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Side-by-side financial comparison of MASIMO CORP (MASI) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $330.5M, roughly 1.1× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -27.0%, a 33.3% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $45.0M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
MASI vs PAY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $330.5M |
| Net Profit | $-100.4M | $20.7M |
| Gross Margin | 62.1% | 25.4% |
| Operating Margin | 22.5% | 7.3% |
| Net Margin | -27.0% | 6.3% |
| Revenue YoY | -26.4% | 28.1% |
| Net Profit YoY | -1124.5% | 57.2% |
| EPS (diluted) | $-1.84 | $0.16 |
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 | — | $330.5M | ||
| Q3 25 | $371.5M | $310.7M | ||
| Q2 25 | $370.9M | $280.1M | ||
| Q1 25 | $372.0M | $275.2M | ||
| Q4 24 | $600.7M | $257.9M | ||
| Q3 24 | $504.6M | $231.6M | ||
| Q2 24 | $496.3M | $197.4M | ||
| Q1 24 | $492.8M | $184.9M |
| Q4 25 | — | $20.7M | ||
| Q3 25 | $-100.4M | $17.7M | ||
| Q2 25 | $51.3M | $14.7M | ||
| Q1 25 | $-170.7M | $13.8M | ||
| Q4 24 | $-349.6M | $13.1M | ||
| Q3 24 | $9.8M | $14.4M | ||
| Q2 24 | $16.0M | $9.4M | ||
| Q1 24 | $18.9M | $7.2M |
| Q4 25 | — | 25.4% | ||
| Q3 25 | 62.1% | 24.1% | ||
| Q2 25 | 62.9% | 25.5% | ||
| Q1 25 | 62.9% | 24.0% | ||
| Q4 24 | 40.7% | 25.6% | ||
| Q3 24 | 52.2% | 26.2% | ||
| Q2 24 | 51.3% | 29.8% | ||
| Q1 24 | 49.0% | 28.5% |
| Q4 25 | — | 7.3% | ||
| Q3 25 | 22.5% | 6.4% | ||
| Q2 25 | 17.4% | 5.7% | ||
| Q1 25 | 21.0% | 5.7% | ||
| Q4 24 | -59.8% | 5.5% | ||
| Q3 24 | 6.0% | 5.2% | ||
| Q2 24 | 5.7% | 5.2% | ||
| Q1 24 | 6.9% | 4.5% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | -27.0% | 5.7% | ||
| Q2 25 | 13.8% | 5.3% | ||
| Q1 25 | -45.9% | 5.0% | ||
| Q4 24 | -58.2% | 5.1% | ||
| Q3 24 | 1.9% | 6.2% | ||
| Q2 24 | 3.2% | 4.7% | ||
| Q1 24 | 3.8% | 3.9% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | $-1.84 | $0.14 | ||
| Q2 25 | $0.94 | $0.11 | ||
| Q1 25 | $-3.12 | $0.11 | ||
| Q4 24 | $-6.54 | $0.11 | ||
| Q3 24 | $0.18 | $0.11 | ||
| Q2 24 | $0.29 | $0.07 | ||
| Q1 24 | $0.35 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $560.4M |
| Total Assets | $1.8B | $667.9M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $320.9M | ||
| Q3 25 | $312.3M | $287.9M | ||
| Q2 25 | $149.6M | $266.4M | ||
| Q1 25 | $130.8M | $245.8M | ||
| Q4 24 | $177.6M | $205.9M | ||
| Q3 24 | $158.5M | $187.5M | ||
| Q2 24 | $129.6M | $188.8M | ||
| Q1 24 | $157.6M | $180.1M |
| 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 24 | $876.0M | — |
| Q4 25 | — | $560.4M | ||
| Q3 25 | $810.0M | $537.4M | ||
| Q2 25 | $1.0B | $516.7M | ||
| Q1 25 | $946.4M | $500.4M | ||
| Q4 24 | $1.1B | $485.6M | ||
| Q3 24 | $1.5B | $468.8M | ||
| Q2 24 | $1.4B | $451.6M | ||
| Q1 24 | $1.4B | $439.4M |
| Q4 25 | — | $667.9M | ||
| Q3 25 | $1.8B | $644.4M | ||
| Q2 25 | $2.4B | $609.5M | ||
| Q1 25 | $2.3B | $590.9M | ||
| Q4 24 | $2.6B | $576.2M | ||
| Q3 24 | $3.1B | $552.9M | ||
| Q2 24 | $2.9B | $527.7M | ||
| Q1 24 | $3.0B | $514.0M |
| 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× | — | ||
| Q1 24 | 0.64× | — |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $50.9M | $45.0M |
| FCF MarginFCF / Revenue | 13.7% | 13.6% |
| Capex IntensityCapex / Revenue | 1.6% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $45.1M | ||
| Q3 25 | $56.8M | $35.1M | ||
| Q2 25 | $69.4M | $31.5M | ||
| Q1 25 | $31.1M | $50.4M | ||
| Q4 24 | $50.5M | $27.9M | ||
| Q3 24 | $25.6M | $6.7M | ||
| Q2 24 | $74.5M | $18.0M | ||
| Q1 24 | $45.8M | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | $50.9M | $35.0M | ||
| Q2 25 | $65.6M | $31.4M | ||
| Q1 25 | $28.5M | $50.4M | ||
| Q4 24 | $46.0M | $27.8M | ||
| Q3 24 | $16.9M | $6.7M | ||
| Q2 24 | $66.9M | $17.8M | ||
| Q1 24 | $37.6M | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | 13.7% | 11.3% | ||
| Q2 25 | 17.7% | 11.2% | ||
| Q1 25 | 7.7% | 18.3% | ||
| Q4 24 | 7.7% | 10.8% | ||
| Q3 24 | 3.3% | 2.9% | ||
| Q2 24 | 13.5% | 9.0% | ||
| Q1 24 | 7.6% | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.7% | 0.0% | ||
| Q3 24 | 1.7% | 0.0% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 1.7% | 0.1% |
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | 1.35× | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | 2.61× | 0.47× | ||
| Q2 24 | 4.66× | 1.93× | ||
| Q1 24 | 2.42× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
