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Masimo (MASI) Financials

Masimo logo
$178.81 0.00 (0.00%)
Closing price 05/22/2026 04:00 PM Eastern
Extended Trading
$178.64 -0.17 (-0.09%)
As of 05/22/2026 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Masimo

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2015 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 73 83 311 125 194 196 240 230 144 82 -305
Consolidated Net Income / (Loss)		 74 82 311 125 194 196 240 230 144 82 -305
Net Income / (Loss) Continuing Operations		 74 82 311 125 194 196 240 230 144 82 -305
Total Pre-Tax Income 		102 116 434 186 214 234 264 274 193 88 -305
Total Operating Income		 104 120 436 184 208 221 256 276 210 137 -267
Total Gross Profit		 391 410 478 522 575 629 743 808 1,059 1,004 1,004
Total Revenue		 587 630 713 790 858 938 1,144 1,239 2,036 2,048 2,094
Operating Revenue		 587 630 713 790 858 938 1,144 1,239 2,036 2,048 2,094
Total Cost of Revenue		 196 220 235 268 283 309 401 431 977 1,045 1,090
Operating Cost of Revenue		 196 220 235 268 283 309 401 431 977 1,045 1,090
Total Operating Expenses		 287 290 42 338 367 408 487 533 849 867 1,271
Selling, General & Admin Expense		 241 253 255 273 285 315 369 395 657 664 744
Research & Development Expense		 57 57 58 65 81 93 119 137 191 175 223
Impairment Charge		 - - - - - - - 0.00 0.00 10 304
Other Special Charges / (Income)		 -10 -20 -270 0.00 0.43 0.00 -0.50 0.00 0.00 18 0.50
Total Other Income / (Expense), net		 -1.47 -3.91 -2.43 2.01 5.73 13 7.90 -1.40 -17 -48 -39
Other Income / (Expense), net		 -1.47 -3.91 -2.43 2.01 5.73 13 7.90 -1.40 -17 -48 -39
Income Tax Expense		 28 35 122 61 20 38 23 45 50 6.60 -0.40
Basic Earnings per Share		 $1.33 $1.62 $6.28 $2.42 $3.70 $3.67 $4.39 $4.16 $2.68 $1.54 ($5.72)
Weighted Average Basic Shares Outstanding		 54.71M 51.31M 49.53M 51.52M 52.30M 53.43M 54.70M 55.20M 53.60M 52.80M 53.30M
Diluted Earnings per Share		 $1.30 $1.55 $5.85 $2.23 $3.45 $3.44 $4.14 $3.98 $2.60 $1.51 ($5.72)
Weighted Average Diluted Shares Outstanding		 55.57M 53.71M 53.20M 55.87M 56.04M 57.10M 58M 57.70M 55.20M 54.10M 53.30M
Weighted Average Basic & Diluted Shares Outstanding		 54.50M 51.40M 49.50M -959.90M 52.30M 53.79M 55.27M 55.36M 52.60M 52.91M 53.95M

Quarterly Income Statements for Masimo

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
Net Income / (Loss) Attributable to Common Shareholders		 16 11 34 19 16 9.80 -350 -171 51 -100 57
Consolidated Net Income / (Loss)		 16 11 34 19 16 9.80 -350 -171 51 -100 57
Net Income / (Loss) Continuing Operations		 16 11 34 32 25 24 -350 47 45 54 56
Total Pre-Tax Income 		25 14 23 42 31 29 -362 68 55 75 71
Total Operating Income		 29 25 44 53 42 38 -359 78 65 84 77
Total Gross Profit		 221 235 263 207 207 212 245 234 233 231 251
Total Revenue		 455 479 549 340 344 343 601 372 371 372 404
Operating Revenue		 455 479 549 340 344 343 601 372 371 372 404
Total Cost of Revenue		 234 244 286 133 137 131 356 138 138 141 153
Operating Cost of Revenue		 234 244 286 133 137 131 356 138 138 141 153
Total Operating Expenses		 192 210 219 154 165 174 604 156 169 147 173
Selling, General & Admin Expense		 152 156 160 116 126 137 222 119 139 116 143
Research & Development Expense		 40 47 38 38 39 37 78 34 30 31 30
Other Special Charges / (Income)		 - - - 0.00 0.00 0.00 - 2.70 0.00 0.10 0.00
Total Other Income / (Expense), net		 -4.50 -11 -21 -12 -11 -9.00 -2.60 -9.60 -9.10 -8.70 -6.10
Other Income / (Expense), net		 -4.50 -11 -21 -12 -11 -9.00 -2.60 -9.60 -9.10 -8.70 -6.10
Income Tax Expense		 9.10 3.40 -11 9.40 6.00 4.90 -12 21 11 21 15
Net Income / (Loss) Discontinued Operations		 - - - -13 -8.80 -15 - -218 6.40 -154 0.80
Basic Earnings per Share		 $0.30 $0.20 $0.64 $0.36 $0.30 $0.19 ($6.56) ($3.17) $0.95 ($1.86) $1.10
Weighted Average Basic Shares Outstanding		 52.80M 52.80M 52.80M 53M 53.10M 53.40M 53.30M 54M 54.30M 54M 52.20M
Diluted Earnings per Share		 $0.29 $0.20 $0.63 $0.35 $0.30 $0.18 ($6.54) ($3.12) $0.94 ($1.84) $1.09
Weighted Average Diluted Shares Outstanding		 54.40M 53.90M 54.10M 54.20M 54.30M 54.30M 53.30M 54.80M 54.80M 54.40M 52.60M
Weighted Average Basic & Diluted Shares Outstanding		 52.82M 52.84M 52.91M 53.09M 53.20M 53.54M 53.95M 54.22M 54.32M 53.71M 52.37M

