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Side-by-side financial comparison of MASIMO CORP (MASI) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $205.4M, roughly 1.8× SunOpta Inc.). SunOpta Inc. runs the higher net margin — 0.4% vs -27.0%, a 27.4% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $12.1M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
MASI vs STKL — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $205.4M |
| Net Profit | $-100.4M | $816.0K |
| Gross Margin | 62.1% | 12.4% |
| Operating Margin | 22.5% | 3.3% |
| Net Margin | -27.0% | 0.4% |
| Revenue YoY | -26.4% | 16.6% |
| Net Profit YoY | -1124.5% | 113.1% |
| EPS (diluted) | $-1.84 | $0.01 |
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.
| Q3 25 | $371.5M | $205.4M | ||
| Q2 25 | $370.9M | $191.5M | ||
| Q1 25 | $372.0M | $201.6M | ||
| Q4 24 | $600.7M | $193.9M | ||
| Q3 24 | $504.6M | $175.9M | ||
| Q2 24 | $496.3M | $169.5M | ||
| Q1 24 | $492.8M | $184.4M | ||
| Q4 23 | $548.9M | $178.1M |
| Q3 25 | $-100.4M | $816.0K | ||
| Q2 25 | $51.3M | $4.4M | ||
| Q1 25 | $-170.7M | $4.8M | ||
| Q4 24 | $-349.6M | $-8.7M | ||
| Q3 24 | $9.8M | $-6.2M | ||
| Q2 24 | $16.0M | $-5.3M | ||
| Q1 24 | $18.9M | $2.9M | ||
| Q4 23 | $33.9M | $-15.5M |
| Q3 25 | 62.1% | 12.4% | ||
| Q2 25 | 62.9% | 14.8% | ||
| Q1 25 | 62.9% | 15.0% | ||
| Q4 24 | 40.7% | 10.9% | ||
| Q3 24 | 52.2% | 13.0% | ||
| Q2 24 | 51.3% | 12.5% | ||
| Q1 24 | 49.0% | 16.8% | ||
| Q4 23 | 47.9% | 14.1% |
| Q3 25 | 22.5% | 3.3% | ||
| Q2 25 | 17.4% | 5.5% | ||
| Q1 25 | 21.0% | 5.2% | ||
| Q4 24 | -59.8% | 1.4% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 5.7% | 1.2% | ||
| Q1 24 | 6.9% | 5.5% | ||
| Q4 23 | 8.0% | 2.1% |
| Q3 25 | -27.0% | 0.4% | ||
| Q2 25 | 13.8% | 2.3% | ||
| Q1 25 | -45.9% | 2.4% | ||
| Q4 24 | -58.2% | -4.5% | ||
| Q3 24 | 1.9% | -3.5% | ||
| Q2 24 | 3.2% | -3.1% | ||
| Q1 24 | 3.8% | 1.6% | ||
| Q4 23 | 6.2% | -8.7% |
| Q3 25 | $-1.84 | $0.01 | ||
| Q2 25 | $0.94 | $0.03 | ||
| Q1 25 | $-3.12 | $0.04 | ||
| Q4 24 | $-6.54 | $-0.08 | ||
| Q3 24 | $0.18 | $-0.05 | ||
| Q2 24 | $0.29 | $-0.04 | ||
| Q1 24 | $0.35 | $0.02 | ||
| Q4 23 | $0.63 | $-0.14 |
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 | $2.2M |
| Total DebtLower is stronger | $559.1M | $250.8M |
| Stockholders' EquityBook value | $810.0M | $162.8M |
| Total Assets | $1.8B | $694.1M |
| Debt / EquityLower = less leverage | 0.69× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $312.3M | $2.2M | ||
