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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) and MASIMO CORP (MASI). Click either name above to swap in a different company.
FEDERATED HERMES, INC. is the larger business by last-quarter revenue ($479.0M vs $371.5M, roughly 1.3× MASIMO CORP). FEDERATED HERMES, INC. runs the higher net margin — 20.1% vs -27.0%, a 47.1% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (-0.8% vs -26.4%). Over the past eight quarters, FEDERATED HERMES, INC.'s revenue compounded faster (9.1% CAGR vs -17.7%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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.
FHI vs MASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.0M | $371.5M |
| Net Profit | $96.4M | $-100.4M |
| Gross Margin | — | 62.1% |
| Operating Margin | 26.4% | 22.5% |
| Net Margin | 20.1% | -27.0% |
| Revenue YoY | -0.8% | -26.4% |
| Net Profit YoY | — | -1124.5% |
| EPS (diluted) | — | $-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.
| Q1 26 | $479.0M | — | ||
| Q4 25 | $482.8M | — | ||
| Q3 25 | $469.4M | $371.5M | ||
| Q2 25 | $424.8M | $370.9M | ||
| Q1 25 | $423.5M | $372.0M | ||
| Q4 24 | $424.7M | $600.7M | ||
| Q3 24 | $408.5M | $504.6M | ||
| Q2 24 | $402.6M | $496.3M |
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $104.1M | $-100.4M | ||
| Q2 25 | $91.0M | $51.3M | ||
| Q1 25 | $101.1M | $-170.7M | ||
| Q4 24 | $84.7M | $-349.6M | ||
| Q3 24 | $87.5M | $9.8M | ||
| Q2 24 | $21.0M | $16.0M |
| Q1 26 | — | — | ||
| 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 26 | 26.4% | — | ||
| Q4 25 | 28.1% | — | ||
| Q3 25 | 27.6% | 22.5% | ||
| Q2 25 | 27.6% | 17.4% | ||
| Q1 25 | 31.1% | 21.0% | ||
| Q4 24 | 26.0% | -59.8% | ||
| Q3 24 | 27.4% | 6.0% | ||
| Q2 24 | 10.1% | 5.7% |
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 22.2% | -27.0% | ||
| Q2 25 | 21.4% | 13.8% | ||
| Q1 25 | 23.9% | -45.9% | ||
| Q4 24 | 19.9% | -58.2% | ||
| Q3 24 | 21.4% | 1.9% | ||
| Q2 24 | 5.2% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.34 | $-1.84 | ||
| Q2 25 | $1.16 | $0.94 | ||
| Q1 25 | $1.25 | $-3.12 | ||
| Q4 24 | $1.08 | $-6.54 | ||
| Q3 24 | $1.06 | $0.18 | ||
| Q2 24 | $0.20 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $312.3M |
| Total DebtLower is stronger | $348.4M | $559.1M |
| Stockholders' EquityBook value | $100.8B | $810.0M |
| Total Assets | $2.1B | $1.8B |
| Debt / EquityLower = less leverage | 0.00× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | — | ||
| Q3 25 | $506.3M | $312.3M | ||
| Q2 25 | $371.0M | $149.6M | ||
| Q1 25 | $387.6M | $130.8M | ||
| Q4 24 | $504.4M | $177.6M | ||
| Q3 24 | $375.0M | $158.5M | ||
| Q2 24 | $307.4M | $129.6M |
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | — | ||
| Q3 25 | $348.3M | $559.1M | ||
| Q2 25 | $348.2M | $613.7M | ||
| Q1 25 | $348.2M | $651.0M | ||
| Q4 24 | $348.1M | $765.2M | ||
| Q3 24 | $348.0M | $772.6M | ||
| Q2 24 | $348.0M | $781.6M |
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $810.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.1B | $946.4M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.0B | $1.4B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $1.9B | $2.9B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.29× | 0.69× | ||
| Q2 25 | 0.31× | 0.59× | ||
| Q1 25 | 0.32× | 0.69× | ||
| Q4 24 | 0.32× | 0.73× | ||
| Q3 24 | 0.32× | 0.53× | ||
| Q2 24 | 0.34× | 0.57× |
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 | — | $56.8M |
| Free Cash FlowOCF − Capex | — | $50.9M |
| FCF MarginFCF / Revenue | — | 13.7% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | — | ||
| Q3 25 | $103.1M | $56.8M | ||
| Q2 25 | $18.8M | $69.4M | ||
| Q1 25 | $14.3M | $31.1M | ||
| Q4 24 | $346.6M | $50.5M | ||
| Q3 24 | $117.1M | $25.6M | ||
| Q2 24 | $88.7M | $74.5M |
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | — | ||
| Q3 25 | $101.6M | $50.9M | ||
| Q2 25 | $18.0M | $65.6M | ||
| Q1 25 | $13.3M | $28.5M | ||
| Q4 24 | $342.5M | $46.0M | ||
| Q3 24 | $114.1M | $16.9M | ||
| Q2 24 | $82.7M | $66.9M |
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | — | ||
| Q3 25 | 21.6% | 13.7% | ||
| Q2 25 | 4.2% | 17.7% | ||
| Q1 25 | 3.1% | 7.7% | ||
| Q4 24 | 80.7% | 7.7% | ||
| Q3 24 | 27.9% | 3.3% | ||
| Q2 24 | 20.5% | 13.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.9% | 0.7% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | 1.5% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.21× | 1.35× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | — | ||
| Q3 24 | 1.34× | 2.61× | ||
| Q2 24 | 4.22× | 4.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment advisory fees, net | $319.4M | 67% |
| Administrative service fees, net-affiliates | $110.3M | 23% |
| Other | $49.3M | 10% |
MASI
Segment breakdown not available.
