What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Masco (MAS) spend its free cash flow?

For TTM through Q1 2026, Masco generated $1.1B of operating cash flow and $943M of free cash flow — a free cash flow margin of 85.6% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Masco (MAS) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Masco's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Masco (MAS) Cash Flow Waterfall

Operating CF

$1.1B

Capex

-$158M

Free Cash Flow

$943M

FCF Margin

+85.6%

Cash flow waterfall for Masco (MAS) — TTM through Q1 2026

Free cash flow: $943M

Cash flow breakdown for Masco (MAS) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.1B	$1.1B
Capital Expenditure	-$158M	$943M
Free Cash Flow	$943M	$943M
Other Investing	$11M	$954M
Share Buybacks	-$643M	$311M
Dividends Paid	-$260M	$51M
Other Financing & FX	-$40M	$11M
Net Cash Increase	$11M	$11M

Operating Cash Flow$1.1B
Capital Expenditure-$158M
Free Cash Flow$943M
Other Investing$11M
Share Buybacks-$643M
Dividends Paid-$260M
Other Financing & FX-$40M
Net Cash Increase$11M

Want to see what drove the FCF change?Free Cash Flow Bridge

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