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Side-by-side financial comparison of FONAR CORP (FONR) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $20.7M, roughly 1.2× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs 8.0%, a 95.4% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -3.5%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% CAGR vs -0.3%).
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.
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.
FONR vs FPI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $20.7M |
| Net Profit | $2.1M | $21.4M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | — |
| Net Margin | 8.0% | 103.4% |
| Revenue YoY | 2.4% | -3.5% |
| Net Profit YoY | 4.7% | -63.5% |
| EPS (diluted) | — | $0.44 |
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 | $20.7M | ||
| Q3 25 | $26.0M | $11.3M | ||
| Q2 25 | $27.3M | $10.0M | ||
| Q1 25 | $27.2M | $10.3M | ||
| Q4 24 | $24.9M | $21.5M | ||
| Q3 24 | $25.0M | $13.3M | ||
| Q2 24 | $25.9M | $11.4M | ||
| Q1 24 | $25.7M | $12.0M |
| Q4 25 | $2.1M | $21.4M | ||
| Q3 25 | $2.3M | $483.0K | ||
| Q2 25 | $729.3K | $7.6M | ||
| Q1 25 | $2.5M | $2.0M | ||
| Q4 24 | $2.0M | $58.7M | ||
| Q3 24 | $3.1M | $1.8M | ||
| Q2 24 | $830.4K | $-2.0M | ||
| Q1 24 | $1.9M | $1.4M |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 14.1% | 4.3% | ||
| Q2 25 | 5.3% | 78.2% | ||
| Q1 25 | 15.2% | 20.6% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.0% | 13.9% | ||
| Q2 24 | 7.4% | -17.9% | ||
| Q1 24 | 16.8% | 11.9% |
| Q4 25 | 8.0% | 103.4% | ||
| Q3 25 | 8.7% | 4.3% | ||
| Q2 25 | 2.7% | 76.3% | ||
| Q1 25 | 9.2% | 19.9% | ||
| Q4 24 | 7.9% | 273.6% | ||
| Q3 24 | 12.6% | 13.5% | ||
| Q2 24 | 3.2% | -17.5% | ||
| Q1 24 | 7.3% | 11.5% |
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $1.09 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | — | $-0.06 | ||
| 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 | $121.0K | — |
| Total DebtLower is stronger | — | $161.6M |
| Stockholders' EquityBook value | $176.9M | $467.4M |
| Total Assets | $217.2M | $719.1M |
| Debt / EquityLower = less leverage | — | 0.35× |
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 | — | $161.6M | ||
| Q3 25 | — | $170.4M | ||
| Q2 25 | — | $193.4M | ||
| Q1 25 | — | $202.6M | ||
| Q4 24 | — | $204.6M | ||
| Q3 24 | — | $394.0M | ||
| Q2 24 | $66.9K | $393.0M | ||
| Q1 24 | — | $383.0M |
| Q4 25 | $176.9M | $467.4M | ||
| Q3 25 | $174.9M | $457.3M | ||
| Q2 25 | $172.6M | $473.5M | ||
| Q1 25 | $171.9M | $492.2M | ||
| Q4 24 | $169.8M | $494.6M | ||
| Q3 24 | $168.7M | $519.4M | ||
| Q2 24 | $166.0M | $521.5M | ||
| Q1 24 | $165.8M | $526.7M |
| Q4 25 | $217.2M | $719.1M | ||
| Q3 25 | $218.4M | $738.5M | ||
| Q2 25 | $216.9M | $776.7M | ||
| Q1 25 | $214.9M | $810.5M | ||
| Q4 24 | $208.0M | $869.6M | ||
| Q3 24 | $212.3M | $1.0B | ||
| Q2 24 | $214.2M | $1.0B | ||
| Q1 24 | $209.6M | $1.0B |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | 0.00× | 0.75× | ||
| Q1 24 | — | 0.73× |
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 | $171.0K | $17.4M |
| Free Cash FlowOCF − Capex | $-227.0K | — |
| FCF MarginFCF / Revenue | -0.9% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.08× | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $17.4M | ||
| Q3 25 | $1.7M | $-2.0M | ||
| Q2 25 | $4.2M | $-2.2M | ||
| Q1 25 | $3.1M | $6.4M | ||
| Q4 24 | $2.2M | $16.1M | ||
| Q3 24 | $1.7M | $-4.3M | ||
| Q2 24 | $4.6M | $-6.1M | ||
| Q1 24 | $2.8M | $11.9M |
| Q4 25 | $-227.0K | — | ||
| Q3 25 | $-177.0K | — | ||
| Q2 25 | $3.6M | — | ||
| Q1 25 | $2.6M | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-148.0K | — | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | -0.9% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 10.2% | — |
| Q4 25 | 1.6% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 0.08× | 0.81× | ||
| Q3 25 | 0.75× | -4.04× | ||
| Q2 25 | 5.79× | -0.29× | ||
| Q1 25 | 1.26× | 3.12× | ||
| Q4 24 | 1.14× | 0.27× | ||
| Q3 24 | 0.53× | -2.39× | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 1.50× | 8.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
FPI
Segment breakdown not available.
