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

MDU RESOURCES GROUP INC is the larger business by last-quarter revenue ($522.6M vs $371.5M, roughly 1.4× MASIMO CORP). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs -27.0%, a 41.6% gap on every dollar of revenue. On growth, MDU RESOURCES GROUP INC posted the faster year-over-year revenue change (-1.6% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-336.0M). Over the past eight quarters, MDU RESOURCES GROUP INC's revenue compounded faster (-5.7% CAGR vs -17.7%).

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.

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

MASI vs MDU — Head-to-Head

Bigger by revenue
MDU
MDU
1.4× larger
MDU
$522.6M
$371.5M
MASI
Growing faster (revenue YoY)
MDU
MDU
+24.8% gap
MDU
-1.6%
-26.4%
MASI
Higher net margin
MDU
MDU
41.6% more per $
MDU
14.6%
-27.0%
MASI
More free cash flow
MASI
MASI
$386.9M more FCF
MASI
$50.9M
$-336.0M
MDU
Faster 2-yr revenue CAGR
MDU
MDU
Annualised
MDU
-5.7%
-17.7%
MASI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MASI
MASI
MDU
MDU
Revenue
$371.5M
$522.6M
Net Profit
$-100.4M
$76.3M
Gross Margin
62.1%
Operating Margin
22.5%
20.5%
Net Margin
-27.0%
14.6%
Revenue YoY
-26.4%
-1.6%
Net Profit YoY
-1124.5%
38.4%
EPS (diluted)
$-1.84
$0.37

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
MASI
MASI
MDU
MDU
Q4 25
$522.6M
Q3 25
$371.5M
$313.6M
Q2 25
$370.9M
$348.7M
Q1 25
$372.0M
$678.0M
Q4 24
$600.7M
$531.0M
Q3 24
$504.6M
$290.7M
Q2 24
$496.3M
$343.1M
Q1 24
$492.8M
$588.2M
Net Profit
MASI
MASI
MDU
MDU
Q4 25
$76.3M
Q3 25
$-100.4M
$18.3M
Q2 25
$51.3M
$13.8M
Q1 25
$-170.7M
$82.0M
Q4 24
$-349.6M
$55.2M
Q3 24
$9.8M
$64.6M
Q2 24
$16.0M
$60.4M
Q1 24
$18.9M
$100.9M
Gross Margin
MASI
MASI
MDU
MDU
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
MASI
MASI
MDU
MDU
Q4 25
20.5%
Q3 25
22.5%
12.7%
Q2 25
17.4%
8.7%
Q1 25
21.0%
16.6%
Q4 24
-59.8%
17.8%
Q3 24
6.0%
12.0%
Q2 24
5.7%
11.5%
Q1 24
6.9%
16.4%
Net Margin
MASI
MASI
MDU
MDU
Q4 25
14.6%
Q3 25
-27.0%
5.8%
Q2 25
13.8%
4.0%
Q1 25
-45.9%
12.1%
Q4 24
-58.2%
10.4%
Q3 24
1.9%
22.2%
Q2 24
3.2%
17.6%
Q1 24
3.8%
17.2%
EPS (diluted)
MASI
MASI
MDU
MDU
Q4 25
$0.37
Q3 25
$-1.84
$0.09
Q2 25
$0.94
$0.07
Q1 25
$-3.12
$0.40
Q4 24
$-6.54
$0.26
Q3 24
$0.18
$0.32
Q2 24
$0.29
$0.30
Q1 24
$0.35
$0.49

