Tearsheet

MasterBrand (MBC)

Market Price (4/22/2026): $9.085 | Market Cap: $1.2 Bil
Sector: Industrials | Industry: Building Products

MasterBrand (MBC)

Market Price (4/22/2026): $9.085
Market Cap: $1.2 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%

Attractive yield
FCF Yield is 10%

Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.

Weak multi-year price returns
2Y Excs Rtn is -86%, 3Y Excs Rtn is -51%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.5%, Rev Chg QQuarterly Revenue Change % is -3.5%

Key risks
MBC key risks include [1] significant financial leverage, Show more.

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
1	Attractive yield FCF Yield is 10%
2	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -86%, 3Y Excs Rtn is -51%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86%
6	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.5%, Rev Chg QQuarterly Revenue Change % is -3.5%
7	Key risks MBC key risks include [1] significant financial leverage, Show more.

Valuation, Metrics & Events

	4/22/26	2025	2024	2023	2022
Share Price CYE	$9.09	$11.04	$14.61	$14.85	$7.55
Market Cap CYE ($ Bil)	1.2	1.4	1.9	1.9	1.0
Total Debt ($ Bil)	1.2	1.2	1.1	0.8	1.0
Total Cash ($ Bil)	0.2	0.2	0.1	0.1	0.1
Enterprise Value ($ Bil)	2.1	2.6	3.0	2.7	2.0
Valuation Ratios
P/S TTM	0.4	0.5	0.7	0.7	0.3
P/EBIT TTM	9.6	11.6	7.7	6.2	4.5
P/E TTM	43.2	52.5	14.8	10.4	6.2
P/FCF TTM	9.8	11.9	8.8	5.4	5.4
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5	1.4	1.2
P/EBIT TTM (Sector)	11.6	11.5	11.4	10.9	8.9
P/E TTM (Sector)	15.9	15.4	14.7	14.9	11.9
P/FCF TTM (Sector)	12.1	11.6	12.7	10.9	7.9

	4/22/26	2025	2024
Share Price CYE	$9.09	$11.04	$14.61
Market Cap CYE ($ Bil)	1.2	1.4	1.9
Total Debt ($ Bil)	1.2	1.2	1.1
Total Cash ($ Bil)	0.2	0.2	0.1
Enterprise Value ($ Bil)	2.1	2.6	3.0
Valuation Ratios
P/S TTM	0.4	0.5	0.7
P/EBIT TTM	9.6	11.6	7.7
P/E TTM	43.2	52.5	14.8
P/FCF TTM	9.8	11.9	8.8
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5
P/EBIT TTM (Sector)	11.6	11.5	11.4
P/E TTM (Sector)	15.9	15.4	14.7
P/FCF TTM (Sector)	12.1	11.6	12.7

	MBC	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.7
Rev Chg Q	-3.5%	7.5%
Rev Chg LTM	1.3%	6.9%
Rev Chg 3Y Avg	-5.5%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	4.9%	18.6%
CFO/Rev LTM	7.2%	20.6%
Net Inc Mgn	1.0%	12.8%
VALUATION	MODERATE
P/S	0.4	3.3
P/CFO	5.9	15.7
P/FCF	9.8	20.4
P/E	43.2	24.4
STABILITY	POOR
Debt/Equity	1.02	0.20
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Dealer Network Size	over 7,700	11042025	Link
Number of Manufacturing Facilities	more than 20	1172024	Link
Number of Employees	more than 13,000	11042025	Link
Sales through Dealer Channels	55%	11042025	Link
Sales through Retail Channels	32%	11042025	Link
Sales through Builder Channels	13%	11042025	Link

Upcoming
5/05/2026	Earnings Release	Rev: $616 Mil (E) EPS: $-0.04 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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MasterBrand (MBC) stock has lost about 20% since 12/31/2025 because of the following key factors:

1. MasterBrand reported a significant adjusted earnings per share (EPS) miss for Q4 2025 and provided a weak outlook for Q1 2026. The company posted an adjusted loss of -$0.02 per share for the fourth quarter of 2025, substantially missing analyst expectations of $0.14 per share. This was coupled with a disappointing Q1 2026 forecast, projecting an adjusted loss per share between -$0.06 and $0.00, which fell below the consensus estimate of $0.12. The Q1 2026 outlook also anticipated a mid-to-high single-digit percentage decrease in net sales. Following these announcements, MasterBrand's shares plunged over 13.2% in after-hours trading.

2. The company faced a soft demand environment and a challenging residential cabinet market. Management highlighted "soft demand" and a "mid-single-digit year-on-year market decline" within its addressable market for Q4 2025. Looking ahead, MasterBrand expects its addressable market to be down mid-single digits for the full year 2026, indicating a prolonged period of weakness in the residential cabinetry sector. This reflects broader macroeconomic conditions impacting consumer spending on home-related products and a cautious housing market.

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Stock Movement Drivers

Fundamental Drivers

The -17.7% change in MBC stock from 12/31/2025 to 4/21/2026 was primarily driven by a -67.4% change in the company's Net Income Margin (%).

(LTM values as of)	12312025	4212026	Change
Stock Price ($)	11.04	9.09	-17.7%
Change Contribution By:
Total Revenues ($ Mil)	2,758	2,735	-0.8%
Net Income Margin (%)	3.0%	1.0%	-67.4%
P/E Multiple	16.9	43.2	155.6%
Shares Outstanding (Mil)	127	127	-0.2%
Cumulative Contribution			-17.7%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/21/2026

	Return	Correlation
MBC	-17.7%
Market (SPY)	-5.4%	39.8%
Sector (XLI)	10.5%	49.3%

Fundamental Drivers

The -31.0% change in MBC stock from 9/30/2025 to 4/21/2026 was primarily driven by a -71.1% change in the company's Net Income Margin (%).

(LTM values as of)	9302025	4212026	Change
Stock Price ($)	13.17	9.09	-31.0%
Change Contribution By:
Total Revenues ($ Mil)	2,777	2,735	-1.5%
Net Income Margin (%)	3.4%	1.0%	-71.1%
P/E Multiple	17.8	43.2	142.6%
Shares Outstanding (Mil)	127	127	-0.2%
Cumulative Contribution			-31.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/21/2026

	Return	Correlation
MBC	-31.0%
Market (SPY)	-2.9%	33.4%
Sector (XLI)	11.5%	43.9%

Fundamental Drivers

The -30.4% change in MBC stock from 3/31/2025 to 4/21/2026 was primarily driven by a -79.1% change in the company's Net Income Margin (%).

