Masco
MAS on NYSE. Masco sells faucets, paint, hardware and spas to home improvement customers. Market value $13.5bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $8.34 of spare cash in the past 12 months. A savings account pays about $4.
You pay 12.1 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 48 cents a year. Above 10 is good.
Quality score: 64 of 100. Price score: 99 of 100. Our list needs 70 on quality and 60 on price.
$68.46 a share, 18% above its 1-year low
Over the past year the price has ranged from $58.16 to $83.64.
Dividend: 1.9% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8.4bn | $8.7bn | $8.0bn | $7.8bn | $7.6bn |
| Operating margin | |||||
| Operating margin | 16.8% | 14.9% | 16.9% | 17.4% | 16.5% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.23bn | 0.22bn | 0.22bn | 0.21bn | 0.20bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)7 of 9
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 1.0% a year
- Buying back its own sharesYes, 11% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2 billion last quarter, down 3% on a year ago.
- Profit: $318 million, up 18% on a year ago.
- It keeps 18 cents of each $1 of sales as operating profit, about the same as a year earlier.
- Spare cash over the past 12 months: $1.1 billion, up from $809 million.
- 6% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $2.7 billion more than cash, up from $2.6 billion a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $2.0bn |
| December 2024 | $1.8bn |
| March 2025 | $1.8bn |
| June 2025 | $2.1bn |
| September 2025 | $1.9bn |
| December 2025 | $1.8bn |
| March 2026 | $1.9bn |
| June 2026 | $2.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $167m |
| December 2024 | $182m |
| March 2025 | $186m |
| June 2025 | $270m |
| September 2025 | $189m |
| December 2025 | $165m |
| March 2026 | $213m |
| June 2026 | $318m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 28 October 2026
- Last annual report (10-K)
- 10 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
11 long-term investors we follow own it, up from 10 last quarter. 918 funds in all.
- Hosking PartnersJeremy Hosking
- Value
- $12m
- Share of fund
- 0.4%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Harris Associates (Oakmark)Bill Nygren | $677m | 0.9% | Cut |
| Boston PartnersBoston Partners team | $375m | 0.3% | Added |
| Beutel GoodmanBeutel Goodman team | $302m | 2.2% | Added |
| Ariel InvestmentsJohn Rogers Jr. | $133m | 1.3% | Added |
| Fiduciary Management (FMI)Pat English | $127m | 1.8% | Cut |
| Cambiar InvestorsBrian Barish | $47m | 2.0% | Added |
| Gotham Asset ManagementJoel Greenblatt | $26m | <0.1% | Cut |
| Yacktman Asset ManagementStephen Yacktman | $23m | 0.3% | Added |
| Hosking PartnersJeremy Hosking | $12m | 0.4% | |
| GMOJeremy Grantham | $545,667 | <0.1% | Added |
| Cullen Capital ManagementJames Cullen | $244,354 | <0.1% | New |
Largest holders overall
- BlackRock$1.3bn
- Vanguard Capital Management$1.1bn
- Vanguard Portfolio Management$994m
- State Street$873mAdded
- Harris Associates (Oakmark)$677mCut
- JPMorgan Chase$440mCut
- Geode Capital Management$434m
- VAN ECK Associates$383mCut
- Boston Partners$375mAdded
- Massachusetts Financial Services$373mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Vanguard Capital ManagementPassive investor7.3%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor6.1%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.3%Since 30 June 2026
- Harris Associates (Oakmark)Passive investorat least 4.2%−1.3 pts(filed with 1 related holder)Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 7.3% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 6.1% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.3% | 30 June 2026 | |
Harris Associates (Oakmark) Passive investor | at least 4.2%−1.3 pts (filed with 1 related holder) | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $5m.
- PAYNE LISA ADirectorSold
- Date
- 7 March 2026
- Shares
- 16,735
- Price
- $63.66
- Value
- $1m
- Eisman Heath MVP, Controller and CAOSold
- Date
- 26 February 2026
- Shares
- 747
- Price
- $71.92
- Value
- $53,724
- Cole Kenneth G.VP, General Counsel and Sec.Sold
- Date
- 12 February 2026
- Shares
- 51,900
- Price
- $77.03
- Value
- $4m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 7 March 2026 | PAYNE LISA A Director | Sold | 16,735 | $63.66 | $1m |
| 26 February 2026 | Eisman Heath M VP, Controller and CAO | Sold | 747 | $71.92 | $53,724 |
| 12 February 2026 | Cole Kenneth G. VP, General Counsel and Sec. | Sold | 51,900 | $77.03 | $4m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 10 Feb 2026, plus the 10-Q filed 29 Jul 2026 and 6 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 38% last year. Losing that customer would hurt.
“In 2025, our net sales to The Home Depot were $2.9 billion (approximately 38 percent of our consolidated net sales), and our net sales to Ferguson and Lowe’s were each less than 10 percent of our consolidated net sales.”
From the 10-K filed 10 February 2026, Item 1A. Risk Factors. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have barely grown: 1.0% a year.
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.