MasterBrand (MBC) Financials

$7.70 -0.73 (-8.60%)

Closing price 03:59 PM Eastern

Extended Trading

$7.70 -0.01 (-0.13%)

As of 04:24 PM Eastern

Annual Income Statements for MasterBrand

This table shows MasterBrand's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	183	155	182	126	27
Consolidated Net Income / (Loss)	183	155	182	126	27
Net Income / (Loss) Continuing Operations	183	155	182	126	27
Total Pre-Tax Income	238	213	239	168	46
Total Operating Income	234	203	306	236	119
Total Gross Profit	784	941	901	877	828
Total Revenue	2,855	3,276	2,726	2,700	2,735
Operating Revenue	2,855	3,276	2,726	2,700	2,735
Total Cost of Revenue	2,071	2,335	1,825	1,823	1,907
Operating Cost of Revenue	2,071	2,335	1,825	1,823	1,907
Total Operating Expenses	550	737	595	637	709
Selling, General & Admin Expense	528	649	570	603	668
Amortization Expense	18	17	15	20	26
Restructuring Charge	4.20	25	10	18	15
Other Special Charges / (Income)	-	0.00	0.00	-4.30	0.00
Total Other Income / (Expense), net	4.00	10	-68	-72	-73
Interest Expense	0.00	2.20	65	74	74
Other Income / (Expense), net	-0.60	-0.60	-2.40	2.30	1.40
Income Tax Expense	56	58	57	42	20
Basic Earnings per Share	$1.43	$1.21	$1.42	$0.99	$0.21
Weighted Average Basic Shares Outstanding	128M	128M	127.80M	127.10M	127M
Diluted Earnings per Share	$1.43	$1.20	$1.40	$0.96	$0.21
Weighted Average Diluted Shares Outstanding	128M	129.10M	129.90M	130.90M	129.20M
Weighted Average Basic & Diluted Shares Outstanding	-	-	127.00M	127.65M	127.54M

This table shows MasterBrand's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	51	60	36	38	45	29	14	13	37	18	-42
Consolidated Net Income / (Loss)	51	60	36	38	45	29	14	13	37	18	-42
Net Income / (Loss) Continuing Operations	51	60	36	38	45	29	14	13	37	18	-42
Total Pre-Tax Income	70	78	43	49	60	39	20	17	49	23	-43
Total Operating Income	87	92	61	63	78	58	38	37	67	42	-27
Total Gross Profit	236	238	223	205	231	238	203	202	240	218	168
Total Revenue	695	677	677	638	677	718	668	660	731	699	645
Operating Revenue	695	677	677	638	677	718	668	660	731	699	645
Total Cost of Revenue	459	440	454	433	446	480	464	458	491	481	477
Operating Cost of Revenue	459	440	454	433	446	480	464	458	491	481	477
Total Operating Expenses	149	145	162	142	153	180	162	165	172	177	195
Selling, General & Admin Expense	142	140	152	138	147	166	152	154	159	168	187
Amortization Expense	4.00	3.60	3.70	3.70	3.70	6.30	6.50	6.40	6.40	6.40	6.40
Restructuring Charge	3.10	1.40	6.00	0.40	2.80	7.80	7.00	4.70	6.60	2.60	1.30
Total Other Income / (Expense), net	-18	-14	-18	-14	-18	-18	-22	-20	-18	-18	-16
Interest Expense	17	15	15	14	21	20	19	19	19	18	18
Other Income / (Expense), net	-0.50	1.00	-2.50	0.30	2.90	1.80	-2.70	-0.40	0.60	-0.10	1.30
Income Tax Expense	19	18	7.10	12	15	10	5.80	4.00	12	5.30	-1.40
Basic Earnings per Share	$0.40	$0.47	$0.28	$0.30	$0.36	$0.23	$0.10	$0.10	$0.29	$0.14	($0.32)
Weighted Average Basic Shares Outstanding	128.40M	127.60M	127.80M	127M	127M	127.10M	127.10M	127.50M	126.80M	126.70M	127M
Diluted Earnings per Share	$0.39	$0.46	$0.28	$0.29	$0.35	$0.22	$0.10	$0.10	$0.29	$0.14	($0.32)
Weighted Average Diluted Shares Outstanding	129.90M	130.30M	129.90M	130.50M	130.70M	130.80M	130.90M	130.70M	129.10M	129.50M	129.20M
Weighted Average Basic & Diluted Shares Outstanding	127.68M	126.76M	127.00M	127.00M	127.07M	127.10M	127.65M	126.74M	126.73M	126.78M	127.54M

This table details how cash moves in and out of MasterBrand's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	-13	-40	48	-27	62
Net Cash From Operating Activities	148	236	406	292	196
Net Cash From Continuing Operating Activities	148	236	404	292	196
Net Income / (Loss) Continuing Operations	183	155	182	126	27
Consolidated Net Income / (Loss)	183	155	182	126	27
Depreciation Expense	44	47	49	57	68
Amortization Expense	18	17	18	29	28
Non-Cash Adjustments To Reconcile Net Income	9.10	71	11	36	32
Changes in Operating Assets and Liabilities, net	-106	-56	144	44	41
Net Cash From Investing Activities	-52	-56	-57	-581	-74
Net Cash From Continuing Investing Activities	-52	-56	-57	-581	-74
Purchase of Property, Plant & Equipment	-52	-56	-57	-81	-78
Acquisitions	-	0.00	0.00	-515	0.00
Sale of Property, Plant & Equipment	0.10	0.00	0.40	15	3.80
Net Cash From Financing Activities	-110	-215	-300	270	-66
Net Cash From Continuing Financing Activities	-110	-215	-300	270	-66
Repayment of Debt	-2,768	-3,020	-529	-883	-279
Repurchase of Common Equity	0.00	0.00	-22	-6.50	-18
Issuance of Debt	2,614	3,740	255	1,170	240
Other Financing Activities, net	44	5.20	-4.00	-11	-8.30
Effect of Exchange Rate Changes	0.10	-4.70	-1.20	-7.90	6.70

