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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.6× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -27.0%, a 31.4% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs -17.7%).
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.
CSW vs MASI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $371.5M |
| Net Profit | $10.3M | $-100.4M |
| Gross Margin | 39.7% | 62.1% |
| Operating Margin | 7.4% | 22.5% |
| Net Margin | 4.4% | -27.0% |
| Revenue YoY | 20.3% | -26.4% |
| Net Profit YoY | -61.9% | -1124.5% |
| EPS (diluted) | $0.62 | $-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.
| Q4 25 | $233.0M | — | ||
| Q3 25 | $277.0M | $371.5M | ||
| Q2 25 | $263.6M | $370.9M | ||
| Q1 25 | $230.5M | $372.0M | ||
| Q4 24 | $193.6M | $600.7M | ||
| Q3 24 | $227.9M | $504.6M | ||
| Q2 24 | $226.2M | $496.3M | ||
| Q1 24 | $210.9M | $492.8M |
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-100.4M | ||
| Q2 25 | $40.9M | $51.3M | ||
| Q1 25 | $35.1M | $-170.7M | ||
| Q4 24 | $26.9M | $-349.6M | ||
| Q3 24 | $36.1M | $9.8M | ||
| Q2 24 | $38.6M | $16.0M | ||
| Q1 24 | $31.8M | $18.9M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | 62.1% | ||
| Q2 25 | 43.8% | 62.9% | ||
| Q1 25 | 44.2% | 62.9% | ||
| Q4 24 | 41.4% | 40.7% | ||
| Q3 24 | 45.6% | 52.2% | ||
| Q2 24 | 47.5% | 51.3% | ||
| Q1 24 | 44.4% | 49.0% |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 20.5% | 22.5% | ||
| Q2 25 | 20.8% | 17.4% | ||
| Q1 25 | 19.5% | 21.0% | ||
| Q4 24 | 15.3% | -59.8% | ||
| Q3 24 | 22.6% | 6.0% | ||
| Q2 24 | 24.3% | 5.7% | ||
| Q1 24 | 21.0% | 6.9% |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -27.0% | ||
| Q2 25 | 15.5% | 13.8% | ||
| Q1 25 | 15.2% | -45.9% | ||
| Q4 24 | 13.9% | -58.2% | ||
| Q3 24 | 15.8% | 1.9% | ||
| Q2 24 | 17.1% | 3.2% | ||
| Q1 24 | 15.1% | 3.8% |
| Q4 25 | $0.62 | — | ||
| Q3 25 | $2.41 | $-1.84 | ||
| Q2 25 | $2.43 | $0.94 | ||
| Q1 25 | $2.05 | $-3.12 | ||
| Q4 24 | $1.60 | $-6.54 | ||
| Q3 24 | $2.26 | $0.18 | ||
| Q2 24 | $2.47 | $0.29 | ||
| Q1 24 | $2.03 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $312.3M |
| Total DebtLower is stronger | — | $559.1M |
| Stockholders' EquityBook value | $1.1B | $810.0M |
| Total Assets | $2.3B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $312.3M | ||
| Q2 25 | $38.0M | $149.6M | ||
| Q1 25 | $225.8M | $130.8M | ||
| Q4 24 | $213.8M | $177.6M | ||
| Q3 24 | $273.2M | $158.5M | ||
| Q2 24 | $18.9M | $129.6M | ||
| Q1 24 | $22.2M | $157.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | $800.1M | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | $166.0M | $876.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $810.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $946.4M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $650.2M | $1.4B | ||
| Q1 24 | $615.7M | $1.4B |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $2.4B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.1B | $2.9B | ||
| Q1 24 | $1.0B | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | 0.75× | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | 0.27× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $56.8M |
| Free Cash FlowOCF − Capex | $22.7M | $50.9M |
| FCF MarginFCF / Revenue | 9.8% | 13.7% |
| Capex IntensityCapex / Revenue | 2.6% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | — | ||
| Q3 25 | $61.8M | $56.8M | ||
| Q2 25 | $60.6M | $69.4M | ||
| Q1 25 | $27.3M | $31.1M | ||
| Q4 24 | $11.6M | $50.5M | ||
| Q3 24 | $66.8M | $25.6M | ||
| Q2 24 | $62.7M | $74.5M | ||
| Q1 24 | $22.4M | $45.8M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | $50.9M | ||
| Q2 25 | $57.7M | $65.6M | ||
| Q1 25 | $22.8M | $28.5M | ||
| Q4 24 | $8.5M | $46.0M | ||
| Q3 24 | $61.3M | $16.9M | ||
| Q2 24 | $59.6M | $66.9M | ||
| Q1 24 | $17.5M | $37.6M |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | 13.7% | ||
| Q2 25 | 21.9% | 17.7% | ||
| Q1 25 | 9.9% | 7.7% | ||
| Q4 24 | 4.4% | 7.7% | ||
| Q3 24 | 26.9% | 3.3% | ||
| Q2 24 | 26.3% | 13.5% | ||
| Q1 24 | 8.3% | 7.6% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | 1.6% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 1.6% | 0.7% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 1.4% | 1.5% | ||
| Q1 24 | 2.3% | 1.7% |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | 1.35× | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | 2.61× | ||
| Q2 24 | 1.62× | 4.66× | ||
| Q1 24 | 0.71× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
MASI
Segment breakdown not available.
