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Side-by-side financial comparison of MASIMO CORP (MASI) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -26.4%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $50.9M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
MASI vs PLMR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $253.4M |
| Net Profit | $-100.4M | — |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 28.7% |
| Net Margin | -27.0% | — |
| Revenue YoY | -26.4% | 62.7% |
| Net Profit YoY | -1124.5% | — |
| EPS (diluted) | $-1.84 | $2.05 |
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 | — | $253.4M | ||
| Q3 25 | $371.5M | $244.7M | ||
| Q2 25 | $370.9M | $203.3M | ||
| Q1 25 | $372.0M | $174.6M | ||
| Q4 24 | $600.7M | $155.8M | ||
| Q3 24 | $504.6M | $148.5M | ||
| Q2 24 | $496.3M | $131.1M | ||
| Q1 24 | $492.8M | $118.5M |
| Q4 25 | — | — | ||
| Q3 25 | $-100.4M | $51.5M | ||
| Q2 25 | $51.3M | $46.5M | ||
| Q1 25 | $-170.7M | $42.9M | ||
| Q4 24 | $-349.6M | — | ||
| Q3 24 | $9.8M | $30.5M | ||
| Q2 24 | $16.0M | $25.7M | ||
| Q1 24 | $18.9M | $26.4M |
| 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 | — | 28.7% | ||
| Q3 25 | 22.5% | 27.4% | ||
| Q2 25 | 17.4% | 29.5% | ||
| Q1 25 | 21.0% | 30.8% | ||
| Q4 24 | -59.8% | 28.9% | ||
| Q3 24 | 6.0% | 25.9% | ||
| Q2 24 | 5.7% | 25.5% | ||
| Q1 24 | 6.9% | 29.0% |
| Q4 25 | — | — | ||
| Q3 25 | -27.0% | 21.0% | ||
| Q2 25 | 13.8% | 22.9% | ||
| Q1 25 | -45.9% | 24.6% | ||
| Q4 24 | -58.2% | — | ||
| Q3 24 | 1.9% | 20.5% | ||
| Q2 24 | 3.2% | 19.6% | ||
| Q1 24 | 3.8% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | $-1.84 | $1.87 | ||
| Q2 25 | $0.94 | $1.68 | ||
| Q1 25 | $-3.12 | $1.57 | ||
| Q4 24 | $-6.54 | $1.29 | ||
| Q3 24 | $0.18 | $1.15 | ||
| Q2 24 | $0.29 | $1.00 | ||
| Q1 24 | $0.35 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $942.7M |
| Total Assets | $1.8B | $3.1B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.9M | ||
| Q3 25 | $312.3M | $111.7M | ||
| Q2 25 | $149.6M | $81.3M | ||
| Q1 25 | $130.8M | $119.3M | ||
| Q4 24 | $177.6M | $80.4M | ||
| Q3 24 | $158.5M | $86.5M | ||
| Q2 24 | $129.6M | $47.8M | ||
| Q1 24 | $157.6M | $61.4M |
| 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 | — | $942.7M | ||
| Q3 25 | $810.0M | $878.1M | ||
| Q2 25 | $1.0B | $847.2M | ||
| Q1 25 | $946.4M | $790.4M | ||
| Q4 24 | $1.1B | $729.0M | ||
| Q3 24 | $1.5B | $703.3M | ||
| Q2 24 | $1.4B | $532.6M | ||
| Q1 24 | $1.4B | $501.7M |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $2.3B | $2.4B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $3.0B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | $50.9M | $409.0M |
| FCF MarginFCF / Revenue | 13.7% | 161.4% |
| Capex IntensityCapex / Revenue | 1.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $409.1M | ||
| Q3 25 | $56.8M | $83.6M | ||
| Q2 25 | $69.4M | $120.9M | ||
| Q1 25 | $31.1M | $87.2M | ||
| Q4 24 | $50.5M | $261.2M | ||
| Q3 24 | $25.6M | $100.3M | ||
| Q2 24 | $74.5M | $55.1M | ||
| Q1 24 | $45.8M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | $50.9M | $83.6M | ||
| Q2 25 | $65.6M | $120.8M | ||
| Q1 25 | $28.5M | $87.1M | ||
| Q4 24 | $46.0M | $260.9M | ||
| Q3 24 | $16.9M | $100.1M | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | 13.7% | 34.2% | ||
| Q2 25 | 17.7% | 59.4% | ||
| Q1 25 | 7.7% | 49.9% | ||
| Q4 24 | 7.7% | 167.5% | ||
| Q3 24 | 3.3% | 67.4% | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.0% | 0.0% | ||
| Q1 25 | 0.7% | 0.0% | ||
| Q4 24 | 0.7% | 0.2% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.5% | 0.0% | ||
| Q1 24 | 1.7% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | 1.35× | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | 3.29× | ||
| Q2 24 | 4.66× | 2.14× | ||
| Q1 24 | 2.42× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
