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Side-by-side financial comparison of MASIMO CORP (MASI) and Maxeon Solar Technologies, Ltd. (MAXN). Click either name above to swap in a different company.
Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $371.5M, roughly 1.4× MASIMO CORP). MASIMO CORP runs the higher net margin — -27.0% vs -120.7%, a 93.7% gap on every dollar of revenue. On growth, MASIMO CORP posted the faster year-over-year revenue change (-26.4% vs -54.7%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-322.3M).
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.
Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.
MASI vs MAXN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $509.0M |
| Net Profit | $-100.4M | $-614.3M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | -113.3% |
| Net Margin | -27.0% | -120.7% |
| Revenue YoY | -26.4% | -54.7% |
| Net Profit YoY | -1124.5% | -122.7% |
| EPS (diluted) | $-1.84 | $-96.00 |
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.
| Q3 25 | $371.5M | — | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $372.0M | — | ||
| Q4 24 | $600.7M | $509.0M | ||
| Q3 24 | $504.6M | — | ||
| Q2 24 | $496.3M | — | ||
| Q1 24 | $492.8M | — | ||
| Q4 23 | $548.9M | — |
| Q3 25 | $-100.4M | — | ||
| Q2 25 | $51.3M | — | ||
| Q1 25 | $-170.7M | — | ||
| Q4 24 | $-349.6M | $-614.3M | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | $18.9M | — | ||
| Q4 23 | $33.9M | — |
| 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% | — | ||
| Q4 23 | 47.9% | — |
| Q3 25 | 22.5% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | -59.8% | -113.3% | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 6.9% | — | ||
| Q4 23 | 8.0% | — |
| Q3 25 | -27.0% | — | ||
| Q2 25 | 13.8% | — | ||
| Q1 25 | -45.9% | — | ||
| Q4 24 | -58.2% | -120.7% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 3.8% | — | ||
| Q4 23 | 6.2% | — |
| Q3 25 | $-1.84 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $-3.12 | — | ||
| Q4 24 | $-6.54 | $-96.00 | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $0.35 | — | ||
| Q4 23 | $0.63 | — |
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 | $28.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $-293.8M |
| Total Assets | $1.8B | $376.3M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $312.3M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $130.8M | — | ||
| Q4 24 | $177.6M | $28.9M | ||
| Q3 24 | $158.5M | — | ||
| Q2 24 | $129.6M | — | ||
| Q1 24 | $157.6M | — | ||
| Q4 23 | $163.0M | — |
| 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 | — | ||
| Q4 23 | $906.0M | — |
| Q3 25 | $810.0M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $946.4M | — | ||
| Q4 24 | $1.1B | $-293.8M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — | ||
| Q4 23 | $1.4B | — |
| Q3 25 | $1.8B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.6B | $376.3M | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $3.0B | — | ||
| Q4 23 | $3.0B | — |
| 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× | — | ||
| Q4 23 | 0.66× | — |
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 | $56.8M | $-270.2M |
| Free Cash FlowOCF − Capex | $50.9M | $-322.3M |
| FCF MarginFCF / Revenue | 13.7% | -63.3% |
| Capex IntensityCapex / Revenue | 1.6% | 10.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $56.8M | — | ||
| Q2 25 | $69.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $50.5M | $-270.2M | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $74.5M | — | ||
| Q1 24 | $45.8M | — | ||
| Q4 23 | $77.1M | — |
| Q3 25 | $50.9M | — | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | $-322.3M | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | — | ||
| Q4 23 | $66.2M | — |
| Q3 25 | 13.7% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | -63.3% | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | — | ||
| Q4 23 | 12.1% | — |
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | 10.2% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.7% | — | ||
| Q4 23 | 2.0% | — |
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — | ||
| Q4 23 | 2.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
