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Side-by-side financial comparison of MASIMO CORP (MASI) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $245.3M, roughly 1.5× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -27.0%, a 37.7% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
MASI vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $245.3M |
| Net Profit | $-100.4M | $26.1M |
| Gross Margin | 62.1% | 40.0% |
| Operating Margin | 22.5% | 18.3% |
| Net Margin | -27.0% | 10.6% |
| Revenue YoY | -26.4% | 2.4% |
| Net Profit YoY | -1124.5% | -44.5% |
| EPS (diluted) | $-1.84 | $0.57 |
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 | — | $245.3M | ||
| Q3 25 | $371.5M | $260.5M | ||
| Q2 25 | $370.9M | $255.5M | ||
| Q1 25 | $372.0M | $222.3M | ||
| Q4 24 | $600.7M | $239.6M | ||
| Q3 24 | $504.6M | $238.3M | ||
| Q2 24 | $496.3M | $219.7M | ||
| Q1 24 | $492.8M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $-100.4M | $47.2M | ||
| Q2 25 | $51.3M | $44.1M | ||
| Q1 25 | $-170.7M | $42.2M | ||
| Q4 24 | $-349.6M | $47.0M | ||
| Q3 24 | $9.8M | $49.5M | ||
| Q2 24 | $16.0M | $35.0M | ||
| Q1 24 | $18.9M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | 62.1% | 42.7% | ||
| Q2 25 | 62.9% | 44.7% | ||
| Q1 25 | 62.9% | 43.9% | ||
| Q4 24 | 40.7% | 44.5% | ||
| Q3 24 | 52.2% | 45.8% | ||
| Q2 24 | 51.3% | 40.8% | ||
| Q1 24 | 49.0% | 38.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 22.5% | 25.1% | ||
| Q2 25 | 17.4% | 24.0% | ||
| Q1 25 | 21.0% | 26.7% | ||
| Q4 24 | -59.8% | 28.0% | ||
| Q3 24 | 6.0% | 28.4% | ||
| Q2 24 | 5.7% | 23.3% | ||
| Q1 24 | 6.9% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | -27.0% | 18.1% | ||
| Q2 25 | 13.8% | 17.3% | ||
| Q1 25 | -45.9% | 19.0% | ||
| Q4 24 | -58.2% | 19.6% | ||
| Q3 24 | 1.9% | 20.8% | ||
| Q2 24 | 3.2% | 15.9% | ||
| Q1 24 | 3.8% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $-1.84 | $1.01 | ||
| Q2 25 | $0.94 | $0.94 | ||
| Q1 25 | $-3.12 | $0.90 | ||
| Q4 24 | $-6.54 | $1.00 | ||
| Q3 24 | $0.18 | $1.05 | ||
| Q2 24 | $0.29 | $0.75 | ||
| Q1 24 | $0.35 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $559.1M | $174.4M |
| Stockholders' EquityBook value | $810.0M | $713.1M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | 0.69× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $312.3M | $127.1M | ||
| Q2 25 | $149.6M | $140.9M | ||
| Q1 25 | $130.8M | $160.2M | ||
| Q4 24 | $177.6M | $137.5M | ||
| Q3 24 | $158.5M | $124.8M | ||
| Q2 24 | $129.6M | $129.5M | ||
| Q1 24 | $157.6M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $559.1M | $114.7M | ||
| Q2 25 | $613.7M | $110.6M | ||
| Q1 25 | $651.0M | $110.6M | ||
| Q4 24 | $765.2M | $111.1M | ||
| Q3 24 | $772.6M | $126.8M | ||
| Q2 24 | $781.6M | $144.7M | ||
| Q1 24 | $876.0M | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | $810.0M | $764.0M | ||
| Q2 25 | $1.0B | $736.0M | ||
| Q1 25 | $946.4M | $685.1M | ||
| Q4 24 | $1.1B | $631.2M | ||
| Q3 24 | $1.5B | $613.3M | ||
| Q2 24 | $1.4B | $574.8M | ||
| Q1 24 | $1.4B | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $3.1B | $996.3M | ||
| Q2 24 | $2.9B | $942.5M | ||
| Q1 24 | $3.0B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.69× | 0.15× | ||
| Q2 25 | 0.59× | 0.15× | ||
| Q1 25 | 0.69× | 0.16× | ||
| Q4 24 | 0.73× | 0.18× | ||
| Q3 24 | 0.53× | 0.21× | ||
| Q2 24 | 0.57× | 0.25× | ||
| Q1 24 | 0.64× | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $50.9M | $11.4M |
| FCF MarginFCF / Revenue | 13.7% | 4.7% |
| Capex IntensityCapex / Revenue | 1.6% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | $56.8M | $40.0M | ||
| Q2 25 | $69.4M | $17.9M | ||
| Q1 25 | $31.1M | $46.9M | ||
| Q4 24 | $50.5M | $61.1M | ||
| Q3 24 | $25.6M | $41.5M | ||
| Q2 24 | $74.5M | $34.5M | ||
| Q1 24 | $45.8M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $50.9M | $21.2M | ||
| Q2 25 | $65.6M | $-14.7M | ||
| Q1 25 | $28.5M | $16.5M | ||
| Q4 24 | $46.0M | $35.4M | ||
| Q3 24 | $16.9M | $17.8M | ||
| Q2 24 | $66.9M | $14.2M | ||
| Q1 24 | $37.6M | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 13.7% | 8.2% | ||
| Q2 25 | 17.7% | -5.7% | ||
| Q1 25 | 7.7% | 7.4% | ||
| Q4 24 | 7.7% | 14.8% | ||
| Q3 24 | 3.3% | 7.5% | ||
| Q2 24 | 13.5% | 6.5% | ||
| Q1 24 | 7.6% | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 1.6% | 7.2% | ||
| Q2 25 | 1.0% | 12.7% | ||
| Q1 25 | 0.7% | 13.7% | ||
| Q4 24 | 0.7% | 10.7% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 1.5% | 9.2% | ||
| Q1 24 | 1.7% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | 1.35× | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 2.61× | 0.84× | ||
| Q2 24 | 4.66× | 0.98× | ||
| Q1 24 | 2.42× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