This table details how cash moves in and out of MasterBrand's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Net Change in Cash & Equivalents	-6.10	12	26	5.00	36	-80	12	-7.50	6.60	-5.30	69
Net Cash From Operating Activities	132	143	69	19	77	81	115	-31	85	55	87
Net Cash From Continuing Operating Activities	132	143	69	19	77	81	115	-31	85	55	87
Net Income / (Loss) Continuing Operations	51	60	36	38	45	29	14	13	37	18	-42
Consolidated Net Income / (Loss)	51	60	36	38	45	29	14	13	37	18	-42
Depreciation Expense	12	12	14	12	14	14	18	16	18	17	17
Amortization Expense	4.50	4.30	4.20	4.20	11	7.00	7.20	7.10	7.10	7.10	7.00
Non-Cash Adjustments To Reconcile Net Income	2.30	2.50	12	3.50	7.70	9.90	14	8.50	7.50	2.40	13
Changes in Operating Assets and Liabilities, net	62	64	2.70	-39	0.20	21	62	-77	15	11	92
Net Cash From Investing Activities	-8.50	-9.90	-36	-7.00	-4.90	-530	-39	-9.80	-15	-16	-34
Net Cash From Continuing Investing Activities	-8.50	-9.90	-36	-7.00	-4.90	-530	-39	-9.80	-15	-16	-34
Purchase of Property, Plant & Equipment	-8.50	-10	-36	-7.00	-11	-16	-46	-9.80	-18	-16	-34
Sale of Property, Plant & Equipment	-	0.10	0.10	-	6.40	2.00	6.20	-	-	0.10	0.10
Net Cash From Financing Activities	-129	-120	-7.80	-7.10	-33	372	-62	34	-68	-46	14
Net Cash From Continuing Financing Activities	-129	-120	-7.80	-7.10	-33	372	-62	34	-68	-46	14
Repayment of Debt	-140	-109	-200	-0.60	-728	-58	-96	-46	-81	-81	-72
Issuance of Debt	15	-	200	0.00	700	430	40	95	20	35	90
Other Financing Activities, net	-0.10	-0.10	-1.00	-4.90	-0.20	-0.20	-6.10	-4.50	-0.10	-0.20	-3.50
Effect of Exchange Rate Changes	-0.20	-0.20	0.70	0.40	-3.60	-	-	0.20	3.80	0.90	1.80

This table presents MasterBrand's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Total Assets	2,529	2,382	2,930	3,100
Total Current Assets	830	677	651	696
Cash & Equivalents	101	149	121	183
Accounts Receivable	290	203	191	150
Inventories, net	373	250	276	269
Other Current Assets	66	76	63	93
Plant, Property, & Equipment, net	353	357	482	503
Total Noncurrent Assets	1,347	1,348	1,798	1,901
Goodwill	924	925	1,126	1,128
Intangible Assets	350	396	571	737
Other Noncurrent Operating Assets	73	27	101	37
Total Liabilities & Shareholders' Equity	2,529	2,382	2,930	3,100
Total Liabilities	1,520	1,188	1,635	1,756
Total Current Liabilities	411	349	395	416
Accounts Payable	219	151	181	204
Other Current Liabilities	174	180	215	212
Total Noncurrent Liabilities	1,109	839	1,240	1,340
Long-Term Debt	962	690	1,008	975
Noncurrent Deferred & Payable Income Tax Liabilities	87	84	159	172
Noncurrent Employee Benefit Liabilities	12	7.90	3.20	3.90
Other Noncurrent Operating Liabilities	48	57	70	190
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,009	1,194	1,295	1,345
Total Preferred & Common Equity	1,009	1,194	1,295	1,345
Total Common Equity	1,009	1,194	1,295	1,345
Common Stock	1.30	19	41	57
Retained Earnings	1,023	1,205	1,330	1,357
Treasury Stock	-0.10	-26	-44	-70
Accumulated Other Comprehensive Income / (Loss)	-15	-3.70	-33	0.80

