vs
DocGo Inc.（DCGO）与U S PHYSICAL THERAPY INC（USPH）财务数据对比。点击上方公司名可切换其他公司
U S PHYSICAL THERAPY INC的季度营收约是DocGo Inc.的2.7倍（$202.7M vs $74.9M）。U S PHYSICAL THERAPY INC净利率更高（2.0% vs -190.0%，领先192.0%）。U S PHYSICAL THERAPY INC同比增速更快（12.3% vs -38.0%）。U S PHYSICAL THERAPY INC自由现金流更多（$21.0M vs $-12.0M）。过去两年U S PHYSICAL THERAPY INC的营收复合增速更高（14.1% vs -37.5%）
DocGo Inc.是总部位于美国的移动医疗及按需医疗服务提供商，业务覆盖上门急诊、检测诊断、远程问诊、企业健康管理等领域，服务对象涵盖个人患者、医疗机构、企业客户及公共部门，主要市场为北美地区。
该企业是美国领先的门诊康复服务提供商，运营数百间线下物理治疗门诊，为受伤、术后、慢性疼痛及行动障碍人群提供康复护理，同时覆盖运动医学、职业治疗、儿童康复等特色服务领域。
DCGO vs USPH — 直观对比
营收规模更大
USPH
是对方的2.7倍
$74.9M
营收增速更快
USPH
高出50.3%
-38.0%
净利率更高
USPH
高出192.0%
-190.0%
自由现金流更多
USPH
多$33.0M
$-12.0M
两年增速更快
USPH
近两年复合增速
-37.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $74.9M | $202.7M |
| 净利润 | $-142.3M | $4.2M |
| 毛利率 | — | 19.8% |
| 营业利润率 | -139.6% | 8.3% |
| 净利率 | -190.0% | 2.0% |
| 营收同比 | -38.0% | 12.3% |
| 净利润同比 | -1761.4% | -55.1% |
| 每股收益（稀释后） | $-1.36 | $-0.44 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DCGOUSPH
| Q4 25 | $74.9M | $202.7M | ||
| Q3 25 | $70.8M | $197.1M | ||
| Q2 25 | $80.4M | $197.3M | ||
| Q1 25 | $96.0M | $183.8M | ||
| Q4 24 | $120.8M | $180.4M | ||
| Q3 24 | $138.7M | $168.0M | ||
| Q2 24 | $164.9M | $167.2M | ||
| Q1 24 | $192.1M | $155.7M |
净利润DCGOUSPH
| Q4 25 | $-142.3M | $4.2M | ||
| Q3 25 | $-27.8M | $13.1M | ||
| Q2 25 | $-11.2M | $12.4M | ||
| Q1 25 | $-9.4M | $9.9M | ||
| Q4 24 | $-7.6M | $9.2M | ||
| Q3 24 | $5.5M | $6.6M | ||
| Q2 24 | $6.5M | $7.5M | ||
| Q1 24 | $11.2M | $8.0M |
毛利率DCGOUSPH
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | — | 18.2% |
营业利润率DCGOUSPH
| Q4 25 | -139.6% | 8.3% | ||
| Q3 25 | -59.3% | 12.8% | ||
| Q2 25 | -21.7% | 12.6% | ||
| Q1 25 | -14.6% | 10.7% | ||
| Q4 24 | -6.2% | 10.9% | ||
| Q3 24 | 7.3% | 7.6% | ||
| Q2 24 | 6.2% | 9.3% | ||
| Q1 24 | 8.3% | 9.6% |
净利率DCGOUSPH
| Q4 25 | -190.0% | 2.0% | ||
| Q3 25 | -39.2% | 6.7% | ||
| Q2 25 | -13.9% | 6.3% | ||
| Q1 25 | -9.8% | 5.4% | ||
| Q4 24 | -6.3% | 5.1% | ||
| Q3 24 | 4.0% | 3.9% | ||
| Q2 24 | 4.0% | 4.5% | ||
| Q1 24 | 5.8% | 5.2% |
每股收益（稀释后）DCGOUSPH
| Q4 25 | $-1.36 | $-0.44 | ||
| Q3 25 | $-0.28 | $0.48 | ||
| Q2 25 | $-0.11 | $0.58 | ||
| Q1 25 | $-0.09 | $0.80 | ||
| Q4 24 | $-0.03 | $0.52 | ||
| Q3 24 | $0.05 | $0.39 | ||
| Q2 24 | $0.06 | $0.47 | ||
| Q1 24 | $0.10 | $0.46 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $51.0M | $35.6M |
| 总债务越低越好 | $235.6K | — |
| 股东权益账面价值 | $144.0M | $476.4M |
| 总资产 | $217.1M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资DCGOUSPH
| Q4 25 | $51.0M | $35.6M | ||
| Q3 25 | $73.4M | $31.1M | ||
