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Side-by-side financial comparison of FONAR CORP (FONR) and Snail, Inc. (SNAL). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $25.1M, roughly 1.0× Snail, Inc.). FONAR CORP runs the higher net margin — 8.0% vs -3.4%, a 11.5% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -4.2%). Over the past eight quarters, Snail, Inc.'s revenue compounded faster (33.4% 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.

Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....

FONR vs SNAL — Head-to-Head

Bigger by revenue
FONR
FONR
1.0× larger
FONR
$25.5M
$25.1M
SNAL
Growing faster (revenue YoY)
FONR
FONR
+6.6% gap
FONR
2.4%
-4.2%
SNAL
Higher net margin
FONR
FONR
11.5% more per $
FONR
8.0%
-3.4%
SNAL
Faster 2-yr revenue CAGR
SNAL
SNAL
Annualised
SNAL
33.4%
-0.3%
FONR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
SNAL
SNAL
Revenue
$25.5M
$25.1M
Net Profit
$2.1M
$-862.2K
Gross Margin
38.3%
Operating Margin
13.5%
-6.0%
Net Margin
8.0%
-3.4%
Revenue YoY
2.4%
-4.2%
Net Profit YoY
4.7%
-177.0%
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.

Revenue
FONR
FONR
SNAL
SNAL
Q4 25
$25.5M
$25.1M
Q3 25
$26.0M
$13.8M
Q2 25
$27.3M
$22.2M
Q1 25
$27.2M
$20.1M
Q4 24
$24.9M
$26.2M
Q3 24
$25.0M
$22.5M
Q2 24
$25.9M
$21.6M
Q1 24
$25.7M
$14.1M
Net Profit
FONR
FONR
SNAL
SNAL
Q4 25
$2.1M
$-862.2K
Q3 25
$2.3M
$-7.9M
Q2 25
$729.3K
$-16.6M
Q1 25
$2.5M
$-1.9M
Q4 24
$2.0M
$1.1M
Q3 24
$3.1M
$235.1K
Q2 24
$830.4K
$2.3M
Q1 24
$1.9M
$-1.8M
Gross Margin
FONR
FONR
SNAL
SNAL
Q4 25
38.3%
Q3 25
0.1%
Q2 25
31.3%
Q1 25
29.1%
Q4 24
43.3%
Q3 24
38.6%
Q2 24
37.5%
Q1 24
14.7%
Operating Margin
FONR
FONR
SNAL
SNAL
Q4 25
13.5%
-6.0%
Q3 25
14.1%
-71.3%
Q2 25
5.3%
-8.2%
Q1 25
15.2%
-20.4%
Q4 24
11.9%
11.5%
Q3 24
21.0%
1.8%
Q2 24
7.4%
12.4%
Q1 24
16.8%
-15.6%
Net Margin
FONR
FONR
SNAL
SNAL
Q4 25
8.0%
-3.4%
Q3 25
8.7%
-56.9%
Q2 25
2.7%
-74.7%
Q1 25
9.2%
-9.7%
Q4 24
7.9%
4.3%
Q3 24
12.6%
1.0%
Q2 24
3.2%
10.4%
Q1 24
7.3%
-12.6%
EPS (diluted)
FONR
FONR
SNAL
SNAL
Q4 25
Q3 25
Q2 25
$-0.44
Q1 25
$-0.06
Q4 24
$0.03
Q3 24
$0.01
Q2 24
$0.06
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
FONR
FONR
SNAL
SNAL
Cash + ST InvestmentsLiquidity on hand
$121.0K
$8.6M
Total DebtLower is stronger
$14.6M
Stockholders' EquityBook value
$176.9M
$-16.4M
Total Assets
$217.2M
$59.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
SNAL
SNAL
Q4 25
$121.0K
$8.6M
Q3 25
$122.0K
$12.3M
Q2 25
$56.5M
$7.9M
Q1 25
$123.0K
$9.4M
Q4 24
$121.0K
$7.3M
Q3 24
$136.0K
$10.6M
Q2 24
$56.5M
$15.5M
Q1 24
$134.0K
$16.1M
Total Debt
FONR
FONR
SNAL
SNAL
Q4 25
$14.6M
Q3 25
$10.5M
Q2 25
$11.8M
Q1 25
$9.0M
Q4 24
$5.7M
Q3 24
$5.7M
Q2 24
$66.9K
$5.8M
Q1 24
$6.5M
Stockholders' Equity
FONR
FONR
SNAL
SNAL
Q4 25
$176.9M
$-16.4M
Q3 25
$174.9M
$-15.6M
Q2 25
$172.6M
$-8.0M
Q1 25
$171.9M
$9.1M
Q4 24
$169.8M
$9.7M
Q3 24
$168.7M
$8.2M
Q2 24
$166.0M
$7.9M
Q1 24
$165.8M
$5.6M
Total Assets
FONR
FONR
SNAL
SNAL
Q4 25
$217.2M
$59.3M
Q3 25
$218.4M
$51.1M
Q2 25
$216.9M
$58.0M
Q1 25
$214.9M
$64.5M
Q4 24
$208.0M
$62.2M
Q3 24
$212.3M
$66.8M
Q2 24
$214.2M
$75.4M
Q1 24
$209.6M
$78.3M
Debt / Equity
FONR
FONR
SNAL
SNAL
Q4 25
Q3 25
Q2 25
Q1 25
0.99×
Q4 24
0.59×
Q3 24
0.70×
Q2 24
0.00×
0.73×
Q1 24
1.16×

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
SNAL
SNAL
Operating Cash FlowLast quarter
$171.0K
$-5.3M
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.

Operating Cash Flow
FONR
FONR
SNAL
SNAL
Q4 25
$171.0K
$-5.3M
Q3 25
$1.7M
$6.6M
Q2 25
$4.2M
$-3.2M
Q1 25
$3.1M
$764.5K
Q4 24
$2.2M
$-3.6M
Q3 24
$1.7M
$-5.0M
Q2 24
$4.6M
$206.6K
Q1 24
$2.8M
$6.8M
Free Cash Flow
FONR
FONR
SNAL
SNAL
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
FCF Margin
FONR
FONR
SNAL
SNAL
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%
Capex Intensity
FONR
FONR
SNAL
SNAL
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%
Cash Conversion
FONR
FONR
SNAL
SNAL
Q4 25
0.08×
Q3 25
0.75×
Q2 25
5.79×
Q1 25
1.26×
Q4 24
1.14×
-3.21×
Q3 24
0.53×
-21.05×
Q2 24
5.54×
0.09×
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%

SNAL
SNAL

Pc$14.7M59%
Platform Three$5.2M21%
Platform Two$3.3M13%
Sales Channel Directly To Consumer Mobile Sale$1.6M6%

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