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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and MASIMO CORP (MASI). Click either name above to swap in a different company.

Allegiant Travel CO is the larger business by last-quarter revenue ($595.5M vs $371.5M, roughly 1.6× MASIMO CORP). Allegiant Travel CO runs the higher net margin — 5.4% vs -27.0%, a 32.4% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (7.6% vs -26.4%). Allegiant Travel CO produced more free cash flow last quarter ($90.4M vs $50.9M). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (1.3% CAGR vs -17.7%).

Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.

Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.

ALGT vs MASI — Head-to-Head

Bigger by revenue
ALGT
ALGT
1.6× larger
ALGT
$595.5M
$371.5M
MASI
Growing faster (revenue YoY)
ALGT
ALGT
+33.9% gap
ALGT
7.6%
-26.4%
MASI
Higher net margin
ALGT
ALGT
32.4% more per $
ALGT
5.4%
-27.0%
MASI
More free cash flow
ALGT
ALGT
$39.5M more FCF
ALGT
$90.4M
$50.9M
MASI
Faster 2-yr revenue CAGR
ALGT
ALGT
Annualised
ALGT
1.3%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALGT
ALGT
MASI
MASI
Revenue
$595.5M
$371.5M
Net Profit
$31.9M
$-100.4M
Gross Margin
62.1%
Operating Margin
11.2%
22.5%
Net Margin
5.4%
-27.0%
Revenue YoY
7.6%
-26.4%
Net Profit YoY
114.8%
-1124.5%
EPS (diluted)
$1.82
$-1.84

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
ALGT
ALGT
MASI
MASI
Q4 25
$595.5M
Q3 25
$494.1M
$371.5M
Q2 25
$617.9M
$370.9M
Q1 25
$616.8M
$372.0M
Q4 24
$553.6M
$600.7M
Q3 24
$489.0M
$504.6M
Q2 24
$594.5M
$496.3M
Q1 24
$579.9M
$492.8M
Net Profit
ALGT
ALGT
MASI
MASI
Q4 25
$31.9M
Q3 25
$-43.6M
$-100.4M
Q2 25
$-65.2M
$51.3M
Q1 25
$32.1M
$-170.7M
Q4 24
$-216.2M
$-349.6M
Q3 24
$-36.8M
$9.8M
Q2 24
$13.7M
$16.0M
Q1 24
$-919.0K
$18.9M
Gross Margin
ALGT
ALGT
MASI
MASI
Q4 25
Q3 25
62.1%
Q2 25
62.9%
Q1 25
62.9%
Q4 24
40.7%
Q3 24
52.2%
Q2 24
51.3%
Q1 24
49.0%
Operating Margin
ALGT
ALGT
MASI
MASI
Q4 25
11.2%
Q3 25
-5.5%
22.5%
Q2 25
-10.9%
17.4%
Q1 25
10.5%
21.0%
Q4 24
-47.7%
-59.8%
Q3 24
-5.4%
6.0%
Q2 24
5.9%
5.7%
Q1 24
2.7%
6.9%
Net Margin
ALGT
ALGT
MASI
MASI
Q4 25
5.4%
Q3 25
-8.8%
-27.0%
Q2 25
-10.5%
13.8%
Q1 25
5.2%
-45.9%
Q4 24
-39.1%
-58.2%
Q3 24
-7.5%
1.9%
Q2 24
2.3%
3.2%
Q1 24
-0.2%
3.8%
EPS (diluted)
ALGT
ALGT
MASI
MASI
Q4 25
$1.82
Q3 25
$-2.41
$-1.84
Q2 25
$-3.62
$0.94
Q1 25
$1.73
$-3.12
Q4 24
$-12.12
$-6.54
Q3 24
$-2.05
$0.18
Q2 24
$0.75
$0.29
Q1 24
$-0.07
$0.35

