Masco Corporation (MAS) delivered solid Q1 2026 results with revenue up 6.5% YoY to $1.92B, net income surging 14.5% to $213M, and EPS jumping 20.7% to $1.05, though operating cash flow remained negative at -$79M amid aggressive share buybacks of $202M.
Key risk: Negative Stockholders' Equity and High Leverage
Masco carries negative stockholders' equity of -$242M and long-term debt of $2.95B, resulting in a deeply negative debt-to-equity ratio of -21.5x. This balance sheet structure limits financial flexibility and increases vulnerability to rising interest rates or an economic downturn. The company's total liabilities of $5.21B exceed total assets of $5.23B by a thin margin.
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