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Side-by-side financial comparison of KILROY REALTY CORP (KRC) 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 $272.2M, roughly 1.4× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -27.0%, a 33.3% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -26.4%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $50.9M). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% CAGR vs -17.7%).

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

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.

KRC vs MASI — Head-to-Head

Bigger by revenue
MASI
MASI
1.4× larger
MASI
$371.5M
$272.2M
KRC
Growing faster (revenue YoY)
KRC
KRC
+21.4% gap
KRC
-5.0%
-26.4%
MASI
Higher net margin
KRC
KRC
33.3% more per $
KRC
6.3%
-27.0%
MASI
More free cash flow
KRC
KRC
$399.4M more FCF
KRC
$450.3M
$50.9M
MASI
Faster 2-yr revenue CAGR
KRC
KRC
Annualised
KRC
-1.2%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KRC
KRC
MASI
MASI
Revenue
$272.2M
$371.5M
Net Profit
$17.1M
$-100.4M
Gross Margin
62.1%
Operating Margin
22.5%
Net Margin
6.3%
-27.0%
Revenue YoY
-5.0%
-26.4%
Net Profit YoY
-73.7%
-1124.5%
EPS (diluted)
$0.11
$-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
KRC
KRC
MASI
MASI
Q4 25
$272.2M
Q3 25
$279.7M
$371.5M
Q2 25
$289.9M
$370.9M
Q1 25
$270.8M
$372.0M
Q4 24
$286.4M
$600.7M
Q3 24
$289.9M
$504.6M
Q2 24
$280.7M
$496.3M
Q1 24
$278.6M
$492.8M
Net Profit
KRC
KRC
MASI
MASI
Q4 25
$17.1M
Q3 25
$162.3M
$-100.4M
Q2 25
$79.6M
$51.3M
Q1 25
$43.7M
$-170.7M
Q4 24
$65.0M
$-349.6M
Q3 24
$57.7M
$9.8M
Q2 24
$54.5M
$16.0M
Q1 24
$55.7M
$18.9M
Gross Margin
KRC
KRC
MASI
MASI
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 24
49.0%
Operating Margin
KRC
KRC
MASI
MASI
Q4 25
Q3 25
22.5%
Q2 25
17.4%
Q1 25
21.0%
Q4 24
-59.8%
Q3 24
6.0%
Q2 24
5.7%
Q1 24
6.9%
Net Margin
KRC
KRC
MASI
MASI
Q4 25
6.3%
Q3 25
58.0%
-27.0%
Q2 25
27.4%
13.8%
Q1 25
16.1%
-45.9%
Q4 24
22.7%
-58.2%
Q3 24
19.9%
1.9%
Q2 24
19.4%
3.2%
Q1 24
20.0%
3.8%
EPS (diluted)
KRC
KRC
MASI
MASI
Q4 25
$0.11
Q3 25
$1.31
$-1.84
Q2 25
$0.57
$0.94
Q1 25
$0.33
$-3.12
Q4 24
$0.50
$-6.54
Q3 24
$0.44
$0.18
Q2 24
$0.41
$0.29
Q1 24
$0.42
$0.35

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$179.3M
$312.3M
Total DebtLower is stronger
$559.1M
Stockholders' EquityBook value
$5.4B
$810.0M
Total Assets
$10.9B
$1.8B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
MASI
MASI
Q4 25
$179.3M
Q3 25
$372.4M
$312.3M
Q2 25
$193.1M
$149.6M
Q1 25
$146.7M
$130.8M
Q4 24
$165.7M
$177.6M
Q3 24
$625.4M
$158.5M
Q2 24
$835.9M
$129.6M
Q1 24
$855.0M
$157.6M
Total Debt
KRC
KRC
MASI
MASI
Q4 25
Q3 25
$559.1M
Q2 25
$613.7M
Q1 25
$651.0M
Q4 24
$765.2M
Q3 24
$772.6M
Q2 24
$781.6M
Q1 24
$876.0M
Stockholders' Equity
KRC
KRC
MASI
MASI
Q4 25
$5.4B
Q3 25
$5.5B
$810.0M
Q2 25
$5.4B
$1.0B
Q1 25
$5.4B
$946.4M
Q4 24
$5.4B
$1.1B
Q3 24
$5.4B
$1.5B
Q2 24
$5.4B
$1.4B
Q1 24
$5.4B
$1.4B
Total Assets
KRC
KRC
MASI
MASI
Q4 25
$10.9B
Q3 25
$11.0B
$1.8B
Q2 25
$10.9B
$2.4B
Q1 25
$10.9B
$2.3B
Q4 24
$10.9B
$2.6B
Q3 24
$11.4B
$3.1B
Q2 24
$11.5B
$2.9B
Q1 24
$11.6B
$3.0B
Debt / Equity
KRC
KRC
MASI
MASI
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×
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
KRC
KRC
MASI
MASI
Operating Cash FlowLast quarter
$566.3M
$56.8M
Free Cash FlowOCF − Capex
$450.3M
$50.9M
FCF MarginFCF / Revenue
165.4%
13.7%
Capex IntensityCapex / Revenue
42.6%
1.6%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$833.0M
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
MASI
MASI
Q4 25
$566.3M
Q3 25
$176.6M
$56.8M
Q2 25
$143.7M
$69.4M
Q1 25
$136.9M
$31.1M
Q4 24
$541.1M
$50.5M
Q3 24
$176.3M
$25.6M
Q2 24
$88.7M
$74.5M
Q1 24
$167.9M
$45.8M
Free Cash Flow
KRC
KRC
MASI
MASI
Q4 25
$450.3M
Q3 25
$148.7M
$50.9M
Q2 25
$118.4M
$65.6M
Q1 25
$115.6M
$28.5M
Q4 24
$440.8M
$46.0M
Q3 24
$147.2M
$16.9M
Q2 24
$69.5M
$66.9M
Q1 24
$151.9M
$37.6M
FCF Margin
KRC
KRC
MASI
MASI
Q4 25
165.4%
Q3 25
53.1%
13.7%
Q2 25
40.9%
17.7%
Q1 25
42.7%
7.7%
Q4 24
153.9%
7.7%
Q3 24
50.8%
3.3%
Q2 24
24.7%
13.5%
Q1 24
54.5%
7.6%
Capex Intensity
KRC
KRC
MASI
MASI
Q4 25
42.6%
Q3 25
10.0%
1.6%
Q2 25
8.7%
1.0%
Q1 25
7.9%
0.7%
Q4 24
35.0%
0.7%
Q3 24
10.1%
1.7%
Q2 24
6.8%
1.5%
Q1 24
5.7%
1.7%
Cash Conversion
KRC
KRC
MASI
MASI
Q4 25
33.10×
Q3 25
1.09×
Q2 25
1.81×
1.35×
Q1 25
3.13×
Q4 24
8.32×
Q3 24
3.06×
2.61×
Q2 24
1.63×
4.66×
Q1 24
3.01×
2.42×

Financial Flow Comparison

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

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