This table presents MasterBrand's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/26/2023	6/25/2023	9/24/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025
Total Assets	2,508	2,424	2,378	2,400	2,427	2,960	2,956	2,957	3,002
Total Current Assets	811	728	684	703	745	687	689	690	690
Cash & Equivalents	116	110	123	154	189	108	114	120	115
Accounts Receivable	278	236	234	224	214	216	221	219	218
Inventories, net	350	320	269	248	270	299	289	277	272
Other Current Assets	66	63	59	77	72	63	66	74	84
Plant, Property, & Equipment, net	344	342	342	353	343	457	476	478	481
Total Noncurrent Assets	1,354	1,354	1,353	1,344	1,339	1,817	1,791	1,789	1,831
Goodwill	924	925	925	924	924	1,129	1,126	1,128	1,127
Intangible Assets	408	403	400	331	327	578	565	628	553
Other Noncurrent Operating Assets	22	26	28	89	88	109	99	34	151
Total Liabilities & Shareholders' Equity	2,508	2,424	2,378	2,400	2,427	2,960	2,956	2,957	3,002
Total Liabilities	1,462	1,316	1,222	1,171	1,168	1,673	1,649	1,596	1,618
Total Current Liabilities	389	374	368	340	332	378	363	369	370
Accounts Payable	203	182	180	164	174	175	182	177	183
Other Current Liabilities	164	165	180	150	159	203	180	192	187
Total Noncurrent Liabilities	1,073	942	854	831	836	1,294	1,287	1,228	1,249
Long-Term Debt	917	788	699	681	689	1,062	1,058	999	954
Noncurrent Deferred & Payable Income Tax Liabilities	84	85	84	82	82	154	158	155	173
Noncurrent Employee Benefit Liabilities	12	12	12	8.30	8.30	7.50	3.60	3.80	3.60
Other Noncurrent Operating Liabilities	59	56	58	59	57	70	67	71	118
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,046	1,108	1,157	1,229	1,259	1,288	1,307	1,361	1,384
Total Preferred & Common Equity	1,046	1,108	1,157	1,229	1,259	1,288	1,307	1,361	1,384
Total Common Equity	1,046	1,108	1,157	1,229	1,259	1,288	1,307	1,361	1,384
Common Stock	6.20	10	15	23	30	36	46	52	56
Retained Earnings	1,058	1,109	1,168	1,242	1,287	1,316	1,344	1,381	1,399
Treasury Stock	-2.80	-7.40	-19	-33	-38	-38	-60	-67	-67
Accumulated Other Comprehensive Income / (Loss)	-15	-3.90	-7.40	-3.50	-21	-27	-23	-5.10	-4.90

