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MasterBrand (MBC) Financials

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$9.15 +0.28 (+3.10%)
Closing price 03:59 PM Eastern
Extended Trading
$9.18 +0.02 (+0.22%)
As of 04:10 PM Eastern
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Annual Income Statements for MasterBrand

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

Quarterly Income Statements for MasterBrand

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/29/2026
Net Income / (Loss) Attributable to Common Shareholders		 60 36 38 45 29 14 13 37 18 -42 -15
Consolidated Net Income / (Loss)		 60 36 38 45 29 14 13 37 18 -42 -15
Net Income / (Loss) Continuing Operations		 60 36 38 45 29 14 13 37 18 -42 -15
Total Pre-Tax Income 		78 43 49 60 39 20 17 49 23 -43 -36
Total Operating Income		 92 61 63 78 58 38 37 67 42 -27 -19
Total Gross Profit		 238 223 205 231 238 203 202 240 218 168 157
Total Revenue		 677 677 638 677 718 668 660 731 699 645 618
Operating Revenue		 677 677 638 677 718 668 660 731 699 645 618
Total Cost of Revenue		 440 454 433 446 480 464 458 491 481 477 461
Operating Cost of Revenue		 440 454 433 446 480 464 458 491 481 477 461
Total Operating Expenses		 145 162 142 153 180 162 165 172 177 195 175
Selling, General & Admin Expense		 140 152 138 147 166 152 154 159 168 187 156
Amortization Expense		 3.60 3.70 3.70 3.70 6.30 6.50 6.40 6.40 6.40 6.40 6.40
Restructuring Charge		 1.40 6.00 0.40 2.80 7.80 7.00 4.70 6.60 2.60 1.30 13
Total Other Income / (Expense), net		 -14 -18 -14 -18 -18 -22 -20 -18 -18 -16 -18
Interest Expense		 15 15 14 21 20 19 19 19 18 18 18
Other Income / (Expense), net		 1.00 -2.50 0.30 2.90 1.80 -2.70 -0.40 0.60 -0.10 1.30 0.80
Income Tax Expense		 18 7.10 12 15 10 5.80 4.00 12 5.30 -1.40 -21
Basic Earnings per Share		 $0.47 $0.28 $0.30 $0.36 $0.23 $0.10 $0.10 $0.29 $0.14 ($0.32) ($0.12)
Weighted Average Basic Shares Outstanding		 127.60M 127.80M 127M 127M 127.10M 127.10M 127.50M 126.80M 126.70M 127M 127.50M
Diluted Earnings per Share		 $0.46 $0.28 $0.29 $0.35 $0.22 $0.10 $0.10 $0.29 $0.14 ($0.32) ($0.12)
Weighted Average Diluted Shares Outstanding		 130.30M 129.90M 130.50M 130.70M 130.80M 130.90M 130.70M 129.10M 129.50M 129.20M 127.50M
Weighted Average Basic & Diluted Shares Outstanding		 126.76M 127.00M 127.00M 127.07M 127.10M 127.65M 126.74M 126.73M 126.78M 127.54M 127.98M

