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Side-by-side financial comparison of MASIMO CORP (MASI) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $371.5M, roughly 1.3× MASIMO CORP). OLYMPIC STEEL INC runs the higher net margin — 0.4% vs -27.0%, a 27.5% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -26.4%). MASIMO CORP produced more free cash flow last quarter ($50.9M vs $-12.9M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% 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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
MASI vs ZEUS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $371.5M | $490.7M |
| Net Profit | $-100.4M | $2.2M |
| Gross Margin | 62.1% | — |
| Operating Margin | 22.5% | 1.5% |
| Net Margin | -27.0% | 0.4% |
| Revenue YoY | -26.4% | 4.4% |
| Net Profit YoY | -1124.5% | -21.2% |
| EPS (diluted) | $-1.84 | $0.18 |
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.
| Q3 25 | $371.5M | $490.7M | ||
| Q2 25 | $370.9M | $496.5M | ||
| Q1 25 | $372.0M | $492.9M | ||
| Q4 24 | $600.7M | $418.8M | ||
| Q3 24 | $504.6M | $470.0M | ||
| Q2 24 | $496.3M | $526.3M | ||
| Q1 24 | $492.8M | $526.6M | ||
| Q4 23 | $548.9M | $489.4M |
| Q3 25 | $-100.4M | $2.2M | ||
| Q2 25 | $51.3M | $5.2M | ||
| Q1 25 | $-170.7M | $2.5M | ||
| Q4 24 | $-349.6M | $3.9M | ||
| Q3 24 | $9.8M | $2.7M | ||
| Q2 24 | $16.0M | $7.7M | ||
| Q1 24 | $18.9M | $8.7M | ||
| Q4 23 | $33.9M | $7.4M |
| 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 23 | 47.9% | — |
| Q3 25 | 22.5% | 1.5% | ||
| Q2 25 | 17.4% | 2.3% | ||
| Q1 25 | 21.0% | 1.6% | ||
| Q4 24 | -59.8% | 2.1% | ||
| Q3 24 | 6.0% | 1.7% | ||
| Q2 24 | 5.7% | 2.9% | ||
| Q1 24 | 6.9% | 3.0% | ||
| Q4 23 | 8.0% | 2.7% |
| Q3 25 | -27.0% | 0.4% | ||
| Q2 25 | 13.8% | 1.1% | ||
| Q1 25 | -45.9% | 0.5% | ||
| Q4 24 | -58.2% | 0.9% | ||
| Q3 24 | 1.9% | 0.6% | ||
| Q2 24 | 3.2% | 1.5% | ||
| Q1 24 | 3.8% | 1.7% | ||
| Q4 23 | 6.2% | 1.5% |
| Q3 25 | $-1.84 | $0.18 | ||
| Q2 25 | $0.94 | $0.45 | ||
| Q1 25 | $-3.12 | $0.21 | ||
| Q4 24 | $-6.54 | $0.33 | ||
| Q3 24 | $0.18 | $0.23 | ||
| Q2 24 | $0.29 | $0.66 | ||
| Q1 24 | $0.35 | $0.75 | ||
| Q4 23 | $0.63 | $0.64 |
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 | $7.5M |
| Total DebtLower is stronger | $559.1M | $240.9M |
| Stockholders' EquityBook value | $810.0M | $579.1M |
| Total Assets | $1.8B | $1.1B |
| Debt / EquityLower = less leverage | 0.69× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $312.3M | $7.5M | ||
| Q2 25 | $149.6M | $14.8M | ||
| Q1 25 | $130.8M | $13.3M | ||
| Q4 24 | $177.6M | $11.9M | ||
| Q3 24 | $158.5M | $11.1M | ||
| Q2 24 | $129.6M | $9.4M | ||
| Q1 24 | $157.6M | $10.3M | ||
| Q4 23 | $163.0M | $13.2M |
| Q3 25 | $559.1M | $240.9M | ||
| Q2 25 | $613.7M | $233.2M | ||
| Q1 25 | $651.0M | $235.4M | ||
| Q4 24 | $765.2M | $272.5M | ||
| Q3 24 | $772.6M | $197.3M | ||
| Q2 24 | $781.6M | $209.2M | ||
| Q1 24 | $876.0M | $196.8M | ||
| Q4 23 | $906.0M | $190.2M |
| Q3 25 | $810.0M | $579.1M | ||
| Q2 25 | $1.0B | $578.2M | ||
| Q1 25 | $946.4M | $574.2M | ||
| Q4 24 | $1.1B | $573.9M | ||
| Q3 24 | $1.5B | $570.6M | ||
| Q2 24 | $1.4B | $569.5M | ||
| Q1 24 | $1.4B | $563.0M | ||
| Q4 23 | $1.4B | $555.5M |
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $2.9B | $1.0B | ||
| Q1 24 | $3.0B | $1.0B | ||
| Q4 23 | $3.0B | $984.8M |
| Q3 25 | 0.69× | 0.42× | ||
| Q2 25 | 0.59× | 0.40× | ||
| Q1 25 | 0.69× | 0.41× | ||
| Q4 24 | 0.73× | 0.47× | ||
| Q3 24 | 0.53× | 0.35× | ||
| Q2 24 | 0.57× | 0.37× | ||
| Q1 24 | 0.64× | 0.35× | ||
| Q4 23 | 0.66× | 0.34× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $50.9M | $-12.9M |
| FCF MarginFCF / Revenue | 13.7% | -2.6% |
| Capex IntensityCapex / Revenue | 1.6% | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $191.0M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $56.8M | $-5.4M | ||
| Q2 25 | $69.4M | $15.5M | ||
| Q1 25 | $31.1M | $49.4M | ||
| Q4 24 | $50.5M | $14.6M | ||
| Q3 24 | $25.6M | $24.6M | ||
| Q2 24 | $74.5M | $-2.9M | ||
| Q1 24 | $45.8M | $-2.6M | ||
| Q4 23 | $77.1M | $54.2M |
| Q3 25 | $50.9M | $-12.9M | ||
| Q2 25 | $65.6M | $6.8M | ||
| Q1 25 | $28.5M | $40.6M | ||
| Q4 24 | $46.0M | $7.4M | ||
| Q3 24 | $16.9M | $15.6M | ||
| Q2 24 | $66.9M | $-11.3M | ||
| Q1 24 | $37.6M | $-7.4M | ||
| Q4 23 | $66.2M | $52.4M |
| Q3 25 | 13.7% | -2.6% | ||
| Q2 25 | 17.7% | 1.4% | ||
| Q1 25 | 7.7% | 8.2% | ||
| Q4 24 | 7.7% | 1.8% | ||
| Q3 24 | 3.3% | 3.3% | ||
| Q2 24 | 13.5% | -2.2% | ||
| Q1 24 | 7.6% | -1.4% | ||
| Q4 23 | 12.1% | 10.7% |
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.0% | 1.7% | ||
| Q1 25 | 0.7% | 1.8% | ||
| Q4 24 | 0.7% | 1.7% | ||
| Q3 24 | 1.7% | 1.9% | ||
| Q2 24 | 1.5% | 1.6% | ||
| Q1 24 | 1.7% | 0.9% | ||
| Q4 23 | 2.0% | 0.4% |
| Q3 25 | — | -2.50× | ||
| Q2 25 | 1.35× | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | 2.61× | 9.01× | ||
| Q2 24 | 4.66× | -0.38× | ||
| Q1 24 | 2.42× | -0.30× | ||
| Q4 23 | 2.27× | 7.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MASI
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
