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Side-by-side financial comparison of DIODES INC (DIOD) and MASIMO CORP (MASI). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $371.5M, roughly 1.1× MASIMO CORP). DIODES INC runs the higher net margin — 2.6% vs -27.0%, a 29.6% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs -17.7%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
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.
DIOD vs MASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $371.5M |
| Net Profit | $10.2M | $-100.4M |
| Gross Margin | 31.1% | 62.1% |
| Operating Margin | 3.4% | 22.5% |
| Net Margin | 2.6% | -27.0% |
| Revenue YoY | 15.4% | -26.4% |
| Net Profit YoY | 23.8% | -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.
| Q4 25 | $391.6M | — | ||
| Q3 25 | $392.2M | $371.5M | ||
| Q2 25 | $366.2M | $370.9M | ||
| Q1 25 | $332.1M | $372.0M | ||
| Q4 24 | $339.3M | $600.7M | ||
| Q3 24 | $350.1M | $504.6M | ||
| Q2 24 | $319.8M | $496.3M | ||
| Q1 24 | $302.0M | $492.8M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $14.3M | $-100.4M | ||
| Q2 25 | $46.1M | $51.3M | ||
| Q1 25 | $-4.4M | $-170.7M | ||
| Q4 24 | $8.2M | $-349.6M | ||
| Q3 24 | $13.7M | $9.8M | ||
| Q2 24 | $8.0M | $16.0M | ||
| Q1 24 | $14.0M | $18.9M |
| Q4 25 | 31.1% | — | ||
| Q3 25 | 30.7% | 62.1% | ||
| Q2 25 | 31.5% | 62.9% | ||
| Q1 25 | 31.5% | 62.9% | ||
| Q4 24 | 32.7% | 40.7% | ||
| Q3 24 | 33.7% | 52.2% | ||
| Q2 24 | 33.6% | 51.3% | ||
| Q1 24 | 33.0% | 49.0% |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.0% | 22.5% | ||
| Q2 25 | 2.6% | 17.4% | ||
| Q1 25 | 0.4% | 21.0% | ||
| Q4 24 | 3.5% | -59.8% | ||
| Q3 24 | 6.2% | 6.0% | ||
| Q2 24 | 1.2% | 5.7% | ||
| Q1 24 | 4.3% | 6.9% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.6% | -27.0% | ||
| Q2 25 | 12.6% | 13.8% | ||
| Q1 25 | -1.3% | -45.9% | ||
| Q4 24 | 2.4% | -58.2% | ||
| Q3 24 | 3.9% | 1.9% | ||
| Q2 24 | 2.5% | 3.2% | ||
| Q1 24 | 4.6% | 3.8% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.31 | $-1.84 | ||
| Q2 25 | $0.99 | $0.94 | ||
| Q1 25 | $-0.10 | $-3.12 | ||
| Q4 24 | $0.18 | $-6.54 | ||
| Q3 24 | $0.30 | $0.18 | ||
| Q2 24 | $0.17 | $0.29 | ||
| Q1 24 | $0.30 | $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 | $377.0M | $312.3M |
| Total DebtLower is stronger | $25.7M | $559.1M |
| Stockholders' EquityBook value | $1.9B | $810.0M |
| Total Assets | $2.4B | $1.8B |
| Debt / EquityLower = less leverage | 0.01× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | $312.3M | ||
| Q2 25 | $327.3M | $149.6M | ||
| Q1 25 | $343.9M | $130.8M | ||
| Q4 24 | $316.1M | $177.6M | ||
| Q3 24 | $319.3M | $158.5M | ||
| Q2 24 | $273.9M | $129.6M | ||
| Q1 24 | $276.0M | $157.6M |
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | $559.1M | ||
| Q2 25 | $26.4M | $613.7M | ||
| Q1 25 | $20.5M | $651.0M | ||
| Q4 24 | $20.7M | $765.2M | ||
| Q3 24 | $22.2M | $772.6M | ||
| Q2 24 | $20.3M | $781.6M | ||
| Q1 24 | $20.9M | $876.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $810.0M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.8B | $946.4M | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.4B | ||
| Q1 24 | $1.7B | $1.4B |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.4B | $2.3B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | $2.4B | $3.0B |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | 0.69× | ||
| Q2 25 | 0.01× | 0.59× | ||
| Q1 25 | 0.01× | 0.69× | ||
| Q4 24 | 0.01× | 0.73× | ||
| Q3 24 | 0.01× | 0.53× | ||
| Q2 24 | 0.01× | 0.57× | ||
| Q1 24 | 0.01× | 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 | $38.1M | $56.8M |
| Free Cash FlowOCF − Capex | $12.4M | $50.9M |
| FCF MarginFCF / Revenue | 3.2% | 13.7% |
| Capex IntensityCapex / Revenue | 6.6% | 1.6% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | — | ||
| Q3 25 | $79.1M | $56.8M | ||
| Q2 25 | $41.5M | $69.4M | ||
| Q1 25 | $56.7M | $31.1M | ||
| Q4 24 | $81.8M | $50.5M | ||
| Q3 24 | $54.4M | $25.6M | ||
| Q2 24 | $14.4M | $74.5M | ||
| Q1 24 | $-31.1M | $45.8M |
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | $50.9M | ||
| Q2 25 | $21.1M | $65.6M | ||
| Q1 25 | $40.8M | $28.5M | ||
| Q4 24 | $62.1M | $46.0M | ||
| Q3 24 | $39.4M | $16.9M | ||
| Q2 24 | $-3.5M | $66.9M | ||
| Q1 24 | $-51.5M | $37.6M |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | 13.7% | ||
| Q2 25 | 5.8% | 17.7% | ||
| Q1 25 | 12.3% | 7.7% | ||
| Q4 24 | 18.3% | 7.7% | ||
| Q3 24 | 11.2% | 3.3% | ||
| Q2 24 | -1.1% | 13.5% | ||
| Q1 24 | -17.1% | 7.6% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | 1.6% | ||
| Q2 25 | 5.6% | 1.0% | ||
| Q1 25 | 4.8% | 0.7% | ||
| Q4 24 | 5.8% | 0.7% | ||
| Q3 24 | 4.3% | 1.7% | ||
| Q2 24 | 5.6% | 1.5% | ||
| Q1 24 | 6.7% | 1.7% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | 2.61× | ||
| Q2 24 | 1.80× | 4.66× | ||
| Q1 24 | -2.22× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
MASI
Segment breakdown not available.
