MasterBrand, Inc. (MBC) Balance Sheet
MBC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.10B assets = $1.76B liabilities + $1.34B equity
Both columns are drawn to the same scale: what MBC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MBC financial health
Descriptive bands, not a rating. Fiscal 2025.
MBC balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.71B2020 | $3.10B2025 | +2.7%/yr | |
| Total liabilities | $498.2M2020 | $1.76B2025 | +28.7%/yr | |
| Shareholders’ equity | $2.21B2020 | $1.34B2025 | −9.5%/yr | |
| Cash & short-term investments | $154.3M2020 | $183.3M2025 | +3.5%/yr | |
| Total debt | $40.6M2020 | $1.35B2025 | +101.5%/yr | |
| Net cash (debt) | $113.7M2020 | −$1.17B2025 | −$1.3B | |
| Working capital | $378.5M2020 | $280.2M2025 | −$98.3M | |
| Book value per share | $17.302020 | $10.412025 | −9.7%/yr | |
| Current ratio | 2.212020 | 1.672025 | −0.54 | |
| Debt / equity | 0.022020 | 1.002025 | +0.99 | |
| Shares outstanding | 128.0M2020 | 129.2M2025 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MBC assets
MBC liabilities and equity
MBC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MBC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $183.3M | $120.6M | $148.7M | $101.1M | $141.4M | $154.3M |
| Cash & equivalents | $183.3M | $120.6M | $148.7M | $101.1M | $141.4M | $154.3M |
| Receivables | $150.4M | $191.0M | $203.0M | $289.6M | $305.3M | $233.8M |
| Inventory | $269.1M | $276.4M | $249.8M | $373.1M | $304.3M | $245.9M |
| Other current assets | $93.1M | $62.7M | $75.7M | $66.2M | $59.0M | $56.6M |
| Total current assets | $695.9M | $650.7M | $677.2M | $830.0M | $810.0M | $690.6M |
| Property, plant & equipment (net) | $692.2M | $547.9M | $416.7M | $404.9M | $399.9M | $368.5M |
| Goodwill & intangible assets | $1.68B | $1.70B | $1.26B | $1.27B | $1.34B | $1.36B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $37.1M | $34.1M | $27.2M | $20.5M | $453.1M | $294.1M |
| Total assets | $3.10B | $2.93B | $2.38B | $2.53B | $3.00B | $2.71B |
| Liabilities | ||||||
| Accounts payable | $203.7M | $180.7M | $151.4M | $219.2M | $203.9M | $156.6M |
| Short-term debt | $24.3M | $19.5M | $33.7M | $31.4M | $13.2M | $12.3M |
| Deferred revenue | — | — | $18.5M | $87.3M | — | — |
| Total current liabilities | $415.7M | $395.4M | $349.4M | $411.1M | $364.1M | $312.1M |
| Long-term debt | $974.5M | $1.01B | $690.2M | $961.5M | $0 | $0 |
| Lease obligations | $199.5M | $74.5M | $62.4M | $54.6M | $63.2M | $40.6M |
| Other long-term liabilities | $365.6M | $231.9M | $148.3M | $147.6M | $187.0M | $186.1M |
| Total liabilities | $1.76B | $1.64B | $1.19B | $1.52B | $551.1M | $498.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | — | — |
| Retained earnings (deficit) | $1.36B | $1.33B | $1.20B | $1.02B | $2.19B | $2.00B |
| Accumulated other comprehensive income | $800,000 | −$32.7M | −$3.7M | −$14.5M | −$3.9M | −$7.7M |
| Total shareholders' equity | $1.34B | $1.29B | $1.19B | $1.01B | $2.45B | $2.21B |
| Key figures | ||||||
| Total debt | $1.35B | $1.08B | $770.2M | $1.03B | $113.2M | $40.6M |
| Net cash (debt) | −$1.17B | −$961.7M | −$621.5M | −$932.5M | $28.2M | $113.7M |
| Working capital | $280.2M | $255.3M | $327.8M | $418.9M | $445.9M | $378.5M |
