Masimo (MASI) Financials

$152.06 -1.55 (-1.01%)

Closing price 04:00 PM Eastern

Extended Trading

$149.30 -2.76 (-1.81%)

As of 04:24 PM Eastern

Annual Income Statements for Masimo

This table shows Masimo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	83	311	125	194	196	240	230	144	82	-305
Consolidated Net Income / (Loss)	82	311	125	194	196	240	230	144	82	-305
Net Income / (Loss) Continuing Operations	82	311	125	194	196	240	230	144	82	-305
Total Pre-Tax Income	116	434	186	214	234	264	274	193	88	-305
Total Operating Income	120	436	184	208	221	256	276	210	137	-267
Total Gross Profit	410	478	522	575	629	743	808	1,059	1,004	1,004
Total Revenue	630	713	790	858	938	1,144	1,239	2,036	2,048	2,094
Operating Revenue	630	713	790	858	938	1,144	1,239	2,036	2,048	2,094
Total Cost of Revenue	220	235	268	283	309	401	431	977	1,045	1,090
Operating Cost of Revenue	220	235	268	283	309	401	431	977	1,045	1,090
Total Operating Expenses	290	42	338	367	408	487	533	849	867	1,271
Selling, General & Admin Expense	253	255	273	285	315	369	395	657	664	744
Research & Development Expense	57	58	65	81	93	119	137	191	175	223
Impairment Charge	-	-	-	-	-	-	0.00	0.00	10	304
Other Special Charges / (Income)	-20	-270	0.00	0.43	0.00	-0.50	0.00	0.00	18	0.50
Total Other Income / (Expense), net	-3.91	-2.43	2.01	5.73	13	7.90	-1.40	-17	-48	-39
Other Income / (Expense), net	-3.91	-2.43	2.01	5.73	13	7.90	-1.40	-17	-48	-39
Income Tax Expense	35	122	61	20	38	23	45	50	6.60	-0.40
Basic Earnings per Share	$1.62	$6.28	$2.42	$3.70	$3.67	$4.39	$4.16	$2.68	$1.54	($5.72)
Weighted Average Basic Shares Outstanding	51.31M	49.53M	51.52M	52.30M	53.43M	54.70M	55.20M	53.60M	52.80M	53.30M
Diluted Earnings per Share	$1.55	$5.85	$2.23	$3.45	$3.44	$4.14	$3.98	$2.60	$1.51	($5.72)
Weighted Average Diluted Shares Outstanding	53.71M	53.20M	55.87M	56.04M	57.10M	58M	57.70M	55.20M	54.10M	53.30M
Weighted Average Basic & Diluted Shares Outstanding	51.40M	49.50M	-959.90M	52.30M	53.79M	55.27M	55.36M	52.60M	52.91M	53.95M

This table shows Masimo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	38	41	21	16	11	34	19	16	9.80	-350
Consolidated Net Income / (Loss)	38	41	21	16	11	34	19	16	9.80	-350
Net Income / (Loss) Continuing Operations	38	41	21	16	11	34	19	16	9.80	-350
Total Pre-Tax Income	52	56	26	25	14	23	25	20	12	-362
Total Operating Income	55	73	38	29	25	44	34	28	30	-359
Total Gross Profit	283	313	285	221	235	263	242	255	263	245
Total Revenue	549	617	565	455	479	549	493	496	505	601
Operating Revenue	549	617	565	455	479	549	493	496	505	601
Total Cost of Revenue	267	304	280	234	244	286	251	242	241	356
Operating Cost of Revenue	267	304	280	234	244	286	251	242	241	356
Total Operating Expenses	228	240	247	192	210	219	208	227	233	604
Selling, General & Admin Expense	175	186	196	152	156	160	160	178	185	222
Research & Development Expense	53	54	51	40	47	38	48	49	48	78
Total Other Income / (Expense), net	-2.80	-18	-12	-4.50	-11	-21	-9.10	-8.40	-19	-2.60
Other Income / (Expense), net	-2.80	-18	-12	-4.50	-11	-21	-9.10	-8.40	-19	-2.60
Income Tax Expense	14	15	4.90	9.10	3.40	-11	6.00	3.90	1.80	-12
Basic Earnings per Share	$0.72	$0.78	$0.40	$0.30	$0.20	$0.64	$0.36	$0.30	$0.18	($6.56)
Weighted Average Basic Shares Outstanding	52.50M	53.60M	52.60M	52.80M	52.80M	52.80M	53M	53.10M	53.40M	53.30M
Diluted Earnings per Share	$0.70	$0.76	$0.39	$0.29	$0.20	$0.63	$0.35	$0.29	$0.18	($6.54)
Weighted Average Diluted Shares Outstanding	54.10M	55.20M	54.40M	54.40M	53.90M	54.10M	54.20M	54.30M	54.30M	53.30M
Weighted Average Basic & Diluted Shares Outstanding	52.56M	52.60M	52.78M	52.82M	52.84M	52.91M	53.09M	53.20M	53.54M	53.95M

