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Friday 6 November 2026 Export MAS’s income statement to Excel — free account

Masco Corporation

MAS Industrials Building Products & Equipment

Masco Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.6 billion, down 3.40% from fiscal 2024.

Revenue
+2.56%
EPS
+30.0%
Free cash flow
−20.0%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

83.75 3.07 −3.54%
Market cap
$16.2B
P/E
18.1×
Fwd P/E
17.1×
Dividend yield
1.90%
F-score
6/9
Altman Z
3.91
Beneish M
−2.62
Dividend safety
85/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Plumbing Products
  • Decorative Architectural Products

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 7.90
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — — — — — — 1 —
Insider Ownership 1.96%

Capital & Financial Ratios $m

Size
Market Cap 16,160.00
Revenue ttm 7,669.00
Net income ttm 1,097.00
Free cash flow ttm 1,057.00
Net debt Q 2,635.00
Valuation
P/E 18.13
Forward P/E 17.10
Price / sales 2.14
Forward P/S Powerpack
Price / FCF 15.53
Price / book 0.00
Financial health
Current ratio Q 1.83 (at or above 1.5: strong)
Debt / equity Q (16.81) (negative: negative equity)
Interest coverage Q 11.69
Growth
Revenue growth Q +2.56% (above 0%: growing)
Operating income growth Q +11.88% (above 0%: growing)
EPS, this year +19.28% (at or above 15%: strong)
EPS, next year A −0.45% (below 0%: weak)
Revenue, next year A +1.97%
EPS, past 5 yrs −3.40% (below 0%: weak)
EPS, next 5 yrs A +9.48%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.5×, against a ten-year median of 2.1×; over the ten years it ranged from 1.3× in 2016 to 2.8× in 2019.
P/E against its own 10 years 49.10%
10-year low 10-year high
P/S against its own 10 years 88.16%
10-year low 10-year high
EV/Sales against its own 10 years 91.97%
10-year low 10-year high
EV/FCF against its own 10 years 32.49%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.90%
Annual rate
1.59
Payout ratio
34.4%
Growth, 2018–26
+14.4%/yr
  1. 0.44 ’18
  2. 0.50 ’19 +14
  3. 0.68 ’20 +37
  4. 0.85 ’21 +24
  5. 1.12 ’22 +33
  6. 1.14 ’23 +2
  7. 1.16 ’24 +2
  8. 1.24 ’25 +7
  9. 1.28 ’26 +3
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 634 634 647 610
Receivables 1,090 1,035 1,028 1,254
Inventory 1,022 938 1,046 1,050
Other — — — —
2,856 2,730 2,840 3,039
2023 2024 2025 Q'26
Payables 840 789 810 860
ST’ Debt — — — —
Other — — — —
1,695 1,560 1,573 1,657

Compound Annual Growth %

10y 5y 3y
Sales 0.57% 1.02% (4.49%)
Cash Flow 2.35% 1.41% 6.76%
Earnings 8.75% (7.79%) (1.36%)
Book Value 2.74% (28.99%) 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.01 Actual 1.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.78 0.82 Beat by 0.04
Q1 FY26 0.88 1.04 Beat by 0.16
Q2 FY26 1.30 1.64 Beat by 0.34
Q3 FY26 1.01 1.19 Beat by 0.18
Q4 FY26 0.85 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.05 1.60 1.17 — —
’25 0.87 1.28 0.90 0.80 3.86
’24 0.97 1.17 0.77 0.85 3.76
’23 0.90 1.16 1.10 0.85 4.02
’22 0.97 1.19 0.97 0.51 3.63
’21 0.34 (0.14) 0.89 0.55 1.62
’20 1.92 0.85 1.05 0.74 4.59
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,918 1,992 1,966 — —
’25 1,801 2,051 1,917 1,793 7,562
’24 1,926 2,091 1,983 1,828 7,828
’23 1,979 2,127 1,979 1,882 7,967
’22 2,201 2,352 2,204 1,923 8,680
’21 1,970 2,179 2,204 2,022 8,375
’20 1,581 1,764 1,983 1,860 7,188
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (79) 496 371 — —
’25 (158) 306 456 418 1,022
’24 (94) 346 416 407 1,075
’23 33 415 480 485 1,413
’22 (227) 401 346 320 840
’21 (89) 328 356 335 930
’20 (92) 382 283 380 953
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (113) 453 332 — —
’25 (190) 270 415 385 880
’24 (125) 303 378 352 908
’23 (28) 343 432 426 1,173
’22 (254) 358 279 233 616
’21 (119) 305 327 289 802
’20 (116) 361 256 339 840
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.6% a year for ten years. It grew 4.0% a year over the last ten.

