Masimo Corporation (MASI) Revenue History
Annual and quarterly revenue from 1998 to present
MASI Revenue Over Time (1998–2025)
MASI Revenue Growth History
21 of 22 years with positive growth- FY1998 revenue growth
- N/A
- FY1999 revenue growth
- +294.1%
- FY2005 revenue growth
- +1510.3%
- FY2006 revenue growth
- +107.9%
- FY2007 revenue growth
- +14.2%
- FY2008 revenue growth
- +19.8%
- FY2009 revenue growth
- +13.7%
- FY2010 revenue growth
- +16.1%
- FY2011 revenue growth
- +8.3%
- FY2012 revenue growth
- +12.4%
- FY2013 revenue growth
- +11.0%
- FY2014 revenue growth
- +7.2%
- FY2015 revenue growth
- +7.4%
- FY2016 revenue growth
- +13.1%
- FY2017 revenue growth
- +10.9%
- FY2018 revenue growth
- +8.6%
- FY2019 revenue growth
- +9.3%
- FY2020 revenue growth
- +22.0%
- FY2021 revenue growth
- +8.4%
- FY2022 revenue growth
- +64.3%
- FY2023 revenue growth
- +0.6%
- FY2024 revenue growth
- +2.3%
- FY2025 revenue growth
- -27.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $403.6M | +8.5% |
| Q4 2025 | $412.5M | -31.3% |
| Q3 2025 | $371.5M | -26.4% |
| Q2 2025 | $370.9M | +7.9% |
| Q1 2025 | $372.0M | +9.5% |
| Q4 2024 | $600.7M | +9.4% |
| Q3 2024 | $504.6M | +5.4% |
| Q2 2024 | $343.9M | -24.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MASI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MASI Revenue Analysis (1998–2025)
Current Revenue & Growth
As of June 21, 2026, Masimo Corporation (MASI) generated trailing twelve-month (TTM) revenue of $1.56 billion, reflecting solid growth of +8.5% year-over-year. The most recent quarter (Q1 2026) recorded $403.6 million in revenue, down 2.2% sequentially.
Historical Growth Trajectory
MASI's 5-year compound annual growth rate (CAGR) stands at +5.9%, indicating steady revenue expansion. The 3-year CAGR of -9.1% is below the 5-year average, signalling a growth deceleration in recent years. Masimo Corporation's highest annual revenue of $2.09 billion was recorded in 2024.
Revenue by Segment
MASI's revenue is primarily driven by Health Care Segment (100%). With over half of revenue concentrated in Health Care Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including PODD (+31.9% YoY), HOLX (+2.2% YoY), and NVCR (+8.5% YoY) — MASI has outperformed the peer group in revenue growth. Compare MASI vs PODD →
MASI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MASICurrent | $1.6B | +8.5% | +5.9% | 20.5% | |
 PODD | $2.7B | +31.9% | +24.5% | 17.5% | |
 HOLX | $4.1B | +2.2% | +1.7% | 17.4% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 ITGR | $1.8B | +6.0% | +11.5% | 11.3% | |
 ICUI | $2.2B | -10.9% | +11.9% | 4.8% |
MASI Historical Revenue Data (1998–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.53B | -27.1% | $945.2M | 61.9% | $312.8M | 20.5% |
| 2024 | $2.09B | +2.3% | $1.00B | 48.0% | $-266,700,000 | -12.7% |
| 2023 | $2.05B | +0.6% | $1.00B | 49.0% | $136.5M | 6.7% |
| 2022 | $2.04B | +64.3% | $1.06B | 52.0% | $210.0M | 10.3% |
| 2021 | $1.24B | +8.4% | $808.4M | 65.2% | $275.8M | 22.3% |
| 2020 | $1.14B | +22.0% | $743.0M | 65.0% | $255.8M | 22.4% |
| 2019 | $937.8M | +9.3% | $629.2M | 67.1% | $221.2M | 23.6% |
| 2018 | $858.3M | +8.6% | $574.9M | 67.0% | $208.0M | 24.2% |
| 2017 | $790.2M | +10.9% | $522.0M | 66.1% | $183.8M | 23.3% |
| 2016 | $712.9M | +13.1% | $478.3M | 67.1% | $435.9M | 61.2% |
| 2015 | $630.1M | +7.4% | $410.0M | 65.1% | $120.3M | 19.1% |
| 2014 | $586.6M | +7.2% | $390.8M | 66.6% | $103.5M | 17.6% |
| 2013 | $547.2M | +11.0% | $358.8M | 65.6% | $79.7M | 14.6% |
| 2012 | $493.2M | +12.4% | $326.3M | 66.1% | $85.2M | 17.3% |
| 2011 | $439.0M | +8.3% | $294.1M | 67.0% | $86.5M | 19.7% |
Full Stock Analysis
Deep dive into MASI consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
28+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MASI — Frequently Asked Questions
Quick answers to the most common questions about buying MASI stock.
Is MASI's revenue growth accelerating or slowing?
MASI revenue growth is holding steady at +8.5% year-over-year. TTM revenue is $1.6B. The current growth rate closely tracks the 5-year CAGR of +5.9%, signalling consistent execution.
What is MASI's revenue history from 1998 to 2026?
Masimo Corporation (MASI) revenue history spans 1998 to 2026. TTM revenue as of 2026 is $1.6B, growing at +8.5% YoY. The 5-year CAGR is +5.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MASI's long-term revenue growth rate (CAGR)?
Masimo Corporation's 5-year revenue CAGR of +5.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +8.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MASI.
Why does MASI's quarterly revenue fluctuate?
MASI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Masimo Corporation's revenue data from 1998 to 2026 shows full historical quarterly detail on this page.
How is MASI's revenue distributed by segment?
MASI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MASI's revenue compare to industry peers?
Masimo Corporation (MASI) with TTM revenue of $1.6B and +8.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.