MasterBrand (MBC)
Market Price (10/26/2026): $7.305 | Market Cap: $1.5 BilSector: Industrials | Industry: Building Products
MasterBrand (MBC)
Market Price (10/26/2026): $7.305Market Cap: $1.5 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 6.6% Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -111% Meaningful short interestShort 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 13% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.5% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% Key risksMBC key risks include [1] significant financial leverage, Show more. |
| Attractive yieldFCF Yield is 6.6% |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -111% |
| Meaningful short interestShort 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 13% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.2% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 129% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Key risksMBC key risks include [1] significant financial leverage, Show more. |
Qualitative Assessment
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MasterBrand (MBC) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Weak Fiscal Second Quarter 2026 Financial Results and Conservative Outlook. MasterBrand reported a net loss of $(57.6) million and a diluted loss per share of $(0.38) for fiscal Q2 2026, which ended on June 28, 2026, contrasting with earnings in the prior year period. The adjusted diluted earnings per share of $0.05 significantly missed the consensus analyst estimate of $0.0950 by nearly 48%. Furthermore, the company provided a cautious outlook for the second half of fiscal 2026, projecting adjusted diluted earnings per share in the range of $(0.05) to $0.03, partly due to approximately $50 million in increased interest expense from new debt related to its merger with American Woodmark. MasterBrand also reiterated its expectation for its addressable market to be down mid-single digits for the full fiscal year 2026.
2. Broader Housing Market and Cabinet Industry Headwinds. The cabinet market experienced a 4.3% decline in overall sales in August 2026 compared to the previous year, with semi-custom and stock cabinet categories showing weakness, according to the Kitchen Cabinet Manufacturers Association (KCMA). MasterBrand's legacy business sales decreased by 5.6% in fiscal Q2 2026 compared to fiscal Q2 2025, reflecting a mid- to high-single-digit market decline. This trend is consistent with broader macroeconomic factors such as ongoing economic uncertainties, elevated mortgage rates, and persistent consumer uncertainty that have impacted demand within the home improvement and building materials sectors throughout 2026.
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MasterBrand (MBC) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Weak Fiscal Second Quarter 2026 Financial Results and Conservative Outlook. MasterBrand reported a net loss of $(57.6) million and a diluted loss per share of $(0.38) for fiscal Q2 2026, which ended on June 28, 2026, contrasting with earnings in the prior year period. The adjusted diluted earnings per share of $0.05 significantly missed the consensus analyst estimate of $0.0950 by nearly 48%. Furthermore, the company provided a cautious outlook for the second half of fiscal 2026, projecting adjusted diluted earnings per share in the range of $(0.05) to $0.03, partly due to approximately $50 million in increased interest expense from new debt related to its merger with American Woodmark. MasterBrand also reiterated its expectation for its addressable market to be down mid-single digits for the full fiscal year 2026.
2. Broader Housing Market and Cabinet Industry Headwinds. The cabinet market experienced a 4.3% decline in overall sales in August 2026 compared to the previous year, with semi-custom and stock cabinet categories showing weakness, according to the Kitchen Cabinet Manufacturers Association (KCMA). MasterBrand's legacy business sales decreased by 5.6% in fiscal Q2 2026 compared to fiscal Q2 2025, reflecting a mid- to high-single-digit market decline. This trend is consistent with broader macroeconomic factors such as ongoing economic uncertainties, elevated mortgage rates, and persistent consumer uncertainty that have impacted demand within the home improvement and building materials sectors throughout 2026.
3. Analyst Downgrade and Deteriorating Profitability. On September 18, 2026, Seeking Alpha downgraded MasterBrand from a 'Strong Buy' to a 'Buy' rating, citing recent profitability weakness. The company's trailing twelve-month EBITDA margin had notably fallen to 7.2% from 12.2%, indicating softer revenue performance and a potential shift by consumers towards more budget-friendly options. This downgrade likely contributed to negative investor sentiment surrounding the stock.
