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Masimo Corporation
🏹 Trader: 🎯 Near 52W High View all →
$9.7B
Market Cap
77.6
P/E
3.17
PEG
ROCE
0.0%
ROE
0.72
D/E
20.1%
OPM
0.0%
% from 52W High
50
α RS
🔍 MASI is showing a high-conviction setup because it matches 5 of 39 tracked screener presets, Sector RRG has Health Care in the Leading quadrant with the trail still strengthening, an ECS of 70.1 last quarter, and it has maintained a 5-day Near 52-Week High momentum persistence. The main caution: deleveraging's Backtest win rate is only 42%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG ECS Momentum Streaks Backtest
Sources
Conviction 5/39 · Health Care in Leading quadrant · ECS 70.1 · Near 52-Week High streak: 5d · Backtest win rate 42%
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Currency-adjusted total returns for MASI including FX impact
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📈 Price History
Ratio Health
Excellent
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By Category
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About

Masimo Corporation engages in the development, manufacture, and marketing of various patient monitoring technologies, and automation and connectivity solutions worldwide. It offers Masimo Signal Extraction Technology (SET) pulse oximetry with measure-through motion and low perfusion pulse oximetry monitoring to address the primary limitations of conventional pulse oximetry; Masimo Rainbow SET platform, including rainbow SET Pulse CO-Oximetry products that allows noninvasive monitoring of oxygen, carboxyhemoglobin, and methemoglobin. It also provides brain function and hemodynamic monitoring solutions; patient position and activity tracking, and neuromodulation technology solutions; and Masimo Hospital Automation platform, including hospital automation solutions, including Patient SafetyNet, Iris, iSirona, Replica, and UniView; and brain function monitoring, hemodynamic monitoring, regional oximetry, acoustic respiration rate monitoring, capnography and gas monitoring, and telehealth solutions. In addition, the company provides its products through direct sales force, distributors, and original equipment manufacturers partners to hospitals, emergency medical service and home care providers, long-term care facilities, physician offices, veterinarians, and consumers. Masimo Corporation was incorporated in 1989 and is headquartered in Irvine, California. As of June 10, 2026, Masimo Corporation operates as a subsidiary of Danaher Corporation.

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3-Statement Financial Model
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📊 MIXED Masimo Q3 2025: Healthcare revenue $371M, 8% growth; EPS $1.32, up 38%.
Revenue & Profitability
Total healthcare revenue was $371 million (+8% YoY). Consumables revenue grew 1% (compares to +20% in Q3 2024), while capital and other revenue grew 67%. Adjusted EPS was $1.32, a 38% increase from the prior year. Operating cash flow was $57 million. The company tightened full-year 2025 revenue guidance to $1,510-$1,530 million and raised EPS guidance to $5.40-$5.55.
Outlook
Management sees strong underlying demand trends, with inpatient admission growth of about 4% last year and continued demand for innovative monitoring technology. They expect consumable revenue to accelerate in Q4 as tough comparables normalize. The company is confident in achieving durable double-digit consumable growth on a multi-year basis.
Growth Drivers
Key growth levers include expanding share within the Philips installed base (underpenetrated vs. 50%+ global market share), accelerating intelligent monitoring with AI-enabled sensors (e.g., Opioid Halo for OIRD detection), and commercial excellence via a restructured salesforce pulling through specialty categories (capnography, hemodynamics, brain monitoring). The Dartmouth study on cost savings supports adoption of continuous monitoring.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Q3 gross margin was 62.2%, down 70 bps YoY (tariffs cost $5M and 140 bps headwind, offset by 70 bps operational improvement). Operating margin expanded to 27.1% (up 450 bps YoY), driven by 590 bps operational improvements partially offset by 140 bps tariff impact. Full-year operating margin guidance raised to 27.3%-27.7%. Excluding tariffs, Q3 operating margin would have been 28.5%.
Key Risks
Tariffs increased cost of sales by $5 million in Q3, causing a 140 bps margin headwind (mentioned by CFO). Unusual year-over-year comparables (consumables grew 20% in Q3 2024) made growth rates appear volatile. The transition to a distributor model in some international markets created a $6 million revenue headwind for the full year, though it is neutral to profitability.
Generated by AI · Q3 2025 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2025 Q3 2025 2025-11-04
Q3 saw 8% revenue growth and 38% higher adjusted EPS, driven by strong demand, margin expansion, and operational improvements. Guidance was raised for both revenue and EPS, with a strong Q4 expected from consumables and contract execution.
Q2 2025 Q2 2025 2025-08-05
Q2 saw strong revenue and EPS growth, with significant margin expansion and effective cost controls. Updated 2025 guidance reflects higher EPS and reduced tariff impact, while leadership changes and innovation initiatives support long-term growth.
Q1 2025 Q1 2025 2025-05-06
Q1 saw 10% revenue growth and 56% non-GAAP EPS growth, with strong healthcare performance and margin expansion. Guidance for 2025 remains robust despite new tariffs, and the divestiture of Sound United will fund share repurchases.
Q4 2024 Q4 2024 2025-02-25
Q4 and full-year 2024 saw strong revenue and margin growth, driven by healthcare segment gains, cost optimization, and record new contracts. 2025 guidance projects 8–10% healthcare revenue growth and 22–29% non-GAAP EPS growth, with Sound United divestiture and tariff risks noted.
Q3 2024 Q3 2024 2024-11-05
Q3 saw strong healthcare revenue growth and margin expansion, while non-healthcare remained weak. Guidance for 2024 was raised for EPS and margins, with continued focus on cost initiatives and strategic review of the consumer business. Healthcare contracting and utilization trends remain robust.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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