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迈心诺（MASI）与POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）财务数据对比。点击上方公司名可切换其他公司
迈心诺的季度营收约是POWER SOLUTIONS INTERNATIONAL, INC.的1.9倍（$371.5M vs $191.2M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs -27.0%，领先35.4%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $-7.6M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
MASI vs PSIX — 直观对比
营收规模更大
MASI
是对方的1.9倍
$191.2M
营收增速更快
PSIX
高出58.9%
-26.4%
净利率更高
PSIX
高出35.4%
-27.0%
自由现金流更多
MASI
多$58.5M
$-7.6M
两年增速更快
PSIX
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $191.2M |
| 净利润 | $-100.4M | $16.1M |
| 毛利率 | 62.1% | 21.9% |
| 营业利润率 | 22.5% | 12.7% |
| 净利率 | -27.0% | 8.4% |
| 营收同比 | -26.4% | 32.5% |
| 净利润同比 | -1124.5% | -31.0% |
| 每股收益（稀释后） | $-1.84 | $0.69 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MASIPSIX
| Q4 25 | — | $191.2M | ||
| Q3 25 | $371.5M | $203.8M | ||
| Q2 25 | $370.9M | $191.9M | ||
| Q1 25 | $372.0M | $135.4M | ||
| Q4 24 | $600.7M | $144.3M | ||
| Q3 24 | $504.6M | $125.8M | ||
| Q2 24 | $496.3M | $110.6M | ||
| Q1 24 | $492.8M | $95.2M |
净利润MASIPSIX
| Q4 25 | — | $16.1M | ||
| Q3 25 | $-100.4M | $27.6M | ||
| Q2 25 | $51.3M | $51.2M | ||
| Q1 25 | $-170.7M | $19.1M | ||
| Q4 24 | $-349.6M | $23.3M | ||
| Q3 24 | $9.8M | $17.3M | ||
| Q2 24 | $16.0M | $21.5M | ||
| Q1 24 | $18.9M | $7.1M |
毛利率MASIPSIX
| Q4 25 | — | 21.9% | ||
| Q3 25 | 62.1% | 23.9% | ||
| Q2 25 | 62.9% | 28.2% | ||
| Q1 25 | 62.9% | 29.7% | ||
| Q4 24 | 40.7% | 29.9% | ||
| Q3 24 | 52.2% | 28.9% | ||
| Q2 24 | 51.3% | 31.8% | ||
| Q1 24 | 49.0% | 27.0% |
营业利润率MASIPSIX
| Q4 25 | — | 12.7% | ||
| Q3 25 | 22.5% | 13.9% | ||
| Q2 25 | 17.4% | 16.9% | ||
| Q1 25 | 21.0% | 18.2% | ||
| Q4 24 | -59.8% | 17.5% | ||
| Q3 24 | 6.0% | 16.3% | ||
| Q2 24 | 5.7% | 22.9% | ||
| Q1 24 | 6.9% | 11.2% |
净利率MASIPSIX
| Q4 25 | — | 8.4% | ||
| Q3 25 | -27.0% | 13.5% | ||
| Q2 25 | 13.8% | 26.7% | ||
| Q1 25 | -45.9% | 14.1% | ||
| Q4 24 | -58.2% | 16.1% | ||
| Q3 24 | 1.9% | 13.8% | ||
| Q2 24 | 3.2% | 19.5% | ||
| Q1 24 | 3.8% | 7.5% |
每股收益（稀释后）MASIPSIX
| Q4 25 | — | $0.69 | ||
| Q3 25 | $-1.84 | $1.20 | ||
| Q2 25 | $0.94 | $2.22 | ||
| Q1 25 | $-3.12 | $0.83 | ||
| Q4 24 | $-6.54 | $1.01 | ||
| Q3 24 | $0.18 | $0.75 | ||
| Q2 24 | $0.29 | $0.94 | ||
| Q1 24 | $0.35 | $0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $312.3M | $41.3M |
| 总债务越低越好 | $559.1M | $96.6M |
| 股东权益账面价值 | $810.0M | $178.6M |
| 总资产 | $1.8B | $424.7M |
| 负债/权益比越低杠杆越低 | 0.69× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资MASIPSIX
| Q4 25 | — | $41.3M | ||
| Q3 25 | $312.3M | $49.0M | ||
| Q2 25 | $149.6M | $49.5M | ||
