Masco (MAS) Q1 FY2026 earnings: revenue $1.9 billion, up 6.5% on the year

Masco Corp. (MAS) reported revenue of $1.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 6.5% on the same quarter a year earlier. Net income was $213 million, up 14.5% on the year, and diluted earnings per share $1.05. The figures are the company's own, from the 10-Q it filed with the SEC on 22 April 2026.

Revenue

$1.9 billion

+6.5% on the year · +7.0% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

16.5%

15.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$213 million

+14.5% on the year · +29.1% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$1.05

+20.7% on the year · +31.2% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 kept.

Net sales rose 6 percent: Net sales were $1,918 million, up 6 percent from $1,801 million and 4 percent in local currency. Operating profit rose 10 percent to $316 million.
Adjusted EPS grew 20 percent: Adjusted diluted EPS was $1.04 against $0.87. Reported EPS was $1.05 against $0.87, and average diluted shares fell to 204 million from 213 million.
Plumbing sales grew 9 percent: Plumbing Products net sales were $1,364 million, up 9 percent, or 7 percent in local currency. Its operating margin was 17.8 percent against 18.1 percent as reported.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,918	1,793	1,801	+7.0%	+6.5%
Cost of revenue	1,232	1,187	1,157	+3.8%	+6.5%
Gross profit	686	607	644	+13.0%	+6.5%
Gross margin	35.8%	33.9%	35.8%
Selling, general and administrative	369	354	358	+4.2%	+3.1%
Operating income	316	247	286	+27.9%	+10.5%
Operating margin	16.5%	13.8%	15.9%
Interest expense	26.0	24.0	26.0	+8.3%	0.0%
Pre-tax income	291	227	254	+28.2%	+14.6%
Income tax	63.0	50.0	56.0	+26.0%	+12.5%
Effective tax rate	21.6%	22.0%	22.0%
Net income	213	165	186	+29.1%	+14.5%
Net margin	11.1%	9.2%	10.3%
Diluted EPS	$1.05	$0.80	$0.87	+31.2%	+20.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	-79.0	418	-158
Capital expenditure	34.0	47.0	32.0	-27.7%	+6.2%
Free cash flow	-113	371	-190
Free cash flow margin	-5.9%	20.7%	-10.5%
Cash from investing	-36.0	-33.0	-33.0
Cash from financing	-137	-296	-72.0
Depreciation and amortisation	38.0	39.0	35.0	-2.6%	+8.6%
Buybacks	202	217	130	-6.9%	+55.4%
Dividends paid	65.0	64.0	66.0	+1.6%	-1.5%
Dividend per share	$0.32	n/a	$0.31		+3.2%
Diluted shares, weighted	204m	207m	213m	-1.4%	-4.2%
Shares outstanding at period end	202m	204m	211m	-1.3%	-4.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	-242	-185	-254
Non-controlling interest	269	261	248	+3.1%	+8.5%
Debt	3,074	2,947	3,078	+4.3%	-0.1%
Operating lease liabilities	228	221	228	+3.2%	0.0%
Finance lease liabilities	n/a	12.0	n/a
Other liabilities	1,904	1,945	1,807	-2.1%	+5.4%
Total liabilities and equity	5,233	5,201	5,107	+0.6%	+2.5%
Goodwill	618	623	605	-0.8%	+2.1%
Intangible assets	198	205	218	-3.4%	-9.2%
Cash and equivalents	388	647	377	-40.0%	+2.9%
Receivables	1,320	1,028	1,258	+28.4%	+4.9%
Inventory	1,068	1,046	1,047	+2.1%	+2.0%
Other assets	1,641	1,652	1,602	-0.7%	+2.4%
Total assets	5,233	5,201	5,107	+0.6%	+2.5%

Questions

What was Masco's revenue in Q1 FY2026?

Masco (MAS) reported revenue of $1.9 billion for Q1 FY2026, the quarter ended 31 March 2026, up 6.5% on the same quarter a year earlier.

How much did Masco earn in Q1 FY2026?

Net income for Q1 FY2026 was $213 million, up 14.5% on the year, and diluted earnings per share $1.05.

When did Masco report Q1 FY2026 results?

Masco filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 22 April 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	2,022	2,201	2,352	2,204	1,923	1,979	2,127	1,979	1,882	1,926	2,091	1,983	1,828	1,801	2,051	1,917	1,793	1,918	1,992	1,966
Cost of revenue	1,403	1,497	1,583	1,509	1,378	1,310	1,358	1,235	1,228	1,241	1,306	1,258	1,192	1,157	1,278	1,261	1,187	1,232	1,124	1,246
Gross profit	619	704	769	695	545	669	769	744	654	685	785	725	636	644	772	656	607	686	868	720
Gross margin	31%	32%	33%	32%	28%	34%	36%	38%	35%	36%	38%	37%	35%	36%	38%	34%	34%	36%	44%	37%
SG&A	356	351	361	344	334	354	366	361	392	367	388	368	345	358	361	353	354	369	397	381
Operating income	218	353	408	351	185	315	403	383	247	318	397	357	291	286	412	303	247	316	470	338
Operating margin	11%	16%	17%	16%	10%	16%	19%	19%	13%	17%	19%	18%	16%	16%	20%	16%	14%	16%	24%	17%
Interest expense	25.0	25.0	28.0	29.0	26.0	28.0	28.0	26.0	24.0	25.0	26.0	25.0	23.0	26.0	26.0	25.0	24.0	26.0	28.0	29.0
Pre-tax income	192	327	397	310	159	285	374	346	233	289	366	248	258	254	378	276	227	291	440	322
Tax rate	27%	23%	26%	25%	21%	22%	26%	25%	14%	21%	26%	27%	25%	22%	25%	28%	22%	22%	24%	25%
Net income	132	233	278	218	115	205	263	249	191	215	258	167	182	186	270	189	165	213	318	230
Net margin	7%	11%	12%	10%	6%	10%	12%	13%	10%	11%	12%	8%	10%	10%	13%	10%	9%	11%	16%	12%
Diluted EPS	$0.53	$0.97	$1.18	$0.97	$0.51	$0.90	$1.16	$1.10	$0.85	$0.97	$1.17	$0.77	$0.85	$0.87	$1.28	$0.90	$0.80	$1.05	$1.60	$1.17
Operating cash flow	335	-227	401	346	320	33.0	415	480	485	-94.0	346	416	407	-158	306	456	418	-79.0	496	371
Capital expenditure	46.0	27.0	43.0	67.0	87.0	61.0	72.0	48.0	62.0	31.0	43.0	38.0	56.0	32.0	36.0	41.0	47.0	34.0	43.0	39.0
Free cash flow	289	-254	358	279	233	-28.0	343	432	423	-125	303	378	351	-190	270	415	371	-113	453	332
Buybacks	148	364	550	0.0	0.0	53.0	28.0	45.0	227	145	145	192	269	130	101	123	217	202	390	260
Dividends paid	57.0	67.0	64.0	64.0	63.0	65.0	64.0	64.0	64.0	64.0	64.0	63.0	63.0	66.0	66.0	65.0	64.0	65.0	64.0	62.0
Shares outstanding	241m	236m	225m	225m	225m	225m	225m	224m	221m	220m	218m	216m	212m	211m	209m	208m	204m	202m	197m	193m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 22 April 2026: the filing.