MasterBrand, Inc.

MBC

Consumer CyclicalSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

MasterBrand, Inc. engages in the manufacture and sale of residential cabinets in the United States, Canada, and Mexico. The company offers a range of residential cabinetry products, such as stock, semi-custom, and premium cabinetry for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders. MasterBrand, Inc. was founded in 1954 and is headquartered in Beachwood, Ohio.

Valuation

Market Cap$1.1B

Current Price$8.53as of Jun 23, 2026

P/E Ratio39.88

P/B Ratio0.79

EV / EBITDA9.61

EV / Sales0.75

Profitability

Operating Margin4.9%

Net Profit Margin1.0%

EBITDA Margin7.8%

Returns

ROE2.0%

ROCE5.0%

ROIC %-

ROA0.9%

Solvency

Current Ratio1.67

Debt / Equity0.87

Debt / Assets0.38

CFO / Net Profit7.33

Price History▼ 19.45% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$2.7B▲ 1.3%

EBITDA$214M▼ 33.1%

Net Profit$27M▼ 78.8%

Cash from Ops (CFO)$196M▼ 33.0%

Free Cash Flow (FCF)$118M▼ 44.3%

Revenue CAGR 3Y-5.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-44.4%

Net Profit CAGR 5Y-

Historical Growth

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	$2.7B	$214M	$27M	$118M	2.0%	1.3%	-78.8%
2024	$2.7B	$320M	$126M	$211M	9.7%	-0.9%	-30.8%
2023	$2.7B	$368M	$182M	$348M	15.2%	-16.8%	17.1%
2022	$3.3B	$280M	$155M	$180M	15.4%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	3,275.50	2,726.20	2,700.40	2,734.70
Operating Revenue	-	3,275.50	2,726.20	2,700.40	2,734.70
Cost Of Revenue	-	2,335	1,824.80	1,823.40	1,907.10
Gross Profit	-	940.50	901.40	877	827.60
Operating Expense	-	665.70	585	623.30	693.40
Selling General And Administration	-	648.50	569.70	603.10	667.80
Total Expenses	-	3,000.70	2,409.80	2,446.70	2,600.50
Operating Income	-	274.80	316.40	253.70	134.20
Total Operating Income As Reported	-	203.30	306.30	235.70	119
EBITDA	-	280.10	368.20	319.60	213.90
Normalized EBITDA	-	352.70	381.50	331.30	229.20
EBIT	-	215.60	303.90	242.30	120.40
Interest Income	4.60	12.90	0	0	-
Interest Expense	-	2.20	65.20	74	74.10
Net Interest Income	-	10.70	-65.20	-74	-74.10
Other Non Operating Income Expenses	-	0.50	0.80	0.30	1.50
Other Income Expense	-	-72.10	-12.50	-11.40	-13.80
Interest Income Non Operating	4.60	12.90	0	0	-
Interest Expense Non Operating	-	2.20	65.20	74	74.10
Net Non Operating Interest Income Expense	-	10.70	-65.20	-74	-74.10
Pretax Income	-	213.40	238.70	168.30	46.30
Tax Provision	-	58	56.70	42.40	19.60
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-19.75	-3.16	-2.95	-3.21
Net Income Continuous Operations	-	155.40	182	125.90	26.70
Net Income From Continuing And Discontinued Operation	-	155.40	182	125.90	26.70
Net Income From Continuing Operation Net Minority Interest	-	155.40	182	125.90	26.70
Net Income	-	155.40	182	125.90	26.70
Net Income Common Stockholders	-	155.40	182	125.90	26.70
Net Income Including Noncontrolling Interests	-	155.40	182	125.90	26.70
Normalized Income	-	208.25	192.14	134.65	38.79
Diluted NI Availto Com Stockholders	-	155.40	182	125.90	26.70
Basic Average Shares	-	128	127.80	127.10	127
Diluted Average Shares	-	129.10	129.90	130.90	129.20
Reconciled Depreciation	-	64.50	64.30	77.30	93.50
Reconciled Cost Of Revenue	-	2,287.70	1,775.80	1,766.30	1,839.20
Total Unusual Items	-	-72.60	-13.30	-11.70	-15.30
Total Unusual Items Excluding Goodwill	-	-72.60	-13.30	-11.70	-15.30
Special Income Charges	-	-71.50	-10.10	-13.70	-15.20
Write Off	0	46.40	0	0	-
Restructuring And Mergern Acquisition	-	25.10	10.10	18	15.20
Gain On Sale Of Security	-	-1.10	-3.20	2	-0.10
Depreciation Amortization Depletion Income Statement	-	17.20	15.30	20.20	25.60
Depreciation And Amortization In Income Statement	-	17.20	15.30	20.20	25.60
General And Administrative Expense	-	648.50	569.70	603.10	667.80
Other Gand A	-	648.50	569.70	603.10	667.80
Salaries And Wages	-2	-1.30	2.90	4.10	-
Gain On Sale Of Ppe	-	0	0	4.30	0
Amortization	-	17.20	15.30	20.20	25.60
Amortization Of Intangibles Income Statement	-	17.20	15.30	20.20	25.60

