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Masco Financials

MAS
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Masco (MAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 43 / 100
Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
59

Masco has an operating margin of 16.5%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 59/100, indicating healthy but not exceptional operating efficiency. This is down from 17.4% the prior year.

Growth
28

Masco's revenue declined 3.4% year-over-year, from $7.8B to $7.6B. This contraction results in a growth score of 28/100.

Liquidity
32

Masco's current ratio of 1.81 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
54

Masco has a free cash flow margin of 11.5%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Safe
3.78

Masco scores 3.78, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Masco passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.26x

For every $1 of reported earnings, Masco generates $1.26 in operating cash flow ($1.0B OCF vs $810.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
12.4x

Masco earns $12.4 in operating income for every $1 of interest expense ($1.2B vs $101.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$7.6B
YoY-3.4%
5Y CAGR+1.0%
10Y CAGR+0.6%

Masco generated $7.6B in revenue in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

EBITDA
$1.4B
YoY-7.7%
5Y CAGR-0.5%
10Y CAGR+2.9%

Masco's EBITDA was $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.7% from the prior year.

Net Income
$810.0M
YoY-1.5%
5Y CAGR-7.9%
10Y CAGR+8.6%

Masco reported $810.0M in net income in fiscal year 2025. This represents a decrease of 1.5% from the prior year.

EPS (Diluted)
$3.86
YoY+2.7%
5Y CAGR-3.4%
10Y CAGR+14.2%

Masco earned $3.86 per diluted share (EPS) in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$866.0M
YoY-4.5%
5Y CAGR+0.6%
10Y CAGR+2.9%

Masco generated $866.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 4.5% from the prior year.

Cash & Debt
$647.0M
YoY+2.1%
5Y CAGR-13.4%
10Y CAGR-7.9%

Masco held $647.0M in cash against $2.9B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.24
YoY+6.9%
5Y CAGR+17.7%
10Y CAGR+12.9%

Masco paid $1.24 per share in dividends in fiscal year 2025. This represents an increase of 6.9% from the prior year.

Shares Outstanding
204M
YoY-4.0%
5Y CAGR-4.6%
10Y CAGR-4.8%

Masco had 204M shares outstanding in fiscal year 2025. This represents a decrease of 4.0% from the prior year.

Margins & Returns

Gross Margin
35.4%
YoY-0.7pp
5Y CAGR-0.6pp
10Y CAGR+3.9pp

Masco's gross margin was 35.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.

Operating Margin
16.5%
YoY-0.9pp
5Y CAGR-1.5pp
10Y CAGR+3.7pp

Masco's operating margin was 16.5% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.

Net Margin
10.7%
YoY+0.2pp
5Y CAGR-6.3pp
10Y CAGR+5.7pp

Masco's net profit margin was 10.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$571.0M
YoY-24.0%
5Y CAGR-4.7%
10Y CAGR+2.3%

Masco spent $571.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.0% from the prior year.

Capital Expenditures
$156.0M
YoY-7.1%
5Y CAGR+6.5%
10Y CAGR-0.1%

Masco invested $156.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 7.1% from the prior year.

MAS Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.8B-6.5% $1.9B-6.5% $2.1B+13.9% $1.8B-1.5% $1.8B-7.8% $2.0B-5.2% $2.1B+8.6% $1.9B
Cost of Revenue $1.2B-5.9% $1.3B-1.3% $1.3B+10.5% $1.2B-2.9% $1.2B-5.2% $1.3B-3.7% $1.3B+5.2% $1.2B
Gross Profit $607.0M-7.5% $656.0M-15.0% $772.0M+19.9% $644.0M+1.3% $636.0M-12.3% $725.0M-7.6% $785.0M+14.6% $685.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $354.0M+0.3% $353.0M-2.2% $361.0M+0.8% $358.0M+3.8% $345.0M-6.3% $368.0M-5.2% $388.0M+5.7% $367.0M
Operating Income $247.0M-18.5% $303.0M-26.5% $412.0M+44.1% $286.0M-1.7% $291.0M-18.5% $357.0M-10.1% $397.0M+24.8% $318.0M
Interest Expense $24.0M-4.0% $25.0M-3.8% $26.0M0.0% $26.0M+13.0% $23.0M-8.0% $25.0M-3.8% $26.0M+4.0% $25.0M
Income Tax $50.0M-34.2% $76.0M-20.0% $95.0M+69.6% $56.0M-13.8% $65.0M-4.4% $68.0M-27.7% $94.0M+56.7% $60.0M
Net Income $165.0M-12.7% $189.0M-30.0% $270.0M+45.2% $186.0M+2.2% $182.0M+9.0% $167.0M-35.3% $258.0M+20.0% $215.0M
EPS (Diluted) N/A $0.90-29.7% $1.28+47.1% $0.87 N/A $0.77-34.2% $1.17+20.6% $0.97

