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Side-by-side financial comparison of FONAR CORP (FONR) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $13.4M, roughly 1.9× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs 8.0%, a 8.6% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-227.0K).
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.
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
FONR vs POWW — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $13.4M |
| Net Profit | $2.1M | $2.2M |
| Gross Margin | — | 87.1% |
| Operating Margin | 13.5% | 14.7% |
| Net Margin | 8.0% | 16.7% |
| Revenue YoY | 2.4% | -54.1% |
| Net Profit YoY | 4.7% | 108.5% |
| EPS (diluted) | — | $0.01 |
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 | $13.4M | ||
| Q3 25 | $26.0M | $12.0M | ||
| Q2 25 | $27.3M | $11.9M | ||
| Q1 25 | $27.2M | $12.6M | ||
| Q4 24 | $24.9M | $12.5M | ||
| Q3 24 | $25.0M | $12.0M | ||
| Q2 24 | $25.9M | $12.3M | ||
| Q1 24 | $25.7M | $-50.7M |
| Q4 25 | $2.1M | $2.2M | ||
| Q3 25 | $2.3M | $1.4M | ||
| Q2 25 | $729.3K | $-6.5M | ||
| Q1 25 | $2.5M | $-77.5M | ||
| Q4 24 | $2.0M | $-26.1M | ||
| Q3 24 | $3.1M | $-12.4M | ||
| Q2 24 | $830.4K | $-14.8M | ||
| Q1 24 | $1.9M | $-5.2M |
| Q4 25 | — | 87.1% | ||
| Q3 25 | — | 87.1% | ||
| Q2 25 | — | 87.2% | ||
| Q1 25 | — | 87.5% | ||
| Q4 24 | — | 87.4% | ||
| Q3 24 | — | 86.9% | ||
| Q2 24 | — | 85.8% | ||
| Q1 24 | — | — |
| Q4 25 | 13.5% | 14.7% | ||
| Q3 25 | 14.1% | 5.9% | ||
| Q2 25 | 5.3% | -50.7% | ||
| Q1 25 | 15.2% | -213.6% | ||
| Q4 24 | 11.9% | -163.8% | ||
| Q3 24 | 21.0% | -50.3% | ||
| Q2 24 | 7.4% | -50.8% | ||
| Q1 24 | 16.8% | — |
| Q4 25 | 8.0% | 16.7% | ||
| Q3 25 | 8.7% | 11.7% | ||
| Q2 25 | 2.7% | -54.5% | ||
| Q1 25 | 9.2% | -614.5% | ||
| Q4 24 | 7.9% | -208.7% | ||
| Q3 24 | 12.6% | -103.7% | ||
| Q2 24 | 3.2% | -120.2% | ||
| Q1 24 | 7.3% | 10.3% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.67 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.05 |
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 | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $237.3M |
| Total Assets | $217.2M | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $69.9M | ||
| Q3 25 | $122.0K | $65.7M | ||
| Q2 25 | $56.5M | $63.4M | ||
| Q1 25 | $123.0K | $30.2M | ||
| Q4 24 | $121.0K | $31.9M | ||
| Q3 24 | $136.0K | $33.5M | ||
| Q2 24 | $56.5M | $50.8M | ||
| Q1 24 | $134.0K | $55.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $237.3M | ||
| Q3 25 | $174.9M | $235.4M | ||
| Q2 25 | $172.6M | $222.5M | ||
| Q1 25 | $171.9M | $222.0M | ||
| Q4 24 | $169.8M | $299.6M | ||
| Q3 24 | $168.7M | $325.6M | ||
| Q2 24 | $166.0M | $342.5M | ||
| Q1 24 | $165.8M | $358.0M |
| Q4 25 | $217.2M | $271.7M | ||
| Q3 25 | $218.4M | $270.3M | ||
| Q2 25 | $216.9M | $269.5M | ||
| Q1 25 | $214.9M | $297.3M | ||
| Q4 24 | $208.0M | $355.4M | ||
| Q3 24 | $212.3M | $368.9M | ||
| Q2 24 | $214.2M | $398.6M | ||
| Q1 24 | $209.6M | $403.0M |
| 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 | $5.7M |
| Free Cash FlowOCF − Capex | $-227.0K | $5.0M |
| FCF MarginFCF / Revenue | -0.9% | 37.6% |
| Capex IntensityCapex / Revenue | 1.6% | 4.8% |
| Cash ConversionOCF / Net Profit | 0.08× | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $5.7M | ||
| Q3 25 | $1.7M | $3.2M | ||
| Q2 25 | $4.2M | $-6.7M | ||
| Q1 25 | $3.1M | $-1.5M | ||
| Q4 24 | $2.2M | $1.3M | ||
| Q3 24 | $1.7M | $-9.3M | ||
| Q2 24 | $4.6M | $-547.5K | ||
| Q1 24 | $2.8M | $4.3M |
| Q4 25 | $-227.0K | $5.0M | ||
| Q3 25 | $-177.0K | $2.5M | ||
| Q2 25 | $3.6M | $-7.6M | ||
| Q1 25 | $2.6M | $-2.3M | ||
| Q4 24 | $1.5M | $720.3K | ||
| Q3 24 | $-148.0K | $-10.6M | ||
| Q2 24 | $4.2M | $-1.3M | ||
| Q1 24 | $2.6M | $1.4M |
| Q4 25 | -0.9% | 37.6% | ||
| Q3 25 | -0.7% | 21.0% | ||
| Q2 25 | 13.1% | -63.8% | ||
| Q1 25 | 9.4% | -18.6% | ||
| Q4 24 | 6.0% | 5.8% | ||
| Q3 24 | -0.6% | -88.3% | ||
| Q2 24 | 16.1% | -11.0% | ||
| Q1 24 | 10.2% | -2.8% |
| Q4 25 | 1.6% | 4.8% | ||
| Q3 25 | 7.2% | 5.8% | ||
| Q2 25 | 2.4% | 7.5% | ||
| Q1 25 | 2.2% | 6.5% | ||
| Q4 24 | 3.0% | 4.4% | ||
| Q3 24 | 7.2% | 10.4% | ||
| Q2 24 | 1.6% | 6.5% | ||
| Q1 24 | 0.7% | -5.7% |
| Q4 25 | 0.08× | 2.55× | ||
| Q3 25 | 0.75× | 2.29× | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 5.54× | — | ||
| 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% |
POWW
Segment breakdown not available.