This table details how cash moves in and out of Masimo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	0.54	177	4.02	237	15	77	103	-539	-41	13
Net Cash From Operating Activities	117	419	56	240	222	211	265	29	94	196
Net Cash From Continuing Operating Activities	117	419	56	240	222	211	265	29	94	196
Net Income / (Loss) Continuing Operations	82	311	125	194	196	240	230	144	82	-305
Consolidated Net Income / (Loss)	82	311	125	194	196	240	230	144	82	-305
Depreciation Expense	16	17	20	21	23	29	36	136	98	103
Amortization Expense	-	-	-	-	-	0.00	0.00	1.40	1.90	1.90
Non-Cash Adjustments To Reconcile Net Income	12	13	28	26	28	35	30	37	21	458
Changes in Operating Assets and Liabilities, net	8.25	78	-117	-1.05	-26	-94	-31	-288	-108	-62
Net Cash From Investing Activities	-55	-25	-48	-26	-198	-83	-38	-1,058	-81	-51
Net Cash From Continuing Investing Activities	-55	-25	-48	-26	-198	-83	-38	-1,058	-81	-51
Purchase of Property, Plant & Equipment	-50	-20	-44	-17	-68	-73	-26	-53	-44	-20
Acquisitions	-4.20	-4.64	-3.08	-9.48	-4.12	-120	-9.40	-1,003	-36	-31
Purchase of Investments	0.00	-0.20	0.00	0.00	-280	-	-2.60	-1.70	-1.00	-0.10
Net Cash From Financing Activities	-62	-217	-4.14	26	-9.34	-54	-122	520	-57	-126
Net Cash From Continuing Financing Activities	-62	-217	-4.14	26	-9.34	-54	-122	520	-57	-126
Repayment of Debt	-70	-231	-0.07	-0.32	-	0.00	0.00	-145	-240	-238
Repurchase of Common Equity	-150	-68	-66	-18	-38	-111	-129	-402	0.00	0.00
Issuance of Debt	130	45	-	-	-	0.00	0.00	1,084	189	99
Other Financing Activities, net	28	37	62	45	28	56	6.50	-17	-5.90	13
Effect of Exchange Rate Changes	-	-	-	-2.00	-	2.90	-1.30	-31	2.80	-6.40

This table details how cash moves in and out of Masimo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	1.50	-13	-29	-23	-26	36	-4.20	-28	28	18
Net Cash From Operating Activities	10	-6.60	0.40	24	-7.00	77	46	75	26	51
Net Cash From Continuing Operating Activities	10	-6.60	0.40	24	-7.00	77	46	75	26	51
Net Income / (Loss) Continuing Operations	38	41	21	16	11	34	19	16	9.80	-350
Consolidated Net Income / (Loss)	38	41	21	16	11	34	19	16	9.80	-350
Depreciation Expense	-23	80	26	25	25	23	24	24	24	31
Amortization Expense	0.90	0.50	0.50	0.40	0.50	0.50	0.50	0.40	0.50	0.50
Non-Cash Adjustments To Reconcile Net Income	9.40	-0.40	-1.10	-4.10	4.70	21	10	18	8.90	421
Changes in Operating Assets and Liabilities, net	-15	-127	-46	-14	-47	-0.90	-8.30	16	-18	-52
Net Cash From Investing Activities	-7.70	-23	-11	-22	-22	-25	-19	-2.30	-14	-17
Net Cash From Continuing Investing Activities	-7.70	-23	-11	-22	-22	-25	-19	-2.30	-14	-17
Purchase of Property, Plant & Equipment	-6.00	-17	-8.50	-12	-13	-11	-8.20	-7.60	-8.70	4.50
Acquisitions	-2.90	-4.30	-2.20	-10	-9.40	-14	-11	-5.50	-7.50	-7.50
Net Cash From Financing Activities	29	-4.70	-35	-4.90	19	-36	-27	-91	-1.60	-6.50
Net Cash From Continuing Financing Activities	29	-4.70	-35	-4.90	19	-36	-27	-91	-1.60	-6.50
Repayment of Debt	-97	-39	-72	-40	-42	-86	-92	-93	-22	-31
Issuance of Debt	124	33	44	35	61	50	64	-	8.70	26
Other Financing Activities, net	2.30	1.20	-7.20	0.50	0.70	0.10	1.80	2.30	11	-2.00
Effect of Exchange Rate Changes	-31	22	17	-19	-16	20	-4.60	-9.60	18	-9.80

This table presents Masimo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	602	821	905	1,155	1,396	1,713	1,887	3,211	3,042	2,626
Total Current Assets	299	507	560	789	996	1,101	1,239	1,309	1,232	1,226
Cash & Equivalents	132	306	315	552	568	641	745	203	163	178
Accounts Receivable	81	102	119	110	132	-	201	446	356	427
Inventories, net	62	73	92	95	116	216	201	501	545	459
Other Current Assets	21	26	34	32	60	102	91	159	168	163
Plant, Property, & Equipment, net	132	136	164	166	220	273	273	403	424	382
Total Noncurrent Assets	170	177	182	200	181	319	376	1,500	1,385	1,018
Noncurrent Note & Lease Receivables	-	-	-	0.00	50	58	74	73	71	59
Goodwill	20	20	21	23	22	103	100	445	408	97
Intangible Assets	28	29	27	28	27	74	73	723	652	558
Noncurrent Deferred & Refundable Income Taxes	44	39	20	21	36	39	53	103	107	144
Other Noncurrent Operating Assets	78	89	114	127	45	45	77	156	147	161
Total Liabilities & Shareholders' Equity	602	821	905	1,155	1,396	1,713	1,887	3,211	3,042	2,626
Total Liabilities	326	260	181	186	228	305	337	1,872	1,677	1,574
Total Current Liabilities	133	220	130	147	172	234	268	630	564	618
Accounts Payable	26	34	34	40	55	64	76	277	252	253
Accrued Expenses	44	28	24	25	37	-	-	183	162	186
Current Deferred Revenue	21	38	32	32	26	45	51	81	87	96
Current Employee Benefit Liabilities	38	43	40	49	55	72	71	89	63	84
Total Noncurrent Liabilities	193	40	52	39	56	0.00	69	1,242	1,113	956
Long-Term Debt	185	-	-	-	-	-	0.00	942	872	728
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	5.10	164	112	100
Other Noncurrent Operating Liabilities	8.02	15	52	39	56	-	64	137	130	128
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	276	560	724	969	1,168	1,408	1,550	1,339	1,365	1,052
Total Preferred & Common Equity	275	560	724	969	1,168	1,408	1,550	1,339	1,365	1,052
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	275	560	724	969	1,168	1,408	1,550	1,339	1,365	1,052
Common Stock	332	382	462	533	601	704	753	782	784	838
Retained Earnings	289	589	738	931	1,100	1,341	1,571	1,714	1,796	1,491
Treasury Stock	-341	-404	-473	-489	-527	639	-768	-1,169	-1,169	-1,169
Accumulated Other Comprehensive Income / (Loss)	-4.74	-7.03	-2.94	-6.20	-6.72	1.41	-5.50	12	-45	-108

