Filing Flows › MasterBrand (MBC) › Q2 2025
MasterBrand (MBC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
MasterBrand (MBC) reported revenue of $731M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +11% from the quarter before. Operating margin was 9.2%, net earnings $37.3M (5.1% of revenue).
MasterBrand, Q2 2025: revenue $731M (+8% year over year), operating margin 9.2%, net earnings $37.3M, operating cash flow $84.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $731M | +11% | +8% |
| Gross profit | $240M | +19% | +4% |
| Operating profit | $67.3M | +81% | -13% |
| Net earnings | $37.3M | +180% | -18% |
| Operating cash flow | $84.8M | — | +10% |
| Free cash flow | $66.7M | — | +0.9% |
What changed
Revenue was $730.9M in Q2 2025, up 8% year over year and up 11% from the previous quarter. Dealer was the largest line at 56% of revenue. Dealer added $57.3M year over year (up 16%), 105% of the total change. Retail declined 4%.
Gross margin was 32.8%, down 1.4 points from a year earlier. Operating profit was $67.3M, a 9.2% margin (down 2.3 points year over year). Operating profit fell $10.5M even though revenue rose $54.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 13% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+100%). Net earnings were $37.3M, down 18% year over year. The effective tax rate was 23.9%.
Operating cash flow was $84.8M (up 10% year over year), 227% of net earnings. Non-cash charges added back $24.2M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items added $17.6M. Capital expenditures of $18.1M left free cash flow of $66.7M.
Questions
What was MasterBrand's revenue in the second quarter 2025?
MasterBrand (MBC) reported revenue of $731M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +11% from the quarter before.
Was MasterBrand profitable in the second quarter 2025?
Operating profit was $67.3M (9.2% of revenue) and net earnings $37.3M.
Source: MasterBrand 10-Q on SEC EDGAR.