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Side-by-side financial comparison of FONAR CORP (FONR) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $21.3M, roughly 1.2× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 8.0%, a 234.2% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 2.4%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% 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.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

FONR vs IVR — Head-to-Head

Bigger by revenue
FONR
FONR
1.2× larger
FONR
$25.5M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+53.0% gap
IVR
55.4%
2.4%
FONR
Higher net margin
IVR
IVR
234.2% more per $
IVR
242.2%
8.0%
FONR
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-0.3%
FONR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
IVR
IVR
Revenue
$25.5M
$21.3M
Net Profit
$2.1M
$51.5M
Gross Margin
Operating Margin
13.5%
Net Margin
8.0%
242.2%
Revenue YoY
2.4%
55.4%
Net Profit YoY
4.7%
1368.7%
EPS (diluted)
$0.72

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
IVR
IVR
Q4 25
$25.5M
$21.3M
Q3 25
$26.0M
$17.6M
Q2 25
$27.3M
$17.7M
Q1 25
$27.2M
$18.8M
Q4 24
$24.9M
$13.7M
Q3 24
$25.0M
$7.5M
Q2 24
$25.9M
$8.6M
Q1 24
$25.7M
$7.0M
Net Profit
FONR
FONR
IVR
IVR
Q4 25
$2.1M
$51.5M
Q3 25
$2.3M
$53.5M
Q2 25
$729.3K
$-23.3M
Q1 25
$2.5M
$19.6M
Q4 24
$2.0M
$3.5M
Q3 24
$3.1M
$40.7M
Q2 24
$830.4K
$-13.5M
Q1 24
$1.9M
$29.1M
Operating Margin
FONR
FONR
IVR
IVR
Q4 25
13.5%
Q3 25
14.1%
Q2 25
5.3%
Q1 25
15.2%
Q4 24
11.9%
Q3 24
21.0%
Q2 24
7.4%
Q1 24
16.8%
Net Margin
FONR
FONR
IVR
IVR
Q4 25
8.0%
242.2%
Q3 25
8.7%
303.6%
Q2 25
2.7%
-131.6%
Q1 25
9.2%
104.4%
Q4 24
7.9%
25.6%
Q3 24
12.6%
542.2%
Q2 24
3.2%
-155.9%
Q1 24
7.3%
415.9%
EPS (diluted)
FONR
FONR
IVR
IVR
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
Q4 24
$-0.09
Q3 24
$0.63
Q2 24
$-0.38
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
FONR
FONR
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$121.0K
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$176.9M
$797.5M
Total Assets
$217.2M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
IVR
IVR
Q4 25
$121.0K
$56.0M
Q3 25
$122.0K
$58.5M
Q2 25
$56.5M
$59.4M
Q1 25
$123.0K
$42.9M
Q4 24
$121.0K
$73.4M
Q3 24
$136.0K
$48.3M
Q2 24
$56.5M
$58.8M
Q1 24
$134.0K
$59.9M
Total Debt
FONR
FONR
IVR
IVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FONR
FONR
IVR
IVR
Q4 25
$176.9M
$797.5M
Q3 25
$174.9M
$769.6M
Q2 25
$172.6M
$709.4M
Q1 25
$171.9M
$759.2M
Q4 24
$169.8M
$730.7M
Q3 24
$168.7M
$857.0M
Q2 24
$166.0M
$759.2M
Q1 24
$165.8M
$785.6M
Total Assets
FONR
FONR
IVR
IVR
Q4 25
$217.2M
$6.5B
Q3 25
$218.4M
$6.0B
Q2 25
$216.9M
$5.4B
Q1 25
$214.9M
$6.2B
Q4 24
$208.0M
$5.7B
Q3 24
$212.3M
$6.1B
Q2 24
$214.2M
$5.1B
Q1 24
$209.6M
$5.2B
Debt / Equity
FONR
FONR
IVR
IVR
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
IVR
IVR
Operating Cash FlowLast quarter
$171.0K
$157.1M
Free Cash FlowOCF − Capex
$-227.0K
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.08×
3.05×
TTM Free Cash FlowTrailing 4 quarters
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
IVR
IVR
Q4 25
$171.0K
$157.1M
Q3 25
$1.7M
$37.3M
Q2 25
$4.2M
$40.6M
Q1 25
$3.1M
$19.3M
Q4 24
$2.2M
$183.2M
Q3 24
$1.7M
$30.8M
Q2 24
$4.6M
$33.0M
Q1 24
$2.8M
$57.5M
Free Cash Flow
FONR
FONR
IVR
IVR
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
FCF Margin
FONR
FONR
IVR
IVR
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%
Capex Intensity
FONR
FONR
IVR
IVR
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%
Cash Conversion
FONR
FONR
IVR
IVR
Q4 25
0.08×
3.05×
Q3 25
0.75×
0.70×
Q2 25
5.79×
Q1 25
1.26×
0.98×
Q4 24
1.14×
52.24×
Q3 24
0.53×
0.76×
Q2 24
5.54×
Q1 24
1.50×
1.97×

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%

IVR
IVR

Segment breakdown not available.

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