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Side-by-side financial comparison of IAC Inc. (IAC) and MASIMO CORP (MASI). Click either name above to swap in a different company.

IAC Inc. is the larger business by last-quarter revenue ($646.0M vs $371.5M, roughly 1.7× MASIMO CORP). IAC Inc. runs the higher net margin — -11.9% vs -27.0%, a 15.1% gap on every dollar of revenue. On growth, IAC Inc. posted the faster year-over-year revenue change (-10.5% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $31.4M). Over the past eight quarters, IAC Inc.'s revenue compounded faster (1.7% CAGR vs -17.7%).

IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc., the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999. The firm's television assets then were sold to Vivendi in 2002.

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.

IAC vs MASI — Head-to-Head

Bigger by revenue
IAC
IAC
1.7× larger
IAC
$646.0M
$371.5M
MASI
Growing faster (revenue YoY)
IAC
IAC
+15.9% gap
IAC
-10.5%
-26.4%
MASI
Higher net margin
IAC
IAC
15.1% more per $
IAC
-11.9%
-27.0%
MASI
More free cash flow
MASI
MASI
$19.5M more FCF
MASI
$50.9M
$31.4M
IAC
Faster 2-yr revenue CAGR
IAC
IAC
Annualised
IAC
1.7%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IAC
IAC
MASI
MASI
Revenue
$646.0M
$371.5M
Net Profit
$-76.8M
$-100.4M
Gross Margin
69.8%
62.1%
Operating Margin
-17.5%
22.5%
Net Margin
-11.9%
-27.0%
Revenue YoY
-10.5%
-26.4%
Net Profit YoY
61.4%
-1124.5%
EPS (diluted)
$-0.96
$-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.

