Objective. This study compared the effectiveness of shock wave therapy (SWT) with ultrasound (US) therapy in the treatment of plantar fasciitis (PF). Study Design: Pre –Post experimental Study Design Design: A total of 45 patients with unilateral PF were randomly assigned to three study groups. All groups performed home exercises. In addition, the first study group received Four sessions of SWT treatment and the second study group received US treatment. Third Group (CG) received home physiotherapy exercises. The Foot Function Index (FFI) and the American Orthopedic Foot and Ankle Association (AOFAS) hind foot score were determined. Static and dynamic equilibrium were evaluated with the single leg standing test and the functional reach test.Patients were evaluated before and two weeks, after the first treatment. Results: According to the evaluation results, there was a decrease in FFI values in all groups and these decreases were more prominent in the SWT group than the other two groups (P < 0.05). It was observed that the hind foot AOFAS scores increased in both study groups, but this increase was less in the ultrasound group (P < 0.05). Static and dynamic balance increased in both study groups (P < 0.05). Conclusions: All group’s symptoms were decreased after treatment. However; FFI parameters were reduced more in the SWT group than the other two groups.