Tearsheet

Fortune Brands Innovations (FBIN)

Market Price (12/4/2025): $51.43 | Market Cap: $6.2 Bil
Sector: Industrials | Industry: Building Products

Fortune Brands Innovations (FBIN)

Market Price (12/4/2025): $51.43
Market Cap: $6.2 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, FCF Yield is 6.2%	Weak multi-year price returns 2Y Excs Rtn is -72%, 3Y Excs Rtn is -77%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg QQuarterly Revenue Change % is -0.5%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
2	Low stock price volatility Vol 12M is 39%
3	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Smart Buildings & Proptech. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%, FCF Yield is 6.2%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
2	Low stock price volatility Vol 12M is 39%
3	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Smart Buildings & Proptech. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -72%, 3Y Excs Rtn is -77%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg QQuarterly Revenue Change % is -0.5%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$51.43	$67.06	$73.79	$54.56	$87.16
Market Cap CYE ($ Bil)	6.2	8.3	9.3	7.0	11.8
Total Debt ($ Bil)	2.8	2.8	2.8	2.8	2.8
Total Cash ($ Bil)	0.2	0.4	0.4	0.6	0.4
Enterprise Value ($ Bil)	8.8	11.1	12.1	9.8	14.6
Valuation Ratios
P/S TTM	1.4	1.9	2.1	1.6	2.7
P/EBIT TTM	11.4	11.8	15.2	9.5	15.7
P/E TTM	19.6	18.1	23.9	10.8	16.5
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$51.43	$67.06	$73.79
Market Cap CYE ($ Bil)	6.2	8.3	9.3
Total Debt ($ Bil)	2.8	2.8	2.8
Total Cash ($ Bil)	0.2	0.4	0.4
Enterprise Value ($ Bil)	8.8	11.1	12.1
Valuation Ratios
P/S TTM	1.4	1.9	2.1
P/EBIT TTM	11.4	11.8	15.2
P/E TTM	19.6	18.1	23.9
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	FBIN	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	4.5
Rev Chg Q	-0.5%	7.1%
Rev Chg LTM	-3.8%	6.1%
Rev Chg 3Y Avg	22.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.7
CFO LTM ($ Bil)	0.5
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	14.8%	18.8%
CFO/Rev LTM	12.1%	20.5%
Net Inc Mgn	7.3%	13.1%
VALUATION	MODERATE
P/S	1.4	3.2
P/CFO	11.8	15.8
P/FCF	16.2	20.5
P/E	19.6	23.5
STABILITY	FAIR
Debt/Equity	0.44	0.20
Cash/Assets	0.03	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Annualized Digital Sales	Approaching $300 million	10302025	Link
Market Outperformance (excluding China)	Almost 200 basis points	10312025	Link
Digital Business Sales Projection for 2025	$250 million	10142025	Link
Digital Device Activations (Q2 2025)	Around 220,000	7312025	Link
Active Digital Users	Around 5 million	8012025	Link

Recent
11/21/2025	Dividend	Amount: $0.25 Payment On: 12/10/2025
Upcoming
2/05/2026	Earnings Release	Rev: - EPS: -

FBIN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Fortune Brands Innovations reported a miss on both earnings per share (EPS) and revenue for its third quarter of 2025. The company's reported Q3 2025 EPS of $1.09 fell slightly below the Zacks Consensus Estimate of $1.10, representing an earnings surprise of -0.91%. Additionally, Q3 2025 revenue of $1.15 billion missed analyst estimates by 2.43% and was down 0.5% year-over-year.

2. The company significantly lowered its full-year 2025 guidance for EPS. Fortune Brands Innovations updated its full-year 2025 EPS guidance to a range of $3.70 to $3.80, which was below the sell-side analysts' expectations of approximately $4.24. This downward revision in outlook contributed to negative investor sentiment.

3. Persistent margin pressures and weakness in the Outdoors and Security segments impacted overall performance. The consolidated EBIT margin declined, with notable decreases in the Outdoors segment (down 250 basis points to 15.5%) and the Security segment (down 150 basis points to 17.8%). These segments also faced a channel inventory problem in Outdoors, and management indicated no expected recovery for Q4.

4. The weakening demand environment in China continued to be a significant headwind. A $14.5 million drag from China contributed to flat year-over-year revenue in Q3 2025. Fortune Brands Innovations' FY 2025 assumption for the China market remained a -15% to -20% decline, with no clear signs of a bottom due to macro-economic issues like a property slump and low consumer confidence.

5. Analyst downgrades and significant institutional selling activity further pressured the stock. Several analysts revised their price targets downwards, with Truist Financial reiterating a "hold" rating and lowering its price target to $60.00 from $65.00 on August 27, 2025. Royal Bank of Canada also reduced its price objective to $63.00 from $65.00 on October 31, 2025. Additionally, Legal & General Group Plc sold 208,248 shares, valued at approximately $10.4 million, and Bank of New York Mellon Corp reduced its holdings by 153,441 shares, approximately $7.65 million, both exceeding the $5 million threshold for significant transactions. The company also paused its share repurchase program, which could have negatively influenced short-term market sentiment.