This table presents Masimo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,056	3,116	3,011	2,996	2,958	2,894	3,088
Total Current Assets	1,246	1,261	1,208	1,238	1,166	1,142	1,280
Cash & Equivalents	220	174	151	124	158	130	159
Accounts Receivable	372	411	349	357	331	338	371
Inventories, net	495	504	543	585	506	513	570
Other Current Assets	159	172	166	172	160	162	181
Plant, Property, & Equipment, net	372	402	410	415	415	414	418
Total Noncurrent Assets	1,439	1,453	1,393	1,343	1,377	1,338	1,390
Noncurrent Note & Lease Receivables	80	82	78	80	70	67	64
Goodwill	446	422	411	400	396	389	413
Intangible Assets	709	690	666	630	636	606	641
Noncurrent Deferred & Refundable Income Taxes	57	112	88	88	107	107	107
Other Noncurrent Operating Assets	148	147	151	145	168	169	165
Total Liabilities & Shareholders' Equity	3,056	3,116	3,011	2,996	2,958	2,894	3,088
Total Liabilities	1,804	1,785	1,703	1,720	1,593	1,525	1,625
Total Current Liabilities	587	583	572	579	504	546	638
Accounts Payable	268	249	266	284	203	216	281
Accrued Expenses	152	180	183	166	166	178	196
Current Deferred Revenue	78	82	74	73	70	80	85
Current Employee Benefit Liabilities	90	73	50	56	65	72	76
Total Noncurrent Liabilities	1,217	1,202	1,131	1,142	1,088	979	987
Long-Term Debt	951	898	889	910	841	747	733
Noncurrent Deferred & Payable Income Tax Liabilities	139	168	119	112	107	102	111
Other Noncurrent Operating Liabilities	-	-	-	-	140	130	143
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,253	1,330	1,308	1,276	1,365	1,369	1,463
Total Preferred & Common Equity	1,253	1,330	1,308	1,276	1,365	1,369	1,463
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,253	1,330	1,308	1,276	1,365	1,369	1,463
Common Stock	775	782	774	774	795	811	829
Retained Earnings	1,674	1,736	1,751	1,762	1,815	1,831	1,841
Treasury Stock	-1,169	-1,169	-1,169	-1,169	-1,169	-1,169	-1,169
Accumulated Other Comprehensive Income / (Loss)	-27	-18	-48	-91	-75	-103	-37

