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Side-by-side financial comparison of FONAR CORP (FONR) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.
Orange County Bancorp, Inc. is the larger business by last-quarter revenue ($33.0M vs $25.5M, roughly 1.3× FONAR CORP). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs 8.0%, a 29.6% gap on every dollar of revenue. On growth, Orange County Bancorp, Inc. posted the faster year-over-year revenue change (20.6% vs 2.4%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $-227.0K). Over the past eight quarters, Orange County Bancorp, Inc.'s revenue compounded faster (14.3% 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.
Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.
FONR vs OBT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $33.0M |
| Net Profit | $2.1M | $12.4M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 41.4% |
| Net Margin | 8.0% | 37.6% |
| Revenue YoY | 2.4% | 20.6% |
| Net Profit YoY | 4.7% | 73.5% |
| EPS (diluted) | — | $0.94 |
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 | $33.0M | ||
| Q3 25 | $26.0M | $33.7M | ||
| Q2 25 | $27.3M | $32.5M | ||
| Q1 25 | $27.2M | $28.0M | ||
| Q4 24 | $24.9M | $27.4M | ||
| Q3 24 | $25.0M | $27.1M | ||
| Q2 24 | $25.9M | $27.9M | ||
| Q1 24 | $25.7M | $25.3M |
| Q4 25 | $2.1M | $12.4M | ||
| Q3 25 | $2.3M | $10.0M | ||
| Q2 25 | $729.3K | $10.5M | ||
| Q1 25 | $2.5M | $8.7M | ||
| Q4 24 | $2.0M | $7.2M | ||
| Q3 24 | $3.1M | $3.2M | ||
| Q2 24 | $830.4K | $8.2M | ||
| Q1 24 | $1.9M | $9.3M |
| Q4 25 | 13.5% | 41.4% | ||
| Q3 25 | 14.1% | 38.6% | ||
| Q2 25 | 5.3% | 41.9% | ||
| Q1 25 | 15.2% | 40.3% | ||
| Q4 24 | 11.9% | 32.8% | ||
| Q3 24 | 21.0% | 14.8% | ||
| Q2 24 | 7.4% | 36.6% | ||
| Q1 24 | 16.8% | 45.9% |
| Q4 25 | 8.0% | 37.6% | ||
| Q3 25 | 8.7% | 29.7% | ||
| Q2 25 | 2.7% | 32.2% | ||
| Q1 25 | 9.2% | 31.1% | ||
| Q4 24 | 7.9% | 26.2% | ||
| Q3 24 | 12.6% | 11.8% | ||
| Q2 24 | 3.2% | 29.4% | ||
| Q1 24 | 7.3% | 36.7% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $0.75 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $0.64 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.73 | ||
| Q1 24 | — | $0.82 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $284.4M |
| Total Assets | $217.2M | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | — | ||
| Q3 25 | $122.0K | — | ||
| Q2 25 | $56.5M | — | ||
| Q1 25 | $123.0K | — | ||
| Q4 24 | $121.0K | — | ||
| Q3 24 | $136.0K | — | ||
| Q2 24 | $56.5M | — | ||
| Q1 24 | $134.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $284.4M | ||
| Q3 25 | $174.9M | $270.1M | ||
| Q2 25 | $172.6M | $252.6M | ||
| Q1 25 | $171.9M | $201.3M | ||
| Q4 24 | $169.8M | $185.5M | ||
| Q3 24 | $168.7M | $193.1M | ||
| Q2 24 | $166.0M | $177.5M | ||
| Q1 24 | $165.8M | $168.7M |
| Q4 25 | $217.2M | $2.7B | ||
| Q3 25 | $218.4M | $2.6B | ||
| Q2 25 | $216.9M | $2.6B | ||
| Q1 25 | $214.9M | $2.6B | ||
| Q4 24 | $208.0M | $2.5B | ||
| Q3 24 | $212.3M | $2.5B | ||
| Q2 24 | $214.2M | $2.5B | ||
| Q1 24 | $209.6M | $2.5B |
| 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 | $43.8M |
| Free Cash FlowOCF − Capex | $-227.0K | $41.3M |
| FCF MarginFCF / Revenue | -0.9% | 125.1% |
| Capex IntensityCapex / Revenue | 1.6% | 7.6% |
| Cash ConversionOCF / Net Profit | 0.08× | 3.53× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $69.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $43.8M | ||
| Q3 25 | $1.7M | $30.2M | ||
| Q2 25 | $4.2M | $-5.0M | ||
| Q1 25 | $3.1M | $4.8M | ||
| Q4 24 | $2.2M | $34.6M | ||
| Q3 24 | $1.7M | $10.2M | ||
| Q2 24 | $4.6M | $9.3M | ||
| Q1 24 | $2.8M | $2.3M |
| Q4 25 | $-227.0K | $41.3M | ||
| Q3 25 | $-177.0K | $29.6M | ||
| Q2 25 | $3.6M | $-5.7M | ||
| Q1 25 | $2.6M | $4.3M | ||
| Q4 24 | $1.5M | $32.9M | ||
| Q3 24 | $-148.0K | $10.0M | ||
| Q2 24 | $4.2M | $9.2M | ||
| Q1 24 | $2.6M | $2.0M |
| Q4 25 | -0.9% | 125.1% | ||
| Q3 25 | -0.7% | 87.8% | ||
| Q2 25 | 13.1% | -17.5% | ||
| Q1 25 | 9.4% | 15.5% | ||
| Q4 24 | 6.0% | 120.0% | ||
| Q3 24 | -0.6% | 36.7% | ||
| Q2 24 | 16.1% | 32.8% | ||
| Q1 24 | 10.2% | 7.9% |
| Q4 25 | 1.6% | 7.6% | ||
| Q3 25 | 7.2% | 1.8% | ||
| Q2 25 | 2.4% | 2.3% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 3.0% | 6.3% | ||
| Q3 24 | 7.2% | 1.1% | ||
| Q2 24 | 1.6% | 0.4% | ||
| Q1 24 | 0.7% | 1.0% |
| Q4 25 | 0.08× | 3.53× | ||
| Q3 25 | 0.75× | 3.01× | ||
| Q2 25 | 5.79× | -0.47× | ||
| Q1 25 | 1.26× | 0.56× | ||
| Q4 24 | 1.14× | 4.83× | ||
| Q3 24 | 0.53× | 3.19× | ||
| Q2 24 | 5.54× | 1.13× | ||
| Q1 24 | 1.50× | 0.24× |
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% |
OBT
Segment breakdown not available.