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Stock Movement Drivers

Fundamental Drivers

The -9.4% change in FBIN stock from 9/3/2025 to 12/3/2025 was primarily driven by a -16.6% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	56.83	51.46	-9.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4495.90	4489.80	-0.14%
Net Income Margin (%)	8.75%	7.30%	-16.61%
P/E Multiple	17.38	18.87	8.56%
Shares Outstanding (Mil)	120.30	120.10	0.17%
Cumulative Contribution			-9.45%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
FBIN	-9.4%
Market (SPY)	6.2%	45.2%
Sector (XLI)	2.9%	61.9%

Fundamental Drivers

The 1.9% change in FBIN stock from 6/4/2025 to 12/3/2025 was primarily driven by a 30.5% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	50.52	51.46	1.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4532.60	4489.80	-0.94%
Net Income Margin (%)	9.42%	7.30%	-22.55%
P/E Multiple	14.46	18.87	30.48%
Shares Outstanding (Mil)	122.20	120.10	1.72%
Cumulative Contribution			1.83%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
FBIN	1.9%
Market (SPY)	15.1%	44.6%
Sector (XLI)	7.6%	59.0%

Fundamental Drivers

The -33.4% change in FBIN stock from 12/3/2024 to 12/3/2025 was primarily driven by a -24.0% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	77.25	51.46	-33.38%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4666.20	4489.80	-3.78%
Net Income Margin (%)	9.61%	7.30%	-24.04%
P/E Multiple	21.41	18.87	-11.87%
Shares Outstanding (Mil)	124.20	120.10	3.30%
Cumulative Contribution			-33.46%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
FBIN	-33.4%
Market (SPY)	14.3%	60.4%
Sector (XLI)	9.8%	68.0%

Fundamental Drivers

The -2.3% change in FBIN stock from 12/4/2022 to 12/3/2025 was primarily driven by a -73.8% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	52.68	51.46	-2.32%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2698.80	4489.80	66.36%
Net Income Margin (%)	27.88%	7.30%	-73.83%
P/E Multiple	9.05	18.87	108.38%
Shares Outstanding (Mil)	129.30	120.10	7.12%
Cumulative Contribution			-2.81%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
FBIN	-26.5%
Market (SPY)	53.2%	55.0%
Sector (XLI)	45.4%	66.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FBIN Return	33%	26%	-37%	35%	-9%	-23%	-1%
Peers Return	41%	55%	-11%	62%	9%	13%	285%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
FBIN Win Rate	75%	50%	33%	42%	42%	40%
Peers Win Rate	65%	63%	43%	63%	55%	54%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
FBIN Max Drawdown	-46%	-4%	-49%	-3%	-17%	-34%
Peers Max Drawdown	-37%	-3%	-37%	-8%	-12%	-14%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WMS, WTS, UFPI, GFF, TT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	FBIN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-52.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	109.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-52.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	109.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	126 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-50.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	103.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	581 days	120 days

Compare to WMS, WTS, UFPI, GFF, TT

In The Past

Fortune Brands Innovations's stock fell -52.3% during the 2022 Inflation Shock from a high on 5/10/2021. A -52.3% loss requires a 109.5% gain to breakeven.

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About Fortune Brands Innovations (FBIN)

Fortune Brands Home & Security, Inc. provides home and security products for residential home repair, remodeling, new construction, and security applications. It operates in three segments: Plumbing, Outdoors & Security, and Cabinets. The Plumbing segment manufactures, assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, and Shaws brands in the United States, China, Canada, Mexico, Southeast Asia, Europe, and South America directly through its own sales force, as well as through independent manufacturers' representatives to wholesalers, home centers, mass merchandisers, and industrial distributors. The Outdoors & Security segment offers fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking and railing under the Fiberon brand; and urethane millwork under the Fypon brand. This segment also manufactures, sources, and distributes locks, safety and security devices, and electronic security products under the Master Lock and American Lock brands; and fire resistant safes, security containers, and commercial cabinets under the SentrySafe brand. It serves home centers, hardware and other retailers, millwork building products and wholesale distributors, specialty dealers, and remodeling and renovation markets, as well as locksmiths, industrial and institutional users, and original equipment manufacturers in the United States, Canada, Europe, Central America, Japan, and Australia. The Cabinets segment manufactures custom, semi-custom, and custom cabinetry, as well as vanities for the kitchen, bath, and other parts of the home directly to kitchen and bath dealers, home centers, wholesalers, and builders in North America under the AOK, Diamond Brands, Homecrest, Kitchen Craft, Omega, and EVE brands. The company was incorporated in 1988 and is headquartered in Deerfield, Illinois.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Fortune Brands Innovations (FBIN):

A publicly traded Kohler, specializing in leading kitchen and bath brands like Moen.
The Masco (MAS) of premium kitchen, bath, and outdoor home products.

