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Side-by-side financial comparison of MASIMO CORP (MASI) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $232.1M, roughly 1.6× RADIANT LOGISTICS, INC). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs -27.0%, a 29.3% gap on every dollar of revenue. On growth, RADIANT LOGISTICS, INC posted the faster year-over-year revenue change (-12.3% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $11.6M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
MASI vs RLGT — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $232.1M |
| Net Profit | $-100.4M | $5.3M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 3.2% |
| Net Margin | -27.0% | 2.3% |
| Revenue YoY | -26.4% | -12.3% |
| Net Profit YoY | -1124.5% | -18.0% |
| 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 | — | $232.1M | ||
| Q3 25 | $371.5M | $226.7M | ||
| Q2 25 | $370.9M | $220.6M | ||
| Q1 25 | $372.0M | $214.0M | ||
| Q4 24 | $600.7M | $264.5M | ||
| Q3 24 | $504.6M | $203.6M | ||
| Q2 24 | $496.3M | $206.0M | ||
| Q1 24 | $492.8M | $184.6M |
| Q4 25 | — | $5.3M | ||
| Q3 25 | $-100.4M | $1.3M | ||
| Q2 25 | $51.3M | $4.9M | ||
| Q1 25 | $-170.7M | $2.5M | ||
| Q4 24 | $-349.6M | $6.5M | ||
| Q3 24 | $9.8M | $3.4M | ||
| Q2 24 | $16.0M | $4.8M | ||
| Q1 24 | $18.9M | $-703.0K |
| 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 | — | 3.2% | ||
| Q3 25 | 22.5% | 0.9% | ||
| Q2 25 | 17.4% | 2.4% | ||
| Q1 25 | 21.0% | 1.6% | ||
| Q4 24 | -59.8% | 3.3% | ||
| Q3 24 | 6.0% | 1.9% | ||
| Q2 24 | 5.7% | 2.4% | ||
| Q1 24 | 6.9% | -0.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | -27.0% | 0.6% | ||
| Q2 25 | 13.8% | 2.2% | ||
| Q1 25 | -45.9% | 1.2% | ||
| Q4 24 | -58.2% | 2.4% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 3.2% | 2.3% | ||
| Q1 24 | 3.8% | -0.4% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-1.84 | $0.03 | ||
| Q2 25 | $0.94 | $0.10 | ||
| Q1 25 | $-3.12 | $0.05 | ||
| Q4 24 | $-6.54 | $0.13 | ||
| Q3 24 | $0.18 | $0.07 | ||
| Q2 24 | $0.29 | $0.11 | ||
| Q1 24 | $0.35 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $229.8M |
| Total Assets | $1.8B | $439.4M |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.9M | ||
| Q3 25 | $312.3M | $28.1M | ||
| Q2 25 | $149.6M | $22.9M | ||
| Q1 25 | $130.8M | $19.0M | ||
| Q4 24 | $177.6M | $19.9M | ||
| Q3 24 | $158.5M | $10.4M | ||
| Q2 24 | $129.6M | $24.9M | ||
| Q1 24 | $157.6M | $31.2M |
| 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 | — | $229.8M | ||
| Q3 25 | $810.0M | $225.7M | ||
| Q2 25 | $1.0B | $226.0M | ||
| Q1 25 | $946.4M | $218.2M | ||
| Q4 24 | $1.1B | $214.4M | ||
| Q3 24 | $1.5B | $212.4M | ||
| Q2 24 | $1.4B | $209.4M | ||
| Q1 24 | $1.4B | $206.0M |
| Q4 25 | — | $439.4M | ||
| Q3 25 | $1.8B | $445.3M | ||
| Q2 25 | $2.4B | $426.8M | ||
| Q1 25 | $2.3B | $414.5M | ||
| Q4 24 | $2.6B | $386.8M | ||
| Q3 24 | $3.1B | $375.3M | ||
| Q2 24 | $2.9B | $371.2M | ||
| Q1 24 | $3.0B | $364.0M |
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | $50.9M | $11.6M |
| FCF MarginFCF / Revenue | 13.7% | 5.0% |
| Capex IntensityCapex / Revenue | 1.6% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.4M | ||
| Q3 25 | $56.8M | $2.5M | ||
| Q2 25 | $69.4M | $3.1M | ||
| Q1 25 | $31.1M | $-5.7M | ||
| Q4 24 | $50.5M | $15.7M | ||
| Q3 24 | $25.6M | $205.0K | ||
| Q2 24 | $74.5M | $1.3M | ||
| Q1 24 | $45.8M | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | $50.9M | $977.0K | ||
| Q2 25 | $65.6M | $2.2M | ||
| Q1 25 | $28.5M | $-6.4M | ||
| Q4 24 | $46.0M | $14.1M | ||
| Q3 24 | $16.9M | $-1.9M | ||
| Q2 24 | $66.9M | $-185.0K | ||
| Q1 24 | $37.6M | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | 13.7% | 0.4% | ||
| Q2 25 | 17.7% | 1.0% | ||
| Q1 25 | 7.7% | -3.0% | ||
| Q4 24 | 7.7% | 5.3% | ||
| Q3 24 | 3.3% | -0.9% | ||
| Q2 24 | 13.5% | -0.1% | ||
| Q1 24 | 7.6% | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.0% | 0.4% | ||
| Q1 25 | 0.7% | 0.3% | ||
| Q4 24 | 0.7% | 0.6% | ||
| Q3 24 | 1.7% | 1.0% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 1.7% | 1.2% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | 1.35× | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | 2.61× | 0.06× | ||
| Q2 24 | 4.66× | 0.26× | ||
| 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.
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