Annual Cash Flow Statements for Masimo

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2015 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Change in Cash & Equivalents		 39 0.54 177 4.02 237 15 77 103 -539 -41 13
Net Cash From Operating Activities		 96 117 419 56 240 222 211 265 29 94 196
Net Cash From Continuing Operating Activities		 96 117 419 56 240 222 211 265 29 94 196
Net Income / (Loss) Continuing Operations		 74 82 311 125 194 196 240 230 144 82 -305
Consolidated Net Income / (Loss)		 74 82 311 125 194 196 240 230 144 82 -305
Depreciation Expense		 13 16 17 20 21 23 29 36 136 98 103
Amortization Expense		 - - - - - - 0.00 0.00 1.40 1.90 1.90
Non-Cash Adjustments To Reconcile Net Income		 13 12 13 28 26 28 35 30 37 21 458
Changes in Operating Assets and Liabilities, net		 -4.07 8.25 78 -117 -1.05 -26 -94 -31 -288 -108 -62
Net Cash From Investing Activities		 -79 -55 -25 -48 -26 -198 -83 -38 -1,058 -81 -51
Net Cash From Continuing Investing Activities		 -79 -55 -25 -48 -26 -198 -83 -38 -1,058 -81 -51
Purchase of Property, Plant & Equipment		 -75 -50 -20 -44 -17 -68 -73 -26 -53 -44 -20
Acquisitions		 -3.90 -4.20 -4.64 -3.08 -9.48 -4.12 -120 -9.40 -1,003 -36 -31
Purchase of Investments		 - 0.00 -0.20 0.00 0.00 -280 - -2.60 -1.70 -1.00 -0.10
Net Cash From Financing Activities		 27 -62 -217 -4.14 26 -9.34 -54 -122 520 -57 -126
Net Cash From Continuing Financing Activities		 27 -62 -217 -4.14 26 -9.34 -54 -122 520 -57 -126
Repayment of Debt		 -0.55 -70 -231 -0.07 -0.32 - 0.00 0.00 -145 -240 -238
Repurchase of Common Equity		 -102 -150 -68 -66 -18 -38 -111 -129 -402 0.00 0.00
Issuance of Debt		 125 130 45 - - - 0.00 0.00 1,084 189 99
Other Financing Activities, net		 4.68 28 37 62 45 28 56 6.50 -17 -5.90 13
Effect of Exchange Rate Changes		 -4.30 - - - -2.00 - 2.90 -1.30 -31 2.80 -6.40

Quarterly Cash Flow Statements for Masimo

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
Net Change in Cash & Equivalents		 -23 -26 36 -4.20 -28 28 18 -4.90 21 118 -29
Net Cash From Operating Activities		 24 -7.00 77 46 75 26 51 31 69 57 45
Net Cash From Continuing Operating Activities		 24 -7.00 77 39 75 26 51 38 62 57 47
Net Income / (Loss) Continuing Operations		 16 11 34 32 16 9.80 -350 47 45 54 56
Consolidated Net Income / (Loss)		 16 11 34 19 16 9.80 -350 -171 51 -100 57
Net Income / (Loss) Discontinued Operations		 - - - -13 - - - -218 6.40 -154 0.80
Depreciation Expense		 25 25 23 10 24 24 31 8.60 8.40 8.20 8.10
Amortization Expense		 0.40 0.50 0.50 0.50 0.40 0.50 0.50 0.50 0.40 1.40 0.30
Non-Cash Adjustments To Reconcile Net Income		 -4.10 4.70 21 9.50 18 8.90 421 8.70 20 17 9.40
Changes in Operating Assets and Liabilities, net		 -14 -47 -0.90 -14 16 -18 -52 -27 -12 -23 -27
Net Cash From Discontinued Operating Activities		 - - - 7.20 - - - -6.80 7.80 -0.60 -1.50
Net Cash From Investing Activities		 -22 -22 -25 -19 -2.30 -14 -17 11 -9.20 282 -4.20
Net Cash From Continuing Investing Activities		 -22 -22 -25 -11 -2.30 -14 -17 16 -4.90 -5.30 -4.20
Purchase of Property, Plant & Equipment		 -12 -13 -11 -6.10 -7.60 -8.70 4.50 -2.60 -3.80 -5.90 -4.30
Acquisitions		 -10 -9.40 -14 -4.60 -5.50 -7.50 -7.50 -1.50 -1.10 -1.20 -1.00
Purchase of Investments		 -0.30 -0.30 - -0.10 - - - 0.00 - 1.80 1.10
Sale of Property, Plant & Equipment		 - - - 0.00 - 2.70 - 20 - - 0.00
Net Cash From Discontinued Investing Activities		 - - - -8.10 - - - -4.80 -4.30 288 0.00
Net Cash From Financing Activities		 -4.90 19 -36 -27 -91 -1.60 -6.50 -48 -40 -218 -70
Net Cash From Continuing Financing Activities		 -4.90 19 -36 -26 -91 -1.60 -6.50 -47 -39 -218 -70
Repayment of Debt		 -40 -42 -86 -92 -93 -22 -31 -79 -38 -400 -88
Issuance of Debt		 35 61 50 64 - 8.70 26 0.00 - 344 15
Other Financing Activities, net		 0.50 0.70 0.10 1.80 2.30 11 -2.00 32 12 1.80 2.40
Net Cash From Discontinued Financing Activities		 - - - -0.40 - - - -0.80 -0.90 -0.90 0.00
Effect of Exchange Rate Changes		 -19 -16 20 -4.60 -9.60 18 -9.80 1.10 0.30 -2.40 0.40

Annual Balance Sheets for Masimo

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024 1/3/2026
Total Assets		 602 821 905 1,155 1,396 1,713 1,887 3,211 3,042 2,626 1,699
Total Current Assets		 299 507 560 789 996 1,101 1,239 1,309 1,232 1,226 926
Cash & Equivalents		 132 306 315 552 568 641 745 203 163 124 152
Accounts Receivable		 81 102 119 110 132 - 201 446 356 283 276
Inventories, net		 62 73 92 95 116 216 201 501 545 295 380
Other Current Assets		 21 26 34 32 60 102 91 159 168 121 117
Other Current Nonoperating Assets		 - - - - - - - - - 403 1.00
Plant, Property, & Equipment, net		 132 136 164 166 220 273 273 403 424 337 355
Total Noncurrent Assets		 170 177 182 200 181 319 376 1,500 1,385 1,063 418
Noncurrent Note & Lease Receivables		 - - - 0.00 50 58 74 73 71 59 43
Goodwill		 20 20 21 23 22 103 100 445 408 97 101
Intangible Assets		 28 29 27 28 27 74 73 723 652 62 52
Noncurrent Deferred & Refundable Income Taxes		 44 39 20 21 36 39 53 103 107 118 114
Other Noncurrent Operating Assets		 78 89 114 127 45 45 77 156 147 112 107
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 615 0.10
Total Liabilities & Shareholders' Equity		 602 821 905 1,155 1,396 1,713 1,887 3,211 3,042 2,626 1,699
Total Liabilities		 326 260 181 186 228 305 337 1,872 1,677 1,574 978
Total Current Liabilities		 133 220 130 147 172 234 268 630 564 618 372
Accounts Payable		 26 34 34 40 55 64 76 277 252 129 103
Accrued Expenses		 44 28 24 25 37 - - 183 162 115 109
Current Deferred Revenue		 21 38 32 32 26 45 51 81 87 77 73
Current Employee Benefit Liabilities		 38 43 40 49 55 72 71 89 63 79 84
Other Current Nonoperating Liabilities		 - - - - - - - - - 218 2.50
Total Noncurrent Liabilities		 193 40 52 39 56 0.00 69 1,242 1,113 956 606
Long-Term Debt		 185 - - - - - 0.00 942 872 714 518
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 5.10 164 112 0.20 0.20
Other Noncurrent Operating Liabilities		 8.02 15 52 39 56 - 64 137 130 71 88
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - 171 0.10
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 276 560 724 969 1,168 1,408 1,550 1,339 1,365 1,052 721
Total Preferred & Common Equity		 275 560 724 969 1,168 1,408 1,550 1,339 1,365 1,052 721
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 275 560 724 969 1,168 1,408 1,550 1,339 1,365 1,052 721
Common Stock		 332 382 462 533 601 704 753 782 784 838 929
Retained Earnings		 289 589 738 931 1,100 1,341 1,571 1,714 1,796 1,491 1,339
Treasury Stock		 -341 -404 -473 -489 -527 639 -768 -1,169 -1,169 -1,169 -1,535
Accumulated Other Comprehensive Income / (Loss)		 -4.74 -7.03 -2.94 -6.20 -6.72 1.41 -5.50 12 -45 -108 -13