AI Generated Analysis | Feedback

Plumbing Fixtures: A wide range of faucets, showerheads, sinks, and bath accessories for kitchens and bathrooms.
Luxury Plumbing Products: High-end designer faucets, fixtures, and accessories catering to the luxury market.
Water Filtration Systems: Products designed to improve water quality through filtration and purification processes.
Smart Water Solutions: Devices that monitor water usage, detect leaks, and provide water control capabilities for homes and businesses.

AI Generated Analysis | Feedback

Fortune Brands Innovations (FBIN) primarily sells its products to other companies, which then distribute and sell them to end consumers, professional contractors, and builders. These customers include major home improvement retailers, wholesalers, and distributors across various channels.

According to its latest financial filings, Fortune Brands Innovations' major customers, each representing a significant portion of its consolidated net sales, include:

The Home Depot, Inc. (Symbol: HD) - Accounted for approximately 17% of FBIN's consolidated net sales in 2023.
Lowe's Companies, Inc. (Symbol: LOW) - Accounted for approximately 13% of FBIN's consolidated net sales in 2023.

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Nicholas Fink, Chief Executive Officer

Nicholas Fink was appointed CEO of Fortune Brands Innovations in January 2020. Since then, he has led the transformation of the company from a home and security business into a technology and innovation disruptor. He spearheaded the 2022 spin-off of the company's Cabinets business and a full-scale organizational restructure. Fink is responsible for 12 major acquisitions since joining Fortune Brands in 2015, including the 2023 acquisition of the U.S. and Canada Yale and August smart residential brands, and Emtek and Schaub luxury hardware brands. Prior to his CEO role, he served as Chief Operating Officer and President of the company's water business from April 2016 to March 2019. Before joining Fortune Brands in June 2015 as senior vice president – global growth and development, he held several key management positions at Beam Suntory, Inc., including president of Asia Pacific and South America. He began his career at Bell, Boyd and Lloyd as a partner in the corporate practice group before joining Beam Global Spirits & Wine as associate general counsel in 2006. Fink sits on the Board of Directors for Constellation Brands and is a member of the New York Stock Exchange Advisory Council. He holds a Juris Doctor degree from Northwestern University and an undergraduate degree from the Institut d'Etudes des Relations Internationales in Paris, France.

Jonathan Baksht, Executive Vice President, Chief Financial Officer

Jonathan Baksht was appointed Executive Vice President and Chief Financial Officer of Fortune Brands Innovations, effective May 5, 2025. In this role, he leads the company's financial planning, ensures accurate financial reporting, and oversees investor relations. Prior to joining Fortune Brands, Baksht served as Chief Financial Officer of Pactiv Evergreen, a manufacturer of fresh food and beverage packaging in North America. Before that, he was Executive Vice President and Chief Financial Officer at Valaris, a global offshore drilling contractor, where he also held key leadership positions including Vice President, Finance, and Vice President, Treasurer. He spent several years in investment banking with Goldman Sachs and began his career as a management consultant with Andersen Consulting. Baksht holds a Bachelor of Science in Electrical Engineering from the University of Texas at Austin and an MBA from the Kellogg School of Management at Northwestern University.

Cheri Phyfer, Executive Vice President, Group President

Cheri Phyfer serves as Executive Vice President and Group President at Fortune Brands Innovations. She held various leadership roles at Fortune Brands Innovations from 2018 to 2025, including serving as Group President of the Global Plumbing Group. Before joining Fortune Brands, Ms. Phyfer spent over 20 years at The Sherwin-Williams Company, where she held several senior positions, including President of the Consumer Brands Group and running two of the company's largest store divisions. She has served on the boards of O-I Glass since 2024 and W.C. Bradley Company since 2017, and previously served as a director of Western Forest Products from 2019 to 2022. Ms. Phyfer holds a Bachelor of Arts in Management and a Master's degree in Business Administration from Clemson University.

John Lee, Executive Vice President, Chief Digital and Innovation Officer

John Lee was appointed Executive Vice President, Chief Digital and Innovation Officer in July 2025. In this role, he leads the company's product development team and continues to oversee the digital technology and data analytics teams. Lee has been with Fortune Brands for over 13 years, previously holding various strategy, development, and digital positions within the company.

Anuja Perkins, Executive Vice President, Chief Growth and Transformation Officer

Anuja Perkins assumed the expanded role of Executive Vice President and Chief Growth and Transformation Officer in July 2025. Her responsibilities include leading the company's Transformation Management Office, overseeing corporate strategy, and managing mergers and acquisitions activities. Prior to joining Fortune Brands, Perkins worked at McKinsey & Company and DoorDash.

