15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.0% per year over the past 5 years.
Net income has grown slower than revenue (-7.9% vs 1.0% per year).
Operating margin has contracted, at 16.5% in the latest year.
Free cash flow has grown 0.6% per year over the past 5 years.
Financial health
Total debt ($2.9B) exceeds cash ($647M); net debt is $2.3B.
Total debt has grown in line with revenue (1.1% vs 1.0% per year).
Operating income covered interest expense 12× in the latest year.
Total debt is 2.1× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 32.2% of earnings and 30.1% of free cash flow.
The dividend has grown 12.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$7.6B
$810M
35.4%
16.5%
$866M
$2.9B
$647M
2024
$7.8B
$822M
36.2%
17.4%
$907M
$2.9B
$634M
2023
$8.0B
$908M
35.6%
16.9%
$1.2B
$2.9B
$634M
2022
$8.7B
$844M
31.3%
14.9%
$616M
$3.2B
$452M
2021
$8.4B
$410M
34.2%
16.8%
$802M
$3.0B
$926M
2020
$7.2B
$1.2B
36.0%
18.0%
$839M
$2.8B
$1.3B
2019
$6.7B
$935M
35.4%
16.2%
$671M
$2.8B
$697M
2018
$6.7B
$734M
35.0%
16.2%
$813M
$3.0B
$552M
2017
$6.0B
$533M
36.9%
17.1%
$578M
$3.1B
$1.2B
2016
$7.4B
$493M
33.4%
14.8%
$609M
$3.0B
$990M
2015
—
$355M
—
—
$652M
$3.4B
$1.5B
2014
—
$856M
—
—
$474M
$3.4B
$1.4B
2013
—
$288M
—
—
$519M
$3.4B
$1.2B
2012
—
-$114M
—
—
$162M
$3.6B
$1.0B
2011
—
-$575M
—
—
$88M
$4.0B
$1.4B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.9B
$213M
35.8%
16.5%
-$113M
$2.9B
$388M
Dec '25
$1.8B
$165M
33.8%
13.8%
$371M
$2.9B
$647M
Sep '25
$1.9B
$189M
34.2%
15.8%
$415M
$2.9B
$559M
Jun '25
$2.1B
$270M
37.6%
20.1%
$270M
$2.9B
$390M
Mar '25
$1.8B
$186M
35.8%
15.9%
-$190M
$2.9B
$377M
Dec '24
$1.8B
$182M
34.8%
15.9%
$351M
$2.9B
$634M
Sep '24
$2.0B
$167M
36.6%
18.0%
$378M
$2.9B
$646M
Jun '24
$2.1B
$258M
37.5%
19.0%
$303M
$2.9B
$398M
Mar '24
$1.9B
$215M
35.6%
16.5%
-$125M
$2.9B
$368M
Dec '23
$1.9B
$191M
34.8%
13.1%
$423M
$2.9B
$634M
Sep '23
$2.0B
$249M
37.6%
19.4%
$432M
$2.9B
$560M
Jun '23
$2.1B
$263M
36.2%
18.9%
$343M
$2.9B
$380M
Mar '23
$2.0B
$205M
33.8%
15.9%
-$28M
$2.9B
$510M
Dec '22
$1.9B
$115M
28.3%
9.6%
$233M
$3.2B
$452M
Sep '22
$2.2B
$218M
31.5%
15.9%
$279M
$2.9B
$464M
Jun '22
$2.4B
$278M
32.7%
17.3%
$358M
$2.9B
$440M
Mar '22
$2.2B
$233M
32.0%
16.0%
-$254M
$2.9B
$479M
Dec '21
$2.0B
$132M
30.6%
10.8%
$289M
$3.0B
$926M
Sep '21
$2.2B
$220M
34.2%
17.5%
$327M
$3.0B
$854M
Jun '21
$2.2B
-$36M
36.3%
20.1%
$305M
$3.0B
$769M
Valuation over time
How the market has priced MAS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 11.9× (Mar '23) to 19.9× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 2.1× (Jun '26).
The dividend yield has fallen from 2.6% (Mar '23) to 1.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is MAS growing its revenue and profit?
Over the past 5 years, Masco's revenue has grown 1.0% per year, and net income declined 7.9% per year. These are computed facts, not advice.
How much debt does MAS have?
As of FY2025, Masco reported $2.9B of total debt against $647M of cash; operating income covered interest expense 12×.
What is MAS's profit margin?
In FY2025, gross margin was 35.4%, operating margin 16.5%, and net margin 10.7%.
What is MAS's P/E ratio?
As of Jun '26, Masco traded at a price-to-earnings ratio of about 19.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.