NYSE : MBC
MasterBrand, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 7.26 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.48B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MasterBrand, Inc. (MBC) reported revenue of 2.78B 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 | 2.78B | 2.73B | 2.70B | 2.73B | 3.28B | 2.86B |
| Cost of Revenue | 2.03B | 1.91B | 1.82B | 1.82B | 2.33B | 2.07B |
| Gross Profit | 745.80M | 826.80M | 877.00M | 903.40M | 940.50M | 783.90M |
| Selling, General & Admin | 657.30M | 638.60M | 581.80M | 570.20M | 647.20M | 525.60M |
| Amortization of Goodwill & Intangibles | 26.60M | 25.60M | 20.20M | 15.30M | 17.20M | 17.80M |
| Operating Expenses | 683.90M | 664.20M | 602.00M | 585.50M | 664.40M | 543.40M |
| Operating Income | 61.90M | 162.60M | 275.00M | 317.90M | 276.10M | 240.50M |
| Interest Expense | -75.00M | -74.10M | -74.00M | -65.20M | -2.20M | |
| Interest & Investment Income | 12.90M | 4.60M | ||||
| Currency Exchange Gain (Loss) | -600.00K | -100.00K | 2.00M | -3.20M | -1.10M | -1.40M |
| Other Non Operating Income (Expenses) | 2.40M | 1.20M | 4.40M | 3.70M | -800.00K | -1.20M |
| EBT Excluding Unusual Items | -11.30M | 89.60M | 207.40M | 253.20M | 284.90M | 242.50M |
| Merger & Restructuring Charges | -95.30M | -44.10M | -43.40M | -12.50M | -25.10M | -4.20M |
| Gain (Loss) on Sale of Assets | 4.30M | |||||
| Asset Writedown | -46.40M | |||||
| Other Unusual Items | 1.20M | -9.40M | ||||
| Pretax Income | -104.60M | 46.30M | 168.30M | 238.70M | 213.40M | 238.30M |
| Income Tax Expense | -7.70M | 19.60M | 42.40M | 56.70M | 58.00M | 55.70M |
| Net Income | -96.90M | 26.70M | 125.90M | 182.00M | 155.40M | 182.60M |
| Net Income to Common | -96.90M | 26.70M | 125.90M | 182.00M | 155.40M | 182.60M |
| Shares Outstanding (Basic) | 133.90M | 127.00M | 127.10M | 127.80M | 128.00M | 128.00M |
| Shares Outstanding (Diluted) | 133.90M | 129.20M | 130.90M | 129.90M | 129.10M | 128.00M |
| EPS (Basic) | -0.72 | 0.21 | 0.99 | 1.42 | 1.21 | 1.43 |
| EPS (Diluted) | -0.72 | 0.21 | 0.96 | 1.40 | 1.20 | 1.43 |
| Free Cash Flow | 74.40M | 117.50M | 211.10M | 348.30M | 179.70M | 96.60M |
| Free Cash Flow Per Share | 0.56 | 0.91 | 1.61 | 2.68 | 1.39 | 0.76 |
| Gross Margin | 26.86% | 30.23% | 32.48% | 33.14% | 28.71% | 27.45% |
| Operating Margin | 2.23% | 5.95% | 10.18% | 11.66% | 8.43% | 8.42% |
| Profit Margin | -3.49% | 0.98% | 4.66% | 6.68% | 4.74% | 6.40% |
| Free Cash Flow Margin | 2.68% | 4.30% | 7.82% | 12.78% | 5.49% | 3.38% |
| EBITDA | 165.50M | 256.10M | 352.30M | 382.20M | 340.60M | 302.70M |
| EBITDA Margin | 5.96% | 9.37% | 13.05% | 14.02% | 10.40% | 10.60% |
| D&A For EBITDA | 103.60M | 93.50M | 77.30M | 64.30M | 64.50M | 62.20M |
| EBIT | 61.90M | 162.60M | 275.00M | 317.90M | 276.10M | 240.50M |
