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Side-by-side financial comparison of DocGo Inc. (DCGO) and FS Bancorp, Inc. (FSBW). Click either name above to swap in a different company.

DocGo Inc. is the larger business by last-quarter revenue ($74.9M vs $40.0M, roughly 1.9× FS Bancorp, Inc.). On growth, FS Bancorp, Inc. posted the faster year-over-year revenue change (12.0% vs -38.0%). FS Bancorp, Inc. produced more free cash flow last quarter ($51.9M vs $-12.0M). Over the past eight quarters, FS Bancorp, Inc.'s revenue compounded faster (6.2% CAGR vs -37.5%).

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.

FS Bancorp, Inc. is a U.S.-headquartered bank holding company that serves as the parent of 1st Security Bank of Washington. It offers a full range of personal and commercial banking solutions including deposit products, mortgage loans, small business financing and construction loans, primarily catering to customers in the Pacific Northwest, with core segments covering retail banking, commercial banking and residential lending.

DCGO vs FSBW — Head-to-Head

Bigger by revenue
DCGO
DCGO
1.9× larger
DCGO
$74.9M
$40.0M
FSBW
Growing faster (revenue YoY)
FSBW
FSBW
+50.0% gap
FSBW
12.0%
-38.0%
DCGO
More free cash flow
FSBW
FSBW
$63.9M more FCF
FSBW
$51.9M
$-12.0M
DCGO
Faster 2-yr revenue CAGR
FSBW
FSBW
Annualised
FSBW
6.2%
-37.5%
DCGO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DCGO
DCGO
FSBW
FSBW
Revenue
$74.9M
$40.0M
Net Profit
$-142.3M
Gross Margin
Operating Margin
-139.6%
25.8%
Net Margin
-190.0%
Revenue YoY
-38.0%
12.0%
Net Profit YoY
-1761.4%
EPS (diluted)
$-1.36
$1.11

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.

