A Business at a Glance
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MASCO CORP /DE/
MAS
$16.6B
Mkt Cap
$79.27
+2.50%
MASCO CORP /DE/ (MAS) has a current P/E ratio of 20.5, compared to its historical median P/E of 16.4. The stock is currently considered Fair based on its historical valuation range.
MASCO CORP /DE/ (MAS) has a 5-year average return on invested capital (ROIC) of 45.8%. This indicates strong capital allocation and a potential competitive advantage.
MASCO CORP /DE/ (MAS) has a market capitalization of $16.0B. It is classified as a large-cap stock.
Yes, MASCO CORP /DE/ (MAS) pays a dividend with a trailing twelve-month yield of 1.63%. The company also returns capital through share buybacks, with a buyback yield of 4.02%.
Based on historical P/E analysis, MASCO CORP /DE/ (MAS) appears fair. The current P/E of 20.5 is 25% above its historical median of 16.4. The estimated fair value CAGR (P/E method) is 3.6%.
MASCO CORP /DE/ (MAS) operates in the Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures industry, within the Industrials sector.
MASCO CORP /DE/ (MAS) reported annual revenue of $7.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Masco Corporation is a global leader in the design, manufacture, and distribution of branded home improvement and building products, operating through two segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment manufactures and sells faucets, showerheads, bath hardware, bathing units, shower enclosures, spas, exercise pools, and plumbing system components under brands including DELTA, HANSGROHE, BRIZO, HOT SPRING, and BRASSCRAFT, primarily to home center retailers, online retailers, wholesalers, and distributors across North America, Europe, and China. The Decorative Architectural Products segment produces architectural coatings (paints, primers, stains) and decorative hardware sold under BEHR, KILZ, LIBERTY, and FRANKLIN BRASS brands to do-it-yourself and professional customers through home center retailers and other channels, with BEHR products granted exclusivity through The Home Depot, the company's largest customer. The company's business model relies on brand reputation, product innovation, and distribution breadth across multiple channels; unit economics are characterized by manufacturing and sourcing operations with exposure to commodity price volatility in brass, copper, acrylic resins, and titanium dioxide, and the Decorative Architectural segment experiences seasonal strength in the second and third quarters. Masco competes on brand strength, product features, quality, and price against both established competitors and private label and digitally native brands, with manufacturing primarily in North America and Europe and sourcing from Asia.
【Margin expansion amid tariff mitigation】 Management expects operating margin expansion to approximately 17% in 2026 driven by continued mitigation of tariff and commodity costs, cost savings from restructuring actions, and operational efficiencies, with plumbing margins reaching approximately 18% and decorative architectural margins approximately 19%. While the near-term macroeconomic and geopolitical environment remains uncertain, management is confident in mid- to long-term fundamentals, anticipating that as consumer sentiment improves, interest rates decline, and existing home turnover increases, pent-up demand will become a tailwind for the business. The company is executing restructuring actions expected to generate approximately $50 million in charges during 2026, with savings redeployed toward growth initiatives and margin expansion. Management is focused on positioning the business for above-market top and bottom-line growth through its consumer-driven strategy leveraging industry-leading brands, expanded commercial capabilities, and enhanced operational excellence.