This table displays calculated financial ratios and metrics derived from Masimo's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.41%	13.14%	10.85%	8.61%	9.27%	21.95%	8.35%	64.28%	0.60%	2.26%
EBITDA Growth	14.95%	241.09%	-54.29%	14.11%	9.68%	13.72%	5.80%	6.74%	-43.09%	-206.43%
EBIT Growth	14.02%	272.61%	-57.14%	15.06%	9.54%	12.61%	4.06%	-29.52%	-54.45%	-446.54%
NOPAT Growth	11.67%	271.39%	-60.54%	52.59%	-1.59%	25.75%	-1.00%	-32.48%	-18.96%	-247.85%
Net Income Growth	9.60%	281.71%	-59.89%	55.10%	1.38%	22.47%	-4.45%	-37.50%	-43.21%	-474.11%
EPS Growth	19.23%	277.42%	-61.88%	54.71%	-0.29%	20.35%	-3.86%	-34.67%	-41.92%	-478.81%
Operating Cash Flow Growth	22.58%	257.60%	-86.62%	327.25%	-7.47%	-4.76%	25.34%	-88.89%	220.07%	108.71%
Free Cash Flow Firm Growth	561.49%	614.00%	-107.94%	686.95%	-32.46%	-112.97%	1,081.09%	-820.79%	111.67%	118.30%
Invested Capital Growth	10.06%	-22.59%	60.61%	1.98%	15.27%	51.83%	10.40%	158.12%	-0.20%	-22.73%
Revenue Q/Q Growth	0.88%	5.04%	0.82%	1.80%	2.67%	4.33%	2.71%	16.57%	-3.22%	2.54%
EBITDA Q/Q Growth	3.56%	177.58%	-57.29%	4.27%	3.85%	1.55%	3.68%	17.77%	-32.24%	-213.80%
EBIT Q/Q Growth	3.37%	197.33%	-59.88%	4.98%	3.91%	0.88%	3.79%	-9.78%	-27.01%	-484.03%
NOPAT Q/Q Growth	4.47%	180.49%	-65.66%	38.89%	2.82%	8.44%	-0.11%	-8.64%	3.81%	-238.44%
Net Income Q/Q Growth	4.18%	181.72%	-65.17%	39.37%	3.15%	7.97%	-1.06%	-15.99%	-7.91%	-487.91%
EPS Q/Q Growth	3.33%	182.61%	-66.21%	38.55%	2.99%	7.53%	-0.75%	-13.91%	-7.93%	-494.48%
Operating Cash Flow Q/Q Growth	38.67%	180.35%	-83.44%	6.46%	3.26%	-2.62%	14.22%	-77.98%	804.81%	-11.93%
Free Cash Flow Firm Q/Q Growth	235.76%	262.86%	-110.53%	25.14%	-1.96%	-172.81%	39.61%	-11.89%	190.74%	79.84%
Invested Capital Q/Q Growth	-7.41%	-29.29%	-4.41%	-0.56%	1.09%	4.79%	-1.34%	4.69%	0.59%	-21.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.07%	67.10%	66.06%	66.98%	67.09%	64.96%	65.24%	52.01%	49.00%	47.96%
EBITDA Margin	20.95%	63.17%	26.05%	27.37%	27.47%	25.62%	25.02%	16.25%	9.19%	-9.57%
Operating Margin	19.08%	61.15%	23.26%	24.24%	23.59%	22.37%	22.26%	10.32%	6.66%	-12.73%
EBIT Margin	18.46%	60.81%	23.51%	24.91%	24.97%	23.06%	22.14%	9.50%	4.30%	-14.58%
Profit (Net Income) Margin	12.93%	43.64%	15.79%	22.55%	20.92%	21.01%	18.53%	7.05%	3.98%	-14.56%
Tax Burden Percent	70.05%	71.76%	67.16%	90.54%	83.79%	91.13%	83.67%	74.20%	92.51%	99.87%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	29.95%	28.24%	32.84%	9.46%	16.21%	8.87%	16.33%	25.80%	7.49%	0.00%
Return on Invested Capital (ROIC)	26.87%	107.34%	37.25%	45.66%	41.34%	38.55%	30.09%	10.81%	6.08%	-10.16%
ROIC Less NNEP Spread (ROIC-NNEP)	14.32%	108.72%	36.81%	44.46%	39.59%	37.50%	30.25%	384.05%	-0.10%	-28.94%
Return on Net Nonoperating Assets (RNNOA)	1.07%	-32.91%	-17.81%	-22.80%	-22.98%	-19.89%	-14.56%	-0.88%	-0.06%	-15.07%
Return on Equity (ROE)	27.94%	74.43%	19.43%	22.86%	18.36%	18.66%	15.52%	9.93%	6.03%	-25.23%
Cash Return on Invested Capital (CROIC)	17.29%	132.80%	-9.27%	43.70%	27.15%	-2.61%	20.20%	-77.49%	6.28%	15.49%
Operating Return on Assets (OROA)	19.94%	60.96%	21.53%	20.75%	18.36%	16.97%	15.25%	7.59%	2.82%	-10.77%
Return on Assets (ROA)	13.97%	43.75%	14.46%	18.79%	15.38%	15.46%	12.76%	5.63%	2.61%	-10.76%
Return on Common Equity (ROCE)	27.84%	74.40%	19.43%	22.86%	18.36%	18.66%	15.52%	9.93%	6.03%	-25.23%
Return on Equity Simple (ROE_SIMPLE)	29.59%	55.53%	17.24%	19.97%	16.80%	17.07%	14.81%	10.72%	5.97%	-28.99%
Net Operating Profit after Tax (NOPAT)	84	313	123	188	185	233	231	156	126	-187
NOPAT Margin	13.37%	43.88%	15.62%	21.95%	19.77%	20.38%	18.62%	7.65%	6.17%	-8.91%
Net Nonoperating Expense Percent (NNEP)	12.55%	-1.38%	0.44%	1.20%	1.75%	1.05%	-0.16%	-373.24%	6.19%	18.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.83%	5.65%	-10.49%
Cost of Revenue to Revenue	34.93%	32.90%	33.94%	33.02%	32.91%	35.04%	34.76%	47.99%	51.00%	52.04%
SG&A Expenses to Revenue	40.11%	35.73%	34.55%	33.25%	33.55%	32.26%	31.91%	32.29%	32.42%	35.51%
R&D to Revenue	8.99%	8.09%	8.25%	9.44%	9.95%	10.38%	11.07%	9.40%	8.55%	10.64%
Operating Expenses to Revenue	45.98%	5.95%	42.80%	42.74%	43.50%	42.60%	42.98%	41.69%	42.33%	60.69%
Earnings before Interest and Taxes (EBIT)	116	434	186	214	234	264	274	193	88	-305
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	450	206	235	258	293	310	331	188	-200
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.58	5.98	6.05	5.77	7.32	10.50	10.43	5.81	4.54	8.70
Price to Tangible Book Value (P/TBV)	9.18	6.55	6.48	6.10	7.65	12.01	11.74	45.51	20.32	23.06
Price to Revenue (P/Rev)	3.31	4.70	5.54	6.52	9.12	12.92	13.05	3.82	3.02	4.37
Price to Earnings (P/E)	25.06	10.76	35.11	28.90	43.58	61.49	70.42	54.19	75.99	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.99%	9.29%	2.85%	3.46%	2.29%	1.63%	1.42%	1.85%	1.32%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.52	11.96	9.95	12.10	16.37	19.39	19.16	4.10	3.33	6.06
Enterprise Value to Revenue (EV/Rev)	3.40	4.27	5.15	5.87	8.38	12.36	12.45	4.18	3.37	4.63
Enterprise Value to EBITDA (EV/EBITDA)	16.21	6.76	19.75	21.46	30.52	48.24	49.75	25.73	36.66	0.00
Enterprise Value to EBIT (EV/EBIT)	18.40	7.02	21.89	23.58	33.58	53.60	56.20	44.03	78.35	0.00
Enterprise Value to NOPAT (EV/NOPAT)	25.41	9.73	32.94	26.77	42.42	60.64	66.83	54.65	54.66	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.26	7.26	72.53	21.05	35.48	66.96	58.29	289.65	73.35	49.41
