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迈心诺（MASI）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是迈心诺的1.7倍（$613.5M vs $371.5M），Tyler Technologies净利率更高（13.2% vs -27.0%，领先40.3%），Tyler Technologies同比增速更快（8.6% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $2.0M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
MASI vs TYL — 直观对比
营收规模更大
TYL
是对方的1.7倍
$371.5M
营收增速更快
TYL
高出34.9%
-26.4%
净利率更高
TYL
高出40.3%
-27.0%
自由现金流更多
MASI
多$48.9M
$2.0M
两年增速更快
TYL
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $613.5M |
| 净利润 | $-100.4M | $81.2M |
| 毛利率 | 62.1% | 48.3% |
| 营业利润率 | 22.5% | 16.3% |
| 净利率 | -27.0% | 13.2% |
| 营收同比 | -26.4% | 8.6% |
| 净利润同比 | -1124.5% | — |
| 每股收益（稀释后） | $-1.84 | $1.88 |
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MASITYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | — | $575.2M | ||
| Q3 25 | $371.5M | $595.9M | ||
| Q2 25 | $370.9M | $596.1M | ||
| Q1 25 | $372.0M | $565.2M | ||
| Q4 24 | $600.7M | $541.1M | ||
| Q3 24 | $504.6M | $543.3M | ||
| Q2 24 | $496.3M | $541.0M |
净利润MASITYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | — | $65.5M | ||
| Q3 25 | $-100.4M | $84.4M | ||
| Q2 25 | $51.3M | $84.6M | ||
| Q1 25 | $-170.7M | $81.1M | ||
| Q4 24 | $-349.6M | $65.2M | ||
| Q3 24 | $9.8M | $75.9M | ||
| Q2 24 | $16.0M | $67.7M |
毛利率MASITYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | 62.1% | 47.2% | ||
| Q2 25 | 62.9% | 45.8% | ||
| Q1 25 | 62.9% | 47.3% | ||
| Q4 24 | 40.7% | 43.8% | ||
| Q3 24 | 52.2% | 43.7% | ||
| Q2 24 | 51.3% | 44.0% |
营业利润率MASITYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | 22.5% | 16.4% | ||
| Q2 25 | 17.4% | 16.0% | ||
| Q1 25 | 21.0% | 15.8% | ||
| Q4 24 | -59.8% | 13.2% | ||
| Q3 24 | 6.0% | 15.2% | ||
| Q2 24 | 5.7% | 14.4% |
净利率MASITYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | -27.0% | 14.2% | ||
| Q2 25 | 13.8% | 14.2% | ||
| Q1 25 | -45.9% | 14.3% | ||
| Q4 24 | -58.2% | 12.1% | ||
| Q3 24 | 1.9% | 14.0% | ||
| Q2 24 | 3.2% | 12.5% |
每股收益（稀释后）MASITYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | — | $1.50 | ||
| Q3 25 | $-1.84 | $1.93 | ||
| Q2 25 | $0.94 | $1.93 | ||
| Q1 25 | $-3.12 | $1.84 | ||
| Q4 24 | $-6.54 | $1.48 | ||
| Q3 24 | $0.18 | $1.74 | ||
| Q2 24 | $0.29 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $3.6B |
| 总资产 | $1.8B | $4.8B |
| 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MASITYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $312.3M | $950.8M | ||
| Q2 25 | $149.6M | $892.3M | ||
| Q1 25 | $130.8M | $807.4M | ||
| Q4 24 | $177.6M | $768.0M | ||
| Q3 24 | $158.5M | $544.3M | ||
| Q2 24 | $129.6M | $258.0M |
总债务MASITYL
| Q1 26 | — | — | ||
| Q4 25 | — | $599.7M | ||
| Q3 25 | $559.1M | $599.2M | ||
| Q2 25 | $613.7M | $598.8M | ||
| Q1 25 | $651.0M | $598.4M | ||
| Q4 24 | $765.2M | $597.9M | ||
| Q3 24 | $772.6M | $597.5M | ||
| Q2 24 | $781.6M | $597.1M |
股东权益MASITYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | $810.0M | $3.6B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | $946.4M | $3.5B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.4B | $3.1B |
总资产MASITYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | $1.8B | $5.5B | ||
| Q2 25 | $2.4B | $5.4B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $3.1B | $5.0B | ||
| Q2 24 | $2.9B | $4.8B |
负债/权益比MASITYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | 0.69× | 0.17× | ||
| Q2 25 | 0.59× | 0.16× | ||
| Q1 25 | 0.69× | 0.17× | ||
| Q4 24 | 0.73× | 0.18× | ||
| Q3 24 | 0.53× | 0.18× | ||
| Q2 24 | 0.57× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $2.0M |
| 自由现金流率自由现金流/营收 | 13.7% | 0.3% |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $585.7M |
8季度趋势，按日历期对齐
经营现金流MASITYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | — | $243.9M | ||
| Q3 25 | $56.8M | $255.2M | ||
| Q2 25 | $69.4M | $98.3M | ||
| Q1 25 | $31.1M | $56.2M | ||
| Q4 24 | $50.5M | $224.8M | ||
| Q3 24 | $25.6M | $263.7M | ||
| Q2 24 | $74.5M | $64.3M |
自由现金流MASITYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $239.6M | ||
| Q3 25 | $50.9M | $251.3M | ||
| Q2 25 | $65.6M | $92.8M | ||
| Q1 25 | $28.5M | $53.8M | ||
| Q4 24 | $46.0M | $221.0M | ||
| Q3 24 | $16.9M | $260.8M | ||
| Q2 24 | $66.9M | $57.7M |
自由现金流率MASITYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | 13.7% | 42.2% | ||
| Q2 25 | 17.7% | 15.6% | ||
| Q1 25 | 7.7% | 9.5% | ||
| Q4 24 | 7.7% | 40.8% | ||
| Q3 24 | 3.3% | 48.0% | ||
| Q2 24 | 13.5% | 10.7% |
资本支出强度MASITYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 0.7% | 0.7% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 1.5% | 1.2% |
现金转化率MASITYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | 1.35× | 1.16× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | 2.61× | 3.47× | ||
| Q2 24 | 4.66× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
