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Side-by-side financial comparison of MASIMO CORP (MASI) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $371.5M, roughly 1.4× MASIMO CORP). PJT Partners Inc. runs the higher net margin — 10.0% vs -27.0%, a 37.1% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -26.4%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $50.9M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
MASI vs PJT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $531.4M |
| Net Profit | $-100.4M | $53.4M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 23.1% |
| Net Margin | -27.0% | 10.0% |
| Revenue YoY | -26.4% | 12.9% |
| Net Profit YoY | -1124.5% | 4.0% |
| 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.
| Q4 25 | — | $531.4M | ||
| Q3 25 | $371.5M | $442.3M | ||
| Q2 25 | $370.9M | $401.1M | ||
| Q1 25 | $372.0M | $321.9M | ||
| Q4 24 | $600.7M | $470.5M | ||
| Q3 24 | $504.6M | $320.3M | ||
| Q2 24 | $496.3M | $358.1M | ||
| Q1 24 | $492.8M | $327.1M |
| Q4 25 | — | $53.4M | ||
| Q3 25 | $-100.4M | $39.8M | ||
| Q2 25 | $51.3M | $32.9M | ||
| Q1 25 | $-170.7M | $54.0M | ||
| Q4 24 | $-349.6M | $51.3M | ||
| Q3 24 | $9.8M | $22.1M | ||
| Q2 24 | $16.0M | $28.3M | ||
| Q1 24 | $18.9M | $32.6M |
| Q4 25 | — | — | ||
| 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 25 | — | 23.1% | ||
| Q3 25 | 22.5% | 20.6% | ||
| Q2 25 | 17.4% | 19.1% | ||
| Q1 25 | 21.0% | 16.3% | ||
| Q4 24 | -59.8% | 21.9% | ||
| Q3 24 | 6.0% | 15.4% | ||
| Q2 24 | 5.7% | 18.0% | ||
| Q1 24 | 6.9% | 16.5% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | -27.0% | 9.0% | ||
| Q2 25 | 13.8% | 8.2% | ||
| Q1 25 | -45.9% | 16.8% | ||
| Q4 24 | -58.2% | 10.9% | ||
| Q3 24 | 1.9% | 6.9% | ||
| Q2 24 | 3.2% | 7.9% | ||
| Q1 24 | 3.8% | 10.0% |
| Q4 25 | — | — | ||
| 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 | — |
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 | $538.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $308.2M |
| Total Assets | $1.8B | $1.8B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $538.9M | ||
| Q3 25 | $312.3M | $400.5M | ||
| Q2 25 | $149.6M | $214.6M | ||
| Q1 25 | $130.8M | $194.3M | ||
| Q4 24 | $177.6M | $483.9M | ||
| Q3 24 | $158.5M | $148.8M | ||
| Q2 24 | $129.6M | $164.2M | ||
| Q1 24 | $157.6M | $215.5M |
| 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 | — | $308.2M | ||
| Q3 25 | $810.0M | $228.6M | ||
| Q2 25 | $1.0B | $167.4M | ||
| Q1 25 | $946.4M | $148.8M | ||
| Q4 24 | $1.1B | $187.0M | ||
| Q3 24 | $1.5B | $159.1M | ||
| Q2 24 | $1.4B | $133.8M | ||
| Q1 24 | $1.4B | $174.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $3.0B | $1.3B |
| 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 | $155.7M |
| Free Cash FlowOCF − Capex | $50.9M | $138.6M |
| FCF MarginFCF / Revenue | 13.7% | 26.1% |
| Capex IntensityCapex / Revenue | 1.6% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $155.7M | ||
| Q3 25 | $56.8M | $256.1M | ||
| Q2 25 | $69.4M | $190.4M | ||
| Q1 25 | $31.1M | $-75.9M | ||
| Q4 24 | $50.5M | $195.7M | ||
| Q3 24 | $25.6M | $180.5M | ||
| Q2 24 | $74.5M | $193.6M | ||
| Q1 24 | $45.8M | $-38.8M |
| Q4 25 | — | $138.6M | ||
| Q3 25 | $50.9M | $240.9M | ||
| Q2 25 | $65.6M | $178.9M | ||
| Q1 25 | $28.5M | $-77.9M | ||
| Q4 24 | $46.0M | $195.3M | ||
| Q3 24 | $16.9M | $178.5M | ||
| Q2 24 | $66.9M | $193.0M | ||
| Q1 24 | $37.6M | $-39.2M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | 13.7% | 54.5% | ||
| Q2 25 | 17.7% | 44.6% | ||
| Q1 25 | 7.7% | -24.2% | ||
| Q4 24 | 7.7% | 41.5% | ||
| Q3 24 | 3.3% | 55.7% | ||
| Q2 24 | 13.5% | 53.9% | ||
| Q1 24 | 7.6% | -12.0% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 0.7% | 0.1% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 1.7% | 0.1% |
| Q4 25 | — | 2.92× | ||
| Q3 25 | — | 6.43× | ||
| Q2 25 | 1.35× | 5.79× | ||
| Q1 25 | — | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | 2.61× | 8.15× | ||
| Q2 24 | 4.66× | 6.84× | ||
| Q1 24 | 2.42× | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
