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Side-by-side financial comparison of First Foundation Inc. (FFWM) and FONAR CORP (FONR). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $25.5M, roughly 1.9× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -97.9%, a 105.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 2.4%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-35.2M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs FONR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $25.5M |
| Net Profit | $-8.0M | $2.1M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | 13.5% |
| Net Margin | -97.9% | 8.0% |
| Revenue YoY | 421.7% | 2.4% |
| Net Profit YoY | 43.0% | 4.7% |
| EPS (diluted) | $-0.09 | — |
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 | $48.4M | $25.5M | ||
| Q3 25 | $63.6M | $26.0M | ||
| Q2 25 | $51.4M | $27.3M | ||
| Q1 25 | $71.4M | $27.2M | ||
| Q4 24 | $9.3M | $24.9M | ||
| Q3 24 | $9.2M | $25.0M | ||
| Q2 24 | $57.5M | $25.9M | ||
| Q1 24 | $51.1M | $25.7M |
| Q4 25 | $-8.0M | $2.1M | ||
| Q3 25 | $-146.3M | $2.3M | ||
| Q2 25 | $-7.7M | $729.3K | ||
| Q1 25 | $6.9M | $2.5M | ||
| Q4 24 | $-14.1M | $2.0M | ||
| Q3 24 | $-82.2M | $3.1M | ||
| Q2 24 | $3.1M | $830.4K | ||
| Q1 24 | $793.0K | $1.9M |
| Q4 25 | -97.5% | 13.5% | ||
| Q3 25 | -92.7% | 14.1% | ||
| Q2 25 | -21.1% | 5.3% | ||
| Q1 25 | 8.8% | 15.2% | ||
| Q4 24 | -247.7% | 11.9% | ||
| Q3 24 | -1276.7% | 21.0% | ||
| Q2 24 | 4.6% | 7.4% | ||
| Q1 24 | -0.2% | 16.8% |
| Q4 25 | -97.9% | 8.0% | ||
| Q3 25 | -230.1% | 8.7% | ||
| Q2 25 | -15.0% | 2.7% | ||
| Q1 25 | 9.7% | 9.2% | ||
| Q4 24 | -152.2% | 7.9% | ||
| Q3 24 | -896.9% | 12.6% | ||
| Q2 24 | 5.4% | 3.2% | ||
| Q1 24 | 1.6% | 7.3% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-1.78 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $-0.24 | — | ||
| Q3 24 | $-1.23 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $121.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $176.9M |
| Total Assets | $11.9B | $217.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $121.0K | ||
| Q3 25 | $1.7B | $122.0K | ||
| Q2 25 | $1.1B | $56.5M | ||
| Q1 25 | $1.0B | $123.0K | ||
| Q4 24 | $1.0B | $121.0K | ||
| Q3 24 | $1.1B | $136.0K | ||
| Q2 24 | $1.4B | $56.5M | ||
| Q1 24 | $1.6B | $134.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $66.9K | ||
| Q1 24 | — | — |
| Q4 25 | $912.6M | $176.9M | ||
| Q3 25 | $917.9M | $174.9M | ||
| Q2 25 | $1.1B | $172.6M | ||
| Q1 25 | $1.1B | $171.9M | ||
| Q4 24 | $1.1B | $169.8M | ||
| Q3 24 | $1.1B | $168.7M | ||
| Q2 24 | $933.2M | $166.0M | ||
| Q1 24 | $928.7M | $165.8M |
| Q4 25 | $11.9B | $217.2M | ||
| Q3 25 | $11.9B | $218.4M | ||
| Q2 25 | $11.6B | $216.9M | ||
| Q1 25 | $12.6B | $214.9M | ||
| Q4 24 | $12.6B | $208.0M | ||
| Q3 24 | $13.4B | $212.3M | ||
| Q2 24 | $13.7B | $214.2M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $171.0K |
| Free Cash FlowOCF − Capex | $-35.2M | $-227.0K |
| FCF MarginFCF / Revenue | -72.8% | -0.9% |
| Capex IntensityCapex / Revenue | 6.9% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 0.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $5.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $171.0K | ||
| Q3 25 | $9.2M | $1.7M | ||
| Q2 25 | $-16.3M | $4.2M | ||
| Q1 25 | $-552.0K | $3.1M | ||
| Q4 24 | $-8.7M | $2.2M | ||
| Q3 24 | $14.2M | $1.7M | ||
| Q2 24 | $-9.1M | $4.6M | ||
| Q1 24 | $7.2M | $2.8M |
| Q4 25 | $-35.2M | $-227.0K | ||
| Q3 25 | $8.6M | $-177.0K | ||
| Q2 25 | $-16.7M | $3.6M | ||
| Q1 25 | $-2.5M | $2.6M | ||
| Q4 24 | $-11.4M | $1.5M | ||
| Q3 24 | $13.4M | $-148.0K | ||
| Q2 24 | $-9.4M | $4.2M | ||
| Q1 24 | $5.9M | $2.6M |
| Q4 25 | -72.8% | -0.9% | ||
| Q3 25 | 13.5% | -0.7% | ||
| Q2 25 | -32.4% | 13.1% | ||
| Q1 25 | -3.5% | 9.4% | ||
| Q4 24 | -123.5% | 6.0% | ||
| Q3 24 | 146.2% | -0.6% | ||
| Q2 24 | -16.3% | 16.1% | ||
| Q1 24 | 11.6% | 10.2% |
| Q4 25 | 6.9% | 1.6% | ||
| Q3 25 | 1.0% | 7.2% | ||
| Q2 25 | 0.8% | 2.4% | ||
| Q1 25 | 2.8% | 2.2% | ||
| Q4 24 | 29.4% | 3.0% | ||
| Q3 24 | 9.0% | 7.2% | ||
| Q2 24 | 0.4% | 1.6% | ||
| Q1 24 | 2.5% | 0.7% |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 5.79× | ||
| Q1 25 | -0.08× | 1.26× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | -2.96× | 5.54× | ||
| Q1 24 | 9.09× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