| Q1 25 | $130.8M | $50.0M | ||
| Q4 24 | $177.6M | $55.3M | ||
| Q3 24 | $158.5M | $40.5M | ||
| Q2 24 | $129.6M | $28.8M | ||
| Q1 24 | $157.6M | $33.1M |
总债务MASIPSIX
| Q4 25 | — | $96.6M | ||
| Q3 25 | $559.1M | $96.7M | ||
| Q2 25 | $613.7M | $1.8M | ||
| Q1 25 | $651.0M | $1.0M | ||
| Q4 24 | $765.2M | $184.0K | ||
| Q3 24 | $772.6M | $238.0K | ||
| Q2 24 | $781.6M | $292.0K | ||
| Q1 24 | $876.0M | $345.0K |
股东权益MASIPSIX
| Q4 25 | — | $178.6M | ||
| Q3 25 | $810.0M | $162.5M | ||
| Q2 25 | $1.0B | $135.7M | ||
| Q1 25 | $946.4M | $84.3M | ||
| Q4 24 | $1.1B | $65.3M | ||
| Q3 24 | $1.5B | $42.1M | ||
| Q2 24 | $1.4B | $24.8M | ||
| Q1 24 | $1.4B | $3.2M |
总资产MASIPSIX
| Q4 25 | — | $424.7M | ||
| Q3 25 | $1.8B | $458.9M | ||
| Q2 25 | $2.4B | $437.7M | ||
| Q1 25 | $2.3B | $372.7M | ||
| Q4 24 | $2.6B | $328.2M | ||
| Q3 24 | $3.1B | $339.1M | ||
| Q2 24 | $2.9B | $307.6M | ||
| Q1 24 | $3.0B | $286.8M |
负债/权益比MASIPSIX
| Q4 25 | — | 0.54× | ||
| Q3 25 | 0.69× | 0.60× | ||
| Q2 25 | 0.59× | 0.01× | ||
| Q1 25 | 0.69× | 0.01× | ||
| Q4 24 | 0.73× | 0.00× | ||
| Q3 24 | 0.53× | 0.01× | ||
| Q2 24 | 0.57× | 0.01× | ||
| Q1 24 | 0.64× | 0.11× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $56.8M | $-4.6M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $-7.6M |
| 自由现金流率自由现金流/营收 | 13.7% | -4.0% |
| 资本支出强度资本支出/营收 | 1.6% | 1.6% |
| 现金转化率经营现金流/净利润 | — | -0.29× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $14.1M |
8季度趋势，按日历期对齐
经营现金流MASIPSIX
| Q4 25 | — | $-4.6M | ||
| Q3 25 | $56.8M | $3.3M | ||
| Q2 25 | $69.4M | $16.7M | ||
| Q1 25 | $31.1M | $8.8M | ||
| Q4 24 | $50.5M | $32.7M | ||
| Q3 24 | $25.6M | $12.6M | ||
| Q2 24 | $74.5M | $1.5M | ||
| Q1 24 | $45.8M | $15.6M |
自由现金流MASIPSIX
| Q4 25 | — | $-7.6M | ||
| Q3 25 | $50.9M | $1.7M | ||
| Q2 25 | $65.6M | $14.6M | ||
| Q1 25 | $28.5M | $5.4M | ||
| Q4 24 | $46.0M | $30.0M | ||
| Q3 24 | $16.9M | $12.1M | ||
| Q2 24 | $66.9M | $822.0K | ||
| Q1 24 | $37.6M | $14.8M |
自由现金流率MASIPSIX
| Q4 25 | — | -4.0% | ||
| Q3 25 | 13.7% | 0.8% | ||
| Q2 25 | 17.7% | 7.6% | ||
| Q1 25 | 7.7% | 4.0% | ||
| Q4 24 | 7.7% | 20.8% | ||
| Q3 24 | 3.3% | 9.7% | ||
| Q2 24 | 13.5% | 0.7% | ||
| Q1 24 | 7.6% | 15.6% |
资本支出强度MASIPSIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 0.7% | 2.5% | ||
| Q4 24 | 0.7% | 1.8% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率MASIPSIX
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | 1.35× | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 2.61× | 0.73× | ||
| Q2 24 | 4.66× | 0.07× | ||
| Q1 24 | 2.42× | 2.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MASI
暂无分部数据
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