Enterprise Value to Free Cash Flow (EV/FCFF)	39.49	7.86	0.00	27.97	64.58	0.00	99.53	0.00	52.94	34.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.00	0.00	0.00	0.00	0.00	0.00	0.70	0.64	0.69
Long-Term Debt to Equity	0.67	0.00	0.00	0.00	0.00	0.00	0.00	0.70	0.64	0.69
Financial Leverage	0.07	-0.30	-0.48	-0.51	-0.58	-0.53	-0.48	0.00	0.54	0.52
Leverage Ratio	2.00	1.70	1.34	1.22	1.19	1.21	1.22	1.76	2.31	2.35
Compound Leverage Factor	2.00	1.70	1.34	1.22	1.19	1.21	1.22	1.76	2.31	2.35
Debt to Total Capital	40.17%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	41.29%	38.98%	40.90%
Short-Term Debt to Total Capital	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	40.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	41.29%	38.98%	40.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.76%	99.99%	100.00%	100.00%	100.00%	100.00%	100.00%	58.71%	61.02%	59.10%
Debt to EBITDA	1.40	0.00	0.00	0.00	0.00	0.00	0.00	2.85	4.63	-3.63
Net Debt to EBITDA	0.40	-0.68	0.00	0.00	0.00	0.00	0.00	2.23	3.76	-2.75
Long-Term Debt to EBITDA	1.40	0.00	0.00	0.00	0.00	0.00	0.00	2.85	4.63	-3.63
Debt to NOPAT	2.20	0.00	0.00	0.00	0.00	0.00	0.00	6.04	6.90	-3.90
Net Debt to NOPAT	0.63	-0.98	0.00	0.00	0.00	0.00	0.00	4.74	5.61	-2.95
Long-Term Debt to NOPAT	2.20	0.00	0.00	0.00	0.00	0.00	0.00	6.04	6.90	-3.90
Altman Z-Score	6.53	11.76	17.75	21.22	25.51	31.96	31.72	4.33	4.08	4.98
Noncontrolling Interest Sharing Ratio	0.35%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.26	2.30	4.32	5.39	5.78	4.71	4.63	2.08	2.19	1.98
Quick Ratio	1.61	1.85	3.35	4.52	4.76	2.74	3.53	1.03	0.92	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	54	387	-31	180	122	-16	155	-1,117	130	285
Operating Cash Flow to CapEx	232.58%	2,126.78%	128.34%	1,398.62%	324.16%	291.17%	1,037.65%	55.68%	213.86%	982.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.00	0.92	0.83	0.74	0.74	0.69	0.80	0.66	0.74
Accounts Receivable Turnover	8.29	7.81	7.18	7.52	7.75	0.00	0.00	6.30	5.11	5.36
Inventory Turnover	3.34	3.49	3.26	3.03	2.93	2.42	2.06	2.78	2.00	2.17
Fixed Asset Turnover	5.38	5.31	5.27	5.20	4.87	4.65	4.54	6.03	4.95	5.20
Accounts Payable Turnover	6.89	7.79	7.88	7.64	6.50	6.76	6.17	5.54	3.95	4.32
Days Sales Outstanding (DSO)	44.02	46.75	50.85	48.51	47.10	0.00	0.00	57.97	71.41	68.14
Days Inventory Outstanding (DIO)	109.23	104.71	112.13	120.42	124.52	151.13	176.80	131.21	182.74	168.13
Days Payable Outstanding (DPO)	52.99	46.84	46.35	47.76	56.13	54.02	59.16	65.83	92.30	84.44
Cash Conversion Cycle (CCC)	100.27	104.62	116.64	121.17	115.49	97.11	117.64	123.35	161.86	151.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	329	254	408	417	480	729	805	2,078	2,074	1,602
Invested Capital Turnover	2.01	2.45	2.38	2.08	2.09	1.89	1.62	1.41	0.99	1.14
Increase / (Decrease) in Invested Capital	30	-74	154	8.09	64	249	76	1,273	-4.10	-471
Enterprise Value (EV)	2,141	3,042	4,066	5,042	7,863	14,134	15,423	8,516	6,902	9,704
Market Capitalization	2,087	3,348	4,382	5,594	8,550	14,776	16,168	7,777	6,194	9,154
Book Value per Share	$5.48	$11.28	$14.01	$18.29	$21.78	$25.57	$28.07	$25.47	$25.83	$19.65
Tangible Book Value per Share	$4.52	$10.29	$13.09	$17.32	$20.86	$22.35	$24.94	$3.25	$5.77	$7.41
Total Capital	461	560	724	969	1,168	1,408	1,550	2,281	2,237	1,780
Total Debt	185	0.07	0.00	0.00	0.00	0.00	0.00	942	872	728
Total Long-Term Debt	185	0.00	0.00	0.00	0.00	0.00	0.00	942	872	728
Net Debt	53	-306	-315	-552	-688	-641	-745	739	709	550
Capital Expenditures (CapEx)	50	20	44	17	68	73	26	53	44	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	34	-19	115	90	136	226	226	476	505	431
Debt-free Net Working Capital (DFNWC)	167	287	430	643	824	867	971	679	668	608
Net Working Capital (NWC)	167	287	430	643	824	867	971	679	668	608
Net Nonoperating Expense (NNE)	2.74	1.74	-1.35	-5.19	-11	-7.20	1.17	12	45	118
Net Nonoperating Obligations (NNO)	53	-306	-316	-552	-688	-679	-745	739	709	550
Total Depreciation and Amortization (D&A)	16	17	20	21	23	29	36	138	100	105
Debt-free, Cash-free Net Working Capital to Revenue	5.44%	-2.67%	14.52%	10.51%	14.52%	19.75%	18.20%	23.37%	24.66%	20.55%
Debt-free Net Working Capital to Revenue	26.44%	40.25%	54.42%	74.88%	87.85%	75.84%	78.34%	33.33%	32.62%	29.03%
Net Working Capital to Revenue	26.43%	40.24%	54.42%	74.88%	87.85%	75.84%	78.34%	33.33%	32.62%	29.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.62	$6.07	$2.55	$3.70	$3.67	$4.39	$4.16	$2.68	$1.54	($5.72)
Adjusted Weighted Average Basic Shares Outstanding	51.31M	49.53M	51.52M	52.30M	53.43M	54.70M	55.17M	53.60M	52.80M	53.30M
Adjusted Diluted Earnings per Share	$1.55	$5.65	$2.36	$3.45	$3.44	$4.14	$3.98	$2.60	$1.51	($5.72)
Adjusted Weighted Average Diluted Shares Outstanding	53.71M	53.20M	55.87M	56.04M	57.10M	58.04M	57.68M	55.20M	54.10M	53.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.49M	50.42M	51.64M	53.17M	53.79M	55.27M	55.36M	52.60M	52.91M	53.95M
Normalized Net Operating Profit after Tax (NOPAT)	70	119	123	189	185	233	231	156	152	26
Normalized NOPAT Margin	11.19%	16.70%	15.62%	21.99%	19.77%	20.34%	18.62%	7.65%	7.42%	1.26%
