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Masco

MAS Clue Score43
United States Fiscal year ends December CIK 0000062996
$68.75 -1.08% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $68.75 +21.15% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7,361.0Operating income1,087.0Net income493.0EPS, diluted1.48Fiscal year 2017Revenue6,014.0 −18.3%Operating income1,029.0Net income533.0 +8.1%EPS, diluted1.66 +12.2%Fiscal year 2018Revenue6,654.0 +10.6%Operating income1,077.0Net income734.0 +37.7%EPS, diluted2.37 +42.8%Fiscal year 2019Revenue6,707.0 +0.8%Operating income1,088.0Net income935.0 +27.4%EPS, diluted3.22 +35.9%Fiscal year 2020Revenue7,188.0 +7.2%Operating income1,295.0Net income1,224.0 +30.9%EPS, diluted4.59 +42.5%Fiscal year 2021Revenue8,375.0 +16.5%Operating income1,405.0Net income410.0 −66.5%EPS, diluted1.62 −64.7%Fiscal year 2022Revenue8,680.0 +3.6%Operating income1,297.0Net income844.0 +105.9%EPS, diluted3.63 +124.1%Fiscal year 2023Revenue7,967.0 −8.2%Operating income1,348.0Net income908.0 +7.6%EPS, diluted4.02 +10.7%Fiscal year 2024Revenue7,828.0 −1.7%Operating income1,363.0Net income822.0 −9.5%EPS, diluted3.76 −6.5%Fiscal year 2025Revenue7,562.0 −3.4%Operating income1,248.0Net income810.0 −1.5%EPS, diluted3.86 +2.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7,361.0 6,014.0 6,654.0 6,707.0 7,188.0 8,375.0 8,680.0 7,967.0 7,828.0 7,562.0
Growth −18.3% +10.6% +0.8% +7.2% +16.5% +3.6% −8.2% −1.7% −3.4%
Operating income 1,087.0 1,029.0 1,077.0 1,088.0 1,295.0 1,405.0 1,297.0 1,348.0 1,363.0 1,248.0
Net income 493.0 533.0 734.0 935.0 1,224.0 410.0 844.0 908.0 822.0 810.0
Growth +8.1% +37.7% +27.4% +30.9% −66.5% +105.9% +7.6% −9.5% −1.5%
EPS, diluted 1.48 1.66 2.37 3.22 4.59 1.62 3.63 4.02 3.76 3.86
Growth +12.2% +42.8% +35.9% +42.5% −64.7% +124.1% +10.7% −6.5% +2.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin33.4%Operating margin14.8%Net margin6.7%Free cash flow margin8.3%Fiscal year 2017Gross margin36.9%Operating margin17.1%Net margin8.9%Free cash flow margin9.6%Fiscal year 2018Gross margin35.0%Operating margin16.2%Net margin11.0%Free cash flow margin12.2%Fiscal year 2019Gross margin35.4%Operating margin16.2%Net margin13.9%Free cash flow margin10.0%Fiscal year 2020Gross margin36.0%Operating margin18.0%Net margin17.0%Free cash flow margin11.7%Fiscal year 2021Gross margin34.2%Operating margin16.8%Net margin4.9%Free cash flow margin9.6%Fiscal year 2022Gross margin31.3%Operating margin14.9%Net margin9.7%Free cash flow margin7.1%Fiscal year 2023Gross margin35.6%Operating margin16.9%Net margin11.4%Free cash flow margin14.7%Fiscal year 2024Gross margin36.2%Operating margin17.4%Net margin10.5%Free cash flow margin11.6%Fiscal year 2025Gross margin35.4%Operating margin16.5%Net margin10.7%Free cash flow margin11.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 33.4% 36.9% 35.0% 35.4% 36.0% 34.2% 31.3% 35.6% 36.2% 35.4%
Operating margin 14.8% 17.1% 16.2% 16.2% 18.0% 16.8% 14.9% 16.9% 17.4% 16.5%
Net margin 6.7% 8.9% 11.0% 13.9% 17.0% 4.9% 9.7% 11.4% 10.5% 10.7%
Free cash flow margin 8.3% 9.6% 12.2% 10.0% 11.7% 9.6% 7.1% 14.7% 11.6% 11.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow789.0Capital expenditure−180.0Free cash flow609.0Buybacks−459.0Dividends paid−128.0Fiscal year 2017Operating cash flow751.0Capital expenditure−173.0Free cash flow578.0 −5.1%Buybacks−331.0Dividends paid−129.0Fiscal year 2018Operating cash flow1,032.0Capital expenditure−219.0Free cash flow813.0 +40.7%Buybacks−654.0Dividends paid−134.0Fiscal year 2019Operating cash flow833.0Capital expenditure−162.0Free cash flow671.0 −17.5%Buybacks−896.0Dividends paid−144.0Fiscal year 2020Operating cash flow953.0Capital expenditure−114.0Free cash flow839.0 +25.0%Buybacks−727.0Dividends paid−145.0Fiscal year 2021Operating cash flow930.0Capital expenditure−128.0Free cash flow802.0 −4.4%Buybacks−1,026.0Dividends paid−211.0Fiscal year 2022Operating cash flow840.0Capital expenditure−224.0Free cash flow616.0 −23.2%Buybacks−914.0Dividends paid−258.0Fiscal year 2023Operating cash flow1,413.0Capital expenditure−243.0Free cash flow1,170.0 +89.9%Buybacks−353.0Dividends paid−257.0Fiscal year 2024Operating cash flow1,075.0Capital expenditure−168.0Free cash flow907.0 −22.5%Buybacks−751.0Dividends paid−254.0Fiscal year 2025Operating cash flow1,022.0Capital expenditure−156.0Free cash flow866.0 −4.5%Buybacks−571.0Dividends paid−261.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 789.0 751.0 1,032.0 833.0 953.0 930.0 840.0 1,413.0 1,075.0 1,022.0