Revenue
DCGO
DCGO
FSBW
FSBW
Q4 25
$74.9M
$40.0M
Q3 25
$70.8M
$39.3M
Q2 25
$80.4M
$37.3M
Q1 25
$96.0M
$36.1M
Q4 24
$120.8M
$35.7M
Q3 24
$138.7M
$37.2M
Q2 24
$164.9M
$36.3M
Q1 24
$192.1M
$35.5M
Net Profit
DCGO
DCGO
FSBW
FSBW
Q4 25
$-142.3M
Q3 25
$-27.8M
$9.2M
Q2 25
$-11.2M
$7.7M
Q1 25
$-9.4M
$8.0M
Q4 24
$-7.6M
Q3 24
$5.5M
$10.3M
Q2 24
$6.5M
$9.0M
Q1 24
$11.2M
$8.4M
Operating Margin
DCGO
DCGO
FSBW
FSBW
Q4 25
-139.6%
25.8%
Q3 25
-59.3%
29.5%
Q2 25
-21.7%
26.2%
Q1 25
-14.6%
26.2%
Q4 24
-6.2%
27.6%
Q3 24
7.3%
26.5%
Q2 24
6.2%
31.3%
Q1 24
8.3%
29.7%
Net Margin
DCGO
DCGO
FSBW
FSBW
Q4 25
-190.0%
Q3 25
-39.2%
23.4%
Q2 25
-13.9%
20.7%
Q1 25
-9.8%
22.2%
Q4 24
-6.3%
Q3 24
4.0%
27.6%
Q2 24
4.0%
24.7%
Q1 24
5.8%
23.7%
EPS (diluted)
DCGO
DCGO
FSBW
FSBW
Q4 25
$-1.36
$1.11
Q3 25
$-0.28
$1.18
Q2 25
$-0.11
$0.99
Q1 25
$-0.09
$1.01
Q4 24
$-0.03
$0.88
Q3 24
$0.05
$1.29
Q2 24
$0.06
$1.13
Q1 24
$0.10
$1.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DCGO
DCGO
FSBW
FSBW
Cash + ST InvestmentsLiquidity on hand
$51.0M
$28.2M
Total DebtLower is stronger
$235.6K
Stockholders' EquityBook value
$144.0M
$307.7M
Total Assets
$217.1M
$3.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DCGO
DCGO
FSBW
FSBW
Q4 25
$51.0M
$28.2M
Q3 25
$73.4M
$61.3M
Q2 25
$104.2M
$33.2M
Q1 25
$79.0M
$62.7M
Q4 24
$89.2M
$31.6M
Q3 24
$89.5M
$40.3M
Q2 24
$66.1M
$33.0M
Q1 24
$41.2M
$45.4M
Total Debt
DCGO
DCGO
FSBW
FSBW
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
Stockholders' Equity
DCGO
DCGO
FSBW
FSBW
Q4 25
$144.0M
$307.7M
Q3 25
$270.5M
$300.5M
Q2 25
$297.3M
$297.2M
Q1 25
$309.3M
$298.8M
Q4 24
$320.9M
$295.8M
Q3 24
$325.2M
$288.9M
Q2 24
$315.2M
$284.0M
Q1 24
$311.3M
$277.9M
Total Assets
DCGO
DCGO
FSBW
FSBW
Q4 25
$217.1M
$3.2B
Q3 25
$353.8M
$3.2B
Q2 25
$408.3M
$3.2B
Q1 25
$430.8M
$3.1B
Q4 24
$455.6M
$3.0B
Q3 24
$493.9M
$3.0B
Q2 24
$488.2M
$2.9B
Q1 24
$490.7M
$3.0B
Debt / Equity
DCGO
DCGO
FSBW
FSBW
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
DCGO
DCGO
FSBW
FSBW
Operating Cash FlowLast quarter
$-10.5M
$72.3M
Free Cash FlowOCF − Capex
$-12.0M
$51.9M
FCF MarginFCF / Revenue
-16.0%
129.8%
Capex IntensityCapex / Revenue
2.0%
50.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.9M
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DCGO
DCGO
FSBW
FSBW
Q4 25
$-10.5M
$72.3M
Q3 25
$1.7M
$44.6M
Q2 25
$33.6M
$7.1M
Q1 25
$9.7M
$8.2M
Q4 24
$12.7M
$50.8M
Q3 24
$31.1M
$-891.0K
Q2 24
$36.9M
$9.9M
Q1 24
$-10.6M
$275.0K
Free Cash Flow
DCGO
DCGO
FSBW
FSBW
Q4 25
$-12.0M
$51.9M
Q3 25
$782.6K
$41.6M
Q2 25
$32.9M
$5.9M
Q1 25
$8.2M
$7.8M
Q4 24
$12.0M
$49.2M
Q3 24
$30.2M
$-1.5M
Q2 24
$35.9M
$9.6M
Q1 24
$-11.6M
$-82.0K
FCF Margin
DCGO
DCGO
FSBW
FSBW
Q4 25
-16.0%
129.8%
Q3 25
1.1%
105.9%
Q2 25
40.9%
15.7%
Q1 25
8.5%
21.7%
Q4 24
9.9%
137.7%
Q3 24
21.8%
-4.1%
Q2 24
21.7%
26.6%
Q1 24
-6.0%
-0.2%
Capex Intensity
DCGO
DCGO
FSBW
FSBW
Q4 25
2.0%
50.9%
Q3 25
1.2%
7.7%
Q2 25
0.9%
3.5%
Q1 25
1.5%
1.0%
Q4 24
0.6%
4.6%
Q3 24
0.7%
1.7%
Q2 24
0.6%
0.8%
Q1 24
0.5%
1.0%
Cash Conversion
DCGO
DCGO
FSBW
FSBW
Q4 25
Q3 25
4.86×
Q2 25
0.92×
Q1 25
1.02×
Q4 24
Q3 24
5.67×
-0.09×
Q2 24
5.65×
1.11×
Q1 24
-0.95×
0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DCGO
DCGO

Transportation Services Segment$50.2M67%
Mobile Health Services Segment$24.8M33%

FSBW
FSBW

Segment breakdown not available.

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