This table displays calculated financial ratios and metrics derived from MasterBrand's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	14.72%	-16.77%	-0.95%	1.27%
EBITDA Growth	0.00%	-9.70%	38.62%	-12.47%	-33.19%
EBIT Growth	0.00%	-13.26%	49.93%	-21.68%	-49.41%
NOPAT Growth	0.00%	-17.54%	57.75%	-24.50%	-61.08%
Net Income Growth	0.00%	-14.90%	17.12%	-30.82%	-78.79%
EPS Growth	0.00%	-16.08%	16.67%	-31.43%	-78.13%
Operating Cash Flow Growth	0.00%	58.97%	72.16%	-28.01%	-32.98%
Free Cash Flow Firm Growth	0.00%	0.00%	121.15%	-168.71%	145.40%
Invested Capital Growth	0.00%	0.00%	-7.11%	24.47%	-2.11%
Revenue Q/Q Growth	0.00%	0.00%	-3.79%	-0.35%	-0.84%
EBITDA Q/Q Growth	0.00%	0.00%	13.69%	-5.04%	-22.17%
EBIT Q/Q Growth	0.00%	0.00%	16.26%	-9.06%	-33.48%
NOPAT Q/Q Growth	0.00%	0.00%	19.44%	-11.89%	-50.51%
Net Income Q/Q Growth	0.00%	0.00%	12.83%	-14.93%	-67.71%
EPS Q/Q Growth	0.00%	0.00%	14.75%	-15.79%	-66.67%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-10.70%	18.70%	-12.59%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	15.74%	-27.10%
Invested Capital Q/Q Growth	0.00%	0.00%	0.65%	-2.66%	-3.91%
Profitability Metrics	-	-	-	-	-
Gross Margin	27.45%	28.71%	33.06%	32.48%	30.26%
EBITDA Margin	10.36%	8.16%	13.59%	12.01%	7.92%
Operating Margin	8.21%	6.21%	11.24%	8.73%	4.35%
EBIT Margin	8.18%	6.19%	11.15%	8.81%	4.40%
Profit (Net Income) Margin	6.40%	4.74%	6.68%	4.66%	0.98%
Tax Burden Percent	76.63%	72.82%	76.25%	74.81%	57.67%
Interest Burden Percent	101.97%	105.28%	78.55%	70.71%	38.46%
Effective Tax Rate	23.37%	27.18%	23.75%	25.19%	42.33%
Return on Invested Capital (ROIC)	0.00%	15.69%	12.83%	8.96%	3.18%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	17.37%	5.66%	1.99%	-1.82%
Return on Net Nonoperating Assets (RNNOA)	0.00%	15.11%	3.69%	1.16%	-1.16%
Return on Equity (ROE)	0.00%	30.80%	16.52%	10.12%	2.02%
Cash Return on Invested Capital (CROIC)	0.00%	-184.31%	20.21%	-12.84%	5.31%
Operating Return on Assets (OROA)	0.00%	8.01%	12.38%	8.96%	3.99%
Return on Assets (ROA)	0.00%	6.14%	7.41%	4.74%	0.89%
Return on Common Equity (ROCE)	0.00%	30.80%	16.52%	10.12%	2.02%
Return on Equity Simple (ROE_SIMPLE)	0.00%	15.40%	15.25%	9.72%	0.00%
Net Operating Profit after Tax (NOPAT)	180	148	234	176	69
NOPAT Margin	6.29%	4.52%	8.57%	6.53%	2.51%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.68%	7.17%	6.97%	5.00%
Return On Investment Capital (ROIC_SIMPLE)	-	7.45%	12.28%	7.66%	2.96%
Cost of Revenue to Revenue	72.55%	71.29%	66.94%	67.52%	69.74%
SG&A Expenses to Revenue	18.48%	19.80%	20.90%	22.33%	24.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.25%	22.51%	21.83%	23.59%	25.91%
Earnings before Interest and Taxes (EBIT)	234	203	304	238	120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	296	267	370	324	217
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.96	1.59	1.43	1.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.30	0.70	0.68	0.53
Price to Earnings (P/E)	0.00	6.24	10.45	14.68	54.04
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	16.01%	9.57%	6.81%	1.85%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.98	1.40	1.25	1.05
Enterprise Value to Revenue (EV/Rev)	0.00	0.56	0.90	1.01	0.82
Enterprise Value to EBITDA (EV/EBITDA)	0.00	6.92	6.64	8.44	10.31
Enterprise Value to EBIT (EV/EBIT)	0.00	9.12	8.10	11.50	18.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	12.48	10.53	15.52	32.55
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	7.85	6.07	9.37	11.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.69	0.00	19.47
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.97	0.59	0.78	0.72
Long-Term Debt to Equity	0.00	0.95	0.58	0.78	0.72
Financial Leverage	0.00	0.87	0.65	0.58	0.64
Leverage Ratio	0.00	2.51	2.23	2.13	2.28
Compound Leverage Factor	0.00	2.64	1.75	1.51	0.88
Debt to Total Capital	0.00%	49.24%	37.22%	43.77%	42.02%
Short-Term Debt to Total Capital	0.00%	0.88%	0.93%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	48.36%	36.30%	43.77%	42.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	50.76%	62.78%	56.23%	57.98%
Debt to EBITDA	0.00	3.66	1.91	3.11	4.50
Net Debt to EBITDA	0.00	3.29	1.51	2.74	3.65
Long-Term Debt to EBITDA	0.00	3.60	1.86	3.11	4.50
Debt to NOPAT	0.00	6.61	3.03	5.72	14.20
Net Debt to NOPAT	0.00	5.93	2.39	5.03	11.53
Long-Term Debt to NOPAT	0.00	6.49	2.96	5.72	14.20
Altman Z-Score	0.00	2.71	3.40	2.61	2.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	2.02	1.94	1.65	1.67
Quick Ratio	0.00	0.95	1.01	0.79	0.80
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,739	368	-253	115
Operating Cash Flow to CapEx	287.77%	421.47%	712.83%	440.42%	263.04%
Free Cash Flow to Firm to Interest Expense	0.00	-790.48	5.64	-3.41	1.55
Operating Cash Flow to Interest Expense	0.00	107.09	6.22	3.95	2.64
Operating Cash Flow Less CapEx to Interest Expense	0.00	81.68	5.35	3.05	1.64
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	1.30	1.11	1.02	0.91
Accounts Receivable Turnover	0.00	11.31	11.07	13.71	16.02
Inventory Turnover	0.00	6.26	5.86	6.93	6.99
Fixed Asset Turnover	0.00	9.29	7.69	6.44	5.55
Accounts Payable Turnover	0.00	10.65	9.85	10.98	9.92
Days Sales Outstanding (DSO)	0.00	32.27	32.98	26.63	22.78
Days Inventory Outstanding (DIO)	0.00	58.32	62.30	52.67	52.20
Days Payable Outstanding (DPO)	0.00	34.26	37.06	33.24	36.79
Cash Conversion Cycle (CCC)	0.00	56.33	58.21	46.05	38.20
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	1,887	1,753	2,182	2,136
Invested Capital Turnover	0.00	3.47	1.50	1.37	1.27
Increase / (Decrease) in Invested Capital	0.00	1,887	-134	429	-46
Enterprise Value (EV)	0.00	1,848	2,460	2,736	2,234
Market Capitalization	0.00	970	1,901	1,849	1,443
Book Value per Share	$0.00	$7.88	$9.42	$10.19	$10.61
Tangible Book Value per Share	$0.00	($2.07)	($1.00)	($3.69)	($4.10)
Total Capital	0.00	1,988	1,902	2,303	2,319
Total Debt	0.00	979	708	1,008	975
Total Long-Term Debt	0.00	962	690	1,008	975
Net Debt	0.00	878	559	887	791
Capital Expenditures (CapEx)	52	56	57	66	74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	335	197	135	97
Debt-free Net Working Capital (DFNWC)	0.00	436	345	255	280
Net Working Capital (NWC)	0.00	419	328	255	280
Net Nonoperating Expense (NNE)	-3.07	-7.35	52	50	42
Net Nonoperating Obligations (NNO)	0.00	878	559	887	791
Total Depreciation and Amortization (D&A)	62	65	67	86	96
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	10.24%	7.22%	4.99%	3.54%
Debt-free Net Working Capital to Revenue	0.00%	13.32%	12.67%	9.45%	10.25%
Net Working Capital to Revenue	0.00%	12.79%	12.02%	9.45%	10.25%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.42	$0.99	$0.21
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	127.80M	127.10M	127M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.40	$0.96	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	129.90M	130.90M	129.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	127.00M	127.65M	127.54M
Normalized Net Operating Profit after Tax (NOPAT)	183	200	241	187	77
Normalized NOPAT Margin	6.40%	6.11%	8.85%	6.91%	2.83%
Pre Tax Income Margin	8.35%	6.52%	8.76%	6.23%	1.69%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	92.14	4.66	3.22	1.62
NOPAT to Interest Expense	0.00	67.29	3.58	2.38	0.93
EBIT Less CapEx to Interest Expense	0.00	66.73	3.79	2.32	0.62
NOPAT Less CapEx to Interest Expense	0.00	41.88	2.71	1.49	-0.08
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	604.89%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	604.89%	12.09%	5.16%	67.79%