Quarterly Balance Sheets for Masimo

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 10/1/2022 4/1/2023 7/1/2023 9/30/2023 3/30/2024 6/29/2024 9/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
Total Assets		 3,056 3,116 3,011 2,996 2,958 2,894 3,088 2,293 2,403 1,818 1,643
Total Current Assets		 1,246 1,261 1,208 1,238 1,166 1,142 1,280 1,184 1,270 1,048 871
Cash & Equivalents		 220 174 151 124 158 130 159 131 150 312 125
Accounts Receivable		 372 411 349 357 331 338 371 286 295 289 239
Inventories, net		 495 504 543 585 506 513 570 301 319 339 400
Other Current Assets		 159 172 166 172 160 162 181 112 113 107 107
Other Current Nonoperating Assets		 - - - - 11 - - 354 394 0.90 0.00
Plant, Property, & Equipment, net		 372 402 410 415 415 414 418 332 338 345 356
Total Noncurrent Assets		 1,439 1,453 1,393 1,343 1,377 1,338 1,390 777 795 424 417
Noncurrent Note & Lease Receivables		 80 82 78 80 70 67 64 59 53 49 43
Goodwill		 446 422 411 400 396 389 413 98 101 101 101
Intangible Assets		 709 690 666 630 636 606 641 61 58 57 51
Noncurrent Deferred & Refundable Income Taxes		 57 112 88 88 107 107 107 119 119 119 114
Other Noncurrent Operating Assets		 148 147 151 145 168 169 165 105 102 97 107
Other Noncurrent Nonoperating Assets		 - - - - - - - 334 362 1.40 0.00
Total Liabilities & Shareholders' Equity		 3,056 3,116 3,011 2,996 2,958 2,894 3,088 2,293 2,403 1,818 1,643
Total Liabilities		 1,804 1,785 1,703 1,720 1,593 1,525 1,625 1,347 1,360 1,008 854
Total Current Liabilities		 587 583 572 579 504 546 638 547 592 370 325
Accounts Payable		 268 249 266 284 203 216 281 125 136 118 89
Accrued Expenses		 152 180 183 166 166 178 196 118 121 112 112
Current Deferred Revenue		 78 82 74 73 70 80 85 73 75 68 70
Current Employee Benefit Liabilities		 90 73 50 56 65 72 76 62 68 70 54
Other Current Nonoperating Liabilities		 - - - - - - - 169 193 1.30 0.00
Total Noncurrent Liabilities		 1,217 1,202 1,131 1,142 1,088 979 987 800 768 638 528
Long-Term Debt		 951 898 889 910 841 747 733 636 599 559 446
Noncurrent Deferred & Payable Income Tax Liabilities		 139 168 119 112 107 102 111 0.20 0.20 0.00 0.40
Other Noncurrent Operating Liabilities		 - - - - 140 130 143 73 76 79 82
Other Noncurrent Nonoperating Liabilities		 - - - - - - - 91 93 0.10 0.00
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,253 1,330 1,308 1,276 1,365 1,369 1,463 946 1,043 810 789
Total Preferred & Common Equity		 1,253 1,330 1,308 1,276 1,365 1,369 1,463 946 1,043 810 789
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,253 1,330 1,308 1,276 1,365 1,369 1,463 946 1,043 810 789
Common Stock		 775 782 774 774 795 811 829 882 903 920 941
Retained Earnings		 1,674 1,736 1,751 1,762 1,815 1,831 1,841 1,320 1,372 1,271 1,397
Treasury Stock		 -1,169 -1,169 -1,169 -1,169 -1,169 -1,169 -1,169 -1,169 -1,183 -1,368 -1,535
Accumulated Other Comprehensive Income / (Loss)		 -27 -18 -48 -91 -75 -103 -37 -86 -49 -13 -13

