Masco (MAS) 10-K Summary — Year Ended Dec 31, 2025
Masco Corporation designs, manufactures, and distributes branded home improvement and building products through two segments: Plumbing Products and Decorative Architectural Products. For the 2025 fiscal year, the company reported financial results that management attributed to its strategic focus on core businesses, enterprise leverage, and portfolio management, along with increased shareholder returns via share repurchases and a dividend increase.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Masco Corporation designs, manufactures, and distributes branded home improvement and building products through two segments: Plumbing Products and Decorative Architectural Products. For the 2025 fiscal year, the company reported financial results that management attributed to its strategic focus on core businesses, enterprise leverage, and portfolio management, along with increased shareholder returns via share repurchases and a dividend increase.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.6B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$810M
Net income reported for the year.
Operating cash flow
$1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $8.7B | +3.6% |
| Dec 31, 2023 | $8B | -8.2% |
| Dec 31, 2024 | $7.8B | -1.7% |
| Dec 31, 2025 | $7.6B | -3.4% |
Business overview
Masco Corporation is a global leader in branded home improvement and building products, with well-known brands including BEHR paint, DELTA and HANSGROHE faucets, LIBERTY hardware, and HOT SPRING spas. The company operates through two segments: Plumbing Products, which sells manufactured or sourced faucets, bath, and shower fixtures, and Decorative Architectural Products, which experiences seasonal sales peaks in the second and third calendar quarters.
Financial performance
Revenue for fiscal year 2025 was lower than the prior year, following a multi-year declining trend from a level above the current figure. Operating income and net income were both reported, with operating cash flow generating substantial cash. The filing attributes the results to the execution of the company's strategy, including maximizing core business potential and enterprise-wide opportunities.
Material risks
The filing contains a section on risk factors that warns of uncertainties and forward-looking statements, but the provided text does not disclose specific risk details such as market conditions or operational challenges. The company notes that actual results may differ materially from forward-looking statements due to unpredictable risks.
Liquidity and capital
Masco maintains high liquidity and focuses on cash generation, with a capital allocation strategy that includes reinvesting in the business, maintaining an investment-grade credit rating, paying a relevant dividend, and using excess free cash flow for share repurchases or acquisitions. At year-end, cash and cash investments were substantial, with a portion held in foreign subsidiaries.
What to watch
Monitor revenue trends in the Decorative Architectural Products segment, given its noted seasonality, to assess whether the multi-year sales decline continues or stabilizes.