MasterBrand, Inc.
- Open
- 9.00
- Day high
- 9.36
- Day low
- 8.98
- Prev close
- 9.00
- Volume
- 1.2M
- Mkt cap
- $1.2B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.9
- P/S
- 0.4
- Yield
- —
- Per share
- —
- ▲Insiders net buying $460K over the last 3 months (4 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
MasterBrand, Inc. (MBC) is a Consumer Cyclical company listed on NYSE. The stock is down 25% over the past year. Over the trailing 3 months, insiders filed 4 open-market buys and 1 sale (SEC Form 4).
MasterBrand, Inc. (MBC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MBC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.04 | $0.06 | +271.4% | $618M | +4.5% |
| Aug 6, 2025 | $0.38 | $0.40 | +5.3% | $731M | +5.5% |
| Feb 18, 2025 | $0.38 | $0.21 | -44.7% | $668M | -1.3% |
| Feb 26, 2024 | $0.27 | $0.34 | +25.9% | $677M | +1.6% |
| Mar 7, 2023 | $0.51 | $0.52 | +2.0% | $784M | +2.0% |
| Nov 21, 2022 | — | $0.32 | — | $856M | — |
| Sep 30, 2022 | — | $0.41 | — | $858M | — |
| Mar 31, 2022 | — | $0.37 | — | $777M | — |
| Dec 31, 2021 | — | $0.28 | — | $745M | — |
| Sep 25, 2021 | — | $0.37 | — | $717M | — |
| Jun 26, 2021 | — | $0.39 | — | $697M | — |
| Mar 26, 2021 | — | $0.39 | — | $697M | — |
MBC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Fracassa Philip D.director | Buy | 5,000 | $9.11 |
| Jun 11, 2026 | Kendrick Bruce Alanofficer: EVP & Chief HR Officer | Sell | 26,245 | $9.02 |
| Jun 9, 2026 | PETRATIS DAVID Ddirector | Buy | 11,587 | $8.82 |
| Jun 5, 2026 | Cogan Andrew Bdirector | Grant | 18,824 | — |
| Jun 5, 2026 | HACKETT ANN Fdirector | Grant | 18,824 | — |
| Jun 5, 2026 | HENDRIX DANIEL Tdirector | Grant | 18,824 | — |
| Jun 5, 2026 | Fracassa Philip D.director | Grant | 18,824 | — |
| Jun 5, 2026 | Perry Jeffery S.director | Grant | 18,824 | — |
| Jun 5, 2026 | Simon Andrea Helenofficer: EVP & CFO | Grant | 105,018 | — |
| Jun 5, 2026 | Simon Andrea Helenofficer: EVP & CFO | Buy | 5,000 | $8.56 |
| Jun 5, 2026 | Grewal Navneetofficer: EVP, Chief Digital & Tech Off. | Grant | 72,929 | — |
| Jun 5, 2026 | Crisci Robertdirector | Grant | 18,824 | — |
| Jun 5, 2026 | PETRATIS DAVID Ddirector | Grant | 18,824 | — |
| Jun 5, 2026 | COURAGE CATHERINEdirector | Grant | 18,824 | — |
| Jun 5, 2026 | CHUGG JULIANA Ldirector | Grant | 18,824 | — |
Source: MBC SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full MBC insider & 13F page →MasterBrand, Inc. company profile
Overview
MasterBrand, Inc. (NYSE:MBC) is a leading North American manufacturer of residential cabinetry that went public in December 2022 through a spin-off from Fortune Brands Home & Security. Based in Jasper, Indiana, the company has established itself as a major player in the kitchen and bathroom cabinet industry, serving both new construction and repair-and-remodel markets across the United States and Canada. Since its IPO, MasterBrand has focused on operational excellence through strategic initiatives while navigating challenging market conditions in the residential construction sector.
Business
MasterBrand operates in the residential cabinetry industry, manufacturing and selling kitchen, bathroom, and other home storage solutions. The company's core business revolves around producing custom, semi-custom, and stock cabinets that serve as essential components in home construction and renovation projects. The residential cabinetry industry is fundamentally tied to housing market activity, as cabinets represent a significant portion of kitchen and bathroom installations. These products range from basic stock cabinets available at home improvement retailers to high-end custom cabinetry designed for luxury homes. The industry serves two primary end markets: new construction, where cabinets are installed in newly built homes, and repair and remodel, where homeowners upgrade existing kitchens and bathrooms. MasterBrand's product portfolio spans multiple price points and distribution channels. The company manufactures cabinets under various brand names, serving different market segments from value-oriented to premium offerings. In 2024, the company expanded its portfolio through the acquisition of Supreme Cabinetry Brands for $520 million, adding premium kitchen and bath categories to strengthen its position in higher-end markets. The company's revenue is roughly split between new construction and repair-and-remodel markets, with new construction typically representing a slightly larger portion. The Canadian market also contributes meaningfully to overall sales, though it represents a smaller percentage of total revenue compared to the U.S. market.