(LTM values as of)	3312025	4212026	Change
Stock Price ($)	13.06	9.09	-30.4%
Change Contribution By:
Total Revenues ($ Mil)	2,700	2,735	1.3%
Net Income Margin (%)	4.7%	1.0%	-79.1%
P/E Multiple	13.2	43.2	227.2%
Shares Outstanding (Mil)	127	127	0.3%
Cumulative Contribution			-30.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/21/2026

	Return	Correlation
MBC	-30.4%
Market (SPY)	16.3%	44.7%
Sector (XLI)	32.2%	49.3%

Fundamental Drivers

The 13.1% change in MBC stock from 3/31/2023 to 4/21/2026 was primarily driven by a 552.9% change in the company's P/E Multiple.

(LTM values as of)	3312023	4212026	Change
Stock Price ($)	8.04	9.09	13.1%
Change Contribution By:
Total Revenues ($ Mil)	3,276	2,735	-16.5%
Net Income Margin (%)	4.7%	1.0%	-79.4%
P/E Multiple	6.6	43.2	552.9%
Shares Outstanding (Mil)	128	127	0.8%
Cumulative Contribution			13.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/21/2026

	Return	Correlation
MBC	13.1%
Market (SPY)	63.3%	43.2%
Sector (XLI)	76.7%	49.9%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MBC Return	-	-24%	97%	-2%	-24%	-16%	-8%
Peers Return	40%	-26%	78%	-7%	-23%	-7%	23%
S&P 500 Return	27%	-19%	24%	23%	16%	4%	89%
Monthly Win Rates [3]
MBC Win Rate	-	0%	75%	42%	42%	50%
Peers Win Rate	55%	42%	58%	52%	38%	60%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
MBC Max Drawdown	-	-25%	-4%	-8%	-35%	-30%
Peers Max Drawdown	-11%	-39%	-2%	-15%	-30%	-18%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMWD, FBIN, MAS, BLDR, UFPI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)

How Low Can It Go

Unique Key	Event	MBC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-28.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	39.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	48 days	464 days

Compare to AMWD, FBIN, MAS, BLDR, UFPI

In The Past

MasterBrand's stock fell -28.5% during the 2022 Inflation Shock from a high on 2/13/2023. A -28.5% loss requires a 39.9% gain to breakeven.

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About MasterBrand (MBC)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

N/A

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The Kohler of cabinets
The Whirlpool of cabinets
The Sherwin-Williams of cabinets

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Kitchen and Bath Cabinetry: MasterBrand manufactures and sells a wide range of kitchen and bath cabinets, offering various styles, materials, and finishes to suit different consumer preferences and price points.
Cabinet Accessories: The company also provides related accessories such as hardware, organizational solutions, and decorative enhancements that complement its cabinetry products.

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MasterBrand (symbol: MBC) sells primarily to other companies. Its major customers include:

The Home Depot, Inc. (symbol: HD)
Lowe's Companies, Inc. (symbol: LOW)

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Conn Davis Chief Executive Officer

Conn Davis was appointed Chief Executive Officer of MasterBrand, Inc. effective March 3, 2026. Prior to this role, he held several executive leadership positions at MasterBrand, most recently as Executive Vice President, Strategy and Corporate Development. He also served as Vice President-Strategy at MasterBrand from 2020 to 2022. His career includes a role as Strategy Director at Fortune Brands Innovations, Inc., and he was a consultant at Bain & Company. Earlier in his career, he worked as a corporate litigation and transactions attorney. Mr. Davis is also the Founder and Managing Director of Annalex Equity. He earned an MBA from Washington University in St. Louis, a Juris Doctor from DePaul University College of Law, and a bachelor's degree from Southeast Missouri State University.

Andi Simon Executive Vice President & Chief Financial Officer

Andi Simon has served as Executive Vice President and Chief Financial Officer of MasterBrand since 2020, a tenure that includes the company's 2022 spin-off from Fortune Brands Home & Security, Inc. Before joining MasterBrand, Ms. Simon was President of Weir Pressure Control North America at The Weir Group PLC from 2019 to 2020, where she was responsible for a profitability turnaround plan for the company's wellhead and valve business. She also held positions as Vice President of Finance and IT of the Oil and Gas division at The Weir Group PLC from 2014 to 2019, and other progressive roles there from 2008 to 2014. Her earlier career involved roles at Briggs & Stratton Corporation, including Director of Internal Audit and Sarbanes-Oxley Compliance and International Products Group Controller, and she began her career as a CPA at Arthur Andersen, LLC. Ms. Simon holds a Bachelor of Science in Accounting and an MBA from Marquette University. She was appointed to the board of directors of Graco Inc. in 2025.

Andrean Horton Executive Vice President, Chief Legal Officer and Secretary

Andrean Horton has served as Executive Vice President, Chief Legal Officer and Secretary of MasterBrand since 2022. Previously, Ms. Horton was Partner and Chief Legal Officer of Dealer Tire Holdings, LLC from 2021 to 2022. Her prior experience includes roles at Myers Industries, Inc., where she also served as Interim President and Chief Executive Officer, and at A. Schulman, Inc.

Kurt Wanninger Executive Vice President & Chief Operations Officer

Kurt Wanninger has served as Executive Vice President and Chief Operations Officer since 2023. Prior to this, he was Executive Vice President and General Manager of Stock operations at MasterBrand since 2020. He has over 26 years of leadership experience within the cabinet industry, including two separate tenures with MasterBrand.

Navi Grewal Executive Vice President & Chief Digital & Technology Officer

Navi Grewal has served as Executive Vice President and Chief Digital Officer of MasterBrand since 2021. From 2019 to 2021, she was the Global Chief Information Officer and Vice President of Enterprise Customer Experience at DuPont Water and Protection, a division of DuPont de Nemours, Inc., where she was responsible for developing a multi-year strategic information technology strategy.

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The key risks to MasterBrand (MBC) are primarily driven by its reliance on the cyclical housing market, the highly competitive nature of the cabinetry industry, and vulnerabilities in its supply chain and raw material costs.

Reliance on Housing Market and Economic Conditions: MasterBrand's business is highly dependent on the health of the U.S. and Canadian residential housing market, including new home construction and repair and remodel (R&R) activity. Fluctuations in interest rates, consumer confidence, employment levels, and overall economic conditions can significantly impact demand for its cabinetry products, leading to decreased sales.
Highly Competitive Industry and Price Competition: The residential cabinet industry is characterized by intense competition and relatively low barriers to entry. This competitive landscape can lead to significant price pressure, which could adversely affect MasterBrand's market share and profitability.
Supply Chain Disruptions and Raw Material Cost Volatility: MasterBrand faces operational challenges related to global supply chain issues and the sourcing of raw materials. Increased costs due to tariffs and inflation for key inputs can impact the company's manufacturing expenses and ultimately its financial performance.

