MBC Consumer Cyclical

MasterBrand, Inc.

$6.89-6.51%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Country: United States
Market cap: 1.4B USD
Enterprise value: 2.5B USD
Full-time employees: 12,633

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.48 vs a peer median of 0.63)higher risk: bigger price swings (beta 1.48 vs peers 0.63)

Ranks #1,418 of 1,502 consumer cyclical companies (bottom 6%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $56M vs $47M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −0.6% from December 2022 to December 2025.
Over three fiscal years MasterBrand recorded $56M of stock-based pay expense and spent $47M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years MasterBrand recorded $56M of stock-based pay expense and spent $47M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Earnings slid into a loss. Loss per share this year after a profit last year.
MasterBrand made a loss per share in its latest year after a profit the year before.
Operating margin at a 5-year low. 4.4% in 2025, the weakest of the last 5 years.
MasterBrand's operating margin fell to 4.4% in 2025, its lowest in the 5 years of filings we have.
Valuation signals disagree. Cheaper than 45% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, MasterBrand looks cheaper than 45% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

StockQuotient Score

19/ 100

Oct 5 19 → Nov 4 19

Valuation

Is the price right?

18/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 59.0% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield2.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.28Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield5.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.15Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield140.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.1%

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.14Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-2.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -1.09Sector median: 0.0425 · MAD: 0.0636

Revenue growth-0.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.57Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

13/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 3.5 points to -1.1%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-1.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.63Sector median: 0.0638 · MAD: 0.0461

Return on assets-2.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.15Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-0.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.36Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin26.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-4.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 27%

Why it changed since the Oct 27, 2026 close: Safety percentile 27 → 26

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.48

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.83Sector median: 0.6345 · MAD: 0.2980

Current ratio1.76×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.50Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.71×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.68Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about MasterBrand

Is MasterBrand getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.5 points to -1.1%; share count up 59.0%. Its overall score is unchanged at 19/100 since Oct 28, 2026.
How is MasterBrand valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,612 consumer cyclical peers. Earnings yield -6.9% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.9% vs peers 4.4% (weaker than 100% of peers).
Is MasterBrand growing?: More slowly than most of its peers. Growth scores 17/100 against 1,612 consumer cyclical peers. 3-year revenue growth -2.7% vs a peer median of 4.3% (weaker than 78% of peers).3-year revenue growth -2.7% vs peers 4.3% (weaker than 78% of peers).
How profitable is MasterBrand?: Less profitable than most of its peers. Profitability scores 13/100 against 1,612 consumer cyclical peers. Return on assets -2.2% vs a peer median of 3.3% (weaker than 91% of peers).Return on assets -2.2% vs peers 3.3% (weaker than 91% of peers).
How risky is MasterBrand?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.76× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.76× vs peers 1.48× (stronger than 62% of peers). Beta 1.48 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.48 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 28, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 29, 2026

Got weaker

Operating margin fell 3.5 points to -1.1%
Share count up 59.0% (existing holders diluted)
Debt up 27%

Worth watching: MasterBrand is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.7B USD	2.8B USD	+3.1%
Net income (12 months)	−2.0M USD	−96.9M USD	+4745.0%
Operating margin	2.4%	-1.1%	−3.5 pts
Free cash flow (12 months)	12.5M USD	74.4M USD	+495.2%
Debt	1.1B USD	1.4B USD	+27.0%
Cash	138.4M USD	241.6M USD	+74.6%
Shares outstanding	128.0M	203.5M	+59.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Furnishings, Fixtures & Appliances companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	27.5%	28.7%	33.1%	32.5%	30.3%	▼ 2.2 pts
Operating margin	8.2%	6.2%	11.2%	8.7%	4.4%	▼ 4.4 pts
Net margin	6.4%	4.7%	6.7%	4.7%	1.0%	▼ 3.7 pts
Return on assets (ROA)	—	6.1%	7.6%	4.3%	0.9%	▼ 3.4 pts
Return on equity (ROE)	7.4%	15.4%	15.2%	9.7%	2.0%	▼ 7.7 pts
Free cash flow margin	3.4%	5.5%	12.8%	7.8%	4.3%	▼ 3.5 pts
Current ratio	—	2.02×	1.94×	1.65×	1.67×	▲ 1.7%
Quick ratio	—	1.11×	1.22×	0.95×	1.03×	▲ 8.5%
Debt to equity	—	0.97×	0.60×	0.79×	0.73×	▼ 7.0%
Interest coverage	—	92.41×	4.70×	3.19×	1.61×	▼ 50%

