MasterBrand (MBC) Q3 FY2026 earnings: revenue $1.0 billion, up 48.3% on the year

MasterBrand, Inc. (MBC) reported revenue of $1.0 billion for Q3 FY2026, the quarter ended 27 September 2026, up 48.3% on the same quarter a year earlier. Net income was -$9 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$1.0 billion

+48.3% on the year · +27.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

1.0%

6.0% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$9 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.05

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 1 raised, 6 new, 2 kept.

Net sales rose with American Woodmark: Net sales were $1,036.8 million, including $355.7 million from American Woodmark, against $698.9 million a year earlier.
Net loss and loss per share: The company reported a net loss of $(9.2) million, a (0.9)% margin, and diluted loss per share of $(0.05) on 203.5 million weighted shares.
Adjusted EBITDA margin declined: Adjusted EBITDA was $86.0 million, an 8.3% margin, compared with $90.6 million and 13.0% a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,037	815	699	+27.2%	+48.3%
Cost of revenue	782	610	481	+28.2%	+62.7%
Gross profit	255	206	218	+24.0%	+16.8%
Gross margin	24.6%	25.2%	31.2%
Selling, general and administrative	224	217	168	+3.4%	+33.7%
Operating income	10.0	-27.8	41.7		-76.0%
Operating margin	1.0%	-3.4%	6.0%
Interest expense	24.4	20.8	18.2	+17.3%	+34.1%
Pre-tax income	-12.4	-48.5	23.4
Income tax	-3.2	9.1	5.3
Effective tax rate	n/a	n/a	22.6%
Net income	-9.2	-57.6	18.1
Net margin	-0.9%	-7.1%	2.6%
Diluted EPS	-$0.05	-$0.38	$0.14

$ million except per share.

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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	74.4	139	55.4	-46.4%	+34.3%
Capital expenditure	13.2	10.2	15.9	+29.4%	-17.0%
Free cash flow	61.2	129	39.5	-52.4%	+54.9%
Free cash flow margin	5.9%	15.8%	5.7%
Cash from investing	-13.2	-340	-15.8
Cash from financing	-162	303	-45.8
Depreciation and amortisation	55.2	48.2	23.4	+14.5%	+135.9%
Share-based compensation	8.0	12.7	4.4	-37.0%	+81.8%
Buybacks	0.0	0.0	0.0
Diluted shares, weighted	204m	154m	130m	+32.5%	+57.1%
Shares outstanding at period end	204m	203m	127m	+0.0%	+60.6%

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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	1,964	1,969	1,384	-0.3%	+41.9%
Debt	1,231	1,390	965	-11.5%	+27.5%
Operating lease liabilities	232	243	102	-4.7%	+126.4%
Other liabilities	903	877	551	+2.9%	+63.9%
Total liabilities and equity	4,329	4,480	3,002	-3.4%	+44.2%
Fixed assets	812	833	481	-2.5%	+68.7%
Goodwill	1,324	1,318	1,127	+0.4%	+17.5%
Intangible assets	879	889	553	-1.1%	+58.8%
Cash and equivalents	140	242	115	-42.2%	+21.7%
Receivables	233	247	218	-5.6%	+6.9%
Inventory	438	436	272	+0.6%	+60.9%
Other assets	504	516	235	-2.3%	+114.3%
Total assets	4,329	4,480	3,002	-3.4%	+44.2%

Questions

What was MasterBrand's revenue in Q3 FY2026?

MasterBrand (MBC) reported revenue of $1.0 billion for Q3 FY2026, the quarter ended 27 September 2026, up 48.3% on the same quarter a year earlier.

How much did MasterBrand earn in Q3 FY2026?

Net loss for Q3 FY2026 was $9 million, and the diluted loss per share $0.05.

When did MasterBrand report Q3 FY2026 results?

MasterBrand filed its 10-Q for the quarter ended 27 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 19 quarters

	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	777	856	858	784	677	695	677	677	638	676	718	668	660	731	699	645	618	815	1,037
Cost of revenue	566	606	594	569	472	459	440	454	433	446	480	464	458	491	481	477	461	610	782
Gross profit	211	250	265	215	205	236	238	223	205	231	238	203	202	240	218	168	157	206	255
Gross margin	27%	29%	31%	27%	30%	34%	35%	33%	32%	34%	33%	30%	31%	33%	31%	26%	25%	25%	25%
SG&A	145	166	176	161	135	142	140	152	138	147	166	152	154	159	168	187	156	217	224
Operating income	61.5	51.9	74.7	15.2	65.7	87.4	92.2	61.0	62.8	77.8	57.6	37.5	37.1	67.3	41.7	-27.1	-18.5	-27.8	10.0
Operating margin	8%	6%	9%	2%	10%	13%	14%	9%	10%	12%	8%	6%	6%	9%	6%	-4%	-3%	-3%	1%
Interest expense	0.0	0.0	0.0	2.2	17.4	17.2	15.3	15.3	14.1	20.6	20.0	19.3	19.4	18.9	18.2	17.6	18.4	20.8	24.4
Pre-tax income	61.7	54.0	78.3	19.4	47.9	69.7	77.9	43.2	49.0	60.1	39.4	19.8	17.3	49.0	23.4	-43.4	-36.1	-48.5	-12.4
Tax rate	24%	24%	33%	21%	27%	27%	23%	16%	23%	25%	26%	29%	23%	24%	23%	n/a	n/a	n/a	n/a
Net income	46.9	40.9	52.2	15.4	35.0	51.2	59.7	36.1	37.5	45.3	29.1	14.0	13.3	37.3	18.1	-42.0	-15.4	-57.6	-9.2
Net margin	6%	5%	6%	2%	5%	7%	9%	5%	6%	7%	4%	2%	2%	5%	3%	-7%	-2%	-7%	-1%
Diluted EPS	$0.37	$0.32	$0.41	$0.12	$0.27	$0.39	$0.46	$0.28	$0.29	$0.35	$0.22	$0.11	$0.10	$0.29	$0.14	-$0.33	-$0.12	-$0.38	-$0.05
Operating cash flow	-2.9	79.0	41.8	118	62.1	132	142	69.1	18.7	77.4	80.8	115	-31.4	84.8	55.4	86.9	-133	139	74.4
Capital expenditure	11.0	11.1	10.1	23.7	2.9	8.5	10.0	35.9	7.0	11.3	16.3	46.3	9.8	18.1	15.9	34.4	13.2	10.2	13.2
Free cash flow	-13.9	67.9	31.7	94.0	59.2	123	132	33.2	11.7	66.1	64.5	68.8	-41.2	66.7	39.5	52.5	-146	129	61.2
Buybacks	n/a	n/a	0.0	n/a	0.0	4.1	11.5	6.4	1.6	4.9	0.0	0.0	11.4	6.7	0.0	0.0	0.0	0.0	0.0
Shares outstanding	129m	128m	127m	128m	128m	128m	127m	127m	127m	127m	127m	128m	127m	127m	127m	127m	128m	203m	204m
Filing	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 27 September 2026, filed 6 November 2026: the filing.