| Stage | MAS | % of rev | FGI | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.0B | 100.00% | $32M | 100.00% | MAS ×61.66 |
| Gross profit | $720M | 36.62% | $11M | 33.44% | MAS +3.2pp |
| Operating income | $338M | 17.19% | $1M | 4.39% | MAS +12.8pp |
| Pre-tax income | $322M | 16.38% | $1M | 3.98% | MAS +12.4pp |
| Net income | $240M | 12.21% | $1M | 3.53% | MAS +8.7pp |
| Stage | MAS | FGI | Gap · A − B |
|---|---|---|---|
| Revenue | $2.0B100.00% | $32M100.00% | MAS ×61.66 |
| Gross profit | 36.62%$720M | 33.44%$11M | MAS +3.2pp |
| Operating income | 17.19%$338M | 4.39%$1M | MAS +12.8pp |
| Pre-tax income | 16.38%$322M | 3.98%$1M | MAS +12.4pp |
| Net income |
| 12.21%$240M |
| 3.53%$1M |
| MAS +8.7pp |
MAS 10-KFeb 11 '25
“In 2024, our net sales to The Home Depot were $3.0 billion (approximately 38 percent of our consolidated net sales), and our net sales to Ferguson and Lowe's were each less than 10 percent of our consolidated net sales.”
FGI 10-KApr 10 '26
“Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe's.”
MAS 10-KFeb 11 '25
“In 2024, our net sales to The Home Depot were $3.0 billion (approximately 38 percent of our consolidated net sales), and our net sales to Ferguson and Lowe's were each less than 10 percent of our consolidated net sales.”
FGI 10-KApr 10 '26
“Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe's.”