vs
Side-by-side financial comparison of MASIMO CORP (MASI) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $371.5M, roughly 1.9× MASIMO CORP). OCEANEERING INTERNATIONAL INC runs the higher net margin — 5.2% vs -27.0%, a 32.2% gap on every dollar of revenue. On growth, OCEANEERING INTERNATIONAL INC posted the faster year-over-year revenue change (3.6% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-76.5M). Over the past eight quarters, OCEANEERING INTERNATIONAL INC's revenue compounded faster (1.8% 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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
MASI vs OII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $692.4M |
| Net Profit | $-100.4M | $36.1M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | — |
| Net Margin | -27.0% | 5.2% |
| Revenue YoY | -26.4% | 3.6% |
| Net Profit YoY | -1124.5% | -28.3% |
| EPS (diluted) | $-1.84 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | — | $668.6M | ||
| Q3 25 | $371.5M | $742.9M | ||
| Q2 25 | $370.9M | $698.2M | ||
| Q1 25 | $372.0M | $674.5M | ||
| Q4 24 | $600.7M | $713.5M | ||
| Q3 24 | $504.6M | $679.8M | ||
| Q2 24 | $496.3M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | — | $177.7M | ||
| Q3 25 | $-100.4M | $71.3M | ||
| Q2 25 | $51.3M | $54.4M | ||
| Q1 25 | $-170.7M | $50.4M | ||
| Q4 24 | $-349.6M | $56.1M | ||
| Q3 24 | $9.8M | $41.2M | ||
| Q2 24 | $16.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | 62.1% | 20.6% | ||
| Q2 25 | 62.9% | 21.3% | ||
| Q1 25 | 62.9% | 20.0% | ||
| Q4 24 | 40.7% | 19.9% | ||
| Q3 24 | 52.2% | 19.3% | ||
| Q2 24 | 51.3% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 22.5% | 11.6% | ||
| Q2 25 | 17.4% | 11.3% | ||
| Q1 25 | 21.0% | 10.9% | ||
| Q4 24 | -59.8% | 10.9% | ||
| Q3 24 | 6.0% | 10.5% | ||
| Q2 24 | 5.7% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | -27.0% | 9.6% | ||
| Q2 25 | 13.8% | 7.8% | ||
| Q1 25 | -45.9% | 7.5% | ||
| Q4 24 | -58.2% | 7.9% | ||
| Q3 24 | 1.9% | 6.1% | ||
| Q2 24 | 3.2% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | — | $1.75 | ||
| Q3 25 | $-1.84 | $0.71 | ||
| Q2 25 | $0.94 | $0.54 | ||
| Q1 25 | $-3.12 | $0.49 | ||
| Q4 24 | $-6.54 | $0.55 | ||
| Q3 24 | $0.18 | $0.40 | ||
| Q2 24 | $0.29 | $0.34 |
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 | — |
| Total DebtLower is stronger | $559.1M | $488.8M |
| Stockholders' EquityBook value | $810.0M | $1.1B |
| Total Assets | $1.8B | $2.6B |
| Debt / EquityLower = less leverage | 0.69× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | $312.3M | $7.0M | ||
| Q2 25 | $149.6M | $7.0M | ||
| Q1 25 | $130.8M | $7.0M | ||
| Q4 24 | $177.6M | $504.5M | ||
| Q3 24 | $158.5M | — | ||
| Q2 24 | $129.6M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $482.0M | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $810.0M | $907.7M | ||
| Q2 25 | $1.0B | $842.1M | ||
| Q1 25 | $946.4M | $773.1M | ||
| Q4 24 | $1.1B | $714.3M | ||
| Q3 24 | $1.5B | $698.0M | ||
| Q2 24 | $1.4B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $2.9B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 0.67× | ||
| 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 | $-76.5M |
| FCF MarginFCF / Revenue | 13.7% | -11.1% |
| Capex IntensityCapex / Revenue | 1.6% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $221.1M | ||
| Q3 25 | $56.8M | $101.3M | ||
| Q2 25 | $69.4M | $77.2M | ||
| Q1 25 | $31.1M | $-80.7M | ||
| Q4 24 | $50.5M | $128.4M | ||
| Q3 24 | $25.6M | $91.9M | ||
| Q2 24 | $74.5M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $50.9M | $77.0M | ||
| Q2 25 | $65.6M | $46.9M | ||
| Q1 25 | $28.5M | $-106.8M | ||
| Q4 24 | $46.0M | $94.5M | ||
| Q3 24 | $16.9M | $67.0M | ||
| Q2 24 | $66.9M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 13.7% | 10.4% | ||
| Q2 25 | 17.7% | 6.7% | ||
| Q1 25 | 7.7% | -15.8% | ||
| Q4 24 | 7.7% | 13.2% | ||
| Q3 24 | 3.3% | 9.9% | ||
| Q2 24 | 13.5% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.6% | 3.3% | ||
| Q2 25 | 1.0% | 4.3% | ||
| Q1 25 | 0.7% | 3.9% | ||
| Q4 24 | 0.7% | 4.7% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 1.5% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | 1.35× | 1.42× | ||
| Q1 25 | — | -1.60× | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | 2.61× | 2.23× | ||
| Q2 24 | 4.66× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
