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Side-by-side financial comparison of Maase Inc. (MAAS) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $9.0M, roughly 1.1× UTAH MEDICAL PRODUCTS INC). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-18.3M).

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

MAAS vs UTMD — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.1× larger
MAAS
$9.9M
$9.0M
UTMD
More free cash flow
UTMD
UTMD
$21.7M more FCF
UTMD
$3.4M
$-18.3M
MAAS

Income Statement — Q2 FY2023 vs Q4 FY2025

Metric
MAAS
MAAS
UTMD
UTMD
Revenue
$9.9M
$9.0M
Net Profit
$2.6M
Gross Margin
78.7%
58.2%
Operating Margin
-55.9%
27.0%
Net Margin
28.4%
Revenue YoY
-1.2%
Net Profit YoY
-11.6%
EPS (diluted)
$0.80

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
MAAS
MAAS
UTMD
UTMD
Q4 25
$9.0M
Q3 25
$9.8M
Q2 25
$10.0M
Q1 25
$9.7M
Q4 24
$9.2M
Q3 24
$10.0M
Q2 24
$10.4M
Q1 24
$11.3M
Net Profit
MAAS
MAAS
UTMD
UTMD
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$3.0M
Q1 25
$3.0M
Q4 24
$2.9M
Q3 24
$3.6M
Q2 24
$3.5M
Q1 24
$4.0M
Gross Margin
MAAS
MAAS
UTMD
UTMD
Q4 25
58.2%
Q3 25
57.1%
Q2 25
56.2%
Q1 25
57.0%
Q4 24
58.1%
Q3 24
58.0%
Q2 24
60.1%
Q1 24
59.7%
Operating Margin
MAAS
MAAS
UTMD
UTMD
Q4 25
27.0%
Q3 25
26.6%
Q2 25
32.1%
Q1 25
32.5%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
33.1%
Q1 24
34.2%
Net Margin
MAAS
MAAS
UTMD
UTMD
Q4 25
28.4%
Q3 25
26.8%
Q2 25
30.6%
Q1 25
31.3%
Q4 24
31.7%
Q3 24
35.6%
Q2 24
33.2%
Q1 24
34.9%
EPS (diluted)
MAAS
MAAS
UTMD
UTMD
Q4 25
$0.80
Q3 25
$0.82
Q2 25
$0.94
Q1 25
$0.92
Q4 24
$0.86
Q3 24
$1.03
Q2 24
$0.98
Q1 24
$1.09

Balance Sheet & Financial Strength

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

Metric
MAAS
MAAS
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$10.9M
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$31.6M
$119.3M
Total Assets
$47.0M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAAS
MAAS
UTMD
UTMD
Q4 25
$85.8M
Q3 25
$84.3M
Q2 25
$82.2M
Q1 25
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
Q2 24
$89.2M
Q1 24
$93.8M
Total Debt
MAAS
MAAS
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MAAS
MAAS
UTMD
UTMD
Q4 25
$119.3M
Q3 25
$118.3M
Q2 25
$117.5M
Q1 25
$117.0M
Q4 24
$117.4M
Q3 24
$124.2M
Q2 24
$124.1M
Q1 24
$127.7M
Total Assets
MAAS
MAAS
UTMD
UTMD
Q4 25
$122.5M
Q3 25
$122.0M
Q2 25
$120.8M
Q1 25
$122.5M
Q4 24
$122.5M
Q3 24
$129.7M
Q2 24
$130.0M
Q1 24
$135.4M
Debt / Equity
MAAS
MAAS
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAAS
MAAS
UTMD
UTMD
Operating Cash FlowLast quarter
$-18.2M
$3.5M
Free Cash FlowOCF − Capex
$-18.3M
$3.4M
FCF MarginFCF / Revenue
-184.4%
37.2%
Capex IntensityCapex / Revenue
1.0%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAAS
MAAS
UTMD
UTMD
Q4 25
$3.5M
Q3 25
$3.9M
Q2 25
$2.9M
Q1 25
$4.5M
Q4 24
$2.9M
Q3 24
$3.9M
Q2 24
$2.8M
Q1 24
$5.3M
Free Cash Flow
MAAS
MAAS
UTMD
UTMD
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$5.3M
FCF Margin
MAAS
MAAS
UTMD
UTMD
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
46.3%
Capex Intensity
MAAS
MAAS
UTMD
UTMD
Q4 25
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
0.2%
Cash Conversion
MAAS
MAAS
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

UTMD
UTMD

Segment breakdown not available.

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