NYSE: MAS
Masco
Industrials · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$13.0B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $10.1B |
| FY2017, ended Dec 31, 2017 | $13.8B |
| FY2018, ended Dec 31, 2018 | $8.61B |
| FY2019, ended Dec 31, 2019 | $13.3B |
| FY2020, ended Dec 31, 2020 | $14.1B |
| FY2021, ended Dec 31, 2021 | $16.8B |
| FY2022, ended Dec 31, 2022 | $10.5B |
| FY2023, ended Dec 31, 2023 | $14.7B |
| FY2024, ended Dec 31, 2024 | $15.4B |
| FY2025, ended Dec 31, 2025 | $12.9B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $13.0B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$7.67B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $7.36B |
| FY2017, ended Dec 31, 2017 | $7.64B |
| FY2018, ended Dec 31, 2018 | $6.65B |
| FY2019, ended Dec 31, 2019 | $6.71B |
| FY2020, ended Dec 31, 2020 | $7.19B |
| FY2021, ended Dec 31, 2021 | $8.38B |
| FY2022, ended Dec 31, 2022 | $8.68B |
| FY2023, ended Dec 31, 2023 | $7.97B |
| FY2024, ended Dec 31, 2024 | $7.83B |
| FY2025, ended Dec 31, 2025 | $7.56B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $7.67B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $493M | $609M |
| FY2017, ended Dec 31, 2017 | $533M | $578M |
| FY2018, ended Dec 31, 2018 | $734M | $813M |
| FY2019, ended Dec 31, 2019 | $935M | $671M |
| FY2020, ended Dec 31, 2020 | $1.22B | $839M |
| FY2021, ended Dec 31, 2021 | $410M | $802M |
| FY2022, ended Dec 31, 2022 | $844M | $616M |
| FY2023, ended Dec 31, 2023 | $908M | $1.17B |
| FY2024, ended Dec 31, 2024 | $822M | $907M |
| FY2025, ended Dec 31, 2025 | $810M | $866M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $926M | $1.04B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$610M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $990M |
| FY2017, ended Dec 31, 2017 | $1.19B |
| FY2018, ended Dec 31, 2018 | $552M |
| FY2019, ended Dec 31, 2019 | $697M |
| FY2020, ended Dec 31, 2020 | $1.33B |
| FY2021, ended Dec 31, 2021 | $926M |
| FY2022, ended Dec 31, 2022 | $452M |
| FY2023, ended Dec 31, 2023 | $634M |
| FY2024, ended Dec 31, 2024 | $634M |
| FY2025, ended Dec 31, 2025 | $647M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $610M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$3.25B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.00B |
| FY2017, ended Dec 31, 2017 | $3.20B |
| FY2018, ended Dec 31, 2018 | $2.99B |
| FY2019, ended Dec 31, 2019 | $2.77B |
| FY2020, ended Dec 31, 2020 | $2.80B |
| FY2021, ended Dec 31, 2021 | $2.97B |
| FY2022, ended Dec 31, 2022 | $3.36B |
| FY2023, ended Dec 31, 2023 | $2.95B |
| FY2024, ended Dec 31, 2024 | $2.95B |
| FY2025, ended Dec 31, 2025 | $2.95B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $3.25B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 39.8% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.193M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 320M |
| FY2017, ended Dec 31, 2017 | 313M |
| FY2018, ended Dec 31, 2018 | 294M |
| FY2019, ended Dec 31, 2019 | 278M |
| FY2020, ended Dec 31, 2020 | 257M |
| FY2021, ended Dec 31, 2021 | 240M |
| FY2022, ended Dec 31, 2022 | 225M |
| FY2023, ended Dec 31, 2023 | 220M |
| FY2024, ended Dec 31, 2024 | 212M |
| FY2025, ended Dec 31, 2025 | 204M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 193M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $1.07B more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | $459M | $29.0M | $1.00M |
| FY2017, ended Dec 31, 2017 | $331M | $38.0M | $0 |
| FY2018, ended Dec 31, 2018 | $654M | $27.0M | $0 |
| FY2019, ended Dec 31, 2019 | $896M | $35.0M | — |
| FY2020, ended Dec 31, 2020 | $727M | $45.0M | — |
| FY2021, ended Dec 31, 2021 | $1.03B | $61.0M | — |
| FY2022, ended Dec 31, 2022 | $914M | $49.0M | — |
| FY2023, ended Dec 31, 2023 | $353M | $31.0M | — |
| FY2024, ended Dec 31, 2024 | $751M | $39.0M | — |
| FY2025, ended Dec 31, 2025 | $571M | $30.0M | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.07B | — | — |
Revenue (TTM)
$7.67B
+0.9% YoY
Net income (TTM)
$926M
+12.0% YoY
Cash
$610M
+9.1% YoY
Total debt
$3.25B
+10.2% YoY
Valuation
At current price- Market Cap
- $15.5B
- P/E
- 16.8×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.0×
- Price / Book
- n/m. Market cap / shareholders' equity
- EV / EBITDA
- 11.9×
Growth
Trailing 12 months- Revenue (TTM)
- $7.67B
- Revenue Growth YoY
- 0.9%
- Revenue CAGR 3Y
- −4.5%
- Revenue CAGR 5Y
- 1.0%
- EPS Growth YoY
- 17.9%
- Net Income Growth YoY
- 12.0%
Profitability
Trailing 12 months- Gross Margin
- 37.5%
- Operating Margin
- 17.9%
- Net Margin
- 12.1%
- FCF Margin
- 13.6%
- Return on Equity
- n/m. Net income (TTM) / average equity
Earnings
Trailing 12 months- Net Income
- $926M
- EPS (diluted)
- $4.61
- EBITDA
- $1.52B
- Operating Income
- $1.37B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $610M
- Total Debt
- $3.25B
- Net Debt
- $2.64B
- Total Assets
- $5.34B
- Total Liabilities
- $5.53B
- Shareholders' Equity
- −$448M
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.21B
- Capital Expenditure
- $163M
- Free Cash Flow
- $1.04B
Dividends and risk
Last 12 months- Dividend Yield
- 1.6%
- Dividend / Share
- $1.27
- Beta (5Y)
- 1.29
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $7.67B.