4. Merger Integration and Restructuring Costs. While the all-stock merger with American Woodmark, completed on May 28, 2026, is anticipated to generate over $100 million in annual run-rate cost synergies, the immediate period has involved significant restructuring. For instance, in September 2026, MasterBrand announced a reorganization of production at its Kinston facility, affecting approximately 390 employees as it shifts non-frameless product manufacturing to other sites. The merger also resulted in increased interest expenses, with approximately $50 million projected for the second half of fiscal 2026 due to the associated debt.
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Stock Movement Drivers
Fundamental Drivers
The -29.1% change in MBC stock from 6/30/2026 to 10/24/2026 was primarily driven by a -17.1% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.29 | 7.30 | -29.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,692 | 2,777 | 3.1% |
| P/S Multiple | 0.5 | 0.4 | -17.1% |
| Shares Outstanding (Mil) | 128 | 154 | -17.0% |
| Cumulative Contribution | -29.1% |
Market Drivers
6/30/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| MBC | -29.1% | |
| Market (SPY) | 1.8% | 33.5% |
| Sector (XLI) | -11.1% | 44.6% |
Fundamental Drivers
The -12.2% change in MBC stock from 3/31/2026 to 10/24/2026 was primarily driven by a -17.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.31 | 7.30 | -12.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,735 | 2,777 | 1.5% |
| P/S Multiple | 0.4 | 0.4 | 4.6% |
| Shares Outstanding (Mil) | 127 | 154 | -17.3% |
| Cumulative Contribution | -12.2% |
Market Drivers
3/31/2026 to 10/24/2026| Return | Correlation | |
|---|---|---|
| MBC | -12.2% | |
| Market (SPY) | 17.2% | 25.6% |
| Sector (XLI) | 2.0% | 33.0% |
Fundamental Drivers
The -44.6% change in MBC stock from 9/30/2025 to 10/24/2026 was primarily driven by a -32.8% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.17 | 7.30 | -44.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,777 | 2,777 | 0.0% |
| P/S Multiple | 0.6 | 0.4 | -32.8% |
| Shares Outstanding (Mil) | 127 | 154 | -17.4% |
| Cumulative Contribution | -44.6% |
Market Drivers
9/30/2025 to 10/24/2026| Return | Correlation | |
|---|---|---|
| MBC | -44.6% | |
| Market (SPY) | 15.0% | 29.2% |
| Sector (XLI) | 7.7% | 36.7% |
Fundamental Drivers
The -39.9% change in MBC stock from 9/30/2023 to 10/24/2026 was primarily driven by a -16.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10242026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.15 | 7.30 | -39.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 2,777 | 0.0% |
| P/S Multiple | � | 0.4 | 0.0% |
| Shares Outstanding (Mil) | 128 | 154 | -16.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
9/30/2023 to 10/24/2026| Return | Correlation | |
|---|---|---|
| MBC | -39.9% | |
| Market (SPY) | 83.9% | 40.2% |
| Sector (XLI) | 68.9% | 47.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MBC Return | - | -24% | 97% | -2% | -24% | -33% | -26% |
| Peers Return | 59% | -35% | 79% | -8% | -26% | 2% | 27% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| MBC Win Rate | - | 0% | 75% | 42% | 42% | 40% | |
| Peers Win Rate | 58% | 40% | 57% | 53% | 38% | 46% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MBC Max Drawdown | - | - | -29% | -26% | -47% | -53% | |
| Peers Max Drawdown | -21% | -46% | -26% | -28% | -40% | -38% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FBIN, MAS, BLDR, UFPI, TREX.
[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 10/23/2026 (YTD)
How Low Can It Go
| Event | MBC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.2% | -9.5% |
| % Gain to Breakeven | 16.6% | 10.5% |
| Time to Breakeven | 22 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.5% | -6.7% |
| % Gain to Breakeven | 39.9% | 7.1% |
| Time to Breakeven | 48 days | 31 days |
In The Past
MasterBrand's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | MBC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.5% | -6.7% |
| % Gain to Breakeven | 39.9% | 7.1% |
| Time to Breakeven | 48 days | 31 days |
In The Past
MasterBrand's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MasterBrand (MBC)
MasterBrand, Inc. is a prominent North American manufacturer and marketer of residential cabinetry products. The company specializes in designing, producing, and distributing a comprehensive range of cabinets primarily for kitchens, bathrooms, and other areas of the home, catering to various aesthetic and functional needs.
