Fortune Brands Innovations (FBIN)
Market Price (9/27/2026): $39.41 | Market Cap: $4.7 BilSector: Industrials | Industry: Building Products
Fortune Brands Innovations (FBIN)
Market Price (9/27/2026): $39.41Market Cap: $4.7 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%, Dividend Yield is 2.6%, FCF Yield is 8.5% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Low stock price volatilityVol 12M is 47% Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Smart Buildings & Proptech. Themes include Green Building Materials, Resource Efficiency Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -111% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -4.1% Key risksFBIN key risks include [1] a structural decline in its China business and [2] ongoing operational disruptions evidenced by restructuring charges and reduced income. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.8%, Dividend Yield is 2.6%, FCF Yield is 8.5% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 47% |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, and Smart Buildings & Proptech. Themes include Green Building Materials, Resource Efficiency Solutions, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -88%, 3Y Excs Rtn is -111% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -4.1% |
| Key risksFBIN key risks include [1] a structural decline in its China business and [2] ongoing operational disruptions evidenced by restructuring charges and reduced income. |
Qualitative Assessment
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Updated on 9/9/2026
Fortune Brands Innovations (FBIN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Fortune Brands Innovations reported a significant earnings beat for fiscal Q2 2026, surpassing analyst expectations. The company announced an Earnings Per Share (EPS) of $1.35 on August 4, 2026, which substantially exceeded the consensus estimate of $0.80 by $0.55. This outperformance in EPS was partially attributed to anticipated net tariff refunds. While quarterly revenue declined 4.1% year-over-year to $1.15 billion, falling slightly below analyst estimates, the strong EPS figure provided a positive catalyst for the stock.
2. Analysts issued positive ratings and raised price targets for FBIN, reflecting an optimistic outlook. Following the fiscal Q2 2026 earnings announcement, several financial analysts maintained or upgraded their ratings and increased their price objectives for Fortune Brands Innovations. For instance, UBS Group raised its price objective from $63.00 to $65.00 with a "buy" rating on August 5, 2026, and Royal Bank of Canada elevated its price objective from $50.00 to $57.00 with an "outperform" rating on the same day. The average analyst price target for FBIN stood at $57.27, suggesting a potential upside of 33.53% from its stock price on September 2, 2026.
Show more
Fortune Brands Innovations (FBIN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Fortune Brands Innovations reported a significant earnings beat for fiscal Q2 2026, surpassing analyst expectations. The company announced an Earnings Per Share (EPS) of $1.35 on August 4, 2026, which substantially exceeded the consensus estimate of $0.80 by $0.55. This outperformance in EPS was partially attributed to anticipated net tariff refunds. While quarterly revenue declined 4.1% year-over-year to $1.15 billion, falling slightly below analyst estimates, the strong EPS figure provided a positive catalyst for the stock.
2. Analysts issued positive ratings and raised price targets for FBIN, reflecting an optimistic outlook. Following the fiscal Q2 2026 earnings announcement, several financial analysts maintained or upgraded their ratings and increased their price objectives for Fortune Brands Innovations. For instance, UBS Group raised its price objective from $63.00 to $65.00 with a "buy" rating on August 5, 2026, and Royal Bank of Canada elevated its price objective from $50.00 to $57.00 with an "outperform" rating on the same day. The average analyst price target for FBIN stood at $57.27, suggesting a potential upside of 33.53% from its stock price on September 2, 2026.
Show more
Updated on 9/9/2026
Fortune Brands Innovations (FBIN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Fortune Brands Innovations reported a significant earnings beat for fiscal Q2 2026, surpassing analyst expectations. The company announced an Earnings Per Share (EPS) of $1.35 on August 4, 2026, which substantially exceeded the consensus estimate of $0.80 by $0.55. This outperformance in EPS was partially attributed to anticipated net tariff refunds. While quarterly revenue declined 4.1% year-over-year to $1.15 billion, falling slightly below analyst estimates, the strong EPS figure provided a positive catalyst for the stock.
2. Analysts issued positive ratings and raised price targets for FBIN, reflecting an optimistic outlook. Following the fiscal Q2 2026 earnings announcement, several financial analysts maintained or upgraded their ratings and increased their price objectives for Fortune Brands Innovations. For instance, UBS Group raised its price objective from $63.00 to $65.00 with a "buy" rating on August 5, 2026, and Royal Bank of Canada elevated its price objective from $50.00 to $57.00 with an "outperform" rating on the same day. The average analyst price target for FBIN stood at $57.27, suggesting a potential upside of 33.53% from its stock price on September 2, 2026.