AI Generated Analysis | Feedback

The clear emerging threat for Fortune Brands Innovations (FBIN) is the rise of online direct-to-consumer (DTC) custom cabinetry and kitchen design services. These platforms leverage e-commerce, advanced visualization tools, and streamlined logistics to offer customized cabinet solutions directly to consumers and contractors, often at competitive price points and with greater convenience. This new business model bypasses traditional showroom-based sales, established dealer networks, and big-box retail channels that FBIN's cabinet brands primarily rely on. This shift mirrors the disruption seen in other industries where online-first models have challenged traditional brick-and-mortar incumbents by offering a different purchasing experience and value proposition.

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Fortune Brands Innovations (FBIN) operates in two primary segments: Water Innovations and Outdoors & Security.

Water Innovations

This segment includes faucets, accessories, kitchen sinks, waste disposals, and smart home water management systems under brands like Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, Schaub, and SpringWell. The Water Innovations market in the U.S. is expected to experience above-market growth in the coming years, driven by trends such as connected products, luxury items, sustainability, and safety and wellness solutions.

Outdoors & Security

This segment encompasses entry door systems, storm and screen doors, composite decking and railing, urethane millwork, wide-opening exterior door systems, outdoor enclosures, locks, safety and security devices, electronic security products, and fire-resistant safes. Key brands include Therma-Tru, Larson, Fiberon, Fypon, Solar Innovations, Master Lock, SentrySafe, American Lock, Yale, and August. The U.S. storm door market is approximately $1 billion. The broader Outdoors segment in the U.S. is anticipated to grow at a rate higher than the traditional U.S. home products market, benefiting from tailwinds in outdoor living, material conversion (with significant opportunities in fiberglass entry doors and composite decking), and sustainability.

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Expected Drivers of Future Revenue Growth for Fortune Brands Innovations (FBIN)

Over the next 2-3 years, Fortune Brands Innovations (FBIN) anticipates several key drivers to fuel its revenue growth:

Expansion of Digital Product Sales and Connected Home Technologies: FBIN is heavily focused on growing its digital portfolio, including smart home technologies and connected products such as the Flo by Moen leak detection system. The company aims to achieve approximately $300 million in annualized digital sales by the end of 2025, with a longer-term goal of exceeding $1 billion by 2030. Strategic partnerships are expected to play a crucial role in boosting these organic sales and driving new recurring revenue streams through subscription services.
Recovery and Stabilization of the Housing Market: Management expects improving housing affordability, increasing home inventories, and greater home equity extraction to gradually unleash pent-up demand for both renovation and new construction projects. This stabilization in the broader housing market is anticipated to support a rebound in sales across FBIN's product categories.
Leveraging Brand Leadership, Product Innovation, and Channel Relationships: FBIN plans to drive growth by reinforcing its strong brands and continually introducing differentiating innovations across its segments, particularly in Water Innovations and Security. The company intends to capitalize on its leadership position and strengthen relationships with large national builders, alongside developing new innovative product offerings to distinguish itself in the market.
Strategic Pricing and Market Share Gains: Through precise pricing strategies, continuous improvement initiatives, and targeted cost reductions, FBIN aims to outperform its end markets and gain market share. This operational excellence supports competitive positioning and allows for investments in growth categories, contributing to overall revenue expansion.

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Share Repurchases

Fortune Brands Innovations authorized a new $1 billion share repurchase program in February 2025, replacing an existing authorization.
The company repurchased $237.8 million of shares year-to-date as of September 27, 2025.
Significant share repurchases were made in previous years, including approximately $580.2 million in 2022 and $240.33 million in 2024.

Share Issuance

There was a net issuance of 0.4 million shares between December 28, 2024, and September 27, 2025.
A net issuance of 0.7 million shares occurred between December 30, 2023, and September 28, 2024.
Proceeds from the exercise of stock options generated $4.0 million year-to-date Q3 2025 and $10.4 million year-to-date Q3 2024.

Inbound Investments

No significant inbound investments by third-parties like strategic partners or private equity firms were identified in the provided information.

Outbound Investments

Fortune Brands Innovations completed the tax-free spin-off of its Cabinets business, MasterBrand, Inc., on December 14, 2022, creating two independent public companies.
The company's capital allocation strategy includes pursuing accretive strategic acquisitions, non-controlling equity investments, and joint ventures.
The cost of acquisitions, net of cash acquired, amounted to $129.0 million for the nine months ended September 28, 2024.

Capital Expenditures

Capital expenditures totaled $87.3 million year-to-date as of September 27, 2025.
Expected capital expenditures for the full year 2025 are projected to be $207 million, following $193 million in 2024, $256 million in 2023, $246 million in 2022, and $214 million in 2021.
The primary focus of capital expenditures includes high-returning investments, digital factory and connected products, and investments in automation, machine learning, and artificial intelligence within the supply chain, as well as establishing a new corporate campus in Q3 2025.

