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MBC

MasterBrand, Inc.

MBC

MasterBrand, Inc. • NYSE
$11.09 ▼ -0.45% (-0.05)
Market Cap $1.41 B
52w High $18.15
52w Low $9.33
Dividend Yield 0%
P/E 17.6
Volume 1.23M
Outstanding Shares 127.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $698.9M ▼ $167.5M ▲ $18.1M ▼ 2.59% ▼ $0.14 ▼ $65M ▼
Q2-2025 $730.9M ▲ $159.4M ▲ $37.3M ▲ 5.103% ▲ $0.29 ▲ $92.1M ▲
Q1-2025 $660.3M ▼ $152.4M ▲ $13.3M ▼ 2.014% ▼ $0.1 ▼ $59.5M ▼
Q4-2024 $667.7M ▼ $152.3M ▼ $14M ▼ 2.097% ▼ $0.11 ▼ $63.2M ▼
Q3-2024 $718.1M $166.3M $29.1M 4.052% $0.23 $79.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $114.8M ▼ $3.002B ▲ $1.618B ▲ $1.383B ▲
Q2-2025 $120.1M ▲ $2.957B ▲ $1.596B ▼ $1.361B ▲
Q1-2025 $113.5M ▼ $2.956B ▲ $1.649B ▲ $1.307B ▲
Q4-2024 $120.6M ▲ $2.93B ▼ $1.635B ▼ $1.295B ▲
Q3-2024 $108.4M $2.96B $1.673B $1.288B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.1M ▼ $55.4M ▼ $-15.8M ▼ $-45.8M ▲ $-5.3M ▼ $39.5M ▼
Q2-2025 $37.3M ▲ $84.8M ▲ $-14.5M ▼ $-67.5M ▼ $6.6M ▲ $66.7M ▲
Q1-2025 $13.3M ▼ $-31.4M ▼ $-9.8M ▲ $33.5M ▲ $-7.5M ▼ $-41.2M ▼
Q4-2024 $14M ▼ $115.1M ▲ $-38.9M ▲ $-61.7M ▼ $12.2M ▲ $68.8M ▲
Q3-2024 $29.1M $80.8M $-530M $371.6M $-80M $64.5M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Retail
Retail
 $220.00M ▲$220.00M ▲$220.00M ▲$210.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from the post‑pandemic peak, but it has been relatively stable over the last couple of years. What stands out is that profitability has held up better than sales: gross margins are fairly steady and operating profits are stronger than in the earlier part of the period, helped by cost savings and efficiency work. Net income did slip most recently versus the prior year, but it remains within the historical range, suggesting the core business is still earning reasonable money even in a softer demand environment.

Balance Sheet

Balance Sheet The balance sheet shows a business that has become more leveraged over time. Total assets have grown, helped by acquisitions, but debt has risen meaningfully compared with a few years ago, while equity is lower than it was pre‑IPO. Cash balances are modest relative to the size of the company, so the capital structure now relies more heavily on borrowing. This is typical of a mature, asset‑intensive manufacturer, but it does increase sensitivity to interest costs and downturns and makes disciplined integration of acquisitions more important.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has been consistently positive and notably stronger in the last few years than earlier in the period, even after some recent softening. Free cash flow has been positive every year, with capital spending kept at a steady, moderate level. In practical terms, the company is generating enough cash from its operations to fund its regular investments and still have a cushion, though large deals appear to be financed mainly through debt rather than internal cash alone.

Competitive Edge

Competitive Edge MasterBrand holds a leading position as the largest residential cabinet maker in North America, which gives it scale advantages in purchasing, production, and branding. Its wide distribution network reaching thousands of dealers, plus major retailers and builders, makes its products broadly available and hard to displace. A broad portfolio of brands across price points lets it serve both value and premium customers. At the same time, the market is cyclical and closely tied to housing and remodeling trends, and the company now faces the added complexity of integrating recent acquisitions and a planned merger while maintaining service levels and cost discipline.

Innovation and R&D

Innovation and R&D Innovation is focused more on process, product features, and digital tools than on heavy laboratory R&D. The company has been modernizing plants with more automation and applying a structured lean‑manufacturing system to squeeze out costs. On the front end, a “tech‑enabled” push is digitizing the customer experience through a portal for dealers and buyers, and products increasingly include integrated power, hands‑free opening, and electronic locking. MasterBrand also leans on design research and trend tracking to keep finishes and styles current. The planned merger and recent premium acquisition should broaden its design and product development capabilities, but they also raise execution and integration risks.

Summary

Overall, MasterBrand looks like a scale player in a cyclical, fairly mature industry that has used efficiency and consolidation to support profitability. Sales are off their peak but relatively stable, margins and cash flows are reasonably healthy, and operational improvement programs appear to be delivering real savings. The balance sheet has shifted toward higher debt and lower equity, which amplifies both the potential benefits and the risks of acquisitions and the planned merger with American Woodmark. The company’s size, distribution reach, and brand breadth provide a solid competitive base, while ongoing automation, digital initiatives, and design‑driven product updates aim to keep it relevant. The key swing factors going forward are housing and remodeling demand, successful integration of recent deals, and careful management of the higher leverage level.

NEWS

November 4, 2025 · 4:05 PM UTC

MasterBrand Reports Third Quarter 2025 Financial Results

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October 30, 2025 · 4:30 PM UTC

Graco Inc. Appoints Andrea (Andi) H. Simon to the Board of Directors

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October 30, 2025 · 4:05 PM UTC

Merger Between MasterBrand and American Woodmark Receives Shareholder Approval

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October 21, 2025 · 8:57 AM UTC

MasterBrand, Inc. Gives Back as Exclusive Cabinet Provider for Habitat for Humanity's Carter Work Project

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October 9, 2025 · 8:57 AM UTC

A New Era of Refined Style: StarMark Cabinetry Debuts Largest Collection Yet

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