Their extensive product portfolio includes stock, semi-custom, and custom cabinetry options, providing solutions across different price points and design preferences. MasterBrand operates with a multi-brand strategy, featuring well-recognized names such as Decora, Kemper, Omega, Aristokraft, and Diamond, which allows them to effectively target diverse consumer segments and market demands.
MasterBrand serves a broad customer base across North America, focusing on both the new residential construction market and the repair and remodel (R&R) market. Their products are distributed through a robust network that includes independent dealers, large home improvement retailers (commonly known as home centers), and wholesale distributors, reaching professional builders, remodelers, and individual homeowners.
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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.
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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.
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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.
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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.
Peer Outperformance in Building Products
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -8.1% | 105.7% | 140.2% | STRL 1461% · FIX 1308% · AGX 714% |
| Marine Transportation | 5 | 53.3% | 54.7% | 134.3% | MATX 189% · KEX 134% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -4.1% | 58.7% | 92.6% | CAT 271% · ALSN 231% · WAB 203% |
| Aerospace & Defense | 52 | -17.9% | 58.0% | 58.8% | ATI 882% · FTAI 704% · HWM 519% |
| Trading Companies & Distributors | 19 | 10.6% | 38.1% | 50.6% | DXPE 378% · AIT 230% · URI 210% |
| Diversified Support Services | 34 | 8.3% | 39.5% | 37.5% | CXW 234% · OPLN 153% · CACI 122% |
| Industrial Machinery & Supplies & Components | 72 | 3.1% | 53.7% | 36.9% | CRS 842% · MLI 371% · SYM 297% |
| Rail Transportation | 7 | 29.1% | 56.7% | 27.9% | CSX 53% · UNP 38% · NSC 28% |
| Building Products ← | 33 | -10.1% | 14.1% | 22.7% | GFF 344% · TT 162% · JCI 115% |
| Cargo Ground Transportation | 16 | 34.4% | 8.3% | 15.9% | XPO 252% · R 243% · ARCB 47% |
| Electrical Components & Equipment | 37 | -13.3% | 72.6% | 3.2% | POWL 1789% · BE 857% · VRT 711% |
| Industrial Conglomerates | 17 | 9.6% | 7.8% | -6.8% | CSW 121% · DD 74% · CSL 60% |
| Research & Consulting Services | 13 | -0.4% | -13.4% | -8.2% | HURN 295% · FCN 10% · BAH 4% |
| Agricultural & Farm Machinery | 16 | 0.5% | -7.0% | -12.8% | DE 102% · TTC 15% · AGCO -6% |
| Data Processing & Outsourced Services | 6 | -22.7% | 1.3% | -16.2% | EXLS 70% · BR 9% · G -14% |
| Security & Alarm Services | 9 | -49.9% | 15.8% | -20.8% | BCO 99% |
| Office Services & Supplies | 9 | 18.6% | 18.6% | -23.9% | PBI 198% · TILE 147% · HNI 41% |
| Environmental & Facilities Services | 29 | -33.6% | 31.8% | -33.5% | GEO 237% · CLH 178% · RSG 92% |
| Passenger Airlines | 11 | -4.3% | 19.2% | -36.1% | LTM 3065% · UAL 110% · DAL 101% |
| Passenger Ground Transportation | 3 | -29.1% | 57.5% | -36.5% | UBER 47% · CAR -36% · LYFT -65% |
| Air Freight & Logistics | 12 | -26.9% | -18.3% | -40.1% | FDX 77% · EXPD 69% · CHRW 59% |
