Tearsheet

Fortune Brands Innovations (FBIN)


Market Price (12/26/2025): $51.49 | Market Cap: $6.2 Bil
Sector: Industrials | Industry: Building Products

Fortune Brands Innovations (FBIN)


Market Price (12/26/2025): $51.49
Market Cap: $6.2 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 6.4%
Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -84%
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%
  Key risks
FBIN key risks include [1] a structural decline in its China business and [2] ongoing operational disruptions evidenced by restructuring charges and reduced income.
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 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 6.4%
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 -79%, 3Y Excs Rtn is -84%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.8%, Rev Chg QQuarterly Revenue Change % is -0.5%
6 Key risks
FBIN key risks include [1] a structural decline in its China business and [2] ongoing operational disruptions evidenced by restructuring charges and reduced income.

Valuation, Metrics & Events

FBIN Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Following an approximate -11.8% movement in Fortune Brands Innovations (FBIN) stock between August 31, 2025, and December 26, 2025, the key contributing factors include: 1. Fortune Brands Innovations reported Q3 2025 earnings that missed both analyst consensus for earnings per share (EPS) and revenue. The company's EPS of $1.09 fell short of the $1.10 estimate, and quarterly revenue of $1.15 billion was below the $1.18 billion analyst forecast. This also represented a decline from $1.16 EPS a year prior.

2. The company experienced a significant decline in Q3 2025 operating income, partially due to an asset impairment and increased restructuring costs. Operating income for Q3 2025 was $125.9 million, a substantial decrease of 38.6% compared to the previous year. This was impacted by $50.1 million in asset impairment and higher restructuring charges.

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Stock Movement Drivers

Fundamental Drivers

The -2.2% change in FBIN stock from 9/25/2025 to 12/25/2025 was primarily driven by a -16.6% change in the company's Net Income Margin (%).
925202512252025Change
Stock Price ($)52.4851.34-2.18%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4495.904489.80-0.14%
Net Income Margin (%)8.75%7.30%-16.61%
P/E Multiple16.0518.8217.27%
Shares Outstanding (Mil)120.30120.100.17%
Cumulative Contribution-2.18%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025
ReturnCorrelation
FBIN-2.2% 
Market (SPY)4.9%44.9%
Sector (XLI)4.2%60.3%

Fundamental Drivers

The 0.7% change in FBIN stock from 6/26/2025 to 12/25/2025 was primarily driven by a 29.0% change in the company's P/E Multiple.
626202512252025Change
Stock Price ($)51.0051.340.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4532.604489.80-0.94%
Net Income Margin (%)9.42%7.30%-22.55%
P/E Multiple14.5918.8228.96%
Shares Outstanding (Mil)122.20120.101.72%
Cumulative Contribution0.64%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025
ReturnCorrelation
FBIN0.7% 
Market (SPY)13.1%39.7%
Sector (XLI)8.8%56.8%

Fundamental Drivers

The -25.1% change in FBIN stock from 12/25/2024 to 12/25/2025 was primarily driven by a -24.0% change in the company's Net Income Margin (%).
1225202412252025Change
Stock Price ($)68.5451.34-25.10%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4666.204489.80-3.78%
Net Income Margin (%)9.61%7.30%-24.04%
P/E Multiple18.9918.82-0.91%
Shares Outstanding (Mil)124.20120.103.30%
Cumulative Contribution-25.18%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025
ReturnCorrelation
FBIN-25.1% 
Market (SPY)15.8%58.6%
Sector (XLI)18.6%66.9%

Fundamental Drivers

The -5.4% change in FBIN stock from 12/26/2022 to 12/25/2025 was primarily driven by a -73.8% change in the company's Net Income Margin (%).
1226202212252025Change
Stock Price ($)54.2951.34-5.43%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2698.804489.8066.36%
Net Income Margin (%)27.88%7.30%-73.83%
P/E Multiple9.3318.82101.74%
Shares Outstanding (Mil)129.30120.107.12%
Cumulative Contribution-5.91%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025
ReturnCorrelation
FBIN-31.4% 
Market (SPY)48.3%54.6%
Sector (XLI)41.7%65.7%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
FBIN Return33%26%-37%35%-9%-25%-3%
Peers Return60%23%-48%59%-15%-22%8%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
FBIN Win Rate75%50%33%42%42%42% 
Peers Win Rate63%55%28%55%45%50% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
FBIN Max Drawdown-46%-4%-49%-3%-17%-34% 
Peers Max Drawdown-47%-5%-54%-1%-24%-38% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: MAS, ALLE, SWK, JELD, TREX.
[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 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventFBINS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-52.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven109.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven109.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven126 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-50.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven103.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven581 days120 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 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 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 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 Analysis | Feedback

The key risks to Fortune Brands Innovations (FBIN) include its sensitivity to economic slowdowns and the housing market, the decline in its China business, and intense competitive pressures coupled with operational challenges.