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The increasing adoption of modular and prefabricated construction methods in residential building.

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MasterBrand (symbol: MBC) primarily operates in the residential cabinet market across North America, offering a comprehensive portfolio of cabinetry products for kitchens, bathrooms, and other areas of the home, spanning stock, semi-custom, and premium categories.

The addressable markets for MasterBrand's main products and services are as follows:

The total addressable market for residential cabinetry in North America is approximately $17 billion.
In the U.S. alone, the residential cabinet market was valued at USD 37.5 billion in 2023 and is projected to reach USD 51.48 billion by 2029.
U.S. demand for residential cabinets is forecast to increase to $23 billion in 2026.
Within the U.S. residential cabinet market, remodeling applications are projected to reach $14.6 billion in 2026.
The U.S. kitchen cabinet market is projected to reach $18.4 billion in 2026.

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Here are 3-5 expected drivers of future revenue growth for MasterBrand (MBC) over the next 2-3 years:

Acquisition of Supreme Cabinetry Brands and Future Inorganic Growth: The acquisition of Supreme Cabinetry Brands has already demonstrated its contribution to MasterBrand's net sales growth in 2024 and 2025. For example, it contributed 9% to net sales growth in Q3 2024 and 5% growth to full-year 2025 net sales. MasterBrand aims to continue pursuing inorganic growth opportunities and executing on deal synergies, indicating that acquisitions will remain a driver.
Strategic Initiatives, Operational Efficiencies, and Plant Optimization: MasterBrand is focused on strategic initiatives, continuous improvement efforts, and optimizing its operational footprint. These include streamlining manufacturing processes, consolidating facilities, and relocating to service faster-growing states at lower operational costs. While primarily aimed at cost savings and margin expansion, these efficiencies are expected to enhance competitive positioning and contribute to market share gains, thereby supporting revenue growth.
Tech-Enabled Initiatives and Digital Transformation: The company is investing in "tech-enabled initiatives" designed to improve operational capabilities and customer interactions, such as the MasterBrand Connect portal. These digital transformations are anticipated to unlock demand and generate incremental sales.
Continued Strength in the New Construction Market: Despite a generally soft overall market, MasterBrand has consistently reported strength with its customers serving the new construction market, leading to year-over-year volume growth. This includes sustained growth with both large and medium builders, with small builders also turning positive in Q2 2024. The company continues to benefit from new business wins in this sector.
Strategic Pricing Actions and Net Average Selling Price (ASP) Improvements: MasterBrand has implemented and expects to continue to implement price increases. In Q1 2025, the company reported a 2% growth from net ASP increases in its legacy business, demonstrating the positive impact of previous pricing strategies on revenue. These actions are a direct method for driving future revenue growth.

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Share Repurchases

MasterBrand authorized a new $50 million share repurchase program on March 17, 2025, valid until March 13, 2028.
The company repurchased approximately $18.1 million of its common stock in 2025, following $6.5 million in repurchases in 2024.
As of December 29, 2024, approximately $21 million remained available under a prior authorization from April 2023.

Share Issuance

In August 2025, MasterBrand announced an all-stock merger with American Woodmark, anticipated to close in early 2026, which will involve the issuance of MasterBrand common stock to American Woodmark shareholders.

Outbound Investments

In July 2024, MasterBrand acquired Dura Investment Holdings LLC, the parent company of Supreme Cabinetry Brands, funded by a combination of cash on hand and proceeds from a revolving credit facility.
MasterBrand entered into a definitive agreement in August 2025 to merge with American Woodmark in an all-stock transaction, expected to close in early 2026, aiming to create synergies and expand market reach.

Capital Expenditures

Capital expenditures were $78.2 million in 2025, $80.9 million in 2024, $57 million in 2023, $56 million in 2022, and $52 million in 2021.
A primary focus for capital allocation is investing in the business for future growth, particularly in modernizing the company's technology foundation.
Capital expenditures in 2025 were significantly driven by the integration of Supreme Cabinetry Brands.

Interactive Breakdown

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Better Bets vs. MasterBrand (MBC)

INDUSTRY: Building Products

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

OC (2.0% | 6.4x)

Owens-Corning

FBIN (-1.9% | 7.8x)

Fortune Brands Innovations

NX (16.4% | 7.7x)

Quanex Building Products

JBI (-4.4% | 6.8x)

Janus International

PPIH (14.7% | 8.3x)

Perma-Pipe International

Higher Rev Chg LTM (Value for MBC: 1.3%)

ALLE (7.8%)

Allegion

TT (7.5%)

Trane Technologies

JCI (3.4%)

Johnson Controls International

OC (2.6%)

Owens-Corning

WMS (1.6%)

Advanced Drainage Systems

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

TT (10.1%)

Trane Technologies

CARR (8.3%)

Carrier Global

JCI (4.8%)

Johnson Controls International

LII (3.4%)

Lennox International

MAS (-4.5%)

Masco

Higher Op Mgn LTM (Value for MBC: 4.9%)

LII (20.3%)

Lennox International

TT (18.6%)

Trane Technologies

MAS (16.6%)

Masco

JCI (13.2%)

Johnson Controls International

CARR (8.8%)

Carrier Global

Higher CFO/Rev LTM (Value for MBC: 7.2%)

ALLE (19.3%)

Allegion

TT (15.0%)

Trane Technologies

LII (14.6%)

Lennox International

MAS (13.5%)

Masco

CARR (11.6%)

Carrier Global

Higher FCF/Rev LTM (Value for MBC: 4.3%)

TT (13.2%)

Trane Technologies

LII (12.3%)

Lennox International

MAS (11.5%)

Masco

CARR (9.8%)

Carrier Global

JCI (5.4%)

Johnson Controls International

Higher Total Yield (Value for MBC: 2.3%)

MAS (7.9%)

Masco

LII (5.2%)

Lennox International

JCI (4.8%)

Johnson Controls International

CARR (4.4%)

Carrier Global

TT (3.5%)

Trane Technologies

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for MBC: -5.5% | 0.4x)

AAL (3.8% | 0.1x)

American Airlines

ALK (14.0% | 0.3x)

