A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Fortune Brands Innovations, Inc.
FBIN
$6.2B
Mkt Cap
$51.27
+2.95%
Fortune Brands Innovations, Inc. (FBIN) has a current P/E ratio of 20.8, compared to its historical median P/E of 18.8. The stock is currently considered Fair based on its historical valuation range.
Fortune Brands Innovations, Inc. (FBIN) has a 5-year average return on invested capital (ROIC) of 10.6%. This indicates solid capital allocation.
Fortune Brands Innovations, Inc. (FBIN) has a market capitalization of $9.7B. It is classified as a mid-cap stock.
Yes, Fortune Brands Innovations, Inc. (FBIN) pays a dividend with a trailing twelve-month yield of 1.97%. The company also returns capital through share buybacks, with a buyback yield of 2.56%.
Based on historical P/E analysis, Fortune Brands Innovations, Inc. (FBIN) appears fair. The current P/E of 20.8 is 10% above its historical median of 18.8. The estimated fair value CAGR (P/E method) is 5.3%.
Fortune Brands Innovations, Inc. (FBIN) operates in the Millwood, Veneer, Plywood, & Structural Wood Members industry, within the Materials sector.
Fortune Brands Innovations is an industry-leading home, security, and digital products company that elevates spaces into havens through a diversified portfolio spanning water, outdoors, and security segments. The company operates through multiple distribution channels including kitchen and bath dealers, wholesalers serving builders and professional remodelers, industrial and locksmith distributors, do-it-yourself home centers, showrooms, and direct-to-consumer platforms, generating revenue from both repair-and-remodel and new construction end markets with a significant presence in North America and exposure to China. The business model combines branded consumer products (Moen, House of Rohl, Therma-Tru, Fiberon, Master Lock, Yale) with digital and connected solutions (Flow subscription service), leveraging a predominantly North American supply chain as a competitive advantage while pursuing share gains through targeted innovation, revenue growth management capabilities, and strategic pricing discipline. Unit economics are characterized by operating margins in the 13–24% range across segments, with the water segment commanding premium margins supported by brand strength and pricing power, while the company pursues recurring revenue streams through digital subscriptions and connected products. The company's moat derives from leading brand recognition, deep customer relationships with builders and retailers, proprietary digital capabilities, and supply chain differentiation, enabling it to outperform fragmented end markets and maintain pricing discipline amid cost inflation and tariff pressures.
【Margin recovery through cost discipline】 Management is executing a comprehensive operational reset focused on structural cost reduction and margin recovery despite near-term macroeconomic uncertainty and elevated commodity and freight costs. The company expects to capture $70 million in annualized cost savings (with $15 million realized in 2026) through operational efficiency and fixed-cost optimization, positioning for margin expansion in the second half of 2026 as tariff-related price-cost headwinds normalize. While the company does not anticipate a near-term demand inflection and expects sales to decline low single digits in 2026 aligned with market conditions, management remains confident in its ability to drive long-term value through disciplined execution, strategic brand investments, and continued market outperformance as the organization completes its transformation and scales newly aligned capabilities in data analytics and revenue growth management.
