Masimo (MASI) Financials

$156.17 +1.04 (+0.67%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Masimo

This table shows Masimo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Income / (Loss) Attributable to Common Shareholders	-305	82	144	230	240	196	194	125	311	83
Consolidated Net Income / (Loss)	-305	82	144	230	240	196	194	125	311	82
Net Income / (Loss) Continuing Operations	-305	82	144	230	240	196	194	125	311	82
Total Pre-Tax Income	-305	88	193	274	264	234	214	186	434	116
Total Operating Income	-267	137	210	276	256	221	208	184	436	120
Total Gross Profit	1,004	1,004	1,059	808	743	629	575	522	478	410
Total Revenue	2,094	2,048	2,036	1,239	1,144	938	858	790	713	630
Operating Revenue	2,094	2,048	2,036	1,239	1,144	938	858	790	713	630
Total Cost of Revenue	1,090	1,045	977	431	401	309	283	268	235	220
Operating Cost of Revenue	1,090	1,045	977	431	401	309	283	268	235	220
Total Operating Expenses	1,271	867	849	533	487	408	367	338	42	290
Selling, General & Admin Expense	744	664	657	395	369	315	285	273	255	253
Research & Development Expense	223	175	191	137	119	93	81	65	58	57
Impairment Charge	304	10	0.00	0.00	-	-	-	-	-	-
Other Special Charges / (Income)	0.50	18	0.00	0.00	-0.50	0.00	0.43	0.00	-270	-20
Total Other Income / (Expense), net	-39	-48	-17	-1.40	7.90	13	5.73	2.01	-2.43	-3.91
Other Income / (Expense), net	-39	-48	-17	-1.40	7.90	13	5.73	2.01	-2.43	-3.91
Income Tax Expense	-0.40	6.60	50	45	23	38	20	61	122	35
Basic Earnings per Share	($5.72)	$1.54	$2.68	$4.16	$4.39	$3.67	$3.70	$2.42	$6.28	$1.62
Weighted Average Basic Shares Outstanding	53.30M	52.80M	53.60M	55.20M	54.70M	53.43M	52.30M	51.52M	49.53M	51.31M
Diluted Earnings per Share	($5.72)	$1.51	$2.60	$3.98	$4.14	$3.44	$3.45	$2.23	$5.85	$1.55
Weighted Average Diluted Shares Outstanding	53.30M	54.10M	55.20M	57.70M	58M	57.10M	56.04M	55.87M	53.20M	53.71M
Weighted Average Basic & Diluted Shares Outstanding	53.95M	52.91M	52.60M	55.36M	55.27M	53.79M	52.30M	-959.90M	49.50M	51.40M

This table shows Masimo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	-171	-350	9.80	16	19	34	11	16	21	41	38
Consolidated Net Income / (Loss)	-171	-350	9.80	16	19	34	11	16	21	41	38
Net Income / (Loss) Continuing Operations	47	-350	9.80	16	19	34	11	16	21	41	38
Total Pre-Tax Income	68	-362	12	20	25	23	14	25	26	56	52
Total Operating Income	78	-359	30	28	34	44	25	29	38	73	55
Total Gross Profit	234	245	263	255	242	263	235	221	285	313	283
Total Revenue	372	601	505	496	493	549	479	455	565	617	549
Operating Revenue	372	601	505	496	493	549	479	455	565	617	549
Total Cost of Revenue	138	356	241	242	251	286	244	234	280	304	267
Operating Cost of Revenue	138	356	241	242	251	286	244	234	280	304	267
Total Operating Expenses	156	604	233	227	208	219	210	192	247	240	228
Selling, General & Admin Expense	119	222	185	178	160	160	156	152	196	186	175
Research & Development Expense	34	78	48	49	48	38	47	40	51	54	53
Other Special Charges / (Income)	2.70	-	-	-	-	-	-	-	-	-	-
Total Other Income / (Expense), net	-9.60	-2.60	-19	-8.40	-9.10	-21	-11	-4.50	-12	-18	-2.80
Other Income / (Expense), net	-9.60	-2.60	-19	-8.40	-9.10	-21	-11	-4.50	-12	-18	-2.80
Income Tax Expense	21	-12	1.80	3.90	6.00	-11	3.40	9.10	4.90	15	14
Net Income / (Loss) Discontinued Operations	-218	-	-	-	-	-	-	-	-	-	-
Basic Earnings per Share	($3.17)	($6.56)	$0.18	$0.30	$0.36	$0.64	$0.20	$0.30	$0.40	$0.78	$0.72
Weighted Average Basic Shares Outstanding	54M	53.30M	53.40M	53.10M	53M	52.80M	52.80M	52.80M	52.60M	53.60M	52.50M
Diluted Earnings per Share	($3.12)	($6.54)	$0.18	$0.29	$0.35	$0.63	$0.20	$0.29	$0.39	$0.76	$0.70
Weighted Average Diluted Shares Outstanding	54.80M	53.30M	54.30M	54.30M	54.20M	54.10M	53.90M	54.40M	54.40M	55.20M	54.10M
Weighted Average Basic & Diluted Shares Outstanding	54.22M	53.95M	53.54M	53.20M	53.09M	52.91M	52.84M	52.82M	52.78M	52.60M	52.56M

