DOOR · Masonite International Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $668.34M | - | $702.25M | $741.88M | $725.98M | $727.63M | $761.87M | $726.22M | $652.21M | $662.41M |
| Cost of Revenue | $502.87M | - | $536.55M | $563.52M | $555.49M | $560.44M | $582.39M | $541.97M | $498.10M | $498.07M |
| Gross Profit | $165.47M | - | $165.70M | $178.37M | $170.49M | $167.18M | $179.49M | $184.25M | $154.10M | $164.34M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $152.64M | - | $98.63M | $98.75M | $101.70M | $82.69M | $90.33M | $83.25M | $76.63M | $82.51M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $27.57M | - | $22.89M | $22.98M | $21.48M | $17.46M | $17.24M | $17.27M | $17.36M | $17.23M |
| Operating Income | $11.43M | - | $65.17M | $76.56M | $65.11M | $84.64M | $89.22M | $101.02M | $76.16M | $60.67M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $23.28M | - | $12.04M | $14.67M | $11.36M | $16.38M | $19.65M | $23.48M | $13.85M | $14.25M |
| Net Income | $61.05M | - | $41.49M | $48.24M | $38.49M | $57.04M | $58.52M | $67.58M | $37.69M | $35.05M |
| EPS - Basic | $2.79 | - | $1.89 | $2.19 | $1.74 | $2.56 | $2.60 | $2.93 | $1.57 | $1.43 |
| EPS - Diluted | $2.74 | - | $1.86 | $2.16 | $1.71 | $2.54 | $2.58 | $2.89 | $1.54 | $1.41 |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $230.44M | $137.41M | $360.48M | $317.16M | $210.72M | $250.71M | $231.54M | $183.53M | $393.73M | $328.60M |
| Accounts Receivable | $336.47M | $326.22M | $355.00M | $374.79M | $391.56M | $401.66M | $405.76M | $408.92M | $352.17M | $361.66M |
| Inventory | $383.87M | $391.20M | $364.18M | $378.70M | $418.58M | $437.20M | $431.27M | $405.62M | $309.83M | $281.18M |
| Accounts Payable | $151.39M | $113.21M | $140.31M | $137.90M | $123.77M | $135.46M | $145.63M | $134.11M | $117.75M | $115.44M |
| Current Assets | $1.05B | $953.40M | $1.18B | $1.17B | $1.10B | $1.16B | $1.14B | $1.06B | $1.11B | $1.03B |
| Total Assets | $2.79B | $2.69B | $2.69B | $2.68B | $2.58B | $2.22B | $2.22B | $2.16B | $2.27B | $2.16B |
| Current Liabilities | $425.67M | $394.58M | $398.46M | $409.75M | $325.74M | $374.87M | $399.14M | $372.18M | $352.59M | $343.98M |
| Long-term Debt | $1.05B | $1.09B | $1.06B | $1.07B | - | - | - | - | - | - |
| Total Liabilities | $1.87B | $1.83B | $1.83B | $1.85B | $1.80B | $1.52B | $1.56B | $1.53B | $1.53B | $1.41B |
| Stockholders' Equity | $910.39M | $848.25M | $845.76M | $819.04M | $769.67M | $685.50M | $651.45M | $615.01M | $729.24M | $739.33M |
| Retained Earnings | $272.94M | $211.88M | $227.30M | $193.26M | $155.63M | $103.31M | $46.27M | ($2.02M) | $73.91M | $68.84M |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $133.32M | - | - | - | $56.35M | - | - | ($37.85M) | - | - |
| Investing Cash Flow | ($26.61M) | - | - | - | ($372.95M) | - | - | ($13.29M) | - | - |
| Financing Cash Flow | ($13.05M) | - | - | - | $229.14M | - | - | ($144.35M) | - | - |
| CapEx | $25.76M | - | - | - | $27.83M | - | - | $19.09M | - | - |
| Free Cash Flow | $107.56M | - | - | - | $28.52M | - | - | ($56.94M) | - | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.8% | - | 23.6% | 24.0% | 23.5% | 23.0% | 23.6% | 25.4% | 23.6% | 24.8% |
| Operating margin | 1.7% | - | 9.3% | 10.3% | 9.0% | 11.6% | 11.7% | 13.9% | 11.7% | 9.2% |
| EBITDA margin | 5.8% | - | 12.5% | 13.4% | 11.9% | 14.0% | 14.0% | 16.3% | 14.3% | 11.8% |
| Net margin | 9.1% | - | 5.9% | 6.5% | 5.3% | 7.8% | 7.7% | 9.3% | 5.8% | 5.3% |
| Free cash flow margin | 16.1% | - | - | - | 3.9% | - | - | -7.8% | - | - |
