Masimo Corporation (MASI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,003,500 | 1,054,200 | 1,101,900 | 1,138,900 | 1,058,800 | 960,296 | 881,396 | 816,096 | 808,271 | 780,301 | 755,627 | 754,311 | 743,065 | 723,062 | 700,404 | 663,159 | 629,172 | 610,580 | 595,065 | 582,873 |
| Revenue (ttm) | US$ in thousands | 2,047,100 | 2,130,300 | 2,204,300 | 2,322,800 | 2,062,041 | 1,774,419 | 1,519,833 | 1,244,351 | 1,239,153 | 1,206,629 | 1,177,327 | 1,173,162 | 1,143,744 | 1,096,200 | 1,047,099 | 975,798 | 937,837 | 913,459 | 895,031 | 877,000 |
| Gross profit margin | 49.02% | 49.49% | 49.99% | 49.03% | 51.35% | 54.12% | 57.99% | 65.58% | 65.23% | 64.67% | 64.18% | 64.30% | 64.97% | 65.96% | 66.89% | 67.96% | 67.09% | 66.84% | 66.49% | 66.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,003,500K ÷ $2,047,100K
= 49.02%
Masimo Corporation's gross profit margin has shown fluctuations over the past five years, with a general downward trend. The margin decreased from 67.09% in March 2019 to 49.02% in December 2023. This decline could be a result of various factors such as changes in pricing strategies, cost of goods sold, or competitive pressures in the market. However, it is worth noting that even though the margin has declined over the years, it has remained relatively stable in recent quarters, hovering around the 49-51% range. Further analysis would be needed to understand the specific reasons behind these fluctuations and to evaluate their impact on the overall financial performance of Masimo Corporation.
Peer comparison
Dec 31, 2023