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Side-by-side financial comparison of MASIMO CORP (MASI) and SYNAPTICS Inc (SYNA). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $302.5M, roughly 1.2× SYNAPTICS Inc). SYNAPTICS Inc runs the higher net margin — -4.9% vs -27.0%, a 22.1% gap on every dollar of revenue. On growth, SYNAPTICS Inc posted the faster year-over-year revenue change (13.2% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $18.2M). Over the past eight quarters, SYNAPTICS Inc's revenue compounded faster (12.9% 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.
Synaptics, Inc. is an American neural network technologies and computer-to-human interface devices development company based in San Jose, California. It develops touchpads and fingerprint biometrics technology for computer laptops; touch, display driver, and fingerprint biometrics technology for smartphones; and touch, video and far-field voice, low-power AI processors, and wireless technology for smart home devices, wearables, and automobiles. Synaptics sells its products to original equipme...
MASI vs SYNA — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $302.5M |
| Net Profit | $-100.4M | $-14.8M |
| Gross Margin | 62.1% | 43.5% |
| Operating Margin | 22.5% | -5.0% |
| Net Margin | -27.0% | -4.9% |
| Revenue YoY | -26.4% | 13.2% |
| Net Profit YoY | -1124.5% | -922.2% |
| EPS (diluted) | $-1.84 | $-0.38 |
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 | — | $302.5M | ||
| Q3 25 | $371.5M | $292.5M | ||
| Q2 25 | $370.9M | $282.8M | ||
| Q1 25 | $372.0M | $266.6M | ||
| Q4 24 | $600.7M | $267.2M | ||
| Q3 24 | $504.6M | $257.7M | ||
| Q2 24 | $496.3M | $247.4M | ||
| Q1 24 | $492.8M | $237.3M |
| Q4 25 | — | $-14.8M | ||
| Q3 25 | $-100.4M | $-20.6M | ||
| Q2 25 | $51.3M | $-4.7M | ||
| Q1 25 | $-170.7M | $-21.8M | ||
| Q4 24 | $-349.6M | $1.8M | ||
| Q3 24 | $9.8M | $-23.1M | ||
| Q2 24 | $16.0M | $208.3M | ||
| Q1 24 | $18.9M | $-18.1M |
| Q4 25 | — | 43.5% | ||
| Q3 25 | 62.1% | 42.6% | ||
| Q2 25 | 62.9% | 43.0% | ||
| Q1 25 | 62.9% | 43.4% | ||
| Q4 24 | 40.7% | 45.7% | ||
| Q3 24 | 52.2% | 46.9% | ||
| Q2 24 | 51.3% | 45.8% | ||
| Q1 24 | 49.0% | 46.5% |
| Q4 25 | — | -5.0% | ||
| Q3 25 | 22.5% | -7.9% | ||
| Q2 25 | 17.4% | -8.6% | ||
| Q1 25 | 21.0% | -9.9% | ||
| Q4 24 | -59.8% | -5.7% | ||
| Q3 24 | 6.0% | -11.0% | ||
| Q2 24 | 5.7% | -12.6% | ||
| Q1 24 | 6.9% | -7.3% |
| Q4 25 | — | -4.9% | ||
| Q3 25 | -27.0% | -7.0% | ||
| Q2 25 | 13.8% | -1.7% | ||
| Q1 25 | -45.9% | -8.2% | ||
| Q4 24 | -58.2% | 0.7% | ||
| Q3 24 | 1.9% | -9.0% | ||
| Q2 24 | 3.2% | 84.2% | ||
| Q1 24 | 3.8% | -7.6% |
| Q4 25 | — | $-0.38 | ||
| Q3 25 | $-1.84 | $-0.53 | ||
| Q2 25 | $0.94 | $-0.13 | ||
| Q1 25 | $-3.12 | $-0.56 | ||
| Q4 24 | $-6.54 | $0.05 | ||
| Q3 24 | $0.18 | $-0.58 | ||
| Q2 24 | $0.29 | $5.28 | ||
| Q1 24 | $0.35 | $-0.46 |
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 | $437.4M |
| Total DebtLower is stronger | $559.1M | $836.0M |
| Stockholders' EquityBook value | $810.0M | $1.4B |
| Total Assets | $1.8B | $2.6B |
| Debt / EquityLower = less leverage | 0.69× | 0.60× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $437.4M | ||
| Q3 25 | $312.3M | $459.9M | ||
| Q2 25 | $149.6M | $452.5M | ||
| Q1 25 | $130.8M | $421.4M | ||
| Q4 24 | $177.6M | $596.1M | ||
| Q3 24 | $158.5M | $853.6M | ||
| Q2 24 | $129.6M | $876.9M | ||
| Q1 24 | $157.6M | $828.6M |
| Q4 25 | — | $836.0M | ||
| Q3 25 | $559.1M | $835.4M | ||
| Q2 25 | $613.7M | $834.8M | ||
| Q1 25 | $651.0M | $834.2M | ||
| Q4 24 | $765.2M | $832.5M | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | $983.5M | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $810.0M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $946.4M | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | $1.4B | $1.2B |
| Q4 25 | — | $2.6B | ||
| Q3 25 | $1.8B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.6B | $2.5B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $3.0B | $2.5B |
| Q4 25 | — | 0.60× | ||
| Q3 25 | 0.69× | 0.60× | ||
| Q2 25 | 0.59× | 0.60× | ||
| Q1 25 | 0.69× | 0.60× | ||
| Q4 24 | 0.73× | 0.60× | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | 0.67× | ||
| 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 | $29.8M |
| Free Cash FlowOCF − Capex | $50.9M | $18.2M |
| FCF MarginFCF / Revenue | 13.7% | 6.0% |
| Capex IntensityCapex / Revenue | 1.6% | 3.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $154.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.8M | ||
| Q3 25 | $56.8M | $30.2M | ||
| Q2 25 | $69.4M | $57.2M | ||
| Q1 25 | $31.1M | $73.4M | ||
| Q4 24 | $50.5M | $22.8M | ||
| Q3 24 | $25.6M | $-11.4M | ||
| Q2 24 | $74.5M | $65.0M | ||
| Q1 24 | $45.8M | $-13.7M |
| Q4 25 | — | $18.2M | ||
| Q3 25 | $50.9M | $18.0M | ||
| Q2 25 | $65.6M | $50.6M | ||
| Q1 25 | $28.5M | $68.0M | ||
| Q4 24 | $46.0M | $18.1M | ||
| Q3 24 | $16.9M | $-20.5M | ||
| Q2 24 | $66.9M | $57.3M | ||
| Q1 24 | $37.6M | $-22.7M |
| Q4 25 | — | 6.0% | ||
| Q3 25 | 13.7% | 6.2% | ||
| Q2 25 | 17.7% | 17.9% | ||
| Q1 25 | 7.7% | 25.5% | ||
| Q4 24 | 7.7% | 6.8% | ||
| Q3 24 | 3.3% | -8.0% | ||
| Q2 24 | 13.5% | 23.2% | ||
| Q1 24 | 7.6% | -9.6% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 1.0% | 2.3% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 0.7% | 1.8% | ||
| Q3 24 | 1.7% | 3.5% | ||
| Q2 24 | 1.5% | 3.1% | ||
| Q1 24 | 1.7% | 3.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.67× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 0.31× | ||
| 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.
SYNA
| Enterprise And Automotive Product Applications | $161.1M | 53% |
| Internet Of Things Product Applications | $93.2M | 31% |
| Mobile Product Applications | $48.2M | 16% |
