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Side-by-side financial comparison of MASIMO CORP (MASI) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $371.5M, roughly 1.0× MASIMO CORP). Bristow Group Inc. runs the higher net margin — 4.9% vs -27.0%, a 31.9% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $47.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% 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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
MASI vs VTOL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $377.3M |
| Net Profit | $-100.4M | $18.4M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 8.5% |
| Net Margin | -27.0% | 4.9% |
| Revenue YoY | -26.4% | 6.7% |
| Net Profit YoY | -1124.5% | -42.1% |
| EPS (diluted) | $-1.84 | $0.61 |
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 | — | $377.3M | ||
| Q3 25 | $371.5M | $386.3M | ||
| Q2 25 | $370.9M | $376.4M | ||
| Q1 25 | $372.0M | $350.5M | ||
| Q4 24 | $600.7M | $353.5M | ||
| Q3 24 | $504.6M | $365.1M | ||
| Q2 24 | $496.3M | $359.7M | ||
| Q1 24 | $492.8M | $337.1M |
| Q4 25 | — | $18.4M | ||
| Q3 25 | $-100.4M | $51.5M | ||
| Q2 25 | $51.3M | $31.7M | ||
| Q1 25 | $-170.7M | $27.4M | ||
| Q4 24 | $-349.6M | $31.8M | ||
| Q3 24 | $9.8M | $28.2M | ||
| Q2 24 | $16.0M | $28.2M | ||
| Q1 24 | $18.9M | $6.6M |
| 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 | — | 8.5% | ||
| Q3 25 | 22.5% | 13.1% | ||
| Q2 25 | 17.4% | 11.3% | ||
| Q1 25 | 21.0% | 9.6% | ||
| Q4 24 | -59.8% | 9.0% | ||
| Q3 24 | 6.0% | 9.1% | ||
| Q2 24 | 5.7% | 12.4% | ||
| Q1 24 | 6.9% | 6.8% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | -27.0% | 13.3% | ||
| Q2 25 | 13.8% | 8.4% | ||
| Q1 25 | -45.9% | 7.8% | ||
| Q4 24 | -58.2% | 9.0% | ||
| Q3 24 | 1.9% | 7.7% | ||
| Q2 24 | 3.2% | 7.8% | ||
| Q1 24 | 3.8% | 2.0% |
| Q4 25 | — | $0.61 | ||
| Q3 25 | $-1.84 | $1.72 | ||
| Q2 25 | $0.94 | $1.07 | ||
| Q1 25 | $-3.12 | $0.92 | ||
| Q4 24 | $-6.54 | $1.07 | ||
| Q3 24 | $0.18 | $0.95 | ||
| Q2 24 | $0.29 | $0.96 | ||
| Q1 24 | $0.35 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | $559.1M | $671.5M |
| Stockholders' EquityBook value | $810.0M | $1.1B |
| Total Assets | $1.8B | $2.3B |
| Debt / EquityLower = less leverage | 0.69× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $286.2M | ||
| Q3 25 | $312.3M | $245.5M | ||
| Q2 25 | $149.6M | $251.8M | ||
| Q1 25 | $130.8M | $191.1M | ||
| Q4 24 | $177.6M | $247.5M | ||
| Q3 24 | $158.5M | $200.3M | ||
| Q2 24 | $129.6M | $178.6M | ||
| Q1 24 | $157.6M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | $559.1M | $675.0M | ||
| Q2 25 | $613.7M | $705.2M | ||
| Q1 25 | $651.0M | $701.9M | ||
| Q4 24 | $765.2M | $689.8M | ||
| Q3 24 | $772.6M | $629.1M | ||
| Q2 24 | $781.6M | $594.2M | ||
| Q1 24 | $876.0M | $544.1M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $810.0M | $1.0B | ||
| Q2 25 | $1.0B | $984.4M | ||
| Q1 25 | $946.4M | $931.7M | ||
| Q4 24 | $1.1B | $891.7M | ||
| Q3 24 | $1.5B | $899.2M | ||
| Q2 24 | $1.4B | $849.1M | ||
| Q1 24 | $1.4B | $820.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.3B | $2.2B | ||
| Q4 24 | $2.6B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $3.0B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | 0.69× | 0.65× | ||
| Q2 25 | 0.59× | 0.72× | ||
| Q1 25 | 0.69× | 0.75× | ||
| Q4 24 | 0.73× | 0.77× | ||
| Q3 24 | 0.53× | 0.70× | ||
| Q2 24 | 0.57× | 0.70× | ||
| Q1 24 | 0.64× | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $50.9M | $47.8M |
| FCF MarginFCF / Revenue | 13.7% | 12.7% |
| Capex IntensityCapex / Revenue | 1.6% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $76.9M | ||
| Q3 25 | $56.8M | $23.1M | ||
| Q2 25 | $69.4M | $99.0M | ||
| Q1 25 | $31.1M | $-603.0K | ||
| Q4 24 | $50.5M | $51.1M | ||
| Q3 24 | $25.6M | $66.0M | ||
| Q2 24 | $74.5M | $33.7M | ||
| Q1 24 | $45.8M | $26.7M |
| Q4 25 | — | $47.8M | ||
| Q3 25 | $50.9M | $-6.2M | ||
| Q2 25 | $65.6M | $67.4M | ||
| Q1 25 | $28.5M | $-52.7M | ||
| Q4 24 | $46.0M | $-32.4M | ||
| Q3 24 | $16.9M | $9.0M | ||
| Q2 24 | $66.9M | $-16.7M | ||
| Q1 24 | $37.6M | $-37.9M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | 13.7% | -1.6% | ||
| Q2 25 | 17.7% | 17.9% | ||
| Q1 25 | 7.7% | -15.0% | ||
| Q4 24 | 7.7% | -9.2% | ||
| Q3 24 | 3.3% | 2.5% | ||
| Q2 24 | 13.5% | -4.6% | ||
| Q1 24 | 7.6% | -11.2% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | 1.6% | 7.6% | ||
| Q2 25 | 1.0% | 8.4% | ||
| Q1 25 | 0.7% | 14.9% | ||
| Q4 24 | 0.7% | 23.6% | ||
| Q3 24 | 1.7% | 15.6% | ||
| Q2 24 | 1.5% | 14.0% | ||
| Q1 24 | 1.7% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | 1.35× | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 2.61× | 2.34× | ||
| Q2 24 | 4.66× | 1.20× | ||
| Q1 24 | 2.42× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
