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Side-by-side financial comparison of Mission Produce, Inc. (AVO) and MASIMO CORP (MASI). Click either name above to swap in a different company.

MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $319.0M, roughly 1.2× Mission Produce, Inc.). Mission Produce, Inc. runs the higher net margin — 5.0% vs -27.0%, a 32.0% gap on every dollar of revenue. On growth, Mission Produce, Inc. posted the faster year-over-year revenue change (-10.0% vs -26.4%). Mission Produce, Inc. produced more free cash flow last quarter ($55.6M vs $50.9M). Over the past eight quarters, Mission Produce, Inc.'s revenue compounded faster (11.0% CAGR vs -17.7%).

Produce Co., Ltd. was a Japanese video game company. Founded on April 6, 1990 by former Irem employees, it developed a number of games for both Enix and Hudson Soft. Produce! have created games for arcades and for the Super Nintendo Entertainment System, Nintendo 64, PlayStation, and PC Engine systems.

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.

AVO vs MASI — Head-to-Head

Bigger by revenue
MASI
MASI
1.2× larger
MASI
$371.5M
$319.0M
AVO
Growing faster (revenue YoY)
AVO
AVO
+16.4% gap
AVO
-10.0%
-26.4%
MASI
Higher net margin
AVO
AVO
32.0% more per $
AVO
5.0%
-27.0%
MASI
More free cash flow
AVO
AVO
$4.7M more FCF
AVO
$55.6M
$50.9M
MASI
Faster 2-yr revenue CAGR
AVO
AVO
Annualised
AVO
11.0%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AVO
AVO
MASI
MASI
Revenue
$319.0M
$371.5M
Net Profit
$16.0M
$-100.4M
Gross Margin
17.5%
62.1%
Operating Margin
8.8%
22.5%
Net Margin
5.0%
-27.0%
Revenue YoY
-10.0%
-26.4%
Net Profit YoY
-7.5%
-1124.5%
EPS (diluted)
$0.23
$-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
AVO
AVO
MASI
MASI
Q4 25
$319.0M
Q3 25
$357.7M
$371.5M
Q2 25
$380.3M
$370.9M
Q1 25
$334.2M
$372.0M
Q4 24
$354.4M
$600.7M
Q3 24
$324.0M
$504.6M
Q2 24
$297.6M
$496.3M
Q1 24
$258.7M
$492.8M
Net Profit
AVO
AVO
MASI
MASI
Q4 25
$16.0M
Q3 25
$14.7M
$-100.4M
Q2 25
$3.1M
$51.3M
Q1 25
$3.9M
$-170.7M
Q4 24
$17.3M
$-349.6M
Q3 24
$12.4M
$9.8M
Q2 24
$7.0M
$16.0M
Q1 24
$0
$18.9M
Gross Margin
AVO
AVO
MASI
MASI
Q4 25
17.5%
Q3 25
12.6%
62.1%
Q2 25
7.5%
62.9%
Q1 25
9.4%
62.9%
Q4 24
15.7%
40.7%
Q3 24
11.4%
52.2%
Q2 24
10.4%
51.3%
Q1 24
11.1%
49.0%
Operating Margin
AVO
AVO
MASI
MASI
Q4 25
8.8%
Q3 25
5.9%
22.5%
Q2 25
1.8%
17.4%
Q1 25
2.8%
21.0%
Q4 24
8.1%
-59.8%
Q3 24
5.2%
6.0%
Q2 24
4.1%
5.7%
Q1 24
3.1%
6.9%
Net Margin
AVO
AVO
MASI
MASI
Q4 25
5.0%
Q3 25
4.1%
-27.0%
Q2 25
0.8%
13.8%
Q1 25
1.2%
-45.9%
Q4 24
4.9%
-58.2%
Q3 24
3.8%
1.9%
Q2 24
2.4%
3.2%
Q1 24
3.8%
EPS (diluted)
AVO
AVO
MASI
MASI
Q4 25
$0.23
Q3 25
$0.21
$-1.84
Q2 25
$0.04
$0.94
Q1 25
$0.05
$-3.12
Q4 24
$0.25
$-6.54
Q3 24
$0.17
$0.18
Q2 24
$0.10
$0.29
Q1 24
$0.00
$0.35

