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Side-by-side financial comparison of FONAR CORP (FONR) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $18.7M, roughly 1.4× HEALTHY CHOICE WELLNESS CORP.). FONAR CORP runs the higher net margin — 8.0% vs -8.9%, a 16.9% gap on every dollar of revenue. FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-927.1K).
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.
FONR vs HCWC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $18.7M |
| Net Profit | $2.1M | $-1.7M |
| Gross Margin | — | 39.1% |
| Operating Margin | 13.5% | -7.6% |
| Net Margin | 8.0% | -8.9% |
| Revenue YoY | 2.4% | — |
| Net Profit YoY | 4.7% | — |
| EPS (diluted) | — | $-0.05 |
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 | $18.7M | ||
| Q3 25 | $26.0M | $19.0M | ||
| Q2 25 | $27.3M | $20.2M | ||
| Q1 25 | $27.2M | $20.3M | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $25.0M | $18.2M | ||
| Q2 24 | $25.9M | — | ||
| Q1 24 | $25.7M | — |
| Q4 25 | $2.1M | $-1.7M | ||
| Q3 25 | $2.3M | $-1.2M | ||
| Q2 25 | $729.3K | $-339.4K | ||
| Q1 25 | $2.5M | $-712.4K | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $3.1M | $-2.7M | ||
| Q2 24 | $830.4K | — | ||
| Q1 24 | $1.9M | — |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 38.8% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 38.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 13.5% | -7.6% | ||
| Q3 25 | 14.1% | -3.2% | ||
| Q2 25 | 5.3% | -0.2% | ||
| Q1 25 | 15.2% | -2.0% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.0% | -2.0% | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 16.8% | — |
| Q4 25 | 8.0% | -8.9% | ||
| Q3 25 | 8.7% | -6.4% | ||
| Q2 25 | 2.7% | -1.7% | ||
| Q1 25 | 9.2% | -3.5% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 12.6% | -14.6% | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 7.3% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.09 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.0M |
| Total DebtLower is stronger | — | $7.3M |
| Stockholders' EquityBook value | $176.9M | $7.3M |
| Total Assets | $217.2M | $33.5M |
| Debt / EquityLower = less leverage | — | 1.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $3.0M | ||
| Q3 25 | $122.0K | $3.0M | ||
| Q2 25 | $56.5M | $4.7M | ||
| Q1 25 | $123.0K | $1.8M | ||
| Q4 24 | $121.0K | — | ||
| Q3 24 | $136.0K | $1.8M | ||
| Q2 24 | $56.5M | — | ||
| Q1 24 | $134.0K | — |
| Q4 25 | — | $7.3M | ||
| Q3 25 | — | $8.5M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $11.6M | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $7.3M | ||
| Q3 25 | $174.9M | $5.9M | ||
| Q2 25 | $172.6M | $5.8M | ||
| Q1 25 | $171.9M | $2.1M | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $168.7M | $2.9M | ||
| Q2 24 | $166.0M | — | ||
| Q1 24 | $165.8M | — |
| Q4 25 | $217.2M | $33.5M | ||
| Q3 25 | $218.4M | $33.7M | ||
| Q2 25 | $216.9M | $36.4M | ||
| Q1 25 | $214.9M | $34.1M | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $212.3M | $33.2M | ||
| Q2 24 | $214.2M | — | ||
| Q1 24 | $209.6M | — |
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 5.01× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.95× | ||
| 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 | $171.0K | $-855.1K |
| Free Cash FlowOCF − Capex | $-227.0K | $-927.1K |
| FCF MarginFCF / Revenue | -0.9% | -5.0% |
| Capex IntensityCapex / Revenue | 1.6% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $675.4K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $-855.1K | ||
| Q3 25 | $1.7M | $-308.7K | ||
| Q2 25 | $4.2M | $1.1M | ||
| Q1 25 | $3.1M | $1.1M | ||
| Q4 24 | $2.2M | — | ||
| Q3 24 | $1.7M | — | ||
| Q2 24 | $4.6M | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $-227.0K | $-927.1K | ||
| Q3 25 | $-177.0K | $-351.3K | ||
| Q2 25 | $3.6M | $988.6K | ||
| Q1 25 | $2.6M | $965.3K | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $-148.0K | — | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | -0.9% | -5.0% | ||
| Q3 25 | -0.7% | -1.8% | ||
| Q2 25 | 13.1% | 4.9% | ||
| Q1 25 | 9.4% | 4.8% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -0.6% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 10.2% | — |
| Q4 25 | 1.6% | 0.4% | ||
| Q3 25 | 7.2% | 0.2% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 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 | 5.54× | — | ||
| Q1 24 | 1.50× | — |
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% |
HCWC
| Retail Grocery | $17.1M | 91% |
| Food Service Restaurant | $1.7M | 9% |
