FirmAtlas

Company handbook · MAS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16

MAS · CIK 62996 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026

Masco Corporation

$72.87 +0.29 (+0.40%)

Close, Oct 16, 2026 · 52-week $58–84

↗ masco.com

Last fiscal year

Masco Corporation reported revenue of $7.6B for the year ended Dec 31, 2025 (FY25), down 3.4% from FY24. Net income was $810M, operating cash flow $1.0B and free cash flow $866M. Source: 10-K filed Feb 10, 2026.

Market cap

$14.9B

P/E

17.8

EV/EBITDA

12.3x

P/B

n/m

Div yield

1.74%

ROIC

45.4%

Revenue 1Y

−3.4%/yr

EPS 1Y

2.7%/yr

Shares 1Y

−4%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOJonathon Nudi

HQLivonia, MI

AuditorPricewaterhouseCoopers LLP

Employees18,000

Year endsDecember

Revenue by segment · FY25

Plumbing Products66%

Decorative Architectural Products34%

Compounded growth & averages

10Y

TTM

Share price

8.1%

4.2%

11.5%

7.1%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$2.2B deployed

Capex $324M 15.0%

Acquisitions $4M 0.2%

Dividends $515M 23.8%

Buybacks $1.3B 61.1%

Operating cash flow over the period: $2.1B. Total debt changed by −$2M.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Jul 29, 2026 Quarterly results 8-K May 14, 2026 Shareholder vote results 8-K Apr 22, 2026 Quarterly results 8-K Apr 21, 2026 Executive or director change 8-K Mar 26, 2026 Material agreement 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

7,828

7,562−3.4%

7,679

YoY

−3.4%

Gross profit

2,831

2,679−5.4%

2,721

Gross margin

36.2%

35.4%−0.7 pp

—

Operating income

1,363

1,248−8.4%

1,278

Operating margin

17.4%

16.5%−0.9 pp

—

EBITDA

1,513

1,396−7.7%

—

EBITDA margin

19.3%

18.5%−0.9 pp

—

Interest expense

101+2.0%

—

Interest coverage

15.28x

13.82x−1.46x

—

Net income

822

810−1.5%

837

YoY

−1.5%

Net margin

10.5%

10.7%+0.2 pp

—

EPS (diluted, $)

3.76

3.86+2.7%

4.04

YoY

+2.7%

Balance sheet

FY24 FY25

TTM

Total assets

5,016

5,201+3.7%

5,233

Cash & short-term investments

634

647+2.1%

—

Accounts receivable

1,035

1,028−0.7%

—

Inventory

938

1,046+11.5%

—

Net PP&E

1,116

1,195+7.1%

—

Other assets

1,293

1,285−0.6%

—

Total liabilities

5,295

5,386+1.7%

5,475

Accounts payable

789

810+2.7%

—

Total debt

2,951

2,949−0.1%

3,074

Other liabilities

1,555

1,627+4.6%

—

Shareholders’ equity

(279)

(185)n/m

(242)

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

1,075

1,022−4.9%

1,101

Net income

874

858−1.8%

—

Depreciation & amortization

150

148−1.3%

—

Stock-based compensation

30−23.1%

—

Working capital & other

(14)−216.7%

—

Cash from investing

(50)

(144)n/m

—

Capex

(168)

(156)n/m

—

PP&E sold

14+1300.0%

—

Acquisitions

(4)

0n/m

—

Other investing

121

(2)−101.7%

—

Cash from financing

(1,017)

(888)n/m

—

Debt raised

—

Dividends

(254)

(261)n/m

—

Buybacks

(751)

(571)n/m

—

Shares issued

6−92.4%

—

Other financing

(91)

(62)n/m

—

Net change in cash

(1)

14n/m

—

Free cash flow (OCF − capex)

907

866−4.5%

943

Where the cash went

FY24 FY25

TTM

Operating cash flow

1,075

1,022−4.9%

1,101

Reinvested in the business

172

156−9.3%

—

% of operating cash flow

16.0%

15.3%

Capex

168

156−7.1%

158

Acquisitions

0−100.0%

—

Free cash flow

907

866−4.5%

943

YoY

−4.5%

Returned to shareholders

1,005

832−17.2%

—

% of free cash flow

110.8%

96.1%

Dividends

254

261+2.8%

—

Buybacks

751

571−24.0%

—

Change in total debt

—

(2)

—

Cash left over

—

FCF conversion (FCF ÷ net income)

110.3%

106.9%−3.4 pp

—

Owner earnings

—

722

—

Owner earnings margin

—

9.5%

—

Buyback yield

4.9%

4.4%−0.5 pp

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

50.3%

45.4%−4.9 pp

—

ROIC (operating)

44.6%

39.6%−5.0 pp

—

Net debt / EBITDA

1.53x

1.65x+0.12x

—

Cash conversion cycle (days)

67+8 d

—

ROE

−294.6%

−437.8%−143.2 pp

—

ROA

16.4%

15.6%−0.8 pp

—

ROCE

39.4%

34.4%−5.0 pp

—

NOPAT

1,026

943−8.1%

—

Invested capital (operating)

2,300

2,459+6.9%

—

Invested capital (all)

2,038

2,117+3.9%

—

Reinvestment rate

—

16.9%

—

Debtor days

50+1 d

—

Inventory days

78+10 d

—

Days payable

61+3 d

—

Income

Jun '25

Sep '25

Dec '25

Mar '26

Revenue

2,051

1,917

1,793

1,918

vs year-ago quarter

Gross profit

772

656

607

686

Gross margin

37.6%

34.2%

33.9%

35.8%

Operating income

412

303

247

316

Net income

270

189

165

213

vs year-ago quarter

Net margin

13.2%

9.9%

9.2%

11.1%

EPS (diluted, $)

1.28

0.90

0.81

1.05

vs year-ago quarter

Balance sheet

Jun '25

Sep '25

Dec '25

Mar '26

Total assets

5,288

5,311

5,201

5,233

Cash & equivalents

390

559

647

388

Total debt

2,993

2,947

2,949

3,074

Shareholders’ equity

(84)

(78)

(185)

(242)

Cash flow

Jun '25

Sep '25

Dec '25

Mar '26

Operating cash flow

306

456

418

(79)

Capex

Free cash flow

270

415

371

(113)

vs year-ago quarter