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Side-by-side financial comparison of Flux Power Holdings, Inc. (FLUX) 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 $14.1M, roughly 1.8× Flux Power Holdings, Inc.). FONAR CORP runs the higher net margin — 8.0% vs 4.3%, a 3.8% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -16.1%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-5.3M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -1.2%).

Adrian Flux is a British insurance broker that has its head office at East Winch Hall in King's Lynn, Norfolk. The company has become the country’s largest specialist motor insurance brokers and employs around 1,850 staff.

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.

FLUX vs FONR — Head-to-Head

Bigger by revenue
FONR
FONR
1.8× larger
FONR
$25.5M
$14.1M
FLUX
Growing faster (revenue YoY)
FONR
FONR
+18.5% gap
FONR
2.4%
-16.1%
FLUX
Higher net margin
FONR
FONR
3.8% more per $
FONR
8.0%
4.3%
FLUX
More free cash flow
FONR
FONR
$5.1M more FCF
FONR
$-227.0K
$-5.3M
FLUX
Faster 2-yr revenue CAGR
FONR
FONR
Annualised
FONR
-0.3%
-1.2%
FLUX

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
FLUX
FLUX
FONR
FONR
Revenue
$14.1M
$25.5M
Net Profit
$601.0K
$2.1M
Gross Margin
34.7%
Operating Margin
5.6%
13.5%
Net Margin
4.3%
8.0%
Revenue YoY
-16.1%
2.4%
Net Profit YoY
131.8%
4.7%
EPS (diluted)
$0.03

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
FLUX
FLUX
FONR
FONR
Q4 25
$14.1M
$25.5M
Q3 25
$13.2M
$26.0M
Q2 25
$16.7M
$27.3M
Q1 25
$16.7M
$27.2M
Q4 24
$16.8M
$24.9M
Q3 24
$16.1M
$25.0M
Q2 24
$13.4M
$25.9M
Q1 24
$14.5M
$25.7M
Net Profit
FLUX
FLUX
FONR
FONR
Q4 25
$601.0K
$2.1M
Q3 25
$-2.6M
$2.3M
Q2 25
$-1.2M
$729.3K
Q1 25
$-1.9M
$2.5M
Q4 24
$-1.9M
$2.0M
Q3 24
$-1.7M
$3.1M
Q2 24
$-2.2M
$830.4K
Q1 24
$-3.0M
$1.9M
Gross Margin
FLUX
FLUX
FONR
FONR
Q4 25
34.7%
Q3 25
28.6%
Q2 25
34.5%
Q1 25
31.6%
Q4 24
32.5%
Q3 24
32.4%
Q2 24
26.9%
Q1 24
27.8%
Operating Margin
FLUX
FLUX
FONR
FONR
Q4 25
5.6%
13.5%
Q3 25
-16.5%
14.1%
Q2 25
-4.5%
5.3%
Q1 25
-9.4%
15.2%
Q4 24
-8.8%
11.9%
Q3 24
-7.5%
21.0%
Q2 24
-13.5%
7.4%
Q1 24
-17.8%
16.8%
Net Margin
FLUX
FLUX
FONR
FONR
Q4 25
4.3%
8.0%
Q3 25
-19.4%
8.7%
Q2 25
-7.0%
2.7%
Q1 25
-11.6%
9.2%
Q4 24
-11.2%
7.9%
Q3 24
-10.4%
12.6%
Q2 24
-16.8%
3.2%
Q1 24
-20.8%
7.3%
EPS (diluted)
FLUX
FLUX
FONR
FONR
Q4 25
$0.03
Q3 25
$-0.15
Q2 25
$-0.07
Q1 25
$-0.12
Q4 24
$-0.11
Q3 24
$-0.10
Q2 24
$-0.13
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
FLUX
FLUX
FONR
FONR
Cash + ST InvestmentsLiquidity on hand
$121.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$176.9M
Total Assets
$30.1M
$217.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUX
FLUX
FONR
FONR
Q4 25
$121.0K
Q3 25
$1.6M
$122.0K
Q2 25
$1.3M
$56.5M
Q1 25
$505.0K
$123.0K
Q4 24
$883.0K
$121.0K
Q3 24
$559.0K
$136.0K
Q2 24
$643.0K
$56.5M
Q1 24
$1.3M
$134.0K
Total Debt
FLUX
FLUX
FONR
FONR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FLUX
FLUX
FONR
FONR
Q4 25
$7.5M
$176.9M
Q3 25
$-3.3M
$174.9M
Q2 25
$-5.4M
$172.6M
Q1 25
$4.4M
$171.9M
Q4 24
$-2.7M
$169.8M
Q3 24
$-1.1M
$168.7M
Q2 24
$194.0K
$166.0M
Q1 24
$2.1M
$165.8M
Total Assets
FLUX
FLUX
FONR
FONR
Q4 25
$30.1M
$217.2M
Q3 25
$29.7M
$218.4M
Q2 25
$34.8M
$216.9M
Q1 25
$30.6M
$214.9M
Q4 24
$29.0M
$208.0M
Q3 24
$30.6M
$212.3M
Q2 24
$32.3M
$214.2M
Q1 24
$34.0M
$209.6M
Debt / Equity
FLUX
FLUX
FONR
FONR
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
FLUX
FLUX
FONR
FONR
Operating Cash FlowLast quarter
$-5.2M
$171.0K
Free Cash FlowOCF − Capex
$-5.3M
$-227.0K
FCF MarginFCF / Revenue
-37.4%
-0.9%
Capex IntensityCapex / Revenue
0.9%
1.6%
Cash ConversionOCF / Net Profit
-8.59×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUX
FLUX
FONR
FONR
Q4 25
$-5.2M
$171.0K
Q3 25
$889.0K
$1.7M
Q2 25
$610.0K
$4.2M
Q1 25
$-1.6M
$3.1M
Q4 24
$2.8M
$2.2M
Q3 24
$944.0K
$1.7M
Q2 24
$-4.8M
$4.6M
Q1 24
$-229.0K
$2.8M
Free Cash Flow
FLUX
FLUX
FONR
FONR
Q4 25
$-5.3M
$-227.0K
Q3 25
$726.0K
$-177.0K
Q2 25
$-43.0K
$3.6M
Q1 25
$-1.7M
$2.6M
Q4 24
$2.7M
$1.5M
Q3 24
$746.0K
$-148.0K
Q2 24
$-5.7M
$4.2M
Q1 24
$-479.0K
$2.6M
FCF Margin
FLUX
FLUX
FONR
FONR
Q4 25
-37.4%
-0.9%
Q3 25
5.5%
-0.7%
Q2 25
-0.3%
13.1%
Q1 25
-10.4%
9.4%
Q4 24
16.1%
6.0%
Q3 24
4.6%
-0.6%
Q2 24
-42.2%
16.1%
Q1 24
-3.3%
10.2%
Capex Intensity
FLUX
FLUX
FONR
FONR
Q4 25
0.9%
1.6%
Q3 25
1.2%
7.2%
Q2 25
3.9%
2.4%
Q1 25
1.1%
2.2%
Q4 24
0.7%
3.0%
Q3 24
1.2%
7.2%
Q2 24
6.4%
1.6%
Q1 24
1.7%
0.7%
Cash Conversion
FLUX
FLUX
FONR
FONR
Q4 25
-8.59×
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

FLUX
FLUX

Segment breakdown not available.

FONR
FONR

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

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