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Side-by-side financial comparison of MASIMO CORP (MASI) and WORKIVA INC (WK). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $238.9M, roughly 1.6× WORKIVA INC). WORKIVA INC runs the higher net margin — 4.9% vs -27.0%, a 32.0% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $50.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
MASI vs WK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $238.9M |
| Net Profit | $-100.4M | $11.8M |
| Gross Margin | 62.1% | 80.7% |
| Operating Margin | 22.5% | 3.3% |
| Net Margin | -27.0% | 4.9% |
| Revenue YoY | -26.4% | 19.5% |
| Net Profit YoY | -1124.5% | 234.0% |
| 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 | — | $238.9M | ||
| Q3 25 | $371.5M | $224.2M | ||
| Q2 25 | $370.9M | $215.2M | ||
| Q1 25 | $372.0M | $206.3M | ||
| Q4 24 | $600.7M | $199.9M | ||
| Q3 24 | $504.6M | $185.6M | ||
| Q2 24 | $496.3M | $177.5M | ||
| Q1 24 | $492.8M | $175.7M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | $-100.4M | $2.8M | ||
| Q2 25 | $51.3M | $-19.4M | ||
| Q1 25 | $-170.7M | $-21.4M | ||
| Q4 24 | $-349.6M | $-8.8M | ||
| Q3 24 | $9.8M | $-17.0M | ||
| Q2 24 | $16.0M | $-17.5M | ||
| Q1 24 | $18.9M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | 62.1% | 79.3% | ||
| Q2 25 | 62.9% | 77.0% | ||
| Q1 25 | 62.9% | 76.6% | ||
| Q4 24 | 40.7% | 77.1% | ||
| Q3 24 | 52.2% | 76.5% | ||
| Q2 24 | 51.3% | 76.8% | ||
| Q1 24 | 49.0% | 76.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 22.5% | -1.5% | ||
| Q2 25 | 17.4% | -10.3% | ||
| Q1 25 | 21.0% | -12.0% | ||
| Q4 24 | -59.8% | -6.7% | ||
| Q3 24 | 6.0% | -11.7% | ||
| Q2 24 | 5.7% | -13.0% | ||
| Q1 24 | 6.9% | -10.4% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | -27.0% | 1.2% | ||
| Q2 25 | 13.8% | -9.0% | ||
| Q1 25 | -45.9% | -10.4% | ||
| Q4 24 | -58.2% | -4.4% | ||
| Q3 24 | 1.9% | -9.2% | ||
| Q2 24 | 3.2% | -9.9% | ||
| Q1 24 | 3.8% | -6.7% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | $-1.84 | $0.05 | ||
| Q2 25 | $0.94 | $-0.35 | ||
| Q1 25 | $-3.12 | $-0.38 | ||
| Q4 24 | $-6.54 | $-0.15 | ||
| Q3 24 | $0.18 | $-0.31 | ||
| Q2 24 | $0.29 | $-0.32 | ||
| Q1 24 | $0.35 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $-5.4M |
| Total Assets | $1.8B | $1.5B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | $312.3M | $315.9M | ||
| Q2 25 | $149.6M | $284.3M | ||
| Q1 25 | $130.8M | $242.0M | ||
| Q4 24 | $177.6M | $301.8M | ||
| Q3 24 | $158.5M | $248.2M | ||
| Q2 24 | $129.6M | $267.9M | ||
| Q1 24 | $157.6M | $296.1M |
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $-5.4M | ||
| Q3 25 | $810.0M | $-36.9M | ||
| Q2 25 | $1.0B | $-66.5M | ||
| Q1 25 | $946.4M | $-75.7M | ||
| Q4 24 | $1.1B | $-41.7M | ||
| Q3 24 | $1.5B | $-50.8M | ||
| Q2 24 | $1.4B | $-77.7M | ||
| Q1 24 | $1.4B | $-83.2M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $3.0B | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $50.9M | $50.7M |
| FCF MarginFCF / Revenue | 13.7% | 21.2% |
| Capex IntensityCapex / Revenue | 1.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $51.0M | ||
| Q3 25 | $56.8M | $46.2M | ||
| Q2 25 | $69.4M | $50.3M | ||
| Q1 25 | $31.1M | $-7.4M | ||
| Q4 24 | $50.5M | $44.0M | ||
| Q3 24 | $25.6M | $18.9M | ||
| Q2 24 | $74.5M | $-14.0K | ||
| Q1 24 | $45.8M | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | $50.9M | $46.1M | ||
| Q2 25 | $65.6M | $49.3M | ||
| Q1 25 | $28.5M | $-8.1M | ||
| Q4 24 | $46.0M | $43.2M | ||
| Q3 24 | $16.9M | $18.7M | ||
| Q2 24 | $66.9M | $-122.0K | ||
| Q1 24 | $37.6M | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | 13.7% | 20.5% | ||
| Q2 25 | 17.7% | 22.9% | ||
| Q1 25 | 7.7% | -3.9% | ||
| Q4 24 | 7.7% | 21.6% | ||
| Q3 24 | 3.3% | 10.1% | ||
| Q2 24 | 13.5% | -0.1% | ||
| Q1 24 | 7.6% | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.0% | 0.5% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 0.7% | 0.4% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 1.5% | 0.1% | ||
| Q1 24 | 1.7% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
