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Side-by-side financial comparison of FONAR CORP (FONR) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $25.5M, roughly 2.0× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -5.1%, a 13.1% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-227.0K). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
FONR vs RDI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $50.3M |
| Net Profit | $2.1M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | -1.9% |
| Net Margin | 8.0% | -5.1% |
| Revenue YoY | 2.4% | -14.2% |
| Net Profit YoY | 4.7% | -14.5% |
| EPS (diluted) | — | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $26.0M | $52.2M | ||
| Q2 25 | $27.3M | $60.4M | ||
| Q1 25 | $27.2M | $40.2M | ||
| Q4 24 | $24.9M | $58.6M | ||
| Q3 24 | $25.0M | $60.1M | ||
| Q2 24 | $25.9M | $46.8M | ||
| Q1 24 | $25.7M | $45.1M |
| Q4 25 | $2.1M | $-2.6M | ||
| Q3 25 | $2.3M | $-4.2M | ||
| Q2 25 | $729.3K | $-2.7M | ||
| Q1 25 | $2.5M | $-4.8M | ||
| Q4 24 | $2.0M | $-2.2M | ||
| Q3 24 | $3.1M | $-7.0M | ||
| Q2 24 | $830.4K | $-12.8M | ||
| Q1 24 | $1.9M | $-13.2M |
| Q4 25 | 13.5% | -1.9% | ||
| Q3 25 | 14.1% | -0.6% | ||
| Q2 25 | 5.3% | 4.8% | ||
| Q1 25 | 15.2% | -17.2% | ||
| Q4 24 | 11.9% | 2.6% | ||
| Q3 24 | 21.0% | -0.6% | ||
| Q2 24 | 7.4% | -16.4% | ||
| Q1 24 | 16.8% | -16.7% |
| Q4 25 | 8.0% | -5.1% | ||
| Q3 25 | 8.7% | -8.0% | ||
| Q2 25 | 2.7% | -4.4% | ||
| Q1 25 | 9.2% | -11.8% | ||
| Q4 24 | 7.9% | -3.8% | ||
| Q3 24 | 12.6% | -11.7% | ||
| Q2 24 | 3.2% | -27.4% | ||
| Q1 24 | 7.3% | -29.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | — | $-0.12 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.11 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.57 | ||
| Q1 24 | — | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $176.9M | $-18.2M |
| Total Assets | $217.2M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $10.5M | ||
| Q3 25 | $122.0K | $8.1M | ||
| Q2 25 | $56.5M | $9.1M | ||
| Q1 25 | $123.0K | $5.9M | ||
| Q4 24 | $121.0K | $12.4M | ||
| Q3 24 | $136.0K | $10.1M | ||
| Q2 24 | $56.5M | $9.3M | ||
| Q1 24 | $134.0K | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $-18.2M | ||
| Q3 25 | $174.9M | $-12.1M | ||
| Q2 25 | $172.6M | $-7.7M | ||
| Q1 25 | $171.9M | $-8.1M | ||
| Q4 24 | $169.8M | $-4.4M | ||
| Q3 24 | $168.7M | $1.6M | ||
| Q2 24 | $166.0M | $6.5M | ||
| Q1 24 | $165.8M | $18.0M |
| Q4 25 | $217.2M | $434.9M | ||
| Q3 25 | $218.4M | $435.2M | ||
| Q2 25 | $216.9M | $438.1M | ||
| Q1 25 | $214.9M | $441.0M | ||
| Q4 24 | $208.0M | $471.0M | ||
| Q3 24 | $212.3M | $495.7M | ||
| Q2 24 | $214.2M | $494.9M | ||
| Q1 24 | $209.6M | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | $-227.0K | $4.1M |
| FCF MarginFCF / Revenue | -0.9% | 8.2% |
| Capex IntensityCapex / Revenue | 1.6% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $4.3M | ||
| Q3 25 | $1.7M | $295.0K | ||
| Q2 25 | $4.2M | $1.6M | ||
| Q1 25 | $3.1M | $-7.7M | ||
| Q4 24 | $2.2M | $8.0M | ||
| Q3 24 | $1.7M | $1.3M | ||
| Q2 24 | $4.6M | $-10.4M | ||
| Q1 24 | $2.8M | $-2.8M |
| Q4 25 | $-227.0K | $4.1M | ||
| Q3 25 | $-177.0K | $-246.0K | ||
| Q2 25 | $3.6M | $1.2M | ||
| Q1 25 | $2.6M | $-8.0M | ||
| Q4 24 | $1.5M | $7.0M | ||
| Q3 24 | $-148.0K | $-1.1M | ||
| Q2 24 | $4.2M | $-10.6M | ||
| Q1 24 | $2.6M | $-4.7M |
| Q4 25 | -0.9% | 8.2% | ||
| Q3 25 | -0.7% | -0.5% | ||
| Q2 25 | 13.1% | 1.9% | ||
| Q1 25 | 9.4% | -19.8% | ||
| Q4 24 | 6.0% | 12.0% | ||
| Q3 24 | -0.6% | -1.8% | ||
| Q2 24 | 16.1% | -22.7% | ||
| Q1 24 | 10.2% | -10.4% |
| Q4 25 | 1.6% | 0.3% | ||
| Q3 25 | 7.2% | 1.0% | ||
| Q2 25 | 2.4% | 0.6% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 3.0% | 1.7% | ||
| Q3 24 | 7.2% | 4.0% | ||
| Q2 24 | 1.6% | 0.5% | ||
| Q1 24 | 0.7% | 4.3% |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.75× | — | ||
| 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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