| Metric | Target | Period |
|---|---|---|
| Earnings per share | $4.10–$4.30 | FY2026 |
| Sales growth | up low-single digits | FY2026 |
| Operating margin | approximately 17% | FY2026 |
| Plumbing segment sales growth | up low-single digits | FY2026 |
| Plumbing segment operating margin | approximately 18% | FY2026 |
| Decorative Architectural segment sales | roughly flat | FY2026 |
| Decorative Architectural segment operating margin | approximately 19% | FY2026 |
| Share repurchases or acquisitions deployment | at least $800 million | FY2026 |
Earnings per share (FY2026): “we are maintaining our 2026 EPS estimate of $4.10-$4.30 per share”
Sales growth (FY2026): “we expect 2026 sales to be up low- single- digits versus our previous guide of flat to up low- single- digits”
Operating margin (FY2026): “we continue to expect our margins to expand to approximately 17%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 7.7B | 7.6B | 7.8B | 8.0B | 8.7B | 8.4B |
| Net Income | 837M | 810M | 822M | 908M | 842M | 406M |
| EPS | $4.06 | $3.86 | $3.76 | $4.02 | $3.63 | $1.62 |
| Free Cash Flow | 943M | 866M | 907M | 1.2B | 616M | 802M |
| ROIC | 39.0% | 42.7% | 44.9% | 43.7% | 45.1% | 52.4% |
| Gross Margin | 35.4% | 35.4% | 36.2% | 35.6% | 31.3% | 34.2% |
| Debt/Equity | 0.00 | -17.38 | -11.52 | -26.40 | -7.18 | -17.70 |
| Dividends/Share | $1.29 | $1.24 | $1.16 | $1.14 | $1.12 | $0.71 |
| Operating Income | 1.3B | 1.2B | 1.4B | 1.3B | 1.3B | 1.4B |
| Operating Margin | 16.6% | 16.5% | 17.4% | 16.9% | 14.9% | 16.8% |
| ROE | 0.0% | -349.1% | -405.9% | -299.7% | -255.5% | - |
| Shares Outstanding | 202M | 210M | 219M | 226M | 232M | 251M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.0B | 7.1B | 7.4B | 7.6B | 6.7B | 6.7B | 7.2B | 8.4B | 8.7B | 8.0B | 7.8B | 7.6B | 7.7B |
| Gross Margin | 29.4% | 31.5% | 33.5% | 29.0% | 35.0% | 35.4% | 36.0% | 34.2% | 31.3% | 35.6% | 36.2% | 35.4% | 35.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.3B | 1.3B | 1.4B | 1.2B | 1.3B | 1.3B | 1.3B | 1.4B | 1.4B | 1.5B | 1.5B | 1.4B | 1.4B |
| EBIT | 721M | 914M | 1.1B | 1.0B | 1.1B | 1.1B | 1.3B | 1.4B | 1.3B | 1.3B | 1.4B | 1.2B | 1.3B |
| Op. Margin | 10.3% | 12.8% | 14.8% | 13.5% | 16.2% | 16.2% | 18.0% | 16.8% | 14.9% | 16.9% | 17.4% | 16.5% | 16.6% |
| Net Income | 839M | 350M | 487M | 528M | 727M | 929M | 1.2B | 406M | 842M | 908M | 822M | 810M | 837M |
| Net Margin | 12.0% | 4.9% | 6.6% | 6.9% | 10.9% | 13.9% | 16.9% | 4.8% | 9.7% | 11.4% | 10.5% | 10.7% | 10.9% |
| Non-Recurring | 2.0M | 0 | 0 | -13M | 0 | 298M | 602M | 27M | 18M | 0 | -80M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 28.2% | 26.0% | 45.7% | 41.9% | 40.3% | 37.4% | 53.5% | 52.4% | 45.1% | 43.7% | 44.9% | 42.7% | 39.0% |
| ROE | 113.1% | 88.7% | -224.9% | -300.9% | N/A | N/A | 623.1% | N/A | -255.5% | -299.7% | -405.9% | -349.1% | 0.0% |
| ROA | 11.9% | 5.4% | 9.0% | 9.9% | 13.3% | 17.8% | 22.5% | 7.2% | 15.6% | 17.2% | 15.8% | 15.9% | 16.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 602M | 810M | 789M | 751M | 1.0B | 833M | 953M | 930M | 840M | 1.4B | 1.1B | 1.0B | 1.1B |
| Free Cash Flow | 474M | 652M | 609M | 578M | 813M | 671M | 839M | 802M | 616M | 1.2B | 907M | 866M | 943M |
| Owner Earnings | 388M | 636M | 626M | 586M | 849M | 639M | 775M | 718M | 646M | 1.2B | 886M | 844M | 916M |
| CapEx | 128M | 158M | 180M | 173M | 219M | 162M | 114M | 128M | 224M | 243M | 168M | 156M | 158M |
| Maint. CapEx | 167M | 133M | 134M | 127M | 156M | 159M | 133M | 151M | 145M | 149M | 150M | 148M | 151M |