Capital expenditure −180.0 −173.0 −219.0 −162.0 −114.0 −128.0 −224.0 −243.0 −168.0 −156.0
Free cash flow 609.0 578.0 813.0 671.0 839.0 802.0 616.0 1,170.0 907.0 866.0
Growth −5.1% +40.7% −17.5% +25.0% −4.4% −23.2% +89.9% −22.5% −4.5%
Buybacks −459.0 −331.0 −654.0 −896.0 −727.0 −1,026.0 −914.0 −353.0 −751.0 −571.0
Dividends paid −128.0 −129.0 −134.0 −144.0 −145.0 −211.0 −258.0 −257.0 −254.0 −261.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash990.0Total debt2,995.0Net cash (debt)−2,005.0Shareholders’ equity−298.0Fiscal year 2017Cash1,194.0Total debt2,969.0Net cash (debt)−1,775.0Shareholders’ equity−53.0Fiscal year 2018Cash552.0Total debt2,971.0Net cash (debt)−2,419.0Shareholders’ equity−111.0Fiscal year 2019Cash697.0Total debt2,771.0Net cash (debt)−2,074.0Shareholders’ equity−235.0Fiscal year 2020Cash1,326.0Total debt2,792.0Net cash (debt)−1,466.0Shareholders’ equity195.0Debt to equity14.32Fiscal year 2021Cash926.0Total debt2,949.0Net cash (debt)−2,023.0Shareholders’ equity−179.0Fiscal year 2022Cash452.0Total debt2,946.0Net cash (debt)−2,494.0Shareholders’ equity−480.0Fiscal year 2023Cash634.0Total debt2,945.0Net cash (debt)−2,311.0Shareholders’ equity−126.0Fiscal year 2024Cash634.0Total debt2,945.0Net cash (debt)−2,311.0Shareholders’ equity−279.0Fiscal year 2025Cash647.0Total debt2,945.0Net cash (debt)−2,298.0Shareholders’ equity−185.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 990.0 1,194.0 552.0 697.0 1,326.0 926.0 452.0 634.0 634.0 647.0
Total debt 2,995.0 2,969.0 2,971.0 2,771.0 2,792.0 2,949.0 2,946.0 2,945.0 2,945.0 2,945.0
Net cash (debt) −2,005.0 −1,775.0 −2,419.0 −2,074.0 −1,466.0 −2,023.0 −2,494.0 −2,311.0 −2,311.0 −2,298.0
Shareholders’ equity −298.0 −53.0 −111.0 −235.0 195.0 −179.0 −480.0 −126.0 −279.0 −185.0
Debt to equity n/a n/a n/a n/a 14.32 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
7,361.0 6,014.0 6,654.0 6,707.0 7,188.0 8,375.0 8,680.0 7,967.0 7,828.0 7,562.0
Growth −18.3% +10.6% +0.8% +7.2% +16.5% +3.6% −8.2% −1.7% −3.4%
4,899.0 3,794.0 4,327.0 4,336.0 4,601.0 5,512.0 5,967.0 5,131.0 4,997.0 4,883.0
2,462.0 2,220.0 2,327.0 2,371.0 2,587.0 2,863.0 2,713.0 2,836.0 2,831.0 2,679.0
Growth −9.8% +4.8% +1.9% +9.1% +10.7% −5.2% +4.5% −0.2% −5.4%
1,375.0 1,191.0 1,250.0 1,274.0 1,292.0 1,413.0 1,390.0 1,473.0 1,468.0 1,426.0
1,087.0 1,029.0 1,077.0 1,088.0 1,295.0 1,405.0 1,297.0 1,348.0 1,363.0 1,248.0
Growth −5.3% +4.7% +1.0% +19.0% +8.5% −7.7% +3.9% +1.1% −8.4%
832.0 718.0 907.0 914.0 1,131.0 688.0 1,193.0 1,238.0 1,161.0 1,135.0
296.0 245.0 221.0 230.0 269.0 210.0 288.0 278.0 287.0 277.0
493.0 533.0 734.0 935.0 1,224.0 410.0 844.0 908.0 822.0 810.0
Growth +8.1% +37.7% +27.4% +30.9% −66.5% +105.9% +7.6% −9.5% −1.5%
Per share
1.49 1.68 2.38 3.24 4.60 1.63 3.65 4.03 3.77 3.87
1.48 1.66 2.37 3.22 4.59 1.62 3.63 4.02 3.76 3.86
Growth +12.2% +42.8% +35.9% +42.5% −64.7% +124.1% +10.7% −6.5% +2.7%
326.0 314.0 305.0 287.0 264.0 249.0 231.0 225.0 218.0 209.0
330.0 318.0 307.0 288.0 264.0 251.0 232.0 226.0 219.0 210.0
Growth −3.6% −3.5% −6.2% −8.3% −4.9% −7.6% −2.6% −3.1% −4.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 1.0% a year over five years, and earnings per share fell 3.4% a year.
  • The diluted share count fell 20.5% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.5 points on five years ago, at 16.5%.
  • Profitable in every one of the 10 years on file.