Masterbrand, Inc. income statement
In fiscal 2025, Masterbrand, Inc. reported revenue of $2.73bn, up 1.3% on the year before, operating income of $119m (a 4.4% margin) and net income of $26.7m, or $0.21 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 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 2,855 | 3,276 | 2,726 | 2,700 | 2,735 | 2,777 |
| Cost of revenue | 2,071 | 2,335 | 1,825 | 1,823 | 1,907 | 2,029 |
| Gross profit | 784 | 941 | 901 | 877 | 828 | 748 |
| Selling, general and administrative | 528 | 649 | 570 | 603 | 668 | 727 |
| Operating income | 234 | 203 | 306 | 236 | 119 | −32 |
| Interest expense | 0 | 2 | 65 | 74 | 74 | 75 |
| Income before tax | 238 | 213 | 239 | 168 | 46 | −105 |
| Income tax | 56 | 58 | 57 | 42 | 20 | −8 |
| Net income | 183 | 155 | 182 | 126 | 27 | −97 |
| Diluted EPS | $1.43 | $1.20 | $1.40 | $0.96 | $0.21 | −$0.72 |
| Diluted shares (average) | 128m | 129m | 130m | 131m | 129m | 135m |
| EBITDA | 279 | 251 | 355 | 293 | 187 | 46 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 718 | 668 | 660 | 731 | 699 | 645 | 618 | 815 |
| Cost of revenue | 480 | 464 | 458 | 491 | 481 | 477 | 461 | 610 |
| Gross profit | 238 | 203 | 202 | 240 | 218 | 168 | 157 | 206 |
| Selling, general and administrative | 166 | 152 | 154 | 159 | 168 | 187 | 156 | 217 |
| Operating income | 58 | 38 | 37 | 67 | 42 | −27 | −19 | −28 |
| Interest expense | 20 | 19 | 19 | 19 | 18 | 18 | 18 | 21 |
| Income before tax | 39 | 20 | 17 | 49 | 23 | −43 | −36 | −49 |
| Income tax | 10 | 6 | 4 | 12 | 5 | −1 | −21 | 9 |
| Net income | 29 | 14 | 13 | 37 | 18 | −42 | −15 | −58 |
| Diluted EPS | $0.22 | $0.10 | $0.10 | $0.29 | $0.14 | −$0.32 | −$0.12 | −$0.38 |
| EBITDA | 71 | 55 | 54 | 98 | 46 | −10 | −2 | 13 |
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