3. A substantial insider purchase demonstrated strong confidence from the company's leadership. On June 10, 2026, Director Edward P. Garden purchased 320,067 shares of Fortune Brands Innovations stock at an average price of $40.60 per share. This transaction amounted to approximately $12.99 million, indicating a significant vote of confidence from an insider during the specified period.
4. Key leadership appointments signaled a strategic focus on strengthening management and performance. During the period, Fortune Brands Innovations announced crucial changes to its executive team. Jesse G. Singh was appointed Chief Executive Officer, effective June 29, 2026. Furthermore, Peter G. Clifford was named Executive Vice President and Chief Financial Officer, with his appointment effective September 21, 2026. These leadership transitions are often viewed positively by investors as a move to enhance operational execution and drive long-term value.
Show less
Fortune Brands Innovations (FBIN) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Fortune Brands Innovations reported a significant earnings beat for fiscal Q2 2026, surpassing analyst expectations. The company announced an Earnings Per Share (EPS) of $1.35 on August 4, 2026, which substantially exceeded the consensus estimate of $0.80 by $0.55. This outperformance in EPS was partially attributed to anticipated net tariff refunds. While quarterly revenue declined 4.1% year-over-year to $1.15 billion, falling slightly below analyst estimates, the strong EPS figure provided a positive catalyst for the stock.
2. Analysts issued positive ratings and raised price targets for FBIN, reflecting an optimistic outlook. Following the fiscal Q2 2026 earnings announcement, several financial analysts maintained or upgraded their ratings and increased their price objectives for Fortune Brands Innovations. For instance, UBS Group raised its price objective from $63.00 to $65.00 with a "buy" rating on August 5, 2026, and Royal Bank of Canada elevated its price objective from $50.00 to $57.00 with an "outperform" rating on the same day. The average analyst price target for FBIN stood at $57.27, suggesting a potential upside of 33.53% from its stock price on September 2, 2026.
3. A substantial insider purchase demonstrated strong confidence from the company's leadership. On June 10, 2026, Director Edward P. Garden purchased 320,067 shares of Fortune Brands Innovations stock at an average price of $40.60 per share. This transaction amounted to approximately $12.99 million, indicating a significant vote of confidence from an insider during the specified period.
4. Key leadership appointments signaled a strategic focus on strengthening management and performance. During the period, Fortune Brands Innovations announced crucial changes to its executive team. Jesse G. Singh was appointed Chief Executive Officer, effective June 29, 2026. Furthermore, Peter G. Clifford was named Executive Vice President and Chief Financial Officer, with his appointment effective September 21, 2026. These leadership transitions are often viewed positively by investors as a move to enhance operational execution and drive long-term value.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 1.7% change in FBIN stock from 5/31/2026 to 9/26/2026 was primarily driven by a 84.8% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.71 | 39.38 | 1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,441 | 4,392 | -1.1% |
| Net Income Margin (%) | 6.1% | 3.4% | -44.6% |
| P/E Multiple | 17.1 | 31.6 | 84.8% |
| Shares Outstanding (Mil) | 120 | 119 | 0.4% |
| Cumulative Contribution | 1.7% |
Market Drivers
5/31/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| FBIN | 1.7% | |
| Market (SPY) | 2.2% | 46.5% |
| Sector (XLI) | -1.3% | 57.2% |
Fundamental Drivers
The -26.6% change in FBIN stock from 2/28/2026 to 9/26/2026 was primarily driven by a -49.4% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.64 | 39.38 | -26.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,463 | 4,392 | -1.6% |
| Net Income Margin (%) | 6.7% | 3.4% | -49.4% |
| P/E Multiple | 21.6 | 31.6 | 46.4% |
| Shares Outstanding (Mil) | 120 | 119 | 0.7% |
| Cumulative Contribution | -26.6% |
Market Drivers
2/28/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| FBIN | -26.6% | |
| Market (SPY) | 13.0% | 53.7% |
| Sector (XLI) | -3.3% | 66.2% |
Fundamental Drivers
The -31.1% change in FBIN stock from 8/31/2025 to 9/26/2026 was primarily driven by a -61.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.16 | 39.38 | -31.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,496 | 4,392 | -2.3% |
| Net Income Margin (%) | 8.8% | 3.4% | -61.3% |
| P/E Multiple | 17.5 | 31.6 | 80.5% |
| Shares Outstanding (Mil) | 120 | 119 | 0.8% |