This table details how cash moves in and out of Masimo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Change in Cash & Equivalents	13	-41	-539	103	77	15	237	4.02	177	0.54
Net Cash From Operating Activities	196	94	29	265	211	222	240	56	419	117
Net Cash From Continuing Operating Activities	196	94	29	265	211	222	240	56	419	117
Net Income / (Loss) Continuing Operations	-305	82	144	230	240	196	194	125	311	82
Consolidated Net Income / (Loss)	-305	82	144	230	240	196	194	125	311	82
Depreciation Expense	103	98	136	36	29	23	21	20	17	16
Amortization Expense	1.90	1.90	1.40	0.00	0.00	-	-	-	-	-
Non-Cash Adjustments To Reconcile Net Income	458	21	37	30	35	28	26	28	13	12
Changes in Operating Assets and Liabilities, net	-62	-108	-288	-31	-94	-26	-1.05	-117	78	8.25
Net Cash From Investing Activities	-51	-81	-1,058	-38	-83	-198	-26	-48	-25	-55
Net Cash From Continuing Investing Activities	-51	-81	-1,058	-38	-83	-198	-26	-48	-25	-55
Purchase of Property, Plant & Equipment	-20	-44	-53	-26	-73	-68	-17	-44	-20	-50
Acquisitions	-31	-36	-1,003	-9.40	-120	-4.12	-9.48	-3.08	-4.64	-4.20
Purchase of Investments	-0.10	-1.00	-1.70	-2.60	-	-280	0.00	0.00	-0.20	0.00
Net Cash From Financing Activities	-126	-57	520	-122	-54	-9.34	26	-4.14	-217	-62
Net Cash From Continuing Financing Activities	-126	-57	520	-122	-54	-9.34	26	-4.14	-217	-62
Repayment of Debt	-238	-240	-145	0.00	0.00	-	-0.32	-0.07	-231	-70
Repurchase of Common Equity	0.00	0.00	-402	-129	-111	-38	-18	-66	-68	-150
Issuance of Debt	99	189	1,084	0.00	0.00	-	-	-	45	130
Other Financing Activities, net	13	-5.90	-17	6.50	56	28	45	62	37	28
Effect of Exchange Rate Changes	-6.40	2.80	-31	-1.30	2.90	-	-2.00	-	-	-

This table details how cash moves in and out of Masimo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-4.90	18	28	-28	-4.20	36	-26	-23	-29	-13	1.50
Net Cash From Operating Activities	31	51	26	75	46	77	-7.00	24	0.40	-6.60	10
Net Cash From Continuing Operating Activities	38	51	26	75	46	77	-7.00	24	0.40	-6.60	10
Net Income / (Loss) Continuing Operations	47	-350	9.80	16	19	34	11	16	21	41	38
Consolidated Net Income / (Loss)	-171	-350	9.80	16	19	34	11	16	21	41	38
Net Income / (Loss) Discontinued Operations	-218	-	-	-	-	-	-	-	-	-	-
Depreciation Expense	8.60	31	24	24	24	23	25	25	26	80	-23
Amortization Expense	0.50	0.50	0.50	0.40	0.50	0.50	0.50	0.40	0.50	0.50	0.90
Non-Cash Adjustments To Reconcile Net Income	8.70	421	8.90	18	10	21	4.70	-4.10	-1.10	-0.40	9.40
Changes in Operating Assets and Liabilities, net	-27	-52	-18	16	-8.30	-0.90	-47	-14	-46	-127	-15
Net Cash From Discontinued Operating Activities	-6.80	-	-	-	-	-	-	-	-	-	-
Net Cash From Investing Activities	11	-17	-14	-2.30	-19	-25	-22	-22	-11	-23	-7.70
Net Cash From Continuing Investing Activities	16	-17	-14	-2.30	-19	-25	-22	-22	-11	-23	-7.70
Purchase of Property, Plant & Equipment	-2.60	4.50	-8.70	-7.60	-8.20	-11	-13	-12	-8.50	-17	-6.00
Acquisitions	-1.50	-7.50	-7.50	-5.50	-11	-14	-9.40	-10	-2.20	-4.30	-2.90
Purchase of Investments	0.00	-	-	-	-0.10	-	-0.30	-0.30	-0.40	-1.70	1.20
Sale of Property, Plant & Equipment	20	-	2.70	-	-	-	-	-	-	-	-
Net Cash From Discontinued Investing Activities	-4.80	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-48	-6.50	-1.60	-91	-27	-36	19	-4.90	-35	-4.70	29
Net Cash From Continuing Financing Activities	-47	-6.50	-1.60	-91	-27	-36	19	-4.90	-35	-4.70	29
Repayment of Debt	-79	-31	-22	-93	-92	-86	-42	-40	-72	-39	-97
Issuance of Debt	0.00	26	8.70	-	64	50	61	35	44	33	124
Other Financing Activities, net	32	-2.00	11	2.30	1.80	0.10	0.70	0.50	-7.20	1.20	2.30
Net Cash From Discontinued Financing Activities	-0.80	-	-	-	-	-	-	-	-	-	-
Effect of Exchange Rate Changes	1.10	-9.80	18	-9.60	-4.60	20	-16	-19	17	22	-31

This table presents Masimo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Total Assets	2,626	3,042	3,211	1,887	1,713	1,396	1,155	905	821	602
Total Current Assets	1,226	1,232	1,309	1,239	1,101	996	789	560	507	299
Cash & Equivalents	178	163	203	745	641	568	552	315	306	132
Accounts Receivable	427	356	446	201	-	132	110	119	102	81
Inventories, net	459	545	501	201	216	116	95	92	73	62
Other Current Assets	163	168	159	91	102	60	32	34	26	21
Plant, Property, & Equipment, net	382	424	403	273	273	220	166	164	136	132
Total Noncurrent Assets	1,018	1,385	1,500	376	319	181	200	182	177	170
Noncurrent Note & Lease Receivables	59	71	73	74	58	50	0.00	-	-	-
Goodwill	97	408	445	100	103	22	23	21	20	20
Intangible Assets	558	652	723	73	74	27	28	27	29	28
Noncurrent Deferred & Refundable Income Taxes	144	107	103	53	39	36	21	20	39	44
Other Noncurrent Operating Assets	161	147	156	77	45	45	127	114	89	78
Total Liabilities & Shareholders' Equity	2,626	3,042	3,211	1,887	1,713	1,396	1,155	905	821	602
Total Liabilities	1,574	1,677	1,872	337	305	228	186	181	260	326
Total Current Liabilities	618	564	630	268	234	172	147	130	220	133
Accounts Payable	253	252	277	76	64	55	40	34	34	26
Accrued Expenses	186	162	183	-	-	37	25	24	28	44
Current Deferred Revenue	96	87	81	51	45	26	32	32	38	21
Current Employee Benefit Liabilities	84	63	89	71	72	55	49	40	43	38
Total Noncurrent Liabilities	956	1,113	1,242	69	0.00	56	39	52	40	193
Long-Term Debt	728	872	942	0.00	-	-	-	-	-	185
Noncurrent Deferred & Payable Income Tax Liabilities	100	112	164	5.10	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	128	130	137	64	-	56	39	52	15	8.02
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,052	1,365	1,339	1,550	1,408	1,168	969	724	560	276
Total Preferred & Common Equity	1,052	1,365	1,339	1,550	1,408	1,168	969	724	560	275
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,052	1,365	1,339	1,550	1,408	1,168	969	724	560	275
Common Stock	838	784	782	753	704	601	533	462	382	332
Retained Earnings	1,491	1,796	1,714	1,571	1,341	1,100	931	738	589	289
Treasury Stock	-1,169	-1,169	-1,169	-768	639	-527	-489	-473	-404	-341
Accumulated Other Comprehensive Income / (Loss)	-108	-45	12	-5.50	1.41	-6.72	-6.20	-2.94	-7.03	-4.74

