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Side-by-side financial comparison of FONAR CORP (FONR) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $24.5M, roughly 1.0× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs 8.0%, a 9.6% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -0.7%). Over the past eight quarters, FONAR CORP's revenue compounded faster (-0.3% CAGR vs -1.3%).

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.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

FONR vs UHT — Head-to-Head

Bigger by revenue
FONR
FONR
1.0× larger
FONR
$25.5M
$24.5M
UHT
Growing faster (revenue YoY)
FONR
FONR
+3.1% gap
FONR
2.4%
-0.7%
UHT
Higher net margin
UHT
UHT
9.6% more per $
UHT
17.7%
8.0%
FONR
Faster 2-yr revenue CAGR
FONR
FONR
Annualised
FONR
-0.3%
-1.3%
UHT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FONR
FONR
UHT
UHT
Revenue
$25.5M
$24.5M
Net Profit
$2.1M
$4.3M
Gross Margin
Operating Margin
13.5%
34.7%
Net Margin
8.0%
17.7%
Revenue YoY
2.4%
-0.7%
Net Profit YoY
4.7%
-7.2%
EPS (diluted)
$0.32

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
UHT
UHT
Q4 25
$25.5M
$24.5M
Q3 25
$26.0M
$25.3M
Q2 25
$27.3M
$24.9M
Q1 25
$27.2M
$24.5M
Q4 24
$24.9M
$24.6M
Q3 24
$25.0M
$24.5M
Q2 24
$25.9M
$24.7M
Q1 24
$25.7M
$25.1M
Net Profit
FONR
FONR
UHT
UHT
Q4 25
$2.1M
$4.3M
Q3 25
$2.3M
$4.0M
Q2 25
$729.3K
$4.5M
Q1 25
$2.5M
$4.8M
Q4 24
$2.0M
$4.7M
Q3 24
$3.1M
$4.0M
Q2 24
$830.4K
$5.3M
Q1 24
$1.9M
$5.3M
Operating Margin
FONR
FONR
UHT
UHT
Q4 25
13.5%
34.7%
Q3 25
14.1%
33.2%
Q2 25
5.3%
35.6%
Q1 25
15.2%
36.8%
Q4 24
11.9%
37.6%
Q3 24
21.0%
34.7%
Q2 24
7.4%
38.7%
Q1 24
16.8%
37.6%
Net Margin
FONR
FONR
UHT
UHT
Q4 25
8.0%
17.7%
Q3 25
8.7%
15.9%
Q2 25
2.7%
18.1%
Q1 25
9.2%
19.5%
Q4 24
7.9%
18.9%
Q3 24
12.6%
16.3%
Q2 24
3.2%
21.3%
Q1 24
7.3%
21.1%
EPS (diluted)
FONR
FONR
UHT
UHT
Q4 25
$0.32
Q3 25
$0.29
Q2 25
$0.32
Q1 25
$0.34
Q4 24
$0.34
Q3 24
$0.29
Q2 24
$0.38
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
FONR
FONR
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$121.0K
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$176.9M
$152.4M
Total Assets
$217.2M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
UHT
UHT
Q4 25
$121.0K
$6.7M
Q3 25
$122.0K
$6.9M
Q2 25
$56.5M
$6.6M
Q1 25
$123.0K
$7.0M
Q4 24
$121.0K
$7.1M
Q3 24
$136.0K
$6.4M
Q2 24
$56.5M
$5.6M
Q1 24
$134.0K
$7.7M
Total Debt
FONR
FONR
UHT
UHT
Q4 25
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
$66.9K
Q1 24
Stockholders' Equity
FONR
FONR
UHT
UHT
Q4 25
$176.9M
$152.4M
Q3 25
$174.9M
$158.6M
Q2 25
$172.6M
$165.2M
Q1 25
$171.9M
$172.2M
Q4 24
$169.8M
$179.5M
Q3 24
$168.7M
$181.6M
Q2 24
$166.0M
$190.7M
Q1 24
$165.8M
$196.5M
Total Assets
FONR
FONR
UHT
UHT
Q4 25
$217.2M
$564.9M
Q3 25
$218.4M
$568.0M
Q2 25
$216.9M
$573.0M
Q1 25
$214.9M
$573.5M
Q4 24
$208.0M
$580.9M
Q3 24
$212.3M
$584.3M
Q2 24
$214.2M
$586.6M
Q1 24
$209.6M
$596.2M
Debt / Equity
FONR
FONR
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
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
UHT
UHT
Operating Cash FlowLast quarter
$171.0K
$49.1M
Free Cash FlowOCF − Capex
$-227.0K
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.08×
11.35×
TTM Free Cash FlowTrailing 4 quarters
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
UHT
UHT
Q4 25
$171.0K
$49.1M
Q3 25
$1.7M
$10.2M
Q2 25
$4.2M
$13.7M
Q1 25
$3.1M
$11.6M
Q4 24
$2.2M
$46.9M
Q3 24
$1.7M
$9.9M
Q2 24
$4.6M
$12.1M
Q1 24
$2.8M
$11.7M
Free Cash Flow
FONR
FONR
UHT
UHT
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
UHT
UHT
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
UHT
UHT
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
UHT
UHT
Q4 25
0.08×
11.35×
Q3 25
0.75×
2.54×
Q2 25
5.79×
3.05×
Q1 25
1.26×
2.43×
Q4 24
1.14×
10.06×
Q3 24
0.53×
2.48×
Q2 24
5.54×
2.30×
Q1 24
1.50×
2.21×

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%

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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