| Metric | Target | Period |
|---|---|---|
| Net sales | down low single digits | FY2026 |
| EPS | $3.00–$3.30 | FY2026 |
| Operating margin | 13.5%–14.5% | FY2026 |
| 2026 cost savings | $15 million | FY2026 |
| Annualized cost savings run rate | $70 million | FY2026 and beyond |
Net sales (FY2026): “we now expect full year net sales to be down low single digits”
EPS (FY2026): “full year EPS is now expected to be in the range of $3.00-$3.30”
Operating margin (FY2026): “Our updated sales and EPS guidance assumes operating margin of 13.5%-14.5%”
2026 cost savings (FY2026): “we now expect to capture $15 million of these savings in 2026”
Annualized cost savings run rate (FY2026 and beyond): “we are increasing the annualized run rate of our cost savings estimates from the $35 million that we discussed last quarter to $70 million”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 4.5B | 4.6B | 4.6B | 4.7B | 4.8B |
| Net Income | 0 | 299M | 472M | 405M | 687M | 772M |
| EPS | $0.00 | $2.47 | $3.75 | $3.17 | $5.23 | $5.54 |
| Free Cash Flow | 0 | 367M | 475M | 799M | 320M | 475M |
| ROIC | 0.0% | 7.7% | 11.5% | 10.3% | 11.8% | 11.6% |
| Gross Margin | - | 44.6% | 44.8% | 41.3% | 40.9% | 40.8% |
| Debt/Equity | 1.16 | 1.07 | 1.37 | 1.16 | 1.63 | 1.06 |
| Dividends/Share | $0.00 | $1.01 | $0.97 | $0.93 | $1.07 | $1.06 |
| Operating Income | 0 | 516M | 738M | 615M | 774M | 811M |
| Operating Margin | 0.0% | 11.6% | 16.0% | 13.3% | 16.4% | 16.9% |
| ROE | 0.0% | 12.4% | 20.0% | 18.5% | 26.7% | 26.5% |
| Shares Outstanding | 189M | 121M | 126M | 128M | 131M | 139M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.0B | 4.6B | 5.0B | 5.3B | 5.5B | 5.8B | 3.6B | 4.8B | 4.7B | 4.6B | 4.6B | 4.5B | 0 |
| Gross Margin | 34.1% | 34.5% | 36.2% | 36.4% | 35.7% | 35.6% | 59.8% | 40.8% | 40.9% | 41.3% | 44.8% | 44.6% | N/A |
| R&D | 46M | 49M | 53M | 51M | 50M | 48M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 943M | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 849M | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B |
| EBIT | 404M | 496M | 619M | 683M | 595M | 699M | 568M | 811M | 774M | 615M | 738M | 516M | 0 |
| Op. Margin | 10.1% | 10.8% | 12.4% | 12.9% | 10.9% | 12.1% | 15.7% | 16.9% | 16.4% | 13.3% | 16.0% | 11.6% | 0.0% |
| Net Income | 158M | 315M | 413M | 473M | 390M | 432M | 553M | 772M | 687M | 405M | 472M | 299M | 0 |
| Net Margin | 3.9% | 6.9% | 8.3% | 8.9% | 7.1% | 7.5% | 15.3% | 16.1% | 14.5% | 8.7% | 10.2% | 6.7% | 0.0% |
| Non-Recurring | -76M | -100K | 13M | 9.1M | 86M | 57M | 21M | 7.7M | 37M | 67M | 16M | 106M | 106M |
| Returns on Capital | |||||||||||||
| ROIC | 10.0% | 10.8% | 12.7% | 14.0% | 10.1% | 11.0% | 9.1% | 11.6% | 11.8% | 10.3% | 11.5% | 7.7% | 0.0% |
| ROE | 6.4% | 13.4% | 17.2% | 19.1% | 16.3% | 18.8% | 21.3% | 26.5% | 26.7% | 18.5% | 20.0% | 12.4% | 0.0% |
| ROA | 3.8% | 7.1% | 8.3% | 8.9% | 6.8% | 7.0% | 8.1% | 12.1% | 11.9% | 6.4% | 7.2% | 4.6% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 266M | 429M | 651M | 600M | 604M | 637M | 826M | 689M | 566M | 1.1B | 668M | 479M | 0 |
| Free Cash Flow | 139M | 301M | 501M | 435M | 454M | 505M | 675M | 475M | 320M | 799M | 475M | 367M | 0 |
| Owner Earnings | 141M | 287M | 496M | 427M | 418M | 454M | 632M | 467M | 341M | 853M | 435M | 264M | -215M |