Balance Sheet & Financial Strength

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

Metric
MASI
MASI
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$312.3M
$28.2M
Total DebtLower is stronger
$559.1M
$2.7B
Stockholders' EquityBook value
$810.0M
$2.8B
Total Assets
$1.8B
$7.6B
Debt / EquityLower = less leverage
0.69×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MASI
MASI
MDU
MDU
Q4 25
$28.2M
Q3 25
$312.3M
$75.9M
Q2 25
$149.6M
$58.8M
Q1 25
$130.8M
$59.5M
Q4 24
$177.6M
$66.9M
Q3 24
$158.5M
$88.3M
Q2 24
$129.6M
$78.8M
Q1 24
$157.6M
$72.7M
Total Debt
MASI
MASI
MDU
MDU
Q4 25
$2.7B
Q3 25
$559.1M
$2.4B
Q2 25
$613.7M
$2.2B
Q1 25
$651.0M
$2.2B
Q4 24
$765.2M
$2.3B
Q3 24
$772.6M
$2.3B
Q2 24
$781.6M
$2.3B
Q1 24
$876.0M
$2.3B
Stockholders' Equity
MASI
MASI
MDU
MDU
Q4 25
$2.8B
Q3 25
$810.0M
$2.7B
Q2 25
$1.0B
$2.7B
Q1 25
$946.4M
$2.7B
Q4 24
$1.1B
$2.7B
Q3 24
$1.5B
$3.1B
Q2 24
$1.4B
$3.0B
Q1 24
$1.4B
$3.0B
Total Assets
MASI
MASI
MDU
MDU
Q4 25
$7.6B
Q3 25
$1.8B
$7.2B
Q2 25
$2.4B
$6.9B
Q1 25
$2.3B
$7.0B
Q4 24
$2.6B
$7.0B
Q3 24
$3.1B
$8.2B
Q2 24
$2.9B
$8.0B
Q1 24
$3.0B
$7.8B
Debt / Equity
MASI
MASI
MDU
MDU
Q4 25
0.97×
Q3 25
0.69×
0.86×
Q2 25
0.59×
0.80×
Q1 25
0.69×
0.80×
Q4 24
0.73×
0.85×
Q3 24
0.53×
0.76×
Q2 24
0.57×
0.75×
Q1 24
0.64×
0.76×

Cash Flow & Capital Efficiency

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

Metric
MASI
MASI
MDU
MDU
Operating Cash FlowLast quarter
$56.8M
$80.6M
Free Cash FlowOCF − Capex
$50.9M
$-336.0M
FCF MarginFCF / Revenue
13.7%
-64.3%
Capex IntensityCapex / Revenue
1.6%
79.7%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$191.0M
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MASI
MASI
MDU
MDU
Q4 25
$80.6M
Q3 25
$56.8M
$57.9M
Q2 25
$69.4M
$117.4M
Q1 25
$31.1M
$217.5M
Q4 24
$50.5M
$60.5M
Q3 24
$25.6M
$140.2M
Q2 24
$74.5M
$136.5M
Q1 24
$45.8M
$165.1M
Free Cash Flow
MASI
MASI
MDU
MDU
Q4 25
$-336.0M
Q3 25
$50.9M
$-121.9M
Q2 25
$65.6M
$36.5M
Q1 25
$28.5M
$124.4M
Q4 24
$46.0M
$-95.8M
Q3 24
$16.9M
$673.0K
Q2 24
$66.9M
$26.5M
Q1 24
$37.6M
$48.1M
FCF Margin
MASI
MASI
MDU
MDU
Q4 25
-64.3%
Q3 25
13.7%
-38.9%
Q2 25
17.7%
10.5%
Q1 25
7.7%
18.4%
Q4 24
7.7%
-18.0%
Q3 24
3.3%
0.2%
Q2 24
13.5%
7.7%
Q1 24
7.6%
8.2%
Capex Intensity
MASI
MASI
MDU
MDU
Q4 25
79.7%
Q3 25
1.6%
57.3%
Q2 25
1.0%
23.2%
Q1 25
0.7%
13.7%
Q4 24
0.7%
29.4%
Q3 24
1.7%
48.0%
Q2 24
1.5%
32.0%
Q1 24
1.7%
19.9%
Cash Conversion
MASI
MASI
MDU
MDU
Q4 25
1.06×
Q3 25
3.16×
Q2 25
1.35×
8.52×
Q1 25
2.65×
Q4 24
1.10×
Q3 24
2.61×
2.17×
Q2 24
4.66×
2.26×
Q1 24
2.42×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MASI
MASI

Segment breakdown not available.

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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