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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and FONAR CORP (FONR). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $25.5M, roughly 1.6× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -17.9%, a 26.0% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -23.2%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-10.8M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
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.
CMBM vs FONR — Head-to-Head
Income Statement — Q4 FY2024 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $25.5M |
| Net Profit | $-7.2M | $2.1M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | 13.5% |
| Net Margin | -17.9% | 8.0% |
| Revenue YoY | -23.2% | 2.4% |
| Net Profit YoY | 71.0% | 4.7% |
| EPS (diluted) | $-0.26 | — |
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 | — | $25.5M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $27.2M | ||
| Q4 24 | $40.3M | $24.9M | ||
| Q3 24 | $44.7M | $25.0M | ||
| Q2 24 | $45.2M | $25.9M | ||
| Q1 24 | $47.1M | $25.7M |
| Q4 25 | — | $2.1M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | — | $729.3K | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-7.2M | $2.0M | ||
| Q3 24 | $-34.5M | $3.1M | ||
| Q2 24 | $-14.2M | $830.4K | ||
| Q1 24 | $-18.4M | $1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | -28.4% | 11.9% | ||
| Q3 24 | -69.6% | 21.0% | ||
| Q2 24 | -27.2% | 7.4% | ||
| Q1 24 | -33.1% | 16.8% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | -17.9% | 7.9% | ||
| Q3 24 | -77.3% | 12.6% | ||
| Q2 24 | -31.5% | 3.2% | ||
| Q1 24 | -39.2% | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $-1.22 | — | ||
| Q2 24 | $-0.51 | — | ||
| Q1 24 | $-0.66 | — |
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 | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $176.9M |
| Total Assets | $173.7M | $217.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $121.0K | ||
| Q3 25 | — | $122.0K | ||
| Q2 25 | — | $56.5M | ||
| Q1 25 | — | $123.0K | ||
| Q4 24 | — | $121.0K | ||
| Q3 24 | — | $136.0K | ||
| Q2 24 | — | $56.5M | ||
| Q1 24 | — | $134.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | $66.9K | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $176.9M | ||
| Q3 25 | — | $174.9M | ||
| Q2 25 | — | $172.6M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | $-3.2M | $169.8M | ||
| Q3 24 | $1.9M | $168.7M | ||
| Q2 24 | $34.1M | $166.0M | ||
| Q1 24 | $45.0M | $165.8M |
| Q4 25 | — | $217.2M | ||
| Q3 25 | — | $218.4M | ||
| Q2 25 | — | $216.9M | ||
| Q1 25 | — | $214.9M | ||
| Q4 24 | $173.7M | $208.0M | ||
| Q3 24 | $194.3M | $212.3M | ||
| Q2 24 | $221.1M | $214.2M | ||
| Q1 24 | $219.8M | $209.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | 0.00× | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $171.0K |
| Free Cash FlowOCF − Capex | $-10.8M | $-227.0K |
| FCF MarginFCF / Revenue | -26.8% | -0.9% |
| Capex IntensityCapex / Revenue | 1.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 0.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $5.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $171.0K | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $4.2M | ||
| Q1 25 | — | $3.1M | ||
| Q4 24 | $-10.4M | $2.2M | ||
| Q3 24 | $8.9M | $1.7M | ||
| Q2 24 | $2.4M | $4.6M | ||
| Q1 24 | $-15.9M | $2.8M |
| Q4 25 | — | $-227.0K | ||
| Q3 25 | — | $-177.0K | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $2.6M | ||
| Q4 24 | $-10.8M | $1.5M | ||
| Q3 24 | $6.8M | $-148.0K | ||
| Q2 24 | $87.0K | $4.2M | ||
| Q1 24 | $-17.4M | $2.6M |
| Q4 25 | — | -0.9% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | -26.8% | 6.0% | ||
| Q3 24 | 15.2% | -0.6% | ||
| Q2 24 | 0.2% | 16.1% | ||
| Q1 24 | -37.0% | 10.2% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 1.1% | 3.0% | ||
| Q3 24 | 4.8% | 7.2% | ||
| Q2 24 | 5.1% | 1.6% | ||
| Q1 24 | 3.3% | 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