Alaska Air

ABM (4.1% | 0.3x)

ABM Industries

HTZ (-0.5% | 0.3x)

Hertz Global

JBLU (-0.3% | 0.2x)

JetBlue Airways

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

DAL (6.5% | 8.0x)

Delta Air Lines

UAL (9.7% | 6.3x)

United Airlines

GIB (7.1% | 6.2x)

CGI

LTM (15.2% | 6.5x)

LATAM Airlines

OC (2.0% | 6.4x)

Owens-Corning

Higher Rev Chg LTM (Value for MBC: 1.3%)

BA (34.5%)

Boeing

GE (21.8%)

GE Aerospace

RTX (10.6%)

RTX

GEV (9.0%)

GE Vernova

CAT (4.3%)

Caterpillar

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

UBER (17.7%)

Uber Technologies

GE (16.1%)

GE Aerospace

BA (12.3%)

Boeing

RTX (9.7%)

RTX

CAT (4.6%)

Caterpillar

Higher Op Mgn LTM (Value for MBC: 4.9%)

ETN (19.0%)

Eaton

GE (18.6%)

GE Aerospace

CAT (16.5%)

Caterpillar

RTX (10.9%)

RTX

UBER (10.7%)

Uber Technologies

Higher CFO/Rev LTM (Value for MBC: 7.2%)

UBER (19.4%)

Uber Technologies

GE (18.3%)

GE Aerospace

CAT (17.4%)

Caterpillar

GEV (13.1%)

GE Vernova

RTX (12.3%)

RTX

Higher FCF/Rev LTM (Value for MBC: 4.3%)

UBER (18.8%)

Uber Technologies

GE (15.4%)

GE Aerospace

CAT (11.0%)

Caterpillar

GEV (9.7%)

GE Vernova

RTX (8.8%)

RTX

Higher Total Yield (Value for MBC: 2.3%)

UBER (6.3%)

Uber Technologies

RTX (4.3%)

RTX

CAT (3.1%)

Caterpillar

GE (2.9%)

GE Aerospace

ETN (2.8%)

Eaton

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MBC: -5.5% | 0.4x)

MCK (13.3% | 0.3x)

McKesson

CVS (7.7% | 0.2x)

CVS Health

GM (5.8% | 0.4x)

General Motors

CI (15.3% | 0.3x)

Cigna

ELV (8.4% | 0.4x)

Elevance Health

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

VZ (0.3% | 6.7x)

Verizon Communications

T (1.3% | 7.3x)

AT&T

CMCSA (0.6% | 5.1x)

Comcast

B (16.0% | 8.4x)

Barrick Mining

PYPL (6.4% | 7.4x)

PayPal

Higher Rev Chg LTM (Value for MBC: 1.3%)

NVDA (65.5%)

NVIDIA

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

NVDA (101.8%)

NVIDIA

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for MBC: 4.9%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

AMZN (11.2%)

Amazon.com

Higher CFO/Rev LTM (Value for MBC: 7.2%)

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

AMZN (19.5%)

Amazon.com

Higher FCF/Rev LTM (Value for MBC: 4.3%)

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for MBC: 2.3%)

MSFT (4.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AAPL (3.4%)

Apple

AMZN (2.9%)

Amazon.com

NVDA (2.5%)

NVIDIA

Best Bets in Industrials

What You Pay

P/EBIT (Value for MBC: 9.6x)

GATX (10.6x)

GATX

PAYX (13.9x)

Paychex

AGX (63.5x)

Argan

TDG (16.5x)

TransDigm

PCTY (16.6x)

Paylocity

SNA (14.3x)

Snap-on

ADP (13.8x)

Automatic Data Processing

STRL (33.9x)

Sterling Infrastructure

PAYC (11.5x)

Paycom Software

WOR (17.5x)

Worthington Enterprises

P/E (Value for MBC: 43.2x)

GATX (21.3x)

GATX

PAYX (20.5x)

Paychex

AGX (62.1x)

Argan

TDG (34.6x)

TransDigm

PCTY (23.5x)

Paylocity

SNA (19.5x)

Snap-on

ADP (19.3x)

Automatic Data Processing

STRL (50.0x)

Sterling Infrastructure

PAYC (15.8x)

Paycom Software

WOR (24.0x)

Worthington Enterprises

What You Get

Rev Chg 3Y Avg (Value for MBC: -5.5%)

GATX (11.0%)

GATX

PAYX (8.9%)

Paychex

AGX (28.8%)

Argan

TDG (17.5%)

TransDigm

PCTY (19.0%)

Paylocity

SNA (2.1%)

Snap-on

ADP (7.1%)

Automatic Data Processing

STRL (12.1%)

Sterling Infrastructure

PAYC (14.4%)

Paycom Software

WOR (51.4%)

Worthington Enterprises

Rev Chg LTM (Value for MBC: 1.3%)

GATX (9.8%)

GATX

PAYX (16.4%)

Paychex

AGX (8.1%)

Argan

TDG (11.7%)

TransDigm

PCTY (12.1%)

Paylocity

SNA (0.9%)

Snap-on

ADP (6.6%)

Automatic Data Processing

STRL (17.7%)

Sterling Infrastructure

PAYC (8.9%)

Paycom Software

WOR (15.0%)

Worthington Enterprises

Rev Chg Q (Value for MBC: -3.5%)

GATX (8.6%)

GATX

PAYX (19.9%)

Paychex

AGX (12.7%)

Argan

TDG (13.9%)

TransDigm

PCTY (10.4%)

Paylocity

SNA (3.1%)

Snap-on

ADP (6.2%)

Automatic Data Processing

STRL (51.5%)

Sterling Infrastructure

PAYC (10.2%)

Paycom Software

WOR (24.4%)

Worthington Enterprises

FCF/Rev 3Y Avg (Value for MBC: 8.3%)

GATX (37.4%)

GATX

PAYX (33.2%)

Paychex

AGX (27.3%)

Argan

TDG (22.1%)

TransDigm

PCTY (21.7%)

Paylocity

SNA (20.8%)

Snap-on

ADP (19.7%)

Automatic Data Processing

STRL (18.4%)

Sterling Infrastructure

PAYC (18.2%)

Paycom Software

WOR (18.2%)