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
MasterBrand, Inc.this co.	MBC	$1.1B	39.88↑ premium	0.79	2.0%	9.61
Liquidity Services, Inc.	LQDT	$1.2B	41.00	5.67	13.8%	21.79
Sally Beauty Holdings, Inc.	SBH	$1.1B	5.84	1.44	24.7%	5.98
The RealReal, Inc.	REAL	$1.1B	-26.17	-2.63	10.1%	72.97
Papa John's International, Inc.	PZZA	$1.1B

Learn while you research

Hand-picked academy chapters to deepen your understanding of MasterBrand, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.7B

$214M

$27M

$118M

2.0%

1.3%

-78.8%

2024

$2.7B

$320M

$126M

$211M

9.7%

-0.9%

-30.8%

2023

$2.7B

$368M

$182M

$348M

15.2%

-16.8%

17.1%

2022

$3.3B

$280M

$155M

$180M

15.4%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

3,275.50

2,726.20

2,700.40

2,734.70

Operating Revenue

3,275.50

2,726.20

2,700.40

2,734.70

Cost Of Revenue

2,335

1,824.80

1,823.40

1,907.10

Gross Profit

940.50

901.40

877

827.60

Operating Expense

665.70

585

623.30

693.40

Selling General And Administration

648.50

569.70

603.10

667.80

Total Expenses

3,000.70

2,409.80

2,446.70

2,600.50

Operating Income

274.80

316.40

253.70

134.20

Total Operating Income As Reported

203.30

306.30

235.70

119

EBITDA

280.10

368.20

319.60

213.90

Normalized EBITDA

352.70

381.50

331.30

229.20

EBIT

215.60

303.90

242.30

120.40

Interest Income

4.60

12.90

Interest Expense

2.20

65.20

74.10

Net Interest Income

10.70

-65.20

-74

-74.10

Other Non Operating Income Expenses

0.50

0.80

0.30

1.50

Other Income Expense

-72.10

-12.50

-11.40

-13.80

Interest Income Non Operating

4.60

12.90

Interest Expense Non Operating

2.20

65.20

74.10

Net Non Operating Interest Income Expense

10.70

-65.20

-74

-74.10

Pretax Income

213.40

238.70

168.30

46.30

Tax Provision

56.70

42.40

19.60

Tax Rate For Calcs

Tax Effect Of Unusual Items

-19.75

-3.16

-2.95

-3.21

Net Income Continuous Operations

155.40

182

125.90

26.70

Net Income From Continuing And Discontinued Operation

155.40

182

125.90

26.70

Net Income From Continuing Operation Net Minority Interest

155.40

182

125.90

26.70

Net Income

155.40

182

125.90

26.70

Net Income Common Stockholders

155.40

182

125.90

26.70

Net Income Including Noncontrolling Interests

155.40

182

125.90

26.70

Normalized Income

208.25

192.14

134.65

38.79

Diluted NI Availto Com Stockholders

155.40

182

125.90

26.70

Basic Average Shares

128

127.80

127.10

127

Diluted Average Shares

129.10

129.90

130.90

129.20

Reconciled Depreciation

64.50

64.30

77.30

93.50

Reconciled Cost Of Revenue

2,287.70

1,775.80

1,766.30

1,839.20

Total Unusual Items

-72.60

-13.30

-11.70

-15.30

Total Unusual Items Excluding Goodwill

-72.60

-13.30

-11.70

-15.30

Special Income Charges

-71.50

-10.10

-13.70

-15.20

Write Off

46.40

Restructuring And Mergern Acquisition

25.10

10.10

15.20

Gain On Sale Of Security

-1.10

-3.20

-0.10

Depreciation Amortization Depletion Income Statement

17.20

15.30

20.20

25.60

Depreciation And Amortization In Income Statement

17.20

15.30

20.20

25.60

General And Administrative Expense

648.50

569.70

603.10

667.80

Other Gand A

648.50

569.70

603.10

667.80

Salaries And Wages

-2

-1.30

2.90

4.10

Gain On Sale Of Ppe

4.30

Amortization

17.20

15.30

20.20

25.60

Amortization Of Intangibles Income Statement

17.20

15.30

20.20

25.60

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

MasterBrand, Inc.this co.

MBC

$1.1B

39.88↑ premium

0.79

2.0%

9.61

Liquidity Services, Inc.

LQDT

$1.2B

41.00

5.67

13.8%

21.79

Sally Beauty Holdings, Inc.

SBH

$1.1B

5.84

1.44

24.7%

5.98

The RealReal, Inc.

REAL

$1.1B

-26.17

-2.63

10.1%

72.97

Papa John's International, Inc.

PZZA

$1.1B

MasterBrand, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

MasterBrand, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on