| Cumulative Contribution | -31.1% |
Market Drivers
8/31/2025 to 9/26/2026| Return | Correlation | |
|---|---|---|
| FBIN | -31.1% | |
| Market (SPY) | 20.9% | 41.9% |
| Sector (XLI) | 13.6% | 56.3% |
Fundamental Drivers
The -39.9% change in FBIN stock from 8/31/2023 to 9/26/2026 was primarily driven by a -69.3% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.48 | 39.38 | -39.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,531 | 4,392 | -3.1% |
| Net Income Margin (%) | 11.0% | 3.4% | -69.3% |
| P/E Multiple | 16.6 | 31.6 | 90.2% |
| Shares Outstanding (Mil) | 127 | 119 | 6.3% |
| Cumulative Contribution | -39.9% |
Market Drivers
8/31/2023 to 9/26/2026| Return | Correlation | |
|---|---|---|
| FBIN | -39.9% | |
| Market (SPY) | 77.8% | 49.9% |
| Sector (XLI) | 64.4% | 62.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FBIN Return | 26% | -37% | 35% | -9% | -25% | -23% | -44% |
| Peers Return | 23% | -48% | 59% | -15% | -22% | 5% | -30% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| FBIN Win Rate | 50% | 33% | 42% | 42% | 42% | 44% | |
| Peers Win Rate | 55% | 28% | 55% | 45% | 50% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| FBIN Max Drawdown | -20% | -50% | -27% | -26% | -40% | -48% | |
| Peers Max Drawdown | -20% | -54% | -28% | -33% | -44% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | FBIN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.3% | -9.5% |
| % Gain to Breakeven | 33.8% | 10.5% |
| Time to Breakeven | 46 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.8% | -6.7% |
| % Gain to Breakeven | 17.4% | 7.1% |
| Time to Breakeven | 23 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.3% | -24.5% |
| % Gain to Breakeven | 93.6% | 32.4% |
| Time to Breakeven | 700 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.7% | -33.7% |
| % Gain to Breakeven | 106.9% | 50.9% |
| Time to Breakeven | 126 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.2% | -19.2% |
| % Gain to Breakeven | 47.4% | 23.8% |
| Time to Breakeven | 127 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.6% | -3.7% |
| % Gain to Breakeven | 11.9% | 3.9% |
| Time to Breakeven | 125 days | 6 days |
In The Past
Fortune Brands Innovations's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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Asset Allocation
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| Event | FBIN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.3% | -9.5% |
| % Gain to Breakeven | 33.8% | 10.5% |
| Time to Breakeven | 46 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.3% | -24.5% |
| % Gain to Breakeven | 93.6% | 32.4% |
| Time to Breakeven | 700 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.7% | -33.7% |
| % Gain to Breakeven | 106.9% | 50.9% |
| Time to Breakeven | 126 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -32.2% | -19.2% |
| % Gain to Breakeven | 47.4% | 23.8% |
| Time to Breakeven | 127 days | 105 days |
In The Past
Fortune Brands Innovations's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fortune Brands Innovations (FBIN)
Fortune Brands Innovations (FBIN) is a diversified manufacturer and marketer of home and security products, primarily serving residential home repair, remodeling, new construction, and general security applications. The company's extensive product portfolio is designed to enhance various areas of the home, both indoors and outdoors, while also providing robust security solutions.
FBIN's business is structured into three main segments. The Plumbing segment offers a comprehensive range of water-related products, including faucets, kitchen sinks, accessories, and waste disposals, sold under popular brands such as Moen, ROHL, and Riobel. Its Cabinets segment specializes in manufacturing custom, semi-custom, and stock cabinetry, alongside vanities, for kitchens, bathrooms, and other living spaces, featuring brands like Omega and Kitchen Craft. These products reach customers through various channels, including wholesalers, home centers, dealers, and builders across North America, and globally for plumbing items.
The Outdoors & Security segment focuses on both exterior home products and comprehensive security solutions. Key outdoor offerings include entry door systems (Therma-Tru), storm and screen doors (Larson), composite decking and railing (Fiberon), and urethane millwork (Fypon). For security, FBIN provides locks and safety devices through brands like Master Lock and American Lock, as well as fire-resistant safes and security containers from SentrySafe. This segment serves a broad customer base, ranging from home centers and retailers to specialty dealers, locksmiths, and industrial users across North America, Europe, Australia, and parts of Asia.
