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Side-by-side financial comparison of FONAR CORP (FONR) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $22.3M, roughly 1.1× Ladder Capital Corp). Ladder Capital Corp runs the higher net margin — 71.0% vs 8.0%, a 63.0% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-227.0K). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -22.5%).
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.
Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.
FONR vs LADR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $22.3M |
| Net Profit | $2.1M | $15.9M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 69.5% |
| Net Margin | 8.0% | 71.0% |
| Revenue YoY | 2.4% | -18.0% |
| Net Profit YoY | 4.7% | -49.4% |
| EPS (diluted) | — | $0.13 |
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 | $22.3M | ||
| Q3 25 | $26.0M | $27.8M | ||
| Q2 25 | $27.3M | $21.5M | ||
| Q1 25 | $27.2M | $20.3M | ||
| Q4 24 | $24.9M | $27.2M | ||
| Q3 24 | $25.0M | $38.4M | ||
| Q2 24 | $25.9M | $34.3M | ||
| Q1 24 | $25.7M | $37.1M |
| Q4 25 | $2.1M | $15.9M | ||
| Q3 25 | $2.3M | $19.2M | ||
| Q2 25 | $729.3K | $17.1M | ||
| Q1 25 | $2.5M | $11.6M | ||
| Q4 24 | $2.0M | $31.3M | ||
| Q3 24 | $3.1M | $27.6M | ||
| Q2 24 | $830.4K | $32.1M | ||
| Q1 24 | $1.9M | $16.4M |
| Q4 25 | 13.5% | 69.5% | ||
| Q3 25 | 14.1% | 72.4% | ||
| Q2 25 | 5.3% | 96.7% | ||
| Q1 25 | 15.2% | 52.7% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 21.0% | 74.1% | ||
| Q2 24 | 7.4% | 90.4% | ||
| Q1 24 | 16.8% | 49.4% |
| Q4 25 | 8.0% | 71.0% | ||
| Q3 25 | 8.7% | 69.0% | ||
| Q2 25 | 2.7% | 79.5% | ||
| Q1 25 | 9.2% | 56.8% | ||
| Q4 24 | 7.9% | 115.1% | ||
| Q3 24 | 12.6% | 71.7% | ||
| Q2 24 | 3.2% | 93.6% | ||
| Q1 24 | 7.3% | 44.2% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | — | $0.22 | ||
| Q2 24 | — | $0.26 | ||
| 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 | $38.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $1.5B |
| Total Assets | $217.2M | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $38.0M | ||
| Q3 25 | $122.0K | $49.4M | ||
| Q2 25 | $56.5M | $134.9M | ||
| Q1 25 | $123.0K | $479.8M | ||
| Q4 24 | $121.0K | $1.3B | ||
| Q3 24 | $136.0K | $1.6B | ||
| Q2 24 | $56.5M | $1.2B | ||
| Q1 24 | $134.0K | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $1.5B | ||
| Q3 25 | $174.9M | $1.5B | ||
| Q2 25 | $172.6M | $1.5B | ||
| Q1 25 | $171.9M | $1.5B | ||
| Q4 24 | $169.8M | $1.5B | ||
| Q3 24 | $168.7M | $1.5B | ||
| Q2 24 | $166.0M | $1.5B | ||
| Q1 24 | $165.8M | $1.5B |
| Q4 25 | $217.2M | $5.2B | ||
| Q3 25 | $218.4M | $4.7B | ||
| Q2 25 | $216.9M | $4.5B | ||
| Q1 25 | $214.9M | $4.5B | ||
| Q4 24 | $208.0M | $4.8B | ||
| Q3 24 | $212.3M | $4.8B | ||
| Q2 24 | $214.2M | $4.8B | ||
| Q1 24 | $209.6M | $5.3B |
| 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 | $87.0M |
| Free Cash FlowOCF − Capex | $-227.0K | $78.7M |
| FCF MarginFCF / Revenue | -0.9% | 352.4% |
| Capex IntensityCapex / Revenue | 1.6% | 37.4% |
| Cash ConversionOCF / Net Profit | 0.08× | 5.49× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $118.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $87.0M | ||
| Q3 25 | $1.7M | $26.3M | ||
| Q2 25 | $4.2M | $44.0M | ||
| Q1 25 | $3.1M | $-28.7M | ||
| Q4 24 | $2.2M | $133.9M | ||
| Q3 24 | $1.7M | $169.0M | ||
| Q2 24 | $4.6M | $45.4M | ||
| Q1 24 | $2.8M | $-20.4M |
| Q4 25 | $-227.0K | $78.7M | ||
| Q3 25 | $-177.0K | $25.9M | ||
| Q2 25 | $3.6M | $43.4M | ||
| Q1 25 | $2.6M | $-29.6M | ||
| Q4 24 | $1.5M | $127.4M | ||
| Q3 24 | $-148.0K | $166.0M | ||
| Q2 24 | $4.2M | $44.9M | ||
| Q1 24 | $2.6M | $-21.7M |
| Q4 25 | -0.9% | 352.4% | ||
| Q3 25 | -0.7% | 93.1% | ||
| Q2 25 | 13.1% | 201.6% | ||
| Q1 25 | 9.4% | -145.6% | ||
| Q4 24 | 6.0% | 468.2% | ||
| Q3 24 | -0.6% | 432.1% | ||
| Q2 24 | 16.1% | 131.0% | ||
| Q1 24 | 10.2% | -58.6% |
| Q4 25 | 1.6% | 37.4% | ||
| Q3 25 | 7.2% | 1.7% | ||
| Q2 25 | 2.4% | 2.9% | ||
| Q1 25 | 2.2% | 4.3% | ||
| Q4 24 | 3.0% | 23.9% | ||
| Q3 24 | 7.2% | 7.8% | ||
| Q2 24 | 1.6% | 1.3% | ||
| Q1 24 | 0.7% | 3.7% |
| Q4 25 | 0.08× | 5.49× | ||
| Q3 25 | 0.75× | 1.37× | ||
| Q2 25 | 5.79× | 2.57× | ||
| Q1 25 | 1.26× | -2.49× | ||
| Q4 24 | 1.14× | 4.27× | ||
| Q3 24 | 0.53× | 6.13× | ||
| Q2 24 | 5.54× | 1.41× | ||
| Q1 24 | 1.50× | -1.24× |
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% |
LADR
Segment breakdown not available.
