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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and DocGo Inc. (DCGO). Click either name above to swap in a different company.
DocGo Inc. is the larger business by last-quarter revenue ($74.9M vs $73.3M, roughly 1.0× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -190.0%, a 229.8% gap on every dollar of revenue. On growth, Apollo Commercial Real Estate Finance, Inc. posted the faster year-over-year revenue change (4.0% vs -38.0%). Over the past eight quarters, Apollo Commercial Real Estate Finance, Inc.'s revenue compounded faster (-4.6% CAGR vs -37.5%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
DocGo Inc. is a U.S.-headquartered mobile healthcare and on-demand medical service provider. It offers a range of solutions including in-home urgent care, diagnostic testing, telehealth consultations, and corporate wellness programs, serving individual patients, health systems, enterprise clients, and public sector organizations across North America.
ARI vs DCGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $74.9M |
| Net Profit | $29.2M | $-142.3M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -139.6% |
| Net Margin | 39.9% | -190.0% |
| Revenue YoY | 4.0% | -38.0% |
| Net Profit YoY | -28.2% | -1761.4% |
| EPS (diluted) | $0.19 | $-1.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $73.3M | $74.9M | ||
| Q3 25 | $61.6M | $70.8M | ||
| Q2 25 | $70.9M | $80.4M | ||
| Q1 25 | $65.8M | $96.0M | ||
| Q4 24 | $70.5M | $120.8M | ||
| Q3 24 | $71.6M | $138.7M | ||
| Q2 24 | $81.1M | $164.9M | ||
| Q1 24 | $80.5M | $192.1M |
| Q4 25 | $29.2M | $-142.3M | ||
| Q3 25 | $50.8M | $-27.8M | ||
| Q2 25 | $20.7M | $-11.2M | ||
| Q1 25 | $26.0M | $-9.4M | ||
| Q4 24 | $40.7M | $-7.6M | ||
| Q3 24 | $-91.5M | $5.5M | ||
| Q2 24 | $35.8M | $6.5M | ||
| Q1 24 | $-104.5M | $11.2M |
| Q4 25 | 39.7% | -139.6% | ||
| Q3 25 | 82.8% | -59.3% | ||
| Q2 25 | 29.4% | -21.7% | ||
| Q1 25 | 39.7% | -14.6% | ||
| Q4 24 | 57.9% | -6.2% | ||
| Q3 24 | -127.8% | 7.3% | ||
| Q2 24 | 44.2% | 6.2% | ||
| Q1 24 | -129.6% | 8.3% |
| Q4 25 | 39.9% | -190.0% | ||
| Q3 25 | 82.4% | -39.2% | ||
| Q2 25 | 29.3% | -13.9% | ||
| Q1 25 | 39.5% | -9.8% | ||
| Q4 24 | 57.7% | -6.3% | ||
| Q3 24 | -127.9% | 4.0% | ||
| Q2 24 | 44.1% | 4.0% | ||
| Q1 24 | -129.8% | 5.8% |
| Q4 25 | $0.19 | $-1.36 | ||
| Q3 25 | $0.34 | $-0.28 | ||
| Q2 25 | $0.12 | $-0.11 | ||
| Q1 25 | $0.16 | $-0.09 | ||
| Q4 24 | $0.25 | $-0.03 | ||
| Q3 24 | $-0.69 | $0.05 | ||
| Q2 24 | $0.23 | $0.06 | ||
| Q1 24 | $-0.76 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $51.0M |
| Total DebtLower is stronger | — | $235.6K |
| Stockholders' EquityBook value | $1.9B | $144.0M |
| Total Assets | $9.9B | $217.1M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $51.0M | ||
| Q3 25 | $245.9M | $73.4M | ||
| Q2 25 | $177.6M | $104.2M | ||
| Q1 25 | $166.4M | $79.0M | ||
| Q4 24 | $317.4M | $89.2M | ||
| Q3 24 | $194.3M | $89.5M | ||
| Q2 24 | $174.7M | $66.1M | ||
| Q1 24 | $161.2M | $41.2M |
| Q4 25 | — | $235.6K | ||
| Q3 25 | — | $249.9K | ||
| Q2 25 | — | $12.6K | ||
| Q1 25 | — | $15.1K | ||
| Q4 24 | — | $17.7K | ||
| Q3 24 | — | $47.7K | ||
| Q2 24 | — | $52.8K | ||
| Q1 24 | — | $60.1K |
| Q4 25 | $1.9B | $144.0M | ||
| Q3 25 | $1.9B | $270.5M | ||
| Q2 25 | $1.8B | $297.3M | ||
| Q1 25 | $1.9B | $309.3M | ||
| Q4 24 | $1.9B | $320.9M | ||
| Q3 24 | $1.9B | $325.2M | ||
| Q2 24 | $2.0B | $315.2M | ||
| Q1 24 | $2.0B | $311.3M |
| Q4 25 | $9.9B | $217.1M | ||
| Q3 25 | $9.5B | $353.8M | ||
| Q2 25 | $9.8B | $408.3M | ||
| Q1 25 | $8.8B | $430.8M | ||
| Q4 24 | $8.4B | $455.6M | ||
| Q3 24 | $9.1B | $493.9M | ||
| Q2 24 | $9.3B | $488.2M | ||
| Q1 24 | $9.2B | $490.7M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $-10.5M |
| Free Cash FlowOCF − Capex | — | $-12.0M |
| FCF MarginFCF / Revenue | — | -16.0% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $-10.5M | ||
| Q3 25 | $31.7M | $1.7M | ||
| Q2 25 | $63.2M | $33.6M | ||
| Q1 25 | $39.3M | $9.7M | ||
| Q4 24 | $200.3M | $12.7M | ||
| Q3 24 | $47.2M | $31.1M | ||
| Q2 24 | $50.2M | $36.9M | ||
| Q1 24 | $52.8M | $-10.6M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | — | $782.6K | ||
| Q2 25 | — | $32.9M | ||
| Q1 25 | — | $8.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $30.2M | ||
| Q2 24 | — | $35.9M | ||
| Q1 24 | — | $-11.6M |
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | -6.0% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 5.67× | ||
| Q2 24 | 1.40× | 5.65× | ||
| Q1 24 | — | -0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