Worthington Enterprises

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	MasterBrand Stock Pre-Market (-13%) : Q4 Earnings Miss & Severe 2026 Guidance Cut	02/12/2026
2	MasterBrand Stock Pre-Market (-17%) : Q4 Earnings Miss & Weak 2026 Outlook	02/11/2026
3	MasterBrand Earnings Notes	12/16/2025
4	MasterBrand Stock Jump Looks Great, But How Secure Is That Gain?	10/17/2025
5	MasterBrand (MBC) Net Income Comparison	08/08/2025
6	MasterBrand (MBC) Debt Comparison	08/08/2025
7	MasterBrand (MBC) Operating Cash Flow Comparison	08/08/2025
8	MasterBrand (MBC) Operating Income Comparison	08/08/2025
9	MasterBrand (MBC) EBITDA Comparison	08/08/2025
10	MasterBrand (MBC) Revenue Comparison	08/08/2025
11	ARTICLES
12	MasterBrand Stock Pre-Market (-13%) : Q4 Earnings Miss & Severe 2026 Guidance Cut	02/12/2026
13	MasterBrand Stock Pre-Market (-17%) : Q4 Earnings Miss & Weak 2026 Outlook	02/11/2026

	Title
0	DASHBOARDS
1	MasterBrand Stock Pre-Market (-13%) : Q4 Earnings Miss & Severe 2026 Guidance Cut
2	MasterBrand Stock Pre-Market (-17%) : Q4 Earnings Miss & Weak 2026 Outlook
3	MasterBrand Earnings Notes
4	MasterBrand Stock Jump Looks Great, But How Secure Is That Gain?
5	MasterBrand (MBC) Net Income Comparison
6	MasterBrand (MBC) Debt Comparison
7	MasterBrand (MBC) Operating Cash Flow Comparison
8	MasterBrand (MBC) Operating Income Comparison
9	MasterBrand (MBC) EBITDA Comparison
10	MasterBrand (MBC) Revenue Comparison
11	ARTICLES
12	MasterBrand Stock Pre-Market (-13%) : Q4 Earnings Miss & Severe 2026 Guidance Cut
13	MasterBrand Stock Pre-Market (-17%) : Q4 Earnings Miss & Weak 2026 Outlook

Trade Ideas

Select ideas related to MBC.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NSP	Insperity	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K	03312026	TNC	Tennant	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
ADP_3272026_Dip_Buyer_FCFYield	03272026	ADP	Automatic Data Processing	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.0%	1.0%	0.0%
HURN_3272026_Dip_Buyer_FCFYield	03272026	HURN	Huron Consulting	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.0%	4.0%	0.0%
TRU_3272026_Dip_Buyer_FCFYield	03272026	TRU	TransUnion	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.2%	5.2%	0.0%
MBC_3132026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	03132026	MBC	MasterBrand	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	1.8%	1.8%	-5.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
POET	POET Technologies	0.9	19.3%	61.9%
CAR	Avis Budget	25.1	17.3%	456.4%
NVTS	Navitas Semiconductor	3.4	16.1%	114.7%
CBIO	Crescent Biopharma	0.7	13.3%	107.2%
VMI	Valmont Industries	9.0	11.9%	14.3%
MLI	Mueller Industries	14.7	11.4%	17.7%
EGY	VAALCO Energy	0.6	11.0%	65.2%
PBI	Pitney Bowes	2.3	10.9%	39.6%
CRVS	Corvus Pharmaceuticals	1.4	10.3%	122.6%
VICR	Vicor	11.1	9.5%	124.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
WASH	Washington Trust Bancorp	0.6	-16.9%	5.2%
TPB	Turning Point Brands	1.3	-16.5%	-34.8%
VSEC	VSE	4.4	-13.7%	12.6%
NG	Novagold Resources	3.8	-12.7%	0.8%
ULCC	Frontier	1.0	-12.1%	-10.2%
TSCO	Tractor Supply	20.9	-11.7%	-20.5%
ELE	Elemental Royalty	1.2	-10.4%	7.8%
HYMC	Hycroft Mining	3.3	-10.4%	65.8%
PEGA	Pegasystems	6.7	-10.3%	-34.1%
REPL	Replimune	0.2	-10.1%	-80.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CAR	Avis Budget	25.1	73.5%	456.4%
MXL	MaxLinear	2.9	56.3%	93.3%
NVTS	Navitas Semiconductor	3.4	55.3%	114.7%
POET	POET Technologies	0.9	52.8%	61.9%
BB	BlackBerry	3.3	41.3%	48.0%
NN	NextNav	3.1	40.0%	35.6%
HIMS	Hims & Hers Health	6.8	39.3%	-8.3%
USAR	USA Rare Earth	2.3	34.5%	92.0%
BETR	Better Home & Finance	0.7	34.0%	42.9%
BAND	Bandwidth	0.7	32.3%	53.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
IIIN	Insteel Industries	0.5	-34.3%	-21.9%
QDEL	QuidelOrtho	0.8	-30.5%	-57.8%
ANAB	AnaptysBio	1.4	-26.2%	6.9%
BMI	Badger Meter	3.6	-25.1%	-30.5%
AGIO	Agios Pharmaceuticals	1.5	-21.1%	-3.4%
LCID	Lucid	2.3	-19.2%	-32.7%
IAG	Iamgold	9.7	-18.4%	2.1%
MDXG	MiMedx	0.5	-18.4%	-52.7%
ORLA	Orla Mining	4.8	-18.3%	8.1%
WASH	Washington Trust Bancorp	0.6	-17.7%	5.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
BCPC	Balchem	5.6	647.6%	14.6%
CAR	Avis Budget	25.1	614.7%	456.4%
AEHR	Aehr Test Systems	2.8	171.5%	364.2%
APLS	Apellis Pharmaceuticals	5.2	137.9%	63.0%
SGML	Sigma Lithium	2.4	135.4%	61.4%
CBIO	Crescent Biopharma	0.7	125.4%	107.2%
CODI	Compass Diversified	0.9	111.6%	146.0%
KOD	Kodiak Sciences	2.4	107.4%	65.0%
MXL	MaxLinear	2.9	103.5%	93.3%
SATL	Satellogic	0.9	100.8%	285.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
REPL	Replimune	0.2	-73.4%	-80.9%
PIPR	Piper Sandler Cos	6.1	-69.0%	9.5%
VRDN	Viridian Therapeutics	1.3	-47.1%	-54.1%
MAZE	Maze Therapeutics	1.2	-46.5%	-38.0%
BUR	Burford Capital	1.0	-41.2%	-49.2%
WVE	WAVE Life Sciences	1.3	-37.6%	-56.8%
TASK	TaskUs	0.7	-30.5%	-6.2%
FRMI	Fermi	3.0	-29.7%	-36.8%
LCID	Lucid	2.3	-29.3%	-32.7%
BTU	Peabody Energy	3.3	-27.5%	-8.8%