Annual Cash Flow Statements for MasterBrand

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

Quarterly Cash Flow Statements for MasterBrand

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/29/2026
Net Change in Cash & Equivalents		 12 26 5.00 36 -80 12 -7.50 6.60 -5.30 69 -46
Net Cash From Operating Activities		 143 69 19 77 81 115 -31 85 55 87 -133
Net Cash From Continuing Operating Activities		 143 69 19 77 81 115 -32 85 55 87 -133
Net Income / (Loss) Continuing Operations		 60 36 38 45 29 14 13 37 18 -42 -15
Consolidated Net Income / (Loss)		 60 36 38 45 29 14 13 37 18 -42 -15
Depreciation Expense		 12 14 12 14 14 18 16 18 17 17 16
Amortization Expense		 4.30 4.20 4.20 11 7.00 7.20 7.10 7.10 7.10 7.00 7.10
Non-Cash Adjustments To Reconcile Net Income		 2.50 12 3.50 7.70 9.90 14 7.90 7.50 2.40 13 10
Changes in Operating Assets and Liabilities, net		 64 2.70 -39 0.20 21 62 -77 15 11 92 -151
Net Cash From Investing Activities		 -9.90 -36 -7.00 -4.90 -530 -39 -9.80 -15 -16 -34 -13
Net Cash From Continuing Investing Activities		 -9.90 -36 -7.00 -4.90 -530 -39 -9.80 -15 -16 -34 -13
Purchase of Property, Plant & Equipment		 -10 -36 -7.00 -11 -16 -46 -9.80 -18 -16 -34 -13
Sale of Property, Plant & Equipment		 0.10 0.10 - 6.40 2.00 6.20 0.00 - 0.10 0.10 0.20
Net Cash From Financing Activities		 -120 -7.80 -7.10 -33 372 -62 34 -68 -46 14 102
Net Cash From Continuing Financing Activities		 -120 -7.80 -7.10 -33 372 -62 34 -68 -46 14 102
Repayment of Debt		 -109 -200 -0.60 -728 -58 -96 -46 -81 -81 -72 -42
Repurchase of Common Equity		 -12 -6.40 -1.60 -4.90 - - -11 -6.70 - - 0.00
Issuance of Debt		 - 200 0.00 700 430 40 95 20 35 90 150
Other Financing Activities, net		 -0.10 -1.00 -4.90 -0.20 -0.20 -6.10 -4.50 -0.10 -0.20 -3.50 -6.70
Effect of Exchange Rate Changes		 -0.20 0.70 0.40 -3.60 - - 0.20 3.80 0.90 1.80 -1.10

Annual Balance Sheets for MasterBrand

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		 350 396 571 548
Other Noncurrent Operating Assets		 73 27 101 226
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
Capital Lease Obligations		 - - - 175
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 15
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

Quarterly Balance Sheets for MasterBrand

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 Q1 2026
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 3/29/2026
Total Assets		 2,508 2,424 2,378 2,400 2,427 2,960 2,956 2,957 3,002 3,117
Total Current Assets		 811 728 684 703 745 687 689 690 690 735
Cash & Equivalents		 116 110 123 154 189 108 114 120 115 138
Accounts Receivable		 278 236 234 224 214 216 221 219 218 218
Inventories, net		 350 320 269 248 270 299 289 277 272 272
Other Current Assets		 66 63 59 77 72 63 66 74 84 107
Plant, Property, & Equipment, net		 344 342 342 353 343 457 476 478 481 494
Total Noncurrent Assets		 1,354 1,354 1,353 1,344 1,339 1,817 1,791 1,789 1,831 1,888
Goodwill		 924 925 925 924 924 1,129 1,126 1,128 1,127 1,127
Intangible Assets		 408 403 400 331 327 578 565 628 553 541
Other Noncurrent Operating Assets		 22 26 28 89 88 109 99 34 151 220
Total Liabilities & Shareholders' Equity		 2,508 2,424 2,378 2,400 2,427 2,960 2,956 2,957 3,002 3,117
Total Liabilities		 1,462 1,316 1,222 1,171 1,168 1,673 1,649 1,596 1,618 1,796
Total Current Liabilities		 389 374 368 340 332 378 363 369 370 354
Accounts Payable		 203 182 180 164 174 175 182 177 183 175
Other Current Liabilities		 164 165 180 150 159 203 180 192 187 179
Total Noncurrent Liabilities		 1,073 942 854 831 836 1,294 1,287 1,228 1,249 1,442
Long-Term Debt		 917 788 699 681 689 1,062 1,058 999 954 1,085
Capital Lease Obligations		 - - - - - - - - - 171
Noncurrent Deferred & Payable Income Tax Liabilities		 84 85 84 82 82 154 158 155 173 166
Noncurrent Employee Benefit Liabilities		 12 12 12 8.30 8.30 7.50 3.60 3.80 3.60 3.80
Other Noncurrent Operating Liabilities		 59 56 58 59 57 70 67 71 118 16
Commitments & Contingencies		 0.00 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 1,321
Total Preferred & Common Equity		 1,046 1,108 1,157 1,229 1,259 1,288 1,307 1,361 1,384 1,321
Total Common Equity		 1,046 1,108 1,157 1,229 1,259 1,288 1,307 1,361 1,384 1,321
Common Stock		 6.20 10 15 23 30 36 46 52 56 61
Retained Earnings		 1,058 1,109 1,168 1,242 1,287 1,316 1,344 1,381 1,399 1,342
Treasury Stock		 -2.80 -7.40 -19 -33 -38 -38 -60 -67 -67 -77
Accumulated Other Comprehensive Income / (Loss)		 -15 -3.90 -7.40 -3.50 -21 -27 -23 -5.10 -4.90 -5.50