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$805.7M
$312.3M
Total DebtLower is stronger
$1.7B
$559.1M
Stockholders' EquityBook value
$1.1B
$810.0M
Total Assets
$4.2B
$1.8B
Debt / EquityLower = less leverage
1.60×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
MASI
MASI
Q4 25
$805.7M
Q3 25
$956.7M
$312.3M
Q2 25
$842.8M
$149.6M
Q1 25
$878.6M
$130.8M
Q4 24
$781.1M
$177.6M
Q3 24
$759.3M
$158.5M
Q2 24
$791.9M
$129.6M
Q1 24
$809.9M
$157.6M
Total Debt
ALGT
ALGT
MASI
MASI
Q4 25
$1.7B
Q3 25
$1.8B
$559.1M
Q2 25
$1.8B
$613.7M
Q1 25
$1.7B
$651.0M
Q4 24
$1.6B
$765.2M
Q3 24
$1.8B
$772.6M
Q2 24
$1.7B
$781.6M
Q1 24
$1.8B
$876.0M
Stockholders' Equity
ALGT
ALGT
MASI
MASI
Q4 25
$1.1B
Q3 25
$1.0B
$810.0M
Q2 25
$1.1B
$1.0B
Q1 25
$1.1B
$946.4M
Q4 24
$1.1B
$1.1B
Q3 24
$1.3B
$1.5B
Q2 24
$1.3B
$1.4B
Q1 24
$1.3B
$1.4B
Total Assets
ALGT
ALGT
MASI
MASI
Q4 25
$4.2B
Q3 25
$4.4B
$1.8B
Q2 25
$4.4B
$2.4B
Q1 25
$4.5B
$2.3B
Q4 24
$4.4B
$2.6B
Q3 24
$4.8B
$3.1B
Q2 24
$4.9B
$2.9B
Q1 24
$4.9B
$3.0B
Debt / Equity
ALGT
ALGT
MASI
MASI
Q4 25
1.60×
Q3 25
1.76×
0.69×
Q2 25
1.68×
0.59×
Q1 25
1.57×
0.69×
Q4 24
1.48×
0.73×
Q3 24
1.36×
0.53×
Q2 24
1.30×
0.57×
Q1 24
1.35×
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGT
ALGT
MASI
MASI
Operating Cash FlowLast quarter
$112.2M
$56.8M
Free Cash FlowOCF − Capex
$90.4M
$50.9M
FCF MarginFCF / Revenue
15.2%
13.7%
Capex IntensityCapex / Revenue
3.7%
1.6%
Cash ConversionOCF / Net Profit
3.51×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
MASI
MASI
Q4 25
$112.2M
Q3 25
$-6.1M
$56.8M
Q2 25
$92.2M
$69.4M
Q1 25
$191.4M
$31.1M
Q4 24
$84.4M
$50.5M
Q3 24
$17.3M
$25.6M
Q2 24
$68.9M
$74.5M
Q1 24
$167.8M
$45.8M
Free Cash Flow
ALGT
ALGT
MASI
MASI
Q4 25
$90.4M
Q3 25
$-121.7M
$50.9M
Q2 25
$-10.5M
$65.6M
Q1 25
$116.9M
$28.5M
Q4 24
$24.0M
$46.0M
Q3 24
$-28.7M
$16.9M
Q2 24
$7.0M
$66.9M
Q1 24
$35.9M
$37.6M
FCF Margin
ALGT
ALGT
MASI
MASI
Q4 25
15.2%
Q3 25
-24.6%
13.7%
Q2 25
-1.7%
17.7%
Q1 25
19.0%
7.7%
Q4 24
4.3%
7.7%
Q3 24
-5.9%
3.3%
Q2 24
1.2%
13.5%
Q1 24
6.2%
7.6%
Capex Intensity
ALGT
ALGT
MASI
MASI
Q4 25
3.7%
Q3 25
23.4%
1.6%
Q2 25
16.6%
1.0%
Q1 25
12.1%
0.7%
Q4 24
10.9%
0.7%
Q3 24
9.4%
1.7%
Q2 24
10.4%
1.5%
Q1 24
22.7%
1.7%
Cash Conversion
ALGT
ALGT
MASI
MASI
Q4 25
3.51×
Q3 25
Q2 25
1.35×
Q1 25
5.96×
Q4 24
Q3 24
2.61×
Q2 24
5.03×
4.66×
Q1 24
2.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALGT
ALGT

Airrelatedrevenue$307.1M52%
Scheduled Service Revenue$267.1M45%
Cobrand Revenue$21.3M4%
Other$1.0K0%

MASI
MASI

Segment breakdown not available.

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