, it is evident that there has been a decline in profitability over the two-year period. This decrease could be attributed to various factors such as changes in the company's cost structure, competitive pressures, or fluctuations in revenue streams.

Overall, while the net profit margin of Doximity Inc has fluctuated in recent years, it is important for stakeholders to monitor this ratio closely to assess the company's ability to generate profits from its core operations and sustain profitability over time.