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Side-by-side financial comparison of FONAR CORP (FONR) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $25.5M, roughly 1.0× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -101.7%, a 109.8% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -26.6%). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
FONR vs KREF — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $25.8M |
| Net Profit | $2.1M | $-26.2M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | -105.1% |
| Net Margin | 8.0% | -101.7% |
| Revenue YoY | 2.4% | -26.6% |
| Net Profit YoY | 4.7% | -229.6% |
| EPS (diluted) | — | $-0.49 |
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 | $25.8M | ||
| Q3 25 | $26.0M | $25.3M | ||
| Q2 25 | $27.3M | $30.2M | ||
| Q1 25 | $27.2M | $31.3M | ||
| Q4 24 | $24.9M | $35.1M | ||
| Q3 24 | $25.0M | $37.0M | ||
| Q2 24 | $25.9M | $40.4M | ||
| Q1 24 | $25.7M | $39.1M |
| Q4 25 | $2.1M | $-26.2M | ||
| Q3 25 | $2.3M | $13.8M | ||
| Q2 25 | $729.3K | $-29.7M | ||
| Q1 25 | $2.5M | $-4.9M | ||
| Q4 24 | $2.0M | $20.3M | ||
| Q3 24 | $3.1M | $-7.4M | ||
| Q2 24 | $830.4K | $25.8M | ||
| Q1 24 | $1.9M | $-3.1M |
| Q4 25 | 13.5% | -105.1% | ||
| Q3 25 | 14.1% | 50.4% | ||
| Q2 25 | 5.3% | -101.3% | ||
| Q1 25 | 15.2% | -18.3% | ||
| Q4 24 | 11.9% | 55.8% | ||
| Q3 24 | 21.0% | -19.6% | ||
| Q2 24 | 7.4% | 63.3% | ||
| Q1 24 | 16.8% | -8.7% |
| Q4 25 | 8.0% | -101.7% | ||
| Q3 25 | 8.7% | 54.4% | ||
| Q2 25 | 2.7% | -98.5% | ||
| Q1 25 | 9.2% | -15.5% | ||
| Q4 24 | 7.9% | 57.7% | ||
| Q3 24 | 12.6% | -20.0% | ||
| Q2 24 | 3.2% | 63.9% | ||
| Q1 24 | 7.3% | -7.9% |
| Q4 25 | — | $-0.49 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $-0.53 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $-0.13 |
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 | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $1.2B |
| Total Assets | $217.2M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $84.6M | ||
| Q3 25 | $122.0K | $204.1M | ||
| Q2 25 | $56.5M | $107.7M | ||
| Q1 25 | $123.0K | $106.4M | ||
| Q4 24 | $121.0K | $104.9M | ||
| Q3 24 | $136.0K | $108.8M | ||
| Q2 24 | $56.5M | $107.2M | ||
| Q1 24 | $134.0K | $106.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $1.2B | ||
| Q3 25 | $174.9M | $1.2B | ||
| Q2 25 | $172.6M | $1.2B | ||
| Q1 25 | $171.9M | $1.3B | ||
| Q4 24 | $169.8M | $1.3B | ||
| Q3 24 | $168.7M | $1.4B | ||
| Q2 24 | $166.0M | $1.4B | ||
| Q1 24 | $165.8M | $1.4B |
| Q4 25 | $217.2M | $6.5B | ||
| Q3 25 | $218.4M | $6.5B | ||
| Q2 25 | $216.9M | $6.8B | ||
| Q1 25 | $214.9M | $6.6B | ||
| Q4 24 | $208.0M | $6.4B | ||
| Q3 24 | $212.3M | $6.8B | ||
| Q2 24 | $214.2M | $7.1B | ||
| Q1 24 | $209.6M | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $171.0K | $72.3M |
| 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.
| Q4 25 | $171.0K | $72.3M | ||
| Q3 25 | $1.7M | $18.5M | ||
| Q2 25 | $4.2M | $21.1M | ||
| Q1 25 | $3.1M | $15.9M | ||
| Q4 24 | $2.2M | $132.6M | ||
| Q3 24 | $1.7M | $49.1M | ||
| Q2 24 | $4.6M | $30.6M | ||
| Q1 24 | $2.8M | $34.5M |
| 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× | — | ||
| Q3 25 | 0.75× | 1.34× | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.14× | 6.54× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 5.54× | 1.19× | ||
| 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% |
KREF
Segment breakdown not available.
