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Side-by-side financial comparison of MASIMO CORP (MASI) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $267.3M, roughly 1.4× Metallus Inc.). Metallus Inc. runs the higher net margin — -5.3% vs -27.0%, a 21.7% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-37.2M). Over the past eight quarters, Metallus Inc.'s revenue compounded faster (-8.8% 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.
MASI vs MTUS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $267.3M |
| Net Profit | $-100.4M | $-14.3M |
| Gross Margin | 62.1% | 2.2% |
| Operating Margin | 22.5% | -7.7% |
| Net Margin | -27.0% | -5.3% |
| Revenue YoY | -26.4% | 11.1% |
| Net Profit YoY | -1124.5% | 33.2% |
| EPS (diluted) | $-1.84 | $-0.34 |
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.
| Q4 25 | — | $267.3M | ||
| Q3 25 | $371.5M | $305.9M | ||
| Q2 25 | $370.9M | $304.6M | ||
| Q1 25 | $372.0M | $280.5M | ||
| Q4 24 | $600.7M | $240.5M | ||
| Q3 24 | $504.6M | $227.2M | ||
| Q2 24 | $496.3M | $294.7M | ||
| Q1 24 | $492.8M | $321.6M |
| Q4 25 | — | $-14.3M | ||
| Q3 25 | $-100.4M | $8.1M | ||
| Q2 25 | $51.3M | $3.7M | ||
| Q1 25 | $-170.7M | $1.3M | ||
| Q4 24 | $-349.6M | $-21.4M | ||
| Q3 24 | $9.8M | $-5.9M | ||
| Q2 24 | $16.0M | $4.6M | ||
| Q1 24 | $18.9M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 62.1% | 11.4% | ||
| Q2 25 | 62.9% | 10.6% | ||
| Q1 25 | 62.9% | 7.8% | ||
| Q4 24 | 40.7% | 4.5% | ||
| Q3 24 | 52.2% | 5.3% | ||
| Q2 24 | 51.3% | 8.2% | ||
| Q1 24 | 49.0% | 15.7% |
| Q4 25 | — | -7.7% | ||
| Q3 25 | 22.5% | 3.6% | ||
| Q2 25 | 17.4% | 2.8% | ||
| Q1 25 | 21.0% | 1.0% | ||
| Q4 24 | -59.8% | -10.1% | ||
| Q3 24 | 6.0% | -3.1% | ||
| Q2 24 | 5.7% | 2.1% | ||
| Q1 24 | 6.9% | 9.3% |
| Q4 25 | — | -5.3% | ||
| Q3 25 | -27.0% | 2.6% | ||
| Q2 25 | 13.8% | 1.2% | ||
| Q1 25 | -45.9% | 0.5% | ||
| Q4 24 | -58.2% | -8.9% | ||
| Q3 24 | 1.9% | -2.6% | ||
| Q2 24 | 3.2% | 1.6% | ||
| Q1 24 | 3.8% | 7.5% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | $-1.84 | $0.19 | ||
| Q2 25 | $0.94 | $0.09 | ||
| Q1 25 | $-3.12 | $0.03 | ||
| Q4 24 | $-6.54 | $-0.46 | ||
| Q3 24 | $0.18 | $-0.13 | ||
| Q2 24 | $0.29 | $0.10 | ||
| Q1 24 | $0.35 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $686.0M |
| Total Assets | $1.8B | $1.1B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $156.7M | ||
| Q3 25 | $312.3M | $191.5M | ||
| Q2 25 | $149.6M | $190.8M | ||
| Q1 25 | $130.8M | $180.3M | ||
| Q4 24 | $177.6M | $240.7M | ||
| Q3 24 | $158.5M | $254.6M | ||
| Q2 24 | $129.6M | $272.8M | ||
| Q1 24 | $157.6M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | $0 | ||
| Q2 25 | $613.7M | $0 | ||
| Q1 25 | $651.0M | $5.4M | ||
| Q4 24 | $765.2M | $5.4M | ||
| Q3 24 | $772.6M | $13.2M | ||
| Q2 24 | $781.6M | $13.2M | ||
| Q1 24 | $876.0M | $13.2M |
| Q4 25 | — | $686.0M | ||
| Q3 25 | $810.0M | $697.7M | ||
| Q2 25 | $1.0B | $690.0M | ||
| Q1 25 | $946.4M | $686.1M | ||
| Q4 24 | $1.1B | $690.5M | ||
| Q3 24 | $1.5B | $712.7M | ||
| Q2 24 | $1.4B | $736.3M | ||
| Q1 24 | $1.4B | $739.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $3.0B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | 0.00× | ||
| Q2 25 | 0.59× | 0.00× | ||
| Q1 25 | 0.69× | 0.01× | ||
| Q4 24 | 0.73× | 0.01× | ||
| Q3 24 | 0.53× | 0.02× | ||
| Q2 24 | 0.57× | 0.02× | ||
| Q1 24 | 0.64× | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $50.9M | $-37.2M |
| FCF MarginFCF / Revenue | 13.7% | -13.9% |
| Capex IntensityCapex / Revenue | 1.6% | 13.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $56.8M | $22.0M | ||
| Q2 25 | $69.4M | $34.8M | ||
| Q1 25 | $31.1M | $-38.9M | ||
| Q4 24 | $50.5M | $13.9M | ||
| Q3 24 | $25.6M | $-15.3M | ||
| Q2 24 | $74.5M | $8.3M | ||
| Q1 24 | $45.8M | $33.4M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | $50.9M | $-6.4M | ||
| Q2 25 | $65.6M | $17.0M | ||
| Q1 25 | $28.5M | $-66.4M | ||
| Q4 24 | $46.0M | $-1.3M | ||
| Q3 24 | $16.9M | $-32.9M | ||
| Q2 24 | $66.9M | $-5.8M | ||
| Q1 24 | $37.6M | $16.0M |
| Q4 25 | — | -13.9% | ||
| Q3 25 | 13.7% | -2.1% | ||
| Q2 25 | 17.7% | 5.6% | ||
| Q1 25 | 7.7% | -23.7% | ||
| Q4 24 | 7.7% | -0.5% | ||
| Q3 24 | 3.3% | -14.5% | ||
| Q2 24 | 13.5% | -2.0% | ||
| Q1 24 | 7.6% | 5.0% |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 1.6% | 9.3% | ||
| Q2 25 | 1.0% | 5.8% | ||
| Q1 25 | 0.7% | 9.8% | ||
| Q4 24 | 0.7% | 6.3% | ||
| Q3 24 | 1.7% | 7.7% | ||
| Q2 24 | 1.5% | 4.8% | ||
| Q1 24 | 1.7% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | 1.35× | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 1.80× | ||
| Q1 24 | 2.42× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
