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XStocksXray
Research report · 16 October 2026

Masco Corp (MAS)

Industrials · Building Products · US stock · price as of 16 Oct 2026

Key indicators

Price$72.87
52-week range$57.51 – $83.27
Market cap$14.9B
P/E (trailing)18.2×
EV / EBITDA12.3×
Free-cash-flow yield6.3%
Dividend yield1.7%
Revenue (last 12 months)$7.7B
Revenue growth (3y a year)−4.5%
Operating margin16.6%
Return on invested capital39.6%
Net debt / EBITDA1.9×

Fair value

Blended fair value$107.68 range $103 – $113
Versus priceUndervalued+48% to fair value
Peer multiples$118.10
Fundamentals-adjusted multiple$113.85
10-year DCF (market-scaled)$91.10
Earnings power value (floor, not blended)$38.67
Model uncertaintyMedium

X-Ray Score

58/ 100 · High confidence · ahead of 74% of sector peers
Valuation86
Growth18
Profitability76
Financial health44
Dividends52

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

35.4555.8576.2596.65117Fair value $1082021-102023-012024-042025-072026-10

Executive summary

Masco makes home improvement and building products, with brands in plumbing, such as Delta faucets, and in paints and coatings, such as Behr. It also sells cabinets, lighting and other fittings. The company sells through home centers, dealers and professional channels, and earns money from product sales to consumers and contractors. Repair and remodel spending, and new housing activity, are important drivers of demand.

Over the latest twelve months the company reported revenue of $7.7 billion, and annual revenue fell by 4.5% on average across three years. Profitability at the operating level stands at 16.6%, and return on invested capital came to 40%. The company carries net debt of 1.9 times its EBITDA. A dividend is paid, with a yield of 1.7%.

StocksXray gives Masco Corp an X-Ray Score of 58 out of 100 (high confidence), ahead of 74% of the S&P 500 stocks in its sector. Its strongest lens is valuation (86) and its weakest is growth (18).

Our fair value blend is $107.68 (range $102.91 to $112.68). At $72.87 the stock trades 32% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.

stocksxray.com · page 1
XStocksXray
Masco Corp (MAS)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

FY2021FY2022FY2023FY2024FY2025Now
Price$64.18$43.58$63.87$70.29$62.61$72.87
Market cap$16.1B$10.1B$14.4B$15.4B$13.1B$14.9B
P/E39.6×12.0×15.9×18.7×16.2×18.2×
EV / revenue2.2×1.5×2.1×2.3×2.1×2.3×
EV / EBITDA11.8×9.0×11.3×11.7×11.3×12.5×
Price / free cash flow20.1×16.4×12.3×17.0×15.2×15.8×
Free-cash-flow yield5.0%6.1%8.1%5.9%6.6%6.3%
Price / book––––––
Dividend yield1.10%2.57%1.78%1.65%1.98%1.74%

Fundamentals checklist ● 7 Good · ● 7 Average · ● 2 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−5.0%Good
Free-cash-flow yield6.3%Good

Risk models

Altman Z score2.7×Average
Piotroski F-Score6 of 9Average

Growth

EPS growth (3y)2.1%Average
Free-cash-flow growth (3y)12.0%Average
Revenue growth (3y)−4.5%Bad
Growth consistency20%Bad

Balance sheet

Current ratio1.8×Good
Net debt / EBITDA1.9×Average
Interest cover12.7×Average

Valuation

Fair value vs price1.5×Good
EBIT / EV yield7.2%Good

Profitability

Return on invested capital39.6%Good
Operating margin16.6%Average
Gross profitability52.0%Good

Red flags

  • Negative equity — Book equity is negative
stocksxray.com · page 2
XStocksXray
Masco Corp (MAS)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statementFY21FY22FY23FY24FY25LTM
Revenue8,3758,6807,9677,8287,5627,679
Gross profit2,8632,7132,8362,8312,6792,720
Operating income1,4051,2971,3481,3631,2481,278
Net income410844908822810837
Diluted EPS ($)1.623.634.023.763.864.01
Free cash flow8026161,170907866943
Gross margin34.2%31.3%35.6%36.2%35.4%35.4%
Operating margin16.8%14.9%16.9%17.4%16.5%16.6%
Net margin4.9%9.7%11.4%10.5%10.7%10.9%
Balance sheetFY21FY22FY23FY24FY25LTM
Total assets5,5755,1875,3635,0165,2015,233
Cash926452634634647388
Total debt2,9593,1512,9482,9482,9473,074
Equity-179-480-126-279-185-242
Dividend per share ($)0.711.121.141.161.241.25

Revenue and net income US$ billions: navy revenue, teal net income

FY21FY22FY23FY24FY25

Margins blue gross, teal operating, brown net

0%12%24%36%FY21FY22FY23FY24FY25

Latest quarters

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ($M)1,8281,8012,0511,9171,7931,918
Growth vs a year earlier−2.9%−6.5%−1.9%−3.3%−1.9%+6.5%
Net income ($M)182186270189165213
Diluted EPS ($)–0.871.280.90–1.05
stocksxray.com · page 3
XStocksXray
Masco Corp (MAS)

Peers in Building Products

CompanyX-Ray
MAS · Masco Corp58
AOS · Smith A O Corp68
LII · Lennox International Inc62
ALLE · Allegion plc62
TT · Trane Technologies plc58

Market Compass outlook for Industrials: Neutral (45/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week+6.0%
1 month+6.8%
3 months−5.5%
6 months+10.5%
1 year+9.9%
3 years+43.2%
5 years+40.7%

Technical summary

DailyStrongly bullish11 bullish · 3 neutral · 2 bearish
WeeklyStrongly bullish9 bullish · 1 neutral · 2 bearish
MonthlyStrongly bullish7 bullish · 1 neutral · 0 bearish
50-day / 200-day average$70.84 / $69.93
52-week low / high$57.51 / $83.27
Classic pivot, support and resistanceS2 71.12 · S1 72.00 · P – · R1 74.16 · R2 75.44

Recent dividends

Ex-dividend dateAmount per share
24 Aug 2026$0.3200
22 May 2026$0.3200
20 Feb 2026$0.3200
7 Nov 2025$0.3100
8 Aug 2025$0.3100
23 May 2025$0.3100
stocksxray.com · page 4
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Masco Corp (MAS)

Strengths

  • Return on invested capital of 39.6% is ahead of 92% of its sector peers.
  • Free-cash-flow yield of 6.3% is ahead of 86% of its sector peers.
  • Piotroski F-Score of 6 out of 9: most of the nine accounting health tests pass.
  • Has raised its dividend for 7 years in a row.

Risks and weak spots

  • Revenue growth (3y) is weak against Industrials peers (−4.5%).
  • Growth consistency is weak against Industrials peers (20%).
  • Red flag: Negative equity (Book equity is negative).

Latest SEC filings

DateFormItems
29 Jul 202610-Q
29 Jul 20268-K2.02,9.01
14 May 20268-K5.03,5.07
22 Apr 202610-Q
22 Apr 20268-K2.02,9.01
21 Apr 20268-K5.02
10 Apr 2026DEF 14A
26 Mar 20268-K1.01,1.02,2.03,9.01

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.

stocksxray.com · page 5 · generated 19 Oct 2026