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Side-by-side financial comparison of MASIMO CORP (MASI) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $324.0M, roughly 1.1× TEXAS CAPITAL BANCSHARES INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs -27.0%, a 49.8% gap on every dollar of revenue. On growth, TEXAS CAPITAL BANCSHARES INC posted the faster year-over-year revenue change (15.5% vs -26.4%). Over the past eight quarters, TEXAS CAPITAL BANCSHARES INC's revenue compounded faster (10.2% 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.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
MASI vs TCBI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $324.0M |
| Net Profit | $-100.4M | $73.8M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | — |
| Net Margin | -27.0% | 22.8% |
| Revenue YoY | -26.4% | 15.5% |
| Net Profit YoY | -1124.5% | 56.8% |
| EPS (diluted) | $-1.84 | $1.56 |
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 | — | $324.0M | ||
| Q4 25 | — | $327.5M | ||
| Q3 25 | $371.5M | $340.4M | ||
| Q2 25 | $370.9M | $307.5M | ||
| Q1 25 | $372.0M | $280.5M | ||
| Q4 24 | $600.7M | $229.6M | ||
| Q3 24 | $504.6M | $125.3M | ||
| Q2 24 | $496.3M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | — | $100.7M | ||
| Q3 25 | $-100.4M | $105.2M | ||
| Q2 25 | $51.3M | $77.3M | ||
| Q1 25 | $-170.7M | $47.0M | ||
| Q4 24 | $-349.6M | $71.0M | ||
| Q3 24 | $9.8M | $-61.3M | ||
| Q2 24 | $16.0M | $41.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 40.4% | ||
| Q3 25 | 22.5% | 40.5% | ||
| Q2 25 | 17.4% | 33.2% | ||
| Q1 25 | 21.0% | 21.6% | ||
| Q4 24 | -59.8% | 40.7% | ||
| Q3 24 | 6.0% | -63.8% | ||
| Q2 24 | 5.7% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | -27.0% | 30.9% | ||
| Q2 25 | 13.8% | 25.2% | ||
| Q1 25 | -45.9% | 16.8% | ||
| Q4 24 | -58.2% | 30.9% | ||
| Q3 24 | 1.9% | -48.9% | ||
| Q2 24 | 3.2% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | — | $2.11 | ||
| Q3 25 | $-1.84 | $2.18 | ||
| Q2 25 | $0.94 | $1.58 | ||
| Q1 25 | $-3.12 | $0.92 | ||
| Q4 24 | $-6.54 | $1.43 | ||
| Q3 24 | $0.18 | $-1.41 | ||
| Q2 24 | $0.29 | $0.80 |
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 | — |
| Total DebtLower is stronger | $559.1M | $878.3M |
| Stockholders' EquityBook value | $810.0M | $3.6B |
| Total Assets | $1.8B | $33.5B |
| Debt / EquityLower = less leverage | 0.69× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $312.3M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $130.8M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $158.5M | — | ||
| Q2 24 | $129.6M | — |
| Q1 26 | — | $878.3M | ||
| Q4 25 | — | $620.6M | ||
| Q3 25 | $559.1M | $620.4M | ||
| Q2 25 | $613.7M | $620.3M | ||
| Q1 25 | $651.0M | $660.5M | ||
| Q4 24 | $765.2M | $660.3M | ||
| Q3 24 | $772.6M | $660.2M | ||
| Q2 24 | $781.6M | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $810.0M | $3.6B | ||
| Q2 25 | $1.0B | $3.5B | ||
| Q1 25 | $946.4M | $3.4B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.5B | $3.4B | ||
| Q2 24 | $1.4B | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | — | $31.5B | ||
| Q3 25 | $1.8B | $32.5B | ||
| Q2 25 | $2.4B | $31.9B | ||
| Q1 25 | $2.3B | $31.4B | ||
| Q4 24 | $2.6B | $30.7B | ||
| Q3 24 | $3.1B | $31.6B | ||
| Q2 24 | $2.9B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | 0.69× | 0.17× | ||
| Q2 25 | 0.59× | 0.18× | ||
| Q1 25 | 0.69× | 0.19× | ||
| Q4 24 | 0.73× | 0.20× | ||
| Q3 24 | 0.53× | 0.20× | ||
| Q2 24 | 0.57× | 0.21× |
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 | — |
| Free Cash FlowOCF − Capex | $50.9M | — |
| FCF MarginFCF / Revenue | 13.7% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $360.2M | ||
| Q3 25 | $56.8M | $166.3M | ||
| Q2 25 | $69.4M | $63.0M | ||
| Q1 25 | $31.1M | $368.0K | ||
| Q4 24 | $50.5M | $480.1M | ||
| Q3 24 | $25.6M | $332.8M | ||
| Q2 24 | $74.5M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $347.6M | ||
| Q3 25 | $50.9M | $161.3M | ||
| Q2 25 | $65.6M | $57.5M | ||
| Q1 25 | $28.5M | $-2.0M | ||
| Q4 24 | $46.0M | $415.2M | ||
| Q3 24 | $16.9M | $317.6M | ||
| Q2 24 | $66.9M | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 106.1% | ||
| Q3 25 | 13.7% | 47.4% | ||
| Q2 25 | 17.7% | 18.7% | ||
| Q1 25 | 7.7% | -0.7% | ||
| Q4 24 | 7.7% | 180.9% | ||
| Q3 24 | 3.3% | 253.4% | ||
| Q2 24 | 13.5% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 0.7% | 0.9% | ||
| Q4 24 | 0.7% | 28.2% | ||
| Q3 24 | 1.7% | 12.1% | ||
| Q2 24 | 1.5% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.58× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | 1.35× | 0.81× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 6.76× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
