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Side-by-side financial comparison of FONAR CORP (FONR) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $16.8M, roughly 1.5× John Marshall Bancorp, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs 8.0%, a 28.3% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% 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.
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
FONR vs JMSB — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $16.8M |
| Net Profit | $2.1M | $6.1M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | — |
| Net Margin | 8.0% | 36.3% |
| Revenue YoY | 2.4% | — |
| Net Profit YoY | 4.7% | 26.8% |
| EPS (diluted) | — | $0.43 |
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.
| Q1 26 | — | $16.8M | ||
| Q4 25 | $25.5M | $16.4M | ||
| Q3 25 | $26.0M | $16.3M | ||
| Q2 25 | $27.3M | $15.4M | ||
| Q1 25 | $27.2M | $14.6M | ||
| Q4 24 | $24.9M | $14.3M | ||
| Q3 24 | $25.0M | $13.8M | ||
| Q2 24 | $25.9M | $12.6M |
| Q1 26 | — | $6.1M | ||
| Q4 25 | $2.1M | $5.9M | ||
| Q3 25 | $2.3M | $5.4M | ||
| Q2 25 | $729.3K | $5.1M | ||
| Q1 25 | $2.5M | $4.8M | ||
| Q4 24 | $2.0M | $4.8M | ||
| Q3 24 | $3.1M | $4.2M | ||
| Q2 24 | $830.4K | $3.9M |
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 47.4% | ||
| Q3 25 | 14.1% | 42.2% | ||
| Q2 25 | 5.3% | 42.7% | ||
| Q1 25 | 15.2% | 42.4% | ||
| Q4 24 | 11.9% | 42.5% | ||
| Q3 24 | 21.0% | 38.8% | ||
| Q2 24 | 7.4% | 39.7% |
| Q1 26 | — | 36.3% | ||
| Q4 25 | 8.0% | 36.2% | ||
| Q3 25 | 8.7% | 33.2% | ||
| Q2 25 | 2.7% | 33.1% | ||
| Q1 25 | 9.2% | 32.9% | ||
| Q4 24 | 7.9% | 33.3% | ||
| Q3 24 | 12.6% | 30.7% | ||
| Q2 24 | 3.2% | 30.9% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | — | $0.41 | ||
| Q3 25 | — | $0.38 | ||
| Q2 25 | — | $0.36 | ||
| Q1 25 | — | $0.34 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | — | $0.27 |
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 | $150.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $268.1M |
| Total Assets | $217.2M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.2M | ||
| Q4 25 | $121.0K | $130.0M | ||
| Q3 25 | $122.0K | $163.6M | ||
| Q2 25 | $56.5M | $116.9M | ||
| Q1 25 | $123.0K | $169.1M | ||
| Q4 24 | $121.0K | $122.5M | ||
| Q3 24 | $136.0K | $177.2M | ||
| Q2 24 | $56.5M | $182.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $80.9M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $80.8M | ||
| Q1 25 | — | $80.8M | ||
| Q4 24 | — | $80.8M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | $66.9K | $24.7M |
| Q1 26 | — | $268.1M | ||
| Q4 25 | $176.9M | $265.6M | ||
| Q3 25 | $174.9M | $259.7M | ||
| Q2 25 | $172.6M | $253.7M | ||
| Q1 25 | $171.9M | $253.0M | ||
| Q4 24 | $169.8M | $246.6M | ||
| Q3 24 | $168.7M | $243.1M | ||
| Q2 24 | $166.0M | $235.3M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $217.2M | $2.3B | ||
| Q3 25 | $218.4M | $2.3B | ||
| Q2 25 | $216.9M | $2.3B | ||
| Q1 25 | $214.9M | $2.3B | ||
| Q4 24 | $208.0M | $2.2B | ||
| Q3 24 | $212.3M | $2.3B | ||
| Q2 24 | $214.2M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | 0.00× | 0.11× |
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 | — |
| Free Cash FlowOCF − Capex | $-227.0K | — |
| FCF MarginFCF / Revenue | -0.9% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $171.0K | $22.6M | ||
| Q3 25 | $1.7M | $1.2M | ||
| Q2 25 | $4.2M | $7.5M | ||
| Q1 25 | $3.1M | $7.0M | ||
| Q4 24 | $2.2M | $17.3M | ||
| Q3 24 | $1.7M | $1.4M | ||
| Q2 24 | $4.6M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-227.0K | $22.0M | ||
| Q3 25 | $-177.0K | $1.2M | ||
| Q2 25 | $3.6M | $7.4M | ||
| Q1 25 | $2.6M | $6.6M | ||
| Q4 24 | $1.5M | $16.8M | ||
| Q3 24 | $-148.0K | $1.3M | ||
| Q2 24 | $4.2M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | -0.9% | 134.7% | ||
| Q3 25 | -0.7% | 7.3% | ||
| Q2 25 | 13.1% | 47.8% | ||
| Q1 25 | 9.4% | 45.3% | ||
| Q4 24 | 6.0% | 116.9% | ||
| Q3 24 | -0.6% | 9.5% | ||
| Q2 24 | 16.1% | 80.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 3.4% | ||
| Q3 25 | 7.2% | 0.2% | ||
| Q2 25 | 2.4% | 1.0% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 3.0% | 3.4% | ||
| Q3 24 | 7.2% | 0.8% | ||
| Q2 24 | 1.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | 3.82× | ||
| Q3 25 | 0.75× | 0.23× | ||
| Q2 25 | 5.79× | 1.48× | ||
| Q1 25 | 1.26× | 1.45× | ||
| Q4 24 | 1.14× | 3.61× | ||
| Q3 24 | 0.53× | 0.33× | ||
| Q2 24 | 5.54× | 2.60× |
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% |
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
