MasterBrand, Inc. (MBC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.07	$0.05	-28.6%	—	$815.2M	—
Q1 26	-$0.04	$0.06	+250.0%	—	$618M	—
Q4 25	$0.14	-$0.02	-114.3%	—	$644.6M	—
Q3 25	$0.36	$0.33	-8.3%	—	$698.9M	—
Q2 25	$0.34	$0.4	+17.6%	—	$730.9M	—
Q1 25	$0.23	$0.18	-21.7%	—	$660.3M	—
Q4 24	$0.39	$0.21	-46.2%	—	$667.7M	—
Q3 24	$0.36	$0.4	+11.1%	—	$718.1M	—
Q2 24	$0.43	$0.45	+4.7%	—	$676.5M	—
Q1 24	$0.25	$0.29	+16.0%	—	$638.1M	—
Q4 23	$0.28	$0.34	+21.4%	—	$677.1M	—
Q3 23	$0.32	$0.46	+43.8%	—	$677.3M	—
Q2 23	$0.31	$0.42	+35.5%	—	$695.1M	—
Q1 23	$0.12	$0.28	+133.3%	—	$676.7M	—
Q4 22	$0.51	$0.52	+2.0%	—	$784.4M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.21	—	—	$2.7B	—
FY24	—	$0.99	—	—	$2.7B	—
FY23	—	$1.42	—	—	$2.7B	—
FY22	—	$1.21	—	—	$3.3B	—
FY21	—	$1.43

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$2.5B	$2.9B	$3.3B	$2.7B	$2.7B	$2.7B
YoY change	—	+3.37%	+15.6%	+14.7%	-16.8%	-0.95%	+1.27%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	2.5B	2.9B	3.3B	2.7B	2.7B	2.7B
Cost of revenue	1.7B	1.8B	2.1B	2.3B	1.8B	1.8B	1.9B
Gross profit	691.8M	703M	783.9M	940.5M	901.4M	877M	827.6M
Gross margin	29%	28.5%	27.5%	28.7%	33.1%	32.5%	30.3%
Research & development	—	—	—	—	—	—	—
Selling, general & administrative	477.8M	474.2M	525.6M	647.2M	572.6M	607.2M	667.8M
Operating expenses	477.8M	474.2M	525.6M	647.2M	572.6M	607.2M	667.8M
Operating income	196.2M	211M	240.5M	276.1M	313.5M	249.6M	134.2M
Operating margin	8.21%	8.54%	8.42%	8.43%	11.5%	9.24%	4.91%
Non-operating income, net	-61.1M	-17.2M	-6.8M	-73.4M	-9.6M	-7.3M	-13.8M
Pretax income	135.2M	196.2M	238.3M	213.4M	238.7M	168.3M	46.3M
Income tax	34.5M	50.5M	55.7M	58M	56.7M	42.4M	19.6M
Net income	100.7M	145.7M	182.6M	155.4M	182M	125.9M	26.7M
Net margin	4.22%	5.9%	6.4%	4.74%	6.68%	4.66%	0.98%
EBITDA	310.2M	278.9M	306.1M	352.7M	381.5M	331.3M	229.2M
EPS	0.79	1.14	1.43	1.21	1.42	0.99	0.21
Diluted EPS	0.79	1.14	1.43	1.2	1.4	0.96	0.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	677.3M	677.1M	638.1M	676.5M	718.1M	667.7M	660.3M	730.9M	698.9M	644.6M	618M	815.2M
Cost of revenue	439.8M	454M	433.4M	445.5M	480.1M	464.4M	458.1M	491.2M	480.7M	477.1M	461.4M	609.7M
Gross profit	237.5M	223.1M	204.7M	231M	238M	203.3M	202.2M	239.7M	218.2M	167.5M	156.6M	205.5M
Gross margin	35.1%	32.9%	32.1%	34.1%	33.1%	30.4%	30.6%	32.8%	31.2%	26%	25.3%	25.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	140.3M	155.3M	137.8M	146.7M	166.3M	156.4M	154M	159.4M	167.5M	186.9M	155.9M	216.7M
Operating expenses	140.3M	155.3M	137.8M	146.7M	166.3M	156.4M	154M	159.4M	167.5M	186.9M	155.9M	216.7M
Operating income	93.6M	64.1M	63.2M	80.6M	65.4M	40.4M	41.8M	73.9M	44.3M	-25.8M	-5.7M	-18.6M
Operating margin	13.8%	9.47%	9.9%	11.9%	9.11%	6.05%	6.33%	10.1%	6.34%	-4%	-0.92%	-2.28%
Non-operating income, net	-400K	-5.6M	-100K	100K	-6M	-1.3M	-5.1M	-6M	-2.7M	0	-12M	-9.1M
Pretax income	77.9M	43.2M	49M	60.1M	39.4M	19.8M	17.3M	49M	23.4M	-43.4M	-36.1M	-48.5M
Income tax	18.2M	7.1M	11.5M	14.8M	10.3M	5.8M	4M	11.7M	5.3M	-1.4M	-20.7M	9.1M
Net income	59.7M	36.1M	37.5M	45.3M	29.1M	14M	13.3M	37.3M	18.1M	-42M	-15.4M	-57.6M
Net margin	8.81%	5.33%	5.88%	6.7%	4.05%	2.1%	2.01%	5.1%	2.59%	-6.52%	-2.49%	-7.07%
EBITDA	110.1M	85.5M	79.4M	100.7M	87.3M	63.9M	64.2M	98.7M	67.6M	-1.3M	17.8M	15.9M
EPS	0.47	0.28	0.3	0.36	0.23	0.11	0.1	0.29	0.14	-0.33	-0.12	-0.38
Diluted EPS	0.46	0.28	0.29	0.35	0.22	0.11	0.1	0.29	0.14	-0.33	-0.12	-0.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	966.4M	1.9B	1.9B	1.4B	1.4B
Enterprise value	—	—	—	—	1.9B	2.5B	2.8B	2.4B	2.9B
Shares outstanding	—	128M	128M	128M	128M	127.8M	127.1M	127M	127M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	6.22	10.4	14.7	52.5	43
P/S	—	—	—	—	0.3	0.7	0.69	0.51	0.51
P/B	—	—	—	—	0.96	1.59	1.43	1.04	0.72
EV/EBITDA	—	—	—	—	5.38	6.6	8.51	10.4	17.3
EV/Sales	—	—	—	—	0.58	0.92	1.04	0.87	1.03
Earnings yield	—	—	—	—	16.1%	9.59%	6.78%	1.9%	2.33%
FCF yield	—	—	—	—	18.6%	18.4%	11.4%	8.38%	-1.72%
PEG	—	—	—	—	—	—	—	—	-0.19

