Filing Flows › Consumer Discretionary › MasterBrand (MBC)
MasterBrand (MBC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · MasterBrand (MBC) Q3 2026 earnings results →
Q3 2026 Revenue up 48% year over year to $1.0B · 1¢ of every $1 of revenue lost · operating margin 1.0%
MasterBrand made $1.0B in Q3 2026 (+48% Y/Y): Dealers $432M, Retailers $370M, Builders $235M. Operating margin 1.0%, net loss $9.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.0B in Q3 2026, up 48% year over year and up 27% from the previous quarter. Dealers was the largest line at 42% of revenue. Retailers added $0.16B year over year (up 75%), 47% of the total change.
Gross margin was 24.6%, down 6.6 points from Q3 2025. Operating profit was $0.01B, a 1.0% margin (down 5.0 points year over year). Operating profit fell $0.03B even though revenue rose $0.34B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 39% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+132%). The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $0.06B loss. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was $0.07B (up 34% year over year). Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.01B left free cash flow of $0.06B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $1.0B | +48% | 1.0% | −$9.2M | $74.4M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $815M | +12% | -3.4% | −$57.6M | $139M |
| Q1 2026 | 10-Q | May 6, 2026 | $618M | -6% | -3.0% | −$15.4M | −$133M |
| Q4 2025 | 10-K | Feb 13, 2026 | $645M | -4% | -4.2% | −$42.0M | $86.9M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $699M | -3% | 6.0% | $18.1M | $55.4M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $731M | +8% | 9.2% | $37.3M | $84.8M |
| Q1 2025 | 10-Q | May 7, 2025 | $660M | +4% | 5.6% | $13.3M | −$31.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- LOW — 20% of its revenue · Stated in 10-K (sentence) · source
- HD — 13% of its revenue · Stated in 10-K (sentence) · source
About MasterBrand
MasterBrand, Inc. (“we,” “us,” “our,” “MasterBrand” or the “Company”), was founded over 70 years ago in 1954 under the name United Cabinet Incorp orated. We are the largest manufacturer of residential cabinets in North America, based on 2024 reported net sales. O ur products are sold throughout the United States and Canada to the remodeling and new construction markets through three primary channels: dealers, retailers and builders. On December 14, 2022, our former parent company, Fortune Brands Innovations, Inc. (formerly known as Fortune Brands Home & Security, Inc.) (“Fortune Brands”), completed a tax free spin-off transaction to separate its Cabinets segment into a standalone publicly-traded company (the “Separation”). The Separation was completed through a series of transactions ending with a pro rata distribution of all of the shares of MasterBrand, Inc.
In its own words, from its 10-K, filed Feb 13, 2026.
MasterBrand against its Wood Household Furniture, (No Upholstered) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +48% against the peers' median +3%. Operating margin: 1.0% against the peers' median 3.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MBC MasterBrand | Q3 2026 | $1.0B | +48% | 1.0% |
| ETD Ethan Allen Interiors | Q4 FY26 | $147M | -8% | 9.8% |
| BSET Bassett Furniture Industries | Q3 FY26 | $82.8M | +3% | 3.4% |
Source: MasterBrand 10-Q on SEC EDGAR · CIK 1941365 · Wood Household Furniture, (No Upholstered)
Guidance and outlook
13F: who owns MBC and who is buying
More on MBC
- How MasterBrand makes money: revenue by segment
- MasterBrand next earnings date and what analysts expect
- MasterBrand stock forecast, price target and fair value
- Who owns MasterBrand stock: holders, funds and Congress trades
- MasterBrand guidance and outlook
- Is MasterBrand a takeover target? LBO and rumors
- MasterBrand recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- MasterBrand guidance history: guided vs reported
- MasterBrand gross margin by quarter
- MasterBrand operating margin by quarter
- MasterBrand net income by quarter
- MasterBrand free cash flow by quarter
- MasterBrand capital expenditures by quarter
- MasterBrand Dealers revenue by quarter
- MasterBrand Retailers revenue by quarter
- MasterBrand Builders revenue by quarter