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Side-by-side financial comparison of MASIMO CORP (MASI) and Penguin Solutions, Inc. (PENG). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $343.1M, roughly 1.1× Penguin Solutions, Inc.). Penguin Solutions, Inc. runs the higher net margin — 1.5% vs -27.0%, a 28.6% gap on every dollar of revenue. On growth, Penguin Solutions, Inc. posted the faster year-over-year revenue change (0.6% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $28.2M). Over the past eight quarters, Penguin Solutions, Inc.'s revenue compounded faster (11.8% 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.
The Lampo Group, LLC, doing business as Ramsey Solutions, is an American company that provides products and services relating to personal finance, leadership development, interpersonal relationships, and professional development. Founded in 1991 by Dave Ramsey and his wife, Sharon, the company is based in Franklin, Tennessee.
MASI vs PENG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $343.1M |
| Net Profit | $-100.4M | $5.3M |
| Gross Margin | 62.1% | 28.0% |
| Operating Margin | 22.5% | 5.7% |
| Net Margin | -27.0% | 1.5% |
| Revenue YoY | -26.4% | 0.6% |
| Net Profit YoY | -1124.5% | 1.0% |
| EPS (diluted) | $-1.84 | $0.04 |
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 | — | $343.1M | ||
| Q3 25 | $371.5M | $337.9M | ||
| Q2 25 | $370.9M | $324.3M | ||
| Q1 25 | $372.0M | $365.5M | ||
| Q4 24 | $600.7M | $341.1M | ||
| Q3 24 | $504.6M | $284.8M | ||
| Q2 24 | $496.3M | $300.6M | ||
| Q1 24 | $492.8M | — |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $-100.4M | $9.4M | ||
| Q2 25 | $51.3M | $2.7M | ||
| Q1 25 | $-170.7M | $8.1M | ||
| Q4 24 | $-349.6M | $5.2M | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $16.0M | $5.6M | ||
| Q1 24 | $18.9M | — |
| Q4 25 | — | 28.0% | ||
| Q3 25 | 62.1% | 28.6% | ||
| Q2 25 | 62.9% | 29.3% | ||
| Q1 25 | 62.9% | 28.6% | ||
| Q4 24 | 40.7% | 28.7% | ||
| Q3 24 | 52.2% | 28.8% | ||
| Q2 24 | 51.3% | 29.6% | ||
| Q1 24 | 49.0% | — |
| Q4 25 | — | 5.7% | ||
| Q3 25 | 22.5% | 3.7% | ||
| Q2 25 | 17.4% | 3.0% | ||
| Q1 25 | 21.0% | 5.1% | ||
| Q4 24 | -59.8% | 5.1% | ||
| Q3 24 | 6.0% | -1.2% | ||
| Q2 24 | 5.7% | 3.8% | ||
| Q1 24 | 6.9% | — |
| Q4 25 | — | 1.5% | ||
| Q3 25 | -27.0% | 2.8% | ||
| Q2 25 | 13.8% | 0.8% | ||
| Q1 25 | -45.9% | 2.2% | ||
| Q4 24 | -58.2% | 1.5% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 3.2% | 1.9% | ||
| Q1 24 | 3.8% | — |
| Q4 25 | — | $0.04 | ||
| Q3 25 | $-1.84 | $0.10 | ||
| Q2 25 | $0.94 | $-0.01 | ||
| Q1 25 | $-3.12 | $0.09 | ||
| Q4 24 | $-6.54 | $0.10 | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.29 | $0.10 | ||
| Q1 24 | $0.35 | — |
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 | $461.5M |
| Total DebtLower is stronger | $559.1M | $462.3M |
| Stockholders' EquityBook value | $810.0M | $389.7M |
| Total Assets | $1.8B | $1.6B |
| Debt / EquityLower = less leverage | 0.69× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $461.5M | ||
| Q3 25 | $312.3M | $453.8M | ||
| Q2 25 | $149.6M | $735.5M | ||
| Q1 25 | $130.8M | $647.0M | ||
| Q4 24 | $177.6M | $393.7M | ||
| Q3 24 | $158.5M | $389.5M | ||
| Q2 24 | $129.6M | $467.5M | ||
| Q1 24 | $157.6M | — |
| Q4 25 | — | $462.3M | ||
| Q3 25 | $559.1M | $461.8M | ||
| Q2 25 | $613.7M | $659.5M | ||
| Q1 25 | $651.0M | $658.8M | ||
| Q4 24 | $765.2M | $658.1M | ||
| Q3 24 | $772.6M | $657.3M | ||
| Q2 24 | $781.6M | $667.0M | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $389.7M | ||
| Q3 25 | $810.0M | $394.2M | ||
| Q2 25 | $1.0B | $584.8M | ||
| Q1 25 | $946.4M | $602.5M | ||
| Q4 24 | $1.1B | $400.4M | ||
| Q3 24 | $1.5B | $391.4M | ||
| Q2 24 | $1.4B | $423.4M | ||
| Q1 24 | $1.4B | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.5B | ||
| Q1 24 | $3.0B | — |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.69× | 1.17× | ||
| Q2 25 | 0.59× | 1.13× | ||
| Q1 25 | 0.69× | 1.09× | ||
| Q4 24 | 0.73× | 1.64× | ||
| Q3 24 | 0.53× | 1.68× | ||
| Q2 24 | 0.57× | 1.58× | ||
| 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 | $31.1M |
| Free Cash FlowOCF − Capex | $50.9M | $28.2M |
| FCF MarginFCF / Revenue | 13.7% | 8.2% |
| Capex IntensityCapex / Revenue | 1.6% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 5.89× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $116.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.1M | ||
| Q3 25 | $56.8M | $-70.4M | ||
| Q2 25 | $69.4M | $92.8M | ||
| Q1 25 | $31.1M | $72.9M | ||
| Q4 24 | $50.5M | $13.8M | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $74.5M | $57.9M | ||
| Q1 24 | $45.8M | — |
| Q4 25 | — | $28.2M | ||
| Q3 25 | $50.9M | $-73.4M | ||
| Q2 25 | $65.6M | $90.9M | ||
| Q1 25 | $28.5M | $70.5M | ||
| Q4 24 | $46.0M | $12.0M | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | $48.9M | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | 8.2% | ||
| Q3 25 | 13.7% | -21.7% | ||
| Q2 25 | 17.7% | 28.0% | ||
| Q1 25 | 7.7% | 19.3% | ||
| Q4 24 | 7.7% | 3.5% | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | 16.3% | ||
| Q1 24 | 7.6% | — |
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 0.7% | 0.5% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | 5.89× | ||
| Q3 25 | — | -7.47× | ||
| Q2 25 | 1.35× | 34.88× | ||
| Q1 25 | — | 9.02× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 10.30× | ||
| Q1 24 | 2.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
