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Side-by-side financial comparison of FONAR CORP (FONR) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.
SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $25.5M, roughly 1.2× FONAR CORP). FONAR CORP runs the higher net margin — 8.0% vs -12.9%, a 20.9% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -9.5%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-1.5M). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -7.7%).
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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
FONR vs SYPR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $30.3M |
| Net Profit | $2.1M | $-3.9M |
| Gross Margin | — | 4.6% |
| Operating Margin | 13.5% | -10.9% |
| Net Margin | 8.0% | -12.9% |
| Revenue YoY | 2.4% | -9.5% |
| Net Profit YoY | 4.7% | -2992.6% |
| EPS (diluted) | — | $-0.17 |
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 | $30.3M | ||
| Q3 25 | $26.0M | $28.7M | ||
| Q2 25 | $27.3M | $31.4M | ||
| Q1 25 | $27.2M | $29.5M | ||
| Q4 24 | $24.9M | $33.4M | ||
| Q3 24 | $25.0M | $35.7M | ||
| Q2 24 | $25.9M | $35.5M | ||
| Q1 24 | $25.7M | $35.6M |
| Q4 25 | $2.1M | $-3.9M | ||
| Q3 25 | $2.3M | $517.0K | ||
| Q2 25 | $729.3K | $-2.1M | ||
| Q1 25 | $2.5M | $-899.0K | ||
| Q4 24 | $2.0M | $135.0K | ||
| Q3 24 | $3.1M | $390.0K | ||
| Q2 24 | $830.4K | $16.0K | ||
| Q1 24 | $1.9M | $-2.2M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | 13.5% | -10.9% | ||
| Q3 25 | 14.1% | -6.1% | ||
| Q2 25 | 5.3% | -4.6% | ||
| Q1 25 | 15.2% | -0.4% | ||
| Q4 24 | 11.9% | 3.9% | ||
| Q3 24 | 21.0% | 4.8% | ||
| Q2 24 | 7.4% | 3.6% | ||
| Q1 24 | 16.8% | -3.9% |
| Q4 25 | 8.0% | -12.9% | ||
| Q3 25 | 8.7% | 1.8% | ||
| Q2 25 | 2.7% | -6.5% | ||
| Q1 25 | 9.2% | -3.0% | ||
| Q4 24 | 7.9% | 0.4% | ||
| Q3 24 | 12.6% | 1.1% | ||
| Q2 24 | 3.2% | 0.0% | ||
| Q1 24 | 7.3% | -6.2% |
| Q4 25 | — | $-0.17 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $0.02 | ||
| Q2 24 | — | $0.00 | ||
| Q1 24 | — | $-0.10 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $17.8M |
| Total Assets | $217.2M | $107.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | — | ||
| Q3 25 | $122.0K | — | ||
| Q2 25 | $56.5M | — | ||
| Q1 25 | $123.0K | — | ||
| Q4 24 | $121.0K | — | ||
| Q3 24 | $136.0K | — | ||
| Q2 24 | $56.5M | — | ||
| Q1 24 | $134.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $17.8M | ||
| Q3 25 | $174.9M | $20.0M | ||
| Q2 25 | $172.6M | $18.7M | ||
| Q1 25 | $171.9M | $19.0M | ||
| Q4 24 | $169.8M | $19.6M | ||
| Q3 24 | $168.7M | $18.2M | ||
| Q2 24 | $166.0M | $19.0M | ||
| Q1 24 | $165.8M | $20.8M |
| Q4 25 | $217.2M | $107.8M | ||
| Q3 25 | $218.4M | $112.5M | ||
| Q2 25 | $216.9M | $105.8M | ||
| Q1 25 | $214.9M | $110.2M | ||
| Q4 24 | $208.0M | $119.4M | ||
| Q3 24 | $212.3M | $121.6M | ||
| Q2 24 | $214.2M | $124.2M | ||
| Q1 24 | $209.6M | $129.0M |
| 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 | $-1.1M |
| Free Cash FlowOCF − Capex | $-227.0K | $-1.5M |
| FCF MarginFCF / Revenue | -0.9% | -5.0% |
| Capex IntensityCapex / Revenue | 1.6% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $-1.1M | ||
| Q3 25 | $1.7M | $-178.0K | ||
| Q2 25 | $4.2M | $1.1M | ||
| Q1 25 | $3.1M | $-5.5M | ||
| Q4 24 | $2.2M | $2.3M | ||
| Q3 24 | $1.7M | $-4.8M | ||
| Q2 24 | $4.6M | $6.2M | ||
| Q1 24 | $2.8M | $-1.7M |
| Q4 25 | $-227.0K | $-1.5M | ||
| Q3 25 | $-177.0K | $-390.0K | ||
| Q2 25 | $3.6M | $941.0K | ||
| Q1 25 | $2.6M | $-5.5M | ||
| Q4 24 | $1.5M | $1.9M | ||
| Q3 24 | $-148.0K | $-4.9M | ||
| Q2 24 | $4.2M | $6.0M | ||
| Q1 24 | $2.6M | $-2.0M |
| Q4 25 | -0.9% | -5.0% | ||
| Q3 25 | -0.7% | -1.4% | ||
| Q2 25 | 13.1% | 3.0% | ||
| Q1 25 | 9.4% | -18.8% | ||
| Q4 24 | 6.0% | 5.7% | ||
| Q3 24 | -0.6% | -13.8% | ||
| Q2 24 | 16.1% | 16.8% | ||
| Q1 24 | 10.2% | -5.7% |
| Q4 25 | 1.6% | 1.3% | ||
| Q3 25 | 7.2% | 0.7% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 3.0% | 1.2% | ||
| Q3 24 | 7.2% | 0.4% | ||
| Q2 24 | 1.6% | 0.5% | ||
| Q1 24 | 0.7% | 0.9% |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.75× | -0.34× | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.14× | 17.13× | ||
| Q3 24 | 0.53× | -12.21× | ||
| Q2 24 | 5.54× | 385.25× | ||
| 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% |
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
