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Side-by-side financial comparison of MASIMO CORP (MASI) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $371.5M, roughly 1.7× MASIMO CORP). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -27.0%, a 40.4% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -26.4%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $50.9M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
MASI vs WTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $625.1M |
| Net Profit | $-100.4M | $83.7M |
| Gross Margin | 62.1% | 49.5% |
| Operating Margin | 22.5% | 18.2% |
| Net Margin | -27.0% | 13.4% |
| Revenue YoY | -26.4% | 15.7% |
| Net Profit YoY | -1124.5% | 24.0% |
| EPS (diluted) | $-1.84 | $2.50 |
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 | — | $625.1M | ||
| Q3 25 | $371.5M | $611.7M | ||
| Q2 25 | $370.9M | $643.7M | ||
| Q1 25 | $372.0M | $558.0M | ||
| Q4 24 | $600.7M | $540.4M | ||
| Q3 24 | $504.6M | $543.6M | ||
| Q2 24 | $496.3M | $597.3M | ||
| Q1 24 | $492.8M | $570.9M |
| Q4 25 | — | $83.7M | ||
| Q3 25 | $-100.4M | $82.2M | ||
| Q2 25 | $51.3M | $100.9M | ||
| Q1 25 | $-170.7M | $74.0M | ||
| Q4 24 | $-349.6M | $67.5M | ||
| Q3 24 | $9.8M | $69.1M | ||
| Q2 24 | $16.0M | $82.0M | ||
| Q1 24 | $18.9M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | 62.1% | 48.8% | ||
| Q2 25 | 62.9% | 50.6% | ||
| Q1 25 | 62.9% | 48.8% | ||
| Q4 24 | 40.7% | 46.7% | ||
| Q3 24 | 52.2% | 47.3% | ||
| Q2 24 | 51.3% | 47.7% | ||
| Q1 24 | 49.0% | 46.9% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | 22.5% | 18.2% | ||
| Q2 25 | 17.4% | 21.0% | ||
| Q1 25 | 21.0% | 15.7% | ||
| Q4 24 | -59.8% | 16.5% | ||
| Q3 24 | 6.0% | 17.1% | ||
| Q2 24 | 5.7% | 18.7% | ||
| Q1 24 | 6.9% | 16.9% |
| Q4 25 | — | 13.4% | ||
| Q3 25 | -27.0% | 13.4% | ||
| Q2 25 | 13.8% | 15.7% | ||
| Q1 25 | -45.9% | 13.3% | ||
| Q4 24 | -58.2% | 12.5% | ||
| Q3 24 | 1.9% | 12.7% | ||
| Q2 24 | 3.2% | 13.7% | ||
| Q1 24 | 3.8% | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | $-1.84 | $2.45 | ||
| Q2 25 | $0.94 | $3.01 | ||
| Q1 25 | $-3.12 | $2.21 | ||
| Q4 24 | $-6.54 | $2.02 | ||
| Q3 24 | $0.18 | $2.06 | ||
| Q2 24 | $0.29 | $2.44 | ||
| Q1 24 | $0.35 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $559.1M | — |
| Stockholders' EquityBook value | $810.0M | $2.0B |
| Total Assets | $1.8B | $2.9B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $405.5M | ||
| Q3 25 | $312.3M | $457.7M | ||
| Q2 25 | $149.6M | $369.3M | ||
| Q1 25 | $130.8M | $336.8M | ||
| Q4 24 | $177.6M | $386.9M | ||
| Q3 24 | $158.5M | $303.9M | ||
| Q2 24 | $129.6M | $279.4M | ||
| Q1 24 | $157.6M | $237.1M |
| 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 | — | $2.0B | ||
| Q3 25 | $810.0M | $2.0B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $946.4M | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
| Q4 25 | — | $2.9B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $2.3B | $2.5B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $3.1B | $2.4B | ||
| Q2 24 | $2.9B | $2.4B | ||
| Q1 24 | $3.0B | $2.3B |
| 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 | $154.7M |
| Free Cash FlowOCF − Capex | $50.9M | $140.3M |
| FCF MarginFCF / Revenue | 13.7% | 22.4% |
| Capex IntensityCapex / Revenue | 1.6% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $154.7M | ||
| Q3 25 | $56.8M | $122.4M | ||
| Q2 25 | $69.4M | $69.7M | ||
| Q1 25 | $31.1M | $55.2M | ||
| Q4 24 | $50.5M | $139.5M | ||
| Q3 24 | $25.6M | $90.7M | ||
| Q2 24 | $74.5M | $85.3M | ||
| Q1 24 | $45.8M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | $50.9M | $110.9M | ||
| Q2 25 | $65.6M | $59.5M | ||
| Q1 25 | $28.5M | $45.6M | ||
| Q4 24 | $46.0M | $127.5M | ||
| Q3 24 | $16.9M | $84.3M | ||
| Q2 24 | $66.9M | $78.5M | ||
| Q1 24 | $37.6M | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | 13.7% | 18.1% | ||
| Q2 25 | 17.7% | 9.2% | ||
| Q1 25 | 7.7% | 8.2% | ||
| Q4 24 | 7.7% | 23.6% | ||
| Q3 24 | 3.3% | 15.5% | ||
| Q2 24 | 13.5% | 13.1% | ||
| Q1 24 | 7.6% | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 1.0% | 1.6% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 0.7% | 2.2% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 1.7% | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 1.35× | 0.69× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | 2.61× | 1.31× | ||
| Q2 24 | 4.66× | 1.04× | ||
| Q1 24 | 2.42× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
