MasterBrand, Inc.
MBC · Wood Household Furniture, (No Upholstered) · 128.0M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $22M, SBC $18M)
Grade
C65North America's largest residential cabinet maker, scaled but with thin current-year returns.
Strengths
- Scale leadership and solid FCF ($117.5M, 68th pct) with operating margin at 58th pct
- Pending American Woodmark combination could add scale/synergies
Risks
- Weak returns (ROE 2.0%/45th, ROA 0.9%/56th) and razor-thin net margin (1.0%, 48th pct)
- Cyclical housing/R&R exposure in a highly competitive, low-barrier cabinet market
- Elevated leverage (D/E 0.72, 72nd pct) ahead of a debt-funded combination
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $183M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
30.3%
Operating margin
4.4%
Net margin
1.0%
Return on equity
2.0%
Return on assets
0.9%
ROIC
4.1%
Revenue growth (QoQ)
-4.1%
Net-income growth
-78.8%
Debt / equity
0.7×
Current ratio
1.7×
Free cash flow
$118M
Tangible book value
-$331M
Cash & investments
$183M
Stock comp / revenue
0.6%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Exhibits | filing ↗ |
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-05-28 | Acquisition/dispositionDebt obligationExec/director changeReg FDExhibits | filing ↗ |
| 2026-05-26 | Other | filing ↗ |
| 2026-05-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-22 | Exec/director changeOther | filing ↗ |
| 2026-03-26 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-10 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-06-26 | 2026-05-28 | 0001941365-26-000065 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0001193125-26-257428 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001193125-26-243139 ↗ |
| 8-K | 2026-05-26 | 2026-05-22 | 0001193125-26-239607 ↗ |
| 10-Q | 2026-05-06 | 2026-03-29 | 0001941365-26-000056 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001941365-26-000054 ↗ |
| 8-K | 2026-04-22 | 2026-04-17 | 0001193125-26-170566 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0001140361-26-011363 ↗ |
| 10-K | 2026-02-13 | 2025-12-28 | 0001941365-26-000006 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001941365-26-000003 ↗ |
| 8-K | 2025-11-07 | 2025-11-07 | 0001193125-25-272528 ↗ |
| 10-Q | 2025-11-05 | 2025-09-28 | 0001941365-25-000088 ↗ |