This table presents Masimo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	10/1/2022
Total Assets	2,293	3,088	2,894	2,958	2,996	3,011	3,116	3,056
Total Current Assets	1,184	1,280	1,142	1,166	1,238	1,208	1,261	1,246
Cash & Equivalents	131	159	130	158	124	151	174	220
Accounts Receivable	286	371	338	331	357	349	411	372
Inventories, net	301	570	513	506	585	543	504	495
Other Current Assets	112	181	162	160	172	166	172	159
Other Current Nonoperating Assets	354	-	-	11	-	-	-	-
Plant, Property, & Equipment, net	332	418	414	415	415	410	402	372
Total Noncurrent Assets	777	1,390	1,338	1,377	1,343	1,393	1,453	1,439
Noncurrent Note & Lease Receivables	59	64	67	70	80	78	82	80
Goodwill	98	413	389	396	400	411	422	446
Intangible Assets	61	641	606	636	630	666	690	709
Noncurrent Deferred & Refundable Income Taxes	119	107	107	107	88	88	112	57
Other Noncurrent Operating Assets	105	165	169	168	145	151	147	148
Other Noncurrent Nonoperating Assets	334	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	2,293	3,088	2,894	2,958	2,996	3,011	3,116	3,056
Total Liabilities	1,347	1,625	1,525	1,593	1,720	1,703	1,785	1,804
Total Current Liabilities	547	638	546	504	579	572	583	587
Accounts Payable	125	281	216	203	284	266	249	268
Accrued Expenses	118	196	178	166	166	183	180	152
Current Deferred Revenue	73	85	80	70	73	74	82	78
Current Employee Benefit Liabilities	62	76	72	65	56	50	73	90
Other Current Nonoperating Liabilities	169	-	-	-	-	-	-	-
Total Noncurrent Liabilities	800	987	979	1,088	1,142	1,131	1,202	1,217
Long-Term Debt	636	733	747	841	910	889	898	951
Noncurrent Deferred & Payable Income Tax Liabilities	0.20	111	102	107	112	119	168	139
Other Noncurrent Operating Liabilities	73	143	130	140	-	-	-	-
Other Noncurrent Nonoperating Liabilities	91	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Total Equity & Noncontrolling Interests	946	1,463	1,369	1,365	1,276	1,308	1,330	1,253
Total Preferred & Common Equity	946	1,463	1,369	1,365	1,276	1,308	1,330	1,253
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	946	1,463	1,369	1,365	1,276	1,308	1,330	1,253
Common Stock	882	829	811	795	774	774	782	775
Retained Earnings	1,320	1,841	1,831	1,815	1,762	1,751	1,736	1,674
Treasury Stock	-1,169	-1,169	-1,169	-1,169	-1,169	-1,169	-1,169	-1,169
Accumulated Other Comprehensive Income / (Loss)	-86	-37	-103	-75	-91	-48	-18	-27

