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Side-by-side financial comparison of FONAR CORP (FONR) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $22.7M, roughly 1.1× R F INDUSTRIES LTD). FONAR CORP runs the higher net margin — 8.0% vs 0.8%, a 7.3% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 2.4%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-227.0K). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

FONR vs RFIL — Head-to-Head

Bigger by revenue
FONR
FONR
1.1× larger
FONR
$25.5M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+20.5% gap
RFIL
22.9%
2.4%
FONR
Higher net margin
FONR
FONR
7.3% more per $
FONR
8.0%
0.8%
RFIL
More free cash flow
RFIL
RFIL
$2.3M more FCF
RFIL
$2.0M
$-227.0K
FONR
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-0.3%
FONR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
RFIL
RFIL
Revenue
$25.5M
$22.7M
Net Profit
$2.1M
$173.0K
Gross Margin
36.8%
Operating Margin
13.5%
4.0%
Net Margin
8.0%
0.8%
Revenue YoY
2.4%
22.9%
Net Profit YoY
4.7%
172.7%
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.

Revenue
FONR
FONR
RFIL
RFIL
Q4 25
$25.5M
$22.7M
Q3 25
$26.0M
$19.8M
Q2 25
$27.3M
$18.9M
Q1 25
$27.2M
$19.2M
Q4 24
$24.9M
$18.5M
Q3 24
$25.0M
$16.8M
Q2 24
$25.9M
$16.1M
Q1 24
$25.7M
$13.5M
Net Profit
FONR
FONR
RFIL
RFIL
Q4 25
$2.1M
$173.0K
Q3 25
$2.3M
$392.0K
Q2 25
$729.3K
$-245.0K
Q1 25
$2.5M
$-245.0K
Q4 24
$2.0M
$-238.0K
Q3 24
$3.1M
$-705.0K
Q2 24
$830.4K
$-4.3M
Q1 24
$1.9M
$-1.4M
Gross Margin
FONR
FONR
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
FONR
FONR
RFIL
RFIL
Q4 25
13.5%
4.0%
Q3 25
14.1%
3.6%
Q2 25
5.3%
0.6%
Q1 25
15.2%
0.3%
Q4 24
11.9%
0.5%
Q3 24
21.0%
-2.5%
Q2 24
7.4%
-2.6%
Q1 24
16.8%
-15.5%
Net Margin
FONR
FONR
RFIL
RFIL
Q4 25
8.0%
0.8%
Q3 25
8.7%
2.0%
Q2 25
2.7%
-1.3%
Q1 25
9.2%
-1.3%
Q4 24
7.9%
-1.3%
Q3 24
12.6%
-4.2%
Q2 24
3.2%
-26.7%
Q1 24
7.3%
-10.1%
EPS (diluted)
FONR
FONR
RFIL
RFIL
Q4 25
$0.01
Q3 25
$0.04
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.07
Q2 24
$-0.41
Q1 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FONR
FONR
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$121.0K
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$176.9M
$35.2M
Total Assets
$217.2M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
RFIL
RFIL
Q4 25
$121.0K
$5.1M
Q3 25
$122.0K
$3.0M
Q2 25
$56.5M
$3.6M
Q1 25
$123.0K
$1.3M
Q4 24
$121.0K
$839.0K
Q3 24
$136.0K
$1.8M
Q2 24
$56.5M
$1.4M
Q1 24
$134.0K
$4.5M
Total Debt
FONR
FONR
RFIL
RFIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FONR
FONR
RFIL
RFIL
Q4 25
$176.9M
$35.2M
Q3 25
$174.9M
$34.8M
Q2 25
$172.6M
$34.2M
Q1 25
$171.9M
$34.2M
Q4 24
$169.8M
$34.1M
Q3 24
$168.7M
$34.1M
Q2 24
$166.0M
$34.6M
Q1 24
$165.8M
$38.7M
Total Assets
FONR
FONR
RFIL
RFIL
Q4 25
$217.2M
$73.0M
Q3 25
$218.4M
$73.2M
Q2 25
$216.9M
$72.7M
Q1 25
$214.9M
$70.4M
Q4 24
$208.0M
$71.0M
Q3 24
$212.3M
$71.9M
Q2 24
$214.2M
$72.8M
Q1 24
$209.6M
$79.1M
Debt / Equity
FONR
FONR
RFIL
RFIL
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
FONR
FONR
RFIL
RFIL
Operating Cash FlowLast quarter
$171.0K
$2.1M
Free Cash FlowOCF − Capex
$-227.0K
$2.0M
FCF MarginFCF / Revenue
-0.9%
9.0%
Capex IntensityCapex / Revenue
1.6%
0.3%
Cash ConversionOCF / Net Profit
0.08×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$5.7M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
RFIL
RFIL
Q4 25
$171.0K
$2.1M
Q3 25
$1.7M
$-311.0K
Q2 25
$4.2M
$2.2M
Q1 25
$3.1M
$601.0K
Q4 24
$2.2M
$-244.0K
Q3 24
$1.7M
$2.4M
Q2 24
$4.6M
$197.0K
Q1 24
$2.8M
$840.0K
Free Cash Flow
FONR
FONR
RFIL
RFIL
Q4 25
$-227.0K
$2.0M
Q3 25
$-177.0K
$-419.0K
Q2 25
$3.6M
$2.2M
Q1 25
$2.6M
$574.0K
Q4 24
$1.5M
$-418.0K
Q3 24
$-148.0K
$2.1M
Q2 24
$4.2M
$28.0K
Q1 24
$2.6M
$697.0K
FCF Margin
FONR
FONR
RFIL
RFIL
Q4 25
-0.9%
9.0%
Q3 25
-0.7%
-2.1%
Q2 25
13.1%
11.4%
Q1 25
9.4%
3.0%
Q4 24
6.0%
-2.3%
Q3 24
-0.6%
12.6%
Q2 24
16.1%
0.2%
Q1 24
10.2%
5.2%
Capex Intensity
FONR
FONR
RFIL
RFIL
Q4 25
1.6%
0.3%
Q3 25
7.2%
0.5%
Q2 25
2.4%
0.2%
Q1 25
2.2%
0.1%
Q4 24
3.0%
0.9%
Q3 24
7.2%
1.5%
Q2 24
1.6%
1.0%
Q1 24
0.7%
1.1%
Cash Conversion
FONR
FONR
RFIL
RFIL
Q4 25
0.08×
12.13×
Q3 25
0.75×
-0.79×
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
FONR

Managementof Diagnostic Imaging Centers$23.2M91%
Manufacturingand Servicingof Medical Equipment$2.4M9%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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