Peer Comparisons

Peers to compare with:

Financials

	MBC	AMWD	FBIN	MAS	BLDR	UFPI	Median
Name	MasterBr.	American.	Fortune .	Masco	Builders.	UFP Indu.
Mkt Price	9.09	43.77	40.40	66.76	89.76	96.20	55.27
Mkt Cap	1.2	0.6	4.9	13.6	9.9	5.3	5.1
Rev LTM	2,735	1,522	4,463	7,562	15,191	6,320	5,392
Op Inc LTM	134	67	622	1,252	786	368	495
FCF LTM	118	41	367	866	853	276	322
FCF 3Y Avg	226	92	547	981	1,392	489	518
CFO LTM	196	76	479	1,022	1,216	546	512
CFO 3Y Avg	298	153	734	1,170	1,798	716	725

Growth & Margins

	MBC	AMWD	FBIN	MAS	BLDR	UFPI	Median
Name	MasterBr.	American.	Fortune .	Masco	Builders.	UFP Indu.
Rev Chg LTM	1.3%	-13.6%	-3.2%	-3.4%	-7.4%	-5.0%	-4.2%
Rev Chg 3Y Avg	-5.5%	-9.9%	-1.9%	-4.5%	-12.1%	-12.6%	-7.7%
Rev Chg Q	-3.5%	-18.4%	-2.4%	-1.9%	-12.1%	-9.0%	-6.3%
QoQ Delta Rev Chg LTM	-0.8%	-4.6%	-0.6%	-0.5%	-3.0%	-2.0%	-1.4%
Op Inc Chg LTM	-47.1%	-55.7%	-16.3%	-8.1%	-50.7%	-26.1%	-36.6%
Op Inc Chg 3Y Avg	-17.2%	-8.0%	-7.9%	-1.7%	-39.9%	-27.2%	-12.6%
Op Mgn LTM	4.9%	4.4%	13.9%	16.6%	5.2%	5.8%	5.5%
Op Mgn 3Y Avg	8.6%	7.2%	14.9%	17.0%	9.2%	7.4%	8.9%
QoQ Delta Op Mgn LTM	-2.5%	-1.2%	-0.8%	-0.4%	-1.4%	-0.3%	-1.0%
CFO/Rev LTM	7.2%	5.0%	10.7%	13.5%	8.0%	8.6%	8.3%
CFO/Rev 3Y Avg	10.9%	8.6%	16.0%	15.0%	11.0%	10.5%	11.0%
FCF/Rev LTM	4.3%	2.7%	8.2%	11.5%	5.6%	4.4%	5.0%
FCF/Rev 3Y Avg	8.3%	5.1%	11.9%	12.6%	8.5%	7.1%	8.4%

Valuation

	MBC	AMWD	FBIN	MAS	BLDR	UFPI	Median
Name	MasterBr.	American.	Fortune .	Masco	Builders.	UFP Indu.
Mkt Cap	1.2	0.6	4.9	13.6	9.9	5.3	5.1
P/S	0.4	0.4	1.1	1.8	0.7	0.8	0.7
P/Op Inc	8.6	9.6	7.8	10.8	12.6	14.4	10.2
P/EBIT	9.6	16.3	9.3	11.0	12.6	13.1	11.8
P/E	43.2	36.4	16.2	16.7	22.8	18.0	20.4
P/CFO	5.9	8.4	10.1	13.3	8.2	9.7	9.1
Total Yield	2.3%	2.8%	8.6%	7.9%	4.4%	7.1%	5.8%
Dividend Yield	0.0%	0.0%	2.5%	1.9%	0.0%	1.6%	0.8%
FCF Yield 3Y Avg	12.7%	7.2%	6.7%	6.8%	8.5%	7.4%	7.3%
D/E	1.0	0.8	0.6	0.2	0.5	0.1	0.5
Net D/E	0.9	0.7	0.5	0.2	0.5	-0.1	0.5

Returns

	MBC	AMWD	FBIN	MAS	BLDR	UFPI	Median
Name	MasterBr.	American.	Fortune .	Masco	Builders.	UFP Indu.
1M Rtn	18.2%	17.5%	4.4%	13.5%	10.5%	10.9%	12.2%
3M Rtn	-26.7%	-27.7%	-31.2%	-1.6%	-26.7%	-8.6%	-26.7%
6M Rtn	-29.1%	-32.5%	-22.0%	-4.0%	-28.6%	3.9%	-25.3%
12M Rtn	-17.7%	-19.0%	-17.5%	13.3%	-21.3%	-5.3%	-17.6%
3Y Rtn	15.5%	-14.8%	-30.1%	38.0%	-4.4%	24.0%	5.6%
1M Excs Rtn	9.6%	8.9%	-4.1%	4.9%	1.9%	2.3%	3.6%
3M Excs Rtn	-30.6%	-31.6%	-35.1%	-5.6%	-30.7%	-12.5%	-30.6%
6M Excs Rtn	-34.7%	-38.1%	-24.5%	-6.7%	-32.8%	0.9%	-28.6%
12M Excs Rtn	-55.6%	-56.0%	-53.7%	-23.3%	-57.0%	-40.6%	-54.6%
3Y Excs Rtn	-51.0%	-84.6%	-98.6%	-26.6%	-75.6%	-43.6%	-63.3%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2025	2024	2023	2022	2021	2020
Period End	12/28/2025	12/28/2025	12/31/2024	12/31/2023	12/25/2022	12/26/2021	12/27/2020
Filing Date	2/13/2026	2/13/2026	2/19/2025	2/27/2024	3/10/2023	11/22/2022	3/10/2023
Key Financials
Total Revenue	2,735	2,735	2,700	2,726	3,276	2,855	2,469
EBITDA	214	214	320	368	280	300	262
Operating Income	134	134	254	316	275	238	212
Net Income	27	27	126	182	155	183	146
EPS	0.20	0.21	0.99	1.42	1.21	1.43	1.14
Growth Rates
Total Revenue Growth	1.3%	1.3%	-0.9%	-16.8%	14.7%	15.6%	3.4%
EBITDA Growth	-33.1%	-33.1%	-13.2%	31.5%	-6.8%	14.7%	1.4%
Operating Income Growth	-47.1%	-47.1%	-19.8%	15.1%	15.2%	12.7%	7.8%
Net Income Growth	-78.8%	-78.8%	-30.8%	17.1%	-14.9%	25.3%	44.7%
Margins
EBITDA Margin	7.8%	7.8%	11.8%	13.5%	8.6%	10.5%	10.6%
Operating Income Margin	4.9%	4.9%	9.4%	11.6%	8.4%	8.4%	8.6%
Net Income Margin	1.0%	1.0%	4.7%	6.7%	4.7%	6.4%	5.9%
Cash & Debt
Total Cash	183	183	121	149	101	141	154
Total Debt	1,174	1,174	1,082	770	1,034	63	41
Net Debt / (Cash)	991	991	962	622	932	-78	-114
Cash Flows
Net Cash from Operations	196	196	292	406	236	148	205
Free Cash from Operations	118	118	211	348	180	97	177
Returns to Shareholders
Dividends	0	-0	-0	-0	940	-0	-0
Share Repurchases	18	18	6	22	-0	-0	-0