Pre Tax Income Margin	18.46%	60.81%	23.51%	24.91%	24.97%	23.06%	22.14%	9.50%	4.30%	-14.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	183.81%	21.93%	53.11%	9.55%	19.14%	45.98%	56.14%	279.79%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Masimo's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	78.69%	88.31%	85.73%	-19.46%	-12.82%	-11.04%	-12.78%	9.01%	5.37%	9.44%
EBITDA Growth	-61.46%	58.21%	-22.58%	-48.25%	31.76%	-66.03%	-5.87%	-12.30%	-7.44%	-816.70%
EBIT Growth	-23.08%	-27.35%	-55.67%	-6.77%	-73.08%	-58.53%	-4.96%	-19.76%	-17.14%	-1,665.80%
NOPAT Growth	-30.90%	-21.77%	-34.37%	23.35%	-52.23%	19.81%	-16.46%	22.67%	33.28%	-489.29%
Net Income Growth	-34.43%	-40.04%	-54.29%	-13.26%	-72.03%	-17.11%	-11.27%	1.91%	-7.55%	-1,131.27%
EPS Growth	-30.00%	-35.59%	-51.85%	-12.12%	-71.43%	-17.11%	-10.26%	0.00%	-10.00%	-1,138.10%
Operating Cash Flow Growth	-87.30%	-106.77%	-98.28%	883.33%	-167.31%	1,268.18%	11,350.00%	215.68%	465.71%	-34.50%
Free Cash Flow Firm Growth	-1,713.36%	-17,507.29%	-2,889.85%	88.79%	94.89%	105.63%	103.61%	169.11%	184.60%	220.26%
Invested Capital Growth	143.26%	158.12%	138.24%	7.30%	3.87%	-0.20%	-0.78%	-2.97%	-1.14%	-22.73%
Revenue Q/Q Growth	-2.83%	12.32%	-8.43%	-19.42%	5.18%	14.62%	-10.22%	0.71%	1.67%	19.04%
EBITDA Q/Q Growth	-69.61%	358.45%	-61.09%	-4.55%	-22.62%	18.21%	7.81%	-11.07%	-18.33%	-1,015.24%
EBIT Q/Q Growth	95.49%	7.12%	-52.96%	-5.34%	-43.55%	65.00%	7.79%	-20.08%	-41.71%	-3,218.10%
NOPAT Q/Q Growth	165.60%	34.94%	-42.68%	-39.96%	2.86%	238.42%	-60.03%	-11.83%	11.76%	-1,088.51%
Net Income Q/Q Growth	109.39%	7.92%	-47.92%	-26.29%	-32.48%	219.81%	-44.25%	-15.34%	-38.75%	-3,667.35%
EPS Q/Q Growth	112.12%	8.57%	-48.68%	-25.64%	-31.03%	215.00%	-44.44%	-17.14%	-37.93%	-3,733.33%
Operating Cash Flow Q/Q Growth	333.33%	-163.46%	106.06%	5,800.00%	-129.66%	1,201.43%	-40.60%	62.66%	-65.64%	97.27%
Free Cash Flow Firm Q/Q Growth	-4.83%	-7.98%	4.76%	89.60%	52.20%	218.97%	-38.97%	99.14%	-41.49%	350.41%
Invested Capital Q/Q Growth	4.06%	4.69%	-1.15%	-0.36%	0.73%	0.59%	-1.73%	-2.55%	2.63%	-21.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.43%	50.79%	50.41%	48.58%	49.03%	47.86%	49.05%	51.34%	52.16%	40.74%
EBITDA Margin	5.39%	21.99%	9.35%	11.07%	8.14%	8.40%	10.09%	8.91%	7.15%	-55.00%
Operating Margin	9.98%	11.90%	6.73%	6.44%	5.26%	8.02%	6.90%	5.70%	5.97%	-59.78%
EBIT Margin	9.47%	9.03%	4.64%	5.45%	2.92%	4.21%	5.05%	4.01%	2.30%	-60.21%
Profit (Net Income) Margin	6.90%	6.63%	3.77%	3.45%	2.21%	6.18%	3.84%	3.22%	1.94%	-58.20%
Tax Burden Percent	72.88%	73.43%	81.30%	63.31%	75.71%	146.75%	75.90%	80.40%	84.48%	96.65%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.12%	26.57%	18.70%	36.69%	24.29%	-46.75%	24.10%	19.60%	15.52%	0.00%
Return on Invested Capital (ROIC)	9.07%	12.34%	8.61%	4.51%	4.17%	11.61%	5.06%	4.59%	5.02%	-47.69%
ROIC Less NNEP Spread (ROIC-NNEP)	3.94%	406.19%	-574.20%	4.11%	3.05%	7.37%	4.07%	3.59%	2.72%	-63.29%
Return on Net Nonoperating Assets (RNNOA)	0.12%	-0.93%	-0.65%	2.36%	1.83%	3.95%	2.11%	1.82%	1.35%	-32.97%
Return on Equity (ROE)	9.18%	11.41%	7.96%	6.87%	6.00%	15.55%	7.17%	6.40%	6.38%	-80.66%
Cash Return on Invested Capital (CROIC)	-71.29%	-77.49%	-72.23%	0.17%	2.22%	6.28%	6.69%	9.33%	7.72%	15.49%
Operating Return on Assets (OROA)	6.86%	7.21%	4.24%	3.99%	2.04%	2.76%	3.29%	2.74%	1.54%	-44.51%
Return on Assets (ROA)	5.00%	5.29%	3.45%	2.53%	1.55%	4.05%	2.50%	2.20%	1.30%	-43.02%
Return on Common Equity (ROCE)	9.18%	11.41%	7.96%	6.87%	6.00%	15.55%	7.17%	6.40%	6.38%	-80.66%
Return on Equity Simple (ROE_SIMPLE)	13.64%	0.00%	8.89%	8.85%	6.94%	0.00%	5.79%	5.80%	5.37%	0.00%
Net Operating Profit after Tax (NOPAT)	40	54	31	19	19	65	26	23	25	-251
NOPAT Margin	7.27%	8.74%	5.47%	4.07%	3.98%	11.76%	5.24%	4.58%	5.04%	-41.85%
Net Nonoperating Expense Percent (NNEP)	5.13%	-393.85%	582.81%	0.40%	1.12%	4.24%	0.99%	1.00%	2.30%	15.60%
Return On Investment Capital (ROIC_SIMPLE)	-	2.36%	-	-	-	2.89%	-	-	-	-14.12%
Cost of Revenue to Revenue	48.57%	49.21%	49.59%	51.42%	50.97%	52.14%	50.95%	48.66%	47.84%	59.26%
SG&A Expenses to Revenue	31.79%	30.08%	34.74%	33.32%	32.60%	29.13%	32.45%	35.76%	36.62%	36.89%
R&D to Revenue	9.67%	8.82%	8.94%	8.83%	9.71%	6.92%	9.70%	9.87%	9.57%	12.93%
Operating Expenses to Revenue	41.45%	38.90%	43.68%	42.15%	43.77%	39.84%	42.15%	45.64%	46.20%	100.52%
Earnings before Interest and Taxes (EBIT)	52	56	26	25	14	23	25	20	12	-362
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	30	136	53	50	39	46	50	44	36	-330
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.92	5.81	7.30	6.64	3.63	4.54	5.69	4.88	4.84	8.70
Price to Tangible Book Value (P/TBV)	75.90	45.51	44.41	37.48	18.86	20.32	23.31	17.89	17.29	23.06
Price to Revenue (P/Rev)	4.25	3.82	4.23	3.97	2.19	3.02	3.93	3.31	3.47	4.37
Price to Earnings (P/E)	43.41	54.19	82.12	75.00	52.33	75.99	98.23	84.20	90.15	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.30%	1.85%	1.22%	1.33%	1.91%	1.32%	1.02%	1.19%	1.11%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.11	4.10	5.08	4.60	2.63	3.33	4.15	3.68	3.76	6.06
Enterprise Value to Revenue (EV/Rev)	4.66	4.18	4.54	4.31	2.56	3.37	4.28	3.62	3.75	4.63
Enterprise Value to EBITDA (EV/EBITDA)	29.00	25.73	33.06	35.10	19.49	36.66	45.65	40.80	43.50	0.00
Enterprise Value to EBIT (EV/EBIT)	38.00	44.03	64.99	59.38	44.88	78.35	97.40	89.16	96.36	0.00
