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Masco Corporation provides home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, water filtration systems, and sinks and kitchen accessories; acrylic tubs, bath and shower enclosures, and shower bases and trays; spas, exercise pools, and aquatic fitness systems and saunas; brass, copper, and composite plumbing system component and other non-decorative plumbing products; water products; and thermoplastic products, extruded plastic profiles, and specialized fabrication products, as well as PEX tubing products. This segment provides its products under the DELTA, BRIZO, PEERLESS, HANSGROHE, AXOR, KRAUS, NEWPORT BRASS, GINGER, WALTEC, BRISTAN, HERITAGE, MIROLIN, HOT SPRING, CALDERA, FREEFLOW SPAS, FANTASY SPAS, AQUATERRA, LIFESMART, ENDLESS POOLS, TYLO, FINNLEO, HELO, BRASSCRAFT, PLUMBSHOP, and MASTER PLUMBER brands, as well as under private label to home center and online retailers, mass merchandisers, wholesalers and distributors, plumbers, building contractors, remodelers, smaller retailers, and consumers and homebuilders. Its Decorative Architectural Products segment offers paints, primers, specialty coatings, stains, and waterproofing products, as well as paint applicators and accessories; cabinet and door hardware, functional hardware, hook and hook rail products, and outdoor living hardware; and decorative bath hardware, shower accessories, and shower doors. This segment provides its products under the BEHR, KILZ, WHIZZ, LIBERTY, and FRANKLIN BRASS brands to home center and other retailers, mass and online retailers, other specialty retailers, and original equipment manufacturers and wholesalers. The company was incorporated in 1929 and is headquartered in Livonia, Michigan.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.6B | $1.4B | $810M | $866M | -435.5% | -3.4% | -1.5% |
| 2024 | $7.8B | $1.4B | $822M | $907M | -293.6% | -1.7% | -9.5% |
| 2023 | $8.0B | $1.5B | $908M | $1.2B | -720.6% | -8.2% | 7.3% |
| 2022 | $8.7B | $1.4B | $846M | $616M | -176.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,680 | 7,967 | 7,828 | 7,562 |
| Operating Revenue | - | 8,680 | 7,967 | 7,828 | 7,562 |
| Cost Of Revenue | - | 5,967 | 5,131 | 4,997 | 4,883 |
| Gross Profit | - | 2,713 | 2,836 | 2,831 | 2,679 |
| Operating Expense | - | 1,390 | 1,473 | 1,468 | 1,426 |
| Selling General And Administration | - | 1,390 | 1,473 | 1,468 | 1,426 |
| Total Expenses | - | 7,357 | 6,604 | 6,465 | 6,309 |
| Operating Income | - | 1,323 | 1,363 | 1,363 | 1,253 |
| Total Operating Income As Reported | - | 1,297 | 1,348 | 1,363 | 1,248 |
| EBITDA | - | 1,446 | 1,493 | 1,410 | 1,384 |
| Normalized EBITDA | - | 1,472 | 1,508 | 1,498 | 1,389 |
| EBIT | - | 1,301 | 1,344 | 1,260 | 1,236 |
| Interest Income | 1 | 2 | 9 | - | - |
| Interest Expense | - | 108 | 106 | 99 | 101 |
| Net Interest Income | - | -108 | -106 | -99 | -101 |
| Other Non Operating Income Expenses | - | 4 | -4 | -15 | -12 |
| Other Income Expense | - | -22 | -19 | -103 | -17 |
| Interest Income Non Operating | 1 | 2 | 9 | - | - |
| Interest Expense Non Operating | - | 108 | 106 | 99 | 101 |
| Net Non Operating Interest Income Expense | - | -108 | -106 | -99 | -101 |
| Pretax Income | - | 1,193 | 1,238 | 1,161 | 1,135 |
| Tax Provision | - | 288 | 278 | 287 | 277 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -6.24 | -3.37 | -21.74 | -1.22 |
| Net Income Continuous Operations | - | 905 | 960 | 874 | 858 |
| Net Income From Continuing And Discontinued Operation | - | 846 | 908 | 822 | 810 |
| Net Income From Continuing Operation Net Minority Interest | - | 846 | 908 | 822 | 810 |
| Net Income | - | 846 | 908 | 822 | 810 |
| Net Income Common Stockholders | - | 842 | 908 | 822 | 810 |
| Net Income Including Noncontrolling Interests | - | 905 | 960 | 874 | 858 |
| Normalized Income | - | 865.76 | 919.63 | 888.26 | 813.78 |
| Diluted NI Availto Com Stockholders | - | 842 | 908 | 822 | 810 |
| Basic Average Shares | - | 225.30 | 220.60 | 212.50 | 204.30 |
| Diluted Average Shares | - | 232 | 226 | 219 | 210 |
| Reconciled Depreciation | - | 145 | 149 | 150 | 148 |
| Reconciled Cost Of Revenue | - | 5,967 | 5,131 | 4,997 | 4,883 |
| Total Unusual Items | - | -26 | -15 | -88 | -5 |
| Total Unusual Items Excluding Goodwill | - | -26 | -15 | -88 | -5 |
| Minority Interests | - | -59 | -52 | -52 | -48 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -26 | -15 | -88 | -5 |
| Gain On Sale Of Business | -18 | -1 | 0 | -88 | - |
| Impairment Of Capital Assets | - | 26 | 15 | 0 | 5 |
| Restructuring And Mergern Acquisition | 16 | -24 | 0 | - | - |
| Gain On Sale Of Security | 2 | -3 | - | - | - |
| General And Administrative Expense | 1,843 | 1,400 | 1,481 | - | - |
| Other Gand A | 1,413 | 1,390 | 1,473 | - | - |
| Salaries And Wages | 430 | 10 | 8 | - | - |
| Otherunder Preferred Stock Dividend | - | 4 | 0 | 0 | 0 |
| Earnings From Equity Interest | 11 | -6 | -1 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Masco Corporationthis co. | MAS | $14.1B | 17.41↓ discount | -75.82 | -435.5% | 12.05 |
| Generac Holdings Inc. | GNRC | $16.4B | 102.62 | 6.22 | 6.1% | 37.73 |
| IDEX Corporation | IEX | $16.0B | 33.13 | 3.97 | 12.0% | 19.12 |
| Nordson Corporation | NDSN | $16.0B | 32.95 | 5.24 | 15.9% | 21.06 |
| Textron Inc. | TXT | $15.8B | 17.20 |
| - |
| - |
| - |
| - |
| - |
| 2.01 |
| 11.7% |
| 10.63 |
| Jacobs Solutions Inc. | J | $14.6B | 50.43 | 4.01 | 7.9% | 17.33 |
| Stanley Black & Decker, Inc. | SWK | $12.3B | 30.68 | 1.36 | 4.4% | 12.47 |
| Pentair plc | PNR | $11.8B | 18.01 | 3.04 | 16.9% | 14.24 |
| Huntington Ingalls Industries, Inc. | HII | $11.6B | 19.18 | 2.29 | 11.9% | 11.36 |
| Peer Median | - | 31.81 | 3.51 | 11.8% | 15.79 | |