This table displays calculated financial ratios and metrics derived from Masimo's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.26%	0.60%	64.28%	8.35%	21.95%	9.27%	8.61%	10.85%	13.14%	7.41%
EBITDA Growth	-206.43%	-43.09%	6.74%	5.80%	13.72%	9.68%	14.11%	-54.29%	241.09%	14.95%
EBIT Growth	-446.54%	-54.45%	-29.52%	4.06%	12.61%	9.54%	15.06%	-57.14%	272.61%	14.02%
NOPAT Growth	-247.85%	-18.96%	-32.48%	-1.00%	25.75%	-1.59%	52.59%	-60.54%	271.39%	11.67%
Net Income Growth	-474.11%	-43.21%	-37.50%	-4.45%	22.47%	1.38%	55.10%	-59.89%	281.71%	9.60%
EPS Growth	-478.81%	-41.92%	-34.67%	-3.86%	20.35%	-0.29%	54.71%	-61.88%	277.42%	19.23%
Operating Cash Flow Growth	108.71%	220.07%	-88.89%	25.34%	-4.76%	-7.47%	327.25%	-86.62%	257.60%	22.58%
Free Cash Flow Firm Growth	118.30%	111.67%	-820.79%	1,081.09%	-112.97%	-32.46%	686.95%	-107.94%	614.00%	561.49%
Invested Capital Growth	-22.73%	-0.20%	158.12%	10.40%	51.83%	15.27%	1.98%	60.61%	-22.59%	10.06%
Revenue Q/Q Growth	2.54%	-3.22%	16.57%	2.71%	4.33%	2.67%	1.80%	0.82%	5.04%	0.88%
EBITDA Q/Q Growth	-213.80%	-32.24%	17.77%	3.68%	1.55%	3.85%	4.27%	-57.29%	177.58%	3.56%
EBIT Q/Q Growth	-484.03%	-27.01%	-9.78%	3.79%	0.88%	3.91%	4.98%	-59.88%	197.33%	3.37%
NOPAT Q/Q Growth	-238.44%	3.81%	-8.64%	-0.11%	8.44%	2.82%	38.89%	-65.66%	180.49%	4.47%
Net Income Q/Q Growth	-487.91%	-7.91%	-15.99%	-1.06%	7.97%	3.15%	39.37%	-65.17%	181.72%	4.18%
EPS Q/Q Growth	-494.48%	-7.93%	-13.91%	-0.75%	7.53%	2.99%	38.55%	-66.21%	182.61%	3.33%
Operating Cash Flow Q/Q Growth	-11.93%	804.81%	-77.98%	14.22%	-2.62%	3.26%	6.46%	-83.44%	180.35%	38.67%
Free Cash Flow Firm Q/Q Growth	79.84%	190.74%	-11.89%	39.61%	-172.81%	-1.96%	25.14%	-110.53%	262.86%	235.76%
Invested Capital Q/Q Growth	-21.38%	0.59%	4.69%	-1.34%	4.79%	1.09%	-0.56%	-4.41%	-29.29%	-7.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.96%	49.00%	52.01%	65.24%	64.96%	67.09%	66.98%	66.06%	67.10%	65.07%
EBITDA Margin	-9.57%	9.19%	16.25%	25.02%	25.62%	27.47%	27.37%	26.05%	63.17%	20.95%
Operating Margin	-12.73%	6.66%	10.32%	22.26%	22.37%	23.59%	24.24%	23.26%	61.15%	19.08%
EBIT Margin	-14.58%	4.30%	9.50%	22.14%	23.06%	24.97%	24.91%	23.51%	60.81%	18.46%
Profit (Net Income) Margin	-14.56%	3.98%	7.05%	18.53%	21.01%	20.92%	22.55%	15.79%	43.64%	12.93%
Tax Burden Percent	99.87%	92.51%	74.20%	83.67%	91.13%	83.79%	90.54%	67.16%	71.76%	70.05%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	7.49%	25.80%	16.33%	8.87%	16.21%	9.46%	32.84%	28.24%	29.95%
Return on Invested Capital (ROIC)	-10.16%	6.08%	10.81%	30.09%	38.55%	41.34%	45.66%	37.25%	107.34%	26.87%
ROIC Less NNEP Spread (ROIC-NNEP)	-28.94%	-0.10%	384.05%	30.25%	37.50%	39.59%	44.46%	36.81%	108.72%	14.32%
Return on Net Nonoperating Assets (RNNOA)	-15.07%	-0.06%	-0.88%	-14.56%	-19.89%	-22.98%	-22.80%	-17.81%	-32.91%	1.07%
Return on Equity (ROE)	-25.23%	6.03%	9.93%	15.52%	18.66%	18.36%	22.86%	19.43%	74.43%	27.94%
Cash Return on Invested Capital (CROIC)	15.49%	6.28%	-77.49%	20.20%	-2.61%	27.15%	43.70%	-9.27%	132.80%	17.29%
Operating Return on Assets (OROA)	-10.77%	2.82%	7.59%	15.25%	16.97%	18.36%	20.75%	21.53%	60.96%	19.94%
Return on Assets (ROA)	-10.76%	2.61%	5.63%	12.76%	15.46%	15.38%	18.79%	14.46%	43.75%	13.97%
Return on Common Equity (ROCE)	-25.23%	6.03%	9.93%	15.52%	18.66%	18.36%	22.86%	19.43%	74.40%	27.84%
Return on Equity Simple (ROE_SIMPLE)	-28.99%	5.97%	10.72%	14.81%	17.07%	16.80%	19.97%	17.24%	55.53%	29.59%
Net Operating Profit after Tax (NOPAT)	-187	126	156	231	233	185	188	123	313	84
NOPAT Margin	-8.91%	6.17%	7.65%	18.62%	20.38%	19.77%	21.95%	15.62%	43.88%	13.37%
Net Nonoperating Expense Percent (NNEP)	18.78%	6.19%	-373.24%	-0.16%	1.05%	1.75%	1.20%	0.44%	-1.38%	12.55%
Return On Investment Capital (ROIC_SIMPLE)	-10.49%	5.65%	6.83%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	52.04%	51.00%	47.99%	34.76%	35.04%	32.91%	33.02%	33.94%	32.90%	34.93%
SG&A Expenses to Revenue	35.51%	32.42%	32.29%	31.91%	32.26%	33.55%	33.25%	34.55%	35.73%	40.11%
R&D to Revenue	10.64%	8.55%	9.40%	11.07%	10.38%	9.95%	9.44%	8.25%	8.09%	8.99%
Operating Expenses to Revenue	60.69%	42.33%	41.69%	42.98%	42.60%	43.50%	42.74%	42.80%	5.95%	45.98%
Earnings before Interest and Taxes (EBIT)	-305	88	193	274	264	234	214	186	434	116
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-200	188	331	310	293	258	235	206	450	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.70	4.54	5.81	10.43	10.50	7.32	5.77	6.05	5.98	7.58
Price to Tangible Book Value (P/TBV)	23.06	20.32	45.51	11.74	12.01	7.65	6.10	6.48	6.55	9.18
Price to Revenue (P/Rev)	4.37	3.02	3.82	13.05	12.92	9.12	6.52	5.54	4.70	3.31
Price to Earnings (P/E)	0.00	75.99	54.19	70.42	61.49	43.58	28.90	35.11	10.76	25.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.32%	1.85%	1.42%	1.63%	2.29%	3.46%	2.85%	9.29%	3.99%
Enterprise Value to Invested Capital (EV/IC)	6.06	3.33	4.10	19.16	19.39	16.37	12.10	9.95	11.96	6.52
Enterprise Value to Revenue (EV/Rev)	4.63	3.37	4.18	12.45	12.36	8.38	5.87	5.15	4.27	3.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	36.66	25.73	49.75	48.24	30.52	21.46	19.75	6.76	16.21
Enterprise Value to EBIT (EV/EBIT)	0.00	78.35	44.03	56.20	53.60	33.58	23.58	21.89	7.02	18.40
Enterprise Value to NOPAT (EV/NOPAT)	0.00	54.66	54.65	66.83	60.64	42.42	26.77	32.94	9.73	25.41
Enterprise Value to Operating Cash Flow (EV/OCF)	49.41	73.35	289.65	58.29	66.96	35.48	21.05	72.53	7.26	18.26