Enterprise Value to NOPAT (EV/NOPAT)	47.77	54.65	75.22	66.06	44.53	54.66	70.02	57.28	56.81	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	61.03	289.65	1,580.39	338.96	520.85	73.35	60.60	38.35	34.35	49.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	2,811.02	120.80	52.94	61.78	38.80	48.41	34.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.70	0.67	0.68	0.71	0.64	0.62	0.55	0.50	0.69
Long-Term Debt to Equity	0.76	0.70	0.67	0.68	0.71	0.64	0.62	0.55	0.50	0.69
Financial Leverage	0.03	0.00	0.00	0.57	0.60	0.54	0.52	0.51	0.50	0.52
Leverage Ratio	1.77	1.76	1.73	2.38	2.39	2.31	2.25	2.21	2.22	2.35
Compound Leverage Factor	1.77	1.76	1.73	2.38	2.39	2.31	2.25	2.21	2.22	2.35
Debt to Total Capital	43.17%	41.29%	40.29%	40.45%	41.64%	38.98%	38.13%	35.29%	33.38%	40.90%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	43.17%	41.29%	40.29%	40.45%	41.64%	38.98%	38.13%	35.29%	33.38%	40.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.83%	58.71%	59.71%	59.55%	58.36%	61.02%	61.87%	64.71%	66.62%	59.10%
Debt to EBITDA	3.39	2.85	2.84	3.31	3.27	4.63	4.54	4.17	4.16	-3.63
Net Debt to EBITDA	2.60	2.23	2.29	2.75	2.83	3.76	3.69	3.45	3.26	-2.75
Long-Term Debt to EBITDA	3.39	2.85	2.84	3.31	3.27	4.63	4.54	4.17	4.16	-3.63
Debt to NOPAT	5.58	6.04	6.47	6.23	7.48	6.90	6.97	5.86	5.44	-3.90
Net Debt to NOPAT	4.29	4.74	5.22	5.17	6.46	5.61	5.66	4.84	4.26	-2.95
Long-Term Debt to NOPAT	5.58	6.04	6.47	6.23	7.48	6.90	6.97	5.86	5.44	-3.90
Altman Z-Score	4.12	4.19	5.07	4.88	3.42	4.01	4.75	4.48	4.37	4.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.12	2.08	2.16	2.11	2.14	2.19	2.31	2.09	2.01	1.98
Quick Ratio	1.01	1.03	1.00	0.87	0.83	0.92	0.97	0.86	0.83	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,129	-1,219	-1,161	-121	-58	69	42	83	49	220
Operating Cash Flow to CapEx	173.33%	-39.29%	4.71%	198.32%	-55.12%	707.34%	558.54%	980.26%	426.67%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.80	0.91	0.73	0.70	0.66	0.65	0.68	0.67	0.74
Accounts Receivable Turnover	6.20	6.30	7.52	6.23	5.81	5.11	5.33	5.88	5.61	5.36
Inventory Turnover	2.25	2.78	3.23	2.19	1.97	2.00	2.01	1.94	1.77	2.17
Fixed Asset Turnover	5.40	6.03	6.55	5.60	5.38	4.95	4.84	4.90	4.90	5.20
Accounts Payable Turnover	4.79	5.54	6.88	4.25	3.85	3.95	4.49	4.25	3.62	4.32
Days Sales Outstanding (DSO)	58.82	57.97	48.56	58.55	62.83	71.41	68.52	62.12	65.04	68.14
Days Inventory Outstanding (DIO)	162.00	131.21	113.03	166.87	185.59	182.74	181.44	188.33	206.52	168.13
Days Payable Outstanding (DPO)	76.27	65.83	53.05	85.81	94.74	92.30	81.27	85.91	100.95	84.44
Cash Conversion Cycle (CCC)	144.55	123.35	108.53	139.61	153.68	161.86	168.70	164.55	170.61	151.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,985	2,078	2,054	2,046	2,061	2,074	2,038	1,986	2,038	1,602
Invested Capital Turnover	1.25	1.41	1.58	1.11	1.05	0.99	0.97	1.00	1.00	1.14
Increase / (Decrease) in Invested Capital	1,169	1,273	1,192	139	77	-4.10	-16	-61	-23	-471
Enterprise Value (EV)	8,147	8,516	10,431	9,423	5,417	6,902	8,454	7,302	7,661	9,704
Market Capitalization	7,415	7,777	9,707	8,685	4,631	6,194	7,770	6,686	7,086	9,154
Book Value per Share	$23.85	$25.47	$25.29	$24.79	$24.15	$25.83	$25.80	$25.78	$27.51	$19.65
Tangible Book Value per Share	$1.86	$3.25	$4.16	$4.39	$4.65	$5.77	$6.30	$7.04	$7.71	$7.41
Total Capital	2,204	2,281	2,228	2,197	2,186	2,237	2,207	2,115	2,196	1,780
Total Debt	951	942	898	889	910	872	841	747	733	728
Total Long-Term Debt	951	942	898	889	910	872	841	747	733	728
Net Debt	732	739	723	738	786	709	684	617	575	550
Capital Expenditures (CapEx)	6.00	17	8.50	12	13	11	8.20	7.60	6.00	-4.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	439	476	504	486	534	505	504	466	484	431
Debt-free Net Working Capital (DFNWC)	658	679	678	636	659	668	661	596	642	608
Net Working Capital (NWC)	658	679	678	636	659	668	661	596	642	608
Net Nonoperating Expense (NNE)	2.04	13	9.59	2.85	8.48	31	6.91	6.75	16	98
Net Nonoperating Obligations (NNO)	732	739	723	738	786	709	672	617	575	550
Total Depreciation and Amortization (D&A)	-22	80	27	26	25	23	25	24	25	31
Debt-free, Cash-free Net Working Capital to Revenue	25.13%	23.37%	21.92%	22.21%	25.25%	24.66%	25.50%	23.12%	23.69%	20.55%
Debt-free Net Working Capital to Revenue	37.69%	33.33%	29.50%	29.10%	31.13%	32.62%	33.47%	29.55%	31.45%	29.03%
Net Working Capital to Revenue	37.69%	33.33%	29.50%	29.10%	31.13%	32.62%	33.47%	29.55%	31.45%	29.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.78	$0.40	$0.30	$0.20	$0.64	$0.36	$0.30	$0.18	($6.56)
Adjusted Weighted Average Basic Shares Outstanding	52.50M	53.60M	52.60M	52.80M	52.80M	52.80M	53M	53.10M	53.40M	53.30M
Adjusted Diluted Earnings per Share	$0.70	$0.76	$0.39	$0.29	$0.20	$0.63	$0.35	$0.29	$0.18	($6.54)
Adjusted Weighted Average Diluted Shares Outstanding	54.10M	55.20M	54.40M	54.40M	53.90M	54.10M	54.20M	54.30M	54.30M	53.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.56M	52.60M	52.78M	52.82M	52.84M	52.91M	53.09M	53.20M	53.54M	53.95M
Normalized Net Operating Profit after Tax (NOPAT)	40	54	31	19	24	31	26	23	25	-251
Normalized NOPAT Margin	7.27%	8.74%	5.47%	4.07%	5.09%	5.61%	5.24%	4.58%	5.04%	-41.85%
Pre Tax Income Margin	9.47%	9.03%	4.64%	5.45%	2.92%	4.21%	5.05%	4.01%	2.30%	-60.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	234.99%	279.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Masimo's Financials

