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Side-by-side financial comparison of MASIMO CORP (MASI) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
MASIMO CORP is the larger business by last-quarter revenue ($371.5M vs $249.0M, roughly 1.5× XPLR Infrastructure, LP). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -27.0%, a 38.3% gap on every dollar of revenue. On growth, XPLR Infrastructure, LP posted the faster year-over-year revenue change (-15.3% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-88.0M). Over the past eight quarters, XPLR Infrastructure, LP's revenue compounded faster (-1.6% 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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
MASI vs XIFR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $249.0M |
| Net Profit | $-100.4M | $28.0M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | -19.3% |
| Net Margin | -27.0% | 11.2% |
| Revenue YoY | -26.4% | -15.3% |
| Net Profit YoY | -1124.5% | 124.3% |
| EPS (diluted) | $-1.84 | — |
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 | — | $249.0M | ||
| Q3 25 | $371.5M | $315.0M | ||
| Q2 25 | $370.9M | $342.0M | ||
| Q1 25 | $372.0M | $282.0M | ||
| Q4 24 | $600.7M | $294.0M | ||
| Q3 24 | $504.6M | $319.0M | ||
| Q2 24 | $496.3M | $360.0M | ||
| Q1 24 | $492.8M | $257.0M |
| Q4 25 | — | $28.0M | ||
| Q3 25 | $-100.4M | $-37.0M | ||
| Q2 25 | $51.3M | $79.0M | ||
| Q1 25 | $-170.7M | $-98.0M | ||
| Q4 24 | $-349.6M | $-115.0M | ||
| Q3 24 | $9.8M | $-40.0M | ||
| Q2 24 | $16.0M | $62.0M | ||
| Q1 24 | $18.9M | $70.0M |
| 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 | — | -19.3% | ||
| Q3 25 | 22.5% | 1.6% | ||
| Q2 25 | 17.4% | 26.3% | ||
| Q1 25 | 21.0% | -82.6% | ||
| Q4 24 | -59.8% | -188.1% | ||
| Q3 24 | 6.0% | 15.4% | ||
| Q2 24 | 5.7% | 18.3% | ||
| Q1 24 | 6.9% | -8.2% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | -27.0% | -11.7% | ||
| Q2 25 | 13.8% | 23.1% | ||
| Q1 25 | -45.9% | -34.8% | ||
| Q4 24 | -58.2% | -39.1% | ||
| Q3 24 | 1.9% | -12.5% | ||
| Q2 24 | 3.2% | 17.2% | ||
| Q1 24 | 3.8% | 27.2% |
| Q4 25 | — | — | ||
| Q3 25 | $-1.84 | $-0.40 | ||
| Q2 25 | $0.94 | $0.84 | ||
| Q1 25 | $-3.12 | $-1.05 | ||
| Q4 24 | $-6.54 | — | ||
| Q3 24 | $0.18 | $-0.43 | ||
| Q2 24 | $0.29 | $0.66 | ||
| Q1 24 | $0.35 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | $559.1M | $6.2B |
| Stockholders' EquityBook value | $810.0M | $10.9B |
| Total Assets | $1.8B | $19.6B |
| Debt / EquityLower = less leverage | 0.69× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $960.0M | ||
| Q3 25 | $312.3M | $711.0M | ||
| Q2 25 | $149.6M | $880.0M | ||
| Q1 25 | $130.8M | $1.5B | ||
| Q4 24 | $177.6M | $283.0M | ||
| Q3 24 | $158.5M | $290.0M | ||
| Q2 24 | $129.6M | $281.0M | ||
| Q1 24 | $157.6M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $5.3B | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — |
| Q4 25 | — | $10.9B | ||
| Q3 25 | $810.0M | $11.0B | ||
| Q2 25 | $1.0B | $11.3B | ||
| Q1 25 | $946.4M | $12.6B | ||
| Q4 24 | $1.1B | $12.9B | ||
| Q3 24 | $1.5B | $13.6B | ||
| Q2 24 | $1.4B | $13.9B | ||
| Q1 24 | $1.4B | $14.0B |
| Q4 25 | — | $19.6B | ||
| Q3 25 | $1.8B | $19.1B | ||
| Q2 25 | $2.4B | $20.5B | ||
| Q1 25 | $2.3B | $21.4B | ||
| Q4 24 | $2.6B | $20.3B | ||
| Q3 24 | $3.1B | $20.9B | ||
| Q2 24 | $2.9B | $21.7B | ||
| Q1 24 | $3.0B | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | $50.9M | $-88.0M |
| FCF MarginFCF / Revenue | 13.7% | -35.3% |
| Capex IntensityCapex / Revenue | 1.6% | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $186.0M | ||
| Q3 25 | $56.8M | $231.0M | ||
| Q2 25 | $69.4M | $232.0M | ||
| Q1 25 | $31.1M | $90.0M | ||
| Q4 24 | $50.5M | $283.0M | ||
| Q3 24 | $25.6M | $208.0M | ||
| Q2 24 | $74.5M | $231.0M | ||
| Q1 24 | $45.8M | $78.0M |
| Q4 25 | — | $-88.0M | ||
| Q3 25 | $50.9M | $-283.0M | ||
| Q2 25 | $65.6M | $151.0M | ||
| Q1 25 | $28.5M | $1.0M | ||
| Q4 24 | $46.0M | $231.0M | ||
| Q3 24 | $16.9M | $152.0M | ||
| Q2 24 | $66.9M | $162.0M | ||
| Q1 24 | $37.6M | $14.0M |
| Q4 25 | — | -35.3% | ||
| Q3 25 | 13.7% | -89.8% | ||
| Q2 25 | 17.7% | 44.2% | ||
| Q1 25 | 7.7% | 0.4% | ||
| Q4 24 | 7.7% | 78.6% | ||
| Q3 24 | 3.3% | 47.6% | ||
| Q2 24 | 13.5% | 45.0% | ||
| Q1 24 | 7.6% | 5.4% |
| Q4 25 | — | 110.0% | ||
| Q3 25 | 1.6% | 163.2% | ||
| Q2 25 | 1.0% | 23.7% | ||
| Q1 25 | 0.7% | 31.6% | ||
| Q4 24 | 0.7% | 17.7% | ||
| Q3 24 | 1.7% | 17.6% | ||
| Q2 24 | 1.5% | 19.2% | ||
| Q1 24 | 1.7% | 24.9% |
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | 2.94× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 3.73× | ||
| Q1 24 | 2.42× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