| Human Resource & Employment Services | 22 | 19.4% | -3.5% | -41.0% | ADP 56% · PAYX 11% · FA 10% |
| Airport Services | 4 | -70.5% | -69.8% | -83.6% | JOBY -47% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.61 |
| Mkt Cap | 5.1 |
| Rev LTM | 5,313 |
| Op Inc LTM | 375 |
| FCF LTM | 334 |
| FCF 3Y Avg | 416 |
| CFO LTM | 495 |
| CFO 3Y Avg | 612 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.4% |
| Rev Chg 3Y Avg | -2.5% |
| Rev Chg Q | -0.1% |
| QoQ Delta Rev Chg LTM | 0.0% |
| Op Inc Chg LTM | -18.6% |
| Op Inc Chg 3Y Avg | -15.6% |
| Op Mgn LTM | 9.4% |
| Op Mgn 3Y Avg | 11.2% |
| QoQ Delta Op Mgn LTM | -0.8% |
| CFO/Rev LTM | 9.6% |
| CFO/Rev 3Y Avg | 11.2% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 7.1% |
Price Behavior
| Market Price | $7.30 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 12/09/2022 | |
| Distance from 52W High | -47.2% | |
| 50 Days | 200 Days | |
| DMA Price | $7.55 | $8.99 |
| DMA Trend | down | down |
| Distance from DMA | -3.4% | -18.8% |
| 3M | 1YR | |
| Volatility | 54.4% | 53.9% |
| Downside Capture | 288.26 | 196.40 |
| Upside Capture | 167.06 | 99.77 |
| Correlation (S&P 500) | 34.9% | 28.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.31 | 2.90 | 2.18 | 1.38 | 1.28 | 1.25 |
| Up Beta | -0.30 | 3.10 | 0.82 | 1.08 | 1.16 | 1.29 |
| Down Beta | 8.42 | 5.04 | 3.08 | 1.53 | 1.35 | 0.93 |
| Up Capture | 106% | 202% | 150% | 101% | 72% | 135% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 16 | 26 | 60 | 110 | 360 |
| Down Capture | 378% | 346% | 318% | 180% | 145% | 110% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 25 | 37 | 65 | 139 | 383 |
[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 | -43.3% | 53.9% | -0.86 | - |
| Sector ETF (XLI) | 8.7% | 17.2% | 0.31 | 36.1% |
| Equity (SPY) | 14.8% | 12.7% | 0.80 | 28.7% |
| Gold (GLD) | -2.8% | 28.5% | -0.11 | 3.6% |
| Commodities (DBC) | 52.1% | 20.7% | 1.91 | -31.2% |
| Real Estate (VNQ) | 4.3% | 13.9% | 0.06 | 24.0% |
| Bitcoin (BTCUSD) | -24.8% | 43.5% | -0.54 | 6.9% |
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 | -1.8% | 47.5% | 0.10 | - |
| Sector ETF (XLI) | 11.5% | 17.6% | 0.49 | 42.8% |
| Equity (SPY) | 12.7% | 17.1% | 0.56 | 36.1% |
| Gold (GLD) | 17.3% | 18.9% | 0.73 | 3.0% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | -7.3% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 35.0% |
| Bitcoin (BTCUSD) | 5.7% | 51.7% | 0.29 | 13.8% |
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 | -0.9% | 47.5% | 0.10 | - |
| Sector ETF (XLI) | 13.0% | 20.1% | 0.57 | 42.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 36.1% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 3.0% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | -7.3% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 35.0% |
| Bitcoin (BTCUSD) | 62.4% | 66.2% | 1.02 | 13.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -3.6% | -2.7% | -13.9% |
| 5/5/2026 | -8.7% | -14.8% | -1.3% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 5 | 4 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 4.1% | 9.9% | 18.7% |
| Median Negative | -6.2% | -9.3% | -11.8% |
| Max Positive | 9.3% | 12.2% | 24.2% |
