NYSE : MAS
Masco Corporation — Financial statements
Industrials · Building Products & Equipment · United States
Last price 80.18 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 15.46B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Masco Corporation (MAS) reported revenue of 7.67B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.67B | 7.56B | 7.83B | 7.97B | 8.68B | 8.38B |
| Cost of Revenue | 4.86B | 4.86B | 4.99B | 5.13B | 5.97B | 5.51B |
| Gross Profit | 2.81B | 2.70B | 2.84B | 2.84B | 2.71B | 2.88B |
| Selling, General & Admin | 1.51B | 1.43B | 1.47B | 1.48B | 1.40B | 1.84B |
| Operating Expenses | 1.51B | 1.43B | 1.47B | 1.48B | 1.40B | 1.84B |
| Operating Income | 1.30B | 1.27B | 1.37B | 1.36B | 1.31B | 1.03B |
| Interest Expense | -106.00M | -101.00M | -99.00M | -106.00M | -108.00M | -278.00M |
| Interest & Investment Income | 7.00M | |||||
| Earnings From Equity Investments | 11.00M | |||||
| Currency Exchange Gain (Loss) | -4.00M | |||||
| Other Non Operating Income (Expenses) | 9.00M | -6.00M | -9.00M | 3.00M | 13.00M | -3.00M |
| EBT Excluding Unusual Items | 1.20B | 1.16B | 1.26B | 1.25B | 1.22B | 767.00M |
| Merger & Restructuring Charges | -19.00M | -19.00M | -9.00M | |||
| Impairment of Goodwill | -19.00M | -45.00M | ||||
| Gain (Loss) on Sale of Assets | 13.00M | -88.00M | -18.00M | |||
| Asset Writedown | -5.00M | -5.00M | -15.00M | -7.00M | ||
| Other Unusual Items | 90.00M | -16.00M | ||||
| Pretax Income | 1.28B | 1.14B | 1.16B | 1.24B | 1.19B | 688.00M |
| Income Tax Expense | 303.00M | 277.00M | 287.00M | 278.00M | 288.00M | 210.00M |
| Earnings From Continuing Operations | 978.00M | 858.00M | 874.00M | 960.00M | 905.00M | 478.00M |
| Net Income to Company | 978.00M | 858.00M | 874.00M | 960.00M | 905.00M | 478.00M |
| Minority Interest in Earnings | -52.00M | -48.00M | -52.00M | -52.00M | -61.00M | -68.00M |
| Net Income | 926.00M | 810.00M | 822.00M | 908.00M | 844.00M | 410.00M |
| Preferred Dividends & Other Adjustments | 1.00M | 2.00M | 4.00M | |||
| Net Income to Common | 925.00M | 810.00M | 822.00M | 908.00M | 842.00M | 406.00M |
| Shares Outstanding (Basic) | 200.00M | 209.00M | 218.00M | 225.00M | 231.00M | 249.00M |
| Shares Outstanding (Diluted) | 201.75M | 210.00M | 219.00M | 226.00M | 232.00M | 251.00M |
| EPS (Basic) | 4.62 | 3.88 | 3.77 | 4.04 | 3.65 | 1.63 |
| EPS (Diluted) | 4.59 | 3.86 | 3.76 | 4.02 | 3.63 | 1.62 |
| Free Cash Flow | 1.04B | 866.00M | 907.00M | 1.17B | 616.00M | 802.00M |
| Free Cash Flow Per Share | 5.17 | 4.12 | 4.14 | 5.18 | 2.65 | 3.19 |
| Dividend Per Share | 1.27 | 1.24 | 1.16 | 1.14 | 1.12 | 0.84 |
| Gross Margin | 36.61% | 35.68% | 36.28% | 35.60% | 31.26% | 34.35% |
| Operating Margin | 16.94% | 16.74% | 17.45% | 17.02% | 15.14% | 12.35% |
| Profit Margin | 12.06% | 10.71% | 10.50% | 11.40% | 9.70% | 4.85% |
| Free Cash Flow Margin | 13.60% | 11.45% | 11.59% | 14.69% | 7.10% | 9.58% |
| EBITDA | 1.45B | 1.41B | 1.52B | 1.50B | 1.46B | 1.19B |
| EBITDA Margin | 18.91% | 18.70% | 19.37% | 18.89% | 16.81% | 14.15% |
| D&A For EBITDA | 151.00M | 148.00M | 150.00M | 149.00M | 145.00M | 151.00M |
