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FONAR Corporation(FONR)Earnings, Financials & Key Ratios
FONR•NASDAQ
$19.09
15.5× P/E·Price updated Jul 2, 2026
AboutFONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates through two segments, Medical Equipment segment, and Physician Management and Diagnostic services segment. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters and the development and implementation of practice growth and marketing strategies. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 39 MRI scanning facilities, including 25 facilities located in New York and 14 situated in Florida. It markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.Show more
- Revenue$104M+1.4%
- EBITDA$16M-22.9%
- Net Income$8M-21.1%
- EPS (Diluted)1.23-19.6%
- Gross Margin41.12%-6.3%
- EBITDA Margin15.62%-24.0%
- Operating Margin11.12%-30.8%
- Net Margin7.99%-22.2%
- ROE5.26%-23.4%
FONR Price & Volume
FONAR Corporation (FONR) stock price & volume — 10-year historical chart
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Stagnant Revenue Growth Masks Defensive Balance Sheet
Investment Thesis • Updated 2026Q3
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Regional regulatory reimbursement dependency
Key Thesis Takeaways
- FONAR Corporation maintains a highly conservative financial profile characterized by a 0.24 debt-to-equity ratio and significant liquidity, yet it struggles to translate this stability into meaningful top-line expansion.
- The company's reliance on a niche diagnostic imaging model in saturated regional markets has led to stagnant revenue growth, with the most recent quarter showing a 2.6% decline.
- Investors should monitor whether the firm can pivot from its current defensive capital allocation posture toward growth-oriented reinvestment, as current operating margins have compressed from 19.2% in 2024Q2 to 9.2% in 2026Q3.
Verdict Logic
while the company's $53.6 million cash position provides a strong safety net, the lack of growth and the 2.6% revenue decline in 2026Q3 suggest limited upside potential for shareholders.
FONR Growth Metrics
FONAR Corporation (FONR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.22%
5 Years4.02%
3 Years2.26%
TTM2.25%
Profit CAGR
10 Years-4.28%
5 Years0.23%
3 Years-12.5%
TTM-20.69%
EPS CAGR
10 Years-4.5%
5 Years-6.81%
3 Years-11.09%
TTM-19.35%
Return on Capital
10 Years14.51%
5 Years9.08%
3 Years7.52%
Last Year5.86%
FONR Recent Earnings
FONAR Corporation (FONR) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.24
—
Rev
$26M
—
Q1 2026
Feb 13, 2026Metric
Actual
Est
EPS
$0.31
—
Rev
$26M
—
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.34
—
Rev
$26M
—
Q4 2025
Sep 22, 2025Metric
Actual
Est
EPS
$0.11
—
Rev
$27M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.24 | $26M |
| Q1 2026 | Feb 13, 2026 | $0.31 | $26M |
| Q4 2025 | Nov 10, 2025 | $0.34 | $26M |
| Q4 2025 | Sep 22, 2025 | $0.11 | $27M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for FONAR Corporation (FONR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.09 | $117.84M | 15.52 | 1.43% | 7.99% | 5.26% | — | |
| $7.41 | $92.58M | -29.64 | 14.52% | -9.05% | -70.95% | — | |
| $14.59 | $439.08M | 13.51 | -7.72% | 5.27% | 16.51% | — | |
| $64.89 | $29.52B | 14.26 | 4.84% | 7.54% | 14.45% | — | |
| $28.23 | $26.88B | 26.56 | -1.04% | 5.49% | 8.96% | — | |
| $1.24 | $86.3M | -1.07 | 15.4% | -523.83% | -51.88% | — |
Compare FONR vs Peers
FONAR Corporation (FONR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FONR SEC Filings & Documents
FONAR Corporation (FONR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FONR Frequently Asked Questions
FONAR Corporation (FONR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is FONAR Corporation's revenue?
FONAR Corporation (FONR) reported $105.3M in revenue for fiscal year 2025. This represents a 704% increase from $13.1M in 1996.
How fast is FONAR Corporation growing?
FONAR Corporation (FONR) grew revenue by 1.4% over the past year. Growth has been modest.
Is FONR profitable?
Yes, FONAR Corporation (FONR) is profitable, generating $6.7M in net income for fiscal year 2025 (8.0% net margin).
Dividend & Returns
What is FONR's return on equity?
FONAR Corporation (FONR) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.
What is FONAR Corporation's free cash flow?
FONAR Corporation (FONR) generated $4.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.