Filing Flows › MasterBrand (MBC) › Q3 2025
MasterBrand (MBC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
MasterBrand (MBC) reported revenue of $699M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -4% from the quarter before. Operating margin was 6.0%, net earnings $18.1M (2.6% of revenue).
MasterBrand, Q3 2025: revenue $699M (-3% year over year), operating margin 6.0%, net earnings $18.1M, operating cash flow $55.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $699M | -4% | -3% |
| Gross profit | $218M | -9% | -8% |
| Operating profit | $41.7M | -38% | -28% |
| Net earnings | $18.1M | -51% | -38% |
| Operating cash flow | $55.4M | -35% | -31% |
| Free cash flow | $39.5M | -41% | -39% |
What changed
Revenue was $698.9M in Q3 2025, down 3% year over year and down 4% from the previous quarter. Dealers was the largest line at 56% of revenue. Retailers lost $19.2M year over year (down 8%), 100% of the total change.
Gross margin was 31.2%, down 1.9 points from a year earlier. Operating profit was $41.7M, a 6.0% margin (down 2.1 points year over year). Operating expenses fell 2% while revenue fell 3%. Net earnings were $18.1M, down 38% year over year. The effective tax rate was 22.6%.
Operating cash flow was $55.4M (down 31% year over year), 306% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $9.5M. Capital expenditures of $15.9M left free cash flow of $39.5M.
Questions
What was MasterBrand's revenue in the third quarter 2025?
MasterBrand (MBC) reported revenue of $699M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -4% from the quarter before.
Was MasterBrand profitable in the third quarter 2025?
Operating profit was $41.7M (6.0% of revenue) and net earnings $18.1M.
Source: MasterBrand 10-Q on SEC EDGAR.