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Side-by-side financial comparison of BGSF, INC. (BGSF) and FONAR CORP (FONR). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $22.0M, roughly 1.2× BGSF, INC.). FONAR CORP runs the higher net margin — 8.0% vs -5.3%, a 13.3% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-227.0K). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs FONR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $25.5M |
| Net Profit | $-1.2M | $2.1M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 13.5% |
| Net Margin | -5.3% | 8.0% |
| Revenue YoY | -9.4% | 2.4% |
| Net Profit YoY | -18.2% | 4.7% |
| EPS (diluted) | $-0.12 | — |
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 | $22.0M | $25.5M | ||
| Q3 25 | $26.9M | $26.0M | ||
| Q2 25 | $23.5M | $27.3M | ||
| Q1 25 | $20.9M | $27.2M | ||
| Q4 24 | $24.3M | $24.9M | ||
| Q3 24 | $29.8M | $25.0M | ||
| Q2 24 | $25.7M | $25.9M | ||
| Q1 24 | $24.5M | $25.7M |
| Q4 25 | $-1.2M | $2.1M | ||
| Q3 25 | $-5.8M | $2.3M | ||
| Q2 25 | $-3.7M | $729.3K | ||
| Q1 25 | $-722.0K | $2.5M | ||
| Q4 24 | $-981.0K | $2.0M | ||
| Q3 24 | $-804.0K | $3.1M | ||
| Q2 24 | $-761.0K | $830.4K | ||
| Q1 24 | $-792.0K | $1.9M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | 13.5% | ||
| Q3 25 | -3.5% | 14.1% | ||
| Q2 25 | -18.8% | 5.3% | ||
| Q1 25 | 1.6% | 15.2% | ||
| Q4 24 | -15.7% | 11.9% | ||
| Q3 24 | -3.4% | 21.0% | ||
| Q2 24 | -5.7% | 7.4% | ||
| Q1 24 | 1.7% | 16.8% |
| Q4 25 | -5.3% | 8.0% | ||
| Q3 25 | -21.6% | 8.7% | ||
| Q2 25 | -15.9% | 2.7% | ||
| Q1 25 | -3.5% | 9.2% | ||
| Q4 24 | -4.0% | 7.9% | ||
| Q3 24 | -2.7% | 12.6% | ||
| Q2 24 | -3.0% | 3.2% | ||
| Q1 24 | -3.2% | 7.3% |
| Q4 25 | $-0.12 | — | ||
| Q3 25 | $-0.52 | — | ||
| Q2 25 | $-0.34 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.07 | — | ||
| 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 | — | $121.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $176.9M |
| Total Assets | $57.8M | $217.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $121.0K | ||
| Q3 25 | $41.2M | $122.0K | ||
| Q2 25 | $2.8M | $56.5M | ||
| Q1 25 | $2.0M | $123.0K | ||
| Q4 24 | $32.0K | $121.0K | ||
| Q3 24 | $262 | $136.0K | ||
| Q2 24 | $226 | $56.5M | ||
| Q1 24 | $50 | $134.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $66.9K | ||
| Q1 24 | — | — |
| Q4 25 | $48.1M | $176.9M | ||
| Q3 25 | $50.7M | $174.9M | ||
| Q2 25 | $78.3M | $172.6M | ||
| Q1 25 | $81.8M | $171.9M | ||
| Q4 24 | $82.3M | $169.8M | ||
| Q3 24 | $82.9M | $168.7M | ||
| Q2 24 | $83.2M | $166.0M | ||
| Q1 24 | $83.6M | $165.8M |
| Q4 25 | $57.8M | $217.2M | ||
| Q3 25 | $83.6M | $218.4M | ||
| Q2 25 | $149.7M | $216.9M | ||
| Q1 25 | $152.3M | $214.9M | ||
| Q4 24 | $150.1M | $208.0M | ||
| Q3 24 | $157.3K | $212.3M | ||
| Q2 24 | $159.8K | $214.2M | ||
| Q1 24 | $170.6K | $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 | $1.7M | $171.0K |
| Free Cash FlowOCF − Capex | $1.7M | $-227.0K |
| FCF MarginFCF / Revenue | 7.6% | -0.9% |
| Capex IntensityCapex / Revenue | 0.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 0.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $5.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $171.0K | ||
| Q3 25 | $-4.8M | $1.7M | ||
| Q2 25 | $2.2M | $4.2M | ||
| Q1 25 | $1.1M | $3.1M | ||
| Q4 24 | $3.2M | $2.2M | ||
| Q3 24 | $6.5M | $1.7M | ||
| Q2 24 | $7.3M | $4.6M | ||
| Q1 24 | $7.4M | $2.8M |
| Q4 25 | $1.7M | $-227.0K | ||
| Q3 25 | $-4.9M | $-177.0K | ||
| Q2 25 | $2.1M | $3.6M | ||
| Q1 25 | $1.0M | $2.6M | ||
| Q4 24 | $2.5M | $1.5M | ||
| Q3 24 | $6.5M | $-148.0K | ||
| Q2 24 | $7.3M | $4.2M | ||
| Q1 24 | $6.9M | $2.6M |
| Q4 25 | 7.6% | -0.9% | ||
| Q3 25 | -18.1% | -0.7% | ||
| Q2 25 | 9.1% | 13.1% | ||
| Q1 25 | 5.0% | 9.4% | ||
| Q4 24 | 10.2% | 6.0% | ||
| Q3 24 | 21.7% | -0.6% | ||
| Q2 24 | 28.5% | 16.1% | ||
| Q1 24 | 28.1% | 10.2% |
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 0.0% | 2.4% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 3.0% | 3.0% | ||
| Q3 24 | 0.0% | 7.2% | ||
| Q2 24 | 0.0% | 1.6% | ||
| Q1 24 | 2.0% | 0.7% |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | — | 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