This table displays calculated financial ratios and metrics derived from MasterBrand's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-18.76%	-21.10%	-13.68%	-5.70%	-2.68%	6.02%	-1.39%	3.48%	8.04%	-2.67%	-3.46%
EBITDA Growth	53.19%	19.04%	138.51%	-1.97%	1.75%	-26.69%	-22.40%	-24.28%	-11.53%	-18.08%	-103.52%
EBIT Growth	66.79%	25.95%	265.63%	-3.37%	-7.13%	-36.27%	-40.51%	-41.84%	-15.86%	-29.97%	-174.14%
NOPAT Growth	63.32%	41.89%	322.47%	0.11%	-8.66%	-39.79%	-47.98%	-40.65%	-12.64%	-24.18%	-171.54%
Net Income Growth	25.18%	14.37%	134.42%	7.14%	-11.52%	-51.26%	-61.22%	-64.53%	-17.66%	-37.80%	-400.00%
EPS Growth	21.88%	12.20%	180.00%	7.41%	-10.26%	-52.17%	-64.29%	-65.52%	-17.14%	-36.36%	-420.00%
Operating Cash Flow Growth	66.96%	240.91%	-41.29%	-69.89%	-41.32%	-43.30%	66.57%	-267.91%	9.56%	-31.44%	-24.50%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	107.38%	106.44%	72.62%	-317.35%	-426.92%	-481.54%	111.14%	106.74%
Invested Capital Growth	0.00%	0.00%	-7.11%	-4.62%	-2.98%	28.71%	24.47%	26.25%	27.35%	-0.83%	-2.11%
Revenue Q/Q Growth	2.72%	-2.56%	-0.03%	-5.76%	6.02%	6.15%	-7.02%	-1.11%	10.69%	-4.38%	-7.77%
EBITDA Q/Q Growth	27.13%	6.11%	-29.80%	3.52%	31.95%	-23.55%	-25.69%	1.01%	54.15%	-29.20%	-103.20%
EBIT Q/Q Growth	33.08%	7.25%	-37.23%	7.86%	27.89%	-26.39%	-41.41%	5.46%	85.01%	-38.73%	-162.02%
NOPAT Q/Q Growth	33.74%	10.06%	-27.86%	-5.72%	22.01%	-27.45%	-37.67%	7.57%	79.62%	-37.04%	-158.81%
Net Income Q/Q Growth	46.29%	16.60%	-39.53%	3.88%	20.80%	-35.76%	-51.89%	-5.00%	180.45%	-51.47%	-332.04%
EPS Q/Q Growth	44.44%	17.95%	-39.13%	3.57%	20.69%	-37.14%	-54.55%	0.00%	190.00%	-51.72%	-328.57%
Operating Cash Flow Q/Q Growth	112.40%	8.04%	-51.51%	-72.94%	313.90%	4.39%	42.45%	-127.28%	370.06%	-34.67%	56.86%
Free Cash Flow Firm Q/Q Growth	4.02%	4.44%	111.08%	-27.39%	-16.23%	-506.12%	12.02%	-9.22%	2.23%	111.86%	-46.76%
Invested Capital Q/Q Growth	-3.05%	-3.92%	0.65%	1.73%	-1.39%	27.46%	-2.66%	3.19%	-0.52%	-0.75%	-3.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.98%	35.07%	32.95%	32.08%	34.15%	33.14%	30.45%	30.62%	32.80%	31.22%	25.99%
EBITDA Margin	14.83%	16.15%	11.34%	12.46%	15.51%	11.17%	8.93%	9.12%	12.70%	9.40%	-0.33%
Operating Margin	12.57%	13.61%	9.01%	9.84%	11.50%	8.02%	5.62%	5.62%	9.21%	5.97%	-4.20%
EBIT Margin	12.50%	13.76%	8.64%	9.89%	11.93%	8.27%	5.21%	5.56%	9.29%	5.95%	-4.00%
Profit (Net Income) Margin	7.37%	8.81%	5.33%	5.88%	6.70%	4.05%	2.10%	2.01%	5.10%	2.59%	-6.52%
Tax Burden Percent	73.46%	76.64%	83.56%	76.53%	75.37%	73.86%	70.71%	76.88%	76.12%	77.35%	96.77%
Interest Burden Percent	80.21%	83.58%	73.85%	77.65%	74.47%	66.33%	56.90%	47.14%	72.16%	56.25%	168.22%
Effective Tax Rate	26.54%	23.36%	16.44%	23.47%	24.63%	26.14%	29.29%	23.12%	23.88%	22.65%	0.00%
Return on Invested Capital (ROIC)	30.72%	33.95%	11.28%	11.08%	12.96%	8.06%	5.45%	5.83%	9.74%	5.70%	-3.73%
ROIC Less NNEP Spread (ROIC-NNEP)	27.03%	30.20%	9.21%	9.55%	10.74%	6.31%	3.72%	3.80%	7.72%	4.12%	-6.47%
Return on Net Nonoperating Assets (RNNOA)	17.21%	15.28%	6.01%	5.78%	5.47%	3.98%	2.16%	2.25%	4.06%	2.77%	-4.12%
Return on Equity (ROE)	47.93%	49.23%	17.28%	16.86%	18.42%	12.04%	7.61%	8.08%	13.79%	8.47%	-7.84%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	20.21%	17.51%	15.79%	-15.06%	-12.84%	-15.45%	-16.61%	7.05%	5.31%
Operating Return on Assets (OROA)	15.55%	16.39%	9.59%	10.83%	13.13%	8.40%	5.30%	5.65%	9.58%	5.51%	-3.63%
Return on Assets (ROA)	9.16%	10.50%	5.92%	6.44%	7.37%	4.11%	2.13%	2.05%	5.26%	2.40%	-5.91%
Return on Common Equity (ROCE)	47.93%	49.23%	17.28%	16.86%	18.42%	12.04%	7.61%	8.08%	13.79%	8.47%	-7.84%
Return on Equity Simple (ROE_SIMPLE)	13.89%	13.95%	0.00%	15.01%	14.18%	11.49%	0.00%	7.78%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	64	71	51	48	59	43	27	29	51	32	-19
NOPAT Margin	9.24%	10.43%	7.53%	7.53%	8.67%	5.92%	3.97%	4.32%	7.01%	4.62%	-2.94%
Net Nonoperating Expense Percent (NNEP)	3.69%	3.75%	2.07%	1.53%	2.22%	1.75%	1.73%	2.03%	2.02%	1.58%	2.74%