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Here are a few analogies for Fortune Brands Innovations (FBIN):
- A Procter & Gamble for home improvement and security products.
- Like Newell Brands, but focused on durable goods for your home, from plumbing fixtures to doors and locks.
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- Plumbing Fixtures and Components: Manufactures and sells a range of faucets, kitchen sinks, accessories, and waste disposals for residential use.
- Entry and Storm Doors: Offers fiberglass, steel, storm, screen, and security doors for residential applications.
- Outdoor Living and Millwork Products: Provides composite decking, railing, and urethane millwork for enhancing outdoor spaces.
- Security Hardware: Produces locks, safety and security devices, and electronic security products.
- Safes and Commercial Security Solutions: Manufactures fire-resistant safes, security containers, and commercial cabinets for secure storage.
- Kitchen and Bath Cabinetry: Supplies custom, semi-custom, and stock cabinets and vanities for various home applications.
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Major Customers of Fortune Brands Innovations (FBIN)
Fortune Brands Innovations (FBIN) primarily sells its products to other companies rather than directly to individuals. Based on the company description, its major customer categories are:
- Large Retailers and Home Centers: This includes entities such as home centers, mass merchandisers, hardware stores, and other retailers. These customers sell FBIN's plumbing fixtures, outdoor products, security devices, and cabinets directly to consumers and contractors for residential repair, remodeling, and new construction projects.
- Wholesale Distributors and Specialty Dealers: FBIN sells to wholesalers, industrial distributors, millwork building products distributors, and specialty dealers (including kitchen and bath dealers). These companies purchase FBIN's products in bulk and distribute them to smaller retailers, contractors, and builders.
- Builders, Contractors, and Institutional/Industrial Users: This category encompasses direct sales to builders (especially for cabinets), contractors involved in remodeling and renovation markets, locksmiths, and other industrial and institutional users. Additionally, FBIN supplies original equipment manufacturers (OEMs) with components such as locks and security products.
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Nicholas Fink, Chief Executive Officer
Nicholas Fink was appointed CEO of Fortune Brands Innovations in January 2020. He has led the company's transformation, including the 2022 spin-off of its cabinets business, guided it through the COVID-19 pandemic, and has overseen 12 major acquisitions since joining Fortune Brands in 2015. Prior to his CEO role, Fink served as Chief Operating Officer of Fortune Brands and President of the Global Plumbing Group. Before joining Fortune Brands in 2015, he held several management positions at Beam Suntory, Inc., including President of Asia Pacific and South America. He was also a partner in a corporate practice group at a law firm. Fink serves on the Board of Directors for Constellation Brands.
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. He brings nearly a decade of experience as a public company CFO, having held financial leadership roles at Pactiv Evergreen and Valaris. Before becoming a CFO in 2015, Baksht held leadership positions at Valaris and spent seven years in investment banking with Goldman Sachs. His career began with Andersen Consulting.
David Barry, President, Security and Connected Products
David Barry is the President of Security and Connected Products for Fortune Brands Innovations, a role he assumed in January 2025. Previously, Barry served as Fortune Brands' Chief Financial Officer from March 2023 to May 2025. From 2017 to 2021, he was the Chief Financial Officer and Senior Vice President for the company's Water segment. He joined Fortune Brands in 2015 as Senior Director of Financial Planning and Analysis, Strategic Planning and Business Development. Prior to his time at Fortune Brands, Barry held various senior financial roles at J.M. Huber Corporation.
Ron Wilson, Executive Vice President, Chief Supply Chain Officer
Ron Wilson serves as Executive Vice President and Chief Supply Chain Officer for Fortune Brands Innovations. In this role, he is responsible for driving operations across the company, including strategic sourcing, manufacturing efficiency, distribution, planning, and logistics. Wilson joined the Water Innovations team (formerly the Global Plumbing Group) in November 2019 as Senior Vice President of Global Operations. Before joining Fortune Brands, he spent over 30 years at General Electric in both commercial and operations capacities, including Vice President of Operations for GE Lighting and Chief Procurement Officer for GE Corporate. He also led operations integration for ABB after GE's Industrial Solutions business was divested to them in 2018.
John Lee, Executive Vice President, Chief Digital and Innovation Officer
John Lee holds the position of Executive Vice President, Chief Digital and Innovation Officer at Fortune Brands Innovations. In this role, he leads product development and oversees digital technology and data analytics teams. Lee has been with the company for over 13 years, having previously held various strategy, development, and digital positions. Prior to joining Fortune Brands, he worked as a management consultant with Bain & Company, serving a diverse range of industries.
