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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and FONAR CORP (FONR). Click either name above to swap in a different company.
Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $25.5M, roughly 2.0× FONAR CORP). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs 8.0%, a 412.2% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs 2.4%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -0.3%).
Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.
FONAR Corp is a specialized medical technology firm that designs, manufactures, and distributes innovative MRI systems including upright and open models. It primarily serves U.S. hospitals, diagnostic imaging centers, and healthcare providers, delivering high-precision scanning solutions for clinical diagnostic use.
ARR vs FONR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.4M | $25.5M |
| Net Profit | $211.7M | $2.1M |
| Gross Margin | — | — |
| Operating Margin | — | 13.5% |
| Net Margin | 420.2% | 8.0% |
| Revenue YoY | 297.9% | 2.4% |
| Net Profit YoY | 555.9% | 4.7% |
| EPS (diluted) | $2.43 | — |
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.
| Q4 25 | $50.4M | $25.5M | ||
| Q3 25 | $38.5M | $26.0M | ||
| Q2 25 | $33.1M | $27.3M | ||
| Q1 25 | $36.3M | $27.2M | ||
| Q4 24 | $12.7M | $24.9M | ||
| Q3 24 | — | $25.0M | ||
| Q2 24 | $7.0M | $25.9M | ||
| Q1 24 | — | $25.7M |
| Q4 25 | $211.7M | $2.1M | ||
| Q3 25 | $159.3M | $2.3M | ||
| Q2 25 | $-75.6M | $729.3K | ||
| Q1 25 | $27.3M | $2.5M | ||
| Q4 24 | $-46.4M | $2.0M | ||
| Q3 24 | — | $3.1M | ||
| Q2 24 | $-48.4M | $830.4K | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | 420.2% | 8.0% | ||
| Q3 25 | 413.5% | 8.7% | ||
| Q2 25 | -228.4% | 2.7% | ||
| Q1 25 | 75.2% | 9.2% | ||
| Q4 24 | -366.8% | 7.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | -693.8% | 3.2% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | $2.43 | — | ||
| Q3 25 | $1.49 | — | ||
| Q2 25 | $-0.94 | — | ||
| Q1 25 | $0.32 | — | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-1.05 | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $63.3M | $121.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $176.9M |
| Total Assets | $21.0B | $217.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.3M | $121.0K | ||
| Q3 25 | $44.2M | $122.0K | ||
| Q2 25 | $141.2M | $56.5M | ||
| Q1 25 | $49.1M | $123.0K | ||
| Q4 24 | $68.0M | $121.0K | ||
| Q3 24 | — | $136.0K | ||
| Q2 24 | $126.6M | $56.5M | ||
| Q1 24 | — | $134.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $66.9K | ||
| Q1 24 | — | — |
| Q4 25 | $2.3B | $176.9M | ||
| Q3 25 | $2.1B | $174.9M | ||
| Q2 25 | $1.7B | $172.6M | ||
| Q1 25 | $1.7B | $171.9M | ||
| Q4 24 | $1.4B | $169.8M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | $1.2B | $166.0M | ||
| Q1 24 | — | $165.8M |
| Q4 25 | $21.0B | $217.2M | ||
| Q3 25 | $19.4B | $218.4M | ||
| Q2 25 | $16.2B | $216.9M | ||
| Q1 25 | $15.5B | $214.9M | ||
| Q4 24 | $13.5B | $208.0M | ||
| Q3 24 | — | $212.3M | ||
| Q2 24 | $10.1B | $214.2M | ||
| Q1 24 | — | $209.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $124.2M | $171.0K |
| Free Cash FlowOCF − Capex | — | $-227.0K |
| FCF MarginFCF / Revenue | — | -0.9% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 0.59× | 0.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.2M | $171.0K | ||
| Q3 25 | $-37.8M | $1.7M | ||
| Q2 25 | $25.0M | $4.2M | ||
| Q1 25 | $101.5M | $3.1M | ||
| Q4 24 | $261.5M | $2.2M | ||
| Q3 24 | — | $1.7M | ||
| Q2 24 | $27.1M | $4.6M | ||
| Q1 24 | — | $2.8M |
| Q4 25 | — | $-227.0K | ||
| Q3 25 | — | $-177.0K | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $-148.0K | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | -0.9% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.2% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 0.59× | 0.08× | ||
| Q3 25 | -0.24× | 0.75× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | 3.71× | 1.26× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 5.54× | ||
| Q1 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARR
Segment breakdown not available.
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
