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Side-by-side financial comparison of MASIMO CORP (MASI) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $368.7M, roughly 1.0× Perion Network Ltd.). Perion Network Ltd. runs the higher net margin — 2.1% vs -27.0%, a 29.1% gap on every dollar of revenue. MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% 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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
MASI vs PERI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $368.7M |
| Net Profit | $-100.4M | $7.7M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 2.0% |
| Net Margin | -27.0% | 2.1% |
| Revenue YoY | -26.4% | — |
| Net Profit YoY | -1124.5% | — |
| EPS (diluted) | $-1.84 | — |
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.
| Q3 25 | $371.5M | $368.7M | ||
| Q2 25 | $370.9M | $266.5M | ||
| Q1 25 | $372.0M | $157.8M | ||
| Q4 24 | $600.7M | — | ||
| Q3 24 | $504.6M | $508.9M | ||
| Q2 24 | $496.3M | $323.6M | ||
| Q1 24 | $492.8M | $145.2M | ||
| Q4 23 | $548.9M | — |
| Q3 25 | $-100.4M | $7.7M | ||
| Q2 25 | $51.3M | $5.6M | ||
| Q1 25 | $-170.7M | $11.8M | ||
| Q4 24 | $-349.6M | — | ||
| Q3 24 | $9.8M | $78.0M | ||
| Q2 24 | $16.0M | $45.2M | ||
| Q1 24 | $18.9M | $23.8M | ||
| Q4 23 | $33.9M | — |
| 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 24 | 49.0% | — | ||
| Q4 23 | 47.9% | — |
| Q3 25 | 22.5% | 2.0% | ||
| Q2 25 | 17.4% | -1.7% | ||
| Q1 25 | 21.0% | 5.4% | ||
| Q4 24 | -59.8% | — | ||
| Q3 24 | 6.0% | 15.1% | ||
| Q2 24 | 5.7% | 13.7% | ||
| Q1 24 | 6.9% | 16.9% | ||
| Q4 23 | 8.0% | — |
| Q3 25 | -27.0% | 2.1% | ||
| Q2 25 | 13.8% | 2.1% | ||
| Q1 25 | -45.9% | 7.5% | ||
| Q4 24 | -58.2% | — | ||
| Q3 24 | 1.9% | 15.3% | ||
| Q2 24 | 3.2% | 14.0% | ||
| Q1 24 | 3.8% | 16.4% | ||
| Q4 23 | 6.2% | — |
| Q3 25 | $-1.84 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $-3.12 | — | ||
| Q4 24 | $-6.54 | — | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $0.35 | — | ||
| Q4 23 | $0.63 | — |
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 | $156.2M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $722.9M |
| Total Assets | $1.8B | $915.5M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $312.3M | $156.2M | ||
| Q2 25 | $149.6M | $156.2M | ||
| Q1 25 | $130.8M | $156.2M | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $158.5M | $187.6M | ||
| Q2 24 | $129.6M | $187.6M | ||
| Q1 24 | $157.6M | $187.6M | ||
| Q4 23 | $163.0M | — |
| 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 23 | $906.0M | — |
| Q3 25 | $810.0M | $722.9M | ||
| Q2 25 | $1.0B | $722.9M | ||
| Q1 25 | $946.4M | $722.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.5B | $718.1M | ||
| Q2 24 | $1.4B | $718.1M | ||
| Q1 24 | $1.4B | $718.1M | ||
| Q4 23 | $1.4B | — |
| Q3 25 | $1.8B | $915.5M | ||
| Q2 25 | $2.4B | $915.5M | ||
| Q1 25 | $2.3B | $915.5M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $3.0B | $1.1B | ||
| Q4 23 | $3.0B | — |
| 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× | — | ||
| Q4 23 | 0.66× | — |
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 | $2.6M |
| Free Cash FlowOCF − Capex | $50.9M | $-2.9M |
| FCF MarginFCF / Revenue | 13.7% | -0.8% |
| Capex IntensityCapex / Revenue | 1.6% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $56.8M | $2.6M | ||
| Q2 25 | $69.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $50.5M | — | ||
| Q3 24 | $25.6M | $105.2M | ||
| Q2 24 | $74.5M | — | ||
| Q1 24 | $45.8M | $17.8M | ||
| Q4 23 | $77.1M | — |
| Q3 25 | $50.9M | $-2.9M | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $16.9M | $104.7M | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | $17.6M | ||
| Q4 23 | $66.2M | — |
| Q3 25 | 13.7% | -0.8% | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 3.3% | 20.6% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | 12.2% | ||
| Q4 23 | 12.1% | — |
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.7% | 0.1% | ||
| Q4 23 | 2.0% | — |
| Q3 25 | — | 0.34× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | 1.35× | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 0.75× | ||
| Q4 23 | 2.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