| EBIT | 1.30B | 1.27B | 1.37B | 1.36B | 1.31B | 1.03B |
| EBIT Margin | 16.94% | 16.74% | 17.45% | 17.02% | 15.14% | 12.35% |
| Effective Tax Rate | 23.65% | 24.40% | 24.72% | 22.46% | 24.14% | 30.52% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 610.00M | 647.00M | 634.00M | 634.00M | 452.00M | 926.00M |
| Cash & Short-Term Investments | 610.00M | 647.00M | 634.00M | 634.00M | 452.00M | 926.00M |
| Receivables | 1.25B | 1.03B | 1.04B | 1.09B | 1.15B | 1.17B |
| Inventory | 1.05B | 1.05B | 938.00M | 1.02B | 1.24B | 1.22B |
| Prepaid Expenses | 125.00M | 117.00M | 121.00M | 107.00M | 108.00M | 108.00M |
| Total Current Assets | 3.04B | 2.84B | 2.73B | 2.86B | 2.95B | 3.42B |
| Property, Plant & Equipment | 1.43B | 1.43B | 1.35B | 1.39B | 1.24B | 1.08B |
| Long-Term Investments | 25.00M | |||||
| Goodwill | 612.00M | 623.00M | 597.00M | 604.00M | 537.00M | 568.00M |
| Other Intangible Assets | 185.00M | 205.00M | 220.00M | 377.00M | 350.00M | 388.00M |
| Long-Term Deferred Tax Assets | 50.00M | 62.00M | 88.00M | 60.00M | 57.00M | |
| Other Long-Term Assets | 75.00M | 55.00M | 60.00M | 49.00M | 53.00M | 32.00M |
| Total Assets | 5.34B | 5.20B | 5.02B | 5.36B | 5.19B | 5.58B |
| Accounts Payable | 860.00M | 810.00M | 789.00M | 840.00M | 877.00M | 1.04B |
| Accrued Expenses | 795.00M | 575.00M | 587.00M | 659.00M | 600.00M | 659.00M |
| Current Portion of Long-Term Debt | 202.00M | 7.00M | ||||
| Current Portion of Leases | 2.00M | 49.00M | 46.00M | 47.00M | 42.00M | 41.00M |
| Current Income Taxes Payable | 17.00M | 28.00M | 32.00M | 48.00M | 34.00M | |
| Current Unearned Revenue | 57.00M | 45.00M | 45.00M | 61.00M | 67.00M | |
| Other Current Liabilities | 65.00M | 65.00M | 72.00M | 59.00M | 86.00M | |
| Total Current Liabilities | 1.66B | 1.57B | 1.56B | 1.70B | 1.89B | 1.94B |
| Long-Term Debt | 3.25B | 2.93B | 2.93B | 2.93B | 2.93B | 2.93B |
| Long-Term Leases | 238.00M | 233.00M | 237.00M | 275.00M | 275.00M | 195.00M |
| Pension & Post-Retirement Benefits | 115.00M | 124.00M | 145.00M | 139.00M | 216.00M | |
| Long-Term Deferred Tax Liabilities | 95.00M | 38.00M | 32.00M | 27.00M | 20.00M | |
| Other Long-Term Liabilities | 390.00M | 176.00M | 178.00M | 172.00M | 173.00M | 201.00M |
| Total Liabilities | 5.53B | 5.12B | 5.07B | 5.25B | 5.43B | 5.50B |
| Common Stock | 193.00M | 204.00M | 212.00M | 221.00M | 225.00M | 241.00M |
| Additional Paid-In Capital | 16.00M | |||||
| Retained Earnings | -929.00M | -688.00M | -693.00M | -596.00M | -947.00M | -652.00M |
| Comprehensive Income & Other | 288.00M | 299.00M | 202.00M | 249.00M | 226.00M | 232.00M |
| Total Common Equity | -448.00M | -185.00M | -279.00M | -126.00M | -480.00M | -179.00M |
| Minority Interest | 256.00M | 261.00M | 227.00M | 242.00M | 238.00M | 257.00M |
| Shareholders' Equity | -192.00M | 76.00M | -52.00M | 116.00M | -242.00M | 78.00M |
| Total Liabilities & Equity | 5.34B | 5.20B | 5.02B | 5.36B | 5.19B | 5.58B |
| Total Debt | 3.48B | 3.21B | 3.21B | 3.25B | 3.44B | 3.17B |
| Net Cash (Debt) | -2.88B | -2.57B | -2.58B | -2.62B | -2.99B | -2.24B |
| Net Cash Per Share | -14.25 | -12.23 | -11.78 | -11.58 | -12.90 | -8.94 |
