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Side-by-side financial comparison of FOX FACTORY HOLDING CORP (FOXF) and MASIMO CORP (MASI). Click either name above to swap in a different company.
FOX FACTORY HOLDING CORP is the larger business by last-quarter revenue ($376.4M vs $371.5M, roughly 1.0× MASIMO CORP). FOX FACTORY HOLDING CORP runs the higher net margin — -0.2% vs -27.0%, a 26.9% gap on every dollar of revenue. On growth, FOX FACTORY HOLDING CORP posted the faster year-over-year revenue change (4.8% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-2.5M). Over the past eight quarters, FOX FACTORY HOLDING CORP's revenue compounded faster (6.4% CAGR vs -17.7%).
Fox Factory Holding Corp. is an American company best known for their Fox Racing Shox brand of off-road racing suspension components.
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.
FOXF vs MASI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $376.4M | $371.5M |
| Net Profit | $-634.0K | $-100.4M |
| Gross Margin | 30.4% | 62.1% |
| Operating Margin | 4.0% | 22.5% |
| Net Margin | -0.2% | -27.0% |
| Revenue YoY | 4.8% | -26.4% |
| Net Profit YoY | -113.3% | -1124.5% |
| EPS (diluted) | $-0.02 | $-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 | $376.4M | — | ||
| Q3 25 | $374.9M | $371.5M | ||
| Q2 25 | $355.0M | $370.9M | ||
| Q1 25 | $352.8M | $372.0M | ||
| Q4 24 | — | $600.7M | ||
| Q3 24 | $359.1M | $504.6M | ||
| Q2 24 | $348.5M | $496.3M | ||
| Q1 24 | $333.5M | $492.8M |
| Q4 25 | $-634.0K | — | ||
| Q3 25 | $2.7M | $-100.4M | ||
| Q2 25 | $-259.7M | $51.3M | ||
| Q1 25 | $-141.0K | $-170.7M | ||
| Q4 24 | — | $-349.6M | ||
| Q3 24 | $4.8M | $9.8M | ||
| Q2 24 | $5.4M | $16.0M | ||
| Q1 24 | $-3.5M | $18.9M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 31.2% | 62.1% | ||
| Q2 25 | 30.9% | 62.9% | ||
| Q1 25 | 28.9% | 62.9% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | 29.9% | 52.2% | ||
| Q2 24 | 31.8% | 51.3% | ||
| Q1 24 | 30.9% | 49.0% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.9% | 22.5% | ||
| Q2 25 | -70.6% | 17.4% | ||
| Q1 25 | 3.2% | 21.0% | ||
| Q4 24 | — | -59.8% | ||
| Q3 24 | 5.2% | 6.0% | ||
| Q2 24 | 5.3% | 5.7% | ||
| Q1 24 | 2.7% | 6.9% |
| Q4 25 | -0.2% | — | ||
| Q3 25 | 0.7% | -27.0% | ||
| Q2 25 | -73.1% | 13.8% | ||
| Q1 25 | -0.0% | -45.9% | ||
| Q4 24 | — | -58.2% | ||
| Q3 24 | 1.3% | 1.9% | ||
| Q2 24 | 1.6% | 3.2% | ||
| Q1 24 | -1.0% | 3.8% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.07 | $-1.84 | ||
| Q2 25 | $-6.23 | $0.94 | ||
| Q1 25 | $0.00 | $-3.12 | ||
| Q4 24 | — | $-6.54 | ||
| Q3 24 | $0.11 | $0.18 | ||
| Q2 24 | $0.13 | $0.29 | ||
| Q1 24 | $-0.08 | $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 | — | $312.3M |
| Total DebtLower is stronger | $536.7M | $559.1M |
| Stockholders' EquityBook value | $956.0M | $810.0M |
| Total Assets | $2.0B | $1.8B |
| Debt / EquityLower = less leverage | 0.56× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $312.3M | ||
| Q2 25 | — | $149.6M | ||
| Q1 25 | $71.7M | $130.8M | ||
| Q4 24 | — | $177.6M | ||
| Q3 24 | — | $158.5M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $157.6M |
| Q4 25 | $536.7M | — | ||
| Q3 25 | $541.8M | $559.1M | ||
| Q2 25 | $546.9M | $613.7M | ||
| Q1 25 | $552.1M | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | $558.4M | $772.6M | ||
| Q2 24 | $564.1M | $781.6M | ||
| Q1 24 | $370.4M | $876.0M |
| Q4 25 | $956.0M | — | ||
| Q3 25 | $958.7M | $810.0M | ||
| Q2 25 | $939.9M | $1.0B | ||
| Q1 25 | $1.2B | $946.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.2B | $2.3B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.2B | $3.0B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.57× | 0.69× | ||
| Q2 25 | 0.58× | 0.59× | ||
| Q1 25 | 0.46× | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | 0.47× | 0.53× | ||
| Q2 24 | 0.47× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.3M | $56.8M |
| Free Cash FlowOCF − Capex | $-2.5M | $50.9M |
| FCF MarginFCF / Revenue | -0.7% | 13.7% |
| Capex IntensityCapex / Revenue | 2.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.4M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.3M | — | ||
| Q3 25 | $36.8M | $56.8M | ||
| Q2 25 | $680.0K | $69.4M | ||
| Q1 25 | $81.7M | $31.1M | ||
| Q4 24 | — | $50.5M | ||
| Q3 24 | $14.1M | $25.6M | ||
| Q2 24 | $26.7M | $74.5M | ||
| Q1 24 | $9.4M | $45.8M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $24.6M | $50.9M | ||
| Q2 25 | $-6.5M | $65.6M | ||
| Q1 25 | $69.8M | $28.5M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $3.2M | $16.9M | ||
| Q2 24 | $15.4M | $66.9M | ||
| Q1 24 | $-555.0K | $37.6M |
| Q4 25 | -0.7% | — | ||
| Q3 25 | 6.6% | 13.7% | ||
| Q2 25 | -1.8% | 17.7% | ||
| Q1 25 | 19.8% | 7.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 0.9% | 3.3% | ||
| Q2 24 | 4.4% | 13.5% | ||
| Q1 24 | -0.2% | 7.6% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 3.3% | 1.6% | ||
| Q2 25 | 2.0% | 1.0% | ||
| Q1 25 | 3.4% | 0.7% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 3.0% | 1.7% | ||
| Q2 24 | 3.2% | 1.5% | ||
| Q1 24 | 3.0% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 13.41× | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.94× | 2.61× | ||
| Q2 24 | 4.94× | 4.66× | ||
| Q1 24 | — | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FOXF
| Specialty Sports Group | $132.7M | 35% |
| Powered Vehicles Group | $125.9M | 33% |
| Aftermarket Applications Group | $117.8M | 31% |
MASI
Segment breakdown not available.