Annual Metrics And Ratios for MasterBrand

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%

Quarterly Metrics And Ratios for MasterBrand

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 3/29/2026
DEI Shares Outstanding		 - - - - - - - - - - 127,537,368.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 127,537,368.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.12
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -21.10% -13.68% -5.70% -2.68% 6.02% -1.39% 3.48% 8.04% -2.67% -3.46% -6.41%
EBITDA Growth		 19.04% 138.51% -1.97% 1.75% -26.69% -22.40% -24.28% -11.53% -18.08% -103.52% -90.53%
EBIT Growth		 25.95% 265.63% -3.37% -7.13% -36.27% -40.51% -41.84% -15.86% -29.97% -174.14% -148.23%
NOPAT Growth		 41.89% 322.47% 0.11% -8.66% -39.79% -47.98% -40.65% -12.64% -24.18% -171.54% -145.40%
Net Income Growth		 14.37% 134.42% 7.14% -11.52% -51.26% -61.22% -64.53% -17.66% -37.80% -400.00% -215.79%
EPS Growth		 12.20% 180.00% 7.41% -10.26% -52.17% -64.29% -65.52% -17.14% -36.36% -420.00% -220.00%
Operating Cash Flow Growth		 240.91% -41.29% -69.89% -41.32% -43.30% 66.57% -267.91% 9.56% -31.44% -24.50% -323.57%
Free Cash Flow Firm Growth		 0.00% 0.00% 107.38% 106.44% 72.62% -317.35% -426.92% -481.54% 111.14% 106.74% 54.58%
Invested Capital Growth		 0.00% -7.11% -4.62% -2.98% 28.71% 24.47% 26.25% 27.35% -0.83% -2.11% 8.29%
Revenue Q/Q Growth		 -2.56% -0.03% -5.76% 6.02% 6.15% -7.02% -1.11% 10.69% -4.38% -7.77% -4.13%
EBITDA Q/Q Growth		 6.11% -29.80% 3.52% 31.95% -23.55% -25.69% 1.01% 54.15% -29.20% -103.20% 371.43%
EBIT Q/Q Growth		 7.25% -37.23% 7.86% 27.89% -26.39% -41.41% 5.46% 85.01% -38.73% -162.02% 31.40%
NOPAT Q/Q Growth		 10.06% -27.86% -5.72% 22.01% -27.45% -37.67% 7.57% 79.62% -37.04% -158.81% 31.73%
Net Income Q/Q Growth		 16.60% -39.53% 3.88% 20.80% -35.76% -51.89% -5.00% 180.45% -51.47% -332.04% 63.33%
EPS Q/Q Growth		 17.95% -39.13% 3.57% 20.69% -37.14% -54.55% 0.00% 190.00% -51.72% -328.57% 62.50%
Operating Cash Flow Q/Q Growth		 8.04% -51.51% -72.94% 313.90% 4.39% 42.45% -127.28% 370.06% -34.67% 56.86% -253.05%
Free Cash Flow Firm Q/Q Growth		 4.44% 111.08% -27.39% -16.23% -506.12% 12.02% -9.22% 2.23% 111.86% -46.76% -835.90%
Invested Capital Q/Q Growth		 -3.92% 0.65% 1.73% -1.39% 27.46% -2.66% 3.19% -0.52% -0.75% -3.91% 14.15%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 35.07% 32.95% 32.08% 34.15% 33.14% 30.45% 30.62% 32.80% 31.22% 25.99% 25.34%