  1. Economic Sensitivity and Housing Market Downturn: Fortune Brands Innovations' performance is highly dependent on the health of the housing market and consumer discretionary spending, particularly within its home improvement segment. Economic slowdowns, rising interest rates, and a decrease in new home construction can lead to reduced consumer spending on renovation projects, directly impacting FBIN's product demand, sales volumes, and potentially profit margins.
  2. Decline in China Business: The company is experiencing a significant and sustained downturn in its China operations, which is considered a structural headwind. This decline can have substantial consequences for FBIN's long-term growth strategy and global market position, potentially resulting in lost revenue, market share in the region, and disruptions to its supply chain. Geopolitical factors, such as ongoing tariff tensions and broader macroeconomic uncertainty in China, contribute to weakened consumer confidence and project activity, further exacerbating this risk.
  3. Competitive Pressure and Operational Challenges: Fortune Brands Innovations operates in a highly competitive market for home and security products, requiring continuous innovation and differentiation to maintain market share. The company has faced challenges, including reductions in operating income and net income, which analysts attribute to factors such as increased competition, market saturation, or operational inefficiencies. Furthermore, restructuring and asset impairment charges indicate ongoing operational disruptions and changes within the company.

AI 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)

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
18.7%18.7%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.7%4.7%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.9%6.9%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | 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
2.6%2.6%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
6.0%6.0%-0.4%
FBIN_4302025_Dip_Buyer_FCFYield04302025FBINFortune Brands InnovationsDip BuyDB | 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%-3.2%-16.6%
FBIN_9302023_Dip_Buyer_FCFYield09302023FBINFortune Brands InnovationsDip BuyDB | 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_FCFYield03312022FBINFortune Brands InnovationsDip BuyDB | 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_FCFYield05312019FBINFortune Brands InnovationsDip BuyDB | 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

More From Trefis

Peer Comparisons for Fortune Brands Innovations

Peers to compare with:

Financials

FBINMASALLESWKJELDTREXMedian
NameFortune .Masco Allegion Stanley .JELD-WEN Trex  
Mkt Price51.3464.75160.8574.872.4635.4658.05
Mkt Cap6.213.513.811.30.23.88.7
Rev LTM4,4907,5973,98015,1663,3051,1814,235
Op Inc LTM6631,2918341,124-49270749
FCF LTM395846680370-16910382
FCF 3Y Avg5549355856443146570
CFO LTM5431,011763695-10284619
CFO 3Y Avg7571,137671988172266714

Growth & Margins

FBINMASALLESWKJELDTREXMedian
NameFortune .Masco Allegion Stanley .JELD-WEN Trex  
Rev Chg LTM-3.8%-3.6%6.9%-1.4%-15.3%0.1%-2.5%
Rev Chg 3Y Avg22.7%-4.7%8.6%-3.6%-7.1%-0.7%-2.2%
Rev Chg Q-0.5%-3.3%10.7%0.1%-13.4%22.1%-0.2%
QoQ Delta Rev Chg LTM-0.1%-0.9%2.7%0.0%-3.7%4.6%-0.1%
Op Mgn LTM14.8%17.0%21.0%7.4%-1.5%22.9%15.9%
Op Mgn 3Y Avg15.4%16.8%20.4%5.8%1.4%25.1%16.1%
QoQ Delta Op Mgn LTM-0.6%-0.6%-0.1%0.4%-1.0%0.4%-0.3%
CFO/Rev LTM12.1%13.3%19.2%4.6%-0.3%24.1%12.7%
CFO/Rev 3Y Avg16.5%14.5%17.7%6.4%4.0%23.1%15.5%
FCF/Rev LTM8.8%11.1%17.1%2.4%-5.1%0.9%5.6%
FCF/Rev 3Y Avg12.1%11.9%15.4%4.1%0.3%4.1%8.0%

Valuation

FBINMASALLESWKJELDTREXMedian
NameFortune .Masco Allegion Stanley .JELD-WEN Trex  
Mkt Cap6.213.513.811.30.23.88.7
P/S1.41.83.50.70.13.21.6
P/EBIT11.010.716.313.9-0.514.112.4
P/E18.816.421.625.8-0.319.219.0
P/CFO11.413.418.116.3-22.113.413.4
Total Yield7.3%8.0%5.9%8.3%-308.3%5.2%6.6%
Dividend Yield1.9%1.9%1.3%4.4%0.0%0.0%1.6%
FCF Yield 3Y Avg6.9%6.4%4.8%4.7%-5.7%0.7%4.8%
D/E0.50.20.20.66.50.00.3
Net D/E0.40.20.10.66.00.00.3

