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Side-by-side financial comparison of MASIMO CORP (MASI) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $256.5M, roughly 1.4× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs -27.0%, a 58.9% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $36.8M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
MASI vs TRS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $256.5M |
| Net Profit | $-100.4M | $81.7M |
| Gross Margin | 62.1% | 12.8% |
| Operating Margin | 22.5% | 5.7% |
| Net Margin | -27.0% | 31.9% |
| Revenue YoY | -26.4% | 3.8% |
| Net Profit YoY | -1124.5% | 236.9% |
| EPS (diluted) | $-1.84 | $2.03 |
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 | — | $256.5M | ||
| Q4 25 | — | $-140.0M | ||
| Q3 25 | $371.5M | $269.3M | ||
| Q2 25 | $370.9M | $274.8M | ||
| Q1 25 | $372.0M | $241.7M | ||
| Q4 24 | $600.7M | $-66.2M | ||
| Q3 24 | $504.6M | $229.4M | ||
| Q2 24 | $496.3M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | — | $81.7M | ||
| Q3 25 | $-100.4M | $9.3M | ||
| Q2 25 | $51.3M | $16.7M | ||
| Q1 25 | $-170.7M | $12.4M | ||
| Q4 24 | $-349.6M | $5.6M | ||
| Q3 24 | $9.8M | $2.5M | ||
| Q2 24 | $16.0M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 62.1% | 12.8% | ||
| Q2 25 | 62.9% | 13.8% | ||
| Q1 25 | 62.9% | 13.6% | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 52.2% | 15.4% | ||
| Q2 24 | 51.3% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | 6.2% | ||
| Q2 25 | 17.4% | 9.9% | ||
| Q1 25 | 21.0% | 9.0% | ||
| Q4 24 | -59.8% | — | ||
| Q3 24 | 6.0% | 3.6% | ||
| Q2 24 | 5.7% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | — | -58.4% | ||
| Q3 25 | -27.0% | 3.5% | ||
| Q2 25 | 13.8% | 6.1% | ||
| Q1 25 | -45.9% | 5.1% | ||
| Q4 24 | -58.2% | -8.5% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 3.2% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | — | $2.01 | ||
| Q3 25 | $-1.84 | $0.23 | ||
| Q2 25 | $0.94 | $0.41 | ||
| Q1 25 | $-3.12 | $0.30 | ||
| Q4 24 | $-6.54 | $0.14 | ||
| Q3 24 | $0.18 | $0.06 | ||
| Q2 24 | $0.29 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $705.6M |
| Total Assets | $1.8B | $1.5B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | — | $30.0M | ||
| Q3 25 | $312.3M | $33.6M | ||
| Q2 25 | $149.6M | $30.3M | ||
| Q1 25 | $130.8M | $32.7M | ||
| Q4 24 | $177.6M | $23.1M | ||
| Q3 24 | $158.5M | $26.9M | ||
| Q2 24 | $129.6M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $469.2M | ||
| Q3 25 | $559.1M | $407.1M | ||
| Q2 25 | $613.7M | $424.5M | ||
| Q1 25 | $651.0M | $434.2M | ||
| Q4 24 | $765.2M | $398.1M | ||
| Q3 24 | $772.6M | $409.9M | ||
| Q2 24 | $781.6M | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | — | $705.6M | ||
| Q3 25 | $810.0M | $725.0M | ||
| Q2 25 | $1.0B | $715.3M | ||
| Q1 25 | $946.4M | $686.6M | ||
| Q4 24 | $1.1B | $667.3M | ||
| Q3 24 | $1.5B | $682.8M | ||
| Q2 24 | $1.4B | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.9B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | 0.69× | 0.56× | ||
| Q2 25 | 0.59× | 0.59× | ||
| Q1 25 | 0.69× | 0.63× | ||
| Q4 24 | 0.73× | 0.60× | ||
| Q3 24 | 0.53× | 0.60× | ||
| Q2 24 | 0.57× | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | $50.9M | $36.8M |
| FCF MarginFCF / Revenue | 13.7% | 14.4% |
| Capex IntensityCapex / Revenue | 1.6% | 18.9% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | — | $41.5M | ||
| Q3 25 | $56.8M | $36.5M | ||
| Q2 25 | $69.4M | $30.3M | ||
| Q1 25 | $31.1M | $9.2M | ||
| Q4 24 | $50.5M | $27.1M | ||
| Q3 24 | $25.6M | $22.0M | ||
| Q2 24 | $74.5M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | — | $36.8M | ||
| Q3 25 | $50.9M | $22.8M | ||
| Q2 25 | $65.6M | $13.2M | ||
| Q1 25 | $28.5M | $-3.8M | ||
| Q4 24 | $46.0M | $12.1M | ||
| Q3 24 | $16.9M | $10.2M | ||
| Q2 24 | $66.9M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | — | -26.3% | ||
| Q3 25 | 13.7% | 8.5% | ||
| Q2 25 | 17.7% | 4.8% | ||
| Q1 25 | 7.7% | -1.6% | ||
| Q4 24 | 7.7% | -18.3% | ||
| Q3 24 | 3.3% | 4.4% | ||
| Q2 24 | 13.5% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | — | -3.4% | ||
| Q3 25 | 1.6% | 5.1% | ||
| Q2 25 | 1.0% | 6.2% | ||
| Q1 25 | 0.7% | 5.4% | ||
| Q4 24 | 0.7% | -22.6% | ||
| Q3 24 | 1.7% | 5.2% | ||
| Q2 24 | 1.5% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 3.92× | ||
| Q2 25 | 1.35× | 1.81× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 4.80× | ||
| Q3 24 | 2.61× | 8.71× | ||
| Q2 24 | 4.66× | 1.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