Revenue
IAC
IAC
MASI
MASI
Q4 25
$646.0M
Q3 25
$589.8M
$371.5M
Q2 25
$586.9M
$370.9M
Q1 25
$570.5M
$372.0M
Q4 24
$721.4M
$600.7M
Q3 24
$642.0M
$504.6M
Q2 24
$634.4M
$496.3M
Q1 24
$624.3M
$492.8M
Net Profit
IAC
IAC
MASI
MASI
Q4 25
$-76.8M
Q3 25
$-21.9M
$-100.4M
Q2 25
$211.5M
$51.3M
Q1 25
$-216.8M
$-170.7M
Q4 24
$-199.0M
$-349.6M
Q3 24
$-243.7M
$9.8M
Q2 24
$-142.2M
$16.0M
Q1 24
$45.0M
$18.9M
Gross Margin
IAC
IAC
MASI
MASI
Q4 25
69.8%
Q3 25
64.8%
62.1%
Q2 25
65.6%
62.9%
Q1 25
64.0%
62.9%
Q4 24
65.8%
40.7%
Q3 24
62.1%
52.2%
Q2 24
60.1%
51.3%
Q1 24
58.4%
49.0%
Operating Margin
IAC
IAC
MASI
MASI
Q4 25
-17.5%
Q3 25
-3.5%
22.5%
Q2 25
0.1%
17.4%
Q1 25
6.3%
21.0%
Q4 24
6.7%
-59.8%
Q3 24
1.3%
6.0%
Q2 24
-3.4%
5.7%
Q1 24
-10.2%
6.9%
Net Margin
IAC
IAC
MASI
MASI
Q4 25
-11.9%
Q3 25
-3.7%
-27.0%
Q2 25
36.0%
13.8%
Q1 25
-38.0%
-45.9%
Q4 24
-27.6%
-58.2%
Q3 24
-38.0%
1.9%
Q2 24
-22.4%
3.2%
Q1 24
7.2%
3.8%
EPS (diluted)
IAC
IAC
MASI
MASI
Q4 25
$-0.96
Q3 25
$-0.27
$-1.84
Q2 25
$2.57
$0.94
Q1 25
$-2.64
$-3.12
Q4 24
$-2.36
$-6.54
Q3 24
$-2.93
$0.18
Q2 24
$-1.71
$0.29
Q1 24
$0.51
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IAC
IAC
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$960.2M
$312.3M
Total DebtLower is stronger
$1.4B
$559.1M
Stockholders' EquityBook value
$4.7B
$810.0M
Total Assets
$7.1B
$1.8B
Debt / EquityLower = less leverage
0.30×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IAC
IAC
MASI
MASI
Q4 25
$960.2M
Q3 25
$1.0B
$312.3M
Q2 25
$1.1B
$149.6M
Q1 25
$1.2B
$130.8M
Q4 24
$1.4B
$177.6M
Q3 24
$1.3B
$158.5M
Q2 24
$1.3B
$129.6M
Q1 24
$1.3B
$157.6M
Total Debt
IAC
IAC
MASI
MASI
Q4 25
$1.4B
Q3 25
$1.4B
$559.1M
Q2 25
$1.4B
$613.7M
Q1 25
$651.0M
Q4 24
$765.2M
Q3 24
$772.6M
Q2 24
$781.6M
Q1 24
$876.0M
Stockholders' Equity
IAC
IAC
MASI
MASI
Q4 25
$4.7B
Q3 25
$4.8B
$810.0M
Q2 25
$4.9B
$1.0B
Q1 25
$4.7B
$946.4M
Q4 24
$5.6B
$1.1B
Q3 24
$5.8B
$1.5B
Q2 24
$6.0B
$1.4B
Q1 24
$6.1B
$1.4B
Total Assets
IAC
IAC
MASI
MASI
Q4 25
$7.1B
Q3 25
$7.2B
$1.8B
Q2 25
$7.4B
$2.4B
Q1 25
$7.2B
$2.3B
Q4 24
$9.7B
$2.6B
Q3 24
$9.8B
$3.1B
Q2 24
$10.2B
$2.9B
Q1 24
$10.4B
$3.0B
Debt / Equity
IAC
IAC
MASI
MASI
Q4 25
0.30×
Q3 25
0.30×
0.69×
Q2 25
0.30×
0.59×
Q1 25
0.69×
Q4 24
0.73×
Q3 24
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
IAC
IAC
MASI
MASI
Operating Cash FlowLast quarter
$36.6M
$56.8M
Free Cash FlowOCF − Capex
$31.4M
$50.9M
FCF MarginFCF / Revenue
4.9%
13.7%
Capex IntensityCapex / Revenue
0.8%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$44.8M
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IAC
IAC
MASI
MASI
Q4 25
$36.6M
Q3 25
$30.1M
$56.8M
Q2 25
$-2.8M
$69.4M
Q1 25
$63.0K
$31.1M
Q4 24
$110.1M
$50.5M
Q3 24
$95.3M
$25.6M
Q2 24
$85.0M
$74.5M
Q1 24
$64.1M
$45.8M
Free Cash Flow
IAC
IAC
MASI
MASI
Q4 25
$31.4M
Q3 25
$25.3M
$50.9M
Q2 25
$-7.2M
$65.6M
Q1 25
$-4.6M
$28.5M
Q4 24
$104.8M
$46.0M
Q3 24
$92.0M
$16.9M
Q2 24
$81.6M
$66.9M
Q1 24
$61.1M
$37.6M
FCF Margin
IAC
IAC
MASI
MASI
Q4 25
4.9%
Q3 25
4.3%
13.7%
Q2 25
-1.2%
17.7%
Q1 25
-0.8%
7.7%
Q4 24
14.5%
7.7%
Q3 24
14.3%
3.3%
Q2 24
12.9%
13.5%
Q1 24
9.8%
7.6%
Capex Intensity
IAC
IAC
MASI
MASI
Q4 25
0.8%
Q3 25
0.8%
1.6%
Q2 25
0.8%
1.0%
Q1 25
0.8%
0.7%
Q4 24
0.7%
0.7%
Q3 24
0.5%
1.7%
Q2 24
0.5%
1.5%
Q1 24
0.5%
1.7%
Cash Conversion
IAC
IAC
MASI
MASI
Q4 25
Q3 25
Q2 25
-0.01×
1.35×
Q1 25
Q4 24
Q3 24
2.61×
Q2 24
4.66×
Q1 24
1.42×
2.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IAC
IAC

Print$168.5M26%
Performance Marketing$101.2M16%
Care.com$85.7M13%
Subscription$69.5M11%
Licensing And Other$43.8M7%
Consumer Revenue$43.2M7%
Advertising$35.9M6%
Project And Other Print$33.6M5%
Advertising Google$28.9M4%
Newsstand$22.4M3%
Emerging Other$19.6M3%

MASI
MASI

Segment breakdown not available.

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