| Q2 25 | $149.6M | $2.2M | ||
| Q1 25 | $130.8M | $2.3M | ||
| Q4 24 | $177.6M | $1.6M | ||
| Q3 24 | $158.5M | $2.9M | ||
| Q2 24 | $129.6M | $3.2M | ||
| Q1 24 | $157.6M | $1.5M | ||
| Q4 23 | $163.0M | $306.0K |
| Q3 25 | $559.1M | $250.8M | ||
| Q2 25 | $613.7M | $263.3M | ||
| Q1 25 | $651.0M | $260.6M | ||
| Q4 24 | $765.2M | $265.2M | ||
| Q3 24 | $772.6M | $289.9M | ||
| Q2 24 | $781.6M | $303.1M | ||
| Q1 24 | $876.0M | $258.8M | ||
| Q4 23 | $906.0M | $263.5M |
| Q3 25 | $810.0M | $162.8M | ||
| Q2 25 | $1.0B | $159.8M | ||
| Q1 25 | $946.4M | $154.8M | ||
| Q4 24 | $1.1B | $148.6M | ||
| Q3 24 | $1.5B | $155.0M | ||
| Q2 24 | $1.4B | $158.8M | ||
| Q1 24 | $1.4B | $163.6M | ||
| Q4 23 | $1.4B | $156.3M |
| Q3 25 | $1.8B | $694.1M | ||
| Q2 25 | $2.4B | $704.9M | ||
| Q1 25 | $2.3B | $690.7M | ||
| Q4 24 | $2.6B | $668.5M | ||
| Q3 24 | $3.1B | $699.3M | ||
| Q2 24 | $2.9B | $704.7M | ||
| Q1 24 | $3.0B | $671.8M | ||
| Q4 23 | $3.0B | $667.2M |
| Q3 25 | 0.69× | 1.54× | ||
| Q2 25 | 0.59× | 1.65× | ||
| Q1 25 | 0.69× | 1.68× | ||
| Q4 24 | 0.73× | 1.78× | ||
| Q3 24 | 0.53× | 1.87× | ||
| Q2 24 | 0.57× | 1.91× | ||
| Q1 24 | 0.64× | 1.58× | ||
| Q4 23 | 0.66× | 1.69× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $50.9M | $12.1M |
| FCF MarginFCF / Revenue | 13.7% | 5.9% |
| Capex IntensityCapex / Revenue | 1.6% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $56.8M | $16.3M | ||
| Q2 25 | $69.4M | $-4.5M | ||
| Q1 25 | $31.1M | $22.3M | ||
| Q4 24 | $50.5M | $33.1M | ||
| Q3 24 | $25.6M | $17.2M | ||
| Q2 24 | $74.5M | $-5.6M | ||
| Q1 24 | $45.8M | $5.3M | ||
| Q4 23 | $77.1M | $4.4M |
| Q3 25 | $50.9M | $12.1M | ||
| Q2 25 | $65.6M | $-9.2M | ||
| Q1 25 | $28.5M | $9.5M | ||
| Q4 24 | $46.0M | $24.0M | ||
| Q3 24 | $16.9M | $11.7M | ||
| Q2 24 | $66.9M | $-15.3M | ||
| Q1 24 | $37.6M | $-2.3M | ||
| Q4 23 | $66.2M | $-3.5M |
| Q3 25 | 13.7% | 5.9% | ||
| Q2 25 | 17.7% | -4.8% | ||
| Q1 25 | 7.7% | 4.7% | ||
| Q4 24 | 7.7% | 12.4% | ||
| Q3 24 | 3.3% | 6.6% | ||
| Q2 24 | 13.5% | -9.0% | ||
| Q1 24 | 7.6% | -1.2% | ||
| Q4 23 | 12.1% | -2.0% |
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.0% | 2.5% | ||
| Q1 25 | 0.7% | 6.3% | ||
| Q4 24 | 0.7% | 4.7% | ||
| Q3 24 | 1.7% | 3.2% | ||
| Q2 24 | 1.5% | 5.7% | ||
| Q1 24 | 1.7% | 4.1% | ||
| Q4 23 | 2.0% | 4.5% |
| Q3 25 | — | 20.03× | ||
| Q2 25 | 1.35× | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 1.83× | ||
| Q4 23 | 2.27× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