Enterprise Value to Free Cash Flow (EV/FCFF)	34.10	52.94	0.00	99.53	0.00	64.58	27.97	0.00	7.86	39.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.69	0.64	0.70	0.00	0.00	0.00	0.00	0.00	0.00	0.67
Long-Term Debt to Equity	0.69	0.64	0.70	0.00	0.00	0.00	0.00	0.00	0.00	0.67
Financial Leverage	0.52	0.54	0.00	-0.48	-0.53	-0.58	-0.51	-0.48	-0.30	0.07
Leverage Ratio	2.35	2.31	1.76	1.22	1.21	1.19	1.22	1.34	1.70	2.00
Compound Leverage Factor	2.35	2.31	1.76	1.22	1.21	1.19	1.22	1.34	1.70	2.00
Debt to Total Capital	40.90%	38.98%	41.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	40.17%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%
Long-Term Debt to Total Capital	40.90%	38.98%	41.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	40.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%
Common Equity to Total Capital	59.10%	61.02%	58.71%	100.00%	100.00%	100.00%	100.00%	100.00%	99.99%	59.76%
Debt to EBITDA	-3.63	4.63	2.85	0.00	0.00	0.00	0.00	0.00	0.00	1.40
Net Debt to EBITDA	-2.75	3.76	2.23	0.00	0.00	0.00	0.00	0.00	-0.68	0.40
Long-Term Debt to EBITDA	-3.63	4.63	2.85	0.00	0.00	0.00	0.00	0.00	0.00	1.40
Debt to NOPAT	-3.90	6.90	6.04	0.00	0.00	0.00	0.00	0.00	0.00	2.20
Net Debt to NOPAT	-2.95	5.61	4.74	0.00	0.00	0.00	0.00	0.00	-0.98	0.63
Long-Term Debt to NOPAT	-3.90	6.90	6.04	0.00	0.00	0.00	0.00	0.00	0.00	2.20
Altman Z-Score	4.98	4.08	4.33	31.72	31.96	25.51	21.22	17.75	11.76	6.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	2.19	2.08	4.63	4.71	5.78	5.39	4.32	2.30	2.26
Quick Ratio	0.98	0.92	1.03	3.53	2.74	4.76	4.52	3.35	1.85	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	285	130	-1,117	155	-16	122	180	-31	387	54
Operating Cash Flow to CapEx	982.00%	213.86%	55.68%	1,037.65%	291.17%	324.16%	1,398.62%	128.34%	2,126.78%	232.58%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.66	0.80	0.69	0.74	0.74	0.83	0.92	1.00	1.08
Accounts Receivable Turnover	5.36	5.11	6.30	0.00	0.00	7.75	7.52	7.18	7.81	8.29
Inventory Turnover	2.17	2.00	2.78	2.06	2.42	2.93	3.03	3.26	3.49	3.34
Fixed Asset Turnover	5.20	4.95	6.03	4.54	4.65	4.87	5.20	5.27	5.31	5.38
Accounts Payable Turnover	4.32	3.95	5.54	6.17	6.76	6.50	7.64	7.88	7.79	6.89
Days Sales Outstanding (DSO)	68.14	71.41	57.97	0.00	0.00	47.10	48.51	50.85	46.75	44.02
Days Inventory Outstanding (DIO)	168.13	182.74	131.21	176.80	151.13	124.52	120.42	112.13	104.71	109.23
Days Payable Outstanding (DPO)	84.44	92.30	65.83	59.16	54.02	56.13	47.76	46.35	46.84	52.99
Cash Conversion Cycle (CCC)	151.84	161.86	123.35	117.64	97.11	115.49	121.17	116.64	104.62	100.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,602	2,074	2,078	805	729	480	417	408	254	329
Invested Capital Turnover	1.14	0.99	1.41	1.62	1.89	2.09	2.08	2.38	2.45	2.01
Increase / (Decrease) in Invested Capital	-471	-4.10	1,273	76	249	64	8.09	154	-74	30
Enterprise Value (EV)	9,704	6,902	8,516	15,423	14,134	7,863	5,042	4,066	3,042	2,141
Market Capitalization	9,154	6,194	7,777	16,168	14,776	8,550	5,594	4,382	3,348	2,087
Book Value per Share	$19.65	$25.83	$25.47	$28.07	$25.57	$21.78	$18.29	$14.01	$11.28	$5.48
Tangible Book Value per Share	$7.41	$5.77	$3.25	$24.94	$22.35	$20.86	$17.32	$13.09	$10.29	$4.52
Total Capital	1,780	2,237	2,281	1,550	1,408	1,168	969	724	560	461
Total Debt	728	872	942	0.00	0.00	0.00	0.00	0.00	0.07	185
Total Long-Term Debt	728	872	942	0.00	0.00	0.00	0.00	0.00	0.00	185
Net Debt	550	709	739	-745	-641	-688	-552	-315	-306	53
Capital Expenditures (CapEx)	20	44	53	26	73	68	17	44	20	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	431	505	476	226	226	136	90	115	-19	34
Debt-free Net Working Capital (DFNWC)	608	668	679	971	867	824	643	430	287	167
Net Working Capital (NWC)	608	668	679	971	867	824	643	430	287	167
Net Nonoperating Expense (NNE)	118	45	12	1.17	-7.20	-11	-5.19	-1.35	1.74	2.74
Net Nonoperating Obligations (NNO)	550	709	739	-745	-679	-688	-552	-316	-306	53
Total Depreciation and Amortization (D&A)	105	100	138	36	29	23	21	20	17	16
Debt-free, Cash-free Net Working Capital to Revenue	20.55%	24.66%	23.37%	18.20%	19.75%	14.52%	10.51%	14.52%	-2.67%	5.44%
Debt-free Net Working Capital to Revenue	29.03%	32.62%	33.33%	78.34%	75.84%	87.85%	74.88%	54.42%	40.25%	26.44%
Net Working Capital to Revenue	29.03%	32.62%	33.33%	78.34%	75.84%	87.85%	74.88%	54.42%	40.24%	26.43%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($5.72)	$1.54	$2.68	$4.16	$4.39	$3.67	$3.70	$2.55	$6.07	$1.62
Adjusted Weighted Average Basic Shares Outstanding	53.30M	52.80M	53.60M	55.17M	54.70M	53.43M	52.30M	51.52M	49.53M	51.31M
Adjusted Diluted Earnings per Share	($5.72)	$1.51	$2.60	$3.98	$4.14	$3.44	$3.45	$2.36	$5.65	$1.55
Adjusted Weighted Average Diluted Shares Outstanding	53.30M	54.10M	55.20M	57.68M	58.04M	57.10M	56.04M	55.87M	53.20M	53.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.95M	52.91M	52.60M	55.36M	55.27M	53.79M	53.17M	51.64M	50.42M	49.49M
Normalized Net Operating Profit after Tax (NOPAT)	26	152	156	231	233	185	189	123	119	70
Normalized NOPAT Margin	1.26%	7.42%	7.65%	18.62%	20.34%	19.77%	21.99%	15.62%	16.70%	11.19%
Pre Tax Income Margin	-14.58%	4.30%	9.50%	22.14%	23.06%	24.97%	24.91%	23.51%	60.81%	18.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.42%
Augmented Payout Ratio	0.00%	0.00%	279.79%	56.14%	45.98%	19.14%	9.55%	53.11%	21.93%	183.81%

