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Side-by-side financial comparison of MASIMO CORP (MASI) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $336.8M, roughly 1.1× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs -27.0%, a 92.3% gap on every dollar of revenue. On growth, TIDEWATER INC posted the faster year-over-year revenue change (-2.4% vs -26.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $50.9M). Over the past eight quarters, TIDEWATER INC's revenue compounded faster (2.4% 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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
MASI vs TDW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $336.8M |
| Net Profit | $-100.4M | $219.9M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 19.0% |
| Net Margin | -27.0% | 65.3% |
| Revenue YoY | -26.4% | -2.4% |
| Net Profit YoY | -1124.5% | 495.8% |
| EPS (diluted) | $-1.84 | $4.37 |
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 | — | $336.8M | ||
| Q3 25 | $371.5M | $341.1M | ||
| Q2 25 | $370.9M | $341.4M | ||
| Q1 25 | $372.0M | $333.4M | ||
| Q4 24 | $600.7M | $345.1M | ||
| Q3 24 | $504.6M | $340.4M | ||
| Q2 24 | $496.3M | $339.2M | ||
| Q1 24 | $492.8M | $321.2M |
| Q4 25 | — | $219.9M | ||
| Q3 25 | $-100.4M | $-806.0K | ||
| Q2 25 | $51.3M | $72.9M | ||
| Q1 25 | $-170.7M | $42.7M | ||
| Q4 24 | $-349.6M | $36.9M | ||
| Q3 24 | $9.8M | $46.4M | ||
| Q2 24 | $16.0M | $50.4M | ||
| Q1 24 | $18.9M | $47.0M |
| 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 | — | 19.0% | ||
| Q3 25 | 22.5% | 18.4% | ||
| Q2 25 | 17.4% | 23.7% | ||
| Q1 25 | 21.0% | 22.5% | ||
| Q4 24 | -59.8% | 23.6% | ||
| Q3 24 | 6.0% | 20.6% | ||
| Q2 24 | 5.7% | 23.0% | ||
| Q1 24 | 6.9% | 25.5% |
| Q4 25 | — | 65.3% | ||
| Q3 25 | -27.0% | -0.2% | ||
| Q2 25 | 13.8% | 21.4% | ||
| Q1 25 | -45.9% | 12.8% | ||
| Q4 24 | -58.2% | 10.7% | ||
| Q3 24 | 1.9% | 13.6% | ||
| Q2 24 | 3.2% | 14.8% | ||
| Q1 24 | 3.8% | 14.6% |
| Q4 25 | — | $4.37 | ||
| Q3 25 | $-1.84 | $-0.02 | ||
| Q2 25 | $0.94 | $1.46 | ||
| Q1 25 | $-3.12 | $0.83 | ||
| Q4 24 | $-6.54 | $0.70 | ||
| Q3 24 | $0.18 | $0.87 | ||
| Q2 24 | $0.29 | $0.94 | ||
| Q1 24 | $0.35 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | $559.1M | $670.1M |
| Stockholders' EquityBook value | $810.0M | $1.4B |
| Total Assets | $1.8B | $2.4B |
| Debt / EquityLower = less leverage | 0.69× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $578.8M | ||
| Q3 25 | $312.3M | $428.2M | ||
| Q2 25 | $149.6M | $369.4M | ||
| Q1 25 | $130.8M | $341.8M | ||
| Q4 24 | $177.6M | $324.9M | ||
| Q3 24 | $158.5M | $280.8M | ||
| Q2 24 | $129.6M | $315.9M | ||
| Q1 24 | $157.6M | $280.9M |
| Q4 25 | — | $670.1M | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $647.9M | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $810.0M | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $946.4M | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $3.0B | $2.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | $50.9M | $147.8M |
| FCF MarginFCF / Revenue | 13.7% | 43.9% |
| Capex IntensityCapex / Revenue | 1.6% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $153.0M | ||
| Q3 25 | $56.8M | $54.7M | ||
| Q2 25 | $69.4M | $85.4M | ||
| Q1 25 | $31.1M | $86.0M | ||
| Q4 24 | $50.5M | $100.0M | ||
| Q3 24 | $25.6M | $49.0M | ||
| Q2 24 | $74.5M | $78.6M | ||
| Q1 24 | $45.8M | $54.8M |
| Q4 25 | — | $147.8M | ||
| Q3 25 | $50.9M | $49.6M | ||
| Q2 25 | $65.6M | $80.2M | ||
| Q1 25 | $28.5M | $75.7M | ||
| Q4 24 | $46.0M | $95.5M | ||
| Q3 24 | $16.9M | $43.3M | ||
| Q2 24 | $66.9M | $72.3M | ||
| Q1 24 | $37.6M | $43.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | 13.7% | 14.5% | ||
| Q2 25 | 17.7% | 23.5% | ||
| Q1 25 | 7.7% | 22.7% | ||
| Q4 24 | 7.7% | 27.7% | ||
| Q3 24 | 3.3% | 12.7% | ||
| Q2 24 | 13.5% | 21.3% | ||
| Q1 24 | 7.6% | 13.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.7% | 1.3% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 1.7% | 3.4% |
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | 1.17× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | 2.61× | 1.06× | ||
| Q2 24 | 4.66× | 1.56× | ||
| Q1 24 | 2.42× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