Annual Metrics And Ratios for Masimo

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/3/2015 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.20% 7.41% 13.14% 10.85% 8.61% 9.27% 21.95% 8.35% 64.28% 0.60% 2.26%
EBITDA Growth		 31.80% 14.95% 241.09% -54.29% 14.11% 9.68% 13.72% 5.80% 6.74% -43.09% -206.43%
EBIT Growth		 34.75% 14.02% 272.61% -57.14% 15.06% 9.54% 12.61% 4.06% -29.52% -54.45% -446.54%
NOPAT Growth		 28.60% 11.67% 271.39% -60.54% 52.59% -1.59% 25.75% -1.00% -32.48% -18.96% -247.85%
Net Income Growth		 33.46% 9.60% 281.71% -59.89% 55.10% 1.38% 22.47% -4.45% -37.50% -43.21% -474.11%
EPS Growth		 27.45% 19.23% 277.42% -61.88% 54.71% -0.29% 20.35% -3.86% -34.67% -41.92% -478.81%
Operating Cash Flow Growth		 73.52% 22.58% 257.60% -86.62% 327.25% -7.47% -4.76% 25.34% -88.89% 220.07% 108.71%
Free Cash Flow Firm Growth		 -74.08% 561.49% 614.00% -107.94% 686.95% -32.46% -112.97% 1,081.09% -820.79% 111.67% 118.30%
Invested Capital Growth		 29.07% 10.06% -22.59% 60.61% 1.98% 15.27% 51.83% 10.40% 158.12% -0.20% -22.73%
Revenue Q/Q Growth		 3.41% 0.88% 5.04% 0.82% 1.80% 2.67% 4.33% 2.71% 16.57% -3.22% 2.54%
EBITDA Q/Q Growth		 20.69% 3.56% 177.58% -57.29% 4.27% 3.85% 1.55% 3.68% 17.77% -32.24% -213.80%
EBIT Q/Q Growth		 23.35% 3.37% 197.33% -59.88% 4.98% 3.91% 0.88% 3.79% -9.78% -27.01% -484.03%
NOPAT Q/Q Growth		 20.98% 4.47% 180.49% -65.66% 38.89% 2.82% 8.44% -0.11% -8.64% 3.81% -238.44%
Net Income Q/Q Growth		 20.40% 4.18% 181.72% -65.17% 39.37% 3.15% 7.97% -1.06% -15.99% -7.91% -487.91%
EPS Q/Q Growth		 21.50% 3.33% 182.61% -66.21% 38.55% 2.99% 7.53% -0.75% -13.91% -7.93% -494.48%
Operating Cash Flow Q/Q Growth		 29.70% 38.67% 180.35% -83.44% 6.46% 3.26% -2.62% 14.22% -77.98% 804.81% -11.93%
Free Cash Flow Firm Q/Q Growth		 250.25% 235.76% 262.86% -110.53% 25.14% -1.96% -172.81% 39.61% -11.89% 190.74% 79.84%
Invested Capital Q/Q Growth		 2.81% -7.41% -29.29% -4.41% -0.56% 1.09% 4.79% -1.34% 4.69% 0.59% -21.38%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 66.61% 65.07% 67.10% 66.06% 66.98% 67.09% 64.96% 65.24% 52.01% 49.00% 47.96%
EBITDA Margin		 19.58% 20.95% 63.17% 26.05% 27.37% 27.47% 25.62% 25.02% 16.25% 9.19% -9.57%
Operating Margin		 17.65% 19.08% 61.15% 23.26% 24.24% 23.59% 22.37% 22.26% 10.32% 6.66% -12.73%
EBIT Margin		 17.39% 18.46% 60.81% 23.51% 24.91% 24.97% 23.06% 22.14% 9.50% 4.30% -14.58%
Profit (Net Income) Margin		 12.68% 12.93% 43.64% 15.79% 22.55% 20.92% 21.01% 18.53% 7.05% 3.98% -14.56%
Tax Burden Percent		 72.88% 70.05% 71.76% 67.16% 90.54% 83.79% 91.13% 83.67% 74.20% 92.51% 99.87%
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		 27.12% 29.95% 28.24% 32.84% 9.46% 16.21% 8.87% 16.33% 25.80% 7.49% 0.00%
Return on Invested Capital (ROIC)		 28.48% 26.87% 107.34% 37.25% 45.66% 41.34% 38.55% 30.09% 10.81% 6.08% -10.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 30.53% 14.32% 108.72% 36.81% 44.46% 39.59% 37.50% 30.25% 384.05% -0.10% -28.94%
Return on Net Nonoperating Assets (RNNOA)		 -5.02% 1.07% -32.91% -17.81% -22.80% -22.98% -19.89% -14.56% -0.88% -0.06% -15.07%
Return on Equity (ROE)		 23.45% 27.94% 74.43% 19.43% 22.86% 18.36% 18.66% 15.52% 9.93% 6.03% -25.23%
Cash Return on Invested Capital (CROIC)		 3.09% 17.29% 132.80% -9.27% 43.70% 27.15% -2.61% 20.20% -77.49% 6.28% 15.49%
Operating Return on Assets (OROA)		 20.33% 19.94% 60.96% 21.53% 20.75% 18.36% 16.97% 15.25% 7.59% 2.82% -10.77%
Return on Assets (ROA)		 14.82% 13.97% 43.75% 14.46% 18.79% 15.38% 15.46% 12.76% 5.63% 2.61% -10.76%
Return on Common Equity (ROCE)		 23.39% 27.84% 74.40% 19.43% 22.86% 18.36% 18.66% 15.52% 9.93% 6.03% -25.23%
Return on Equity Simple (ROE_SIMPLE)		 24.30% 29.59% 55.53% 17.24% 19.97% 16.80% 17.07% 14.81% 10.72% 5.97% -28.99%
Net Operating Profit after Tax (NOPAT)		 75 84 313 123 188 185 233 231 156 126 -187
NOPAT Margin		 12.86% 13.37% 43.88% 15.62% 21.95% 19.77% 20.38% 18.62% 7.65% 6.17% -8.91%
Net Nonoperating Expense Percent (NNEP)		 -2.06% 12.55% -1.38% 0.44% 1.20% 1.75% 1.05% -0.16% -373.24% 6.19% 18.78%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 6.83% 5.65% -10.49%
Cost of Revenue to Revenue		 33.39% 34.93% 32.90% 33.94% 33.02% 32.91% 35.04% 34.76% 47.99% 51.00% 52.04%
SG&A Expenses to Revenue		 41.08% 40.11% 35.73% 34.55% 33.25% 33.55% 32.26% 31.91% 32.29% 32.42% 35.51%
R&D to Revenue		 9.64% 8.99% 8.09% 8.25% 9.44% 9.95% 10.38% 11.07% 9.40% 8.55% 10.64%
Operating Expenses to Revenue		 48.97% 45.98% 5.95% 42.80% 42.74% 43.50% 42.60% 42.98% 41.69% 42.33% 60.69%
Earnings before Interest and Taxes (EBIT)		 102 116 434 186 214 234 264 274 193 88 -305
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 115 132 450 206 235 258 293 310 331 188 -200
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.43 7.58 5.98 6.05 5.77 7.32 10.50 10.43 5.81 4.54 8.70
Price to Tangible Book Value (P/TBV)		 5.27 9.18 6.55 6.48 6.10 7.65 12.01 11.74 45.51 20.32 23.06
Price to Revenue (P/Rev)		 2.31 3.31 4.70 5.54 6.52 9.12 12.92 13.05 3.82 3.02 4.37
Price to Earnings (P/E)		 18.70 25.06 10.76 35.11 28.90 43.58 61.49 70.42 54.19 75.99 0.00
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		 5.35% 3.99% 9.29% 2.85% 3.46% 2.29% 1.63% 1.42% 1.85% 1.32% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 4.52 6.52 11.96 9.95 12.10 16.37 19.39 19.16 4.10 3.33 6.06
Enterprise Value to Revenue (EV/Rev)		 2.30 3.40 4.27 5.15 5.87 8.38 12.36 12.45 4.18 3.37 4.63
Enterprise Value to EBITDA (EV/EBITDA)		 11.74 16.21 6.76 19.75 21.46 30.52 48.24 49.75 25.73 36.66 0.00
Enterprise Value to EBIT (EV/EBIT)		 13.22 18.40 7.02 21.89 23.58 33.58 53.60 56.20 44.03 78.35 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 17.88 25.41 9.73 32.94 26.77 42.42 60.64 66.83 54.65 54.66 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.11 18.26 7.26 72.53 21.05 35.48 66.96 58.29 289.65 73.35 49.41
