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Side-by-side financial comparison of FONAR CORP (FONR) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $23.6M, roughly 1.1× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). FONAR CORP runs the higher net margin — 8.0% vs -677.3%, a 685.4% gap on every dollar of revenue. On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs 2.4%). Over the past eight quarters, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP's revenue compounded faster (8.9% 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.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
FONR vs NEN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $23.6M |
| Net Profit | $2.1M | $-1.4M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 14.0% |
| Net Margin | 8.0% | -677.3% |
| Revenue YoY | 2.4% | 15.7% |
| Net Profit YoY | 4.7% | -133.0% |
| EPS (diluted) | — | — |
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 | $23.6M | ||
| Q3 25 | $26.0M | $23.7M | ||
| Q2 25 | $27.3M | $21.2M | ||
| Q1 25 | $27.2M | $20.7M | ||
| Q4 24 | $24.9M | $20.4M | ||
| Q3 24 | $25.0M | $20.2M | ||
| Q2 24 | $25.9M | $20.1M | ||
| Q1 24 | $25.7M | $19.9M |
| Q4 25 | $2.1M | $-1.4M | ||
| Q3 25 | $2.3M | $-521.8K | ||
| Q2 25 | $729.3K | $4.1M | ||
| Q1 25 | $2.5M | $3.8M | ||
| Q4 24 | $2.0M | $4.2M | ||
| Q3 24 | $3.1M | $3.9M | ||
| Q2 24 | $830.4K | $4.1M | ||
| Q1 24 | $1.9M | $3.5M |
| Q4 25 | 13.5% | 14.0% | ||
| Q3 25 | 14.1% | 20.0% | ||
| Q2 25 | 5.3% | 33.3% | ||
| Q1 25 | 15.2% | 30.1% | ||
| Q4 24 | 11.9% | 32.4% | ||
| Q3 24 | 21.0% | 32.0% | ||
| Q2 24 | 7.4% | 32.6% | ||
| Q1 24 | 16.8% | 28.9% |
| Q4 25 | 8.0% | -677.3% | ||
| Q3 25 | 8.7% | -2.2% | ||
| Q2 25 | 2.7% | 19.5% | ||
| Q1 25 | 9.2% | 18.3% | ||
| Q4 24 | 7.9% | 20.7% | ||
| Q3 24 | 12.6% | 19.3% | ||
| Q2 24 | 3.2% | 20.3% | ||
| Q1 24 | 7.3% | 17.4% |
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 | $26.7M |
| Total DebtLower is stronger | — | $531.0M |
| Stockholders' EquityBook value | $176.9M | — |
| Total Assets | $217.2M | $505.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $26.7M | ||
| Q3 25 | $122.0K | $13.4M | ||
| Q2 25 | $56.5M | $16.7M | ||
| Q1 25 | $123.0K | $30.9M | ||
| Q4 24 | $121.0K | $17.6M | ||
| Q3 24 | $136.0K | $15.1M | ||
| Q2 24 | $56.5M | $13.5M | ||
| Q1 24 | $134.0K | $28.8M |
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $514.2M | ||
| Q2 25 | — | $514.3M | ||
| Q1 25 | — | $407.8M | ||
| Q4 24 | — | $408.6M | ||
| Q3 24 | — | $409.3M | ||
| Q2 24 | $66.9K | $410.0M | ||
| Q1 24 | — | $410.7M |
| Q4 25 | $176.9M | — | ||
| Q3 25 | $174.9M | — | ||
| Q2 25 | $172.6M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.8M | — | ||
| Q3 24 | $168.7M | — | ||
| Q2 24 | $166.0M | — | ||
| Q1 24 | $165.8M | — |
| Q4 25 | $217.2M | $505.3M | ||
| Q3 25 | $218.4M | $492.9M | ||
| Q2 25 | $216.9M | $494.8M | ||
| Q1 25 | $214.9M | $385.2M | ||
| Q4 24 | $208.0M | $393.5M | ||
| Q3 24 | $212.3M | $387.4M | ||
| Q2 24 | $214.2M | $383.7M | ||
| Q1 24 | $209.6M | $381.2M |
| 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 | $27.7M |
| 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 | $27.7M | ||
| Q3 25 | $1.7M | $2.3M | ||
| Q2 25 | $4.2M | $12.5M | ||
| Q1 25 | $3.1M | $5.5M | ||
| Q4 24 | $2.2M | $31.9M | ||
| Q3 24 | $1.7M | $8.5M | ||
| Q2 24 | $4.6M | $5.4M | ||
| Q1 24 | $2.8M | $6.1M |
| 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× | — | ||
| Q2 25 | 5.79× | 3.02× | ||
| Q1 25 | 1.26× | 1.44× | ||
| Q4 24 | 1.14× | 7.57× | ||
| Q3 24 | 0.53× | 2.17× | ||
| Q2 24 | 5.54× | 1.32× | ||
| Q1 24 | 1.50× | 1.77× |
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% |
NEN
Segment breakdown not available.