EBITDA Margin		 16.15% 11.34% 12.46% 15.51% 11.17% 8.93% 9.12% 12.70% 9.40% -0.33% 0.92%
Operating Margin		 13.61% 9.01% 9.84% 11.50% 8.02% 5.62% 5.62% 9.21% 5.97% -4.20% -2.99%
EBIT Margin		 13.76% 8.64% 9.89% 11.93% 8.27% 5.21% 5.56% 9.29% 5.95% -4.00% -2.86%
Profit (Net Income) Margin		 8.81% 5.33% 5.88% 6.70% 4.05% 2.10% 2.01% 5.10% 2.59% -6.52% -2.49%
Tax Burden Percent		 76.64% 83.56% 76.53% 75.37% 73.86% 70.71% 76.88% 76.12% 77.35% 96.77% 42.66%
Interest Burden Percent		 83.58% 73.85% 77.65% 74.47% 66.33% 56.90% 47.14% 72.16% 56.25% 168.22% 203.95%
Effective Tax Rate		 23.36% 16.44% 23.47% 24.63% 26.14% 29.29% 23.12% 23.88% 22.65% 0.00% 0.00%
Return on Invested Capital (ROIC)		 33.95% 11.28% 11.08% 12.96% 8.06% 5.45% 5.83% 9.74% 5.70% -3.73% -2.41%
ROIC Less NNEP Spread (ROIC-NNEP)		 30.20% 9.21% 9.55% 10.74% 6.31% 3.72% 3.80% 7.72% 4.12% -6.47% -2.64%
Return on Net Nonoperating Assets (RNNOA)		 15.28% 6.01% 5.78% 5.47% 3.98% 2.16% 2.25% 4.06% 2.77% -4.12% -2.08%
Return on Equity (ROE)		 49.23% 17.28% 16.86% 18.42% 12.04% 7.61% 8.08% 13.79% 8.47% -7.84% -4.48%
Cash Return on Invested Capital (CROIC)		 0.00% 20.21% 17.51% 15.79% -15.06% -12.84% -15.45% -16.61% 7.05% 5.31% -6.07%
Operating Return on Assets (OROA)		 16.39% 9.59% 10.83% 13.13% 8.40% 5.30% 5.65% 9.58% 5.51% -3.63% -2.54%
Return on Assets (ROA)		 10.50% 5.92% 6.44% 7.37% 4.11% 2.13% 2.05% 5.26% 2.40% -5.91% -2.21%
Return on Common Equity (ROCE)		 49.23% 17.28% 16.86% 18.42% 12.04% 7.61% 8.08% 13.79% 8.47% -7.84% -4.48%
Return on Equity Simple (ROE_SIMPLE)		 13.95% 0.00% 15.01% 14.18% 11.49% 0.00% 7.78% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 71 51 48 59 43 27 29 51 32 -19 -13
NOPAT Margin		 10.43% 7.53% 7.53% 8.67% 5.92% 3.97% 4.32% 7.01% 4.62% -2.94% -2.10%
Net Nonoperating Expense Percent (NNEP)		 3.75% 2.07% 1.53% 2.22% 1.75% 1.73% 2.03% 2.02% 1.58% 2.74% 0.24%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.68% 2.48% - - 1.15% 1.21% 2.17% 1.38% -0.82% -0.50%
Cost of Revenue to Revenue		 64.93% 67.05% 67.92% 65.85% 66.86% 69.55% 69.38% 67.20% 68.78% 74.01% 74.66%
SG&A Expenses to Revenue		 20.71% 22.51% 21.60% 21.69% 23.16% 22.81% 23.32% 21.81% 23.97% 28.99% 25.23%
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		 21.45% 23.94% 22.24% 22.65% 25.12% 24.19% 25.00% 23.59% 25.25% 30.19% 28.33%
Earnings before Interest and Taxes (EBIT)		 93 59 63 81 59 35 37 68 42 -26 -18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 109 77 80 105 80 60 60 93 66 -2.10 5.70