This table displays calculated financial ratios and metrics derived from Masimo's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.54%	9.44%	5.37%	9.01%	-12.78%	-11.04%	-12.82%	-19.46%	85.73%	88.31%	78.69%
EBITDA Growth	49.04%	-816.70%	-7.44%	-12.30%	-5.87%	-66.03%	31.76%	-48.25%	-22.58%	58.21%	-61.46%
EBIT Growth	64.82%	-1,665.80%	-17.14%	-19.76%	-4.96%	-58.53%	-73.08%	-6.77%	-55.67%	-27.35%	-23.08%
NOPAT Growth	31.05%	-489.29%	33.28%	22.67%	-16.46%	19.81%	-52.23%	23.35%	-34.37%	-21.77%	-30.90%
Net Income Growth	-1,003.17%	-1,131.27%	-7.55%	1.91%	-11.27%	-17.11%	-72.03%	-13.26%	-54.29%	-40.04%	-34.43%
EPS Growth	-991.43%	-1,138.10%	-10.00%	0.00%	-10.26%	-17.11%	-71.43%	-12.12%	-51.85%	-35.59%	-30.00%
Operating Cash Flow Growth	-32.10%	-34.50%	465.71%	215.68%	11,350.00%	1,268.18%	-167.31%	883.33%	-98.28%	-106.77%	-87.30%
Free Cash Flow Firm Growth	1,769.82%	220.26%	184.60%	169.11%	103.61%	105.63%	94.89%	88.79%	-2,889.85%	-17,507.29%	-1,713.36%
Invested Capital Growth	-49.82%	-22.73%	-1.14%	-2.97%	-0.78%	-0.20%	3.87%	7.30%	138.24%	158.12%	143.26%
Revenue Q/Q Growth	-38.07%	19.04%	1.67%	0.71%	-10.22%	14.62%	5.18%	-19.42%	-8.43%	12.32%	-2.83%
EBITDA Q/Q Growth	123.46%	-1,015.24%	-18.33%	-11.07%	7.81%	18.21%	-22.62%	-4.55%	-61.09%	358.45%	-69.61%
EBIT Q/Q Growth	118.91%	-3,218.10%	-41.71%	-20.08%	7.79%	65.00%	-43.55%	-5.34%	-52.96%	7.12%	95.49%
NOPAT Q/Q Growth	121.41%	-1,088.51%	11.76%	-11.83%	-60.03%	238.42%	2.86%	-39.96%	-42.68%	34.94%	165.60%
Net Income Q/Q Growth	51.17%	-3,667.35%	-38.75%	-15.34%	-44.25%	219.81%	-32.48%	-26.29%	-47.92%	7.92%	109.39%
EPS Q/Q Growth	52.29%	-3,733.33%	-37.93%	-17.14%	-44.44%	215.00%	-31.03%	-25.64%	-48.68%	8.57%	112.12%
Operating Cash Flow Q/Q Growth	-38.42%	97.27%	-65.64%	62.66%	-40.60%	1,201.43%	-129.66%	5,800.00%	106.06%	-163.46%	333.33%
Free Cash Flow Firm Q/Q Growth	386.07%	350.41%	-41.49%	99.14%	-38.97%	218.97%	52.20%	89.60%	4.76%	-7.98%	-4.83%
Invested Capital Q/Q Growth	-36.19%	-21.38%	2.63%	-2.55%	-1.73%	0.59%	0.73%	-0.36%	-1.15%	4.69%	4.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.90%	40.74%	52.16%	51.34%	49.05%	47.86%	49.03%	48.58%	50.41%	50.79%	51.43%
EBITDA Margin	20.83%	-55.00%	7.15%	8.91%	10.09%	8.40%	8.14%	11.07%	9.35%	21.99%	5.39%
Operating Margin	20.97%	-59.78%	5.97%	5.70%	6.90%	8.02%	5.26%	6.44%	6.73%	11.90%	9.98%
EBIT Margin	18.39%	-60.21%	2.30%	4.01%	5.05%	4.21%	2.92%	5.45%	4.64%	9.03%	9.47%
Profit (Net Income) Margin	-45.89%	-58.20%	1.94%	3.22%	3.84%	6.18%	2.21%	3.45%	3.77%	6.63%	6.90%
Tax Burden Percent	-249.56%	96.65%	84.48%	80.40%	75.90%	146.75%	75.71%	63.31%	81.30%	73.43%	72.88%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	30.99%	0.00%	15.52%	19.60%	24.10%	-46.75%	24.29%	36.69%	18.70%	26.57%	27.12%
Return on Invested Capital (ROIC)	20.11%	-47.69%	5.02%	4.59%	5.06%	11.61%	4.17%	4.51%	8.61%	12.34%	9.07%
ROIC Less NNEP Spread (ROIC-NNEP)	-39.89%	-63.29%	2.72%	3.59%	4.07%	7.37%	3.05%	4.11%	-574.20%	406.19%	3.94%
Return on Net Nonoperating Assets (RNNOA)	-12.91%	-32.97%	1.35%	1.82%	2.11%	3.95%	1.83%	2.36%	-0.65%	-0.93%	0.12%
Return on Equity (ROE)	7.20%	-80.66%	6.38%	6.40%	7.17%	15.55%	6.00%	6.87%	7.96%	11.41%	9.18%
Cash Return on Invested Capital (CROIC)	55.29%	15.49%	7.72%	9.33%	6.69%	6.28%	2.22%	0.17%	-72.23%	-77.49%	-71.29%
Operating Return on Assets (OROA)	14.90%	-44.51%	1.54%	2.74%	3.29%	2.76%	2.04%	3.99%	4.24%	7.21%	6.86%
Return on Assets (ROA)	-37.17%	-43.02%	1.30%	2.20%	2.50%	4.05%	1.55%	2.53%	3.45%	5.29%	5.00%
Return on Common Equity (ROCE)	7.20%	-80.66%	6.38%	6.40%	7.17%	15.55%	6.00%	6.87%	7.96%	11.41%	9.18%
Return on Equity Simple (ROE_SIMPLE)	-52.25%	0.00%	5.37%	5.80%	5.79%	0.00%	6.94%	8.85%	8.89%	0.00%	13.64%
Net Operating Profit after Tax (NOPAT)	54	-251	25	23	26	65	19	19	31	54	40
NOPAT Margin	14.47%	-41.85%	5.04%	4.58%	5.24%	11.76%	3.98%	4.07%	5.47%	8.74%	7.27%
Net Nonoperating Expense Percent (NNEP)	60.00%	15.60%	2.30%	1.00%	0.99%	4.24%	1.12%	0.40%	582.81%	-393.85%	5.13%
Return On Investment Capital (ROIC_SIMPLE)	3.40%	-14.12%	-	-	-	2.89%	-	-	-	2.36%	-
Cost of Revenue to Revenue	37.10%	59.26%	47.84%	48.66%	50.95%	52.14%	50.97%	51.42%	49.59%	49.21%	48.57%
SG&A Expenses to Revenue	32.10%	36.89%	36.62%	35.76%	32.45%	29.13%	32.60%	33.32%	34.74%	30.08%	31.79%
R&D to Revenue	9.11%	12.93%	9.57%	9.87%	9.70%	6.92%	9.71%	8.83%	8.94%	8.82%	9.67%
Operating Expenses to Revenue	41.94%	100.52%	46.20%	45.64%	42.15%	39.84%	43.77%	42.15%	43.68%	38.90%	41.45%
Earnings before Interest and Taxes (EBIT)	68	-362	12	20	25	23	14	25	26	56	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	-330	36	44	50	46	39	50	53	136	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.32	8.70	4.84	4.88	5.69	4.54	3.63	6.64	7.30	5.81	5.92
Price to Tangible Book Value (P/TBV)	11.20	23.06	17.29	17.89	23.31	20.32	18.86	37.48	44.41	45.51	75.90
Price to Revenue (P/Rev)	4.15	4.37	3.47	3.31	3.93	3.02	2.19	3.97	4.23	3.82	4.25
Price to Earnings (P/E)	0.00	0.00	90.15	84.20	98.23	75.99	52.33	75.00	82.12	54.19	43.41
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	1.11%	1.19%	1.02%	1.32%	1.91%	1.33%	1.22%	1.85%	2.30%
Enterprise Value to Invested Capital (EV/IC)	9.12	6.06	3.76	3.68	4.15	3.33	2.63	4.60	5.08	4.10	4.11
Enterprise Value to Revenue (EV/Rev)	4.39	4.63	3.75	3.62	4.28	3.37	2.56	4.31	4.54	4.18	4.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	43.50	40.80	45.65	36.66	19.49	35.10	33.06	25.73	29.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	96.36	89.16	97.40	78.35	44.88	59.38	64.99	44.03	38.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	56.81	57.28	70.02	54.66	44.53	66.06	75.22	54.65	47.77
