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Side-by-side financial comparison of FONAR CORP (FONR) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $20.4M, roughly 1.2× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 8.0%, a 56.9% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs 2.4%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% 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.
TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.
FONR vs MITT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $20.4M |
| Net Profit | $2.1M | $13.3M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 67.1% |
| Net Margin | 8.0% | 65.0% |
| Revenue YoY | 2.4% | 17.7% |
| Net Profit YoY | 4.7% | -7.0% |
| EPS (diluted) | — | $0.27 |
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 | $20.4M | ||
| Q3 25 | $26.0M | $19.5M | ||
| Q2 25 | $27.3M | $17.8M | ||
| Q1 25 | $27.2M | $18.8M | ||
| Q4 24 | $24.9M | $17.4M | ||
| Q3 24 | $25.0M | $14.9M | ||
| Q2 24 | $25.9M | $16.4M | ||
| Q1 24 | $25.7M | $17.2M |
| Q4 25 | $2.1M | $13.3M | ||
| Q3 25 | $2.3M | $20.0M | ||
| Q2 25 | $729.3K | $3.9M | ||
| Q1 25 | $2.5M | $11.5M | ||
| Q4 24 | $2.0M | $14.3M | ||
| Q3 24 | $3.1M | $16.6M | ||
| Q2 24 | $830.4K | $3.9M | ||
| Q1 24 | $1.9M | $20.9M |
| Q4 25 | 13.5% | 67.1% | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 5.3% | 20.9% | ||
| Q1 25 | 15.2% | 54.6% | ||
| Q4 24 | 11.9% | 76.7% | ||
| Q3 24 | 21.0% | — | ||
| Q2 24 | 7.4% | 18.4% | ||
| Q1 24 | 16.8% | — |
| Q4 25 | 8.0% | 65.0% | ||
| Q3 25 | 8.7% | 102.5% | ||
| Q2 25 | 2.7% | 22.2% | ||
| Q1 25 | 9.2% | 60.9% | ||
| Q4 24 | 7.9% | 82.2% | ||
| Q3 24 | 12.6% | 111.3% | ||
| Q2 24 | 3.2% | 24.0% | ||
| Q1 24 | 7.3% | 121.6% |
| Q4 25 | — | $0.27 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $0.30 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $0.55 |
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 | $57.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $560.7M |
| Total Assets | $217.2M | $8.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $57.8M | ||
| Q3 25 | $122.0K | $59.0M | ||
| Q2 25 | $56.5M | $88.7M | ||
| Q1 25 | $123.0K | $115.5M | ||
| Q4 24 | $121.0K | $118.7M | ||
| Q3 24 | $136.0K | $102.5M | ||
| Q2 24 | $56.5M | $120.9M | ||
| Q1 24 | $134.0K | $100.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $560.7M | ||
| Q3 25 | $174.9M | $559.8M | ||
| Q2 25 | $172.6M | $536.4M | ||
| Q1 25 | $171.9M | $543.9M | ||
| Q4 24 | $169.8M | $543.4M | ||
| Q3 24 | $168.7M | $540.1M | ||
| Q2 24 | $166.0M | $533.5M | ||
| Q1 24 | $165.8M | $539.6M |
| Q4 25 | $217.2M | $8.7B | ||
| Q3 25 | $218.4M | $9.0B | ||
| Q2 25 | $216.9M | $7.5B | ||
| Q1 25 | $214.9M | $7.3B | ||
| Q4 24 | $208.0M | $6.9B | ||
| Q3 24 | $212.3M | $7.0B | ||
| Q2 24 | $214.2M | $7.1B | ||
| Q1 24 | $209.6M | $6.4B |
| 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 | $59.6M |
| Free Cash FlowOCF − Capex | $-227.0K | — |
| FCF MarginFCF / Revenue | -0.9% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.08× | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $59.6M | ||
| Q3 25 | $1.7M | $17.4M | ||
| Q2 25 | $4.2M | $11.5M | ||
| Q1 25 | $3.1M | $12.0M | ||
| Q4 24 | $2.2M | $55.8M | ||
| Q3 24 | $1.7M | $14.5M | ||
| Q2 24 | $4.6M | $13.7M | ||
| Q1 24 | $2.8M | $12.0M |
| 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× | 4.48× | ||
| Q3 25 | 0.75× | 0.87× | ||
| Q2 25 | 5.79× | 2.92× | ||
| Q1 25 | 1.26× | 1.05× | ||
| Q4 24 | 1.14× | 3.91× | ||
| Q3 24 | 0.53× | 0.87× | ||
| Q2 24 | 5.54× | 3.50× | ||
| Q1 24 | 1.50× | 0.57× |
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% |
MITT
Segment breakdown not available.