Note
Net margin of 12.1% over the last 12 months.
Note
Net debt of $2.64B is 1.7× EBITDA.
Note
Free cash flow of $1.04B, 13.6% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 28, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K49Some concerns
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 10, 2026 · Read the filing on EDGAR
- Sales fell 3% to $7.56 billion on lower volumes, and operating profit fell 8% to $1.25 billion as tariff and commodity costs rose.
- Net income slipped only 1% to $810 million because 2024 included an $88 million loss on selling Kichler; earnings per share rose 3% on fewer shares.
- Masco began restructuring in late 2025, expects about $50 million more charges in 2026, and will move Liberty Hardware into its Delta Faucet business.
- The board approved a new $2.0 billion buyback, plans about $600 million of 2026 repurchases, and intends a smaller 3% dividend increase.
Business momentum
Weakening
“Our operating profit for 2025 was $1,248 million, which decreased eight percent”
Outlook
Cautious
“Due to changing market conditions, we are experiencing, and may continue to experience, lower market demand for our products.”
Financial stress
Low
“We were in compliance with all covenants and no borrowings were outstanding under our 2022 Credit Agreement as of December 31, 2025.”
Tone against the previous report
More negative
Red flags
None found in this report.
Positives
Strong cash generation continued
“Net cash provided by operations was $1,022 million”
Plumbing sales grew on higher prices
“Net sales in the Plumbing Products segment increased three percent in 2025.”
Shareholder returns continue, with a new buyback authorization
“Effective February 10, 2026, our Board of Directors authorized the repurchase, for retirement, of up to $2.0 billion of shares of our common stock”
Concerns
Tariffs are significantly raising costs, mainly in plumbing
“we have been experiencing, and may continue to experience, significantly higher costs to us, principally in our Plumbing Products segment, due to the recently enacted tariffs, particularly those related to China”
Lower sales volumes across the company
“Our net sales for 2025 decreased primarily due to lower sales volume across the entire company which decreased sales by four percent”
Decorative Architectural sales fell sharply
“Net sales in the Decorative Architectural Products segment decreased 14 percent in 2025, primarily due to lower sales volume which decreased net sales by eight percent and the divestiture of Kichler which decreased net sales by six percent.”
New risks since the previous report
Restructuring and reorganization must be carried out well
“In the fourth quarter of 2025, we began implementing various restructuring actions to further streamline our business, reduce headcount, and optimize operations.”
Artificial intelligence could make cyberattacks more frequent and sophisticated
“more frequent, sophisticated and targeted attacks, which may be increasingly exacerbated by the proliferation of and advance in artificial intelligence”
Confidential business information could leak through unauthorized AI use
“we may be harmed if our proprietary or confidential information regarding our business is exposed through the unauthorized use of artificial intelligence technologies”
Biggest risks named
- Dependence on cyclical home repair, remodeling and new home construction
- Lower consumer demand for products
- Tariff, raw material and other cost increases that may not be passed on
- Sales concentration, with The Home Depot at about 38% of sales
- Reliance on suppliers and international supply chains
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −6 | |
| Outlook | −2 | |
| Tone against the previous report | −2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 49 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 28, 2026 | Pro | |||
| 10-K | Feb 10, 2026 | 49 | Weakening | None | |
| 10-K | Feb 11, 2025 | 56 | Stable | 1 minor | |
| 10-K | Feb 8, 2024 | 55 | Mixed | None | |
| 10-K | Feb 9, 2023 | 51 | Mixed | 1 minor | |
| 10-K | Feb 8, 2022 | 38 | Sharp deterioration | 1 minor | |
| 10-K | Feb 9, 2021 | 75 | Strong improvement | None | |
| 10-K | Feb 11, 2020 | 62 | Stable | None | |
| 10-K | Feb 7, 2019 | 75 | Strong improvement | None | |
| 10-K | Feb 8, 2018 | 67 | Improving | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 28, 2026. View filings on SEC EDGAR