MasterBrand Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 25, 2022	Dec '21 Dec 26, 2021
Revenue	2,735	2,700	2,726	3,276	2,855
Revenue Growth (YoY)	1.27%	-0.95%	-16.77%	14.72%	15.63%
Cost of Revenue	1,908	1,823	1,823	2,335	2,071
Gross Profit	826.8	877	903.4	940.5	783.9
Selling, General & Admin	638.6	581.8	570.2	647.2	525.6
Amortization of Goodwill & Intangibles	25.6	20.2	15.3	17.2	17.8
Operating Expenses	664.2	602	585.5	664.4	543.4
Operating Income	162.6	275	317.9	276.1	240.5
Interest Expense	-74.1	-74	-65.2	-2.2	-
Interest & Investment Income	-	-	-	12.9	4.6
Currency Exchange Gain (Loss)	-0.1	2	-3.2	-1.1	-1.4
Other Non Operating Income (Expenses)	1.2	4.4	3.7	-0.8	-1.2
EBT Excluding Unusual Items	89.6	207.4	253.2	284.9	242.5
Merger & Restructuring Charges	-44.1	-43.4	-12.5	-25.1	-4.2
Gain (Loss) on Sale of Assets	-	4.3	-	-	-
Asset Writedown	-	-	-	-46.4	-
Other Unusual Items	-	-	-9.4	-	-
Pretax Income	46.3	168.3	238.7	213.4	238.3
Income Tax Expense	19.6	42.4	56.7	58	55.7
Net Income	26.7	125.9	182	155.4	182.6
Net Income to Common	26.7	125.9	182	155.4	182.6
Net Income Growth	-78.79%	-30.82%	17.12%	-14.90%	25.33%
Shares Outstanding (Basic)	127	127	128	128	128
Shares Outstanding (Diluted)	129	131	130	129	128
Shares Change (YoY)	-1.30%	0.77%	0.62%	0.86%	-
EPS (Basic)	0.21	0.99	1.42	1.21	1.43
EPS (Diluted)	0.21	0.96	1.40	1.20	1.43
EPS Growth	-78.13%	-31.43%	16.67%	-15.88%	25.33%
Free Cash Flow	117.5	211.1	348.3	179.7	96.6
Free Cash Flow Per Share	0.91	1.61	2.68	1.39	0.76
Gross Margin	30.23%	32.48%	33.14%	28.71%	27.45%
Operating Margin	5.95%	10.18%	11.66%	8.43%	8.42%
Profit Margin	0.98%	4.66%	6.68%	4.74%	6.40%
Free Cash Flow Margin	4.30%	7.82%	12.78%	5.49%	3.38%
EBITDA	256.1	352.3	382.2	340.6	302.7
EBITDA Margin	9.37%	13.05%	14.02%	10.40%	10.60%
D&A For EBITDA	93.5	77.3	64.3	64.5	62.2
EBIT	162.6	275	317.9	276.1	240.5
EBIT Margin	5.95%	10.18%	11.66%	8.43%	8.42%
Effective Tax Rate	42.33%	25.19%	23.75%	27.18%	23.37%
Advertising Expenses	67.3	54.5	65	39.7	-

Updated Dec 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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