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Side-by-side financial comparison of FONAR CORP (FONR) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $25.5M, roughly 1.3× FONAR CORP). Spok Holdings, Inc runs the higher net margin — 8.7% vs 8.0%, a 0.6% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-227.0K). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
FONR vs SPOK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $33.9M |
| Net Profit | $2.1M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | 13.5% | 11.6% |
| Net Margin | 8.0% | 8.7% |
| Revenue YoY | 2.4% | -0.1% |
| Net Profit YoY | 4.7% | -19.6% |
| EPS (diluted) | — | $0.13 |
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 | $33.9M | ||
| Q3 25 | $26.0M | $33.9M | ||
| Q2 25 | $27.3M | $35.7M | ||
| Q1 25 | $27.2M | $36.3M | ||
| Q4 24 | $24.9M | $33.9M | ||
| Q3 24 | $25.0M | $34.9M | ||
| Q2 24 | $25.9M | $34.0M | ||
| Q1 24 | $25.7M | $34.9M |
| Q4 25 | $2.1M | $2.9M | ||
| Q3 25 | $2.3M | $3.2M | ||
| Q2 25 | $729.3K | $4.6M | ||
| Q1 25 | $2.5M | $5.2M | ||
| Q4 24 | $2.0M | $3.6M | ||
| Q3 24 | $3.1M | $3.7M | ||
| Q2 24 | $830.4K | $3.4M | ||
| Q1 24 | $1.9M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 13.5% | 11.6% | ||
| Q3 25 | 14.1% | 12.9% | ||
| Q2 25 | 5.3% | 15.1% | ||
| Q1 25 | 15.2% | 16.6% | ||
| Q4 24 | 11.9% | 13.7% | ||
| Q3 24 | 21.0% | 14.2% | ||
| Q2 24 | 7.4% | 13.2% | ||
| Q1 24 | 16.8% | 14.0% |
| Q4 25 | 8.0% | 8.7% | ||
| Q3 25 | 8.7% | 9.5% | ||
| Q2 25 | 2.7% | 12.8% | ||
| Q1 25 | 9.2% | 14.3% | ||
| Q4 24 | 7.9% | 10.8% | ||
| Q3 24 | 12.6% | 10.5% | ||
| Q2 24 | 3.2% | 10.1% | ||
| Q1 24 | 7.3% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $146.4M |
| Total Assets | $217.2M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $25.3M | ||
| Q3 25 | $122.0K | $21.4M | ||
| Q2 25 | $56.5M | $20.2M | ||
| Q1 25 | $123.0K | $19.9M | ||
| Q4 24 | $121.0K | $29.1M | ||
| Q3 24 | $136.0K | $27.8M | ||
| Q2 24 | $56.5M | $23.9M | ||
| Q1 24 | $134.0K | $23.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $146.4M | ||
| Q3 25 | $174.9M | $148.7M | ||
| Q2 25 | $172.6M | $150.9M | ||
| Q1 25 | $171.9M | $151.7M | ||
| Q4 24 | $169.8M | $154.7M | ||
| Q3 24 | $168.7M | $156.3M | ||
| Q2 24 | $166.0M | $158.2M | ||
| Q1 24 | $165.8M | $160.2M |
| Q4 25 | $217.2M | $206.1M | ||
| Q3 25 | $218.4M | $209.7M | ||
| Q2 25 | $216.9M | $208.7M | ||
| Q1 25 | $214.9M | $204.5M | ||
| Q4 24 | $208.0M | $217.1M | ||
| Q3 24 | $212.3M | $216.8M | ||
| Q2 24 | $214.2M | $216.4M | ||
| Q1 24 | $209.6M | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | $-227.0K | $10.1M |
| FCF MarginFCF / Revenue | -0.9% | 29.9% |
| Capex IntensityCapex / Revenue | 1.6% | 4.1% |
| Cash ConversionOCF / Net Profit | 0.08× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $11.5M | ||
| Q3 25 | $1.7M | $8.1M | ||
| Q2 25 | $4.2M | $7.0M | ||
| Q1 25 | $3.1M | $2.3M | ||
| Q4 24 | $2.2M | $8.4M | ||
| Q3 24 | $1.7M | $11.1M | ||
| Q2 24 | $4.6M | $7.4M | ||
| Q1 24 | $2.8M | $2.0M |
| Q4 25 | $-227.0K | $10.1M | ||
| Q3 25 | $-177.0K | $7.6M | ||
| Q2 25 | $3.6M | $6.0M | ||
| Q1 25 | $2.6M | $1.5M | ||
| Q4 24 | $1.5M | $7.5M | ||
| Q3 24 | $-148.0K | $10.3M | ||
| Q2 24 | $4.2M | $6.8M | ||
| Q1 24 | $2.6M | $1.1M |
| Q4 25 | -0.9% | 29.9% | ||
| Q3 25 | -0.7% | 22.4% | ||
| Q2 25 | 13.1% | 16.8% | ||
| Q1 25 | 9.4% | 4.2% | ||
| Q4 24 | 6.0% | 22.3% | ||
| Q3 24 | -0.6% | 29.4% | ||
| Q2 24 | 16.1% | 20.0% | ||
| Q1 24 | 10.2% | 3.2% |
| Q4 25 | 1.6% | 4.1% | ||
| Q3 25 | 7.2% | 1.6% | ||
| Q2 25 | 2.4% | 2.9% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 3.0% | 2.5% | ||
| Q3 24 | 7.2% | 2.4% | ||
| Q2 24 | 1.6% | 1.9% | ||
| Q1 24 | 0.7% | 2.5% |
| Q4 25 | 0.08× | 3.93× | ||
| Q3 25 | 0.75× | 2.54× | ||
| Q2 25 | 5.79× | 1.55× | ||
| Q1 25 | 1.26× | 0.43× | ||
| Q4 24 | 1.14× | 2.31× | ||
| Q3 24 | 0.53× | 3.03× | ||
| Q2 24 | 5.54× | 2.17× | ||
| Q1 24 | 1.50× | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