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	29%	28.5%	27.5%	28.7%	33.1%	32.5%	30.3%	25.2%
Operating margin	—	8.21%	8.54%	8.42%	8.43%	11.5%	9.24%	4.91%	2.28%
Net margin	—	4.22%	5.9%	6.4%	4.74%	6.68%	4.66%	0.98%	-3.49%
ROE	—	13.7%	6.58%	7.44%	15.4%	15.2%	9.72%	1.99%	-5.82%
ROA	—	1.23%	5.37%	6.08%	6.14%	7.64%	4.3%	0.86%	1.04%
ROIC	—	7.47%	7.46%	7.76%	10.4%	13.2%	8.28%	3.31%	-0.17%
Return on tangible assets	—	1.31%	-2.4K%	56.9%	-835.5%	-130.5%	-27.1%	-10.7%	-148.2%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	2.05	2.21	2.22	2.02	1.94	1.65	1.67	1.76
Quick ratio	—	2	1.42	1.39	1.11	1.22	0.95	1.03	1.04
Debt / equity	—	3.07	0.02	0.03	1.02	0.65	0.84	0.87	0.86
Debt / assets	—	0.27	0.01	0.02	0.41	0.32	0.37	0.38	0.38
Net debt / EBITDA	—	3.94	-0.41	-0.26	2.64	1.63	2.9	4.32	14.5
Interest coverage	—	—	—	—	98	4.66	3.27	1.62	-0.39
Effective tax rate	—	25.5%	25.7%	23.4%	27.2%	23.8%	25.2%	42.3%	0%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	18.7	19.3	22.3	25.6	21.3	21.2	21.5	20.7
EPS (basic)	—	0.79	1.14	1.43	1.21	1.42	0.99	0.21	0.21
EPS (diluted)	—	0.79	1.14	1.43	1.2	1.4	0.96	0.21	-0.71
Book value per share	—	5.73	17.3	19.2	7.88	9.34	10.2	10.6	9.68
FCF per share	—	0.92	1.38	0.75	1.4	2.73	1.66	0.93	0.48
Cash per share	—	8.01	1.21	1.1	0.79	1.16	0.95	1.44	1.19
Capex per share	—	0.02	0	0	0	0	0.11	0.62	0.48

