COMP <GO>

CCM vs DCGO // EV/EBITDA & P/E VALUATION

Concord Medical Services Holdings Limited (Each represents thirty (30) ) (Class A) (NYSE) VS. DocGo Inc. (NASDAQ) • 15-METRIC TALLY: CCM 3 — DCGO 3

■ METRIC PARITY

CCM — Concord Medical Services Holdings Limited (Each represents thirty (30) ) (Class A) ROARABLE E • RQD 22/100

LAST: $3.66 (-4.93%) • MKT CAP: $15.9M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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DCGO — DocGo Inc. ROARABLE D- • RQD 43/100

LAST: $0.27 (-2.43%) • MKT CAP: $27.0M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CCM VS. DCGO) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	CCM	DCGO	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	5.70%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	-35.00%	0.00	TIE	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	-57.60%	-55.30%	-2.30	DCGO	/operating-margins <GO>
Net Profit Margin	-20.40%	-60.00%	+39.60	CCM	/net-margins <GO>
Revenue Growth (YoY)	26.60%	-47.70%	+74.30	CCM	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.20	0.20	0.00	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	5/9	-3.00	DCGO	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	47.6	31.3	+16.33	CCM	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$15.9M	$27.0M	-$11.1M	DCGO	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	CCM REV	DCGO REV	CCM GROSS %	DCGO GROSS %	CCM FCF	DCGO FCF
FY 2025	$65.0M	$322.2M	5.7%	—	-$36.9M	$29.9M
FY 2024	$51.3M	$616.6M	-21.1%	—	-$75.1M	$66.5M
FY 2023	$73.3M	$624.3M	—	—	-$38.9M	-$64.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

CCM // BETA —

DCGO // BETA —