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Side-by-side financial comparison of MASIMO CORP (MASI) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $220.8M, roughly 1.7× UNIVERSAL TECHNICAL INSTITUTE INC). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs -27.0%, a 32.8% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
MASI vs UTI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $220.8M |
| Net Profit | $-100.4M | $12.8M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 7.1% |
| Net Margin | -27.0% | 5.8% |
| Revenue YoY | -26.4% | 9.6% |
| Net Profit YoY | -1124.5% | -42.1% |
| EPS (diluted) | $-1.84 | $0.23 |
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 | — | $220.8M | ||
| Q3 25 | $371.5M | $222.4M | ||
| Q2 25 | $370.9M | $204.3M | ||
| Q1 25 | $372.0M | $207.4M | ||
| Q4 24 | $600.7M | $201.4M | ||
| Q3 24 | $504.6M | $196.4M | ||
| Q2 24 | $496.3M | $177.5M | ||
| Q1 24 | $492.8M | $184.2M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $-100.4M | $18.8M | ||
| Q2 25 | $51.3M | $10.7M | ||
| Q1 25 | $-170.7M | $11.4M | ||
| Q4 24 | $-349.6M | $22.2M | ||
| Q3 24 | $9.8M | $18.8M | ||
| Q2 24 | $16.0M | $5.0M | ||
| Q1 24 | $18.9M | $7.8M |
| 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 | — | 7.1% | ||
| Q3 25 | 22.5% | 11.2% | ||
| Q2 25 | 17.4% | 6.9% | ||
| Q1 25 | 21.0% | 8.1% | ||
| Q4 24 | -59.8% | 13.6% | ||
| Q3 24 | 6.0% | 13.3% | ||
| Q2 24 | 5.7% | 4.2% | ||
| Q1 24 | 6.9% | 6.1% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | -27.0% | 8.4% | ||
| Q2 25 | 13.8% | 5.2% | ||
| Q1 25 | -45.9% | 5.5% | ||
| Q4 24 | -58.2% | 11.0% | ||
| Q3 24 | 1.9% | 9.6% | ||
| Q2 24 | 3.2% | 2.8% | ||
| Q1 24 | 3.8% | 4.2% |
| Q4 25 | — | $0.23 | ||
| Q3 25 | $-1.84 | $0.33 | ||
| Q2 25 | $0.94 | $0.19 | ||
| Q1 25 | $-3.12 | $0.21 | ||
| Q4 24 | $-6.54 | $0.40 | ||
| Q3 24 | $0.18 | $0.35 | ||
| Q2 24 | $0.29 | $0.09 | ||
| Q1 24 | $0.35 | $0.14 |
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 | $162.8M |
| Total DebtLower is stronger | $559.1M | $101.4M |
| Stockholders' EquityBook value | $810.0M | $335.9M |
| Total Assets | $1.8B | $834.0M |
| Debt / EquityLower = less leverage | 0.69× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.8M | ||
| Q3 25 | $312.3M | $169.1M | ||
| Q2 25 | $149.6M | $70.7M | ||
| Q1 25 | $130.8M | $96.0M | ||
| Q4 24 | $177.6M | $172.0M | ||
| Q3 24 | $158.5M | $161.9M | ||
| Q2 24 | $129.6M | $115.5M | ||
| Q1 24 | $157.6M | $116.1M |
| Q4 25 | — | $101.4M | ||
| Q3 25 | $559.1M | $87.1M | ||
| Q2 25 | $613.7M | $73.8M | ||
| Q1 25 | $651.0M | $94.4M | ||
| Q4 24 | $765.2M | $120.1M | ||
| Q3 24 | $772.6M | $125.7M | ||
| Q2 24 | $781.6M | $137.3M | ||
| Q1 24 | $876.0M | $141.9M |
| Q4 25 | — | $335.9M | ||
| Q3 25 | $810.0M | $328.1M | ||
| Q2 25 | $1.0B | $306.8M | ||
| Q1 25 | $946.4M | $293.9M | ||
| Q4 24 | $1.1B | $280.0M | ||
| Q3 24 | $1.5B | $260.2M | ||
| Q2 24 | $1.4B | $239.4M | ||
| Q1 24 | $1.4B | $232.6M |
| Q4 25 | — | $834.0M | ||
| Q3 25 | $1.8B | $826.1M | ||
| Q2 25 | $2.4B | $740.8M | ||
| Q1 25 | $2.3B | $720.4M | ||
| Q4 24 | $2.6B | $753.8M | ||
| Q3 24 | $3.1B | $744.6M | ||
| Q2 24 | $2.9B | $706.0M | ||
| Q1 24 | $3.0B | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.69× | 0.27× | ||
| Q2 25 | 0.59× | 0.24× | ||
| Q1 25 | 0.69× | 0.32× | ||
| Q4 24 | 0.73× | 0.43× | ||
| Q3 24 | 0.53× | 0.48× | ||
| Q2 24 | 0.57× | 0.57× | ||
| Q1 24 | 0.64× | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $50.9M | $-19.2M |
| FCF MarginFCF / Revenue | 13.7% | -8.7% |
| Capex IntensityCapex / Revenue | 1.6% | 10.1% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.1M | ||
| Q3 25 | $56.8M | $57.1M | ||
| Q2 25 | $69.4M | $18.1M | ||
| Q1 25 | $31.1M | $-789.0K | ||
| Q4 24 | $50.5M | $23.0M | ||
| Q3 24 | $25.6M | $67.5M | ||
| Q2 24 | $74.5M | $10.0M | ||
| Q1 24 | $45.8M | $-2.5M |
| Q4 25 | — | $-19.2M | ||
| Q3 25 | $50.9M | $40.6M | ||
| Q2 25 | $65.6M | $6.8M | ||
| Q1 25 | $28.5M | $-11.7M | ||
| Q4 24 | $46.0M | $19.6M | ||
| Q3 24 | $16.9M | $60.0M | ||
| Q2 24 | $66.9M | $3.0M | ||
| Q1 24 | $37.6M | $-8.4M |
| Q4 25 | — | -8.7% | ||
| Q3 25 | 13.7% | 18.3% | ||
| Q2 25 | 17.7% | 3.4% | ||
| Q1 25 | 7.7% | -5.7% | ||
| Q4 24 | 7.7% | 9.7% | ||
| Q3 24 | 3.3% | 30.6% | ||
| Q2 24 | 13.5% | 1.7% | ||
| Q1 24 | 7.6% | -4.6% |
| Q4 25 | — | 10.1% | ||
| Q3 25 | 1.6% | 7.4% | ||
| Q2 25 | 1.0% | 5.5% | ||
| Q1 25 | 0.7% | 5.3% | ||
| Q4 24 | 0.7% | 1.7% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 1.5% | 4.0% | ||
| Q1 24 | 1.7% | 3.2% |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 1.35× | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | 2.61× | 3.58× | ||
| Q2 24 | 4.66× | 2.01× | ||
| Q1 24 | 2.42× | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