| Filing Date Shares Outstanding | 192.77M | 203.61M | 211.98M | 219.76M | 225.20M | 239.93M |
| Total Common Shares Outstanding | 192.77M | 204.30M | 212.50M | 220.60M | 225.30M | 241.20M |
| Working Capital | 1.38B | 1.27B | 1.17B | 1.16B | 1.06B | 1.48B |
| Book Value Per Share | -2.32 | -0.91 | -1.31 | -0.57 | -2.13 | -0.74 |
| Tangible Book Value | -1.25B | -1.01B | -1.10B | -1.11B | -1.37B | -1.14B |
| Tangible Book Value Per Share | -6.46 | -4.96 | -5.16 | -5.02 | -6.07 | -4.71 |
| Land | 99.00M | 94.00M | 96.00M | 67.00M | 67.00M | |
| Buildings | 667.00M | 626.00M | 632.00M | 579.00M | 514.00M | |
| Machinery | 1.86B | 1.71B | 1.67B | 1.52B | 1.46B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 926.00M | 810.00M | 822.00M | 908.00M | 844.00M | 410.00M |
| Depreciation & Amortization | 151.00M | 148.00M | 150.00M | 149.00M | 145.00M | 151.00M |
| Loss (Gain) From Sale of Assets | -5.00M | -5.00M | 83.00M | 6.00M | 1.00M | 18.00M |
| Asset Writedown & Restructuring Costs | 5.00M | 5.00M | 15.00M | 26.00M | 45.00M | |
| Loss (Gain) From Sale of Investments | -25.00M | |||||
| Stock-Based Compensation | 30.00M | 30.00M | 39.00M | 31.00M | 49.00M | 61.00M |
| Other Operating Activities | 77.00M | 110.00M | 111.00M | 63.00M | 58.00M | 494.00M |
| Change in Accounts Receivable | -106.00M | 19.00M | -39.00M | 42.00M | -15.00M | -64.00M |
| Change in Inventory | -14.00M | -81.00M | 4.00M | 233.00M | -43.00M | -350.00M |
| Change in Accounts Payable | 142.00M | -14.00M | -95.00M | -34.00M | -225.00M | 190.00M |
| Operating Cash Flow | 1.21B | 1.02B | 1.07B | 1.41B | 840.00M | 930.00M |
| Capital Expenditures | -163.00M | -156.00M | -168.00M | -243.00M | -224.00M | -128.00M |
| Sale of Property, Plant & Equipment | 14.00M | 14.00M | 1.00M | 3.00M | ||
| Cash Acquisitions | -4.00M | -136.00M | -57.00M | |||
| Divestitures | 60.00M | 126.00M | 5.00M | |||
| Investment in Securities | 171.00M | |||||
| Other Investing Activities | 1.00M | -2.00M | -5.00M | -7.00M | -6.00M | -3.00M |
| Investing Cash Flow | -88.00M | -144.00M | -50.00M | -383.00M | -230.00M | -12.00M |
| Short-Term Debt Issued | 77.00M | |||||
| Long-Term Debt Issued | 500.00M | 1.48B | ||||
| Total Debt Issued | 300.00M | 77.00M | 500.00M | 1.48B | ||
| Short-Term Debt Repaid | -77.00M | |||||
| Long-Term Debt Repaid | -2.00M | -3.00M | -205.00M | -310.00M | -1.33B | |
| Total Debt Repaid | -2.00M | -2.00M | -3.00M | -282.00M | -310.00M | -1.33B |
| Net Debt Issued (Repaid) | 298.00M | -2.00M | -3.00M | -205.00M | 190.00M | 152.00M |
| Issuance of Common Stock | 28.00M | 6.00M | 79.00M | 38.00M | 1.00M | 5.00M |
| Repurchase of Common Stock | -1.09B | -587.00M | -789.00M | -382.00M | -931.00M | -1.04B |
| Common Dividends Paid | -255.00M | -261.00M | -254.00M | -257.00M | -258.00M | -211.00M |
| Other Financing Activities | -44.00M | -44.00M | -50.00M | -48.00M | -68.00M | -203.00M |
| Financing Cash Flow | -1.06B | -888.00M | -1.02B | -854.00M | -1.07B | -1.30B |
| Foreign Exchange Rate Adjustments | -2.00M | 25.00M | -9.00M | 6.00M | -18.00M | -20.00M |
