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Side-by-side financial comparison of MASIMO CORP (MASI) and ROGERS CORP (ROG). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $200.5M, roughly 1.9× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -27.0%, a 29.3% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $1.1M). Over the past eight quarters, ROGERS CORP's revenue compounded faster (-3.3% 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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
MASI vs ROG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $200.5M |
| Net Profit | $-100.4M | $4.5M |
| Gross Margin | 62.1% | 32.2% |
| Operating Margin | 22.5% | — |
| Net Margin | -27.0% | 2.2% |
| Revenue YoY | -26.4% | 5.2% |
| Net Profit YoY | -1124.5% | 421.4% |
| EPS (diluted) | $-1.84 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | — | $201.5M | ||
| Q3 25 | $371.5M | $216.0M | ||
| Q2 25 | $370.9M | $202.8M | ||
| Q1 25 | $372.0M | $190.5M | ||
| Q4 24 | $600.7M | $192.2M | ||
| Q3 24 | $504.6M | $210.3M | ||
| Q2 24 | $496.3M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $-100.4M | $8.6M | ||
| Q2 25 | $51.3M | $-73.6M | ||
| Q1 25 | $-170.7M | $-1.4M | ||
| Q4 24 | $-349.6M | $-500.0K | ||
| Q3 24 | $9.8M | $10.7M | ||
| Q2 24 | $16.0M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | 62.1% | 33.5% | ||
| Q2 25 | 62.9% | 31.6% | ||
| Q1 25 | 62.9% | 29.9% | ||
| Q4 24 | 40.7% | 32.1% | ||
| Q3 24 | 52.2% | 35.2% | ||
| Q2 24 | 51.3% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | 22.5% | 7.3% | ||
| Q2 25 | 17.4% | -33.3% | ||
| Q1 25 | 21.0% | -0.2% | ||
| Q4 24 | -59.8% | -6.6% | ||
| Q3 24 | 6.0% | 6.9% | ||
| Q2 24 | 5.7% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | -27.0% | 4.0% | ||
| Q2 25 | 13.8% | -36.3% | ||
| Q1 25 | -45.9% | -0.7% | ||
| Q4 24 | -58.2% | -0.3% | ||
| Q3 24 | 1.9% | 5.1% | ||
| Q2 24 | 3.2% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $-1.84 | $0.48 | ||
| Q2 25 | $0.94 | $-4.00 | ||
| Q1 25 | $-3.12 | $-0.08 | ||
| Q4 24 | $-6.54 | $-0.04 | ||
| Q3 24 | $0.18 | $0.58 | ||
| Q2 24 | $0.29 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $1.2B |
| Total Assets | $1.8B | $1.4B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | $312.3M | $167.8M | ||
| Q2 25 | $149.6M | $157.2M | ||
| Q1 25 | $130.8M | $175.6M | ||
| Q4 24 | $177.6M | $159.8M | ||
| Q3 24 | $158.5M | $146.4M | ||
| Q2 24 | $129.6M | $119.9M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $810.0M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $946.4M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $50.9M | $1.1M |
| FCF MarginFCF / Revenue | 13.7% | 0.5% |
| Capex IntensityCapex / Revenue | 1.6% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $56.8M | $28.9M | ||
| Q2 25 | $69.4M | $13.7M | ||
| Q1 25 | $31.1M | $11.7M | ||
| Q4 24 | $50.5M | $33.7M | ||
| Q3 24 | $25.6M | $42.4M | ||
| Q2 24 | $74.5M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | $50.9M | $21.2M | ||
| Q2 25 | $65.6M | $5.6M | ||
| Q1 25 | $28.5M | $2.1M | ||
| Q4 24 | $46.0M | $18.3M | ||
| Q3 24 | $16.9M | $25.2M | ||
| Q2 24 | $66.9M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | 13.7% | 9.8% | ||
| Q2 25 | 17.7% | 2.8% | ||
| Q1 25 | 7.7% | 1.1% | ||
| Q4 24 | 7.7% | 9.5% | ||
| Q3 24 | 3.3% | 12.0% | ||
| Q2 24 | 13.5% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 1.0% | 4.0% | ||
| Q1 25 | 0.7% | 5.0% | ||
| Q4 24 | 0.7% | 8.0% | ||
| Q3 24 | 1.7% | 8.2% | ||
| Q2 24 | 1.5% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | 3.96× | ||
| Q2 24 | 4.66× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