Balance Sheet & Financial Strength

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

Metric
AVO
AVO
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$64.8M
$312.3M
Total DebtLower is stronger
$95.8M
$559.1M
Stockholders' EquityBook value
$587.3M
$810.0M
Total Assets
$983.0M
$1.8B
Debt / EquityLower = less leverage
0.16×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVO
AVO
MASI
MASI
Q4 25
$64.8M
Q3 25
$43.7M
$312.3M
Q2 25
$36.7M
$149.6M
Q1 25
$40.1M
$130.8M
Q4 24
$58.0M
$177.6M
Q3 24
$49.5M
$158.5M
Q2 24
$46.2M
$129.6M
Q1 24
$39.9M
$157.6M
Total Debt
AVO
AVO
MASI
MASI
Q4 25
$95.8M
Q3 25
$131.5M
$559.1M
Q2 25
$147.2M
$613.7M
Q1 25
$117.9M
$651.0M
Q4 24
$113.7M
$765.2M
Q3 24
$134.4M
$772.6M
Q2 24
$170.2M
$781.6M
Q1 24
$156.1M
$876.0M
Stockholders' Equity
AVO
AVO
MASI
MASI
Q4 25
$587.3M
Q3 25
$568.7M
$810.0M
Q2 25
$552.3M
$1.0B
Q1 25
$550.8M
$946.4M
Q4 24
$547.3M
$1.1B
Q3 24
$527.3M
$1.5B
Q2 24
$513.3M
$1.4B
Q1 24
$505.1M
$1.4B
Total Assets
AVO
AVO
MASI
MASI
Q4 25
$983.0M
Q3 25
$1.0B
$1.8B
Q2 25
$1.0B
$2.4B
Q1 25
$997.8M
$2.3B
Q4 24
$971.5M
$2.6B
Q3 24
$959.9M
$3.1B
Q2 24
$966.9M
$2.9B
Q1 24
$937.5M
$3.0B
Debt / Equity
AVO
AVO
MASI
MASI
Q4 25
0.16×
Q3 25
0.23×
0.69×
Q2 25
0.27×
0.59×
Q1 25
0.21×
0.69×
Q4 24
0.21×
0.73×
Q3 24
0.25×
0.53×
Q2 24
0.33×
0.57×
Q1 24
0.31×
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
AVO
AVO
MASI
MASI
Operating Cash FlowLast quarter
$67.2M
$56.8M
Free Cash FlowOCF − Capex
$55.6M
$50.9M
FCF MarginFCF / Revenue
17.4%
13.7%
Capex IntensityCapex / Revenue
3.6%
1.6%
Cash ConversionOCF / Net Profit
4.20×
TTM Free Cash FlowTrailing 4 quarters
$37.2M
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVO
AVO
MASI
MASI
Q4 25
$67.2M
Q3 25
$34.4M
$56.8M
Q2 25
$-11.8M
$69.4M
Q1 25
$-1.2M
$31.1M
Q4 24
$38.0M
$50.5M
Q3 24
$42.5M
$25.6M
Q2 24
$3.4M
$74.5M
Q1 24
$9.5M
$45.8M
Free Cash Flow
AVO
AVO
MASI
MASI
Q4 25
$55.6M
Q3 25
$22.6M
$50.9M
Q2 25
$-25.0M
$65.6M
Q1 25
$-16.0M
$28.5M
Q4 24
$31.1M
$46.0M
Q3 24
$34.9M
$16.9M
Q2 24
$-4.4M
$66.9M
Q1 24
$-400.0K
$37.6M
FCF Margin
AVO
AVO
MASI
MASI
Q4 25
17.4%
Q3 25
6.3%
13.7%
Q2 25
-6.6%
17.7%
Q1 25
-4.8%
7.7%
Q4 24
8.8%
7.7%
Q3 24
10.8%
3.3%
Q2 24
-1.5%
13.5%
Q1 24
-0.2%
7.6%
Capex Intensity
AVO
AVO
MASI
MASI
Q4 25
3.6%
Q3 25
3.3%
1.6%
Q2 25
3.5%
1.0%
Q1 25
4.4%
0.7%
Q4 24
1.9%
0.7%
Q3 24
2.3%
1.7%
Q2 24
2.6%
1.5%
Q1 24
3.8%
1.7%
Cash Conversion
AVO
AVO
MASI
MASI
Q4 25
4.20×
Q3 25
2.34×
Q2 25
-3.81×
1.35×
Q1 25
-0.31×
Q4 24
2.20×
Q3 24
3.43×
2.61×
Q2 24
0.49×
4.66×
Q1 24
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVO
AVO

Avocado$256.9M81%
Blueberry$36.5M11%
Mango$18.7M6%
Other$6.9M2%

MASI
MASI

Segment breakdown not available.

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