| EBIT Margin | 2.23% | 5.95% | 10.18% | 11.66% | 8.43% | 8.42% |
| Effective Tax Rate | 42.33% | 25.19% | 23.75% | 27.18% | 23.37% | |
| Advertising Expenses | 67.30M | 54.50M | 65.00M | 39.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 241.60M | 183.30M | 120.60M | 148.70M | 101.10M | 141.40M |
| Cash & Short-Term Investments | 241.60M | 183.30M | 120.60M | 148.70M | 101.10M | 141.40M |
| Receivables | 247.20M | 150.40M | 191.00M | 203.00M | 289.60M | 305.30M |
| Inventory | 435.60M | 269.10M | 276.40M | 249.80M | 373.10M | 304.30M |
| Other Current Assets | 137.30M | 93.10M | 62.70M | 75.70M | 66.20M | 59.00M |
| Total Current Assets | 1.06B | 695.90M | 650.70M | 677.20M | 830.00M | 810.00M |
| Property, Plant & Equipment | 1.12B | 692.20M | 547.90M | 416.70M | 404.90M | 399.90M |
| Goodwill | 1.32B | 1.13B | 1.13B | 925.10M | 924.20M | 926.20M |
| Other Intangible Assets | 888.60M | 547.70M | 571.30M | 335.50M | 349.80M | 415.70M |
| Long-Term Deferred Tax Assets | 3.00M | 2.90M | 3.70M | 1.60M | 1.10M | |
| Long-Term Deferred Charges | 5.50M | 1.30M | 3.20M | |||
| Other Long-Term Assets | 90.10M | 32.80M | 31.20M | 23.50M | 15.70M | 32.30M |
| Total Assets | 4.48B | 3.10B | 2.93B | 2.38B | 2.53B | 3.00B |
| Accounts Payable | 249.50M | 203.70M | 180.70M | 151.40M | 219.20M | 203.90M |
| Accrued Expenses | 236.20M | 162.70M | 161.10M | 131.40M | 119.60M | 112.70M |
| Current Portion of Long-Term Debt | 18.80M | 17.60M | 17.50M | |||
| Current Portion of Leases | 56.30M | 24.30M | 19.50M | 16.10M | 13.90M | 13.20M |
| Current Income Taxes Payable | 23.20M | 15.30M | 14.20M | 18.50M | 14.30M | 24.90M |
| Other Current Liabilities | 19.70M | 9.70M | 19.90M | 14.40M | 26.60M | 9.40M |
| Total Current Liabilities | 603.70M | 415.70M | 395.40M | 349.40M | 411.10M | 364.10M |
| Long-Term Debt | 1.37B | 974.50M | 1.01B | 690.20M | 961.50M | 9.10M |
| Long-Term Leases | 243.20M | 175.20M | 55.00M | 46.30M | 40.70M | 50.00M |
| Pension & Post-Retirement Benefits | 3.90M | 3.20M | 7.90M | 12.20M | 9.80M | |
| Long-Term Deferred Tax Liabilities | 270.90M | 171.60M | 158.70M | 83.60M | 87.30M | 88.90M |
| Other Long-Term Liabilities | 21.60M | 14.90M | 15.00M | 10.50M | 7.40M | 29.20M |
| Total Liabilities | 2.51B | 1.76B | 1.64B | 1.19B | 1.52B | 551.10M |
| Common Stock | 2.00M | 1.30M | 1.30M | 1.30M | 1.30M | |
| Additional Paid-In Capital | 764.30M | 55.80M | 39.70M | 17.80M | 272.20M | |
| Retained Earnings | 1.28B | 1.36B | 1.33B | 1.20B | 1.02B | 2.19B |
| Treasury Stock | -78.20M | -70.40M | -44.00M | -26.10M | -100.00K | |
| Comprehensive Income & Other | -3.50M | 800.00K | -32.70M | -3.70M | -14.50M | -3.90M |
| Shareholders' Equity | 1.97B | 1.34B | 1.29B | 1.19B | 1.01B | 2.45B |
| Total Liabilities & Equity | 4.48B | 3.10B | 2.93B | 2.38B | 2.53B | 3.00B |
| Total Debt | 1.69B | 1.17B | 1.08B | 770.20M | 1.03B | 72.30M |