| Max Negative | -15.8% | -16.2% | -41.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -3.6% | -2.7% | -13.9% |
| 5/5/2026 | -8.7% | -14.8% | -1.3% |
| 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% |
| 8/8/2023 | 0.2% | 0.6% | -1.8% |
| 6/13/2023 | -1.7% | 3.7% | 9.7% |
| 3/7/2023 | -2.3% | -9.8% | -21.6% |
| SUMMARY STATS | |||
| # Positive | 4 | 5 | 4 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 4.1% | 9.9% | 18.7% |
| Median Negative | -6.2% | -9.3% | -11.8% |
| 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 |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 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
Updated 10/24/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.05 Bil | 2.08 Bil | 2.11 Bil | ||||
| 2026 Adjusted EBITDA | Reported | 129.00 Mil | 139.00 Mil | 149.00 Mil | ||||
| 2026 Adjusted EBITDA Margin | Reported | 6.3% | 6.7% | 7.1% | ||||
| 2026 Adjusted Diluted EPS | Reported | -0.05 | -0.01 | 0.03 | ||||
Prior: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Net Sales Growth | Reported | -9.0% | -7.0% | 0.0% | Same New | Guidance: -7.0% for Q1 2026 | ||
| Q2 2026 Adjusted EBITDA | Reported | 51.00 Mil | 56.00 Mil | 61.00 Mil | 100.0% | Higher New | Guidance: 28.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA Margin | Reported | 7.8% | 8.3% | 8.8% | 3.7% | Higher New | Guidance: 4.6% for Q1 2026 | |
| Q2 2026 Adjusted Diluted EPS | Reported | 0.03 | 0.08 | 0.13 | Higher New | Guidance: -0.03 for Q1 2026 | ||
| 2026 Gross Tariff Costs | Reported | 0.05 | 0.06 | 0.06 | 0.0% | Affirmed | Guidance: 0.06 for 2026 | |
Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net Sales Growth | Reported | -9.0% | -7.0% | -5.0% | ||||
| Q1 2026 Adjusted EBITDA | Reported | 23.00 Mil | 28.00 Mil | 33.00 Mil | ||||
| Q1 2026 Adjusted EBITDA Margin | Reported | 3.9% | 4.6% | 5.3% | 0.7% | |||
| Q1 2026 Adjusted Diluted EPS | Reported | -0.06 | -0.03 | 0 | ||||
| 2026 Cost Savings | Reported | 30.00 Mil | ||||||
| 2026 Gross Tariff Costs | Reported | 0.05 | 0.06 | 0.06 | ||||
Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 2.09 Bil | ||||||
| 2025 Adjusted EBITDA | Reported | 315.00 Mil | 325.00 Mil | 335.00 Mil | -4.4% | Lowered | Guidance: 340.00 Mil for 2025 | |
| 2025 Adjusted EBITDA Margin | Reported | 11.5% | 11.75% | 12.0% | -1.0% | Lowered | Guidance: 12.75% for 2025 | |
| 2025 Adjusted Diluted EPS | Reported | 1.01 | 1.07 | 1.13 | -8.9% | Lowered | Guidance: 1.18 for 2025 | |
Insider Activity
Updated 8/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Young, Mark A | VP, Chief Accounting Officer | Direct | Sell | 8262026 | 9.15 | 6,000 | 54,900 | 613,233 | Form |
| 2 | Wanninger, Kurt | EVP & Chief Operations Officer | Direct | Sell | 8132026 | 9.22 | 50,000 | 461,065 | 1,855,316 | Form |
| 3 | Kendrick, Bruce Alan | EVP & Chief HR Officer | Direct | Sell | 6112026 | 9.02 | 26,245 | 236,817 | 2,180,616 | Form |
| 4 | Petratis, David D | Direct | Buy | 6092026 | 8.82 | 11,587 | 102,240 | 616,909 | Form | |
| 5 | Simon, Andrea Helen | EVP & CFO | Direct | Buy | 6052026 | 8.56 | 5,000 | 42,800 | 4,257,239 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Young, Mark A | VP, Chief Accounting Officer | Direct | Sell | 8262026 | 9.15 | 6,000 | 54,900 | 613,233 | Form |
