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.
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 | $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 | - | - |
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 |
| 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 |
| Operating Income | - | 274.80 | 316.40 | 253.70 | 134.20 |
| EBITDA | - | 280.10 | 368.20 | 319.60 | 213.90 |
| EBIT | - | 215.60 | 303.90 | 242.30 | 120.40 |
| Pretax Income | - | 213.40 | 238.70 | 168.30 | 46.30 |
| Tax Provision | - | 58 | 56.70 | 42.40 | 19.60 |
| Net Income | - | 155.40 | 182 | 125.90 | 26.70 |
| Net Income Common Stockholders | - | 155.40 | 182 | 125.90 | 26.70 |
| Total Expenses | - | 3,000.70 | 2,409.80 | 2,446.70 | 2,600.50 |
| Interest Expense | - | 2.20 | 65.20 | 74 | 74.10 |
| Interest Income | 4.60 | 12.90 | 0 | 0 | - |
| Selling General And Administration | - | 648.50 | 569.70 | 603.10 | 667.80 |
| Normalized EBITDA | - | 352.70 | 381.50 | 331.30 | 229.20 |
| Normalized Income | - | 208.25 | 192.14 | 134.65 | 38.79 |
| Market Cap | 1,197.92 | 1,197.92 | 1,197.92 | 1,197.92 | 1,197.92 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MasterBrand, Inc.this co. | MBC | $1.2B | 44.87β premium | 0.89 | 2.0% | 10.23 |
| G-III Apparel Group, Ltd. | GIII | $1.3B | 19.64 | 0.75 | 3.8% | 8.57 |
| XPEL, Inc. | XPEL | $1.3B | 25.13 | 4.59 | 18.3% | 16.27 |
| Savers Value Village, Inc. | SVV | $1.3B | 58.79 | 2.93 | 5.2% | 12.13 |
| Papa John's International, Inc. | PZZA | $1.3B |
| - |
| - |
| - |
| - |
| - |
| 39.87 |
| -2.74 |
| -6.9% |
| 11.68 |
| Pursuit Attractions and Hospitality, Inc. | PRSU | $1.2B | 50.90 | 1.98 | 3.9% | 11.99 |
| Lindblad Expeditions Holdings, Inc. | LIND | $1.2B | - | -3.44 | 19.4% | 14.76 |
| Liquidity Services, Inc. | LQDT | $1.1B | 38.52 | 5.32 | 13.8% | 20.26 |
| LGI Homes, Inc. | LGIH | $1.1B | 14.50 | 0.50 | 3.5% | 31.64 |
| Peer Median | - | 38.52 | 1.37 | 4.5% | 13.45 | |