Better Bets than Fortune Brands Innovations (FBIN)

	FBIN	Better Performance than FBIN
Metric	Value	INDUSTRY: Building Products
Rev Chg LTM	-3.8%	JCI (22.2%), TT (8.6%), ALLE (6.9%), LII (3.8%), CARR (1.9%)
Rev Chg 3Y Avg	22.7%	ASPN (39.7%)
Op Mgn LTM	14.8%	WMS (22.3%), ALLE (21.0%), LII (19.9%), TT (18.8%), MAS (17.0%)
CFO/Rev LTM	12.1%	ALLE (19.2%), JCI (14.4%), TT (13.9%), MAS (13.3%), LII (12.8%)
FCF/Rev LTM	8.8%	ALLE (17.1%), JCI (12.3%), TT (12.0%), MAS (11.1%), LII (10.0%)
Total Yield	7.0%	CARR (9.3%), BCC (7.9%), UFPI (7.7%), MAS (7.4%), AOS (7.1%)
P/S	1.4	BCC (0.4), UFPI (0.8), BLDR (0.8), OC (1.0), GFF (1.3)
P/Op Inc	9.7	OC (6.5), AMWD (6.5), GFF (7.4), PPIH (8.3), MBC (8.3)

	FBIN	Better Performance than FBIN
Metric	Value	SECTOR: Industrials
Rev Chg LTM	-3.8%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	22.7%	RKLB (58.4%), AXON (33.7%), FIX (29.0%), HEI (27.3%), EMR (24.9%)
Op Mgn LTM	14.8%	UNP (40.6%), GE (20.5%), DE (20.0%), ETN (19.0%), CAT (18.2%)
CFO/Rev LTM	12.1%	UNP (39.6%), UBER (18.1%), CAT (18.0%), GE (17.2%), ETN (15.4%)
FCF/Rev LTM	8.8%	UNP (24.5%), UBER (17.5%), GE (14.7%), ETN (12.5%), CAT (12.3%)
Total Yield	7.0%	UPS (15.4%), UBER (8.1%), CP (7.4%), UNP (7.3%), TDG (7.2%)
P/S	1.4	UAL (0.5), DAL (0.6), FDX (0.6), UPS (0.8), FERG (1.4)
P/Op Inc	9.7	UAL (6.0), DAL (6.1), UPS (8.6), FDX (8.8), CNI (9.0)

	FBIN	Better Performance than FBIN
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-3.8%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	22.7%	NVDA (92.0%), APP (36.0%), PLTR (29.3%), AVGO (24.0%), LLY (23.4%)
Op Mgn LTM	14.8%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	12.1%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	8.8%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	7.0%	XOM (10.3%), JNJ (8.4%), UNH (8.1%), BAC (7.7%), KO (7.5%)
P/S	1.4	UNH (0.7), WMT (1.1), VZ (1.4), HCA (1.4), XOM (1.4)
P/Op Inc	9.7	VZ (5.9), BUD (7.7), T (8.3), MRK (9.4), PFE (9.4)

		Best Bets In Industrials Sector
	FBIN
What You Pay
P/E	19.6
P/EBIT	11.4
What You Get
Rev Chg Q	-0.5%
Rev Chg LTM	-3.8%
Rev Chg 3Y Avg	22.7%
FCF/Rev 3Y Avg	12.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Fortune Brands Innovations Stock Jump Looks Great, But How Secure Is That Gain?	Return
2	Fortune Brands Innovations vs AT&T: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Fortune Brands Innovations vs Owens-Corning: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Where Does Fortune Brands Innovations Stock Rank Among Competitors?	Peer Comparison
5	Better Bet Than FBIN Stock: Pay Less Than Fortune Brands Innovations To Get More From UNH, HCA
6	Better Bet Than FBIN Stock: Pay Less Than Fortune Brands Innovations To Get More From UAL, OC
7	Better Bet Than FBIN Stock: Pay Less Than Fortune Brands Innovations To Get More From OC
8	Why Fortune Brands Innovations Stock Moved: FBIN Stock Has Lost 41% Since 2021 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
9	FBIN Dip Buy Analysis
10	Fortune Brands Innovations (FBIN) Valuation Ratios Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to FBIN. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
FBIN_4302025_Dip_Buyer_FCFYield	04302025	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-6.7%	-3.1%	-16.6%
FBIN_9302023_Dip_Buyer_FCFYield	09302023	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	37.1%	44.4%	-11.2%
FBIN_3312022_Dip_Buyer_FCFYield	03312022	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-26.0%	-7.3%	-27.4%
FBIN_5312019_Dip_Buyer_FCFYield	05312019	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	32.7%	28.8%	-26.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%
FBIN_4302025_Dip_Buyer_FCFYield	04302025	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-6.7%	-3.1%	-16.6%
FBIN_9302023_Dip_Buyer_FCFYield	09302023	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	37.1%	44.4%	-11.2%
FBIN_3312022_Dip_Buyer_FCFYield	03312022	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-26.0%	-7.3%	-27.4%
FBIN_5312019_Dip_Buyer_FCFYield	05312019	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	32.7%	28.8%	-26.7%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Fortune Brands Innovations

