vs
Side-by-side financial comparison of Kinetik Holdings Inc. (KNTK) and MASIMO CORP (MASI). Click either name above to swap in a different company.
Kinetik Holdings Inc. is the larger business by last-quarter revenue ($410.0M vs $371.5M, roughly 1.1× MASIMO CORP). On growth, Kinetik Holdings Inc. posted the faster year-over-year revenue change (-7.5% vs -26.4%). Kinetik Holdings Inc. produced more free cash flow last quarter ($101.4M vs $50.9M). Over the past eight quarters, Kinetik Holdings Inc.'s revenue compounded faster (6.8% CAGR vs -17.7%).
Kinetik Holdings Inc. is a midstream energy infrastructure provider primarily focused on the Permian Basin region. It delivers integrated solutions including natural gas gathering, processing, transportation and storage, as well as crude oil and produced water handling services for upstream oil and gas operators across major energy production areas in the southern United States.
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.
KNTK vs MASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $410.0M | $371.5M |
| Net Profit | — | $-100.4M |
| Gross Margin | — | 62.1% |
| Operating Margin | — | 22.5% |
| Net Margin | — | -27.0% |
| Revenue YoY | -7.5% | -26.4% |
| Net Profit YoY | — | -1124.5% |
| EPS (diluted) | $-0.07 | $-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 | $410.0M | — | ||
| Q4 25 | $430.4M | — | ||
| Q3 25 | $464.0M | $371.5M | ||
| Q2 25 | $426.7M | $370.9M | ||
| Q1 25 | $443.3M | $372.0M | ||
| Q4 24 | $385.7M | $600.7M | ||
| Q3 24 | $396.4M | $504.6M | ||
| Q2 24 | $359.5M | $496.3M |
| Q1 26 | — | — | ||
| Q4 25 | $416.7M | — | ||
| Q3 25 | $5.3M | $-100.4M | ||
| Q2 25 | $23.6M | $51.3M | ||
| Q1 25 | $19.3M | $-170.7M | ||
| Q4 24 | $16.2M | $-349.6M | ||
| Q3 24 | $25.8M | $9.8M | ||
| Q2 24 | $37.2M | $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 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | 4.3% | 22.5% | ||
| Q2 25 | 18.2% | 17.4% | ||
| Q1 25 | 4.3% | 21.0% | ||
| Q4 24 | 6.1% | -59.8% | ||
| Q3 24 | 18.4% | 6.0% | ||
| Q2 24 | 15.7% | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | 96.8% | — | ||
| Q3 25 | 1.1% | -27.0% | ||
| Q2 25 | 5.5% | 13.8% | ||
| Q1 25 | 4.3% | -45.9% | ||
| Q4 24 | 4.2% | -58.2% | ||
| Q3 24 | 6.5% | 1.9% | ||
| Q2 24 | 10.3% | 3.2% |
| Q1 26 | $-0.07 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $0.03 | $-1.84 | ||
| Q2 25 | $0.33 | $0.94 | ||
| Q1 25 | $0.05 | $-3.12 | ||
| Q4 24 | $0.01 | $-6.54 | ||
| Q3 24 | $0.35 | $0.18 | ||
| Q2 24 | $0.54 | $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 | $187.1M | $559.1M |
| Stockholders' EquityBook value | — | $810.0M |
| Total Assets | — | $1.8B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | — | ||
| Q3 25 | $7.7M | $312.3M | ||
| Q2 25 | $10.7M | $149.6M | ||
| Q1 25 | $8.8M | $130.8M | ||
| Q4 24 | $3.6M | $177.6M | ||
| Q3 24 | $20.4M | $158.5M | ||
| Q2 24 | $12.5M | $129.6M |
| Q1 26 | $187.1M | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $4.0B | $559.1M | ||
| Q2 25 | $3.7B | $613.7M | ||
| Q1 25 | $3.6B | $651.0M | ||
| Q4 24 | $3.4B | $765.2M | ||
| Q3 24 | $3.3B | $772.6M | ||
| Q2 24 | $3.3B | $781.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-565.4M | — | ||
| Q3 25 | $-1.8B | $810.0M | ||
| Q2 25 | $-1.6B | $1.0B | ||
| Q1 25 | $-2.5B | $946.4M | ||
| Q4 24 | $-3.0B | $1.1B | ||
| Q3 24 | $-1.7B | $1.5B | ||
| Q2 24 | $-1.2B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | — | ||
| Q3 25 | $7.2B | $1.8B | ||
| Q2 25 | $7.2B | $2.4B | ||
| Q1 25 | $7.0B | $2.3B | ||
| Q4 24 | $6.8B | $2.6B | ||
| Q3 24 | $6.9B | $3.1B | ||
| Q2 24 | $6.9B | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 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 | $185.1M | $56.8M |
| Free Cash FlowOCF − Capex | $101.4M | $50.9M |
| FCF MarginFCF / Revenue | 24.7% | 13.7% |
| Capex IntensityCapex / Revenue | 22.3% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.7M | $191.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $185.1M | — | ||
| Q4 25 | $110.1M | — | ||
| Q3 25 | $188.1M | $56.8M | ||
| Q2 25 | $129.1M | $69.4M | ||
| Q1 25 | $176.8M | $31.1M | ||
| Q4 24 | $144.0M | $50.5M | ||
| Q3 24 | $214.1M | $25.6M | ||
| Q2 24 | $125.5M | $74.5M |
| Q1 26 | $101.4M | — | ||
| Q4 25 | $-24.0M | — | ||
| Q3 25 | $31.6M | $50.9M | ||
| Q2 25 | $1.8M | $65.6M | ||
| Q1 25 | $102.3M | $28.5M | ||
| Q4 24 | $36.3M | $46.0M | ||
| Q3 24 | $155.7M | $16.9M | ||
| Q2 24 | $86.1M | $66.9M |
| Q1 26 | 24.7% | — | ||
| Q4 25 | -5.6% | — | ||
| Q3 25 | 6.8% | 13.7% | ||
| Q2 25 | 0.4% | 17.7% | ||
| Q1 25 | 23.1% | 7.7% | ||
| Q4 24 | 9.4% | 7.7% | ||
| Q3 24 | 39.3% | 3.3% | ||
| Q2 24 | 24.0% | 13.5% |
| Q1 26 | 22.3% | — | ||
| Q4 25 | 31.2% | — | ||
| Q3 25 | 33.7% | 1.6% | ||
| Q2 25 | 29.8% | 1.0% | ||
| Q1 25 | 16.8% | 0.7% | ||
| Q4 24 | 27.9% | 0.7% | ||
| Q3 24 | 14.7% | 1.7% | ||
| Q2 24 | 11.0% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | — | ||
| Q3 25 | 35.73× | — | ||
| Q2 25 | 5.46× | 1.35× | ||
| Q1 25 | 9.18× | — | ||
| Q4 24 | 8.88× | — | ||
| Q3 24 | 8.31× | 2.61× | ||
| Q2 24 | 3.37× | 4.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KNTK
| Product revenue | $312.2M | 76% |
| Service revenue | $93.8M | 23% |
| Other revenue | $4.0M | 1% |
MASI
Segment breakdown not available.
