Masco income statement
In fiscal 2025, Masco reported revenue of $7.56bn, down 3.4% on the year before, operating income of $1.25bn (a 16.5% margin) and net income of $810m, or $3.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,657 | 7,486 | 7,170 | 7,495 | 6,761 | 7,006 | 7,142 | 7,361 | 6,014 | 6,654 | 6,707 | 7,188 | 8,375 | 8,680 | 7,967 | 7,828 | 7,562 | 7,669 |
| Cost of revenue | 5,647 | 5,653 | 5,383 | 5,539 | 4,802 | 4,946 | 4,889 | 4,899 | 3,794 | 4,327 | 4,336 | 4,601 | 5,512 | 5,967 | 5,131 | 4,997 | 4,883 | 4,789 |
| Gross profit | 2,010 | 1,833 | 1,787 | 1,956 | 1,959 | 2,060 | 2,253 | 2,462 | 2,220 | 2,327 | 2,371 | 2,587 | 2,863 | 2,713 | 2,836 | 2,831 | 2,679 | 2,880 |
| Selling, general and administrative | 1,678 | 1,598 | 1,543 | 1,535 | 1,347 | 1,347 | 1,339 | 1,375 | 1,191 | 1,250 | 1,274 | 1,292 | 1,413 | 1,390 | 1,473 | 1,468 | 1,426 | 1,501 |
| Operating income | 70 | −463 | −215 | 302 | 612 | 721 | 914 | 1,087 | 1,029 | 1,077 | 1,088 | 1,295 | 1,405 | 1,297 | 1,348 | 1,363 | 1,248 | 1,371 |
| Interest expense | 225 | 251 | 254 | 254 | 235 | 225 | 225 | 229 | 279 | 156 | 159 | 144 | 278 | 108 | 106 | 99 | 101 | 107 |
| Income before tax | −136 | −741 | −383 | 73 | 386 | 507 | 689 | 832 | 718 | 907 | 914 | 1,131 | 688 | 1,193 | 1,238 | 1,161 | 1,135 | 1,280 |
| Income tax | −44 | 240 | −40 | 91 | 86 | −361 | 293 | 296 | 245 | 221 | 230 | 269 | 210 | 288 | 278 | 287 | 277 | 303 |
| Net income | −183 | −1,043 | −575 | −114 | 288 | 856 | 355 | 493 | 533 | 734 | 935 | 1,224 | 410 | 844 | 908 | 822 | 810 | 926 |
| Diluted EPS | −$0.53 | −$3.00 | −$1.66 | −$0.33 | $0.80 | $2.38 | $1.02 | $1.48 | $1.66 | $2.37 | $3.22 | $4.59 | $1.62 | $3.63 | $4.02 | $3.76 | $3.86 | $4.60 |
| Diluted shares (average) | 351m | 349m | 348m | 349m | 352m | 352m | 341m | 330m | 318m | 307m | 288m | 264m | 251m | 232m | 226m | 219m | 210m | 202m |
| EBITDA | 315 | −191 | 48 | 516 | 798 | 888 | 1,047 | 1,221 | 1,156 | 1,233 | 1,247 | 1,428 | 1,556 | 1,442 | 1,497 | 1,513 | 1,396 | 1,523 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,828 | 1,801 | 2,051 | 1,917 | 1,793 | 1,918 | 1,992 | 1,966 |
| Cost of revenue | 1,192 | 1,157 | 1,278 | 1,261 | 1,187 | 1,232 | 1,124 | 1,246 |
| Gross profit | 636 | 644 | 772 | 656 | 606 | 686 | 868 | 720 |
| Selling, general and administrative | 345 | 358 | 361 | 353 | 354 | 369 | 397 | 381 |
| Operating income | 290 | 286 | 412 | 303 | 247 | 316 | 470 | 338 |
| Interest expense | 24 | 26 | 26 | 25 | 24 | 26 | 28 | 29 |
| Income before tax | 258 | 254 | 378 | 276 | 227 | 291 | 440 | 322 |
| Income tax | 65 | 56 | 95 | 76 | 51 | 63 | 107 | 82 |
| Net income | 182 | 186 | 270 | 189 | 165 | 213 | 318 | 230 |
| Diluted EPS | $0.85 | $0.87 | $1.28 | $0.90 | $0.80 | $1.05 | $1.60 | $1.17 |
| EBITDA | 327 | 321 | 448 | 341 | 286 | 354 | 508 | 375 |
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