Masco Corporation
Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Masco is a global manufacturer of branded home improvement products, with a focus on plumbing fixtures (70% of revenue) and decorative architectural coatings (30% of revenue).
It is a $13.6B industrial company. Revenue shrank 0.6% over the last year, it keeps 12¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 15.3× earnings — in the cheapest third of its own history.
- Website
- masco.com
- Location
- Livonia, MI
- Employees
- 18 000
- Sector
- Industrials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability, quality and moat; Growth lags behind.
Valuation95
- P/E vs own history15th pct · 25/25
- FCF yield8.3% · 25/25
- P/S1.8x · 25/25
- EV/EBITDA13.0x · 20/25
Growth25
- Revenue CAGR-2.5% · 0/25
- Net income CAGR18.6% · 20/25
- EPS CAGR ~5Y-8.2% · 0/25
- Fwd implied growth1.4% · 5/25
Profitability90
- ROIC38.3% · 25/25
- ROE279.8% · 25/25
- Net margin11.6% · 20/25
- Operating margin17.5% · 20/25
Health66
- Altman Z2.77 · 18/25
- Current ratio1.86 · 18/25
- Interest coverage12.2x · 25/25
- Net cash / debtD/A 44% · 5/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.61 · 25/25
- FCF conversion127% · 25/25
- Margin stabilityσ 2.4% · 25/25
Moat75
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin34.8% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 4.9% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2021AcquisitionMasco acquired Steamist Co., Inc., a steam bath manufacturer in East Rutherford, New Jersey, in July 2021
- FY2020FinancialBest year on record$1.22B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$7.36B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2001MilestoneMasco Corp., or simply Masco, entered the windows business and had operating profits beyond a billion dollars
- 2000AcquisitionHeartland Industrial Partners, a private equity firm, purchased Masco Tech and changed its name to Metaldyne
- 1999AcquisitionMasco Corp acquired Arrow Fastener Co., Inc., a hand tool company expanding its business in the hardware…
- 1999MilestoneMasco involved itself in the architectural coatings business by purchasing Behr
- 1993IPOThe remainder of Masco Industries became Masco Tech Inc. and in 1993 was listed on the NYSE
- 1988MilestoneMasco reorganized its numerous companies; in 1988, the specialty products divisions of Masco Industries and Masco…
- 1975MilestoneMasco first appeared on the Fortune 500, and Masco's annual sales exceeded one billion dollars for the…
- 1961MilestoneMasco Screw Products Company changed its name to Masco Corporation
- 1930MilestoneThe company's first contract came in 1930 with the Hudson Motor Company valued at $7,000.00
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Interest covered 12.2× by operating earnings
- High returns on invested capital (ROIC 38.3%)
Watch-outs
- Revenue shrinking 0.6% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.6% YoY
- Profitable — makes more than it spends$885M TTM
- Profit growing — earnings are higher than last year+2.0% YoY
- Generates cash — cash left after running and investing$1.13B TTM
- Debt under control — could handle its obligations~2.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$13.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.8 — grey
- Pays a dividend — returns cash to shareholdersyield 1.93%
- Valuation not extreme — price not wildly above earningsP/E 15.3
Peer comparisonMasco Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MAS this company | $13.6B | 15.3 | -0.6% | 11.6% | Solid |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: MAS vs LRCX · MAS vs CAT · MAS vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MAS
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of MAS on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $68.75 · market cap $13.6B.