Masimo Corporation (MASI)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,003,500	1,058,800	808,400	743,000	629,172
Revenue	US$ in thousands	2,053,900	2,073,900	1,239,150	1,143,740	937,837
Gross profit margin		48.86%	51.05%	65.24%	64.96%	67.09%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,003,500K ÷ $2,053,900K
= 48.86%

Masimo Corporation's gross profit margin has exhibited a declining trend over the past five years. In 2023, the gross profit margin decreased to 48.86% from 51.05% in 2022 and continued to lower compared to the levels seen in prior years. This decline indicates that the company's cost of goods sold has been increasing at a faster rate than its revenue, resulting in a lower percentage of sales retained as gross profit. It is essential for Masimo Corporation to closely monitor its cost structure and pricing strategies to improve its gross profit margin and overall profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Masimo Corporation

MASI

48.86%

BioLife Solutions Inc