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.35 1.59 1.95 1.49 1.82 1.43 1.28 1.01 1.26 1.07 0.80
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 226.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.55 0.70 0.89 0.70 0.87 0.68 0.62 0.50 0.63 0.53 0.39
Price to Earnings (P/E)		 9.64 10.45 13.00 10.52 15.86 14.68 16.49 14.71 21.16 54.04 0.00
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		 10.37% 9.57% 7.69% 9.50% 6.30% 6.81% 6.06% 6.80% 4.73% 1.85% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.23 1.40 1.66 1.35 1.47 1.25 1.16 1.01 1.16 1.05 0.89
Enterprise Value to Revenue (EV/Rev)		 0.76 0.90 1.10 0.89 1.22 1.01 0.96 0.81 0.94 0.82 0.81
Enterprise Value to EBITDA (EV/EBITDA)		 6.57 6.64 8.01 6.42 9.67 8.44 8.60 7.71 9.30 10.31 13.43
Enterprise Value to EBIT (EV/EBIT)		 8.19 8.10 9.79 8.05 12.62 11.50 12.39 11.36 14.31 18.55 32.99
Enterprise Value to NOPAT (EV/NOPAT)		 10.95 10.53 12.65 10.44 16.50 15.52 16.77 15.16 18.67 32.55 49.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.71 6.07 8.15 7.73 13.42 9.37 10.84 9.05 11.56 11.42 23.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 6.69 9.23 8.44 0.00 0.00 0.00 0.00 16.45 19.47 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.61 0.59 0.58 0.55 0.83 0.78 0.81 0.73 0.69 0.72 0.95
Long-Term Debt to Equity		 0.60 0.58 0.55 0.55 0.83 0.78 0.81 0.73 0.69 0.72 0.95
Financial Leverage		 0.51 0.65 0.61 0.51 0.63 0.58 0.59 0.53 0.67 0.64 0.79
Leverage Ratio		 2.06 2.23 2.16 2.05 2.18 2.13 2.11 2.06 2.23 2.28 2.31
Compound Leverage Factor		 1.72 1.65 1.68 1.53 1.45 1.21 1.00 1.48 1.26 3.84 4.71
Debt to Total Capital		 37.96% 37.22% 36.55% 35.36% 45.21% 43.77% 44.75% 42.32% 40.82% 42.02% 48.75%
Short-Term Debt to Total Capital		 0.44% 0.93% 1.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 37.52% 36.30% 35.16% 35.36% 45.21% 43.77% 44.75% 42.32% 40.82% 42.02% 48.75%
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		 62.04% 62.78% 63.45% 64.64% 54.79% 56.23% 55.25% 57.68% 59.18% 57.98% 51.25%
Debt to EBITDA		 2.17 1.91 1.92 1.86 3.11 3.11 3.47 3.41 3.43 4.50 7.75
Net Debt to EBITDA		 1.80 1.51 1.50 1.35 2.79 2.74 3.10 3.00 3.02 3.65 6.89
Long-Term Debt to EBITDA		 2.15 1.86 1.85 1.86 3.11 3.11 3.47 3.41 3.43 4.50 7.75
Debt to NOPAT		 3.62 3.03 3.03 3.02 5.31 5.72 6.77 6.71 6.88 14.20 28.30
Net Debt to NOPAT		 2.99 2.39 2.37 2.19 4.77 5.03 6.04 5.90 6.05 11.53 25.18
Long-Term Debt to NOPAT		 3.58 2.96 2.92 3.02 5.31 5.72 6.77 6.71 6.88 14.20 28.30
