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Side-by-side financial comparison of MASIMO CORP (MASI) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $297.1M, roughly 1.3× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs -27.0%, a 82.7% gap on every dollar of revenue. On growth, MGIC INVESTMENT CORP posted the faster year-over-year revenue change (-3.0% vs -26.4%). Over the past eight quarters, MGIC INVESTMENT CORP's revenue compounded faster (-1.4% 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.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
MASI vs MTG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $297.1M |
| Net Profit | $-100.4M | $165.3M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | — |
| Net Margin | -27.0% | 55.6% |
| Revenue YoY | -26.4% | -3.0% |
| Net Profit YoY | -1124.5% | -10.9% |
| EPS (diluted) | $-1.84 | $0.76 |
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 | — | $297.1M | ||
| Q4 25 | — | $298.7M | ||
| Q3 25 | $371.5M | $304.5M | ||
| Q2 25 | $370.9M | $304.2M | ||
| Q1 25 | $372.0M | $306.2M | ||
| Q4 24 | $600.7M | $301.4M | ||
| Q3 24 | $504.6M | $306.6M | ||
| Q2 24 | $496.3M | $305.3M |
| Q1 26 | — | $165.3M | ||
| Q4 25 | — | $169.3M | ||
| Q3 25 | $-100.4M | $191.1M | ||
| Q2 25 | $51.3M | $192.5M | ||
| Q1 25 | $-170.7M | $185.5M | ||
| Q4 24 | $-349.6M | $184.7M | ||
| Q3 24 | $9.8M | $200.0M | ||
| Q2 24 | $16.0M | $204.2M |
| 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 | — | 71.2% | ||
| Q3 25 | 22.5% | 77.2% | ||
| Q2 25 | 17.4% | 80.9% | ||
| Q1 25 | 21.0% | 76.6% | ||
| Q4 24 | -59.8% | 77.9% | ||
| Q3 24 | 6.0% | 82.9% | ||
| Q2 24 | 5.7% | 85.1% |
| Q1 26 | — | 55.6% | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | -27.0% | 62.8% | ||
| Q2 25 | 13.8% | 63.3% | ||
| Q1 25 | -45.9% | 60.6% | ||
| Q4 24 | -58.2% | 61.3% | ||
| Q3 24 | 1.9% | 65.2% | ||
| Q2 24 | 3.2% | 66.9% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $0.75 | ||
| Q3 25 | $-1.84 | $0.83 | ||
| Q2 25 | $0.94 | $0.81 | ||
| Q1 25 | $-3.12 | $0.75 | ||
| Q4 24 | $-6.54 | $0.71 | ||
| Q3 24 | $0.18 | $0.77 | ||
| Q2 24 | $0.29 | $0.77 |
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 | $235.1M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $5.0B |
| Total Assets | $1.8B | $6.4B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $235.1M | ||
| Q4 25 | — | $369.0M | ||
| Q3 25 | $312.3M | $266.9M | ||
| Q2 25 | $149.6M | $294.9M | ||
| Q1 25 | $130.8M | $207.0M | ||
| Q4 24 | $177.6M | $229.5M | ||
| Q3 24 | $158.5M | $288.6M | ||
| Q2 24 | $129.6M | $281.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $5.0B | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | $810.0M | $5.2B | ||
| Q2 25 | $1.0B | $5.2B | ||
| Q1 25 | $946.4M | $5.1B | ||
| Q4 24 | $1.1B | $5.2B | ||
| Q3 24 | $1.5B | $5.3B | ||
| Q2 24 | $1.4B | $5.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | — | $6.6B | ||
| Q3 25 | $1.8B | $6.6B | ||
| Q2 25 | $2.4B | $6.5B | ||
| Q1 25 | $2.3B | $6.5B | ||
| Q4 24 | $2.6B | $6.5B | ||
| Q3 24 | $3.1B | $6.7B | ||
| Q2 24 | $2.9B | $6.5B |
| 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 | $56.8M | — |
| Free Cash FlowOCF − Capex | $50.9M | — |
| FCF MarginFCF / Revenue | 13.7% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $230.8M | ||
| Q3 25 | $56.8M | $215.4M | ||
| Q2 25 | $69.4M | $183.0M | ||
| Q1 25 | $31.1M | $223.7M | ||
| Q4 24 | $50.5M | $182.4M | ||
| Q3 24 | $25.6M | $182.9M | ||
| Q2 24 | $74.5M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $230.2M | ||
| Q3 25 | $50.9M | $215.1M | ||
| Q2 25 | $65.6M | $183.0M | ||
| Q1 25 | $28.5M | $223.5M | ||
| Q4 24 | $46.0M | $181.9M | ||
| Q3 24 | $16.9M | $182.5M | ||
| Q2 24 | $66.9M | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 77.1% | ||
| Q3 25 | 13.7% | 70.6% | ||
| Q2 25 | 17.7% | 60.1% | ||
| Q1 25 | 7.7% | 73.0% | ||
| Q4 24 | 7.7% | 60.3% | ||
| Q3 24 | 3.3% | 59.5% | ||
| Q2 24 | 13.5% | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.7% | 0.2% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 1.35× | 0.95× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 2.61× | 0.91× | ||
| Q2 24 | 4.66× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
