Filing Flows › Comparisons › USPH vs DCGO
U S Physical Therapy vs DocGo: USPH and DCGO compared
U S Physical Therapy is the larger company: $223M of revenue in its latest quarter (Q3 2026) against $73.4M for DocGo (Q2 2026). U S Physical Therapy is growing faster (+13% against -9% a year earlier). U S Physical Therapy is more profitable, with an operating margin of 11.3% against -24.4%.
Where the money goes: USPH and DCGO
U S Physical Therapy (USPH) · Q3 2026
U S Physical Therapy, Q3 2026: revenue $223M (+13% year over year), operating margin 11.3%, net earnings $11.0M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
DocGo (DCGO) · Q2 2026
DocGo, Q2 2026: revenue $73.4M (-9% year over year), operating margin -24.4%, net loss $18.0M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| U S Physical Therapy (USPH) | DocGo (DCGO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $223M | $73.4M |
| Revenue growth, Y/Y | +13% | -9% |
| Gross margin | 19.3% | — |
| Operating margin | 11.3% | -24.4% |
| Net earnings | $11.0M | −$18.0M |
| Net margin | 5.0% | -24.5% |
| Operating cash flow | $25.7M | −$9.2M |
| Free cash flow | $20.7M | — |
| Market value | $1.3B | — |
| P/E | 40.4× | — |
| Analysts’ mean target | $97.83 | — |
Where the revenue comes from
U S Physical Therapy
- Net Patient Revenue: $161M (72%)
- Other Revenue: $36.4M (16%)
- Hospital Affiliation Revenue: $25.0M (11%)
DocGo
- Transportation Services: $52.0M (71%)
- Mobile Health Services: $21.4M (29%)
Questions
Which is bigger, U S Physical Therapy or DocGo?
U S Physical Therapy is the larger company: $223M of revenue in its latest quarter (Q3 2026) against $73.4M for DocGo (Q2 2026).
Is U S Physical Therapy or DocGo growing faster?
U S Physical Therapy is growing faster (+13% against -9% a year earlier).
Which is more profitable, U S Physical Therapy or DocGo?
U S Physical Therapy is more profitable, with an operating margin of 11.3% against -24.4%.
More: U S Physical Therapy earnings · how U S Physical Therapy makes money · DocGo earnings · how DocGo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 17, 2026). Fiscal quarters can end on different dates. Not investment advice.