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迈心诺（MASI）与Stitch Fix, Inc.（SFIX）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Stitch Fix, Inc.的1.1倍（$371.5M vs $342.1M），Stitch Fix, Inc.净利率更高（-1.9% vs -27.0%，领先25.2%），Stitch Fix, Inc.同比增速更快（7.3% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $5.6M），过去两年Stitch Fix, Inc.的营收复合增速更高（1.8% 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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
MASI vs SFIX — 直观对比
营收规模更大
MASI
是对方的1.1倍
$342.1M
营收增速更快
SFIX
高出33.7%
-26.4%
净利率更高
SFIX
高出25.2%
-27.0%
自由现金流更多
MASI
多$45.3M
$5.6M
两年增速更快
SFIX
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $342.1M |
| 净利润 | $-100.4M | $-6.4M |
| 毛利率 | 62.1% | 43.6% |
| 营业利润率 | 22.5% | -2.5% |
| 净利率 | -27.0% | -1.9% |
| 营收同比 | -26.4% | 7.3% |
| 净利润同比 | -1124.5% | -1.7% |
| 每股收益（稀释后） | $-1.84 | $-0.05 |
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MASISFIX
| Q4 25 | — | $342.1M | ||
| Q3 25 | $371.5M | $311.2M | ||
| Q2 25 | $370.9M | $325.0M | ||
| Q1 25 | $372.0M | $312.1M | ||
| Q4 24 | $600.7M | $318.8M | ||
| Q3 24 | $504.6M | $319.6M | ||
| Q2 24 | $496.3M | $322.7M | ||
| Q1 24 | $492.8M | $330.4M |
净利润MASISFIX
| Q4 25 | — | $-6.4M | ||
| Q3 25 | $-100.4M | $-8.6M | ||
| Q2 25 | $51.3M | $-7.4M | ||
| Q1 25 | $-170.7M | $-6.5M | ||
| Q4 24 | $-349.6M | $-6.3M | ||
| Q3 24 | $9.8M | $-36.5M | ||
| Q2 24 | $16.0M | $-21.3M | ||
| Q1 24 | $18.9M | $-35.5M |
毛利率MASISFIX
| Q4 25 | — | 43.6% | ||
| Q3 25 | 62.1% | 43.6% | ||
| Q2 25 | 62.9% | 44.2% | ||
| Q1 25 | 62.9% | 44.5% | ||
| Q4 24 | 40.7% | 45.4% | ||
| Q3 24 | 52.2% | 44.6% | ||
| Q2 24 | 51.3% | 45.5% | ||
| Q1 24 | 49.0% | 43.4% |
营业利润率MASISFIX
| Q4 25 | — | -2.5% | ||
| Q3 25 | 22.5% | -3.6% | ||
| Q2 25 | 17.4% | -3.0% | ||
| Q1 25 | 21.0% | -2.9% | ||
| Q4 24 | -59.8% | -2.8% | ||
| Q3 24 | 6.0% | -13.1% | ||
| Q2 24 | 5.7% | -7.7% | ||
| Q1 24 | 6.9% | -11.5% |
净利率MASISFIX
| Q4 25 | — | -1.9% | ||
| Q3 25 | -27.0% | -2.8% | ||
| Q2 25 | 13.8% | -2.3% | ||
| Q1 25 | -45.9% | -2.1% | ||
| Q4 24 | -58.2% | -2.0% | ||
| Q3 24 | 1.9% | -11.4% | ||
| Q2 24 | 3.2% | -6.6% | ||
| Q1 24 | 3.8% | -10.8% |
每股收益（稀释后）MASISFIX
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-1.84 | $-0.06 | ||
| Q2 25 | $0.94 | $-0.06 | ||
| Q1 25 | $-3.12 | $-0.05 | ||
| Q4 24 | $-6.54 | $-0.05 | ||
| Q3 24 | $0.18 | $-0.29 | ||
| Q2 24 | $0.29 | $-0.18 | ||
| Q1 24 | $0.35 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $204.1M |
| 总资产 | $1.8B | $530.7M |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASISFIX
| Q4 25 | — | $244.2M | ||
| Q3 25 | $312.3M | $234.9M | ||
| Q2 25 | $149.6M | $234.2M | ||
| Q1 25 | $130.8M | $219.1M | ||
| Q4 24 | $177.6M | $253.3M | ||
| Q3 24 | $158.5M | $247.0M | ||
| Q2 24 | $129.6M | $244.5M | ||
| Q1 24 | $157.6M | $229.8M |
总债务MASISFIX
| 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 | — |
股东权益MASISFIX
| Q4 25 | — | $204.1M | ||
| Q3 25 | $810.0M | $203.0M | ||
| Q2 25 | $1.0B | $200.4M | ||
| Q1 25 | $946.4M | $197.8M | ||
| Q4 24 | $1.1B | $190.5M | ||
| Q3 24 | $1.5B | $187.0M | ||
| Q2 24 | $1.4B | $208.9M | ||
| Q1 24 | $1.4B | $213.3M |
总资产MASISFIX
| Q4 25 | — | $530.7M | ||
| Q3 25 | $1.8B | $480.6M | ||
| Q2 25 | $2.4B | $484.7M | ||
| Q1 25 | $2.3B | $472.6M | ||
| Q4 24 | $2.6B | $507.1M | ||
| Q3 24 | $3.1B | $486.9M | ||
| Q2 24 | $2.9B | $537.0M | ||
| Q1 24 | $3.0B | $538.3M |
负债/权益比MASISFIX
| 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× | — |
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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $5.6M |
| 自由现金流率自由现金流/营收 | 13.7% | 1.6% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $191.0M | $4.9M |
8季度趋势，按日历期对齐
经营现金流MASISFIX
| Q4 25 | — | $10.9M | ||
| Q3 25 | $56.8M | $7.0M | ||
| Q2 25 | $69.4M | $20.5M | ||
| Q1 25 | $31.1M | $-16.2M | ||
| Q4 24 | $50.5M | $14.3M | ||
| Q3 24 | $25.6M | $8.2M | ||
| Q2 24 | $74.5M | $21.7M | ||
| Q1 24 | $45.8M | $-22.3M |
自由现金流MASISFIX
| Q4 25 | — | $5.6M | ||
| Q3 25 | $50.9M | $2.8M | ||
| Q2 25 | $65.6M | $16.0M | ||
| Q1 25 | $28.5M | $-19.4M | ||
| Q4 24 | $46.0M | $9.9M | ||
| Q3 24 | $16.9M | $4.5M | ||
| Q2 24 | $66.9M | $18.9M | ||
| Q1 24 | $37.6M | $-26.1M |
自由现金流率MASISFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | 13.7% | 0.9% | ||
| Q2 25 | 17.7% | 4.9% | ||
| Q1 25 | 7.7% | -6.2% | ||
| Q4 24 | 7.7% | 3.1% | ||
| Q3 24 | 3.3% | 1.4% | ||
| Q2 24 | 13.5% | 5.9% | ||
| Q1 24 | 7.6% | -7.9% |
资本支出强度MASISFIX
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.0% | 1.4% | ||
| Q1 25 | 0.7% | 1.0% | ||
| Q4 24 | 0.7% | 1.4% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.5% | 0.9% | ||
| Q1 24 | 1.7% | 1.1% |
现金转化率MASISFIX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
