Masco Corporation stock research
FY2025 Q3
Masco (MAS) Gross Margin — Quarter Ended Sep 30, 2025
Revenue decreased compared to both the prior quarter and the same quarter last year, while cost of revenue remained stable. Gross profit and gross margin both declined, resulting in a weaker profitability profile for the quarter.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue decreased compared to both the prior quarter and the same quarter last year, while cost of revenue remained stable. Gross profit and gross margin both declined, resulting in a weaker profitability profile for the quarter.
- The decline in gross margin was driven by a lower gross profit relative to revenue, as cost of revenue did not decrease proportionally. The strongest observable driver is the reduction in revenue without a corresponding decline in cost of revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter one year earlier, revenue and gross profit were lower, while gross margin also weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.2%
Gross profit
$656.0M
Revenue
$1.9B
Cost of revenue
$1.3B
Quarter-over-quarter change
-3.4 pts
Year-over-year change
-2.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.8B | $636.0M | $1.2B | 34.8% |
| Mar 31, 2025 | $1.8B | $644.0M | $1.2B | 35.8% |
| Jun 30, 2025 | $2.1B | $772.0M | $1.3B | 37.6% |
| Sep 30, 2025 | $1.9B | $656.0M | $1.3B | 34.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
-3.4 pts
Year-over-year change
Sep 30, 2024
-2.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross margin was driven by a lower gross profit relative to revenue, as cost of revenue did not decrease proportionally. The strongest observable driver is the reduction in revenue without a corresponding decline in cost of revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter one year earlier, revenue and gross profit were lower, while gross margin also weakened.
Monitor whether revenue trends stabilize or continue to decline, as this directly affects gross margin performance.