MAS US S&P 500Russell 1000 Earnings call
Masco (MAS) · Q2 2026 results and valuation
Share price: $84.91 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 29 Jul 2026 and 22 Apr 2026
Net income up 49.3% on the previous quarter, guidance raised. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+49.3%
Net income vs Q1 2026
Guidance raised
Net income 318.0M vs 213.0M
Revenue +3.9%
Against the same quarter last year (Q2 2025) it is +17.8% — part of the move on last quarter is seasonal.
2 · How management spoke
Typical
More upbeat than 55% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Key theme
The company reported that the North American plumbing business has been strong and remains a primary focus for driving the category.
Valuation
Is Masco undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At −4.5% growth a year (3-year revenue growth), the model's fair value is $21.99 a share — the stock trades 286% above it. Today's price assumes 9.6% growth a year.
Current price
$84.91
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+9.6% for 10 yrs
Fair value / share
$21.99
Buy below
$16.50
Price vs fair value
Overvalued >200%
Price vs buy-below price
Overvalued >200%
Read between the lines
-
Guidance ↑
The company increased its expectation for cash available for share buybacks or M&A to $1 billion for the year.
Source quote
“And as you heard earlier, we've increased our expectations of cash available for share buybacks or M&A to $1 billion for the year.”
-
Guidance
The company plans to remain aggressive in driving the top line to return to expected growth.
Source quote
“And we're going to continue to stay aggressive, obviously, in driving our top line try to get back to the growth that we expect to see.”
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Figure
Operating profit margin reached 24.2% and earnings per share grew 26% to $1.64 per share during the quarter.
Source quote
“Operating profit margin was 24.2% and earnings per share grew 26% during the quarter to $1.64 per share.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“We continue to gain share through our e-commerce leadership, innovative products and exceptional customer service.”
“As I outlined at our Investor Day in May, we are committed to driving above-market growth through our consumer-driven strategy by leveraging our industry-leading brands, expanding our commercial capabilities and...”
“As we invest alongside our partner, the Home Depot, we are confident in our ability to drive further share gains and capitalize on the significant growth opportunities ahead.”
Full figures
USD · ROIC.AI fundamentals (NYSE:MAS, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.99B | 1.92B | +3.9% | 2.05B | −2.9% |
| Gross profit | 868.0M | 686.0M | +26.5% | 772.0M | +12.4% |
| Operating income | 471.0M | 316.0M | +49.1% | 412.0M | +14.3% |
| Net income | 318.0M | 213.0M | +49.3% | 270.0M | +17.8% |
| EPS | 1.60 | 1.05 | +52.2% | 1.28 | +24.8% |
| P/E today 16.9 | — | 14.9 | — | 17.1 | — |
Topics
Most discussed now
- You see that as a continued theme in terms of investing in Masco's brands, its products or services and so...
- 3 key focus areas: one, really industry-leading brands, second expanded commercial capabilities and finally, enhancing Masco's operational…
- Masco feels overall good about its momentum on Behr, particularly on the PRO paint side of things and very much...
- As I articulated earlier, Masco's expectations for the ending working capital balance is at about 16.5% of sales, which is...
- Make sure Masco has a very strong balance sheet and returning cash to shareholders through dividends and share buybacks.
Faded since Q1 2026
- Dropped Able to help us bring the most modern
- Fading Masco's sales for the quarter were flat.
- Fading Masco saw elevated copper and zinc cost really as it entered into 2026.
- Fading Masco continues to hire both inside and outside sales reps to develop those pro relationships.
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Articles or bylaws amended; Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K
- Material agreement; Agreement terminated; New financial obligation · SEC 8-K
- Director or officer change · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K