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NYSE · Materials

MasterBrand, Inc. (MBC)

As-reported financials and SEC filings for MasterBrand, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About MasterBrand, Inc.

MasterBrand, Inc. is the largest manufacturer of residential cabinets in North America, serving the remodeling and new construction markets in the United States and Canada. The company sells its products through three main channels: dealers, retailers, and builders. It offers a range of cabinetry products, including premium lines through its subsidiary Supreme Cabinetry Brands, and focuses on operational efficiency, technology integration, and strategic acquisitions to support growth.

Snapshot

Revenue
$2.73B
Revenue growth (YoY)
1.3%
Net income
$26.7M
Diluted EPS
$0.21
Gross margin
30.3%
Operating margin
4.4%
Net margin
1.0%
FCF margin
4.3%
ROE
2.0%
net income / fiscal-year-end equity
P/E
41.2×
trailing when available, otherwise FY EPS
Market cap
$1.76B
Long-term debt / equity
0.72×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 28, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at MasterBrand

  • Revenue grew 1.3% to $2.7B in FY2025, after a 0.9% decline the year before.
  • Operating margin is 4.4% in FY2025, -3.9 pp against 8.2% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $815M, up 11.5% from Q2 FY2025.
  • Free cash flow was $118M in FY2025, 4.3% of revenue.
  • Net income fell 78.8% to $27M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where MasterBrand’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin30.3%
58th percentile of 191
Operating margin4.4%
48th percentile of 189
Net margin1.0%
41st percentile of 221
FCF margin4.3%
51st percentile of 205
Revenue growth (YoY)+1.3%
48th percentile of 236
ROE2.0%
45th percentile of 216
P/E41.2×
80th percentile of 134
Long-term debt / equity0.72×
57th percentile of 165
Short interest8.69d
91st percentile of 238

3 reported insider purchases (code P) totaling $190,590 in the last 90 days, against 4 sales totaling $752,782. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+4 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$15.6M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$9.1M880.8KReduced
D. E. ShawquantQ2 2026$3.3M315.9KAdded
AQR Capital ManagementquantQ2 2026$2.2M214.1KReduced
Millennium ManagementquantQ2 2026$1.1M106.7KReduced

No longer held by: Citadel Advisors (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
3
3 insiders
Bought (90d)
$191K
code P value
Sells (90d)
4
$753K
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-08-25
filed 2026-08-26
Young Mark A.VP, Chief Accounting OfficerSell3.1K$9.15$28K
2026-08-25
filed 2026-08-26
Young Mark A.VP, Chief Accounting OfficerSell2.9K$9.15$27K
2026-08-11
filed 2026-08-13
Wanninger KurtEVP & Chief Operations OfficerSell50.0K$9.22$461K
2026-06-11
filed 2026-06-12
Fracassa Philip D.DirectorBuy5.0K$9.11$46K
2026-06-10
filed 2026-06-11
Kendrick Bruce AlanEVP & Chief HR OfficerSell26.2K$9.02$237K
2026-06-08
filed 2026-06-09
PETRATIS DAVID DDirectorBuy11.6K$8.82$102K
2026-06-04
filed 2026-06-05
Simon Andrea HelenEVP & CFOBuy5.0K$8.56$43K
2026-06-01
filed 2026-06-02
Banyard R DavidCEO & PresidentBuy60.0K$8.43$506K
2026-06-01
filed 2026-06-03
Young Mark A.VP, Chief Accounting OfficerSell11.8K$8.60$101K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
16.2M
settled 2026-08-14
Change vs prior
-0.9%
vs previous settlement
Days to cover
8.69
at avg daily volume
Avg daily volume
1.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1416.2M-0.9%8.69
2026-07-3116.3M-3.6%8.27
2026-07-1516.9M+6.7%9.23
2026-06-3015.9M-2.1%4.41
2026-06-1516.2M-48.4%4.04
2026-05-2931.5M+33.9%6.67
2026-05-1523.5M+2.4%5.88
2026-04-3023.0M+8.4%13.42

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.73B$2.70B$2.73B$3.28B$2.86B
Gross profit$827.6M$877.0M$901.4M$940.5M$783.9M
Operating income$119.0M$235.7M$306.3M$203.3M$234.3M
Net income$26.7M$125.9M$182.0M$155.4M$182.6M
Diluted EPS$0.21$0.96$1.40$1.20$1.43

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$183.3M$120.6M$148.7M$101.1M$141.4M
Current assets$695.9M$650.7M$677.2M$830.0M
Total assets$3.10B$2.93B$2.38B$2.53B
Current liabilities$415.7M$395.4M$349.4M$411.1M
Long-term debt$974.5M$1.01B$690.2M$961.5M
Total liabilities$1.76B$1.64B$1.19B$1.52B
Total equity$1.34B$1.29B$1.19B$1.01B$2.45B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$195.7M$292.0M$405.6M$235.6M$148.2M
Capital expenditure$78.2M$80.9M$57.3M$55.9M$51.6M
Free cash flow$117.5M$211.1M$348.3M$179.7M$96.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$815.2M11.5%$-57.6M$-0.38
Q1 FY2026$618.0M-6.4%$-15.4M$-0.12
Q4 FY2025$644.6M-3.5%$-42.0M$-0.33
Q3 FY2025$698.9M-2.7%$18.1M$0.14
Q2 FY2025$730.9M8.0%$37.3M$0.29
Q1 FY2025$660.3M3.5%$13.3M$0.10
Q4 FY2024$667.7M-1.4%$14.0M$0.11
Q3 FY2024$718.1M6.0%$29.1M$0.22

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industryWood Household Furniture, (No Upholstered)
Latest annual periodFY2025 (ended December 28, 2025)
Latest reported quarterQ2 FY2026 (ended June 28, 2026)
Oldest indexed filing2022
SEC CIK1941365

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K/A2026-06-26
View on EDGAR →
8-K2026-06-04
View on EDGAR →
8-K2026-05-28
View on EDGAR →

Largest Materials peers

All Materials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.