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	0.09%	0.02%	0%	0%	0.01%	0.54%	2.86%	2.65%
Capex / operating cash flow	—	1.47%	0.37%	0.08%	0%	0.1%	5.22%	40%	49.8%
Payout ratio	—	—	0%	0%	604.9%	0%	0%	—	0%
Dividend yield	—	—	—	—	97.3%	0%	0%	—	3.16%

Yield

3.16%

trailing twelve months

Frequency

Annual

Last dividend

$0.055

ex-dividend May 23, 2022

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
May 23, 2022	$0.055
May 10, 2021	$0.055
May 18, 2020	$0.03
May 20, 2019	$0.52
May 22, 2018	$0.053
May 22, 2017	$0.053
May 23, 2016	$0.04
May 25, 2015	$0.04

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.1B	1B	154.3M	141.4M	101.1M	148.7M	120.6M	183.3M
Receivables	1.9B	1.8B	233.8M	305.3M	289.6M	203M	191M	150.4M
Inventory	192.3M	156.4M	245.9M	304.3M	373.1M	249.8M	276.4M	269.1M
Total current assets	5.8B	6.2B	690.6M	810M	830M	677.2M	650.7M	695.9M
Property, plant & equipment	281.2M	345.5M	368.5M	119.3M	100.9M	112.7M	187.8M	303.4M
Goodwill & intangibles	548.1M	522.3M	2.7B	2.7B	2.5B	2.5B	3.4B	3.4B
Total assets	7.5B	8.2B	2.7B	3B	2.5B	2.4B	2.9B	3.1B
Accounts payable	2.4B	2.6B	156.6M	203.9M	219.2M	151.4M	180.7M	203.7M
Short-term debt	555.9M	306.6M	12.3M	13.2M	31.4M	33.7M	19.5M	24.3M
Total current liabilities	3.1B	3B	312.1M	364.1M	411.1M	349.4M	395.4M	415.7M
Long-term debt	1.8B	1.9B	28.3M	50M	1B	736.5M	1.1B	1.1B
Total liabilities	4.9B	5B	498.2M	551.1M	1.5B	1.2B	1.6B	1.8B
Shareholders' equity	696.6M	733.5M	2.2B	2.5B	1B	1.2B	1.3B	1.3B
Total debt	2.3B	2.2B	40.6M	63.2M	1B	770.2M	1.1B	1.2B
Net debt	1.2B	1.2B	-113.7M	-78.2M	932.5M	621.5M	961.7M	990.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	122.5M	148.7M	153.7M	189.4M	108.4M	120.6M	113.5M	120.1M	114.8M	183.3M	138.4M	241.6M
Receivables	233.6M	203M	224.4M	213.5M	216.1M	191M	221.1M	218.8M	218.4M	150.4M	217.7M	247.2M
Inventory	269.4M	249.8M	247.9M	270M	299.4M	276.4M	288.7M	277M	272.4M	269.1M	271.7M	435.6M
Total current assets	684M	677.2M	702.5M	745.3M	686.9M	650.7M	689.1M	689.7M	690M	695.9M	734.9M	1.1B
Property, plant & equipment	98.2M	112.7M	103.5M	95.8M	165M	187.8M	176.1M	181M	220.8M	303.4M	288.7M	609.9M
Goodwill & intangibles	2.5B	2.5B	2.5B	2.5B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.3B	4.4B
Total assets	2.4B	2.4B	2.4B	2.4B	3B	2.9B	3B	3B	3B	3.1B	3.1B	4.5B
Accounts payable	179.7M	151.4M	163.6M	173.6M	175.3M	180.7M	182.4M	176.7M	182.5M	203.7M	175.1M	249.5M
Short-term debt	23.6M	33.7M	43.2M	15.7M	16.8M	19.5M	19.2M	19.3M	19.7M	24.3M	24.3M	75.1M