Altman Z-Score		 2.93 3.06 3.34 3.12 2.57 2.38 2.34 2.32 2.39 2.07 1.95
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		 1.86 1.94 2.06 2.24 1.82 1.65 1.90 1.87 1.87 1.67 2.08
Quick Ratio		 0.97 1.01 1.11 1.21 0.86 0.79 0.92 0.92 0.90 0.80 1.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,671 185 134 113 -457 -402 -440 -430 51 27 -200
Operating Cash Flow to CapEx		 1,439.39% 193.02% 267.14% 1,579.59% 565.04% 287.03% -320.41% 468.51% 350.63% 253.35% -1,023.08%
Free Cash Flow to Firm to Interest Expense		 -109.21 12.10 9.54 5.47 -22.87 -20.85 -22.66 -22.74 2.80 1.54 -10.85
Operating Cash Flow to Interest Expense		 9.31 4.52 1.33 3.76 4.04 5.96 -1.62 4.49 3.04 4.94 -7.23
Operating Cash Flow Less CapEx to Interest Expense		 8.67 2.18 0.83 3.52 3.33 3.89 -2.12 3.53 2.18 2.99 -7.93
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.19 1.11 1.10 1.10 1.02 1.02 1.02 1.03 0.93 0.91 0.89
Accounts Receivable Turnover		 12.13 11.07 10.69 11.88 12.05 13.71 12.22 12.85 12.69 16.02 12.27
Inventory Turnover		 7.20 5.86 5.98 6.01 6.37 6.93 6.89 6.92 6.63 6.99 6.82
Fixed Asset Turnover		 8.30 7.69 7.71 7.79 6.79 6.44 6.56 6.76 5.88 5.55 5.55
Accounts Payable Turnover		 10.80 9.85 9.75 9.96 10.21 10.98 10.68 10.81 10.59 9.92 10.69
Days Sales Outstanding (DSO)		 30.09 32.98 34.14 30.72 30.29 26.63 29.86 28.41 28.75 22.78 29.74
Days Inventory Outstanding (DIO)		 50.68 62.30 61.05 60.70 57.26 52.67 52.99 52.71 55.09 52.20 53.53
Days Payable Outstanding (DPO)		 33.81 37.06 37.44 36.63 35.74 33.24 34.17 33.76 34.47 36.79 34.15
Cash Conversion Cycle (CCC)		 46.97 58.21 57.75 54.79 51.81 46.05 48.68 47.37 49.37 38.20 49.13
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,742 1,753 1,783 1,759 2,242 2,182 2,251 2,240 2,223 2,136 2,438
Invested Capital Turnover		 3.25 1.50 1.47 1.49 1.36 1.37 1.35 1.39 1.24 1.27 1.15
Increase / (Decrease) in Invested Capital		 1,742 -134 -86 -54 500 429 468 481 -19 -46 187
Enterprise Value (EV)		 2,140 2,460 2,953 2,379 3,302 2,736 2,622 2,257 2,589 2,234 2,178
Market Capitalization		 1,555 1,901 2,399 1,879 2,348 1,849 1,677 1,379 1,750 1,443 1,060
Book Value per Share		 $9.06 $9.42 $9.68 $9.91 $10.13 $10.19 $10.24 $10.74 $10.92 $10.61 $10.35
Tangible Book Value per Share		 ($1.32) ($1.00) ($0.21) $0.07 ($3.30) ($3.69) ($3.01) ($3.12) ($2.34) ($4.10) ($2.72)
Total Capital		 1,864 1,902 1,937 1,948 2,350 2,303 2,365 2,360 2,338 2,319 2,577
Total Debt		 708 708 708 689 1,062 1,008 1,058 999 954 975 1,256