| Growth CapEx | 0 | 25M | 46M | 46M | 63M | 3.0M | 0 | 0 | 79M | 94M | 18M | 8.0M | 7.0M |
| D&A | 167M | 133M | 134M | 127M | 156M | 159M | 133M | 151M | 145M | 149M | 150M | 148M | 151M |
| CapEx/OCF | 21.3% | 22.6% | 22.8% | 23.0% | 21.2% | 19.4% | 12.0% | 13.8% | 26.7% | 17.2% | 15.6% | 15.3% | 14.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 117M | 126M | 128M | 129M | 134M | 144M | 145M | 211M | 258M | 257M | 254M | 261M | 260M |
| Dividend Yield | 2.0% | 1.7% | 1.4% | 1.3% | 1.3% | 1.4% | 1.2% | 1.5% | 2.2% | 2.2% | 1.6% | 1.8% | 1.6% |
| Share Buybacks | 158M | 456M | 459M | 331M | 654M | 896M | 727M | 1.0B | 914M | 353M | 751M | 571M | 643M |
| Buyback Yield | 2.3% | 5.4% | 5.0% | 2.7% | 8.2% | 7.1% | 5.4% | 6.3% | 9.0% | 2.4% | 4.8% | 4.2% | 4.0% |
| Stock-Based Comp | 47M | 41M | 29M | 38M | 27M | 35M | 45M | 61M | 49M | 31M | 39M | 30M | 34M |
| Debt Repayment | 6.0M | 4.0M | 4.0M | 5.0M | 1.0M | 8.0M | 2.0M | 3.0M | 10M | 77M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 1.7B | 1.7B | 1.8B | 1.8B | 2.4B | 2.3B | 1.7B | 2.2B | 3.0B | 2.7B | 2.6B | 2.6B | 2.7B |
| Cash & Equiv. | 1.4B | 1.5B | 990M | 1.2B | 552M | 697M | 1.3B | 926M | 452M | 634M | 634M | 647M | 388M |
| Long-Term Debt | 2.9B | 2.4B | 3.0B | 3.0B | 3.0B | 2.8B | 2.8B | 2.9B | 2.9B | 2.9B | 2.9B | 2.9B | 2.9B |
| Debt/Equity | 3.71 | -25.24 | -10.06 | -58.21 | -26.84 | -12.65 | 15.30 | -17.70 | -7.18 | -26.40 | -11.52 | -17.38 | 0.00 |
| Interest Coverage | 3.2 | 4.1 | 4.7 | 3.7 | 6.9 | 6.8 | 9.0 | 5.1 | 12.0 | 12.7 | 13.8 | 12.4 | 12.4 |
| Equity | 924M | -135M | -298M | -53M | -111M | -235M | 195M | -179M | -480M | -126M | -279M | -185M | -242M |
| Total Assets | 7.2B | 5.7B | 5.2B | 5.5B | 5.4B | 5.0B | 5.8B | 5.6B | 5.2B | 5.4B | 5.0B | 5.2B | 5.2B |
| Total Liabilities | 6.1B | 5.6B | 5.3B | 5.4B | 5.3B | 5.1B | 5.4B | 5.5B | 5.4B | 5.3B | 5.3B | 5.3B | 5.2B |
| Intangibles | 142M | 160M | 154M | 187M | 288M | 259M | 357M | 388M | 350M | 377M | 220M | 205M | 198M |
| Retained Earnings | 690M | -300M | -381M | -298M | -278M | -332M | 79M | -652M | -947M | -596M | -693M | -688M | -722M |
| Working Capital | 1.4B | 925M | 1.5B | 1.6B | 1.1B | 1.2B | 1.6B | 1.5B | 1.1B | 1.2B | 1.2B | 1.3B | 1.2B |
| Current Assets | 3.6B | 3.3B | 2.9B | 3.3B | 2.8B | 2.7B | 3.5B | 3.4B | 2.9B | 2.9B | 2.7B | 2.8B | 2.9B |
| Current Liabilities | 2.2B | 2.4B | 1.5B | 1.7B | 1.7B | 1.5B | 1.9B | 1.9B | 1.9B | 1.7B | 1.6B | 1.6B | 1.7B |
| Per Share Data | |||||||||||||
| EPS | 2.38 | 1.02 | 1.48 | 1.66 | 2.37 | 3.22 | 4.59 | 1.62 | 3.63 | 4.02 | 3.76 | 3.86 | 4.06 |
| Owner EPS | 1.10 | 1.85 | 1.90 | 1.84 | 2.77 | 2.21 | 2.93 | 2.86 | 2.79 | 5.46 | 4.05 | 4.02 | 4.54 |
| Book Value | 2.62 | -0.39 | -0.91 | -0.17 | -0.36 | -0.81 | 0.74 | -0.71 | -2.07 | -0.56 | -1.28 | -0.88 | -1.20 |
| Cash Flow/Share | 1.71 | 2.36 | 2.40 | 2.36 | 3.36 | 2.89 | 3.60 | 3.71 | 3.62 | 6.26 | 4.92 | 4.87 | 4.90 |
| Dividends/Share | 0.35 | 0.37 | 0.39 | 0.41 | 0.45 | 0.51 | 0.55 | 0.71 | 1.12 | 1.14 | 1.16 | 1.24 | 1.29 |
| Shares Out. | 352.5M | 343.1M | 329.1M | 318.1M | 306.8M | 288.5M | 264.7M | 250.6M | 232.0M | 225.9M | 218.6M | 209.8M | 201.7M |
| Valuation | |||||||||||||
| P/E Ratio | 7.9 | 24.0 | 18.8 | 23.3 | 10.8 | 13.4 | 11.0 | 39.6 | 12.0 | 16.1 | 19.0 | 16.7 | 19.5 |
| P/FCF | 13.9 | 12.9 | 14.9 | 21.3 | 9.7 | 18.6 | 15.9 | 20.1 | 16.4 | 12.5 | 17.3 | 15.6 | 17.0 |
| EV/EBIT | 12.5 | 12.3 | 10.5 | 12.0 | 9.1 | 12.8 | 10.5 | 12.4 | 9.7 | 12.1 | 12.7 | 12.2 | 14.6 |
| Price/Book | 7.3 | N/A | N/A | N/A | N/A | N/A | 68.9 | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 0.9 | 1.0 | 1.2 | 1.4 | 1.6 | 1.5 | 1.7 | 1.7 | 1.3 | 1.5 | 2.0 | 1.9 | 2.1 |
| FCF Yield | 7.0% | 7.7% | 6.6% | 4.6% | 10.2% | 5.3% | 6.2% | 4.9% | 6.1% | 8.0% | 5.8% | 6.4% | 5.9% |