| Tangible book value | −$330.6M | −$402.4M | −$66.8M | −$264.8M | $1.11B | $855.0M |
| Book value per share | $10.41 | $9.89 | $9.19 | $7.82 | $19.17 | $17.30 |
| Shares outstanding | 129.2M | 130.9M | 129.9M | 129.1M | 128.0M | 128.0M |
| Current ratio | 1.67 | 1.65 | 1.94 | 2.02 | 2.22 | 2.21 |
| Quick ratio | 0.80 | 0.79 | 1.01 | 0.95 | 1.23 | 1.24 |
| Debt / equity | 1.00 | 0.84 | 0.65 | 1.02 | 0.05 | 0.02 |
| Equity / assets | 43.4% | 44.2% | 50.1% | 39.9% | 81.7% | 81.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $241.6M | $138.4M | $183.3M | $114.8M | $120.1M | $113.5M | $120.6M | $108.4M | $189.4M | $153.7M | $148.7M | $122.5M |
| Cash & equivalents | $241.6M | $138.4M | $183.3M | $114.8M | $120.1M | $113.5M | $120.6M | $108.4M | $189.4M | $153.7M | $148.7M | $122.5M |
| Receivables | $247.2M | $217.7M | $150.4M | $218.4M | $218.8M | $221.1M | $191.0M | $216.1M | $213.5M | $224.4M | $203.0M | $233.6M |
| Inventory | $435.6M | $271.7M | $269.1M | $272.4M | $277.0M | $288.7M | $276.4M | $299.4M | $270.0M | $247.9M | $249.8M | $269.4M |
| Other current assets | $137.3M | $107.1M | $93.1M | $84.4M | $73.8M | $65.8M | $62.7M | $63.0M | $72.4M | $76.5M | $75.7M | $58.5M |
| Total current assets | $1.06B | $734.9M | $695.9M | $690.0M | $689.7M | $689.1M | $650.7M | $686.9M | $745.3M | $702.5M | $677.2M | $684.0M |
| Property, plant & equipment (net) | $1.12B | $676.7M | $692.2M | $594.4M | $546.1M | $539.2M | $547.9M | $528.0M | $400.2M | $413.2M | $416.7M | $403.1M |
| Goodwill & intangible assets | $2.21B | $1.67B | $1.68B | $1.68B | $1.69B | $1.69B | $1.70B | $1.71B | $1.25B | $1.26B | $1.26B | $1.26B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $95.6M | $37.2M | $37.1M | $37.3M | $33.5M | $36.1M | $34.1M | $38.0M | $30.8M | $29.2M | $27.2M | $28.1M |
| Total assets | $4.48B | $3.12B | $3.10B | $3.00B | $2.96B | $2.96B | $2.93B | $2.96B | $2.43B | $2.40B | $2.38B | $2.38B |
| Liabilities | ||||||||||||
| Accounts payable | $249.5M | $175.1M | $203.7M | $182.5M | $176.7M | $182.4M | $180.7M | $175.3M | $173.6M | $163.6M | $151.4M | $179.7M |
| Short-term debt | $75.1M | $24.3M | $24.3M | $19.7M | $19.3M | $19.2M | $19.5M | $16.8M | $15.7M | $43.2M | $33.7M | $23.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | $15.3M | $22.0M | $18.5M | — |
| Total current liabilities | $603.7M | $353.9M | $415.7M | $369.9M | $368.6M | $362.5M | $395.4M | $378.4M | $332.2M | $340.4M | $349.4M | $367.9M |
| Long-term debt | $1.37B | $1.08B | $974.5M | $954.1M | $998.7M | $1.06B | $1.01B | $1.06B | $688.9M | $681.1M | $690.2M | $699.3M |
| Lease obligations | $299.5M | $195.4M | $199.5M | $122.1M | $76.2M | $71.4M | $74.5M | $73.5M | $59.5M | $62.1M | $62.4M | $63.8M |
| Other long-term liabilities | $535.7M | $357.4M | $365.6M | $294.4M | $229.1M | $228.4M | $231.9M | $231.9M | $146.9M | $149.6M | $148.3M | $154.6M |
| Total liabilities | $2.51B | $1.80B | $1.76B | $1.62B | $1.60B | $1.65B | $1.64B | $1.67B | $1.17B | $1.17B | $1.19B | $1.22B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.0M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Retained earnings (deficit) | $1.28B | $1.34B | $1.36B | $1.40B | $1.38B | $1.34B | $1.33B | $1.32B | $1.29B | $1.24B | $1.20B | $1.17B |