MAS Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $5.2B-2.1% $5.3B+0.4% $5.3B+3.5% $5.1B+1.8% $5.0B-5.3% $5.3B-1.3% $5.4B+0.5% $5.3B
Current Assets $2.8B-4.0% $3.0B+1.2% $2.9B+4.5% $2.8B+2.5% $2.7B-7.9% $3.0B+2.3% $2.9B+1.7% $2.9B
Cash & Equivalents $647.0M+15.7% $559.0M+43.3% $390.0M+3.4% $377.0M-40.5% $634.0M-1.9% $646.0M+62.3% $398.0M+8.2% $368.0M
Inventory $1.0B-2.2% $1.1B-2.6% $1.1B+4.8% $1.0B+11.6% $938.0M-7.4% $1.0B-4.2% $1.1B-0.2% $1.1B
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $623.0M+0.2% $622.0M+0.2% $621.0M+2.6% $605.0M+1.3% $597.0M-2.1% $610.0M+1.5% $601.0M+0.5% $598.0M
Total Liabilities $5.1B-0.3% $5.1B+0.1% $5.1B+0.5% $5.1B+0.9% $5.1B-1.6% $5.2B-0.6% $5.2B+0.1% $5.2B
Current Liabilities $1.6B-0.2% $1.6B-2.1% $1.6B+0.4% $1.6B+2.8% $1.6B-3.6% $1.6B-1.6% $1.6B+0.2% $1.6B
Long-Term Debt $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B0.0% $2.9B
Total Equity -$185.0M-137.2% -$78.0M+7.1% -$84.0M+66.9% -$254.0M+9.0% -$279.0M-217.0% -$88.0M-238.5% -$26.0M+65.3% -$75.0M
Retained Earnings -$688.0M-19.4% -$576.0M+1.2% -$583.0M+15.9% -$693.0M0.0% -$693.0M-25.8% -$551.0M-18.0% -$467.0M+11.4% -$527.0M

MAS Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $418.0M-8.3% $456.0M+49.0% $306.0M+293.7% -$158.0M-138.8% $407.0M-2.2% $416.0M+20.2% $346.0M+468.1% -$94.0M
Capital Expenditures $47.0M+14.6% $41.0M+13.9% $36.0M+12.5% $32.0M-42.9% $56.0M+47.4% $38.0M-11.6% $43.0M+38.7% $31.0M
Free Cash Flow $371.0M-10.6% $415.0M+53.7% $270.0M+242.1% -$190.0M-154.1% $351.0M-7.1% $378.0M+24.8% $303.0M+342.4% -$125.0M
Investing Cash Flow -$33.0M+19.5% -$41.0M-10.8% -$37.0M-12.1% -$33.0M+46.8% -$62.0M-167.4% $92.0M+295.7% -$47.0M-42.4% -$33.0M
Financing Cash Flow -$296.0M-19.4% -$248.0M+8.8% -$272.0M-277.8% -$72.0M+79.1% -$344.0M-27.9% -$269.0M+0.4% -$270.0M-101.5% -$134.0M
Dividends Paid $64.0M-1.5% $65.0M-1.5% $66.0M0.0% $66.0M+4.8% $63.0M0.0% $63.0M-1.6% $64.0M0.0% $64.0M
Share Buybacks $217.0M+76.4% $123.0M+21.8% $101.0M-22.3% $130.0M-51.7% $269.0M+40.1% $192.0M+32.4% $145.0M0.0% $145.0M

MAS Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 33.9%-0.4pp 34.2%-3.4pp 37.6%+1.9pp 35.8%+1.0pp 34.8%-1.8pp 36.6%-1.0pp 37.5%+2.0pp 35.6%
Operating Margin 13.8%-2.0pp 15.8%-4.3pp 20.1%+4.2pp 15.9%-0.0pp 15.9%-2.1pp 18.0%-1.0pp 19.0%+2.5pp 16.5%
Net Margin 9.2%-0.7pp 9.9%-3.3pp 13.2%+2.8pp 10.3%+0.4pp 10.0%+1.5pp 8.4%-3.9pp 12.3%+1.2pp 11.2%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets 3.2%-0.4pp 3.6%-1.6pp 5.1%+1.5pp 3.6%+0.0pp 3.6%+0.5pp 3.1%-1.7pp 4.8%+0.8pp 4.0%
Current Ratio 1.81-0.1 1.88+0.1 1.82+0.1 1.750.0 1.75-0.1 1.83+0.1 1.76+0.0 1.74
Debt-to-Equity -15.92+21.8 -37.76-2.7 -35.06-23.5 -11.59-1.0 -10.56+22.9 -33.47+79.8 -113.27-74.0 -39.27
FCF Margin 20.7%-1.0pp 21.6%+8.5pp 13.2%+23.7pp -10.5%-29.8pp 19.2%+0.1pp 19.1%+4.6pp 14.5%+21.0pp -6.5%

Note: Shareholder equity is negative (-$185.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

Masco (MAS) reported $7.6B in total revenue for fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Masco (MAS) revenue declined by 3.4% year-over-year, from $7.8B to $7.6B in fiscal year 2025.

Yes, Masco (MAS) reported a net income of $810.0M in fiscal year 2025, with a net profit margin of 10.7%.

Masco (MAS) reported diluted earnings per share of $3.86 for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Masco (MAS) had EBITDA of $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Masco (MAS) had $647.0M in cash and equivalents against $2.9B in long-term debt.

Masco (MAS) had a gross margin of 35.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Masco (MAS) had an operating margin of 16.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Masco (MAS) had a net profit margin of 10.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Masco (MAS) paid $1.24 per share in dividends during fiscal year 2025.

Masco (MAS) generated $866.0M in free cash flow during fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Masco (MAS) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Masco (MAS) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Masco (MAS) invested $156.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Masco (MAS) spent $571.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Masco (MAS) had 204M shares outstanding as of fiscal year 2025.

Masco (MAS) had a current ratio of 1.81 as of fiscal year 2025, which is generally considered healthy.

Masco (MAS) had a debt-to-equity ratio of -15.92 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Masco (MAS) had a return on assets of 15.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Masco (MAS) has negative shareholder equity of -$185.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Masco (MAS) has an Altman Z-Score of 3.78, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Masco (MAS) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Masco (MAS) has an earnings quality ratio of 1.26x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Masco (MAS) has an interest coverage ratio of 12.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Masco (MAS) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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