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Companies / Consumer Discretionary / MasterBrand, Inc.
MBC

MasterBrand, Inc.

Consumer DiscretionaryFurniture & Building
Ticker MBCBEACHWOOD, OHFiscal year ends DecemberBook value per share $14.00Diluted shares 140.6M

MasterBrand, Inc. (NASDAQ: MBC) is the largest manufacturer of residential cabinets in North America, operating through its website at masterbrand.com. Founded in 1954 as United Cabinet Incorporated, the company became an independent, publicly-traded entity following a tax-free spin-off from Fortune Brands Innovations… From the company’s description.

Fiscal year 2025 · ends 12-28Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-28
Sales & profitability
$2.73B
+1.3% year over year
Last 12 mo $2.78B
4.35%
−4.4 percentage points
Last 12 mo -1.14%
$26.70M
−78.8% year over year
Last 12 mo $-96.90M
2.64%
−8.1 percentage points
Last 12 mo -4.92%
Cash & financing
$195.70M
−33.0% year over year
Last 12 mo $148.10M
$117.50M
−44.3% year over year
Last 12 mo $74.40M
0.72
Was 0.78× a year earlier
Last 12 mo 0.71
129.2M
−1.3% year over year
Last 12 mo 140.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MasterBrand, Inc. does

In the company’s own words

MasterBrand, Inc. (NASDAQ: MBC) is the largest manufacturer of residential cabinets in North America, operating through its website at masterbrand.com. Founded in 1954 as United Cabinet Incorporated, the company became an independent, publicly-traded entity following a tax-free spin-off from Fortune Brands Innovations in December 2022.

The company manufactures and distributes a comprehensive portfolio of residential cabinetry products for kitchens, bathrooms, and other areas of the home across three primary market segments: stock cabinets offering entry-level pricing with standardized components, semi-custom cabinets providing personalized options at moderate price points, and premium cabinetry enabling highly customized designs. MasterBrand's brands include its core cabinet lines along with Dura Supreme and Bertch cabinetry, acquired through the July 2024 acquisition of Supreme Cabinetry Brands.

The company serves the remodeling and new construction markets through three primary distribution channels: an extensive dealer network of over 7,900 cabinet dealers across the United States and Canada, major retailers including Lowe's and Home Depot, and regional and national home builders. Lowe's and Home Depot represented approximately 33 percent of net sales in fiscal 2025, with the ten largest customers generating approximately 50 percent of total net sales.

As of December 28, 2025, MasterBrand employed more than 12,000 full-time and part-time associates, with approximately 81 percent in hourly production and distribution roles and 32 percent working under collective bargaining agreements. The company operates manufacturing and distribution facilities throughout the United States, Canada, Mexico, and Southeast Asia.

MasterBrand's competitive advantages include its scale and volume leadership enabling advantaged cost structures, extensive dealer network providing market reach, decades of operational experience optimizing procurement and manufacturing, and a data-driven operating model called The MasterBrand Way. The company emphasizes continuous improvement, lean manufacturing principles, and strategic initiatives focused on product complexity reduction, associate engagement, and digital transformation. In August 2025, MasterBrand announced a definitive merger agreement with American Woodmark Corporation, expected to close in early 2026, further consolidating the residential cabinet market.

Company details
Sector
Consumer Discretionary
Industry
Furniture & Building
Headquarters
BEACHWOOD, OH
Fiscal year end
December
CIK
1941365
SIC
2511

Financial performance, year by year

Fiscal 2023–2025 · USD
$-384.26M$477.82M$1.34B$2.20B$3.06B202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MasterBrand, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

253
funds hold it
0 of 35
superinvestors hold it
$693.16M
held by funds, at market
34.9%
of shares held by funds
1
bond issues held by funds

Largest fund holders · MasterBrand, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
Fidelity Value Fund
FDVLX · Fidelity Capital Trust
0.31%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MasterBrand, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of MasterBrand, Inc.’s debt, $231.09M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 7.00%, maturing 2032 to 2032.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do MasterBrand, Inc. and its peers compare on margins and cash generation over ten years?”
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