Enterprise Value to Free Cash Flow (EV/FCFF)		 164.61 39.49 7.86 0.00 27.97 64.58 0.00 99.53 0.00 52.94 34.10
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.67 0.00 0.00 0.00 0.00 0.00 0.00 0.70 0.64 0.69
Long-Term Debt to Equity		 0.41 0.67 0.00 0.00 0.00 0.00 0.00 0.00 0.70 0.64 0.69
Financial Leverage		 -0.16 0.07 -0.30 -0.48 -0.51 -0.58 -0.53 -0.48 0.00 0.54 0.52
Leverage Ratio		 1.58 2.00 1.70 1.34 1.22 1.19 1.21 1.22 1.76 2.31 2.35
Compound Leverage Factor		 1.58 2.00 1.70 1.34 1.22 1.19 1.21 1.22 1.76 2.31 2.35
Debt to Total Capital		 28.92% 40.17% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 41.29% 38.98% 40.90%
Short-Term Debt to Total Capital		 0.02% 0.02% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 28.90% 40.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 41.29% 38.98% 40.90%
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		 0.40% 0.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 70.68% 59.76% 99.99% 100.00% 100.00% 100.00% 100.00% 100.00% 58.71% 61.02% 59.10%
Debt to EBITDA		 1.09 1.40 0.00 0.00 0.00 0.00 0.00 0.00 2.85 4.63 -3.63
Net Debt to EBITDA		 -0.08 0.40 -0.68 0.00 0.00 0.00 0.00 0.00 2.23 3.76 -2.75
Long-Term Debt to EBITDA		 1.09 1.40 0.00 0.00 0.00 0.00 0.00 0.00 2.85 4.63 -3.63
Debt to NOPAT		 1.66 2.20 0.00 0.00 0.00 0.00 0.00 0.00 6.04 6.90 -3.90
Net Debt to NOPAT		 -0.12 0.63 -0.98 0.00 0.00 0.00 0.00 0.00 4.74 5.61 -2.95
Long-Term Debt to NOPAT		 1.66 2.20 0.00 0.00 0.00 0.00 0.00 0.00 6.04 6.90 -3.90
Altman Z-Score		 5.67 6.53 11.76 17.75 21.22 25.51 31.96 31.72 4.33 4.08 4.98
Noncontrolling Interest Sharing Ratio		 0.26% 0.35% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.40 2.26 2.30 4.32 5.39 5.78 4.71 4.63 2.08 2.19 1.98
Quick Ratio		 1.66 1.61 1.85 3.35 4.52 4.76 2.74 3.53 1.03 0.92 0.98
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 8.19 54 387 -31 180 122 -16 155 -1,117 130 285
Operating Cash Flow to CapEx		 127.38% 232.58% 2,126.78% 128.34% 1,398.62% 324.16% 291.17% 1,037.65% 55.68% 213.86% 982.00%
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		 1.17 1.08 1.00 0.92 0.83 0.74 0.74 0.69 0.80 0.66 0.74
Accounts Receivable Turnover		 7.94 8.29 7.81 7.18 7.52 7.75 0.00 0.00 6.30 5.11 5.36
Inventory Turnover		 3.10 3.34 3.49 3.26 3.03 2.93 2.42 2.06 2.78 2.00 2.17
Fixed Asset Turnover		 9.25 5.38 5.31 5.27 5.20 4.87 4.65 4.54 6.03 4.95 5.20
Accounts Payable Turnover		 5.93 6.89 7.79 7.88 7.64 6.50 6.76 6.17 5.54 3.95 4.32
Days Sales Outstanding (DSO)		 45.97 44.02 46.75 50.85 48.51 47.10 0.00 0.00 57.97 71.41 68.14
Days Inventory Outstanding (DIO)		 117.90 109.23 104.71 112.13 120.42 124.52 151.13 176.80 131.21 182.74 168.13
Days Payable Outstanding (DPO)		 61.54 52.99 46.84 46.35 47.76 56.13 54.02 59.16 65.83 92.30 84.44
Cash Conversion Cycle (CCC)		 102.33 100.27 104.62 116.64 121.17 115.49 97.11 117.64 123.35 161.86 151.84
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 299 329 254 408 417 480 729 805 2,078 2,074 1,602
Invested Capital Turnover		 2.21 2.01 2.45 2.38 2.08 2.09 1.89 1.62 1.41 0.99 1.14
Increase / (Decrease) in Invested Capital		 67 30 -74 154 8.09 64 249 76 1,273 -4.10 -471
Enterprise Value (EV)		 1,349 2,141 3,042 4,066 5,042 7,863 14,134 15,423 8,516 6,902 9,704
Market Capitalization		 1,356 2,087 3,348 4,382 5,594 8,550 14,776 16,168 7,777 6,194 9,154
Book Value per Share		 $5.84 $5.48 $11.28 $14.01 $18.29 $21.78 $25.57 $28.07 $25.47 $25.83 $19.65
Tangible Book Value per Share		 $4.91 $4.52 $10.29 $13.09 $17.32 $20.86 $22.35 $24.94 $3.25 $5.77 $7.41
Total Capital		 433 461 560 724 969 1,168 1,408 1,550 2,281 2,237 1,780
Total Debt		 125 185 0.07 0.00 0.00 0.00 0.00 0.00 942 872 728
Total Long-Term Debt		 125 185 0.00 0.00 0.00 0.00 0.00 0.00 942 872 728
Net Debt		 -9.23 53 -306 -315 -552 -688 -641 -745 739 709 550
Capital Expenditures (CapEx)		 75 50 20 44 17 68 73 26 53 44 20
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 39 34 -19 115 90 136 226 226 476 505 431
Debt-free Net Working Capital (DFNWC)		 173 167 287 430 643 824 867 971 679 668 608
Net Working Capital (NWC)		 173 167 287 430 643 824 867 971 679 668 608
Net Nonoperating Expense (NNE)		 1.07 2.74 1.74 -1.35 -5.19 -11 -7.20 1.17 12 45 118
Net Nonoperating Obligations (NNO)		 -9.23 53 -306 -316 -552 -688 -679 -745 739 709 550
Total Depreciation and Amortization (D&A)		 13 16 17 20 21 23 29 36 138 100 105
Debt-free, Cash-free Net Working Capital to Revenue		 6.62% 5.44% -2.67% 14.52% 10.51% 14.52% 19.75% 18.20% 23.37% 24.66% 20.55%
Debt-free Net Working Capital to Revenue		 29.53% 26.44% 40.25% 54.42% 74.88% 87.85% 75.84% 78.34% 33.33% 32.62% 29.03%
Net Working Capital to Revenue		 29.52% 26.43% 40.24% 54.42% 74.88% 87.85% 75.84% 78.34% 33.33% 32.62% 29.03%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.33 $1.62 $6.07 $2.55 $3.70 $3.67 $4.39 $4.16 $2.68 $1.54 ($5.72)
Adjusted Weighted Average Basic Shares Outstanding		 54.71M 51.31M 49.53M 51.52M 52.30M 53.43M 54.70M 55.17M 53.60M 52.80M 53.30M
Adjusted Diluted Earnings per Share		 $1.30 $1.55 $5.65 $2.36 $3.45 $3.44 $4.14 $3.98 $2.60 $1.51 ($5.72)
Adjusted Weighted Average Diluted Shares Outstanding		 55.57M 53.71M 53.20M 55.87M 56.04M 57.10M 58.04M 57.68M 55.20M 54.10M 53.30M
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		 52.61M 49.49M 50.42M 51.64M 53.17M 53.79M 55.27M 55.36M 52.60M 52.91M 53.95M
Normalized Net Operating Profit after Tax (NOPAT)		 68 70 119 123 189 185 233 231 156 152 26
Normalized NOPAT Margin		 11.58% 11.19% 16.70% 15.62% 21.99% 19.77% 20.34% 18.62% 7.65% 7.42% 1.26%
Pre Tax Income Margin		 17.39% 18.46% 60.81% 23.51% 24.91% 24.97% 23.06% 22.14% 9.50% 4.30% -14.58%
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		 0.05% -0.42% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 137.83% 183.81% 21.93% 53.11% 9.55% 19.14% 45.98% 56.14% 279.79% 0.00% 0.00%