Peers to compare with:

Financials

	FBIN	WMS	WTS	UFPI	GFF	TT	Median
Name	Fortune .	Advanced.	Watts Wa.	UFP Indu.	Griffon	Trane Te.
Mkt Price	51.46	151.93	274.97	92.72	74.57	409.07	122.33
Mkt Cap	6.2	11.8	9.2	5.2	3.4	91.1	7.7
Rev LTM	4,490	2,987	2,354	6,453	2,517	21,051	3,738
Op Inc LTM	663	667	447	396	443	3,956	555
FCF LTM	395	529	344	272	294	2,533	369
FCF 3Y Avg	554	494	318	541	338	2,431	517
CFO LTM	543	741	387	544	355	2,936	543
CFO 3Y Avg	757	693	352	767	398	2,777	725

Growth & Margins

	FBIN	WMS	WTS	UFPI	GFF	TT	Median
Name	Fortune .	Advanced.	Watts Wa.	UFP Indu.	Griffon	Trane Te.
Rev Chg LTM	-3.8%	2.5%	4.2%	-3.9%	-3.4%	8.6%	-0.4%
Rev Chg 3Y Avg	22.7%	-2.0%	6.5%	-12.5%	-2.4%	10.8%	2.3%
Rev Chg Q	-0.5%	8.7%	12.5%	-5.4%	-5.3%	5.5%	2.5%
QoQ Delta Rev Chg LTM	-0.1%	2.3%	3.0%	-1.4%	-1.3%	1.5%	0.7%
Op Mgn LTM	14.8%	22.3%	19.0%	6.1%	17.6%	18.8%	18.2%
Op Mgn 3Y Avg	15.4%	23.6%	17.8%	7.8%	14.3%	17.4%	16.4%
QoQ Delta Op Mgn LTM	-0.6%	0.1%	0.1%	-0.3%	1.2%	0.4%	0.1%
CFO/Rev LTM	12.1%	24.8%	16.4%	8.4%	14.1%	13.9%	14.0%
CFO/Rev 3Y Avg	16.5%	23.8%	16.0%	10.9%	15.2%	14.4%	15.6%
FCF/Rev LTM	8.8%	17.7%	14.6%	4.2%	11.7%	12.0%	11.9%
FCF/Rev 3Y Avg	12.1%	17.0%	14.4%	7.6%	12.8%	12.6%	12.7%

Valuation

	FBIN	WMS	WTS	UFPI	GFF	TT	Median
Name	Fortune .	Advanced.	Watts Wa.	UFP Indu.	Griffon	Trane Te.
Mkt Cap	6.2	11.8	9.2	5.2	3.4	91.1	7.7
P/S	1.4	3.6	4.0	0.8	1.3	4.5	2.5
P/EBIT	11.4	15.5	21.6	12.1	15.3	24.0	15.4
P/E	19.6	23.5	28.8	16.3	46.9	32.0	26.2
P/CFO	11.8	14.6	24.2	9.7	9.2	32.0	13.2
Total Yield	7.0%	4.7%	4.2%	7.7%	3.3%	4.0%	4.4%
Dividend Yield	1.9%	0.5%	0.7%	1.6%	1.2%	0.9%	1.0%
FCF Yield 3Y Avg	6.9%	4.8%	4.5%	8.5%	12.8%	3.4%	5.9%
D/E	0.4	0.1	0.0	0.1	0.5	0.0	0.1
Net D/E	0.4	0.1	-0.0	-0.1	0.5	0.0	0.0

Returns

	FBIN	WMS	WTS	UFPI	GFF	TT	Median
Name	Fortune .	Advanced.	Watts Wa.	UFP Indu.	Griffon	Trane Te.
1M Rtn	2.2%	10.4%	1.4%	0.3%	-0.4%	-8.3%	0.8%
3M Rtn	-9.4%	7.1%	-0.1%	-5.4%	-2.9%	0.4%	-1.5%
6M Rtn	1.9%	34.6%	15.3%	-3.8%	8.0%	-5.0%	4.9%
12M Rtn	-33.4%	12.9%	29.6%	-30.0%	-9.0%	0.1%	-4.5%
3Y Rtn	-2.3%	61.7%	76.1%	15.6%	127.9%	136.2%	68.9%
1M Excs Rtn	2.3%	10.4%	1.4%	0.3%	-0.4%	-8.3%	0.9%
3M Excs Rtn	-17.7%	0.2%	-6.9%	-14.7%	-11.5%	-6.1%	-9.2%
6M Excs Rtn	-12.9%	19.9%	0.5%	-18.5%	-6.8%	-19.7%	-9.8%
12M Excs Rtn	-46.6%	-0.5%	14.9%	-44.2%	-24.2%	-14.4%	-19.3%
3Y Excs Rtn	-77.1%	-7.3%	12.7%	-52.6%	61.8%	70.5%	2.7%

Comparison Analyses

	Title
0	Where Does Fortune Brands Innovations Stock Rank Among Competitors?

Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End	9/27/2025	12/28/2024	12/30/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/25/2025	2/27/2024	2/28/2023	2/28/2022	2/24/2021	2/26/2020
Key Financials
Total Revenue	4,490	4,609	4,626	4,723	4,801	3,621	5,765
EBITDA	759	920	803	978	1,000	746	822
Operating Income	663	742	682	815	828	592	723
Net Income	328	472	404	687	772	553	432
EPS	2.69	3.78	3.19	5.27	5.62	3.99	3.09
Growth Rates
Total Revenue Growth	-3.8%	-0.4%	-2.0%	-1.6%	32.6%	-37.2%	5.1%
EBITDA Growth	-15.8%	14.5%	-17.9%	-2.2%	33.9%	-9.2%	8.0%
Operating Income Growth	-11.2%	8.8%	-16.3%	-1.5%	39.7%	-18.1%	5.0%
Net Income Growth	-26.9%	16.7%	-41.1%	-11.1%	39.6%	28.1%	10.9%
Margins
EBITDA Margin	16.9%	20.0%	17.4%	20.7%	20.8%	20.6%	14.3%
Operating Income Margin	14.8%	16.1%	14.8%	17.3%	17.2%	16.4%	12.5%
Net Income Margin	7.3%	10.2%	8.7%	14.5%	16.1%	15.3%	7.5%
Cash & Debt
Total Cash	224	381	366	642	426	419	388
Total Debt	2,834	2,795	2,813	2,769	2,819	2,713	2,324
Net Debt / (Cash)	2,610	2,414	2,447	2,126	2,393	2,294	1,936
Cash Flows
Net Cash from Operations	543	668	1,056	566	689	826	637
Free Cash from Operations	395	474	799	320	474	675	505
Returns to Shareholders
Dividends	120	120	117	146	143	133	123
Share Repurchases	288	240	150	580	448	188	100

$ Mil \| FY: 12/28	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	10/30/2025	7/31/2025	5/7/2025	2/25/2025	11/7/2024	7/26/2024	5/1/2024	2/27/2024	10/27/2023	8/1/2023	4/27/2023	2/28/2023
Key Financials Quarterly
Total Revenue	1,149	1,203	1,033	1,104	1,155	1,240	1,110	1,161	1,261	1,164	1,040	1,132
Ebitda	173	230	149	207	253	258	201	190	251	192	170	238
Operating Income	187	185	122	169	212	203	158	173	200	175	135	201
Net Income	71	100	51	105	137	134	96	81	136	102	85	110
EPS	0.59	0.83	0.42	0.85	1.10	1.07	0.77	0.64	1.08	0.81	0.66	0.86
Key Financials TTM
Total Revenue TTM	4,490	4,496	4,533	4,609	4,666	4,772	4,696	4,626	4,597	4,531	4,623	4,723
Ebitda TTM	759	839	868	920	902	901	834	803	852	844	919	978
Operating Income TTM	663	688	706	742	746	734	706	682	711	724	770	815
Net Income TTM	328	393	427	472	448	448	416	404	433	500	590	687
Growth Rates Quarterly
Total Revenue Growth	-0.5%	-3.0%	-6.9%	-4.9%	-8.4%	6.6%	6.7%	2.6%	5.5%	-7.3%	-8.8%	226.9%
EBITDA Growth	-31.6%	-11.1%	-25.9%	9.3%	0.5%	34.5%	18.5%	-20.4%	2.9%	-28.0%	-25.7%	716.1%
Operating Income Growth	-12.1%	-8.7%	-23.0%	-2.3%	6.1%	16.1%	17.3%	-14.2%	-6.1%	-20.7%	-25.2%	1547.5%
Net Income Growth	-48.2%	-25.1%	-46.7%	29.3%	0.1%	31.1%	13.9%	-25.8%	-33.2%	-46.8%	-53.2%	-37.5%
Margins Quarterly
EBITDA Margin	15.0%	19.1%	14.5%	18.8%	21.9%	20.8%	18.2%	16.3%	19.9%	16.5%	16.3%	21.1%
Operating Income Margin	16.3%	15.4%	11.8%	15.3%	18.4%	16.4%	14.3%	14.9%	15.9%	15.0%	13.0%	17.8%
Net Income Margin	6.2%	8.3%	5.0%	9.5%	11.8%	10.8%	8.7%	7.0%	10.8%	8.8%	8.1%	9.7%
Cash & Debt
Total Cash	224	235	340	381	345	353	360	366	453	682	539	642
Total Debt	2,834	2,996	3,069	2,795	2,905	3,035	3,185	2,813	2,921	3,357	2,764	2,769
Net Debt / (Cash)	2,610	2,761	2,729	2,414	2,560	2,683	2,826	2,447	2,468	2,676	2,225	2,126
Cash Flows Quarterly
FCF from Operations	204	149	-83	272	205	262	-71	220	332	428	76	278
Cash Flows TTM
FCF from Operations TTM	543	544	656	668	616	742	908	1,056	1,113	1,028	826	566
Returns to Shareholders Quarterly
Dividends	30	30	30	30	30	30	30	29	29	29	30	36
Share Repurchases	-0	63	175	50	40	50	100	30	20	-0	100	49
Return on Invested Capital (ROIC) Quarterly
ROIC	21.4%	18.2%	13.2%	22.0%	25.7%	23.8%	17.2%	22.1%	25.7%	20.5%	18.6%	31.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	18.7%	18.6%	20.1%	24.0%	22.7%	21.4%	19.6%	21.8%	22.9%	22.1%	27.9%	31.0%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Water	2,562	2,570	2,761	2,202	2,027
Outdoors	1,341	1,517
Security	723	635
Outdoors & Security			2,040	1,419	1,349
Cabinets				2,469	2,388
Total	4,626	4,723	4,801	6,090	5,765

