Masimo Corporation (MASI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 88,100 | 120,700 | 158,700 | 160,500 | 193,400 | 214,458 | 230,029 | 268,664 | 274,483 | 264,391 | 257,875 | 256,265 | 263,702 | 261,405 | 254,705 | 246,613 | 234,166 | 225,355 | 220,669 | 218,153 |
| 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 |
| Pretax margin | 4.30% | 5.67% | 7.20% | 6.91% | 9.38% | 12.09% | 15.14% | 21.59% | 22.15% | 21.91% | 21.90% | 21.84% | 23.06% | 23.85% | 24.32% | 25.27% | 24.97% | 24.67% | 24.65% | 24.87% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $88,100K ÷ $2,047,100K
= 4.30%
The pretax margin of Masimo Corporation has fluctuated over the time periods provided. It shows a general decreasing trend from 24.87% in March 2019 to 4.30% in December 2023. There was a significant drop in pretax margin from March 2022 (21.59%) to June 2022 (15.14%), followed by a gradual decline until December 2023. The decreasing trend indicates that the company's profitability before taxes relative to its total revenue has been eroding over time. It may be important for stakeholders to assess the factors contributing to this decline in profitability and consider potential strategies to address them.
Peer comparison
Dec 31, 2023