Total Long-Term Debt		 699 690 681 689 1,062 1,008 1,058 999 954 975 1,256
Net Debt		 585 559 554 500 954 887 945 879 839 791 1,118
Capital Expenditures (CapEx)		 9.90 36 7.00 4.90 14 40 9.80 18 16 34 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 202 197 235 224 200 135 213 201 205 97 243
Debt-free Net Working Capital (DFNWC)		 324 345 389 413 309 255 327 321 320 280 381
Net Working Capital (NWC)		 316 328 362 413 309 255 327 321 320 280 381
Net Nonoperating Expense (NNE)		 11 15 11 13 13 13 15 14 14 23 2.45
Net Nonoperating Obligations (NNO)		 585 559 554 500 954 887 945 879 839 791 1,118
Total Depreciation and Amortization (D&A)		 16 18 16 24 21 25 24 25 24 24 23
Debt-free, Cash-free Net Working Capital to Revenue		 7.12% 7.22% 8.76% 8.38% 7.38% 4.99% 7.83% 7.24% 7.44% 3.54% 9.01%
Debt-free Net Working Capital to Revenue		 11.45% 12.67% 14.47% 15.48% 11.38% 9.45% 12.00% 11.56% 11.61% 10.25% 14.15%
Net Working Capital to Revenue		 11.16% 12.02% 13.47% 15.48% 11.38% 9.45% 12.00% 11.56% 11.61% 10.25% 14.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 $0.28 $0.30 $0.36 $0.23 $0.10 $0.10 $0.29 $0.14 ($0.32) ($0.12)
Adjusted Weighted Average Basic Shares Outstanding		 127.60M 127.80M 127M 127M 127.10M 127.10M 127.50M 126.80M 126.70M 127M 127.50M
Adjusted Diluted Earnings per Share		 $0.46 $0.28 $0.29 $0.35 $0.22 $0.10 $0.10 $0.29 $0.14 ($0.32) ($0.12)
Adjusted Weighted Average Diluted Shares Outstanding		 130.30M 129.90M 130.50M 130.70M 130.80M 130.90M 130.70M 129.10M 129.50M 129.20M 127.50M
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		 126.76M 127.00M 127.00M 127.07M 127.10M 127.65M 126.74M 126.73M 126.78M 127.54M 127.98M
Normalized Net Operating Profit after Tax (NOPAT)		 72 56 48 61 48 31 32 56 34 -18 -3.99
Normalized NOPAT Margin		 10.59% 8.27% 7.58% 8.98% 6.73% 4.71% 4.87% 7.70% 4.90% -2.80% -0.65%
Pre Tax Income Margin		 11.50% 6.38% 7.68% 8.88% 5.49% 2.97% 2.62% 6.70% 3.35% -6.73% -5.84%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.09 3.82 4.48 3.92 2.97 1.80 1.89 3.59 2.29 -1.47 -0.96
NOPAT to Interest Expense		 4.62 3.33 3.41 2.85 2.13 1.37 1.47 2.71 1.77 -1.08 -0.70
EBIT Less CapEx to Interest Expense		 5.44 1.48 3.98 3.68 2.26 -0.27 1.39 2.63 1.42 -3.41 -1.67
NOPAT Less CapEx to Interest Expense		 3.97 0.99 2.91 2.61 1.41 -0.70 0.97 1.75 0.90 -3.03 -1.41
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		 9.67% 12.09% 12.79% 13.66% 8.72% 5.16% 16.03% 19.32% 21.89% 67.79% -335.00%

