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Side-by-side financial comparison of FONAR CORP (FONR) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $25.5M, roughly 1.4× FONAR CORP). UNITY BANCORP INC runs the higher net margin — 43.9% vs 8.0%, a 35.8% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 2.4%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-227.0K). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
FONR vs UNTY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $35.3M |
| Net Profit | $2.1M | $15.5M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | 55.8% |
| Net Margin | 8.0% | 43.9% |
| Revenue YoY | 2.4% | 24.2% |
| Net Profit YoY | 4.7% | 34.5% |
| EPS (diluted) | — | $1.52 |
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 | $35.3M | ||
| Q3 25 | $26.0M | $32.8M | ||
| Q2 25 | $27.3M | $34.4M | ||
| Q1 25 | $27.2M | $29.4M | ||
| Q4 24 | $24.9M | $28.4M | ||
| Q3 24 | $25.0M | $27.7M | ||
| Q2 24 | $25.9M | $25.5M | ||
| Q1 24 | $25.7M | $25.6M |
| Q4 25 | $2.1M | $15.5M | ||
| Q3 25 | $2.3M | $14.4M | ||
| Q2 25 | $729.3K | $16.5M | ||
| Q1 25 | $2.5M | $11.6M | ||
| Q4 24 | $2.0M | $11.5M | ||
| Q3 24 | $3.1M | $10.9M | ||
| Q2 24 | $830.4K | $9.5M | ||
| Q1 24 | $1.9M | $9.6M |
| Q4 25 | 13.5% | 55.8% | ||
| Q3 25 | 14.1% | 57.5% | ||
| Q2 25 | 5.3% | 62.6% | ||
| Q1 25 | 15.2% | 52.6% | ||
| Q4 24 | 11.9% | 51.0% | ||
| Q3 24 | 21.0% | 52.7% | ||
| Q2 24 | 7.4% | 49.3% | ||
| Q1 24 | 16.8% | 50.0% |
| Q4 25 | 8.0% | 43.9% | ||
| Q3 25 | 8.7% | 43.8% | ||
| Q2 25 | 2.7% | 48.0% | ||
| Q1 25 | 9.2% | 39.5% | ||
| Q4 24 | 7.9% | 40.5% | ||
| Q3 24 | 12.6% | 39.4% | ||
| Q2 24 | 3.2% | 37.1% | ||
| Q1 24 | 7.3% | 37.5% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | — | $1.41 | ||
| Q2 25 | — | $1.61 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.92 | ||
| Q1 24 | — | $0.94 |
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 | $345.6M |
| Total Assets | $217.2M | $3.0B |
| 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 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $345.6M | ||
| Q3 25 | $174.9M | $334.0M | ||
| Q2 25 | $172.6M | $319.8M | ||
| Q1 25 | $171.9M | $306.1M | ||
| Q4 24 | $169.8M | $295.6M | ||
| Q3 24 | $168.7M | $284.3M | ||
| Q2 24 | $166.0M | $273.4M | ||
| Q1 24 | $165.8M | $266.8M |
| Q4 25 | $217.2M | $3.0B | ||
| Q3 25 | $218.4M | $2.9B | ||
| Q2 25 | $216.9M | $2.9B | ||
| Q1 25 | $214.9M | $2.8B | ||
| Q4 24 | $208.0M | $2.7B | ||
| Q3 24 | $212.3M | $2.6B | ||
| Q2 24 | $214.2M | $2.6B | ||
| Q1 24 | $209.6M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| 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 | $44.9M |
| Free Cash FlowOCF − Capex | $-227.0K | $44.3M |
| FCF MarginFCF / Revenue | -0.9% | 125.7% |
| Capex IntensityCapex / Revenue | 1.6% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.08× | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $44.9M | ||
| Q3 25 | $1.7M | $45.5M | ||
| Q2 25 | $4.2M | $-25.3M | ||
| Q1 25 | $3.1M | $17.9M | ||
| Q4 24 | $2.2M | $48.0M | ||
| Q3 24 | $1.7M | $17.7M | ||
| Q2 24 | $4.6M | $-8.4M | ||
| Q1 24 | $2.8M | $15.8M |
| Q4 25 | $-227.0K | $44.3M | ||
| Q3 25 | $-177.0K | $45.3M | ||
| Q2 25 | $3.6M | $-25.5M | ||
| Q1 25 | $2.6M | $17.6M | ||
| Q4 24 | $1.5M | $47.3M | ||
| Q3 24 | $-148.0K | $17.5M | ||
| Q2 24 | $4.2M | $-8.6M | ||
| Q1 24 | $2.6M | $15.7M |
| Q4 25 | -0.9% | 125.7% | ||
| Q3 25 | -0.7% | 138.1% | ||
| Q2 25 | 13.1% | -74.2% | ||
| Q1 25 | 9.4% | 59.9% | ||
| Q4 24 | 6.0% | 166.5% | ||
| Q3 24 | -0.6% | 63.3% | ||
| Q2 24 | 16.1% | -33.7% | ||
| Q1 24 | 10.2% | 61.4% |
| Q4 25 | 1.6% | 1.6% | ||
| Q3 25 | 7.2% | 0.7% | ||
| Q2 25 | 2.4% | 0.5% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 3.0% | 2.4% | ||
| Q3 24 | 7.2% | 0.5% | ||
| Q2 24 | 1.6% | 0.5% | ||
| Q1 24 | 0.7% | 0.3% |
| Q4 25 | 0.08× | 2.90× | ||
| Q3 25 | 0.75× | 3.16× | ||
| Q2 25 | 5.79× | -1.54× | ||
| Q1 25 | 1.26× | 1.54× | ||
| Q4 24 | 1.14× | 4.17× | ||
| Q3 24 | 0.53× | 1.62× | ||
| Q2 24 | 5.54× | -0.89× | ||
| Q1 24 | 1.50× | 1.64× |
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% |
UNTY
Segment breakdown not available.