Return On Investment Capital (ROIC_SIMPLE)	-	-	2.68%	2.48%	-	-	1.15%	1.21%	2.17%	1.38%	-0.82%
Cost of Revenue to Revenue	66.02%	64.93%	67.05%	67.92%	65.85%	66.86%	69.55%	69.38%	67.20%	68.78%	74.01%
SG&A Expenses to Revenue	20.39%	20.71%	22.51%	21.60%	21.69%	23.16%	22.81%	23.32%	21.81%	23.97%	28.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.41%	21.45%	23.94%	22.24%	22.65%	25.12%	24.19%	25.00%	23.59%	25.25%	30.19%
Earnings before Interest and Taxes (EBIT)	87	93	59	63	81	59	35	37	68	42	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	103	109	77	80	105	80	60	60	93	66	-2.10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.35	1.59	1.95	1.49	1.82	1.43	1.28	1.01	1.26	1.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	226.43	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.47	0.55	0.70	0.89	0.70	0.87	0.68	0.62	0.50	0.63	0.53
Price to Earnings (P/E)	9.21	9.64	10.45	13.00	10.52	15.86	14.68	16.49	14.71	21.16	54.04
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.86%	10.37%	9.57%	7.69%	9.50%	6.30%	6.81%	6.06%	6.80%	4.73%	1.85%
Enterprise Value to Invested Capital (EV/IC)	1.17	1.23	1.40	1.66	1.35	1.47	1.25	1.16	1.01	1.16	1.05
Enterprise Value to Revenue (EV/Rev)	0.70	0.76	0.90	1.10	0.89	1.22	1.01	0.96	0.81	0.94	0.82
Enterprise Value to EBITDA (EV/EBITDA)	6.88	6.57	6.64	8.01	6.42	9.67	8.44	8.60	7.71	9.30	10.31
Enterprise Value to EBIT (EV/EBIT)	8.76	8.19	8.10	9.79	8.05	12.62	11.50	12.39	11.36	14.31	18.55
Enterprise Value to NOPAT (EV/NOPAT)	12.22	10.95	10.53	12.65	10.44	16.50	15.52	16.77	15.16	18.67	32.55
Enterprise Value to Operating Cash Flow (EV/OCF)	6.00	4.71	6.07	8.15	7.73	13.42	9.37	10.84	9.05	11.56	11.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	6.69	9.23	8.44	0.00	0.00	0.00	0.00	16.45	19.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.74	0.61	0.59	0.58	0.55	0.83	0.78	0.81	0.73	0.69	0.72
Long-Term Debt to Equity	0.71	0.60	0.58	0.55	0.55	0.83	0.78	0.81	0.73	0.69	0.72
Financial Leverage	0.64	0.51	0.65	0.61	0.51	0.63	0.58	0.59	0.53	0.67	0.64
Leverage Ratio	2.19	2.06	2.23	2.16	2.05	2.18	2.13	2.11	2.06	2.23	2.28
Compound Leverage Factor	1.76	1.72	1.65	1.68	1.53	1.45	1.21	1.00	1.48	1.26	3.84
Debt to Total Capital	42.40%	37.96%	37.22%	36.55%	35.36%	45.21%	43.77%	44.75%	42.32%	40.82%	42.02%
Short-Term Debt to Total Capital	1.40%	0.44%	0.93%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	41.00%	37.52%	36.30%	35.16%	35.36%	45.21%	43.77%	44.75%	42.32%	40.82%	42.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	57.60%	62.04%	62.78%	63.45%	64.64%	54.79%	56.23%	55.25%	57.68%	59.18%	57.98%
Debt to EBITDA	2.64	2.17	1.91	1.92	1.86	3.11	3.11	3.47	3.41	3.43	4.50
Net Debt to EBITDA	2.29	1.80	1.51	1.50	1.35	2.79	2.74	3.10	3.00	3.02	3.65
Long-Term Debt to EBITDA	2.56	2.15	1.86	1.85	1.86	3.11	3.11	3.47	3.41	3.43	4.50
Debt to NOPAT	4.70	3.62	3.03	3.03	3.02	5.31	5.72	6.77	6.71	6.88	14.20
Net Debt to NOPAT	4.06	2.99	2.39	2.37	2.19	4.77	5.03	6.04	5.90	6.05	11.53
Long-Term Debt to NOPAT	4.54	3.58	2.96	2.92	3.02	5.31	5.72	6.77	6.71	6.88	14.20
Altman Z-Score	2.82	2.93	3.06	3.34	3.12	2.57	2.38	2.34	2.32	2.39	2.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.95	1.86	1.94	2.06	2.24	1.82	1.65	1.90	1.87	1.87	1.67
Quick Ratio	0.92	0.97	1.01	1.11	1.21	0.86	0.79	0.92	0.92	0.90	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,748	-1,671	185	134	113	-457	-402	-440	-430	51	27
Operating Cash Flow to CapEx	1,551.76%	1,439.39%	193.02%	267.14%	1,579.59%	565.04%	287.03%	-320.41%	468.51%	350.63%	253.35%
Free Cash Flow to Firm to Interest Expense	-101.65	-109.21	12.10	9.54	5.47	-22.87	-20.85	-22.66	-22.74	2.80	1.54
Operating Cash Flow to Interest Expense	7.67	9.31	4.52	1.33	3.76	4.04	5.96	-1.62	4.49	3.04	4.94
Operating Cash Flow Less CapEx to Interest Expense	7.17	8.67	2.18	0.83	3.52	3.33	3.89	-2.12	3.53	2.18	2.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.24	1.19	1.11	1.10	1.10	1.02	1.02	1.02	1.03	0.93	0.91