| Net Cash (Debt) | -1.45B | -990.70M | -961.70M | -621.50M | -932.50M | 69.10M |
| Net Cash Per Share | -10.82 | -7.67 | -7.35 | -4.78 | -7.22 | 0.54 |
| Filing Date Shares Outstanding | 203.49M | 127.54M | 127.65M | 127.00M | 128.49M | |
| Total Common Shares Outstanding | 203.40M | 127.20M | 127.60M | 126.80M | 128.04M | |
| Working Capital | 458.00M | 280.20M | 255.30M | 327.80M | 418.90M | 445.90M |
| Book Value Per Share | 9.68 | 10.57 | 10.15 | 9.41 | 7.88 | |
| Tangible Book Value | -238.40M | -330.60M | -402.40M | -66.80M | -264.80M | 1.11B |
| Tangible Book Value Per Share | -1.17 | -2.60 | -3.15 | -0.53 | -2.07 | |
| Land | 53.70M | 41.80M | 37.40M | 31.80M | 32.90M | 31.80M |
| Buildings | 505.30M | 388.80M | 360.10M | 304.00M | 304.00M | 280.60M |
| Machinery | 909.50M | 684.70M | 648.80M | 551.90M | 518.80M | 487.30M |
| Construction In Progress | 42.30M | 44.00M | 41.40M | 36.60M | 37.70M | 46.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -96.90M | 26.70M | 125.90M | 182.00M | 155.40M | 182.60M |
| Depreciation & Amortization | 103.60M | 93.50M | 77.30M | 64.30M | 64.50M | 62.20M |
| Other Amortization | 2.80M | 2.70M | 8.90M | 2.20M | ||
| Asset Writedown & Restructuring Costs | 1.40M | -1.70M | 10.50M | -9.40M | 59.40M | -400.00K |
| Stock-Based Compensation | 22.30M | 16.10M | 21.90M | 17.80M | 10.90M | 9.30M |
| Provision & Write-off of Bad Debts | 17.80M | 17.80M | 400.00K | 1.90M | ||
| Other Operating Activities | 12.20M | 12.40M | 7.30M | -2.80M | 3.20M | -7.50M |
| Change in Accounts Receivable | 44.60M | 24.00M | 21.30M | 86.20M | 13.50M | -72.20M |
| Change in Inventory | 15.30M | 8.00M | -10.70M | 123.60M | -70.10M | -58.50M |
| Change in Accounts Payable | 24.60M | 15.70M | 23.80M | -69.40M | 18.30M | 44.70M |
| Change in Other Net Operating Assets | 400.00K | -19.50M | 5.40M | 9.20M | -19.50M | -12.00M |
| Operating Cash Flow | 148.10M | 195.70M | 292.00M | 405.60M | 235.60M | 148.20M |
| Capital Expenditures | -73.70M | -78.20M | -80.90M | -57.30M | -55.90M | -51.60M |
| Sale of Property, Plant & Equipment | 500.00K | 3.80M | 14.60M | 400.00K | 100.00K | |
| Cash Acquisitions | -330.30M | -514.50M | ||||
| Investing Cash Flow | -403.50M | -74.40M | -580.80M | -56.90M | -55.90M | -51.50M |
| Long-Term Debt Issued | 240.00M | 1.17B | 255.00M | 3.74B | 2.61B | |
| Long-Term Debt Repaid | -275.00M | -862.50M | -527.50M | -3.01B | -2.77B | |
| Net Debt Issued (Repaid) | 390.00M | -35.00M | 307.50M | -272.50M | 730.10M | -152.90M |
| Issuance of Common Stock | 5.30M | 43.70M | ||||
| Repurchase of Common Stock | -11.50M | -26.40M | -17.90M | -26.00M | -100.00K | |
| Common Dividends Paid | -940.00M | |||||
| Other Financing Activities | -5.60M | -4.30M | -20.00M | -1.40M | -10.60M | -500.00K |
