MASNYSEHeating Equip, Except Elec & Warm Air; & Plumbing FixturesFiscal year ends December 31
MASCO CORP /DE/
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$73.00+0.13 (+0.18%)
Close on Oct 19, 2026
- Market cap
- $14.89B
- P/E (TTM)
- 18.1
- Dividend yield
- 1.70%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
35.4%−0.6 pts over 5 years
Operating margin
16.5%−1.5 pts over 5 years
Net margin
10.7%−6.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.4% | -4.5% | +1.0% | +0.6% | |
| Gross profit | -5.4% | -0.4% | +0.7% | +1.7% | |
| Operating income | -8.4% | -1.3% | -0.7% | +3.2% | |
| Net income | -1.5% | -1.4% | -7.9% | +8.6% | |
| EPS, diluted | +2.7% | +2.1% | -3.4% | +14.2% | |
| Free cash flow | -4.5% | +12.0% | +0.6% | +2.9% | |
| Dividend per share | +6.9% | +3.5% | +17.9% | +13.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -227.7% | -6120.0% | -349.1% | |
| Return on assets | 9.1% | 22.7% | 15.9% | |
| Current ratio | 2.01 | 1.80 | 1.81 | |
| Debt to equity | -10.05 | 14.32 | -15.92 | |
| Net debt to EBITDA | 1.64× | 1.03× | 1.65× | |
| Interest coverage | 4.7× | 9.0× | 12.4× | |
| Inventory turnover | 7.0× | 5.6× | 4.9× | |
| Capex to revenue | 2.4% | 1.6% | 2.1% | |
| Diluted shares | 330M | 264M | 210M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Masco generated $5.28B from operations and spent $5.78B on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$5.28B
Used
$5.78B
Capital expenditure$919.00M16%Dividends$1.24B21%Share buybacks$3.62B63%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.7%
×Asset turnover1.48×
×Equity multiplier-22.02×
=Return on equity, FY2025-349.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.7% | 1.48× | -22.02× | -349.1% |
| FY2024 | 10.5% | 1.51× | -25.63× | -405.9% |
| FY2023 | 11.4% | 1.51× | -17.41× | -299.7% |
| FY2022 | 9.7% | 1.61× | -16.33× | -256.1% |
| FY2021 | 4.9% | 1.48× | 709.50× | 5125.0% |
| FY2020 | 17.0% | 1.33× | -270.10× | -6120.0% |
| FY2019 | 13.9% | 1.29× | -30.12× | -540.5% |
| FY2018 | 11.0% | 1.22× | -66.63× | -895.1% |
| FY2017 | 8.9% | 1.12× | -30.48× | -303.7% |
| FY2016 | 6.7% | 1.36× | -25.01× | -227.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$810.00M
- Cash generatingOperating cash flow above zero$1.02B
- Return on assets improvedROA up on the prior year15.3% → 16.1%
- Earnings backed by cashOperating cash flow above net income$1.02B vs $810.00M
- Less leverageLong-term debt to assets fell58.7% → 56.6%
- Better liquidityCurrent ratio rose1.75 → 1.81
- No dilutionShare count did not rise219M → 210M
- Gross margin improvedGross margin up on the prior year36.17% → 35.43%
- More efficientAsset turnover rose1.46 → 1.51