Revenue model
MasterBrand generates revenue primarily through product sales of manufactured cabinets to various customer channels. The company's business model centers on manufacturing cabinets at scale and distributing them through multiple channels including independent dealers, home improvement retailers, and direct relationships with homebuilders. The company's customers fall into several categories: independent dealers who serve local contractors and homeowners, national homebuilders who install cabinets in new construction projects, and retail chains that sell to do-it-yourself consumers. Revenue recognition occurs when products are shipped to customers, with payment terms typically ranging from 30 to 60 days. MasterBrand's profitability is influenced by several key factors. Material costs represent a significant portion of expenses, with lumber, hardware, and finishing materials subject to commodity price fluctuations. Labor costs in manufacturing facilities impact margins, particularly during periods of wage inflation or labor shortages. The company has implemented continuous improvement initiatives targeting $50 million in annual cost savings to offset these pressures. Volume leverage plays a crucial role in profitability, as fixed manufacturing costs can be spread across higher production volumes during strong demand periods. Conversely, during market downturns, the company faces margin pressure from underutilized capacity. Product mix also affects margins, with higher-end custom and semi-custom cabinets typically generating better margins than stock products, though they may have longer lead times and more complex manufacturing requirements. External factors significantly impacting the business include housing market conditions driven by interest rates, consumer confidence, and demographic trends. Raw material inflation, particularly in wood and hardware components, can compress margins if not offset by pricing actions. Trade policies and tariffs on imported components also influence cost structure, though the company's predominantly U.S.-based manufacturing provides some insulation from these effects.
Competitive moat
MasterBrand's competitive position relies primarily on operational scale and manufacturing efficiency rather than strong economic moats. The company benefits from its position as one of the largest cabinet manufacturers in North America, providing advantages in procurement, distribution network reach, and ability to serve large national homebuilders who require consistent capacity and quality. The company's established dealer relationships provide some defensive characteristics, as independent dealers often prefer working with reliable suppliers who can provide consistent product availability and support. MasterBrand's multi-brand strategy allows it to serve different price points and customer preferences, creating some customer stickiness within its distribution network. However, the cabinet manufacturing industry faces significant competitive pressures. Low barriers to entry allow regional manufacturers to compete effectively in local markets, particularly in the repair and remodel segment where customers may prioritize price and quick delivery over brand recognition. Product commoditization in stock cabinet categories limits pricing power, especially during weak demand periods. The company's manufacturing network and scale provide operational advantages, but these can be replicated by well-capitalized competitors over time. Import competition from lower-cost international manufacturers poses an ongoing threat, particularly in value-oriented product categories. Additionally, the company's dependence on cyclical housing markets creates vulnerability during economic downturns, when even efficient operators face margin pressure from reduced volumes. Overall, MasterBrand operates in a moderately competitive industry where scale and operational efficiency provide advantages, but sustainable competitive moats are limited. Success depends largely on execution, cost management, and maintaining strong customer relationships rather than structural competitive advantages.
Risks & safety
MasterBrand presents a moderate margin of safety profile with reasonable financial stability but cyclical earnings volatility. • Liquidity position: $113.5 million in cash and short-term investments as of Q1 2025, with current ratio of 1.90, providing adequate near-term financial flexibility • Debt levels: Debt-to-equity ratio of 0.86, manageable but elevated following the Supreme Cabinetry acquisition; total liabilities of $1.65 billion against $2.96 billion in assets • Cash flow volatility: Free cash flow turned negative at -$41.2 million in Q1 2025 due to seasonal working capital needs, though historically generates positive annual free cash flow • Valuation metrics: Trading at 31.3x P/E ratio and 11.3x EV/EBITDA, appearing expensive relative to cyclical earnings, though P/B ratio of 1.27 suggests reasonable asset valuation • Cyclical risks: Highly dependent on housing market conditions with EBITDA declining from $368.2 million in 2023 to $319.6 million in 2024, demonstrating earnings sensitivity to market cycles • Operational leverage: Fixed cost structure creates both upside potential in strong markets and downside risk during contractions, currently managing through workforce reductions and facility consolidations
Recent development
MasterBrand has pursued a three-pronged strategic approach over the past several years centered on "Align to Grow," "Lead Through Lean," and "Tech Enabled" initiatives. The Align to Grow strategy focuses on market segmentation and supply chain optimization, including the development of ready-to-assemble cabinet products and new product packages tailored for builder partners. The most significant recent development was the $520 million acquisition of Supreme Cabinetry Brands in 2024, which expanded MasterBrand's presence in premium kitchen and bath categories. This acquisition contributed approximately 9% to year-over-year sales growth and is expected to be accretive to EBITDA margins. The company is currently integrating Supreme's operations, including facility consolidation in Waterloo, Iowa, and dealer network integration. Under the Lead Through Lean initiative, MasterBrand has maintained a focus on continuous improvement and cost reduction, targeting $50 million in annual savings. The company has implemented hundreds of Kaizen events and identified significant addressable waste in operations. Recent efforts include workforce reductions of nearly 500 production positions and corporate staff reductions to align with current market conditions. The Tech Enabled strategy involves $15 million in annual investments focused on digital infrastructure improvements, customer portal development, and manufacturing automation. These initiatives aim to enhance customer experience, improve operational efficiency, and create competitive advantages through better data analytics and process optimization. In response to challenging market conditions, MasterBrand has also undertaken manufacturing network optimization, including facility consolidations in North Carolina and the relocation of its California facility to North Las Vegas. These moves are designed to improve operational efficiency and reduce costs while maintaining capacity for future growth when market conditions improve.
MBC company profile · for informational purposes only — not investment advice.
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