| 2 | Wanninger, Kurt | EVP & Chief Operations Officer | Direct | Sell | 8132026 | 9.22 | 50,000 | 461,065 | 1,855,316 | Form |
| 3 | Kendrick, Bruce Alan | EVP & Chief HR Officer | Direct | Sell | 6112026 | 9.02 | 26,245 | 236,817 | 2,180,616 | Form |
| 4 | Petratis, David D | Direct | Buy | 6092026 | 8.82 | 11,587 | 102,240 | 616,909 | Form | |
| 5 | Simon, Andrea Helen | EVP & CFO | Direct | Buy | 6052026 | 8.56 | 5,000 | 42,800 | 4,257,239 | Form |
| 6 | Young, Mark A | VP, Chief Accounting Officer | Direct | Sell | 6032026 | 8.60 | 11,765 | 101,179 | 527,619 | Form |
| 7 | Banyard, R David | CEO & President | Direct | Buy | 6022026 | 8.43 | 60,000 | 505,800 | 15,441,973 | Form |
Investor Activity (13F)
Updated Oct 26, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Coliseum Capital Management, LLC | $105.5 Mil | 8.6% | 13 | ADD +17.8% | 13F |
| Nixon Capital, LLC | $13.7 Mil | 4.7% | 22 | ADD +16.3% | 13F |
| Pertento Partners LLP | $41.3 Mil | 4.4% | 15 | ADD +28.0% | 13F |
| ACK Asset Management LLC | $30.7 Mil | 3.8% | 20 | ADD +60.9% | 13F |
| Gates Capital Management, Inc. | $86.0 Mil | 3.0% | 31 | ADD +12.2% | 13F |
| Monarch Alternative Capital LP | $16.6 Mil | 2.8% | 7 | New | 13F |
| Diameter Capital Partners LP | $12.8 Mil | 2.5% | 20 | TRIM -74.3% | 13F |
| Canyon Capital Advisors LLC | $14.1 Mil | 1.8% | 19 | TRIM -13.7% | 13F |
| Redwood Capital Management, LLC | $10.7 Mil | 1.6% | 22 | New | 13F |
| Melqart Asset Management (UK) Ltd | $8.9 Mil | 0.9% | 41 | ADD +4967.1% | 13F |
| Atlas FRM LLC | $10.8 Mil | 0.7% | 41 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Monarch Alternative Capital LP | $16.6 Mil | 2.8% | 7 | New | 13F |
| Atlas FRM LLC | $10.8 Mil | 0.7% | 41 | New | 13F |
| Redwood Capital Management, LLC | $10.7 Mil | 1.6% | 22 | New | 13F |
| Melqart Asset Management (UK) Ltd | $8.9 Mil | 0.9% | 41 | ADD +4967.1% | 13F |
| ACK Asset Management LLC | $30.7 Mil | 3.8% | 20 | ADD +60.9% | 13F |
| Pertento Partners LLP | $41.3 Mil | 4.4% | 15 | ADD +28.0% | 13F |
| Coliseum Capital Management, LLC | $105.5 Mil | 8.6% | 13 | ADD +17.8% | 13F |
| Nixon Capital, LLC | $13.7 Mil | 4.7% | 22 | ADD +16.3% | 13F |
| Gates Capital Management, Inc. | $86.0 Mil | 3.0% | 31 | ADD +12.2% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Coliseum Capital Management, LLC | $105.5 Mil | 8.6% | 13 | ADD +17.8% | 13F |
| Gates Capital Management, Inc. | $86.0 Mil | 3.0% | 31 | ADD +12.2% | 13F |
| Pertento Partners LLP | $41.3 Mil | 4.4% | 15 | ADD +28.0% | 13F |
| ACK Asset Management LLC | $30.7 Mil | 3.8% | 20 | ADD +60.9% | 13F |
| Monarch Alternative Capital LP | $16.6 Mil | 2.8% | 7 | New | 13F |
| Canyon Capital Advisors LLC | $14.1 Mil | 1.8% | 19 | TRIM -13.7% | 13F |
| Nixon Capital, LLC | $13.7 Mil | 4.7% | 22 | ADD +16.3% | 13F |
| Diameter Capital Partners LP | $12.8 Mil | 2.5% | 20 | TRIM -74.3% | 13F |
| Atlas FRM LLC | $10.8 Mil | 0.7% | 41 | New | 13F |
| Redwood Capital Management, LLC | $10.7 Mil | 1.6% | 22 | New | 13F |
| Melqart Asset Management (UK) Ltd | $8.9 Mil | 0.9% | 41 | ADD +4967.1% | 13F |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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