| FCF / Net income | 1.76 | - | - | - | 0.74 | - | - | -0.84 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.8% | - | 14.0% | 13.3% | 14.0% | 11.4% | 11.9% | 11.5% | 11.7% | 12.5% |
| Effective tax rate | 27.6% | - | 22.5% | 23.3% | 22.8% | 22.3% | 25.1% | 25.8% | 26.9% | 28.9% |
| Return on assets | 2.2% | - | 1.5% | 1.8% | 1.5% | 2.6% | 2.6% | 3.1% | 1.7% | 1.6% |
| Return on equity | 6.7% | - | 4.9% | 5.9% | 5.0% | 8.3% | 9.0% | 11.0% | 5.2% | 4.7% |
| Return on invested capital | 0.4% | - | 2.7% | 3.1% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.47 | 2.42 | 2.97 | 2.86 | 3.39 | 3.08 | 2.85 | 2.85 | 3.15 | 2.99 |
| Quick ratio | 1.57 | 1.42 | 2.05 | 1.93 | 2.10 | 1.92 | 1.77 | 1.76 | 2.27 | 2.17 |
| Cash ratio | 0.54 | 0.35 | 0.90 | 0.77 | 0.65 | 0.67 | 0.58 | 0.49 | 1.12 | 0.96 |
| Leverage | ||||||||||
| Debt / Equity | 1.15 | 1.28 | 1.25 | 1.30 | - | - | - | - | - | - |
| Debt / Assets | 0.38 | 0.40 | 0.39 | 0.40 | - | - | - | - | - | - |
| Debt / EBITDA | 26.91 | - | 12.02 | 10.72 | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.06 | 3.17 | 3.18 | 3.28 | 3.35 | 3.24 | 3.41 | 3.51 | 3.11 | 2.92 |
| Liabilities / Assets | 0.67 | 0.68 | 0.68 | 0.69 | 0.70 | 0.69 | 0.70 | 0.71 | 0.67 | 0.65 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.26 | 0.28 | 0.28 | 0.33 | 0.34 | 0.34 | 0.29 | 0.31 |
| Inventory turnover | 1.31 | - | 1.47 | 1.49 | 1.33 | 1.28 | 1.35 | 1.34 | 1.61 | 1.77 |
| Days sales outstanding | 184d | - | 185d | 184d | 197d | 201d | 194d | 206d | 197d | 199d |
| Days inventory outstanding | 279d | - | 248d | 245d | 275d | 285d | 270d | 273d | 227d | 206d |
| Days payable outstanding | 110d | - | 95d | 89d | 81d | 88d | 91d | 90d | 86d | 85d |
| Cash conversion cycle | 352d | - | 337d | 340d | 391d | 398d | 373d | 388d | 338d | 321d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.9% | - | -3.5% | -2.6% | -0.0% | 11.6% | 15.0% | 12.4% | 11.0% | 32.6% |
| Revenue CAGR (3y) | 1.1% | - | 6.1% | 14.1% | 9.6% | 9.6% | 10.6% | 11.0% | 5.4% | - |
| Revenue CAGR (5y) | 4.7% | - | 4.7% | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -2.9% | - | -0.9% | -0.6% | -7.5% | 8.5% | 9.2% | 16.1% | -3.9% | 20.5% |
| Operating income growth (YoY) | -82.4% | - | -23.0% | -14.2% | -35.6% | 11.1% | 47.0% | 37.7% | - | 1.6% |
| Net income growth (YoY) | 58.6% | - | -27.3% | -17.6% | -43.0% | 51.3% | 67.0% | 43.8% | - | 3.1% |
| EPS growth (YoY) | 60.2% | - | -26.8% | -16.3% | -40.8% | 64.9% | 83.0% | 52.9% | - | 2.2% |
| EPS CAGR (3y) | 13.2% | - | - | 16.1% | 12.8% | 62.7% | 39.0% | 168.1% | 20.1% | 4.4% |
| EPS CAGR (5y) | 78.8% | - | 15.9% | 11.7% | 18.6% | 20.5% | 23.7% | 30.3% | 8.4% | 5.9% |
| FCF growth (YoY) | 277.1% | - | - | - | - | - | - | -101.5% | - | - |
| FCF CAGR (5y) | - | - | - | - | 39.5% | - | - | - | - | - |
| Book value growth (YoY) | 18.3% | - | 23.4% | 25.7% | 25.1% | -6.0% | -11.9% | -15.3% | 14.9% | 16.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$2.85B totalNorth American Residential Segment$2.25B · 78.9%
Architectural Segment$337.40M · 11.9%
Europe Segment$247.54M · 8.7%
Corporate And Other$15.41M · 0.5%
Product / service
$2.83B totalInterior Products$1.65B · 58.2%
Exterior Products$839.72M · 29.7%
Components$343.53M · 12.1%
Geographic
$2.83B totalUS$2.25B · 79.4%
CA$289.88M · 10.2%
GB$229.34M · 8.1%
Other Countries$64.42M · 2.3%
Peer comparison
Same SIC group: Millwood, Veneer, Plywood, & Structural Wood Members
Comparing MASONITE INTERNATIONAL CORP against the 3 most active filers in the same SIC group.