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Side-by-side financial comparison of FONAR CORP (FONR) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $25.5M, roughly 1.0× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -28.1%, a 36.2% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -8.2%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-12.7M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -8.7%).

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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

FONR vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.0× larger
FSP
$26.0M
$25.5M
FONR
Growing faster (revenue YoY)
FONR
FONR
+10.6% gap
FONR
2.4%
-8.2%
FSP
Higher net margin
FONR
FONR
36.2% more per $
FONR
8.0%
-28.1%
FSP
More free cash flow
FONR
FONR
$12.4M more FCF
FONR
$-227.0K
$-12.7M
FSP
Faster 2-yr revenue CAGR
FONR
FONR
Annualised
FONR
-0.3%
-8.7%
FSP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
FSP
FSP
Revenue
$25.5M
$26.0M
Net Profit
$2.1M
$-7.3M
Gross Margin
59.4%
Operating Margin
13.5%
-27.9%
Net Margin
8.0%
-28.1%
Revenue YoY
2.4%
-8.2%
Net Profit YoY
4.7%
14.1%
EPS (diluted)
$-0.06

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
FONR
FONR
FSP
FSP
Q4 25
$25.5M
$26.0M
Q3 25
$26.0M
$27.3M
Q2 25
$27.3M
$26.7M
Q1 25
$27.2M
$27.1M
Q4 24
$24.9M
$28.4M
Q3 24
$25.0M
$29.7M
Q2 24
$25.9M
$30.8M
Q1 24
$25.7M
$31.2M
Net Profit
FONR
FONR
FSP
FSP
Q4 25
$2.1M
$-7.3M
Q3 25
$2.3M
$-8.3M
Q2 25
$729.3K
$-7.9M
Q1 25
$2.5M
$-21.4M
Q4 24
$2.0M
$-8.5M
Q3 24
$3.1M
$-15.6M
Q2 24
$830.4K
$-21.0M
Q1 24
$1.9M
$-7.6M
Gross Margin
FONR
FONR
FSP
FSP
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
FONR
FONR
FSP
FSP
Q4 25
13.5%
-27.9%
Q3 25
14.1%
-30.5%
Q2 25
5.3%
-29.2%
Q1 25
15.2%
-78.9%
Q4 24
11.9%
-29.9%
Q3 24
21.0%
-52.4%
Q2 24
7.4%
-68.0%
Q1 24
16.8%
-24.0%
Net Margin
FONR
FONR
FSP
FSP
Q4 25
8.0%
-28.1%
Q3 25
8.7%
-30.5%
Q2 25
2.7%
-29.5%
Q1 25
9.2%
-79.1%
Q4 24
7.9%
-30.0%
Q3 24
12.6%
-52.6%
Q2 24
3.2%
-68.2%
Q1 24
7.3%
-24.2%
EPS (diluted)
FONR
FONR
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
FONR
FONR
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$121.0K
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$176.9M
$607.0M
Total Assets
$217.2M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
FSP
FSP
Q4 25
$121.0K
$30.6M
Q3 25
$122.0K
$31.4M
Q2 25
$56.5M
$29.4M
Q1 25
$123.0K
$30.2M
Q4 24
$121.0K
$41.1M
Q3 24
$136.0K
$40.9M
Q2 24
$56.5M
$30.2M
Q1 24
$134.0K
$34.2M
Total Debt
FONR
FONR
FSP
FSP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FONR
FONR
FSP
FSP
Q4 25
$176.9M
$607.0M
Q3 25
$174.9M
$615.3M
Q2 25
$172.6M
$624.7M
Q1 25
$171.9M
$633.4M
Q4 24
$169.8M
$655.9M
Q3 24
$168.7M
$665.4M
Q2 24
$166.0M
$682.1M
Q1 24
$165.8M
$703.9M
Total Assets
FONR
FONR
FSP
FSP
Q4 25
$217.2M
$892.9M
Q3 25
$218.4M
$901.0M
Q2 25
$216.9M
$903.2M
Q1 25
$214.9M
$916.4M
Q4 24
$208.0M
$946.9M
Q3 24
$212.3M
$981.5M
Q2 24
$214.2M
$1.0B
Q1 24
$209.6M
$1.0B
Debt / Equity
FONR
FONR
FSP
FSP
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
FONR
FONR
FSP
FSP
Operating Cash FlowLast quarter
$171.0K
$3.8M
Free Cash FlowOCF − Capex
$-227.0K
$-12.7M
FCF MarginFCF / Revenue
-0.9%
-48.6%
Capex IntensityCapex / Revenue
1.6%
63.0%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$5.7M
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
FSP
FSP
Q4 25
$171.0K
$3.8M
Q3 25
$1.7M
$8.3M
Q2 25
$4.2M
$-2.9M
Q1 25
$3.1M
$-5.5M
Q4 24
$2.2M
$9.0M
Q3 24
$1.7M
$14.5M
Q2 24
$4.6M
$-648.0K
Q1 24
$2.8M
$-7.1M
Free Cash Flow
FONR
FONR
FSP
FSP
Q4 25
$-227.0K
$-12.7M
Q3 25
$-177.0K
$3.0M
Q2 25
$3.6M
$-5.7M
Q1 25
$2.6M
$-9.9M
Q4 24
$1.5M
$-16.2M
Q3 24
$-148.0K
$8.6M
Q2 24
$4.2M
$-5.1M
Q1 24
$2.6M
$-15.8M
FCF Margin
FONR
FONR
FSP
FSP
Q4 25
-0.9%
-48.6%
Q3 25
-0.7%
11.0%
Q2 25
13.1%
-21.5%
Q1 25
9.4%
-36.7%
Q4 24
6.0%
-57.2%
Q3 24
-0.6%
29.1%
Q2 24
16.1%
-16.7%
Q1 24
10.2%
-50.8%
Capex Intensity
FONR
FONR
FSP
FSP
Q4 25
1.6%
63.0%
Q3 25
7.2%
19.4%
Q2 25
2.4%
10.7%
Q1 25
2.2%
16.4%
Q4 24
3.0%
88.9%
Q3 24
7.2%
19.6%
Q2 24
1.6%
14.6%
Q1 24
0.7%
28.1%
Cash Conversion
FONR
FONR
FSP
FSP
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

FONR
FONR

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

FSP
FSP

Segment breakdown not available.

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