| Miscellaneous Cash Flow Adjustments | -3.00M | -1.00M | ||||
| Net Cash Flow | 52.00M | 14.00M | -1.00M | 182.00M | -474.00M | -400.00M |
| Free Cash Flow | 1.04B | 866.00M | 907.00M | 1.17B | 616.00M | 802.00M |
| Free Cash Flow Margin | 13.60% | 11.45% | 11.59% | 14.69% | 7.10% | 9.58% |
| Free Cash Flow Per Share | 5.17 | 4.12 | 4.14 | 5.18 | 2.65 | 3.19 |
| Levered Free Cash Flow | 815.62M | 663.12M | 804.88M | 993.25M | 479.75M | 222.50M |
| Unlevered Free Cash Flow | 881.88M | 726.25M | 866.75M | 1.06B | 547.25M | 396.25M |
| Cash Interest Paid | 100.00M | 100.00M | 99.00M | 107.00M | 107.00M | 114.00M |
| Cash Income Tax Paid | 236.00M | 236.00M | 260.00M | 328.00M | 281.00M | 246.00M |
| Change in Working Capital | 22.00M | -76.00M | -130.00M | 241.00M | -283.00M | -224.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.54B | 13.18B | 15.66B | 15.03B | 10.53B | 17.14B |
| Enterprise Value | 18.42B | 16.04B | 18.42B | 17.97B | 13.87B | 19.65B |
| Last Close Price | 80.64 | 62.61 | 70.29 | 63.87 | 43.58 | 64.18 |
| PE Ratio | 17.55 | 16.27 | 19.05 | 16.55 | 12.50 | 42.22 |
| Forward PE | 17.63 | 15.46 | 16.81 | 17.33 | 13.11 | 17.62 |
| PS Ratio | 2.03 | 1.74 | 2.00 | 1.89 | 1.21 | 2.05 |
| PB Ratio | 173.43 | -301.09 | 129.57 | -43.49 | 219.74 | |
| P/FCF Ratio | 14.90 | 15.22 | 17.26 | 12.85 | 17.09 | 21.37 |
| P/OCF Ratio | 12.89 | 12.90 | 14.56 | 10.64 | 12.53 | 18.43 |
| PEG Ratio | 1.87 | 3.56 | 2.23 | 3.28 | 2.01 | 0.94 |
| EV/Sales Ratio | 2.40 | 2.12 | 2.35 | 2.25 | 1.60 | 2.35 |
| EV/EBITDA Ratio | 12.70 | 11.34 | 12.15 | 11.94 | 9.50 | 16.59 |
| EV/EBIT Ratio | 14.18 | 12.67 | 13.48 | 13.25 | 10.55 | 19.01 |
| EV/FCF Ratio | 17.66 | 18.52 | 20.31 | 15.36 | 22.51 | 24.50 |
| Debt / Equity Ratio | -18.15 | 42.30 | -61.81 | 28.02 | -14.24 | 40.63 |
| Debt / EBITDA Ratio | 2.28 | 2.16 | 2.02 | 2.05 | 2.25 | 2.55 |
| Debt / FCF Ratio | 3.34 | 3.71 | 3.54 | 2.78 | 5.59 | 3.95 |
| Net Debt / Equity Ratio | -14.97 | 33.79 | -49.62 | 22.55 | -12.37 | 28.76 |
| Net Debt / EBITDA Ratio | 1.98 | 1.82 | 1.70 | 1.74 | 2.05 | 1.89 |
| Net Debt / FCF Ratio | 2.76 | 2.96 | 2.85 | 2.24 | 4.86 | 2.80 |
| Asset Turnover | 1.44 | 1.48 | 1.51 | 1.51 | 1.61 | 1.48 |
| Inventory Turnover | 4.59 | 4.90 | 5.09 | 4.54 | 4.87 | 5.27 |
| Quick Ratio | 1.12 | 1.07 | 1.07 | 1.02 | 0.85 | 1.08 |
| Current Ratio | 1.83 | 1.80 | 1.75 | 1.69 | 1.56 | 1.76 |
| Return on Equity (ROE) | 7,150.00% | 2,731.25% | 191.58% | |||
| Return on Assets (ROA) | 15.25% | 15.49% | 16.45% | 16.07% | 15.26% | 11.39% |
| Return on Invested Capital (ROIC) | 26.67% | 31.38% | 33.24% | 34.88% | 35.48% | 32.66% |
| Return on Capital Employed (ROCE) | 35.30% | 34.90% | 39.50% | 37.00% | 39.80% | 28.40% |
| Earnings Yield | 5.70% | 6.15% | 5.25% | 6.04% | 8.02% | 2.39% |
| FCF Yield | 6.71% | 6.57% | 5.79% | 7.78% | 5.85% | 4.68% |
| Dividend Yield | 1.59% | 1.92% | 1.57% | 1.67% | 2.40% | 1.19% |
| Payout Ratio | 27.86% | 32.22% | 30.90% | 28.30% | 30.57% | 51.46% |
| Buyback Yield / Dilution | 4.95% | 4.11% | 3.10% | 2.59% | 7.57% | 4.92% |
| Total Shareholder Return | 6.53% | 6.03% | 4.67% | 4.26% | 9.97% | 6.11% |