Here are the 10-K annual reports from Masco Corporation (MAS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MAS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAS filings page.
Masco Corporation reported 2025 net sales of $7.56 billion, down 3% from 2024, as weaker volumes across the company more than offset price increases, especially in plumbing products. Excluding divestitures and currency, sales declined 2%.
Operating profit fell to $1.25 billion from $1.36 billion, with gross margin slipping to 35.4% from 36.2% due to higher commodity and tariff costs, lower volume and the prior sale of the Kichler lighting business. Net income was $810 million, slightly below 2024, while diluted EPS rose to $3.86, helped by share repurchases.
Plumbing segment sales increased 3% to $4.99 billion, driven by higher pricing, but profit was pressured by input costs and mix. Decorative Architectural Products sales declined 14% to $2.57 billion, reflecting lower coatings demand and the Kichler divestiture.
Masco generated $1.02 billion in operating cash flow, spent $156 million on capex, repurchased 8.5 million shares for $576 million, and paid $261 million in dividends. The quarterly dividend was increased to $0.32 per share, and a new $2.0 billion repurchase authorization was approved. The company began restructuring actions in late 2025, incurring about $18 million of charges with roughly $50 million more expected in 2026, and plans to integrate Liberty Hardware into the Plumbing Products segment.