Masco (MAS)
Industrials · $13.6B market cap · SEC CIK 0000062996
fundamentals score out of 100
Next reports on Oct 27, 2026, before the open, with analysts expecting $1.04 in earnings per share.
The case for MAS
- Earns 17% a year on everything it owns (return on assets).
- Reasonably priced at 15.4× earnings.
- Pays a modest 1.9% dividend.
- Free-cash-flow yield of 6.4% is higher than 85% of Industrials companies.
The case against
- Revenue was flat on the year (-0.6%).
- Owes more than it owns: shareholder equity is -$185M, usually the result of buybacks funded with debt. ROE and price-to-book mean little here.
- The price trend is weak (38/100): -6.2% over a year, -8.9% over three months, 46% of the way up its 52-week range.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 81 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 27 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 58 |
| Momentumhow the price has behaved lately | 38 |
| Stabilityhow violently it moves, what it owes and what it pays you | 28 |
- Shareholder equity is negative, so return on equity, price-to-book and debt-to-equity are left out.
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 15.4× |
|---|---|
| Price / book | n/m (negative equity) |
| Price / sales | 1.8× |
| Revenue growth (YoY) | -0.6% |
| EPS growth (YoY) | +15.3% |
| Gross margin | 37% |
| Operating margin | 18% |
| Net margin | 12% |
| Return on assets | 16.7% (ROE not meaningful: negative equity) |
| Debt / equity | n/m (negative equity) |
| Current ratio | 1.86 |
| Dividend yield | 1.93% |
| Beta | 1.24 |
| 52-week range | $58.16 – $83.64 |
| Position in that range | 46% of the way up |
| 3-month return | -8.9% |
| 1-year return | -6.2% |
Five years of financials, as filed
Pulled from Masco's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $8.0B | $8.7B | $8.4B |
| Gross profit | $2.7B | $2.8B | $2.8B | $2.7B | $2.9B |
| Operating income | $1.2B | $1.4B | $1.3B | $1.3B | $1.4B |
| Net income | $810M | $822M | $908M | $844M | $410M |
| Operating cash flow | $1.0B | $1.1B | $1.4B | $840M | $930M |
| Capital expenditure | $156M | $168M | $243M | $224M | $128M |
| Total assets | $5.2B | $5.0B | $5.4B | $5.2B | $5.6B |
| Total liabilities | $5.1B | $5.1B | $5.2B | $5.4B | $5.5B |
| Shareholder equity | -$185M | -$279M | -$126M | -$480M | -$179M |
| Cash | $647M | $634M | $634M | $452M | $926M |
| Long-term debt | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B |
| Free cash flow | $866M | $907M | $1.2B | $616M | $802M |
| Gross margin | 35.4% | 36.2% | 35.6% | 31.3% | 34.2% |
| Operating margin | 16.5% | 17.4% | 16.9% | 14.9% | 16.8% |
| Net margin | 10.7% | 10.5% | 11.4% | 9.7% | 4.9% |
| Diluted shares | 210M | 219M | 226M | 232M | 251M |
Share count is down 16.3% over 4 years. Buybacks have been shrinking the pie.
What Masco says it does
Masco Corporation and its subsidiaries (the "Company") is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes BEHR® paint; DELTA® and HANSGROHE® faucets, bath and shower fixtures; LIBERTY® branded decorative and functional hardware; and HOT SPRING® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. We believe that our solid results of operations and financial position for 2025 resulted from our continued focus on our strategy to drive the full potential of our core businesses, leverage opportunities across our enterprise, and actively manage our portfolio. In 2025, we continued to return value to our shareholders by repurchasing approximately 8.5 million shares of our common stock and increasing our quarterly…
Risk factors MAS lists in its 10-K
- Our business strategy is focused on residential repair and remodeling activity and, to a lesser extent, on new home construction activity, both of which are impacted by a number of economic and other factors
- We may not achieve all of the anticipated benefits of our strategic initiatives
- We may not be able to successfully execute our acquisition strategy or integrate businesses that we acquire
- Variability in the cost and availability of our raw materials, components and finished products could impact our results of operations and financial position
- We are dependent on suppliers and service providers
- There are risks associated with our international operations and global strategies
- The long-term performance of our businesses relies on our ability to attract, develop and retain a talented and workforce
- Extreme weather events and changes in climate could adversely impact our results of operations and financial position
- Restrictive covenants in our credit agreement could limit our financial flexibility
- We could lose market share if we do not maintain our strong brands, develop innovative products or respond to changing consumer purchasing practices and preferences
- Damage to our public image and reputation could adversely impact our results of operations and financial position
- We face significant competition and operate in an evolving competitive landscape
- If we are unable to maintain our competitive position in our industries, our results of operations and financial position could be adversely impacted
- Technology and Intellectual Property Risks