Implied
6.6%
10 years, reported
4.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,361 6,014 6,654 6,707 7,188 8,375 8,680 7,967 7,828 7,562 7,669 +0.3% 7,711 7,873 8,158 +2.6%
Gross margin, % 33.45 36.91 34.97 35.35 35.99 34.19 31.26 35.60 36.17 35.43 37.55 +2.0 pt
EBT 832 718 907 914 1,131 688 1,193 1,238 1,161 1,135 1,280 +3.5%
EBT margin, % 11.30 11.94 13.63 13.63 15.73 8.21 13.74 15.54 14.83 15.01 16.69 +3.7 pt
Net income 536 580 784 980 1,276 478 905 960 874 858 1,097 +5.4%
Per share, $
Per share, $ Revenue 22.58 19.15 21.82 23.37 27.23 33.63 37.58 35.41 35.91 36.18 39.13 +5.4%
Earnings 1.47 1.66 2.37 3.22 4.59 1.62 3.63 4.02 3.76 3.86 4.62 +11.3%
Cash flow 2.42 2.39 3.38 2.90 3.61 3.73 3.64 6.28 4.93 4.89 6.15 +8.1%
Capex (0.55) (0.47) (0.67) (0.45) (0.43) (0.51) (0.97) (1.07) (0.77) (0.68) (0.76) +2.3%
Free cash flow 1.87 1.92 2.71 2.46 3.18 3.22 2.67 5.21 4.17 4.21 5.39 +9.4%
Book value (0.32) 0.58 0.23 (0.20) 1.59 0.22 (1.13) 0.44 (0.24) 0.36 (0.98) n/m
Shares, m 326 314 305 287 264 249 231 225 218 209 202 (4.8%)
Valuation, ×
Valuation, × P/E 21.93 26.55 12.34 14.81 12.05 42.82 13.03 16.60 19.30 16.48 18.13 19.6
P/S 1.43 2.29 1.34 2.05 2.02 2.09 1.26 1.88 2.02 1.75 2.14 1.8
P/B 0.00 75.17 129.25 0.00 34.45 312.23 0.00 152.84 0.00 176.84 0.00 88.1
EV/Sales 1.67 2.56 1.70 2.36 2.22 2.33 1.55 2.17 2.32 2.06 2.48 2.1
EV/FCF 20.22 25.62 13.71 22.48 19.01 24.32 21.83 14.74 19.97 17.68 18.02 20.0
Cash, $m
Cash, $m Operating cash flow 789 751 1,032 833 953 930 840 1,413 1,075 1,022 1,206 +2.9%
Capex (180) (149) (205) (128) (113) (128) (224) (240) (167) (142) (149) (2.6%)
Free cash flow 609 602 827 705 840 802 616 1,173 908 880 1,057 +4.2%
Balance, $m
Balance, $m Working capital 1,474 1,596 1,082 1,163 1,555 1,483 1,057 1,161 1,170 1,267 1,382 (1.7%)
Net debt 1,804 1,667 2,419 2,074 1,466 2,023 2,494 2,311 2,311 2,298 2,635 +2.7%
Shareholders’ equity (103) 183 69 (56) 421 56 (262) 98 (53) 76 (193) n/m
Returns, %
Returns, % ROA 9.02 9.90 13.31 17.83 22.49 7.15 15.68 17.21 15.84 15.86 17.35 +6.8 pt
ROIC 39.94 34.76 27.05 33.70 42.89 42.24 36.32 34.97 37.73 32.86 35.17 (7.1) pt
ROE (2,164.44) 1,320.00 576.98 14,292.31 665.75 170.23 (819.42) (1,107.32) 3,653.33 7,363.64 (8,034.78) +9,528.1 pt
People
People Employees 26,000 26,000 26,000 18,000 18,000 20,000 19,000 18,000 18,000 18,000 — (4.0%)
Revenue/emp, $m 0.28 0.23 0.26 0.37 0.40 0.42 0.46 0.44 0.43 0.42 — +4.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Masco designs, manufactures and distributes branded products used to improve and build homes. Its products are sold primarily for repairs and remodeling, and to a lesser extent for new home construction. Founded in 1929, the company is headquartered in Taylor. Jonathon J. Nudi is its president and chief executive officer.