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Water	574	615	630	468	428
Outdoors	134	194
Security	62	95
Unallocated Expenses	-155	-130
Corporate expenses			-110	-104	-80
Outdoors & Security			292	201	172
Cabinets				236	178
Total	615	774	811	801	698

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Water	3,492	2,674	2,615	2,263	2,111
Outdoors	2,205	2,215
Security	721	605
Corporate	146	626	212
Cabinets			2,490	2,367	2,356
Outdoors & Security			2,619	2,454	1,597
Unallocated Expenses				275	228
Total	6,565	6,121	7,936	7,359	6,291

Price Behavior

Price Behavior

Market Price	$51.46
Market Cap ($ Bil)	6.2
First Trading Date	10/04/2011
Distance from 52W High	-33.8%
	50 Days	200 Days
DMA Price	$49.98	$54.13
DMA Trend	down	down
Distance from DMA	3.0%	-4.9%
	3M	1YR
Volatility	35.6%	39.5%
Downside Capture	174.21	151.28
Upside Capture	79.43	91.75
Correlation (SPY)	44.4%	60.2%

FBIN Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.50	1.33	1.35	1.41	1.21	1.24
Up Beta	0.11	0.69	1.47	1.70	1.30	1.33
Down Beta	-0.80	1.30	1.21	1.11	1.01	0.96
Up Capture	287%	129%	79%	123%	90%	159%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	17	23	57	108	363
Down Capture	181%	162%	173%	157%	126%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	24	39	68	140	386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of FBIN With Other Asset Classes (Last 1Y)
	FBIN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-32.8%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	39.2%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.92	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		67.9%	60.4%	-4.0%	14.8%	61.1%	26.8%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of FBIN With Other Asset Classes (Last 5Y)
	FBIN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-5.5%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	34.0%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.09	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		69.8%	63.4%	8.1%	9.3%	62.4%	25.9%

Based On 10-Year Data

		Comparison of FBIN With Other Asset Classes (Last 10Y)
	FBIN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	2.1%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	33.6%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.15	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		70.4%	67.0%	4.8%	18.8%	61.3%	16.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	4,554,021
Short Interest: % Change Since 10312025	13.2%
Average Daily Volume	1,802,916
Days-to-Cover Short Interest	2.53
Basic Shares Quantity	120,100,000
Short % of Basic Shares	3.8%

Returns Analyses

	Title
0	Fortune Brands Innovations Stock Jump Looks Great, But How Secure Is That Gain?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/27/2025
6302025	7312025	10-Q 6/28/2025
3312025	5072025	10-Q 3/29/2025
12312024	2252025	10-K 12/28/2024
9302024	11072024	10-Q 9/28/2024
6302024	7262024	10-Q 6/29/2024
3312024	5012024	10-Q 3/30/2024
12312023	2272024	10-K 12/30/2023
9302023	10272023	10-Q 9/30/2023
6302023	8012023	10-Q 7/1/2023
3312023	4272023	10-Q 4/1/2023
12312022	2282023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	5032022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Novak Matthew Edward	EVP, Chief Supply Chain	9022025	Sell	58.47	342	19,997	198,101	Form
1	Papesh Kristin	EVP and CHRO	3052025	Buy	61.99	483	29,943	472,209	Form
2	Wilson Ron	EVP, Chief Supply Chain	2112025	Sell	68.94	1,500	103,405	693,915	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Fortune Brands Innovations (FBIN)

Market Price (12/4/2025): $51.43 | Market Cap: $6.2 BilSector: Industrials | Industry: Building Products

Fortune Brands Innovations (FBIN)

Market Price (12/4/2025): $51.43Market Cap: $6.2 BilSector: IndustrialsIndustry: Building Products

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Market Price (12/4/2025): $51.43 | Market Cap: $6.2 Bil
Sector: Industrials | Industry: Building Products

Market Price (12/4/2025): $51.43
Market Cap: $6.2 Bil
Sector: Industrials
Industry: Building Products