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Side-by-side financial comparison of MASIMO CORP (MASI) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $371.5M, roughly 1.5× MASIMO CORP). MASIMO CORP runs the higher net margin — -27.0% vs -33.1%, a 6.1% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -26.4%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $50.9M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% 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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
MASI vs WSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $566.0M |
| Net Profit | $-100.4M | $-187.3M |
| Gross Margin | 62.1% | 50.4% |
| Operating Margin | 22.5% | -32.5% |
| Net Margin | -27.0% | -33.1% |
| Revenue YoY | -26.4% | -6.1% |
| Net Profit YoY | -1124.5% | -310.0% |
| EPS (diluted) | $-1.84 | $-1.02 |
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 | — | $566.0M | ||
| Q3 25 | $371.5M | $566.8M | ||
| Q2 25 | $370.9M | $589.1M | ||
| Q1 25 | $372.0M | $559.6M | ||
| Q4 24 | $600.7M | $602.5M | ||
| Q3 24 | $504.6M | $601.4M | ||
| Q2 24 | $496.3M | $604.6M | ||
| Q1 24 | $492.8M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $-100.4M | $43.3M | ||
| Q2 25 | $51.3M | $47.9M | ||
| Q1 25 | $-170.7M | $43.1M | ||
| Q4 24 | $-349.6M | $89.2M | ||
| Q3 24 | $9.8M | $-70.5M | ||
| Q2 24 | $16.0M | $-46.9M | ||
| Q1 24 | $18.9M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | 62.1% | 49.7% | ||
| Q2 25 | 62.9% | 50.3% | ||
| Q1 25 | 62.9% | 53.7% | ||
| Q4 24 | 40.7% | 55.8% | ||
| Q3 24 | 52.2% | 53.5% | ||
| Q2 24 | 51.3% | 54.1% | ||
| Q1 24 | 49.0% | 54.0% |
| Q4 25 | — | -32.5% | ||
| Q3 25 | 22.5% | 21.0% | ||
| Q2 25 | 17.4% | 21.5% | ||
| Q1 25 | 21.0% | 21.3% | ||
| Q4 24 | -59.8% | 28.9% | ||
| Q3 24 | 6.0% | -5.9% | ||
| Q2 24 | 5.7% | -0.9% | ||
| Q1 24 | 6.9% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | -27.0% | 7.6% | ||
| Q2 25 | 13.8% | 8.1% | ||
| Q1 25 | -45.9% | 7.7% | ||
| Q4 24 | -58.2% | 14.8% | ||
| Q3 24 | 1.9% | -11.7% | ||
| Q2 24 | 3.2% | -7.7% | ||
| Q1 24 | 3.8% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $-1.84 | $0.24 | ||
| Q2 25 | $0.94 | $0.26 | ||
| Q1 25 | $-3.12 | $0.23 | ||
| Q4 24 | $-6.54 | $0.48 | ||
| Q3 24 | $0.18 | $-0.37 | ||
| Q2 24 | $0.29 | $-0.25 | ||
| Q1 24 | $0.35 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $559.1M | $3.6B |
| Stockholders' EquityBook value | $810.0M | $856.3M |
| Total Assets | $1.8B | $5.8B |
| Debt / EquityLower = less leverage | 0.69× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $312.3M | $14.8M | ||
| Q2 25 | $149.6M | $12.8M | ||
| Q1 25 | $130.8M | $10.7M | ||
| Q4 24 | $177.6M | $9.0M | ||
| Q3 24 | $158.5M | $11.0M | ||
| Q2 24 | $129.6M | $5.9M | ||
| Q1 24 | $157.6M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $559.1M | $3.6B | ||
| Q2 25 | $613.7M | $3.7B | ||
| Q1 25 | $651.0M | $3.6B | ||
| Q4 24 | $765.2M | $3.7B | ||
| Q3 24 | $772.6M | $3.6B | ||
| Q2 24 | $781.6M | $3.5B | ||
| Q1 24 | $876.0M | $3.5B |
| Q4 25 | — | $856.3M | ||
| Q3 25 | $810.0M | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $946.4M | $1.0B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | — | $5.8B | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $2.4B | $6.1B | ||
| Q1 25 | $2.3B | $6.0B | ||
| Q4 24 | $2.6B | $6.0B | ||
| Q3 24 | $3.1B | $6.0B | ||
| Q2 24 | $2.9B | $6.0B | ||
| Q1 24 | $3.0B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | 0.69× | 3.39× | ||
| Q2 25 | 0.59× | 3.55× | ||
| Q1 25 | 0.69× | 3.56× | ||
| Q4 24 | 0.73× | 3.62× | ||
| Q3 24 | 0.53× | 3.42× | ||
| Q2 24 | 0.57× | 2.88× | ||
| Q1 24 | 0.64× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $50.9M | $149.7M |
| FCF MarginFCF / Revenue | 13.7% | 26.5% |
| Capex IntensityCapex / Revenue | 1.6% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.9M | ||
| Q3 25 | $56.8M | $191.2M | ||
| Q2 25 | $69.4M | $205.3M | ||
| Q1 25 | $31.1M | $206.6M | ||
| Q4 24 | $50.5M | $178.9M | ||
| Q3 24 | $25.6M | $-1.6M | ||
| Q2 24 | $74.5M | $175.6M | ||
| Q1 24 | $45.8M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | $50.9M | $186.9M | ||
| Q2 25 | $65.6M | $199.0M | ||
| Q1 25 | $28.5M | $202.0M | ||
| Q4 24 | $46.0M | $176.6M | ||
| Q3 24 | $16.9M | $-4.9M | ||
| Q2 24 | $66.9M | $169.4M | ||
| Q1 24 | $37.6M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | 13.7% | 33.0% | ||
| Q2 25 | 17.7% | 33.8% | ||
| Q1 25 | 7.7% | 36.1% | ||
| Q4 24 | 7.7% | 29.3% | ||
| Q3 24 | 3.3% | -0.8% | ||
| Q2 24 | 13.5% | 28.0% | ||
| Q1 24 | 7.6% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 0.7% | 0.8% | ||
| Q4 24 | 0.7% | 0.4% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 1.5% | 1.0% | ||
| Q1 24 | 1.7% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 1.35× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