MBC price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.48 vs a peer median of 0.63)higher risk: bigger price swings (beta 1.48 vs peers 0.63)

Ranks #1,418 of 1,502 consumer cyclical companies (bottom 6%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $56M vs $47M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −0.6% from December 2022 to December 2025.

Over three fiscal years MasterBrand recorded $56M of stock-based pay expense and spent $47M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years MasterBrand recorded $56M of stock-based pay expense and spent $47M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Earnings slid into a loss. Loss per share this year after a profit last year.

MasterBrand made a loss per share in its latest year after a profit the year before.

Operating margin at a 5-year low. 4.4% in 2025, the weakest of the last 5 years.

MasterBrand's operating margin fell to 4.4% in 2025, its lowest in the 5 years of filings we have.

Valuation signals disagree. Cheaper than 45% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, MasterBrand looks cheaper than 45% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Questions investors ask about MasterBrand

Is MasterBrand getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: operating margin fell 3.5 points to -1.1%; share count up 59.0%. Its overall score is unchanged at 19/100 since Oct 28, 2026.

How is MasterBrand valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 18/100 against 1,612 consumer cyclical peers. Earnings yield -6.9% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -6.9% vs peers 4.4% (weaker than 100% of peers).

Is MasterBrand growing?

More slowly than most of its peers. Growth scores 17/100 against 1,612 consumer cyclical peers. 3-year revenue growth -2.7% vs a peer median of 4.3% (weaker than 78% of peers).3-year revenue growth -2.7% vs peers 4.3% (weaker than 78% of peers).

How profitable is MasterBrand?

Less profitable than most of its peers. Profitability scores 13/100 against 1,612 consumer cyclical peers. Return on assets -2.2% vs a peer median of 3.3% (weaker than 91% of peers).Return on assets -2.2% vs peers 3.3% (weaker than 91% of peers).

How risky is MasterBrand?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 1.76× vs a peer median of 1.48× (stronger than 62% of peers).Current ratio 1.76× vs peers 1.48× (stronger than 62% of peers). Beta 1.48 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.48 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.7B USD

2.8B USD

+3.1%

Net income (12 months)

−2.0M USD

−96.9M USD

+4745.0%

Operating margin

2.4%

-1.1%

−3.5 pts

Free cash flow (12 months)

12.5M USD

74.4M USD

+495.2%

Debt

1.1B USD

1.4B USD

+27.0%

Cash

138.4M USD

241.6M USD

+74.6%

Shares outstanding

128.0M

203.5M

+59.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

27.5%

28.7%

33.1%

32.5%

30.3%

▼ 2.2 pts

Operating margin

8.2%

6.2%

11.2%

8.7%

4.4%

▼ 4.4 pts

Net margin

6.4%

4.7%

6.7%

4.7%

1.0%

▼ 3.7 pts

Return on assets (ROA)

—

6.1%

7.6%

4.3%

0.9%

▼ 3.4 pts

Return on equity (ROE)

7.4%

15.4%

15.2%

9.7%

2.0%

▼ 7.7 pts

Free cash flow margin

3.4%

5.5%

12.8%

7.8%

4.3%

▼ 3.5 pts

Current ratio

—

2.02×

1.94×

1.65×

1.67×

▲ 1.7%

Quick ratio

—

1.11×

1.22×

0.95×

1.03×

▲ 8.5%

Debt to equity

—

0.97×

0.60×

0.79×

0.73×

▼ 7.0%

Interest coverage

—

92.41×

4.70×

3.19×

1.61×

▼ 50%