$ Mil \| FY: 12/28	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/28/2025	9/28/2025	6/29/2025	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	9/24/2023	6/25/2023	3/26/2023
Filing Date	2/13/2026	11/5/2025	8/6/2025	5/7/2025	2/19/2025	11/6/2024	8/7/2024	5/8/2024	2/27/2024	11/8/2023	8/9/2023	5/10/2023
Key Financials Quarterly
Total Revenue	645	699	731	660	668	718	676	638	677	677	695	677
Ebitda	-3	65	92	60	63	80	98	79	76	109	103	81
Operating Income	-26	44	74	42	44	65	81	63	67	94	90	65
Net Income	-42	18	37	13	14	29	45	38	36	60	51	35
EPS	-0.33	0.14	0.29	0.10	0.11	0.23	0.36	0.30	0.28	0.47	0.40	0.27
Key Financials TTM
Total Revenue TTM	2,735	2,758	2,777	2,723	2,700	2,710	2,669	2,688	2,726	2,834	3,015	3,175
Ebitda TTM	214	280	294	300	320	333	362	367	368	330	317	284
Operating Income TTM	134	204	226	232	254	276	304	314	316	299	290	278
Net Income TTM	27	83	94	102	126	148	179	184	182	161	154	144
Growth Rates Quarterly
Total Revenue Growth	-3.5%	-2.7%	8.0%	3.5%	-1.4%	6.0%	-2.7%	-5.7%	-13.7%	-21.1%	-18.8%	-12.9%
EBITDA Growth	-104.3%	-18.2%	-5.9%	-24.7%	-17.2%	-26.9%	-4.6%	-2.0%	101.9%	13.0%	48.3%	4.8%
Operating Income Growth	-158.0%	-32.3%	-8.3%	-33.9%	-33.6%	-30.1%	-10.9%	-3.2%	34.8%	11.0%	14.3%	6.2%
Net Income Growth	-400.0%	-37.8%	-17.7%	-64.5%	-61.2%	-51.3%	-11.5%	7.1%	134.4%	14.4%	25.2%	-25.4%
Margins Quarterly
EBITDA Margin	-0.4%	9.3%	12.6%	9.0%	9.5%	11.1%	14.5%	12.4%	11.3%	16.0%	14.8%	11.9%
Operating Income Margin	-4.0%	6.3%	10.1%	6.3%	6.7%	9.1%	11.9%	9.9%	9.9%	13.8%	13.0%	9.6%
Net Income Margin	-6.5%	2.6%	5.1%	2.0%	2.1%	4.1%	6.7%	5.9%	5.3%	8.8%	7.4%	5.2%
Cash & Debt
Total Cash	183	115	120	114	121	108	189	154	149	122	110	116
Total Debt	1,174	1,076	1,075	1,130	1,082	1,136	748	770	770	771	877	1,005
Net Debt / (Cash)	991	961	955	1,016	962	1,027	559	616	622	649	767	888
Cash Flows Quarterly
FCF from Operations	87	55	85	-31	115	81	77	19	69	142	132	62
Cash Flows TTM
FCF from Operations TTM	196	224	249	242	292	246	308	362	406	454	354	301
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	7	11	-0	-0	5	2	6	12	4	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-10.1%	14.3%	23.6%	12.7%	13.1%	18.8%	43.5%	31.4%	36.0%	44.2%	34.7%	21.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.8%	16.1%	17.6%	17.0%	19.7%	20.8%	42.2%	39.2%	38.8%	34.6%	27.0%	22.5%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single Segment	2,726	3,276	2,855	2,469	2,389
Total	2,726	3,276	2,855	2,469	2,389

Price Behavior

Price Behavior

Market Price	$9.09
Market Cap ($ Bil)	1.2
First Trading Date	12/09/2022
Distance from 52W High	-34.2%
	50 Days	200 Days
DMA Price	$9.40	$11.42
DMA Trend	down	down
Distance from DMA	-3.3%	-20.4%
	3M	1YR
Volatility	50.3%	50.0%
Downside Capture	0.85	0.86
Upside Capture	37.05	103.66
Correlation (SPY)	36.8%	43.0%

MBC Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.57	1.40	1.59	1.24	1.24	1.23
Up Beta	1.82	1.35	1.89	1.60	1.36	1.31
Down Beta	2.08	0.83	1.41	1.22	0.79	0.91
Up Capture	59%	75%	116%	50%	111%	185%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	7	16	26	50	109	367
Down Capture	181%	214%	184%	149%	140%	108%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	15	26	36	74	140	372

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MBC
MBC	-18.7%	50.1%	-0.24	-
Sector ETF (XLI)	38.5%	15.4%	1.91	48.2%
Equity (SPY)	23.7%	12.7%	1.52	43.7%
Gold (GLD)	41.4%	27.5%	1.25	-1.7%
Commodities (DBC)	22.4%	16.2%	1.25	-7.9%
Real Estate (VNQ)	14.2%	13.8%	0.72	38.7%
Bitcoin (BTCUSD)	-10.4%	42.7%	-0.14	15.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MBC
MBC	2.6%	45.6%	0.22	-
Sector ETF (XLI)	12.9%	17.3%	0.59	45.3%
Equity (SPY)	10.8%	17.1%	0.49	38.4%
Gold (GLD)	21.6%	17.8%	0.99	2.9%
Commodities (DBC)	10.9%	18.8%	0.47	4.1%
Real Estate (VNQ)	4.1%	18.8%	0.12	37.9%
Bitcoin (BTCUSD)	3.8%	56.4%	0.29	15.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MBC
MBC	1.3%	45.6%	0.22	-
Sector ETF (XLI)	14.0%	19.9%	0.62	45.3%
Equity (SPY)	13.9%	17.9%	0.67	38.4%
Gold (GLD)	13.7%	15.9%	0.71	2.9%
Commodities (DBC)	8.2%	17.6%	0.39	4.1%
Real Estate (VNQ)	5.4%	20.7%	0.23	37.9%
Bitcoin (BTCUSD)	68.0%	66.9%	1.07	15.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	23.1 Mil
Short Interest: % Change Since 3152026	-0.8%
Average Daily Volume	2.4 Mil
Days-to-Cover Short Interest	9.7 days
Basic Shares Quantity	127.0 Mil
Short % of Basic Shares	18.2%

