InsiderClue
Stocks · Consumer discretionary · Wood Household Furniture, (No Upholstered)

MasterBrand, Inc.

MBC Clue Score39
United States Fiscal year ends December CIK 0001941365
$6.61 -4.62% Close, 9 Oct 2026
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Price $6.61 −42.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 9 Dec 2022. 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 2021Revenue2,855.3Operating income234.3Net income182.6EPS, diluted1.43Fiscal year 2022Revenue3,275.5 +14.7%Operating income203.3Net income155.4 −14.9%EPS, diluted1.20 −16.1%Fiscal year 2023Revenue2,726.2 −16.8%Operating income306.3Net income182.0 +17.1%EPS, diluted1.40 +16.7%Fiscal year 2024Revenue2,700.4 −0.9%Operating income235.7Net income125.9 −30.8%EPS, diluted0.96 −31.4%Fiscal year 2025Revenue2,734.7 +1.3%Operating income119.0Net income26.7 −78.8%EPS, diluted0.21 −78.1%
FY2021FY2022FY2023FY2024FY2025
Revenue 2,855.3 3,275.5 2,726.2 2,700.4 2,734.7
Growth +14.7% −16.8% −0.9% +1.3%
Operating income 234.3 203.3 306.3 235.7 119.0
Net income 182.6 155.4 182.0 125.9 26.7
Growth −14.9% +17.1% −30.8% −78.8%
EPS, diluted 1.43 1.20 1.40 0.96 0.21
Growth −16.1% +16.7% −31.4% −78.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Gross margin27.5%Operating margin8.2%Net margin6.4%Free cash flow margin3.4%Fiscal year 2022Gross margin28.7%Operating margin6.2%Net margin4.7%Free cash flow margin5.5%Fiscal year 2023Gross margin33.1%Operating margin11.2%Net margin6.7%Free cash flow margin12.8%Fiscal year 2024Gross margin32.5%Operating margin8.7%Net margin4.7%Free cash flow margin7.8%Fiscal year 2025Gross margin30.3%Operating margin4.4%Net margin1.0%Free cash flow margin4.3%
FY2021FY2022FY2023FY2024FY2025
Gross margin 27.5% 28.7% 33.1% 32.5% 30.3%
Operating margin 8.2% 6.2% 11.2% 8.7% 4.4%
Net margin 6.4% 4.7% 6.7% 4.7% 1.0%
Free cash flow margin 3.4% 5.5% 12.8% 7.8% 4.3%

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 2021Operating cash flow148.2Capital expenditure−51.6Free cash flow96.6Buybacks0.0Fiscal year 2022Operating cash flow235.6Capital expenditure−55.9Free cash flow179.7 +86.0%Buybacks0.0Fiscal year 2023Operating cash flow405.6Capital expenditure−57.3Free cash flow348.3 +93.8%Buybacks−22.0Fiscal year 2024Operating cash flow292.0Capital expenditure−80.9Free cash flow211.1 −39.4%Buybacks−6.5Fiscal year 2025Operating cash flow195.7Capital expenditure−78.2Free cash flow117.5 −44.3%Buybacks−18.1
FY2021FY2022FY2023FY2024FY2025
Operating cash flow 148.2 235.6 405.6 292.0 195.7
Capital expenditure −51.6 −55.9 −57.3 −80.9 −78.2
Free cash flow 96.6 179.7 348.3 211.1 117.5
Growth +86.0% +93.8% −39.4% −44.3%
Buybacks 0.0 0.0 −22.0 −6.5 −18.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash141.4Shareholders’ equity2,453.8Fiscal year 2022Cash101.1Total debt979.0Net cash (debt)−877.9Shareholders’ equity1,009.2Debt to equity0.97Fiscal year 2023Cash148.7Total debt707.8Net cash (debt)−559.1Shareholders’ equity1,193.8Debt to equity0.59Fiscal year 2024Cash120.6Total debt1,007.8Net cash (debt)−887.2Shareholders’ equity1,294.7Debt to equity0.78Fiscal year 2025Cash183.3Total debt974.5Net cash (debt)−791.2Shareholders’ equity1,344.6Debt to equity0.72
FY2021FY2022FY2023FY2024FY2025
Cash 141.4 101.1 148.7 120.6 183.3
Total debt n/a 979.0 707.8 1,007.8 974.5
Net cash (debt) n/a −877.9 −559.1 −887.2 −791.2
Shareholders’ equity 2,453.8 1,009.2 1,193.8 1,294.7 1,344.6
Debt to equity n/a 0.97 0.59 0.78 0.72

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

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 26 Dec 2021 FY2022 25 Dec 2022 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Margins
27.5% 28.7% 33.1% 32.5% 30.3%
8.2% 6.2% 11.2% 8.7% 4.4%
8.3% 6.5% 8.8% 6.2% 1.7%
6.4% 4.7% 6.7% 4.7% 1.0%
3.4% 5.5% 12.8% 7.8% 4.3%
Spending
18.5% 19.8% 20.9% 22.3% 24.4%
1.8% 1.7% 2.1% 3.0% 2.9%
23.4% 27.2% 23.8% 25.2% 42.3%
Returns
7.4% 15.4% 15.2% 9.7% 2.0%
n/a 6.1% 7.6% 4.3% 0.9%
Balance and payout
n/a 0.97 0.59 0.78 0.72
n/a 60.1% 49.9% 55.8% 56.6%
0.0% 0.0% 6.3% 3.1% 15.4%