| Financing Cash Flow | 372.90M | -65.70M | 269.60M | -299.90M | -215.30M | -109.70M |
| Foreign Exchange Rate Adjustments | 3.40M | 6.70M | -7.90M | -1.20M | -4.70M | 100.00K |
| Net Cash Flow | 120.90M | 62.30M | -27.10M | 47.60M | -40.30M | -12.90M |
| Free Cash Flow | 74.40M | 117.50M | 211.10M | 348.30M | 179.70M | 96.60M |
| Free Cash Flow Margin | 2.68% | 4.30% | 7.82% | 12.78% | 5.49% | 3.38% |
| Free Cash Flow Per Share | 0.56 | 0.91 | 1.61 | 2.68 | 1.39 | 0.76 |
| Levered Free Cash Flow | -24.39M | 122.41M | 211.43M | 321.34M | 159.19M | 89.01M |
| Unlevered Free Cash Flow | 19.69M | 166.03M | 248.78M | 359.89M | 160.56M | 89.01M |
| Cash Interest Paid | 74.40M | 74.40M | 41.70M | 64.00M | 300.00K | |
| Cash Income Tax Paid | 28.80M | 28.80M | 40.70M | 68.50M | 10.30M | 15.30M |
| Change in Working Capital | 84.90M | 28.20M | 39.80M | 149.60M | -57.80M | -98.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.53B | 1.43B | 1.84B | 1.88B | 970.39M | |
| Enterprise Value | 2.98B | 2.39B | 2.86B | 2.53B | 913.29M | |
| Last Close Price | 7.26 | 11.27 | 14.44 | 14.85 | 7.58 | |
| PE Ratio | 53.51 | 14.58 | 10.34 | 6.24 | ||
| Forward PE | 83.39 | 11.50 | 9.23 | 10.88 | 3.41 | |
| PS Ratio | 0.56 | 0.52 | 0.68 | 0.69 | 0.30 | |
| PB Ratio | 0.75 | 1.06 | 1.42 | 1.58 | 0.96 | |
| P/FCF Ratio | 20.73 | 12.16 | 8.69 | 5.41 | 5.40 | |
| P/OCF Ratio | 10.41 | 7.30 | 6.29 | 4.64 | 4.12 | |
| EV/Sales Ratio | 1.08 | 0.87 | 1.06 | 0.93 | 0.28 | |
| EV/EBITDA Ratio | 18.07 | 9.33 | 8.13 | 6.62 | 2.68 | |
| EV/EBIT Ratio | 48.31 | 14.70 | 10.41 | 7.96 | 3.31 | |
| EV/FCF Ratio | 40.20 | 20.34 | 13.56 | 7.27 | 5.08 | |
| Debt / Equity Ratio | 0.86 | 0.87 | 0.84 | 0.65 | 1.02 | 0.03 |
| Debt / EBITDA Ratio | 8.51 | 4.08 | 2.84 | 1.88 | 2.81 | 0.22 |
| Debt / FCF Ratio | 22.71 | 9.99 | 5.13 | 2.21 | 5.75 | 0.75 |
| Net Debt / Equity Ratio | 0.74 | 0.74 | 0.74 | 0.52 | 0.92 | -0.03 |
| Net Debt / EBITDA Ratio | 8.75 | 3.87 | 2.73 | 1.63 | 2.74 | -0.23 |
| Net Debt / FCF Ratio | 19.46 | 8.43 | 4.56 | 1.78 | 5.19 | -0.71 |
| Asset Turnover | 0.75 | 0.91 | 1.02 | 1.11 | 1.18 | 1.00 |
| Inventory Turnover | 5.70 | 7.00 | 6.93 | 5.85 | 6.89 | 7.53 |
| Quick Ratio | 0.81 | 0.80 | 0.79 | 1.01 | 0.95 | 1.23 |
| Current Ratio | 1.76 | 1.67 | 1.65 | 1.94 | 2.02 | 2.23 |
| Return on Equity (ROE) | -5.82% | 2.02% | 10.12% | 16.52% | 8.97% | 7.82% |
| Return on Assets (ROA) | 1.04% | 3.37% | 6.47% | 8.09% | 6.24% | 5.26% |
| Return on Invested Capital (ROIC) | 2.11% | 4.08% | 10.11% | 12.90% | 9.29% | 8.22% |
| Return on Capital Employed (ROCE) | 1.60% | 6.10% | 10.90% | 15.60% | 13.00% | 9.10% |
| Earnings Yield | -9.61% | 1.87% | 6.86% | 9.67% | 16.01% | |
| FCF Yield | 4.82% | 8.22% | 11.50% | 18.50% | 18.52% | |
| Payout Ratio | 604.89% | |||||
| Buyback Yield / Dilution | -2.65% | 1.30% | -0.77% | -0.62% | -0.86% |