The plumbing business makes or sources faucets, showerheads, bath fixtures, sinks and plumbing components. It also sells spas, exercise pools and saunas. Its brands include Delta, Hansgrohe, Brizo and Hot Spring. Some products include connected features, such as touchless activation and controls for water temperature and flow.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Plumbing Products 4,992 66.01%
Decorative Architectural Products 2,570 33.99%
Gross margin 35.43%
Operating margin 16.50%
Pre-tax margin 15.01%

Revenue by segment since 2010

Masco Corporation vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAS Masco Corporation $16.2B 18.1× 17.1× +2.56% (above 0%: growing) +30.00% (above 0%: growing) −20.00% (below 0%: shrinking) 36.62% 17.24%
CSL Carlisle Companies Incorporated $14.7B 21.4× 20.3× +8.65% (above 0%: growing) +5.21% (above 0%: growing) −29.51% (below 0%: shrinking) 33.82% 20.04% Compare
LII Lennox International, Inc. $11.9B 16.2× 16.3× +10.21% (above 0%: growing) −8.27% (below 0%: shrinking) +36.71% (above 0%: growing) 31.62% 19.85% Compare
MAIR Madison Air Solutions Corporation $10.8B 48.8× 34.9× — — +79.04% (above 0%: growing) 38.98% 19.70% Compare
OC Owens Corning Inc $9.8B — (loss-making) 15.2× −7.27% (below 0%: shrinking) n/m −16.47% (below 0%: shrinking) 24.71% (6.11%) Compare
WMS Advanced Drainage Systems, Inc. $9.3B 23.3× 21.8× +4.59% (above 0%: growing) −26.87% (below 0%: shrinking) −8.28% (below 0%: shrinking) 38.89% 21.91% Compare
AWI Armstrong World Industries, Inc. $7.1B 22.8× 21.0× +11.90% (above 0%: growing) +10.25% (above 0%: growing) −29.42% (below 0%: shrinking) 40.08% 27.57% Compare
BLDR Builders FirstSource, Inc. $7.1B 176× — (loss-making) −2.21% (below 0%: shrinking) −49.42% (below 0%: shrinking) −83.67% (below 0%: shrinking) 27.82% 2.57% Compare
SPXC SPX Technologies, Inc. $6.9B 23.3× 24.6× +20.53% (above 0%: growing) +26.15% (above 0%: growing) −79.92% (below 0%: shrinking) 39.12% 16.14% Compare
Median of peers $9.5B 23.3× 21.0× +8.65% −1.53% −22.95% 36.36% 19.78%

All 34 Building Products & Equipment stocks →

From the latest earnings call

Updated

  • CEO Jon Nudi said North American plumbing growth was led by Delta, while professional paint sales grew and do-it-yourself paint sales declined.
  • CFO Rick Westenberg said Masco plans to invest part of its tariff refunds in brands, digital marketing and customer partnerships over several quarters.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 101.15%
Held by the ten largest 45.77%
Holder Shares Stake Change
Vanguard 27.18m 13.78% −200.79k
BlackRock 15.72m 7.97% +99.06k
State Street 10.73m 5.44% +766.71k
HARRIS ASSOCIATES L P 8.19m 4.15% −251.29k
JPMorgan Chase 5.46m 2.77% −1.18m
Geode Capital Management 5.35m 2.71% −4.42k
VanEck 4.71m 2.39% −1.14m
Boston Partners 4.61m 2.34% +114.04k
MFS Investment Management 4.52m 2.29% +198.64k
Wellington Management 3.79m 1.92% −445.71k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 10 April 2026

Ownership

Directors and executive officers, together less than 1% of the votes
The Vanguard Group 12.80% of the votes
BlackRock, Inc. 7.40% of the votes
Harris Associates LP 5.50% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

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MAS metrics, ten years each

stockrow.com/MAS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com