Masimo Corporation (MASI)

Net 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
Net income (ttm)	US$ in thousands	81,500	88,500	115,800	118,200	143,500	170,858	190,729	222,864	229,639	232,050	223,684	229,221	240,302	222,554	222,234	211,350	196,216	190,229	198,270	197,235
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
Net profit margin		3.98%	4.15%	5.25%	5.09%	6.96%	9.63%	12.55%	17.91%	18.53%	19.23%	19.00%	19.54%	21.01%	20.30%	21.22%	21.66%	20.92%	20.83%	22.15%	22.49%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $81,500K ÷ $2,047,100K
= 3.98%

Masimo Corporation's net profit margin has shown a fluctuating trend over the past few quarters. The company's net profit margin was at its highest in the first quarter of 2020 at 22.49%, followed by another peak in the second quarter of 2020 at 22.15%. However, the net profit margin has been gradually decreasing since then, reaching a low of 3.98% in the fourth quarter of 2023. This downward trend indicates a potential decline in the company's profitability and efficiency in generating profits from its revenue. It would be important for Masimo Corporation to closely analyze the factors contributing to this trend and implement corrective measures to improve its net profit margin in the future.