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Side-by-side financial comparison of MASIMO CORP (MASI) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $219.2M, roughly 1.7× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -27.0%, a 33.3% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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 PWP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $219.2M |
| Net Profit | $-100.4M | $13.8M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 8.5% |
| Net Margin | -27.0% | 6.3% |
| Revenue YoY | -26.4% | -2.9% |
| Net Profit YoY | -1124.5% | — |
| EPS (diluted) | $-1.84 | $0.11 |
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 | — | $219.2M | ||
| Q3 25 | $371.5M | $164.6M | ||
| Q2 25 | $370.9M | $155.3M | ||
| Q1 25 | $372.0M | $211.8M | ||
| Q4 24 | $600.7M | $225.7M | ||
| Q3 24 | $504.6M | $278.2M | ||
| Q2 24 | $496.3M | $272.0M | ||
| Q1 24 | $492.8M | $102.1M |
| Q4 25 | — | $13.8M | ||
| Q3 25 | $-100.4M | $6.0M | ||
| Q2 25 | $51.3M | $2.7M | ||
| Q1 25 | $-170.7M | $17.3M | ||
| Q4 24 | $-349.6M | — | ||
| Q3 24 | $9.8M | $16.4M | ||
| Q2 24 | $16.0M | $-66.0M | ||
| Q1 24 | $18.9M | $-35.8M |
| 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 | — | 8.5% | ||
| Q3 25 | 22.5% | 5.4% | ||
| Q2 25 | 17.4% | 5.8% | ||
| Q1 25 | 21.0% | 5.5% | ||
| Q4 24 | -59.8% | — | ||
| Q3 24 | 6.0% | 12.9% | ||
| Q2 24 | 5.7% | -30.2% | ||
| Q1 24 | 6.9% | -52.4% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | -27.0% | 3.6% | ||
| Q2 25 | 13.8% | 1.8% | ||
| Q1 25 | -45.9% | 8.2% | ||
| Q4 24 | -58.2% | — | ||
| Q3 24 | 1.9% | 5.9% | ||
| Q2 24 | 3.2% | -24.3% | ||
| Q1 24 | 3.8% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-1.84 | $0.08 | ||
| Q2 25 | $0.94 | $0.04 | ||
| Q1 25 | $-3.12 | $0.24 | ||
| Q4 24 | $-6.54 | — | ||
| Q3 24 | $0.18 | $0.24 | ||
| Q2 24 | $0.29 | $-1.21 | ||
| Q1 24 | $0.35 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $-127.4M |
| Total Assets | $1.8B | $797.6M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | $312.3M | $185.5M | ||
| Q2 25 | $149.6M | $145.0M | ||
| Q1 25 | $130.8M | $111.2M | ||
| Q4 24 | $177.6M | $407.4M | ||
| Q3 24 | $158.5M | $335.1M | ||
| Q2 24 | $129.6M | $185.3M | ||
| Q1 24 | $157.6M | $156.7M |
| 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 | — | $-127.4M | ||
| Q3 25 | $810.0M | $-302.4M | ||
| Q2 25 | $1.0B | $-318.4M | ||
| Q1 25 | $946.4M | $-323.1M | ||
| Q4 24 | $1.1B | $-421.4M | ||
| Q3 24 | $1.5B | $-360.8M | ||
| Q2 24 | $1.4B | $-283.0M | ||
| Q1 24 | $1.4B | $161.9M |
| Q4 25 | — | $797.6M | ||
| Q3 25 | $1.8B | $650.2M | ||
| Q2 25 | $2.4B | $606.7M | ||
| Q1 25 | $2.3B | $570.5M | ||
| Q4 24 | $2.6B | $876.8M | ||
| Q3 24 | $3.1B | $810.9M | ||
| Q2 24 | $2.9B | $645.5M | ||
| Q1 24 | $3.0B | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $50.9M | $30.5M |
| FCF MarginFCF / Revenue | 13.7% | 13.9% |
| Capex IntensityCapex / Revenue | 1.6% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $34.8M | ||
| Q3 25 | $56.8M | $59.2M | ||
| Q2 25 | $69.4M | $56.1M | ||
| Q1 25 | $31.1M | $-176.5M | ||
| Q4 24 | $50.5M | $223.4M | ||
| Q3 24 | $25.6M | $200.3M | ||
| Q2 24 | $74.5M | $90.0M | ||
| Q1 24 | $45.8M | $-206.3M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $50.9M | $57.6M | ||
| Q2 25 | $65.6M | $55.3M | ||
| Q1 25 | $28.5M | $-177.6M | ||
| Q4 24 | $46.0M | $207.0M | ||
| Q3 24 | $16.9M | $199.3M | ||
| Q2 24 | $66.9M | $83.7M | ||
| Q1 24 | $37.6M | $-214.8M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 13.7% | 35.0% | ||
| Q2 25 | 17.7% | 35.6% | ||
| Q1 25 | 7.7% | -83.8% | ||
| Q4 24 | 7.7% | 91.7% | ||
| Q3 24 | 3.3% | 71.6% | ||
| Q2 24 | 13.5% | 30.8% | ||
| Q1 24 | 7.6% | -210.3% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 0.7% | 0.5% | ||
| Q4 24 | 0.7% | 7.3% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 1.5% | 2.3% | ||
| Q1 24 | 1.7% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | 1.35× | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | 12.23× | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