| Market Cap | 6.7B | 8.5B | 9.2B | 12.4B | 7.9B | 12.6B | 13.4B | 16.2B | 10.1B | 14.6B | 15.6B | 13.5B | 16.0B |
| Avg. Price | 16.56 | 21.38 | 27.16 | 32.34 | 33.36 | 35.67 | 44.87 | 55.16 | 49.75 | 52.19 | 72.40 | 67.34 | 79.27 |
| Year-End Price | 18.75 | 24.43 | 27.62 | 38.73 | 25.66 | 43.29 | 50.39 | 64.17 | 43.48 | 64.64 | 71.57 | 64.46 | 79.27 |
MASCO CORP /DE/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
MASCO CORP /DE/ trades at 20.5x trailing earnings, compared to its 15-year median P/E of 16.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.6x vs a median of 16.1x. The company's 5-year average ROIC is 45.8% with a gross margin of 34.5%. Total shareholder yield (dividends + buybacks) is 5.6%. At current prices, the estimated annualized return to fair value is +9.9%.
MASCO CORP /DE/ (MAS) has a net profit margin of 10.7%. This is a healthy margin.
MASCO CORP /DE/ (MAS) generated $866 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MASCO CORP /DE/ (MAS) reported earnings per share (EPS) of $3.86 in its most recent fiscal year.
MASCO CORP /DE/ (MAS) has a return on equity (ROE) of -349.1%. A negative ROE may indicate losses or negative equity.
MASCO CORP /DE/ (MAS) has a 5-year average gross margin of 34.5%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for MASCO CORP /DE/ (MAS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MASCO CORP /DE/ (MAS) has a book value per share of $-0.88, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects operating margin expansion to approximately 17% in 2026 driven by continued mitigation of tariff and commodity costs, cost savings from restructuring actions, and operational efficiencies, with plumbing margins reaching approximately 18% and decorative architectural margins approximately 19%. While the near-term macroeconomic and geopolitical environment remains uncertain, management is confident in mid- to long-term fundamentals, anticipating that as consumer sentiment improves, interest rates decline, and existing home turnover increases, pent-up demand will become a tailwind for the business. The company is executing restructuring actions expected to generate approximately $50 million in charges during 2026, with savings redeployed toward growth initiatives and margin expansion. Management is focused on positioning the business for above-market top and bottom-line growth through its consumer-driven strategy leveraging industry-leading brands, expanded commercial capabilities, and enhanced operational excellence.
Based on recent SEC filings and earnings calls, MASCO CORP /DE/ (MAS) has provided the following forward guidance: Earnings per share: $4.10–$4.30 (FY2026); Sales growth: up low-single digits (FY2026); Operating margin: approximately 17% (FY2026); Plumbing segment sales growth: up low-single digits (FY2026); Plumbing segment operating margin: approximately 18% (FY2026), plus 3 additional metrics.
Plumbing segment sales growth (FY2026): “In our Plumbing segment, we continue to expect 2026 full year sales to be up low- single- digits”
Plumbing segment operating margin (FY2026): “our operating margin to expand to approximately 18%”
Decorative Architectural segment sales (FY2026): “In our Decorative Architectural segment, we continue to expect 2026 sales to be roughly flat with the prior year”
Decorative Architectural segment operating margin (FY2026): “our operating margin to be approximately 19%”
Share repurchases or acquisitions deployment (FY2026): “we now expect to deploy at least $800 million towards share repurchases or acquisitions in 2026, up from our previous expectation of approximately $600 million”
No recent press releases.