Accounts Receivable Turnover	12.79	12.13	11.07	10.69	11.88	12.05	13.71	12.22	12.85	12.69	16.02
Inventory Turnover	6.55	7.20	5.86	5.98	6.01	6.37	6.93	6.89	6.92	6.63	6.99
Fixed Asset Turnover	8.82	8.30	7.69	7.71	7.79	6.79	6.44	6.56	6.76	5.88	5.55
Accounts Payable Turnover	11.49	10.80	9.85	9.75	9.96	10.21	10.98	10.68	10.81	10.59	9.92
Days Sales Outstanding (DSO)	28.54	30.09	32.98	34.14	30.72	30.29	26.63	29.86	28.41	28.75	22.78
Days Inventory Outstanding (DIO)	55.71	50.68	62.30	61.05	60.70	57.26	52.67	52.99	52.71	55.09	52.20
Days Payable Outstanding (DPO)	31.76	33.81	37.06	37.44	36.63	35.74	33.24	34.17	33.76	34.47	36.79
Cash Conversion Cycle (CCC)	52.49	46.97	58.21	57.75	54.79	51.81	46.05	48.68	47.37	49.37	38.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,813	1,742	1,753	1,783	1,759	2,242	2,182	2,251	2,240	2,223	2,136
Invested Capital Turnover	3.33	3.25	1.50	1.47	1.49	1.36	1.37	1.35	1.39	1.24	1.27
Increase / (Decrease) in Invested Capital	1,813	1,742	-134	-86	-54	500	429	468	481	-19	-46
Enterprise Value (EV)	2,121	2,140	2,460	2,953	2,379	3,302	2,736	2,622	2,257	2,589	2,234
Market Capitalization	1,416	1,555	1,901	2,399	1,879	2,348	1,849	1,677	1,379	1,750	1,443
Book Value per Share	$8.62	$9.06	$9.42	$9.68	$9.91	$10.13	$10.19	$10.24	$10.74	$10.92	$10.61
Tangible Book Value per Share	($1.71)	($1.32)	($1.00)	($0.21)	$0.07	($3.30)	($3.69)	($3.01)	($3.12)	($2.34)	($4.10)
Total Capital	1,923	1,864	1,902	1,937	1,948	2,350	2,303	2,365	2,360	2,338	2,319
Total Debt	815	708	708	708	689	1,062	1,008	1,058	999	954	975
Total Long-Term Debt	788	699	690	681	689	1,062	1,008	1,058	999	954	975
Net Debt	705	585	559	554	500	954	887	945	879	839	791
Capital Expenditures (CapEx)	8.50	9.90	36	7.00	4.90	14	40	9.80	18	16	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	271	202	197	235	224	200	135	213	201	205	97
Debt-free Net Working Capital (DFNWC)	381	324	345	389	413	309	255	327	321	320	280
Net Working Capital (NWC)	354	316	328	362	413	309	255	327	321	320	280
Net Nonoperating Expense (NNE)	13	11	15	11	13	13	13	15	14	14	23
Net Nonoperating Obligations (NNO)	705	585	559	554	500	954	887	945	879	839	791
Total Depreciation and Amortization (D&A)	16	16	18	16	24	21	25	24	25	24	24
Debt-free, Cash-free Net Working Capital to Revenue	8.97%	7.12%	7.22%	8.76%	8.38%	7.38%	4.99%	7.83%	7.24%	7.44%	3.54%
Debt-free Net Working Capital to Revenue	12.63%	11.45%	12.67%	14.47%	15.48%	11.38%	9.45%	12.00%	11.56%	11.61%	10.25%
Net Working Capital to Revenue	11.74%	11.16%	12.02%	13.47%	15.48%	11.38%	9.45%	12.00%	11.56%	11.61%	10.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.40	$0.47	$0.28	$0.30	$0.36	$0.23	$0.10	$0.10	$0.29	$0.14	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	128.40M	127.60M	127.80M	127M	127M	127.10M	127.10M	127.50M	126.80M	126.70M	127M
Adjusted Diluted Earnings per Share	$0.39	$0.46	$0.28	$0.29	$0.35	$0.22	$0.10	$0.10	$0.29	$0.14	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	129.90M	130.30M	129.90M	130.50M	130.70M	130.80M	130.90M	130.70M	129.10M	129.50M	129.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	127.68M	126.76M	127.00M	127.00M	127.07M	127.10M	127.65M	126.74M	126.73M	126.78M	127.54M
Normalized Net Operating Profit after Tax (NOPAT)	66	72	56	48	61	48	31	32	56	34	-18
Normalized NOPAT Margin	9.56%	10.59%	8.27%	7.58%	8.98%	6.73%	4.71%	4.87%	7.70%	4.90%	-2.80%
Pre Tax Income Margin	10.03%	11.50%	6.38%	7.68%	8.88%	5.49%	2.97%	2.62%	6.70%	3.35%	-6.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.05	6.09	3.82	4.48	3.92	2.97	1.80	1.89	3.59	2.29	-1.47
NOPAT to Interest Expense	3.73	4.62	3.33	3.41	2.85	2.13	1.37	1.47	2.71	1.77	-1.08
EBIT Less CapEx to Interest Expense	4.56	5.44	1.48	3.98	3.68	2.26	-0.27	1.39	2.63	1.42	-3.41
NOPAT Less CapEx to Interest Expense	3.24	3.97	0.99	2.91	2.61	1.41	-0.70	0.97	1.75	0.90	-3.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	2.67%	9.67%	12.09%	12.79%	13.66%	8.72%	5.16%	16.03%	19.32%	21.89%	67.79%