| Q2 25 | $104.2M | $34.1M | ||
| Q1 25 | $79.0M | $39.2M | ||
| Q4 24 | $89.2M | $41.4M | ||
| Q3 24 | $89.5M | $117.0M | ||
| Q2 24 | $66.1M | $112.9M | ||
| Q1 24 | $41.2M | $132.3M |
总债务DCGOUSPH
| 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 | — |
股东权益DCGOUSPH
| Q4 25 | $144.0M | $476.4M | ||
| Q3 25 | $270.5M | $503.6M | ||
| Q2 25 | $297.3M | $500.8M | ||
| Q1 25 | $309.3M | $497.3M | ||
| Q4 24 | $320.9M | $488.9M | ||
| Q3 24 | $325.2M | $482.8M | ||
| Q2 24 | $315.2M | $484.6M | ||
| Q1 24 | $311.3M | $479.8M |
总资产DCGOUSPH
| Q4 25 | $217.1M | $1.2B | ||
| Q3 25 | $353.8M | $1.2B | ||
| Q2 25 | $408.3M | $1.2B | ||
| Q1 25 | $430.8M | $1.2B | ||
| Q4 24 | $455.6M | $1.2B | ||
| Q3 24 | $493.9M | $1.0B | ||
| Q2 24 | $488.2M | $1.0B | ||
| Q1 24 | $490.7M | $1.0B |
负债/权益比DCGOUSPH
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-10.5M | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $-12.0M | $21.0M |
| 自由现金流率自由现金流/营收 | -16.0% | 10.4% |
| 资本支出强度资本支出/营收 | 2.0% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 6.00× |
| 过去12个月自由现金流最近4个季度 | $29.9M | $61.0M |
8季度趋势，按日历期对齐
经营现金流DCGOUSPH
| Q4 25 | $-10.5M | $24.9M | ||
| Q3 25 | $1.7M | $19.9M | ||
| Q2 25 | $33.6M | $34.9M | ||
| Q1 25 | $9.7M | $-4.7M | ||
| Q4 24 | $12.7M | $19.4M | ||
| Q3 24 | $31.1M | $22.1M | ||
| Q2 24 | $36.9M | $29.0M | ||
| Q1 24 | $-10.6M | $4.4M |
自由现金流DCGOUSPH
| Q4 25 | $-12.0M | $21.0M | ||
| Q3 25 | $782.6K | $15.6M | ||
| Q2 25 | $32.9M | $31.6M | ||
| Q1 25 | $8.2M | $-7.3M | ||
| Q4 24 | $12.0M | $16.9M | ||
| Q3 24 | $30.2M | $19.6M | ||
| Q2 24 | $35.9M | $26.7M | ||
| Q1 24 | $-11.6M | $2.6M |
自由现金流率DCGOUSPH
| Q4 25 | -16.0% | 10.4% | ||
| Q3 25 | 1.1% | 7.9% | ||
| Q2 25 | 40.9% | 16.0% | ||
| Q1 25 | 8.5% | -3.9% | ||
| Q4 24 | 9.9% | 9.4% | ||
| Q3 24 | 21.8% | 11.7% | ||
| Q2 24 | 21.7% | 15.9% | ||
| Q1 24 | -6.0% | 1.7% |
资本支出强度DCGOUSPH
| Q4 25 | 2.0% | 1.9% | ||
| Q3 25 | 1.2% | 2.2% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 1.5% | 1.4% | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 0.5% | 1.2% |
现金转化率DCGOUSPH
| Q4 25 | — | 6.00× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 2.81× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | 5.67× | 3.34× | ||
| Q2 24 | 5.65× | 3.86× | ||
| Q1 24 | -0.95× | 0.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DCGO
| Transportation Services Segment | $50.2M | 67% |
| Mobile Health Services Segment | $24.8M | 33% |
USPH
| Net Patient Revenues | $169.7M | 84% |
| Industrial Injury Prevention Services Revenues | $28.9M | 14% |
| Management Contract Revenues | $2.3M | 1% |
