Masco (MAS) FY2024 results: revenue $7.8 billion, down 1.7% on the year
Masco Corp. (MAS) reported revenue of $7.8 billion for fiscal 2024, the year ended 31 December 2024, down 1.7% on the year before. Net income was $822 million, down 9.5%, and diluted earnings per share $3.76. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$7.8 billion
-1.7% on the year
FY2017FY2024
Operating margin
17.4%
16.9% a year earlier
FY2017FY2024
Net income
$822 million
-9.5% on the year
FY2017FY2024
Diluted EPS
$3.76
-6.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,075
1,413
840
-23.9%
Capital expenditure
168
243
224
-30.9%
Free cash flow
907
1,170
616
-22.5%
Free cash flow margin
11.6%
14.7%
7.1%
Cash from investing
-50.0
-383
-230
Cash from financing
-1,017
-854
-1,066
Depreciation and amortisation
150
149
145
+0.7%
Share-based compensation
39.0
31.0
49.0
+25.8%
Buybacks
751
353
914
+112.7%
Dividends paid
254
257
258
-1.2%
Dividend per share
$1.16
$1.14
$1.12
+1.8%
Diluted shares, weighted
219m
226m
232m
-3.1%
Shares outstanding at period end
212m
221m
225m
-3.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-279
-126
-480
Non-controlling interest
226
224
218
+0.9%
Redeemable equity
0.0
18.0
20.0
Debt
2,948
2,948
3,151
0.0%
Operating lease liabilities
223
258
255
-13.6%
Finance lease liabilities
14.0
17.0
20.0
-17.6%
Other liabilities
1,884
2,024
2,003
-6.9%
Total liabilities and equity
5,016
5,363
5,187
-6.5%
Fixed assets
n/a
1,121
975
Goodwill
597
604
537
-1.2%
Intangible assets
220
377
350
-41.6%
Cash and equivalents
634
634
452
0.0%
Receivables
1,035
1,090
1,149
-5.0%
Inventory
938
1,022
1,236
-8.2%
Other assets
1,592
515
488
+209.1%
Total assets
5,016
5,363
5,187
-6.5%
10-K for the year ended 31 December 2024, filed 11 February 2025: the filing.