vs

Side-by-side financial comparison of BKV Corp (BKV) 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 $255.9M, roughly 1.5× BKV Corp). BKV Corp runs the higher net margin — 27.5% vs -27.0%, a 54.5% gap on every dollar of revenue.

BKV Corp is a North American independent energy company focused on sustainable natural gas exploration, production, and distribution, with core operating assets located in the Appalachian Basin. It serves utility, industrial, and commercial customers across the region, and invests in low-carbon technologies including carbon capture to reduce operational emissions.

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.

BKV vs MASI — Head-to-Head

Bigger by revenue
MASI
MASI
1.5× larger
MASI
$371.5M
$255.9M
BKV
Higher net margin
BKV
BKV
54.5% more per $
BKV
27.5%
-27.0%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BKV
BKV
MASI
MASI
Revenue
$255.9M
$371.5M
Net Profit
$70.4M
$-100.4M
Gross Margin
62.1%
Operating Margin
39.3%
22.5%
Net Margin
27.5%
-27.0%
Revenue YoY
-26.4%
Net Profit YoY
-1124.5%
EPS (diluted)
$0.78
$-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
BKV
BKV
MASI
MASI
Q4 25
$255.9M
Q3 25
$199.8M
$371.5M
Q2 25
$207.1M
$370.9M
Q1 25
$231.0M
$372.0M
Q4 24
$600.7M
Q3 24
$133.5M
$504.6M
Q2 24
$496.3M
Q1 24
$492.8M
Net Profit
BKV
BKV
MASI
MASI
Q4 25
$70.4M
Q3 25
$76.8M
$-100.4M
Q2 25
$104.6M
$51.3M
Q1 25
$-78.7M
$-170.7M
Q4 24
$-349.6M
Q3 24
$12.9M
$9.8M
Q2 24
$16.0M
Q1 24
$18.9M
Gross Margin
BKV
BKV
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
BKV
BKV
MASI
MASI
Q4 25
39.3%
Q3 25
41.2%
22.5%
Q2 25
62.0%
17.4%
Q1 25
-40.6%
21.0%
Q4 24
-59.8%
Q3 24
-15.7%
6.0%
Q2 24
5.7%
Q1 24
6.9%
Net Margin
BKV
BKV
MASI
MASI
Q4 25
27.5%
Q3 25
38.5%
-27.0%
Q2 25
50.5%
13.8%
Q1 25
-34.1%
-45.9%
Q4 24
-58.2%
Q3 24
9.6%
1.9%
Q2 24
3.2%
Q1 24
3.8%
EPS (diluted)
BKV
BKV
MASI
MASI
Q4 25
$0.78
Q3 25
$0.90
$-1.84
Q2 25
$1.23
$0.94
Q1 25
$-0.93
$-3.12
Q4 24
$-6.54
Q3 24
$0.18
$0.18
Q2 24
$0.29
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
BKV
BKV
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$199.4M
$312.3M
Total DebtLower is stronger
$486.8M
$559.1M
Stockholders' EquityBook value
$2.0B
$810.0M
Total Assets
$3.1B
$1.8B
Debt / EquityLower = less leverage
0.24×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKV
BKV
MASI
MASI
Q4 25
$199.4M
Q3 25
$83.1M
$312.3M
Q2 25
$21.4M
$149.6M
Q1 25
$15.3M
$130.8M
Q4 24
$177.6M
Q3 24
$31.3M
$158.5M
Q2 24
$129.6M
Q1 24
$157.6M
Total Debt
BKV
BKV
MASI
MASI
Q4 25
$486.8M
Q3 25
$486.6M
$559.1M
Q2 25
$200.0M
$613.7M
Q1 25
$200.0M
$651.0M
Q4 24
$765.2M
Q3 24
$190.0M
$772.6M
Q2 24
$781.6M
Q1 24
$876.0M
Stockholders' Equity
BKV
BKV
MASI
MASI
Q4 25
$2.0B
Q3 25
$1.8B
$810.0M
Q2 25
$1.6B
$1.0B
Q1 25
$1.5B
$946.4M
Q4 24
$1.1B
Q3 24
$1.6B
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
BKV
BKV
MASI
MASI
Q4 25
$3.1B
Q3 25
$2.9B
$1.8B
Q2 25
$2.3B
$2.4B
Q1 25
$2.3B
$2.3B
Q4 24
$2.6B
Q3 24
$2.3B
$3.1B
Q2 24
$2.9B
Q1 24
$3.0B
Debt / Equity
BKV
BKV
MASI
MASI
Q4 25
0.24×
Q3 25
0.27×
0.69×
Q2 25
0.13×
0.59×
Q1 25
0.13×
0.69×
Q4 24
0.73×
Q3 24
0.12×
0.53×
Q2 24
0.57×
Q1 24
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
BKV
BKV
MASI
MASI
Operating Cash FlowLast quarter
$69.4M
$56.8M
Free Cash FlowOCF − Capex
$50.9M
FCF MarginFCF / Revenue
13.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.99×
TTM Free Cash FlowTrailing 4 quarters
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKV
BKV
MASI
MASI
Q4 25
$69.4M
Q3 25
$74.5M
$56.8M
Q2 25
$76.2M
$69.4M
Q1 25
$22.6M
$31.1M
Q4 24
$50.5M
Q3 24
$25.6M
Q2 24
$74.5M
Q1 24
$45.8M
Free Cash Flow
BKV
BKV
MASI
MASI
Q4 25
Q3 25
$-126.9M
$50.9M
Q2 25
$65.6M
Q1 25
$28.5M
Q4 24
$46.0M
Q3 24
$16.9M
Q2 24
$66.9M
Q1 24
$37.6M
FCF Margin
BKV
BKV
MASI
MASI
Q4 25
Q3 25
-63.5%
13.7%
Q2 25
17.7%
Q1 25
7.7%
Q4 24
7.7%
Q3 24
3.3%
Q2 24
13.5%
Q1 24
7.6%
Capex Intensity
BKV
BKV
MASI
MASI
Q4 25
Q3 25
100.9%
1.6%
Q2 25
1.0%
Q1 25
0.7%
Q4 24
0.7%
Q3 24
1.7%
Q2 24
1.5%
Q1 24
1.7%
Cash Conversion
BKV
BKV
MASI
MASI
Q4 25
0.99×
Q3 25
0.97×
Q2 25
0.73×
1.35×
Q1 25
Q4 24
Q3 24
2.61×
Q2 24
4.66×
Q1 24
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BKV
BKV

Natural Gas NGL And Oil$249.3M97%
Related Party And Other$4.7M2%
Marketing$2.8M1%

MASI
MASI

Segment breakdown not available.

Related Comparisons