Quarterly Metrics And Ratios for Masimo

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

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 7/1/2023 9/30/2023 12/30/2023 3/30/2024 6/29/2024 9/28/2024 12/28/2024 3/29/2025 6/28/2025 9/27/2025 4/4/2026
DEI Shares Outstanding		 - - - - - - - - - - 52,365,808.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 52,365,808.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -19.46% -12.82% -11.04% -12.78% 9.01% 5.37% 9.44% 9.54% 7.85% 8.21% 8.49%
EBITDA Growth		 -48.25% 31.76% -66.03% -5.87% -12.30% -7.44% -816.70% 49.04% 54.33% 111.25% 2.84%
EBIT Growth		 -6.77% -73.08% -58.53% -4.96% -19.76% -17.14% -1,665.80% 64.82% 79.87% 156.51% 4.24%
NOPAT Growth		 23.35% -52.23% 19.81% -16.46% 22.67% 33.28% -489.29% 31.05% 54.95% 88.54% 13.55%
Net Income Growth		 -13.26% -72.03% -17.11% -11.27% 1.91% -7.55% -1,131.27% -1,003.17% 220.63% -1,124.49% 133.45%
EPS Growth		 -12.12% -71.43% -17.11% -10.26% 0.00% -10.00% -1,138.10% -991.43% 213.33% -1,122.22% 134.94%
Operating Cash Flow Growth		 883.33% -167.31% 1,268.18% 11,350.00% 215.68% 465.71% -34.50% -32.10% -6.85% 121.88% 45.66%
Free Cash Flow Firm Growth		 88.79% 94.89% 105.63% 103.61% 169.11% 184.60% 220.26% 1,769.82% 976.24% 1,787.92% -102.48%
Invested Capital Growth		 7.30% 3.87% -0.20% -0.78% -2.97% -1.14% -22.73% -49.82% -48.55% -48.19% 8.57%
Revenue Q/Q Growth		 -19.42% 5.18% 14.62% -10.22% 0.71% 1.67% 19.04% -38.07% -0.30% 0.16% 0.00%
EBITDA Q/Q Growth		 -4.55% -22.62% 18.21% 7.81% -11.07% -18.33% -1,015.24% 123.46% -17.16% 31.62% 0.00%
EBIT Q/Q Growth		 -5.34% -43.55% 65.00% 7.79% -20.08% -41.71% -3,218.10% 118.91% -19.01% 35.20% 0.00%
NOPAT Q/Q Growth		 -39.96% 2.86% 238.42% -60.03% -11.83% 11.76% -1,088.51% 121.41% -2.88% 14.66% 0.00%
Net Income Q/Q Growth		 -26.29% -32.48% 219.81% -44.25% -15.34% -38.75% -3,667.35% 51.17% 130.05% -295.71% 0.00%
EPS Q/Q Growth		 -25.64% -31.03% 215.00% -44.44% -17.14% -37.93% -3,733.33% 52.29% 130.13% -295.74% 0.00%
Operating Cash Flow Q/Q Growth		 5,800.00% -129.66% 1,201.43% -40.60% 62.66% -65.64% 97.27% -38.42% 123.15% -18.16% 0.00%
Free Cash Flow Firm Q/Q Growth		 89.60% 52.20% 218.97% -38.97% 99.14% -41.49% 350.41% 386.07% -4.93% 2.52% 0.00%
Invested Capital Q/Q Growth		 -0.36% 0.73% 0.59% -1.73% -2.55% 2.63% -21.38% -36.19% -0.08% 3.36% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 48.58% 49.03% 47.86% 49.05% 51.34% 52.16% 40.74% 62.90% 62.90% 62.07% 62.14%
EBITDA Margin		 11.07% 8.14% 8.40% 10.09% 8.91% 7.15% -55.00% 20.83% 17.31% 22.75% 19.75%
Operating Margin		 6.44% 5.26% 8.02% 6.90% 5.70% 5.97% -59.78% 20.97% 17.39% 22.50% 19.18%
EBIT Margin		 5.45% 2.92% 4.21% 5.05% 4.01% 2.30% -60.21% 18.39% 14.94% 20.16% 17.67%
Profit (Net Income) Margin		 3.45% 2.21% 6.18% 3.84% 3.22% 1.94% -58.20% -45.89% 13.83% -27.03% 14.15%
Tax Burden Percent		 63.31% 75.71% 146.75% 75.90% 80.40% 84.48% 96.65% -249.56% 92.60% -134.05% 80.08%
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		 36.69% 24.29% -46.75% 24.10% 19.60% 15.52% 0.00% 30.99% 18.95% 28.30% 21.04%
Return on Invested Capital (ROIC)		 4.51% 4.17% 11.61% 5.06% 4.59% 5.02% -47.69% 20.11% 20.19% 22.76% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.11% 3.05% 7.37% 4.07% 3.59% 2.72% -63.29% -39.89% 19.86% -16.32% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 2.36% 1.83% 3.95% 2.11% 1.82% 1.35% -32.97% -12.91% 4.91% -5.89% 0.00%
Return on Equity (ROE)		 6.87% 6.00% 15.55% 7.17% 6.40% 6.38% -80.66% 7.20% 25.09% 16.87% 0.00%
Cash Return on Invested Capital (CROIC)		 0.17% 2.22% 6.28% 6.69% 9.33% 7.72% 15.49% 55.29% 53.91% 55.62% -8.22%
Operating Return on Assets (OROA)		 3.99% 2.04% 2.76% 3.29% 2.74% 1.54% -44.51% 14.90% 12.15% 17.94% 0.00%
Return on Assets (ROA)		 2.53% 1.55% 4.05% 2.50% 2.20% 1.30% -43.02% -37.17% 11.25% -24.04% 0.00%
Return on Common Equity (ROCE)		 6.87% 6.00% 15.55% 7.17% 6.40% 6.38% -80.66% 7.20% 25.09% 16.87% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 8.85% 6.94% 0.00% 5.79% 5.80% 5.37% 0.00% -52.25% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 19 19 65 26 23 25 -251 54 52 60 61
NOPAT Margin		 4.07% 3.98% 11.76% 5.24% 4.58% 5.04% -41.85% 14.47% 14.09% 16.13% 15.14%
Net Nonoperating Expense Percent (NNEP)		 0.40% 1.12% 4.24% 0.99% 1.00% 2.30% 15.60% 60.00% 0.33% 39.08% 2.02%
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.89% - - - -14.12% 3.40% 3.18% 4.38% 4.95%
Cost of Revenue to Revenue		 51.42% 50.97% 52.14% 50.95% 48.66% 47.84% 59.26% 37.10% 37.10% 37.93% 37.86%
SG&A Expenses to Revenue		 33.32% 32.60% 29.13% 32.45% 35.76% 36.62% 36.89% 32.10% 37.45% 31.33% 35.53%
R&D to Revenue		 8.83% 9.71% 6.92% 9.70% 9.87% 9.57% 12.93% 9.11% 8.06% 8.21% 7.43%
Operating Expenses to Revenue		 42.15% 43.77% 39.84% 42.15% 45.64% 46.20% 100.52% 41.94% 45.51% 39.57% 42.96%
Earnings before Interest and Taxes (EBIT)		 25 14 23 25 20 12 -362 68 55 75 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 50 39 46 50 44 36 -330 78 64 85 80
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.64 3.63 4.54 5.69 4.88 4.84 8.70 9.32 8.75 9.48 12.16
Price to Tangible Book Value (P/TBV)		 37.48 18.86 20.32 23.31 17.89 17.29 23.06 11.20 10.31 11.77 15.06
Price to Revenue (P/Rev)		 3.97 2.19 3.02 3.93 3.31 3.47 4.37 4.15 4.23 3.52 0.00
Price to Earnings (P/E)		 75.00 52.33 75.99 98.23 84.20 90.15 0.00 0.00 0.00 0.00 0.00
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		 1.33% 1.91% 1.32% 1.02% 1.19% 1.11% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 4.60 2.63 3.33 4.15 3.68 3.76 6.06 9.12 9.37 7.51 8.93
Enterprise Value to Revenue (EV/Rev)		 4.31 2.56 3.37 4.28 3.62 3.75 4.63 4.39 4.44 3.63 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 35.10 19.49 36.66 45.65 40.80 43.50 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 59.38 44.88 78.35 97.40 89.16 96.36 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 66.06 44.53 54.66 70.02 57.28 56.81 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 338.96 520.85 73.35 60.60 38.35 34.35 49.41 51.34 54.19 38.15 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 2,811.02 120.80 52.94 61.78 38.80 48.41 34.10 11.03 11.80 9.22 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.68 0.71 0.64 0.62 0.55 0.50 0.69 0.67 0.57 0.69 0.57