Returns Analyses

	Title
0	MasterBrand Stock Jump Looks Great, But How Secure Is That Gain?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/10/2026	-12.7%	-13.0%	-41.5%
11/4/2025	-14.4%	-16.2%	-11.8%
8/6/2025	9.3%	10.1%	15.3%
5/6/2025	-15.8%	-6.8%	-13.8%
2/18/2025	-5.9%	-11.5%	-13.4%
11/5/2024	-3.8%	-8.7%	-9.2%
8/6/2024	-6.9%	-8.4%	-1.8%
5/7/2024	-6.2%	-3.1%	-8.8%
...
SUMMARY STATS
# Positive	3	4	4
# Negative	9	8	8
Median Positive	7.2%	10.0%	18.7%
Median Negative	-6.2%	-9.3%	-12.6%
Max Positive	9.3%	12.2%	24.2%
Max Negative	-15.8%	-16.2%	-41.5%

	Forward Returns
2/10/2026	-12.7%	-13.0%	-41.5%
11/4/2025	-14.4%	-16.2%	-11.8%
8/6/2025	9.3%	10.1%	15.3%
5/6/2025	-15.8%	-6.8%	-13.8%
2/18/2025	-5.9%	-11.5%	-13.4%
11/5/2024	-3.8%	-8.7%	-9.2%
8/6/2024	-6.9%	-8.4%	-1.8%
5/7/2024	-6.2%	-3.1%	-8.8%
2/26/2024	7.2%	12.2%	22.1%
11/7/2023	1.0%	9.9%	24.2%
6/13/2023	-1.7%	3.7%	9.7%
3/7/2023	-2.3%	-9.8%	-21.6%
SUMMARY STATS
# Positive	3	4	4
# Negative	9	8	8
Median Positive	7.2%	10.0%	18.7%
Median Negative	-6.2%	-9.3%	-12.6%
Max Positive	9.3%	12.2%	24.2%
Max Negative	-15.8%	-16.2%	-41.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/13/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/07/2025	10-Q
12/31/2024	02/19/2025	10-K
09/30/2024	11/06/2024	10-Q
06/30/2024	08/07/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	02/27/2024	10-K
09/30/2023	11/08/2023	10-Q
06/30/2023	08/09/2023	10-Q
03/31/2023	05/10/2023	10-Q
12/31/2022	03/10/2023	10-K
09/30/2022	11/22/2022	10-12B/A

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/10/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Net Sales Growth	-9.0%	-7.0%
Q1 2026 Adjusted EBITDA	23.00 Mil	28.00 Mil	33.00 Mil
Q1 2026 Adjusted EBITDA Margin	3.9%	4.6%	5.3%
Q1 2026 Adjusted Diluted EPS	-0.06	-0.03	0
2026 Cost Savings		30.00 Mil
2026 Gross Tariff Costs	0.05	0.06	0.06

Prior: Q3 2025 Earnings Reported 11/4/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2025 Adjusted EBITDA	315.00 Mil	325.00 Mil	335.00 Mil	-4.4%		Lowered	Guidance: 340.00 Mil for 2025
2025 Adjusted EBITDA Margin	11.5%	11.75%	12.0%	-7.8%	-1.0%	Lowered	Guidance: 12.75% for 2025
2025 Adjusted Diluted EPS	1.01	1.07	1.13	-8.9%		Lowered	Guidance: 1.18 for 2025

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Crisci, Robert		Direct	Buy	3042025	14.08	20,000	281,600	935,405	Form

MBC Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing MBC?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What MBC Makes & Who Pays

TTM figures based on

MBC Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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MasterBrand (MBC)

Market Price (4/22/2026): $9.085 | Market Cap: $1.2 BilSector: Industrials | Industry: Building Products

MasterBrand (MBC)

Market Price (4/22/2026): $9.085Market Cap: $1.2 BilSector: IndustrialsIndustry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About MasterBrand (MBC)

Interactive Breakdown

Better Bets vs. MasterBrand (MBC)

INDUSTRY: Building Products

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

Higher Rev Chg LTM (Value for MBC: 1.3%)

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

Higher Op Mgn LTM (Value for MBC: 4.9%)

Higher CFO/Rev LTM (Value for MBC: 7.2%)

Higher FCF/Rev LTM (Value for MBC: 4.3%)

Higher Total Yield (Value for MBC: 2.3%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for MBC: -5.5% | 0.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

Higher Rev Chg LTM (Value for MBC: 1.3%)

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

Higher Op Mgn LTM (Value for MBC: 4.9%)

Higher CFO/Rev LTM (Value for MBC: 7.2%)

Higher FCF/Rev LTM (Value for MBC: 4.3%)

Higher Total Yield (Value for MBC: 2.3%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MBC: -5.5% | 0.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MBC: -5.5% | 8.6x)

Higher Rev Chg LTM (Value for MBC: 1.3%)

Higher Rev Chg 3Y Avg (Value for MBC: -5.5%)

Higher Op Mgn LTM (Value for MBC: 4.9%)

Higher CFO/Rev LTM (Value for MBC: 7.2%)

Higher FCF/Rev LTM (Value for MBC: 4.3%)

Higher Total Yield (Value for MBC: 2.3%)

Best Bets in Industrials

P/EBIT (Value for MBC: 9.6x)

P/E (Value for MBC: 43.2x)

Rev Chg 3Y Avg (Value for MBC: -5.5%)

Rev Chg LTM (Value for MBC: 1.3%)

Rev Chg Q (Value for MBC: -3.5%)

FCF/Rev 3Y Avg (Value for MBC: 8.3%)

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Market Price (4/22/2026): $9.085 | Market Cap: $1.2 Bil
Sector: Industrials | Industry: Building Products

Market Price (4/22/2026): $9.085
Market Cap: $1.2 Bil
Sector: Industrials
Industry: Building Products