| CapEx | 128M | 129M | 149M | 165M | 150M | 132M | 151M | 214M | 246M | 257M | 193M | 112M | 0 |
| Maint. CapEx | 96M | 115M | 123M | 130M | 150M | 153M | 146M | 171M | 175M | 169M | 194M | 194M | 194M |
| Growth CapEx | 32M | 13M | 27M | 35M | 500K | 0 | 4.8M | 43M | 71M | 88M | 0 | 0 | 0 |
| D&A | 96M | 115M | 123M | 130M | 150M | 153M | 146M | 171M | 175M | 169M | 194M | 194M | 194M |
| CapEx/OCF | 50.3% | 29.9% | 23.0% | 27.5% | 24.9% | 20.7% | 18.2% | 31.1% | 43.5% | 24.3% | 28.9% | 23.4% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 77M | 90M | 98M | 110M | 115M | 123M | 133M | 143M | 146M | 117M | 120M | 121M | 0 |
| Dividend Yield | 1.5% | 1.6% | 1.5% | 1.5% | 1.9% | 2.1% | 1.7% | 1.3% | 1.9% | 1.5% | 1.3% | 1.8% | N/A |
| Share Buybacks | 440M | 52M | 425M | 215M | 695M | 100M | 188M | 448M | 580M | 150M | 240M | 248M | 248M |
| Buyback Yield | 6.9% | 0.6% | 5.7% | 2.3% | 14.0% | 1.2% | 1.7% | 3.8% | 8.3% | 1.6% | 2.8% | 4.0% | 2.6% |
| Stock-Based Comp | 30M | 28M | 32M | 43M | 36M | 31M | 48M | 50M | 50M | 34M | 39M | 21M | 21M |
| Debt Repayment | 737M | 1.3B | 805M | 565M | 1.9B | 1.3B | 1.5B | 1.5B | 5.6B | 470M | 915M | 1.5B | 1.5B |
| Balance Sheet | |||||||||||||
| Net Debt | 623M | 931M | 1.2B | 1.2B | 2.6B | 2.3B | 2.3B | 2.8B | 2.8B | 2.3B | 2.9B | 2.3B | 2.5B |
| Cash & Equiv. | 192M | 239M | 252M | 323M | 263M | 388M | 419M | 426M | 643M | 366M | 381M | 264M | 223M |
| Long-Term Debt | 644M | 1.2B | 1.4B | 1.5B | 1.8B | 1.8B | 2.6B | 2.3B | 2.1B | 2.7B | 2.2B | 2.5B | 2.7B |
| Debt/Equity | 0.36 | 0.48 | 0.61 | 0.58 | 1.31 | 1.12 | 0.99 | 1.06 | 1.63 | 1.16 | 1.37 | 1.07 | 1.16 |
| Interest Coverage | 38.8 | 15.6 | 12.6 | 13.8 | 8.0 | 7.4 | 6.8 | 9.6 | 6.5 | 5.3 | 6.1 | 4.5 | 4.5 |
| Equity | 2.3B | 2.5B | 2.4B | 2.6B | 2.2B | 2.4B | 2.8B | 3.1B | 2.1B | 2.3B | 2.4B | 2.4B | 2.4B |
| Total Assets | 4.1B | 4.9B | 5.1B | 5.5B | 6.0B | 6.3B | 7.4B | 5.4B | 6.1B | 6.6B | 6.6B | 6.5B | 6.5B |
| Total Liabilities | 1.8B | 2.4B | 2.8B | 2.9B | 3.8B | 3.9B | 4.6B | 4.9B | 4.0B | 4.3B | 4.1B | 4.1B | 4.2B |
| Intangibles | 657M | 997M | 1.1B | 1.2B | 1.2B | 1.2B | 1.4B | 968M | 1.0B | 1.4B | 1.3B | 1.2B | 1.2B |
| Retained Earnings | 280M | 502M | 815M | 1.2B | 1.4B | 1.8B | 2.2B | 2.8B | 2.3B | 2.6B | 3.0B | 3.1B | 3.2B |
| Working Capital | 600M | 660M | 602M | 695M | 194M | 489M | 863M | 773M | 916M | 845M | 405M | 903M | 1.1B |
| Current Assets | 1.3B | 1.4B | 1.4B | 1.6B | 1.7B | 1.9B | 2.2B | 2.7B | 2.5B | 2.0B | 2.0B | 2.0B | 2.0B |
| Current Liabilities | 700M | 758M | 843M | 907M | 1.5B | 1.4B | 1.3B | 2.0B | 1.5B | 1.2B | 1.6B | 1.1B | 949M |
| Per Share Data | |||||||||||||
| EPS | 0.95 | 1.93 | 2.62 | 3.03 | 2.66 | 3.06 | 3.94 | 5.54 | 5.23 | 3.17 | 3.75 | 2.47 | 0.00 |
| Owner EPS | 0.84 | 1.76 | 3.14 | 2.74 | 2.86 | 3.22 | 4.50 | 3.35 | 2.60 | 6.68 | 3.46 | 2.18 | -1.14 |
| Book Value | 13.58 | 15.02 | 14.97 | 16.67 | 14.87 | 17.19 | 19.77 | 21.98 | 15.89 | 17.97 | 19.25 | 19.75 | 12.49 |
| Cash Flow/Share | 1.60 | 2.63 | 4.12 | 3.85 | 4.12 | 4.51 | 5.88 | 4.94 | 4.31 | 8.27 | 5.31 | 3.96 | 1.03 |
| Dividends/Share | 0.50 | 0.58 | 0.66 | 0.74 | 0.82 | 0.90 | 0.98 | 1.06 | 1.07 | 0.93 | 0.97 | 1.01 | 0.00 |
| Shares Out. | 166.4M | 163.2M | 157.7M | 156.0M | 146.5M | 141.1M | 140.4M | 139.4M | 131.3M | 127.6M | 125.8M | 121.0M | 188.7M |
| Valuation | |||||||||||||
| P/E Ratio | 40.3 | 25.3 | 18.1 | 20.1 | 12.7 | 19.6 | 20.3 | 15.3 | 10.1 | 23.4 | 18.0 | 20.7 | N/A |