Financials Breakdown Chart

Key Financial Trends

MasterBrand’s latest quarter showed a mixed but clearly pressured picture. In Q1 2026, revenue held at $618 million, but the company posted an operating loss of $18.5 million and a net loss of $15.4 million. Cash flow was also weak, with operating cash flow turning negative at $133 million for the quarter. Against the backdrop of the last four years, MasterBrand has shown periods of solid profitability, but the recent trend points to margin compression, heavier financing needs, and a more leveraged balance sheet.

  • Revenue remains sizable and relatively stable: Q1 2026 revenue of $618 million was broadly in line with recent quarters, showing the business still has meaningful scale.
  • Gross profit stayed positive: Q1 2026 gross profit was $156.6 million, indicating the company is still generating healthy margin at the manufacturing level before overhead and interest.
  • Balance sheet equity improved year over year: Total common equity rose to $1.32 billion in Q1 2026 from $1.31 billion in Q1 2025, helped by retained earnings growth.
  • Cash increased versus prior year: Cash and equivalents were $138.4 million in Q1 2026, up from $113.5 million in Q1 2025.
  • Debt has come down from recent peaks: Long-term debt fell to $1.08 billion in Q1 2026 from $1.06 billion in Q1 2025 and far below the much higher financing levels seen in 2023–2024 periods.
  • Seasonality remains significant: Quarterly results have been volatile, with strong quarters like Q3 2024 and Q2 2024 followed by weaker periods such as Q4 2025 and Q1 2026.
  • Restructuring charges continue to run through the P&L: These charges were $12.8 million in Q1 2026, suggesting ongoing efforts to streamline operations rather than a fully stabilized cost base.
  • Share count has been fairly stable: Basic shares outstanding in Q1 2026 were 127.5 million, close to recent quarters, so dilution has not been a major story lately.
  • Operating profitability deteriorated sharply in Q1 2026: The company moved from positive operating income in several 2024–2025 quarters to an $18.5 million operating loss in the latest quarter.
  • SG&A remained very high relative to gross profit: Selling, general and administrative expense was $155.9 million in Q1 2026, nearly matching gross profit and leaving little room for profit.
  • Interest expense is a major burden: Q1 2026 interest expense was $18.4 million, which pushed pre-tax loss deeper after the operating loss.
  • Operating cash flow turned negative: Q1 2026 operating cash flow was -$133 million, a sharp reversal from positive operating cash flow in many prior quarters.
  • Working capital consumed cash: Changes in operating assets and liabilities used $151.1 million in Q1 2026, a key driver of the cash outflow.
  • Leverage remains elevated: Total liabilities were $1.80 billion versus $1.32 billion of equity in Q1 2026, leaving the company with a debt-heavy capital structure.
  • Goodwill and intangibles make up a large portion of assets: Combined goodwill and intangible assets were about $1.67 billion in Q1 2026, which means a big part of the asset base is non-tangible and could be exposed if operations weaken further.

Bottom line: MasterBrand has maintained scale and still generates gross profit, but the recent trend is concerning. The latest quarter showed weaker margins, negative operating cash flow, and another loss, while interest expense and restructuring costs continue to weigh on results. Investors should watch for any signs that management can restore operating leverage and improve cash generation before the next leg higher in the stock.

06/16/26 12:29 AM ETAI Generated. May Contain Errors.

MasterBrand Financials - Frequently Asked Questions

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.

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. See MasterBrand's forecast for analyst expectations on what's next for the company.

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

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%.

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.

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.

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%.


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Financial statements for NYSE:MBC last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
Is SpaceX really worth 1.78 Trillion?
With SpaceX approaching a near-$2 trillion valuation, most investors are focused on the IPO itself - but analy...
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CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
The roadshow starts Monday. This stock isn't ready.
The SpaceX roadshow kicks off June 8. Goldman Sachs, the lead underwriter, will present the full S-1 to the wo...
Behind the Markets | Sponsoredtc pixel
SpaceX is chump change compared to Elon’s $20T ‘iPhone’
Early Apple investors saw peak gains as high as 7,537% after the iPhone launched. Now, multiple insider source...
StocksToTrade | Sponsoredtc pixel
Trump just signed it
A recent policy development is drawing attention from income-focused investors. According to one analyst, c...
Investors Alley | Sponsoredtc pixel