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Side-by-side financial comparison of MASIMO CORP (MASI) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $208.0M, roughly 1.8× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs -27.0%, a 43.3% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-10.9% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
MASI vs VRTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $208.0M |
| Net Profit | $-100.4M | $33.9M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 19.1% |
| Net Margin | -27.0% | 16.3% |
| Revenue YoY | -26.4% | -10.9% |
| Net Profit YoY | -1124.5% | -14.2% |
| EPS (diluted) | $-1.84 | $5.15 |
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 | — | $208.0M | ||
| Q3 25 | $371.5M | $216.4M | ||
| Q2 25 | $370.9M | $210.5M | ||
| Q1 25 | $372.0M | $217.9M | ||
| Q4 24 | $600.7M | $233.5M | ||
| Q3 24 | $504.6M | $227.0M | ||
| Q2 24 | $496.3M | $224.4M | ||
| Q1 24 | $492.8M | $222.0M |
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-100.4M | $31.3M | ||
| Q2 25 | $51.3M | $42.7M | ||
| Q1 25 | $-170.7M | $28.1M | ||
| Q4 24 | $-349.6M | $39.5M | ||
| Q3 24 | $9.8M | $49.1M | ||
| Q2 24 | $16.0M | $26.0M | ||
| Q1 24 | $18.9M | $37.9M |
| 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 | — | 19.1% | ||
| Q3 25 | 22.5% | 21.7% | ||
| Q2 25 | 17.4% | 21.5% | ||
| Q1 25 | 21.0% | 16.8% | ||
| Q4 24 | -59.8% | 21.7% | ||
| Q3 24 | 6.0% | 24.3% | ||
| Q2 24 | 5.7% | 19.7% | ||
| Q1 24 | 6.9% | 14.5% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | -27.0% | 14.5% | ||
| Q2 25 | 13.8% | 20.3% | ||
| Q1 25 | -45.9% | 12.9% | ||
| Q4 24 | -58.2% | 16.9% | ||
| Q3 24 | 1.9% | 21.6% | ||
| Q2 24 | 3.2% | 11.6% | ||
| Q1 24 | 3.8% | 17.1% |
| Q4 25 | — | $5.15 | ||
| Q3 25 | $-1.84 | $4.65 | ||
| Q2 25 | $0.94 | $6.12 | ||
| Q1 25 | $-3.12 | $4.05 | ||
| Q4 24 | $-6.54 | $4.65 | ||
| Q3 24 | $0.18 | $5.71 | ||
| Q2 24 | $0.29 | $2.43 | ||
| Q1 24 | $0.35 | $4.10 |
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 | $390.0M |
| Stockholders' EquityBook value | $810.0M | $934.0M |
| Total Assets | $1.8B | $4.3B |
| Debt / EquityLower = less leverage | 0.69× | 0.42× |
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 | — | $390.0M | ||
| Q3 25 | $559.1M | $390.6M | ||
| Q2 25 | $613.7M | $231.3M | ||
| Q1 25 | $651.0M | $231.7M | ||
| Q4 24 | $765.2M | $232.1M | ||
| Q3 24 | $772.6M | $237.5M | ||
| Q2 24 | $781.6M | $247.6M | ||
| Q1 24 | $876.0M | $253.0M |
| Q4 25 | — | $934.0M | ||
| Q3 25 | $810.0M | $918.7M | ||
| Q2 25 | $1.0B | $896.4M | ||
| Q1 25 | $946.4M | $893.7M | ||
| Q4 24 | $1.1B | $897.5M | ||
| Q3 24 | $1.5B | $889.0M | ||
| Q2 24 | $1.4B | $868.7M | ||
| Q1 24 | $1.4B | $871.7M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $1.8B | $3.9B | ||
| Q2 25 | $2.4B | $3.7B | ||
| Q1 25 | $2.3B | $3.7B | ||
| Q4 24 | $2.6B | $4.0B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $3.0B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | 0.69× | 0.43× | ||
| Q2 25 | 0.59× | 0.26× | ||
| Q1 25 | 0.69× | 0.26× | ||
| Q4 24 | 0.73× | 0.26× | ||
| Q3 24 | 0.53× | 0.27× | ||
| Q2 24 | 0.57× | 0.29× | ||
| Q1 24 | 0.64× | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $50.9M | $-74.1M |
| FCF MarginFCF / Revenue | 13.7% | -35.6% |
| Capex IntensityCapex / Revenue | 1.6% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-67.2M | ||
| Q3 25 | $56.8M | $108.3M | ||
| Q2 25 | $69.4M | $75.8M | ||
| Q1 25 | $31.1M | $-3.8M | ||
| Q4 24 | $50.5M | $1.8M | ||
| Q3 24 | $25.6M | $69.1M | ||
| Q2 24 | $74.5M | $70.0M | ||
| Q1 24 | $45.8M | $-34.5M |
| Q4 25 | — | $-74.1M | ||
| Q3 25 | $50.9M | $106.9M | ||
| Q2 25 | $65.6M | $74.2M | ||
| Q1 25 | $28.5M | $-6.8M | ||
| Q4 24 | $46.0M | $-3.8M | ||
| Q3 24 | $16.9M | $68.7M | ||
| Q2 24 | $66.9M | $68.6M | ||
| Q1 24 | $37.6M | $-36.5M |
| Q4 25 | — | -35.6% | ||
| Q3 25 | 13.7% | 49.4% | ||
| Q2 25 | 17.7% | 35.2% | ||
| Q1 25 | 7.7% | -3.1% | ||
| Q4 24 | 7.7% | -1.6% | ||
| Q3 24 | 3.3% | 30.3% | ||
| Q2 24 | 13.5% | 30.6% | ||
| Q1 24 | 7.6% | -16.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.0% | 0.7% | ||
| Q1 25 | 0.7% | 1.4% | ||
| Q4 24 | 0.7% | 2.4% | ||
| Q3 24 | 1.7% | 0.2% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 1.35× | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 2.61× | 1.41× | ||
| Q2 24 | 4.66× | 2.69× | ||
| Q1 24 | 2.42× | -0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