Enterprise Value to Operating Cash Flow (EV/OCF)	51.34	49.41	34.35	38.35	60.60	73.35	520.85	338.96	1,580.39	289.65	61.03
Enterprise Value to Free Cash Flow (EV/FCFF)	11.03	34.10	48.41	38.80	61.78	52.94	120.80	2,811.02	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.69	0.50	0.55	0.62	0.64	0.71	0.68	0.67	0.70	0.76
Long-Term Debt to Equity	0.67	0.69	0.50	0.55	0.62	0.64	0.71	0.68	0.67	0.70	0.76
Financial Leverage	0.32	0.52	0.50	0.51	0.52	0.54	0.60	0.57	0.00	0.00	0.03
Leverage Ratio	2.27	2.35	2.22	2.21	2.25	2.31	2.39	2.38	1.73	1.76	1.77
Compound Leverage Factor	2.27	2.35	2.22	2.21	2.25	2.31	2.39	2.38	1.73	1.76	1.77
Debt to Total Capital	40.19%	40.90%	33.38%	35.29%	38.13%	38.98%	41.64%	40.45%	40.29%	41.29%	43.17%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	40.19%	40.90%	33.38%	35.29%	38.13%	38.98%	41.64%	40.45%	40.29%	41.29%	43.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.81%	59.10%	66.62%	64.71%	61.87%	61.02%	58.36%	59.55%	59.71%	58.71%	56.83%
Debt to EBITDA	-3.64	-3.63	4.16	4.17	4.54	4.63	3.27	3.31	2.84	2.85	3.39
Net Debt to EBITDA	-2.89	-2.75	3.26	3.45	3.69	3.76	2.83	2.75	2.29	2.23	2.60
Long-Term Debt to EBITDA	-3.64	-3.63	4.16	4.17	4.54	4.63	3.27	3.31	2.84	2.85	3.39
Debt to NOPAT	-3.76	-3.90	5.44	5.86	6.97	6.90	7.48	6.23	6.47	6.04	5.58
Net Debt to NOPAT	-2.98	-2.95	4.26	4.84	5.66	5.61	6.46	5.17	5.22	4.74	4.29
Long-Term Debt to NOPAT	-3.76	-3.90	5.44	5.86	6.97	6.90	7.48	6.23	6.47	6.04	5.58
Altman Z-Score	6.10	4.91	4.37	4.48	4.75	4.01	3.42	4.88	5.07	4.19	4.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.17	1.98	2.01	2.09	2.31	2.19	2.14	2.11	2.16	2.08	2.12
Quick Ratio	0.76	0.98	0.83	0.86	0.97	0.92	0.83	0.87	1.00	1.03	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,069	220	49	83	42	69	-58	-121	-1,161	-1,219	-1,129
Operating Cash Flow to CapEx	0.00%	0.00%	426.67%	980.26%	558.54%	707.34%	-55.12%	198.32%	4.71%	-39.29%	173.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.74	0.67	0.68	0.65	0.66	0.70	0.73	0.91	0.80	0.72
Accounts Receivable Turnover	6.90	5.36	5.61	5.88	5.33	5.11	5.81	6.23	7.52	6.30	6.20
Inventory Turnover	2.71	2.17	1.77	1.94	2.01	2.00	1.97	2.19	3.23	2.78	2.25
Fixed Asset Turnover	5.69	5.20	4.90	4.90	4.84	4.95	5.38	5.60	6.55	6.03	5.40
Accounts Payable Turnover	6.68	4.32	3.62	4.25	4.49	3.95	3.85	4.25	6.88	5.54	4.79
Days Sales Outstanding (DSO)	52.92	68.14	65.04	62.12	68.52	71.41	62.83	58.55	48.56	57.97	58.82
Days Inventory Outstanding (DIO)	134.55	168.13	206.52	188.33	181.44	182.74	185.59	166.87	113.03	131.21	162.00
Days Payable Outstanding (DPO)	54.67	84.44	100.95	85.91	81.27	92.30	94.74	85.81	53.05	65.83	76.27
Cash Conversion Cycle (CCC)	132.80	151.84	170.61	164.55	168.70	161.86	153.68	139.61	108.53	123.35	144.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,022	1,602	2,038	1,986	2,038	2,074	2,061	2,046	2,054	2,078	1,985
Invested Capital Turnover	1.39	1.14	1.00	1.00	0.97	0.99	1.05	1.11	1.58	1.41	1.25
Increase / (Decrease) in Invested Capital	-1,015	-471	-23	-61	-16	-4.10	77	139	1,192	1,273	1,169
Enterprise Value (EV)	9,329	9,704	7,661	7,302	8,454	6,902	5,417	9,423	10,431	8,516	8,147
Market Capitalization	8,823	9,154	7,086	6,686	7,770	6,194	4,631	8,685	9,707	7,777	7,415
Book Value per Share	$17.54	$19.65	$27.51	$25.78	$25.80	$25.83	$24.15	$24.79	$25.29	$25.47	$23.85
Tangible Book Value per Share	$14.60	$7.41	$7.71	$7.04	$6.30	$5.77	$4.65	$4.39	$4.16	$3.25	$1.86
Total Capital	1,582	1,780	2,196	2,115	2,207	2,237	2,186	2,197	2,228	2,281	2,204
Total Debt	636	728	733	747	841	872	910	889	898	942	951
Total Long-Term Debt	636	728	733	747	841	872	910	889	898	942	951
Net Debt	505	550	575	617	684	709	786	738	723	739	732
Capital Expenditures (CapEx)	-17	-4.50	6.00	7.60	8.20	11	13	12	8.50	17	6.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	507	431	484	466	504	505	534	486	504	476	439
Debt-free Net Working Capital (DFNWC)	638	608	642	596	661	668	659	636	678	679	658
Net Working Capital (NWC)	638	608	642	596	661	668	659	636	678	679	658
Net Nonoperating Expense (NNE)	225	98	16	6.75	6.91	31	8.48	2.85	9.59	13	2.04
Net Nonoperating Obligations (NNO)	76	550	575	617	672	709	786	738	723	739	732
Total Depreciation and Amortization (D&A)	9.10	31	25	24	25	23	25	26	27	80	-22
Debt-free, Cash-free Net Working Capital to Revenue	23.82%	20.55%	23.69%	23.12%	25.50%	24.66%	25.25%	22.21%	21.92%	23.37%	25.13%
Debt-free Net Working Capital to Revenue	29.97%	29.03%	31.45%	29.55%	33.47%	32.62%	31.13%	29.10%	29.50%	33.33%	37.69%
Net Working Capital to Revenue	29.97%	29.03%	31.45%	29.55%	33.47%	32.62%	31.13%	29.10%	29.50%	33.33%	37.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.17)	($6.56)	$0.18	$0.30	$0.36	$0.64	$0.20	$0.30	$0.40	$0.78	$0.72
Adjusted Weighted Average Basic Shares Outstanding	54M	53.30M	53.40M	53.10M	53M	52.80M	52.80M	52.80M	52.60M	53.60M	52.50M
Adjusted Diluted Earnings per Share	($3.12)	($6.54)	$0.18	$0.29	$0.35	$0.63	$0.20	$0.29	$0.39	$0.76	$0.70
Adjusted Weighted Average Diluted Shares Outstanding	54.80M	53.30M	54.30M	54.30M	54.20M	54.10M	53.90M	54.40M	54.40M	55.20M	54.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.22M	53.95M	53.54M	53.20M	53.09M	52.91M	52.84M	52.82M	52.78M	52.60M	52.56M
Normalized Net Operating Profit after Tax (NOPAT)	56	-251	25	23	26	31	24	19	31	54	40
Normalized NOPAT Margin	14.97%	-41.85%	5.04%	4.58%	5.24%	5.61%	5.09%	4.07%	5.47%	8.74%	7.27%
Pre Tax Income Margin	18.39%	-60.21%	2.30%	4.01%	5.05%	4.21%	2.92%	5.45%	4.64%	9.03%	9.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	279.79%	234.99%