Returns

FBINMASALLESWKJELDTREXMedian
NameFortune .Masco Allegion Stanley .JELD-WEN Trex  
1M Rtn3.5%2.2%-2.9%5.9%-4.3%4.4%2.9%
3M Rtn-2.2%-7.7%-6.7%3.1%-51.7%-29.8%-7.2%
6M Rtn0.7%2.6%12.9%13.3%-35.8%-33.8%1.6%
12M Rtn-25.1%-11.0%22.6%-3.4%-70.6%-50.1%-18.1%
3Y Rtn-5.4%44.4%60.1%14.0%-74.5%-15.3%4.3%
1M Excs Rtn5.5%1.5%-4.0%8.0%1.3%7.6%3.5%
3M Excs Rtn-7.1%-12.6%-11.7%-1.8%-56.6%-34.7%-12.1%
6M Excs Rtn-12.2%-10.3%-0.0%0.5%-48.7%-46.7%-11.3%
12M Excs Rtn-41.8%-28.2%6.5%-21.3%-87.7%-66.4%-35.0%
3Y Excs Rtn-84.1%-36.6%-20.8%-68.9%-156.2%-97.2%-76.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Water2,5622,5702,7612,2022,027
Outdoors1,3411,517   
Security723635   
Outdoors & Security  2,0401,4191,349
Cabinets   2,4692,388
Total4,6264,7234,8016,0905,765


Operating Income by Segment
$ Mil20242023202220212020
Water574615630468428
Outdoors134194   
Security6295   
Unallocated Expenses-155-130   
Corporate expenses  -110-104-80
Outdoors & Security  292201172
Cabinets   236178
Total615774811801698


Assets by Segment
$ Mil20242023202220212020
Water3,4922,6742,6152,2632,111
Outdoors2,2052,215   
Security721605   
Corporate146626212  
Cabinets  2,4902,3672,356
Outdoors & Security  2,6192,4541,597
Unallocated Expenses   275228
Total6,5656,1217,9367,3596,291


Price Behavior

Price Behavior
Market Price$51.34 
Market Cap ($ Bil)6.2 
First Trading Date10/04/2011 
Distance from 52W High-30.1% 
   50 Days200 Days
DMA Price$49.83$53.21
DMA Trenddowndown
Distance from DMA3.0%-3.5%
 3M1YR
Volatility34.2%39.6%
Downside Capture156.83143.18
Upside Capture111.6194.00
Correlation (SPY)45.1%58.5%
FBIN Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.501.331.351.411.211.24
Up Beta0.110.691.471.701.301.33
Down Beta-0.801.301.211.111.010.96
Up Capture287%129%79%123%90%159%
Bmk +ve Days12253873141426
Stock +ve Days9172357108363
Down Capture181%162%173%157%126%108%
Bmk -ve Days7162452107323
Stock -ve Days10243968140386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of FBIN With Other Asset Classes (Last 1Y)
 FBINSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-23.7%20.9%19.2%71.9%8.9%6.0%-10.1%
Annualized Volatility39.3%18.8%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio-0.600.870.782.690.360.18-0.12
Correlation With Other Assets 67.0%58.7%-5.9%15.2%60.4%24.3%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of FBIN With Other Asset Classes (Last 5Y)
 FBINSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-5.9%14.0%14.9%18.7%11.7%4.8%32.7%
Annualized Volatility34.0%17.2%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.110.660.700.970.510.170.60
Correlation With Other Assets 69.9%63.5%8.1%9.5%62.6%26.0%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of FBIN With Other Asset Classes (Last 10Y)
 FBINSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return2.0%13.4%14.7%14.9%6.9%5.2%69.3%
Annualized Volatility33.7%19.9%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.150.600.700.830.310.220.90
Correlation With Other Assets 70.3%66.9%4.9%19.1%61.3%17.0%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity5,441,048
Short Interest: % Change Since 11302025-6.2%
Average Daily Volume1,585,666
Days-to-Cover Short Interest3.43
Basic Shares Quantity120,100,000
Short % of Basic Shares4.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/20254.1%1.2%5.9%
7/31/20252.4%3.9%7.8%
5/6/2025-8.8%6.9%-2.8%
2/6/2025-1.4%-1.0%-6.8%
11/6/2024-6.1%-10.7%-6.1%
4/30/2024-2.7%-0.4%-5.5%
1/30/2024-4.0%-3.8%1.0%
10/25/20231.2%4.7%20.6%
...
SUMMARY STATS   
# Positive131312
# Negative101011
Median Positive1.7%4.5%6.8%
Median Negative-4.1%-2.3%-6.8%
Max Positive6.8%11.7%27.8%
Max Negative-8.8%-10.7%-12.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251030202510-Q 9/27/2025
6302025731202510-Q 6/28/2025
3312025507202510-Q 3/29/2025
12312024225202510-K 12/28/2024
93020241107202410-Q 9/28/2024
6302024726202410-Q 6/29/2024
3312024501202410-Q 3/30/2024
12312023227202410-K 12/30/2023
93020231027202310-Q 9/30/2023
6302023801202310-Q 7/1/2023
3312023427202310-Q 4/1/2023
12312022228202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021228202210-K 12/31/2021

Insider Activity

Expand for More
 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Novak Matthew EdwardEVP, Chief Supply Chain9022025Sell58.4734219,997198,101Form
1Papesh KristinEVP and CHRO3052025Buy61.9948329,943472,209Form
2Wilson RonEVP, Chief Supply Chain2112025Sell68.941,500103,405693,915Form