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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and FONAR CORP (FONR). Click either name above to swap in a different company.
FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $25.5M, roughly 1.2× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -8.6%, a 16.7% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -14.4%). FGI Industries Ltd. produced more free cash flow last quarter ($2.3M vs $-227.0K). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -0.5%).
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
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.
FGI vs FONR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.5M | $25.5M |
| Net Profit | $-2.6M | $2.1M |
| Gross Margin | 26.7% | — |
| Operating Margin | -2.2% | 13.5% |
| Net Margin | -8.6% | 8.0% |
| Revenue YoY | -14.4% | 2.4% |
| Net Profit YoY | -553.1% | 4.7% |
| EPS (diluted) | $-1.63 | — |
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 | $30.5M | $25.5M | ||
| Q3 25 | $35.8M | $26.0M | ||
| Q2 25 | $31.0M | $27.3M | ||
| Q1 25 | $33.2M | $27.2M | ||
| Q4 24 | $35.6M | $24.9M | ||
| Q3 24 | $36.1M | $25.0M | ||
| Q2 24 | $29.4M | $25.9M | ||
| Q1 24 | $30.8M | $25.7M |
| Q4 25 | $-2.6M | $2.1M | ||
| Q3 25 | $-1.7M | $2.3M | ||
| Q2 25 | $-1.2M | $729.3K | ||
| Q1 25 | $-629.1K | $2.5M | ||
| Q4 24 | $-402.3K | $2.0M | ||
| Q3 24 | $-550.1K | $3.1M | ||
| Q2 24 | $163.6K | $830.4K | ||
| Q1 24 | $-412.2K | $1.9M |
| Q4 25 | 26.7% | — | ||
| Q3 25 | 26.5% | — | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 26.8% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.8% | — | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | -2.2% | 13.5% | ||
| Q3 25 | 1.0% | 14.1% | ||
| Q2 25 | -2.7% | 5.3% | ||
| Q1 25 | -3.9% | 15.2% | ||
| Q4 24 | -3.5% | 11.9% | ||
| Q3 24 | -0.2% | 21.0% | ||
| Q2 24 | -1.5% | 7.4% | ||
| Q1 24 | -1.0% | 16.8% |
| Q4 25 | -8.6% | 8.0% | ||
| Q3 25 | -4.6% | 8.7% | ||
| Q2 25 | -4.0% | 2.7% | ||
| Q1 25 | -1.9% | 9.2% | ||
| Q4 24 | -1.1% | 7.9% | ||
| Q3 24 | -1.5% | 12.6% | ||
| Q2 24 | 0.6% | 3.2% | ||
| Q1 24 | -1.3% | 7.3% |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.64 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $-0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $121.0K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $17.3M | $176.9M |
| Total Assets | $69.5M | $217.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $121.0K | ||
| Q3 25 | $1.9M | $122.0K | ||
| Q2 25 | $2.5M | $56.5M | ||
| Q1 25 | $1.2M | $123.0K | ||
| Q4 24 | $4.6M | $121.0K | ||
| Q3 24 | $3.0M | $136.0K | ||
| Q2 24 | $1.3M | $56.5M | ||
| Q1 24 | $3.3M | $134.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $66.9K | ||
| Q1 24 | — | — |
| Q4 25 | $17.3M | $176.9M | ||
| Q3 25 | $19.7M | $174.9M | ||
| Q2 25 | $21.3M | $172.6M | ||
| Q1 25 | $21.8M | $171.9M | ||
| Q4 24 | $22.3M | $169.8M | ||
| Q3 24 | $23.5M | $168.7M | ||
| Q2 24 | $23.8M | $166.0M | ||
| Q1 24 | $23.9M | $165.8M |
| Q4 25 | $69.5M | $217.2M | ||
| Q3 25 | $73.0M | $218.4M | ||
| Q2 25 | $71.7M | $216.9M | ||
| Q1 25 | $68.5M | $214.9M | ||
| Q4 24 | $75.5M | $208.0M | ||
| Q3 24 | $74.7M | $212.3M | ||
| Q2 24 | $69.9M | $214.2M | ||
| Q1 24 | $68.6M | $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 | $2.3M | $171.0K |
| Free Cash FlowOCF − Capex | $2.3M | $-227.0K |
| FCF MarginFCF / Revenue | 7.5% | -0.9% |
| Capex IntensityCapex / Revenue | 0.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 0.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-212.5K | $5.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $171.0K | ||
| Q3 25 | $-1.9M | $1.7M | ||
| Q2 25 | $7.6M | $4.2M | ||
| Q1 25 | $-7.4M | $3.1M | ||
| Q4 24 | $617.4K | $2.2M | ||
| Q3 24 | $-915.0K | $1.7M | ||
| Q2 24 | $862.1K | $4.6M | ||
| Q1 24 | $-8.0M | $2.8M |
| Q4 25 | $2.3M | $-227.0K | ||
| Q3 25 | $-2.1M | $-177.0K | ||
| Q2 25 | $7.4M | $3.6M | ||
| Q1 25 | $-7.7M | $2.6M | ||
| Q4 24 | $-214.1K | $1.5M | ||
| Q3 24 | $-1.1M | $-148.0K | ||
| Q2 24 | $281.5K | $4.2M | ||
| Q1 24 | $-8.6M | $2.6M |
| Q4 25 | 7.5% | -0.9% | ||
| Q3 25 | -5.9% | -0.7% | ||
| Q2 25 | 23.8% | 13.1% | ||
| Q1 25 | -23.3% | 9.4% | ||
| Q4 24 | -0.6% | 6.0% | ||
| Q3 24 | -3.0% | -0.6% | ||
| Q2 24 | 1.0% | 16.1% | ||
| Q1 24 | -28.0% | 10.2% |
| Q4 25 | 0.2% | 1.6% | ||
| Q3 25 | 0.7% | 7.2% | ||
| Q2 25 | 0.7% | 2.4% | ||
| Q1 25 | 1.1% | 2.2% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 0.5% | 7.2% | ||
| Q2 24 | 2.0% | 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 | 5.27× | 5.54× | ||
| Q1 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