Frequently Asked Questions About Masimo's Financials

When does Masimo's fiscal year end?

According to the most recent income statement we have on file, Masimo's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Masimo's net income changed over the last 9 years?

Masimo's net income appears to be on a downward trend, with a most recent value of -$304.90 million in 2024, falling from $81.50 million in 2015. The previous period was $81.50 million in 2023. View Masimo's forecast to see where analysts expect Masimo to go next.

What is Masimo's operating income?

Masimo's total operating income in 2024 was -$266.70 million, based on the following breakdown:

Total Gross Profit: $1.00 billion
Total Operating Expenses: $1.27 billion

How has Masimo revenue changed over the last 9 years?

Over the last 9 years, Masimo's total revenue changed from $630.11 million in 2015 to $2.09 billion in 2024, a change of 232.4%.

How much debt does Masimo have?

Masimo's total liabilities were at $1.57 billion at the end of 2024, a 6.1% decrease from 2023, and a 382.7% increase since 2015.

How much cash does Masimo have?

In the past 9 years, Masimo's cash and equivalents has ranged from $132.32 million in 2015 to $745.30 million in 2021, and is currently $177.60 million as of their latest financial filing in 2024.

How has Masimo's book value per share changed over the last 9 years?

Over the last 9 years, Masimo's book value per share changed from 5.48 in 2015 to 19.65 in 2024, a change of 258.7%.

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This page (NASDAQ:MASI) was last updated on 5/21/2025 by MarketBeat.com Staff

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Masimo (MASI) Financials

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Masimo (MASI) Financials

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