When does Masimo's fiscal year end?

According to the most recent income statement we have on file, Masimo's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Masimo's net income changed over the last 9 years?

Masimo's net income appears to be on a downward trend, with a most recent value of -$304.90 million in 2024, falling from $81.50 million in 2015. The previous period was $81.50 million in 2023.

What is Masimo's operating income?

Masimo's total operating income in 2024 was -$266.70 million, based on the following breakdown:

Total Gross Profit: $1.00 billion
Total Operating Expenses: $1.27 billion

How has Masimo revenue changed over the last 9 years?

Over the last 9 years, Masimo's total revenue changed from $630.11 million in 2015 to $2.09 billion in 2024, a change of 232.4%.

How much debt does Masimo have?

Masimo's total liabilities were at $1.57 billion at the end of 2024, a 6.1% decrease from 2023, and a 382.7% increase since 2015.

How much cash does Masimo have?

In the past 9 years, Masimo's cash and equivalents has ranged from $132.32 million in 2015 to $745.30 million in 2021, and is currently $177.60 million as of their latest financial filing in 2024.

How has Masimo's book value per share changed over the last 9 years?

Over the last 9 years, Masimo's book value per share changed from 5.48 in 2015 to 19.65 in 2024, a change of 258.7%.

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This page (NASDAQ:MASI) was last updated on 4/15/2025 by MarketBeat.com Staff

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Masimo (MASI) Financials

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Masimo (MASI) Financials

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