Long-Term Debt to Equity		 0.68 0.71 0.64 0.62 0.55 0.50 0.69 0.67 0.57 0.69 0.57
Financial Leverage		 0.57 0.60 0.54 0.52 0.51 0.50 0.52 0.32 0.25 0.36 0.23
Leverage Ratio		 2.38 2.39 2.31 2.25 2.21 2.22 2.35 2.27 2.20 2.16 2.27
Compound Leverage Factor		 2.38 2.39 2.31 2.25 2.21 2.22 2.35 2.27 2.20 2.16 2.27
Debt to Total Capital		 40.45% 41.64% 38.98% 38.13% 35.29% 33.38% 40.90% 40.19% 36.47% 40.84% 36.10%
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		 40.45% 41.64% 38.98% 38.13% 35.29% 33.38% 40.90% 40.19% 36.47% 40.84% 36.10%
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		 59.55% 58.36% 61.02% 61.87% 64.71% 66.62% 59.10% 59.81% 63.53% 59.16% 63.90%
Debt to EBITDA		 3.31 3.27 4.63 4.54 4.17 4.16 -3.63 -3.64 -3.93 -5.19 0.00
Net Debt to EBITDA		 2.75 2.83 3.76 3.69 3.45 3.26 -2.75 -2.89 -2.95 -2.29 0.00
Long-Term Debt to EBITDA		 3.31 3.27 4.63 4.54 4.17 4.16 -3.63 -3.64 -3.93 -5.19 0.00
Debt to NOPAT		 6.23 7.48 6.90 6.97 5.86 5.44 -3.90 -3.76 -3.90 -4.60 0.00
Net Debt to NOPAT		 5.17 6.46 5.61 5.66 4.84 4.26 -2.95 -2.98 -2.93 -2.03 0.00
Long-Term Debt to NOPAT		 6.23 7.48 6.90 6.97 5.86 5.44 -3.90 -3.76 -3.90 -4.60 0.00
Altman Z-Score		 4.88 3.42 4.01 4.75 4.48 4.37 4.91 6.10 6.13 7.34 8.47
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		 2.11 2.14 2.19 2.31 2.09 2.01 1.98 2.17 2.14 2.84 2.68
Quick Ratio		 0.87 0.83 0.92 0.97 0.86 0.83 0.98 0.76 0.75 1.63 1.12
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -121 -58 69 42 83 49 220 1,069 1,016 1,042 -26
Operating Cash Flow to CapEx		 198.32% -55.12% 707.34% 558.54% 980.26% 426.67% 0.00% 0.00% 1,826.32% 962.71% 1,053.49%
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		 0.73 0.70 0.66 0.65 0.68 0.67 0.74 0.81 0.81 0.89 0.00
Accounts Receivable Turnover		 6.23 5.81 5.11 5.33 5.88 5.61 5.36 6.90 6.80 6.61 0.00
Inventory Turnover		 2.19 1.97 2.00 2.01 1.94 1.77 2.17 2.71 2.64 2.43 0.00
Fixed Asset Turnover		 5.60 5.38 4.95 4.84 4.90 4.90 5.20 5.69 5.73 5.72 0.00
Accounts Payable Turnover		 4.25 3.85 3.95 4.49 4.25 3.62 4.32 6.68 6.23 5.55 0.00
Days Sales Outstanding (DSO)		 58.55 62.83 71.41 68.52 62.12 65.04 68.14 52.92 53.65 55.22 0.00
Days Inventory Outstanding (DIO)		 166.87 185.59 182.74 181.44 188.33 206.52 168.13 134.55 138.46 149.95 0.00
Days Payable Outstanding (DPO)		 85.81 94.74 92.30 81.27 85.91 100.95 84.44 54.67 58.56 65.81 0.00
Cash Conversion Cycle (CCC)		 139.61 153.68 161.86 168.70 164.55 170.61 151.84 132.80 133.54 139.36 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,046 2,061 2,074 2,038 1,986 2,038 1,602 1,022 1,022 1,056 1,110
Invested Capital Turnover		 1.11 1.05 0.99 0.97 1.00 1.00 1.14 1.39 1.43 1.41 0.00
Increase / (Decrease) in Invested Capital		 139 77 -4.10 -16 -61 -23 -471 -1,015 -964 -982 88
Enterprise Value (EV)		 9,423 5,417 6,902 8,454 7,302 7,661 9,704 9,329 9,569 7,928 9,914
Market Capitalization		 8,685 4,631 6,194 7,770 6,686 7,086 9,154 8,823 9,120 7,682 9,593
Book Value per Share		 $24.79 $24.15 $25.83 $25.80 $25.78 $27.51 $19.65 $17.54 $19.23 $14.91 $15.11
Tangible Book Value per Share		 $4.39 $4.65 $5.77 $6.30 $7.04 $7.71 $7.41 $14.60 $16.31 $12.01 $12.20
Total Capital		 2,197 2,186 2,237 2,207 2,115 2,196 1,780 1,582 1,642 1,369 1,235
Total Debt		 889 910 872 841 747 733 728 636 599 559 446
Total Long-Term Debt		 889 910 872 841 747 733 728 636 599 559 446
Net Debt		 738 786 709 684 617 575 550 505 449 247 321
Capital Expenditures (CapEx)		 12 13 11 8.20 7.60 6.00 -4.50 -17 3.80 5.90 4.30
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 486 534 505 504 466 484 431 507 528 366 421
Debt-free Net Working Capital (DFNWC)		 636 659 668 661 596 642 608 638 678 679 545
Net Working Capital (NWC)		 636 659 668 661 596 642 608 638 678 679 545
Net Nonoperating Expense (NNE)		 2.85 8.48 31 6.91 6.75 16 98 225 0.98 160 4.02
Net Nonoperating Obligations (NNO)		 738 786 709 672 617 575 550 76 -21 246 321
Total Depreciation and Amortization (D&A)		 26 25 23 25 24 25 31 9.10 8.80 9.60 8.40
Debt-free, Cash-free Net Working Capital to Revenue		 22.21% 25.25% 24.66% 25.50% 23.12% 23.69% 20.55% 23.82% 24.52% 16.79% 0.00%
Debt-free Net Working Capital to Revenue		 29.10% 31.13% 32.62% 33.47% 29.55% 31.45% 29.03% 29.97% 31.47% 31.10% 0.00%
Net Working Capital to Revenue		 29.10% 31.13% 32.62% 33.47% 29.55% 31.45% 29.03% 29.97% 31.47% 31.10% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.30 $0.20 $0.64 $0.36 $0.30 $0.18 ($6.56) ($3.17) $0.95 ($1.86) $1.10
Adjusted Weighted Average Basic Shares Outstanding		 52.80M 52.80M 52.80M 53M 53.10M 53.40M 53.30M 54M 54.30M 54M 52.20M
Adjusted Diluted Earnings per Share		 $0.29 $0.20 $0.63 $0.35 $0.29 $0.18 ($6.54) ($3.12) $0.94 ($1.84) $1.09
Adjusted Weighted Average Diluted Shares Outstanding		 54.40M 53.90M 54.10M 54.20M 54.30M 54.30M 53.30M 54.80M 54.80M 54.40M 52.60M
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		 52.82M 52.84M 52.91M 53.09M 53.20M 53.54M 53.95M 54.22M 54.32M 53.71M 52.37M
Normalized Net Operating Profit after Tax (NOPAT)		 19 24 31 26 23 25 -251 56 52 60 61
Normalized NOPAT Margin		 4.07% 5.09% 5.61% 5.24% 4.58% 5.04% -41.85% 14.97% 14.09% 16.15% 15.14%
Pre Tax Income Margin		 5.45% 2.92% 4.21% 5.05% 4.01% 2.30% -60.21% 18.39% 14.94% 20.16% 17.67%
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% -2.98% -31.09% 0.00%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused snapshot of MASI’s performance across the last four years, focusing on the latest quarter (Q1 2026) and notable year-over-year changes in revenue, profitability, cash flow, and balance-sheet trends.