| Accumulated other comprehensive income | −$3.5M | −$5.5M | $800,000 | −$4.9M | −$5.1M | −$23.2M | −$32.7M | −$26.8M | −$20.7M | −$3.5M | −$3.7M | −$7.4M |
| Total shareholders' equity | $1.97B | $1.32B | $1.34B | $1.38B | $1.36B | $1.31B | $1.29B | $1.29B | $1.26B | $1.23B | $1.19B | $1.16B |
| Key figures | ||||||||||||
| Total debt | $1.69B | $1.28B | $1.35B | $1.08B | $1.07B | $1.13B | $1.08B | $1.14B | $748.4M | $770.1M | $770.2M | $771.3M |
| Net cash (debt) | −$1.45B | −$1.14B | −$1.17B | −$961.4M | −$954.8M | −$1.02B | −$961.7M | −$1.03B | −$559.0M | −$616.4M | −$621.5M | −$648.8M |
| Working capital | $458.0M | $381.0M | $280.2M | $320.1M | $321.1M | $326.6M | $255.3M | $308.5M | $413.1M | $362.1M | $327.8M | $316.1M |
| Tangible book value | −$238.4M | −$347.4M | −$330.6M | −$296.7M | −$327.1M | −$384.7M | −$402.4M | −$419.7M | $8.3M | −$26.2M | −$66.8M | −$106.6M |
| Book value per share | $12.82 | $10.36 | $10.60 | $10.68 | $10.54 | $10.00 | $9.87 | $9.84 | $9.63 | $9.42 | $9.19 | $8.88 |
| Shares outstanding | 153.6M | 127.5M | 126.8M | 129.5M | 129.1M | 130.7M | 131.2M | 130.8M | 130.7M | 130.5M | 129.9M | 130.3M |
| Current ratio | 1.76 | 2.08 | 1.67 | 1.87 | 1.87 | 1.90 | 1.65 | 1.82 | 2.24 | 2.06 | 1.94 | 1.86 |
| Quick ratio | 0.81 | 1.01 | 0.80 | 0.90 | 0.92 | 0.92 | 0.79 | 0.86 | 1.21 | 1.11 | 1.01 | 0.97 |
| Debt / equity | 0.86 | 0.97 | 1.00 | 0.78 | 0.79 | 0.86 | 0.84 | 0.88 | 0.59 | 0.63 | 0.65 | 0.67 |
| Equity / assets | 43.9% | 42.4% | 43.4% | 46.1% | 46.0% | 44.2% | 44.2% | 43.5% | 51.9% | 51.2% | 50.1% | 48.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 13, 2026); data from EODHD.
MBC financial position
At the end of fiscal 2025 (December 31, 2025), MasterBrand had total assets of $3.1 billion (up 5.8% from a year earlier), total liabilities of $1.8 billion and shareholders' equity of $1.3 billion. It held $183.3 million in cash and short-term investments against $1.3 billion of debt, net debt of $1.2 billion. Its current ratio was 1.67. In the latest quarter (ended June 30, 2026) total assets were $4.5 billion and equity $2.0 billion.
Related: MBC income statement, MBC cash flow statement, MBC key metrics. See the MBC stock overview for the latest quote and news.
MBC balance sheet FAQ
What are MasterBrand's total assets?
MasterBrand reported total assets of $3.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.9 billion a year earlier.
How much debt does MasterBrand have?
MasterBrand had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.00.
How much cash does MasterBrand have?
MasterBrand held $183.3 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $1.2 billion.
What is MasterBrand's book value?
MasterBrand's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $10.41 per share.
What is MasterBrand's current ratio?
MasterBrand had current assets of $695.9 million and current liabilities of $415.7 million, a current ratio of 1.67 (it can cover its short-term obligations).
How much goodwill does MasterBrand have?
MasterBrand carried $1.7 billion of goodwill and intangible assets, 54.0% of total assets, at the end of fiscal 2025.