| P/FCF | 39.3 | 22.7 | 12.7 | 18.6 | 9.3 | 14.3 | 14.2 | 24.9 | 21.8 | 11.8 | 17.9 | 16.9 | N/A |
| EV/EBIT | 16.6 | 17.5 | 13.3 | 15.2 | 12.2 | 14.7 | 16.7 | 17.3 | 11.6 | 18.5 | 14.8 | 15.9 | N/A |
| Price/Book | 2.8 | 3.3 | 3.2 | 3.7 | 2.3 | 3.5 | 4.0 | 3.9 | 3.3 | 4.1 | 3.5 | 2.6 | 4.1 |
| Price/Sales | 1.5 | 1.5 | 1.5 | 1.6 | 1.3 | 1.2 | 1.5 | 2.2 | 1.6 | 1.7 | 2.0 | 1.5 | N/A |
| FCF Yield | 2.2% | 3.8% | 6.7% | 4.6% | 9.2% | 6.0% | 6.0% | 4.0% | 4.6% | 8.4% | 5.6% | 5.9% | N/A |
| Market Cap | 6.4B | 8.0B | 7.5B | 9.5B | 5.0B | 8.5B | 11.2B | 11.8B | 7.0B | 9.5B | 8.5B | 6.2B | 9.7B |
| Avg. Price | 30.67 | 35.32 | 41.68 | 47.30 | 42.16 | 40.91 | 54.95 | 77.29 | 57.45 | 61.95 | 74.88 | 55.67 | 51.27 |
| Year-End Price | 32.74 | 41.76 | 40.52 | 52.04 | 28.89 | 51.23 | 68.37 | 84.69 | 53.07 | 74.16 | 67.61 | 51.12 | 51.27 |
Fortune Brands Innovations, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Fortune Brands Innovations, Inc. trades at 20.8x trailing earnings, compared to its 15-year median P/E of 18.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.8x vs a median of 15.6x. The company's 5-year average ROIC is 10.6% with a gross margin of 42.5%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +4.7%.
Fortune Brands Innovations, Inc. (FBIN) reported annual revenue of $4.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Fortune Brands Innovations, Inc. (FBIN) has a net profit margin of 6.7%. This is a modest margin.
Fortune Brands Innovations, Inc. (FBIN) generated $367 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Fortune Brands Innovations, Inc. (FBIN) has a debt-to-equity ratio of 1.07. This indicates moderate leverage.
Fortune Brands Innovations, Inc. (FBIN) reported earnings per share (EPS) of $2.47 in its most recent fiscal year.
Fortune Brands Innovations, Inc. (FBIN) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
Fortune Brands Innovations, Inc. (FBIN) has a 5-year average gross margin of 42.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Fortune Brands Innovations, Inc. (FBIN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fortune Brands Innovations, Inc. (FBIN) has a book value per share of $19.75, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing a comprehensive operational reset focused on structural cost reduction and margin recovery despite near-term macroeconomic uncertainty and elevated commodity and freight costs. The company expects to capture $70 million in annualized cost savings (with $15 million realized in 2026) through operational efficiency and fixed-cost optimization, positioning for margin expansion in the second half of 2026 as tariff-related price-cost headwinds normalize. While the company does not anticipate a near-term demand inflection and expects sales to decline low single digits in 2026 aligned with market conditions, management remains confident in its ability to drive long-term value through disciplined execution, strategic brand investments, and continued market outperformance as the organization completes its transformation and scales newly aligned capabilities in data analytics and revenue growth management.
Based on recent SEC filings and earnings calls, Fortune Brands Innovations, Inc. (FBIN) has provided the following forward guidance: Net sales: down low single digits (FY2026); EPS: $3.00–$3.30 (FY2026); Operating margin: 13.5%–14.5% (FY2026); 2026 cost savings: $15 million (FY2026); Annualized cost savings run rate: $70 million (FY2026 and beyond).