MasterBrand, Inc.MBCEarnings & Financial Report
Master Lock is an American company that sells padlocks, combination locks, safes, and related security products. Now a subsidiary of Fortune Brands Innovations, Master Lock Company LLC was formed in 1921 by locksmith-inventor Harry Soref and is headquartered in Oak Creek, Wisconsin. In 1970, the company was purchased by American Brands from Soref's heirs. American Brands was later renamed to Fortune Brands, which then split on October 3, 2011, to create the Fortune Brands Home & Security comp...
Revenue
$667.7M
Gross Profit
$203.3M
Operating Profit
$37.5M
Net Profit
$14.0M
Gross Margin
30.4%
Operating Margin
5.6%
Net Margin
2.1%
YoY Growth
-1.4%
EPS
$0.10
MasterBrand, Inc. Q4 FY2024 Financial Summary
MasterBrand, Inc. reported revenue of $667.7M (down 1.4% YoY) for Q4 FY2024, with a net profit of $14.0M (down 61.2% YoY) (2.1% margin). Cost of goods sold was $464.4M, operating expenses totaled $165.8M.
Key Financial Metrics
| Total Revenue | $667.7M |
|---|---|
| Net Profit | $14.0M |
| Gross Margin | 30.4% |
| Operating Margin | 5.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
MasterBrand, Inc. Q4 FY2024 revenue of $667.7M breaks down across 3 segments, led by Dealers at $360.4M (54.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Dealers | $360.4M | 54.0% |
| Retail | $221.9M | 33.2% |
| Builders | $85.4M | 12.8% |
MasterBrand, Inc. Revenue by Segment — Quarterly Trend
MasterBrand, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Dealers and Retail) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Dealers | $345.7M | $391.6M | $410.0M | $353.1M |
| Retail | $220.0M | $211.9M | $223.0M | $223.5M |
| Builders | $78.9M | $95.4M | $97.9M | $83.7M |
MasterBrand, Inc. Annual Revenue by Year
MasterBrand, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.7B |
| 2024 | $2.7B |
| 2023 | $2.7B |
MasterBrand, Inc. Quarterly Revenue & Net Profit History
MasterBrand, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $644.6M | -3.5% | $-42.0M | -6.5% |
| Q3 FY2025 | $698.9M | -2.7% | $18.1M | 2.6% |
| Q2 FY2025 | $730.9M | +8.0% | $37.3M | 5.1% |
| Q1 FY2025 | $660.3M | +3.5% | $13.3M | 2.0% |
| Q4 FY2024 | $667.7M | -1.4% | $14.0M | 2.1% |
| Q3 FY2024 | $718.1M | +6.0% | $29.1M | 4.1% |
| Q2 FY2024 | $676.5M | -2.7% | $45.3M | 6.7% |
| Q1 FY2024 | $638.1M | -5.7% | $37.5M | 5.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $638.1M | $676.5M | $718.1M | $667.7M | $660.3M | $730.9M | $698.9M | $644.6M |
| YoY Growth | -5.7% | -2.7% | 6.0% | -1.4% | 3.5% | 8.0% | -2.7% | -3.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.40B | $2.43B | $2.96B | $2.93B | $2.96B | $2.96B | $3.00B | $3.10B |
| Liabilities | $1.17B | $1.17B | $1.67B | $1.64B | $1.65B | $1.60B | $1.62B | $1.76B |
| Equity | $1.23B | $1.26B | $1.29B | $1.29B | $1.31B | $1.36B | $1.38B | $1.34B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $18.7M | $77.4M | $80.8M | $115.1M | $-31.4M | $84.8M | $55.4M | $86.9M |