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Side-by-side financial comparison of Guidewire Software, Inc. (GWRE) 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 $332.6M, roughly 1.1× Guidewire Software, Inc.). Guidewire Software, Inc. runs the higher net margin — 9.4% vs -27.0%, a 36.4% gap on every dollar of revenue. On growth, Guidewire Software, Inc. posted the faster year-over-year revenue change (26.5% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-72.3M). Over the past eight quarters, Guidewire Software, Inc.'s revenue compounded faster (17.5% CAGR vs -17.7%).
Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
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.
GWRE vs MASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $332.6M | $371.5M |
| Net Profit | $31.3M | $-100.4M |
| Gross Margin | 63.0% | 62.1% |
| Operating Margin | 5.6% | 22.5% |
| Net Margin | 9.4% | -27.0% |
| Revenue YoY | 26.5% | -26.4% |
| Net Profit YoY | 242.6% | -1124.5% |
| EPS (diluted) | $0.36 | $-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 | $332.6M | — | ||
| Q3 25 | $356.6M | $371.5M | ||
| Q2 25 | $293.5M | $370.9M | ||
| Q1 25 | $289.5M | $372.0M | ||
| Q4 24 | $262.9M | $600.7M | ||
| Q3 24 | $291.5M | $504.6M | ||
| Q2 24 | $240.7M | $496.3M | ||
| Q1 24 | $240.9M | $492.8M |
| Q4 25 | $31.3M | — | ||
| Q3 25 | $52.0M | $-100.4M | ||
| Q2 25 | $46.0M | $51.3M | ||
| Q1 25 | $-37.3M | $-170.7M | ||
| Q4 24 | $9.1M | $-349.6M | ||
| Q3 24 | $16.8M | $9.8M | ||
| Q2 24 | $-5.5M | $16.0M | ||
| Q1 24 | $9.7M | $18.9M |
| Q4 25 | 63.0% | — | ||
| Q3 25 | 65.0% | 62.1% | ||
| Q2 25 | 62.2% | 62.9% | ||
| Q1 25 | 61.9% | 62.9% | ||
| Q4 24 | 60.2% | 40.7% | ||
| Q3 24 | 64.0% | 52.2% | ||
| Q2 24 | 59.1% | 51.3% | ||
| Q1 24 | 59.1% | 49.0% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 8.3% | 22.5% | ||
| Q2 25 | 1.5% | 17.4% | ||
| Q1 25 | 4.0% | 21.0% | ||
| Q4 24 | -1.8% | -59.8% | ||
| Q3 24 | 3.5% | 6.0% | ||
| Q2 24 | -6.9% | 5.7% | ||
| Q1 24 | -5.2% | 6.9% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 14.6% | -27.0% | ||
| Q2 25 | 15.7% | 13.8% | ||
| Q1 25 | -12.9% | -45.9% | ||
| Q4 24 | 3.5% | -58.2% | ||
| Q3 24 | 5.7% | 1.9% | ||
| Q2 24 | -2.3% | 3.2% | ||
| Q1 24 | 4.0% | 3.8% |
| Q4 25 | $0.36 | — | ||
| Q3 25 | $0.61 | $-1.84 | ||
| Q2 25 | $0.54 | $0.94 | ||
| Q1 25 | $-0.45 | $-3.12 | ||
| Q4 24 | $0.11 | $-6.54 | ||
| Q3 24 | $0.21 | $0.18 | ||
| Q2 24 | $-0.07 | $0.29 | ||
| Q1 24 | $0.12 | $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 | $1.0B | $312.3M |
| Total DebtLower is stronger | — | $559.1M |
| Stockholders' EquityBook value | $1.5B | $810.0M |
| Total Assets | $2.6B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.1B | $312.3M | ||
| Q2 25 | $920.4M | $149.6M | ||
| Q1 25 | $1.2B | $130.8M | ||
| Q4 24 | $1.3B | $177.6M | ||
| Q3 24 | $1.0B | $158.5M | ||
| Q2 24 | $782.3M | $129.6M | ||
| Q1 24 | $777.6M | $157.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | — | $765.2M | ||
| Q3 24 | $398.9M | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $810.0M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $946.4M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $2.6B | $2.6B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.0B | $3.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | 0.30× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-67.4M | $56.8M |
| Free Cash FlowOCF − Capex | $-72.3M | $50.9M |
| FCF MarginFCF / Revenue | -21.7% | 13.7% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | -2.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $286.0M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-67.4M | — | ||
| Q3 25 | $244.8M | $56.8M | ||
| Q2 25 | $32.4M | $69.4M | ||
| Q1 25 | $86.0M | $31.1M | ||
| Q4 24 | $-62.3M | $50.5M | ||
| Q3 24 | $193.8M | $25.6M | ||
| Q2 24 | $4.8M | $74.5M | ||
| Q1 24 | $69.3M | $45.8M |
| Q4 25 | $-72.3M | — | ||
| Q3 25 | $241.4M | $50.9M | ||
| Q2 25 | $31.6M | $65.6M | ||
| Q1 25 | $85.2M | $28.5M | ||
| Q4 24 | $-63.1M | $46.0M | ||
| Q3 24 | $192.1M | $16.9M | ||
| Q2 24 | $4.1M | $66.9M | ||
| Q1 24 | $66.3M | $37.6M |
| Q4 25 | -21.7% | — | ||
| Q3 25 | 67.7% | 13.7% | ||
| Q2 25 | 10.8% | 17.7% | ||
| Q1 25 | 29.4% | 7.7% | ||
| Q4 24 | -24.0% | 7.7% | ||
| Q3 24 | 65.9% | 3.3% | ||
| Q2 24 | 1.7% | 13.5% | ||
| Q1 24 | 27.5% | 7.6% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.0% | 1.6% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.3% | 0.7% | ||
| Q4 24 | 0.3% | 0.7% | ||
| Q3 24 | 0.6% | 1.7% | ||
| Q2 24 | 0.3% | 1.5% | ||
| Q1 24 | 1.2% | 1.7% |
| Q4 25 | -2.15× | — | ||
| Q3 25 | 4.71× | — | ||
| Q2 25 | 0.70× | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | — | ||
| Q3 24 | 11.56× | 2.61× | ||
| Q2 24 | — | 4.66× | ||
| Q1 24 | 7.15× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
MASI
Segment breakdown not available.