Financials Breakdown Chart

Key Financial Trends

MarketBeat’s quick read on MasterBrand, Inc. (NYSE: MBC) uses the last four years of quarterly data to highlight profitability, cash flow, and balance-sheet trends relevant to retail investors. The focus below is on the most impactful takeaways, with positives first, then neutral items, then negatives.

Positive operating cash flow: In 2025, Cash Flow from Continuing Operating Activities was positive in multiple quarters (Q2: $84.8M; Q3: $55.4M; Q4: $86.9M), indicating ongoing cash generation despite earnings volatility.
Strong working-capital contribution in Q4 2025: Net cash from continuing operating activities rose to $86.9M, aided by Changes in Operating Assets and Liabilities netting about $91.8M of cash.
Financing liquidity support in Q4 2025: Issuance of Debt of $90.0M helped produce a positive net financing cash flow of about $14.1M for the quarter.
Healthy near-term liquidity indicators: Through 2025, total current assets were roughly $689–690M and total current liabilities around $360–370M, yielding a current ratio near 1.8x–1.9x in recent quarters.
Revenue and margin trends show variation: 2025 quarterly revenue hovered in the mid-to-high $600M range, with Q4 2025 revenue of $644.6M versus Q4 2024’s $667.7M, suggesting a softening relative to prior-year periods.
Profitability remains volatile: Q3 2025 posted a positive net income to common shareholders (~$18.1M), while Q4 2025 swung to a net loss (~$42.0M), indicating earnings quality and mix challenges.
Asset mix is sizable but potentially impairment-sensitive: Goodwill about $1.13B and intangible assets around $0.56B in 2025 reflect a capital-intensive base that could face impairment risk if demand softens.
Earnings per share and share count show variability: Weighted-average shares about 127–129M; Q4 2025 Basic EPS was -$0.32 while Q3 2025 was +$0.14, highlighting quarterly earnings fragility around a mid-to-upper-100M share base.
Q4 2025 profitability deteriorated: Operating income fell to -$27.1M in Q4 2025, despite gross profit of $167.5M, with SG&A of $186.9M and a restructuring charge contributing to the decline.
Net income decline in the latest quarter: Q4 2025 Net Income / (Loss) Attributable to Common Shareholders = -$42.0M, contrasting with earlier quarters of 2025 and prior years.
Persistent leverage and interest costs: Long-term debt remained high (roughly $0.95B–$1.06B across 2025) with annualized interest expenses around $18M in recent quarters, weighing on margins.

05/06/26 04:51 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About MasterBrand's Financials

When does MasterBrand's fiscal year end?

According to the most recent income statement we have on file, MasterBrand's financial year ends in December. Their financial year 2025 ended on December 28, 2025.

How has MasterBrand's net income changed over the last 4 years?

MasterBrand's net income appears to be on a downward trend, with a most recent value of $26.70 million in 2025, falling from $182.60 million in 2021. The previous period was $125.90 million in 2024. Find out what analysts predict for MasterBrand in the coming months.

What is MasterBrand's operating income?

MasterBrand's total operating income in 2025 was $119 million, based on the following breakdown:

Total Gross Profit: $827.60 million
Total Operating Expenses: $708.60 million

How has MasterBrand's revenue changed over the last 4 years?

Over the last 4 years, MasterBrand's total revenue changed from $2.86 billion in 2021 to $2.73 billion in 2025, a change of -4.2%.

How much debt does MasterBrand have?

MasterBrand's total liabilities were at $1.76 billion at the end of 2025, a 7.4% increase from 2024, and a 15.5% increase since 2022.

How much cash does MasterBrand have?

In the past 3 years, MasterBrand's cash and equivalents has ranged from $101.10 million in 2022 to $183.30 million in 2025, and is currently $183.30 million as of their latest financial filing in 2025.

How has MasterBrand's book value per share changed over the last 4 years?

Over the last 4 years, MasterBrand's book value per share changed from 0.00 in 2021 to 10.61 in 2025, a change of 1,060.6%.

Related Companies

Financial statements for NYSE:MBC last updated on 2/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

MasterBrand (MBC) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About MasterBrand's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

MasterBrand (MBC) Financials

Annual Income Statements for MasterBrand

Quarterly Income Statements for MasterBrand

Annual Cash Flow Statements for MasterBrand

Quarterly Cash Flow Statements for MasterBrand

Annual Balance Sheets for MasterBrand

Quarterly Balance Sheets for MasterBrand

Annual Metrics And Ratios for MasterBrand

Quarterly Metrics And Ratios for MasterBrand

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About MasterBrand's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools