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Side-by-side financial comparison of MASIMO CORP (MASI) and TENNANT CO (TNC). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $291.6M, roughly 1.3× TENNANT CO). TENNANT CO runs the higher net margin — -1.5% vs -27.0%, a 25.5% gap on every dollar of revenue. On growth, TENNANT CO posted the faster year-over-year revenue change (-11.3% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $9.7M). Over the past eight quarters, TENNANT CO's revenue compounded faster (-3.2% 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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
MASI vs TNC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $291.6M |
| Net Profit | $-100.4M | $-4.4M |
| Gross Margin | 62.1% | 34.6% |
| Operating Margin | 22.5% | -1.4% |
| Net Margin | -27.0% | -1.5% |
| Revenue YoY | -26.4% | -11.3% |
| Net Profit YoY | -1124.5% | -166.7% |
| EPS (diluted) | $-1.84 | $-0.21 |
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 | — | $291.6M | ||
| Q3 25 | $371.5M | $303.3M | ||
| Q2 25 | $370.9M | $318.6M | ||
| Q1 25 | $372.0M | $290.0M | ||
| Q4 24 | $600.7M | $328.9M | ||
| Q3 24 | $504.6M | $315.8M | ||
| Q2 24 | $496.3M | $331.0M | ||
| Q1 24 | $492.8M | $311.0M |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-100.4M | $14.9M | ||
| Q2 25 | $51.3M | $20.2M | ||
| Q1 25 | $-170.7M | $13.1M | ||
| Q4 24 | $-349.6M | $6.6M | ||
| Q3 24 | $9.8M | $20.8M | ||
| Q2 24 | $16.0M | $27.9M | ||
| Q1 24 | $18.9M | $28.4M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | 62.1% | 42.7% | ||
| Q2 25 | 62.9% | 42.1% | ||
| Q1 25 | 62.9% | 41.4% | ||
| Q4 24 | 40.7% | 41.3% | ||
| Q3 24 | 52.2% | 42.4% | ||
| Q2 24 | 51.3% | 43.1% | ||
| Q1 24 | 49.0% | 44.2% |
| Q4 25 | — | -1.4% | ||
| Q3 25 | 22.5% | 7.4% | ||
| Q2 25 | 17.4% | 9.6% | ||
| Q1 25 | 21.0% | 6.8% | ||
| Q4 24 | -59.8% | 2.3% | ||
| Q3 24 | 6.0% | 9.7% | ||
| Q2 24 | 5.7% | 11.7% | ||
| Q1 24 | 6.9% | 12.1% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | -27.0% | 4.9% | ||
| Q2 25 | 13.8% | 6.3% | ||
| Q1 25 | -45.9% | 4.5% | ||
| Q4 24 | -58.2% | 2.0% | ||
| Q3 24 | 1.9% | 6.6% | ||
| Q2 24 | 3.2% | 8.4% | ||
| Q1 24 | 3.8% | 9.1% |
| Q4 25 | — | $-0.21 | ||
| Q3 25 | $-1.84 | $0.80 | ||
| Q2 25 | $0.94 | $1.08 | ||
| Q1 25 | $-3.12 | $0.69 | ||
| Q4 24 | $-6.54 | $0.35 | ||
| Q3 24 | $0.18 | $1.09 | ||
| Q2 24 | $0.29 | $1.45 | ||
| Q1 24 | $0.35 | $1.49 |
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 | $273.2M |
| Stockholders' EquityBook value | $810.0M | $601.6M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | 0.69× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $157.6M | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | $559.1M | $238.3M | ||
| Q2 25 | $613.7M | $213.4M | ||
| Q1 25 | $651.0M | $213.3M | ||
| Q4 24 | $765.2M | $198.2M | ||
| Q3 24 | $772.6M | $208.6M | ||
| Q2 24 | $781.6M | $205.6M | ||
| Q1 24 | $876.0M | $207.4M |
| Q4 25 | — | $601.6M | ||
| Q3 25 | $810.0M | $640.9M | ||
| Q2 25 | $1.0B | $651.9M | ||
| Q1 25 | $946.4M | $624.4M | ||
| Q4 24 | $1.1B | $620.8M | ||
| Q3 24 | $1.5B | $647.2M | ||
| Q2 24 | $1.4B | $624.6M | ||
| Q1 24 | $1.4B | $614.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | 0.69× | 0.37× | ||
| Q2 25 | 0.59× | 0.33× | ||
| Q1 25 | 0.69× | 0.34× | ||
| Q4 24 | 0.73× | 0.32× | ||
| Q3 24 | 0.53× | 0.32× | ||
| Q2 24 | 0.57× | 0.33× | ||
| Q1 24 | 0.64× | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $50.9M | $9.7M |
| FCF MarginFCF / Revenue | 13.7% | 3.3% |
| Capex IntensityCapex / Revenue | 1.6% | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.2M | ||
| Q3 25 | $56.8M | $28.7M | ||
| Q2 25 | $69.4M | $22.5M | ||
| Q1 25 | $31.1M | $-400.0K | ||
| Q4 24 | $50.5M | $37.5M | ||
| Q3 24 | $25.6M | $30.7M | ||
| Q2 24 | $74.5M | $18.6M | ||
| Q1 24 | $45.8M | $2.9M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | $50.9M | $22.3M | ||
| Q2 25 | $65.6M | $18.7M | ||
| Q1 25 | $28.5M | $-7.4M | ||
| Q4 24 | $46.0M | $28.1M | ||
| Q3 24 | $16.9M | $26.4M | ||
| Q2 24 | $66.9M | $14.4M | ||
| Q1 24 | $37.6M | $-100.0K |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 13.7% | 7.4% | ||
| Q2 25 | 17.7% | 5.9% | ||
| Q1 25 | 7.7% | -2.6% | ||
| Q4 24 | 7.7% | 8.5% | ||
| Q3 24 | 3.3% | 8.4% | ||
| Q2 24 | 13.5% | 4.4% | ||
| Q1 24 | 7.6% | -0.0% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.0% | 1.2% | ||
| Q1 25 | 0.7% | 2.4% | ||
| Q4 24 | 0.7% | 2.9% | ||
| Q3 24 | 1.7% | 1.4% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.7% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | 1.35× | 1.11× | ||
| Q1 25 | — | -0.03× | ||
| Q4 24 | — | 5.68× | ||
| Q3 24 | 2.61× | 1.48× | ||
| Q2 24 | 4.66× | 0.67× | ||
| Q1 24 | 2.42× | 0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
