Masimo Corporation (MASI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	81,500	143,500	229,639	240,302	196,216
Revenue	US$ in thousands	2,053,900	2,073,900	1,239,150	1,143,740	937,837
Net profit margin		3.97%	6.92%	18.53%	21.01%	20.92%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $81,500K ÷ $2,053,900K
= 3.97%

The net profit margin of Masimo Corporation has exhibited a downward trend over the past five years. In 2023, the net profit margin decreased to 3.97% from 6.92% in 2022, marking a significant decline. This decrease indicates that the company's profitability relative to its revenue has weakened. The net profit margin was highest in 2020 at 21.01% and has shown a consistent decline since then. It is important for Masimo Corporation to closely monitor and address the factors contributing to this declining trend in order to sustain or improve its profitability levels in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Net profit margin

Masimo Corporation

MASI

3.97%

BioLife Solutions Inc