Housing and Building Products
Housing and Building Products Products
Four product companies, four SKUs
Builders FirstSource $15.2B is lumber and components to builders. Masco $7.6B is faucets and paint. Allegion $4.1B is locks. A. O. Smith $3.8B is water heaters.
Builders FirstSource by product
2025: manufactured $3.41B, windows/doors/millwork $3.84B, specialty $4.07B, lumber $3.88B. Value-added (first two) was 47.7% of sales.
ManufacturedWindows, doors, millworkSpecialtyLumber
Masco: plumbing versus paint
Plumbing $4.99B, up 3%. Decorative Architectural $2.57B, down 14%, after the 2024 Kichler sale. One home-center customer was $2.86B of 2025 sales.
Plumbing ProductsDecorative Architectural
Masco's Home Depot concentration
Home Depot was $2.859B, 38% of 2025 sales. Ferguson and Lowe's were each less than 10%. Home Depot and Lowe's stay on Retail.
| Customer | Share of 2025 sales | Note |
|---|---|---|
| The Home Depot | 38% ($2.859B) | Behr exclusivity in the North America retail channel. |
| Ferguson | <10% | Named as less than 10% of consolidated net sales. |
| Lowe's | <10% | Named as less than 10% of consolidated net sales. |
Allegion is Americas
Americas $3.22B of $4.07B. International $0.85B. US destination revenue was $3.05B. This is Schlage, Von Duprin, and LCN, not lumber.
AmericasInternational
Sherwin-Williams by group
Paint Stores $13.61B. Performance Coatings $6.80B. Consumer Brands $3.17B. Consolidated $23.57B. Adjacent finishes name, not on the locked roster.
Paint StoresConsumer BrandsPerformance Coatings
Paint Stores same-store sales
Stores open more than twelve months. Full-year 2025 same-store sales rose 1.7%. Q2 2026 rose 4.2%. Only periods Sherwin printed.
Fortune Brands: Moen, doors, locks
Water $2.45B, down 4.6%. Outdoors $1.32B. Security $0.69B. Total $4.46B. This is a manufacturer next to Masco, not a distributor.
Water (Moen)OutdoorsSecurity