Total current liabilities	367.9M	349.4M	340.4M	332.2M	378.4M	395.4M	362.5M	368.6M	369.9M	415.7M	353.9M	603.7M
Long-term debt	747.7M	736.5M	726.9M	732.7M	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.6B
Total liabilities	1.2B	1.2B	1.2B	1.2B	1.7B	1.6B	1.6B	1.6B	1.6B	1.8B	1.8B	2.5B
Shareholders' equity	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.3B	1.3B	2B
Total debt	771.3M	770.2M	770.1M	748.4M	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.3B	1.7B
Net debt	648.8M	621.5M	616.4M	559M	1B	961.7M	1B	954.8M	961.4M	990.7M	1.1B	1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	100.7M	145.7M	182.6M	155.4M	182M	125.9M	26.7M
Depreciation & amortization	62.3M	65.8M	62.2M	64.5M	64.3M	77.3M	93.5M
Stock-based compensation	7.1M	9.7M	9.3M	10.9M	17.8M	21.9M	16.1M
Change in working capital	-40.2M	-48M	-127.7M	-59.6M	134.3M	36.8M	24.6M
Operating cash flow	142.8M	161.1M	118.5M	187.4M	386.2M	279.7M	195.7M
Capital expenditure	2.1M	600K	100K	0	400K	14.6M	-78.2M
Investing cash flow	2.1M	600K	100K	0	400K	-499.9M	-74.4M
Dividends paid	—	0	0	-940M	0	0	—
Share repurchases	—	—	0	0	-22M	-6.5M	-18.1M
Financing cash flow	-83.6M	-179.2M	-109.7M	-215.3M	-299.9M	269.6M	-65.7M
Net change in cash	61.3M	-17.5M	8.9M	-27.9M	86.7M	49.4M	55.6M
Free cash flow	117.7M	177.3M	96.6M	179.7M	348.3M	211.1M	117.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	59.7M	36.1M	37.5M	45.3M	29.1M	14M	13.3M	37.3M	18.1M	-42M	-15.4M	-57.6M
Depreciation & amortization	15.5M	17.8M	15.9M	17.2M	20.1M	24.1M	22.8M	24.2M	23.4M	23.1M	22.7M	34.4M
Stock-based compensation	4.3M	4.6M	4.3M	6.8M	5.7M	5.1M	5.1M	5.7M	4.4M	900K	4.3M	12.7M
Change in working capital	53.2M	400K	-9.1M	-6.5M	1.6M	50.8M	-38.7M	300K	15.1M	47.9M	-111.7M	114.9M
Operating cash flow	131.6M	66.8M	48.3M	70.7M	61.4M	94.7M	6.3M	84.8M	55.4M	86.9M	-133M	138.8M
Capital expenditure	100K	100K	—	—	—	6.2M	—	-18.1M	-15.9M	-34.4M	-13.2M	-10.2M
Investing cash flow	100K	100K	—	—	—	7.4M	—	-18.1M	-15.9M	-34.4M	-13.2M	-10.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-11.5M	-6.4M	-1.6M	-4.9M	0	0	-11.4M	-6.7M	0	0	0	0
Financing cash flow	-120.1M	-7.8M	-7.1M	-33.2M	371.6M	-61.7M	33.5M	-67.5M	-45.8M	14.1M	101.6M	303M
Net change in cash	11.6M	59.1M	41.2M	37.5M	433M	40.4M	39.8M	-800K	-6.3M	66.6M	-44.6M	431.6M
Free cash flow	132.5M	33.2M	11.7M	66.1M	64.5M	68.8M	-41.2M	66.7M	39.5M	52.5M	-146.2M	128.6M

MasterBrand, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement