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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) 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 $18.9M, roughly 1.4× Bluerock Homes Trust, Inc.). FONAR CORP runs the higher net margin — 8.0% vs -50.1%, a 58.2% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs 2.4%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $-227.0K). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs -0.3%).

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

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.

BHM vs FONR — Head-to-Head

Bigger by revenue
FONR
FONR
1.4× larger
FONR
$25.5M
$18.9M
BHM
Growing faster (revenue YoY)
BHM
BHM
+33.5% gap
BHM
35.9%
2.4%
FONR
Higher net margin
FONR
FONR
58.2% more per $
FONR
8.0%
-50.1%
BHM
More free cash flow
BHM
BHM
$10.6M more FCF
BHM
$10.4M
$-227.0K
FONR
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
-0.3%
FONR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BHM
BHM
FONR
FONR
Revenue
$18.9M
$25.5M
Net Profit
$-9.5M
$2.1M
Gross Margin
Operating Margin
-48.8%
13.5%
Net Margin
-50.1%
8.0%
Revenue YoY
35.9%
2.4%
Net Profit YoY
-29.9%
4.7%
EPS (diluted)
$-0.75

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.

Revenue
BHM
BHM
FONR
FONR
Q4 25
$18.9M
$25.5M
Q3 25
$16.6M
$26.0M
Q2 25
$16.8M
$27.3M
Q1 25
$16.4M
$27.2M
Q4 24
$13.9M
$24.9M
Q3 24
$12.7M
$25.0M
Q2 24
$12.5M
$25.9M
Q1 24
$11.2M
$25.7M
Net Profit
BHM
BHM
FONR
FONR
Q4 25
$-9.5M
$2.1M
Q3 25
$-10.0M
$2.3M
Q2 25
$-5.8M
$729.3K
Q1 25
$-7.3M
$2.5M
Q4 24
$-7.3M
$2.0M
Q3 24
$3.5M
$3.1M
Q2 24
$-5.2M
$830.4K
Q1 24
$-3.2M
$1.9M
Operating Margin
BHM
BHM
FONR
FONR
Q4 25
-48.8%
13.5%
Q3 25
-57.6%
14.1%
Q2 25
-30.9%
5.3%
Q1 25
-42.6%
15.2%
Q4 24
-52.8%
11.9%
Q3 24
27.9%
21.0%
Q2 24
-41.3%
7.4%
Q1 24
-28.4%
16.8%
Net Margin
BHM
BHM
FONR
FONR
Q4 25
-50.1%
8.0%
Q3 25
-60.0%
8.7%
Q2 25
-34.7%
2.7%
Q1 25
-44.7%
9.2%
Q4 24
-52.8%
7.9%
Q3 24
27.9%
12.6%
Q2 24
-41.3%
3.2%
Q1 24
-28.4%
7.3%
EPS (diluted)
BHM
BHM
FONR
FONR
Q4 25
$-0.75
Q3 25
$-0.94
Q2 25
$-0.66
Q1 25
$-0.67
Q4 24
$-0.65
Q3 24
$0.24
Q2 24
$-0.42
Q1 24
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHM
BHM
FONR
FONR
Cash + ST InvestmentsLiquidity on hand
$169.6M
$121.0K
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$128.7M
$176.9M
Total Assets
$1.2B
$217.2M
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
FONR
FONR
Q4 25
$169.6M
$121.0K
Q3 25
$2.1M
$122.0K
Q2 25
$4.2M
$56.5M
Q1 25
$3.0M
$123.0K
Q4 24
$115.2M
$121.0K
Q3 24
$155.1M
$136.0K
Q2 24
$116.0M
$56.5M
Q1 24
$92.3M
$134.0K
Total Debt
BHM
BHM
FONR
FONR
Q4 25
$428.4M
Q3 25
$415.9M
Q2 25
$338.6M
Q1 25
$336.5M
Q4 24
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
$66.9K
Q1 24
$120.2M
Stockholders' Equity
BHM
BHM
FONR
FONR
Q4 25
$128.7M
$176.9M
Q3 25
$131.7M
$174.9M
Q2 25
$135.3M
$172.6M
Q1 25
$137.1M
$171.9M
Q4 24
$139.1M
$169.8M
Q3 24
$142.9M
$168.7M
Q2 24
$142.5M
$166.0M
Q1 24
$144.5M
$165.8M
Total Assets
BHM
BHM
FONR
FONR
Q4 25
$1.2B
$217.2M
Q3 25
$222.1M
$218.4M
Q2 25
$220.3M
$216.9M
Q1 25
$186.2M
$214.9M
Q4 24
$967.0M
$208.0M
Q3 24
$800.8M
$212.3M
Q2 24
$756.2M
$214.2M
Q1 24
$727.4M
$209.6M
Debt / Equity
BHM
BHM
FONR
FONR
Q4 25
3.33×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
2.69×
Q3 24
0.86×
Q2 24
0.84×
0.00×
Q1 24
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHM
BHM
FONR
FONR
Operating Cash FlowLast quarter
$27.8M
$171.0K
Free Cash FlowOCF − Capex
$10.4M
$-227.0K
FCF MarginFCF / Revenue
55.0%
-0.9%
Capex IntensityCapex / Revenue
91.8%
1.6%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$25.0M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
FONR
FONR
Q4 25
$27.8M
$171.0K
Q3 25
$13.4M
$1.7M
Q2 25
$13.9M
$4.2M
Q1 25
$951.0K
$3.1M
Q4 24
$9.1M
$2.2M
Q3 24
$1.7M
$1.7M
Q2 24
$1.3M
$4.6M
Q1 24
$1.1M
$2.8M
Free Cash Flow
BHM
BHM
FONR
FONR
Q4 25
$10.4M
$-227.0K
Q3 25
$8.7M
$-177.0K
Q2 25
$8.8M
$3.6M
Q1 25
$-2.9M
$2.6M
Q4 24
$-253.0K
$1.5M
Q3 24
$-601.0K
$-148.0K
Q2 24
$-654.0K
$4.2M
Q1 24
$-630.0K
$2.6M
FCF Margin
BHM
BHM
FONR
FONR
Q4 25
55.0%
-0.9%
Q3 25
52.4%
-0.7%
Q2 25
52.2%
13.1%
Q1 25
-17.6%
9.4%
Q4 24
-1.8%
6.0%
Q3 24
-4.7%
-0.6%
Q2 24
-5.2%
16.1%
Q1 24
-5.6%
10.2%
Capex Intensity
BHM
BHM
FONR
FONR
Q4 25
91.8%
1.6%
Q3 25
28.5%
7.2%
Q2 25
30.3%
2.4%
Q1 25
23.4%
2.2%
Q4 24
66.9%
3.0%
Q3 24
18.0%
7.2%
Q2 24
15.3%
1.6%
Q1 24
15.5%
0.7%
Cash Conversion
BHM
BHM
FONR
FONR
Q4 25
0.08×
Q3 25
0.75×
Q2 25
5.79×
Q1 25
1.26×
Q4 24
1.14×
Q3 24
0.47×
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

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

FONR
FONR

Managementof Diagnostic Imaging Centers$23.2M91%
Manufacturingand Servicingof Medical Equipment$2.4M9%

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