  • Revenue momentum continues: Q1 2026 operating revenue rose to $403.6 million, up from $372.0 million in Q1 2025 (approximately +8% YoY).
  • Profitability improving on a core basis: Net income from continuing operations climbed to about $56.3 million in Q1 2026, up from roughly $47.2 million in Q1 2025; basic EPS was $1.10 and diluted EPS $1.09 (vs. $0.95 and $0.94 in Q1 2025).
  • Solid gross margins: Total gross profit was $250.8 million in Q1 2026, yielding a gross margin around 62% on revenue of $403.6 million.
  • Robust operating cash flow: Net cash from continuing operating activities was about $46.8 million in Q1 2026, supporting healthy cash generation; trailing “Net Cash From Operating Activities” was about $45.3 million for the quarter.
  • Balance-sheet improvement on leverage: Long-term debt declined to about $445.7 million in Q1 2026, versus ~$559.1 million in Q1 2025, indicating stronger leverage metrics.
  • R&D/IP investment moderation: Research & development expense in Q1 2026 was about $30.0 million, modestly lower than Q1 2025 (~$33.9 million), suggesting efficiency or product mix stabilization rather than a pullback in innovation.
  • Working capital dynamics turning neutral: Inventory levels increased to roughly $400 million in Q1 2026 from about $301 million in Q1 2025, which may reflect channel fill or buildup in inventories but is not yet clearly negative or positive without context on demand.
  • Liquidity slightly tighter: Cash & equivalents declined to about $124.6 million in Q1 2026 from around $130.8 million in Q1 2025, signaling a modest pullback in liquidity.
  • Quarterly cash flow mix negative from financing: Net cash from financing activities was an outflow of about $70.2 million in Q1 2026, driven by debt repayments, which weighed on overall cash position.
  • Quarterly net cash from investing modestly negative: Net cash from continuing investing activities was about $-4.2 million in Q1 2026, indicating small capex and acquisitions activity that offset cash flow from operations to a degree.
05/25/26 04:57 PM ETAI Generated. May Contain Errors.

Masimo Financials - Frequently Asked Questions

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.

Masimo's net income appears to be on a downward trend, with a most recent value of -$304.90 million in 2024, falling from $74.36 million in 2014. The previous period was $81.50 million in 2023. Find out what analysts predict for Masimo in the coming months.

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

Over the last 10 years, Masimo's total revenue changed from $586.64 million in 2014 to $2.09 billion in 2024, a change of 257.0%.

Masimo's total liabilities were at $977.70 million at the end of 2025, a 37.9% decrease from 2024, and a 199.9% increase since 2015.

In the past 10 years, Masimo's cash and equivalents has ranged from $123.60 million in 2024 to $745.30 million in 2021, and is currently $152.30 million as of their latest financial filing in 2025.

Over the last 10 years, Masimo's book value per share changed from 5.84 in 2014 to 19.65 in 2024, a change of 236.5%.


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Financial statements for NASDAQ:MASI last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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