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The key risks to Fortune Brands Innovations (FBIN) primarily revolve around its susceptibility to macroeconomic factors, challenges in its global supply chain, and intense competition within its operating segments.
- Sensitivity to Housing Market and Economic Conditions: Fortune Brands Innovations' performance is closely tied to the health of the residential housing market, including new construction, repair, and remodeling activity, as well as broader consumer spending and interest rates. Economic slowdowns, higher interest rates, and reduced consumer confidence directly impact demand for the company's plumbing, outdoor living, security, and cabinet products. A significant portion of the company's revenue (88% as of early 2025) is generated in North America, further concentrating this risk.
- Supply Chain and Cost Pressures: The company faces ongoing risks related to its global supply chain, including potential disruptions, increased manufacturing costs, and volatility in commodity and energy prices. Tariffs and trade disputes also pose a risk by potentially straining FBIN's cost structure and supply chain operations. These factors can lead to margin pressure and impact profitability.
- Intense Competition and Rapid Technological Change: Fortune Brands Innovations operates in highly competitive markets across its segments, facing both established players and new entrants. The increasing push towards smart home technology and eco-friendly products necessitates continuous investment in innovation and technology adoption to maintain market leadership and competitive advantage. Failure to keep pace with technological advancements or competitive offerings could impact market share and financial performance.
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Fortune Brands Innovations (FBIN) Addressable Markets:
- Plumbing Fixtures: The global plumbing fixtures market size was estimated at approximately USD 98.44 billion in 2025 and is predicted to reach around USD 152.11 billion by 2035. The North America plumbing fixtures market held a significant share of 41.8% of the global market in 2023.
- Doors: The North America doors market was valued at USD 41.01 billion in 2025 and is anticipated to grow to USD 59.54 billion by 2034. More specifically, the North America steel door market was valued at USD 4.4 billion in 2023 and is projected to reach USD 6.3 billion by 2032.
- Composite Decking and Railing: The global composite railing and decking market size was valued at USD 4.25 billion in 2024 and is projected to reach USD 12.64 billion by 2033. North America is the largest market for composite decks and railings, holding approximately 60% of the global market share.
- Security Products (including locks, safety and security devices, electronic security products, fire resistant safes): The global security market size was valued at USD 156.82 billion in 2025 and is projected to grow to USD 306.7 billion by 2034. North America accounts for approximately 34% of the global security market share.
- Cabinets (kitchen, bath, and other parts of the home): The global cabinets market size was estimated at USD 190.54 billion in 2025 and is projected to reach USD 322.51 billion by 2033. The U.S. and Canada kitchen cabinet and countertop market size was valued at USD 394 billion in 2024 and is projected to grow to USD 536.98 billion by 2033. Demand for residential cabinets in the U.S. is forecast to rise to USD 23 billion in 2026.
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Expected Drivers of Future Revenue Growth for Fortune Brands Innovations (FBIN)
- Market Share Gains and Outperformance of End Markets: Fortune Brands Innovations has consistently demonstrated its ability to gain market share and outperform its overall end markets. This trend is expected to continue, contributing to revenue growth over the next 2-3 years, particularly as the company focuses on its core markets outside of China. The Water segment, for instance, has maintained strong market share with builders and seen growth in its luxury platform, House of Rohl.
- New Product Launches and Expansion of Digital/Connected Products: The company's strategic focus on innovation, especially in digital and connected products, is a key growth driver. New product launches, such as the Yale Smart Lock with Matter and the innovative showering product from Moen, which was named to TIME's "Best Inventions" list for 2025, are expected to drive volume growth. Investments in a digital factory and connected products across the home and beyond are anticipated to further advance revenue opportunities.
- Strategic Pricing Actions: Fortune Brands Innovations has effectively utilized pricing actions to mitigate headwinds such as tariffs and higher manufacturing costs. These strategic pricing adjustments, demonstrated by increased sales in the Security segment due to higher pricing and volume growth, are expected to continue supporting revenue expansion.
- Recovery in Housing Demand and Market Conditions: While recent market conditions have been challenging, there is an expectation among analysts and the company that a medium-term recovery in housing demand will serve as a significant revenue driver. As interest rates potentially decline and home equity remains healthy, the company is well-positioned to benefit from this eventual market stabilization due to its existing market share gains and builder partnerships.
- Strategic Investments in Brand, Innovation, and Channel: Fortune Brands Innovations is making targeted investments in brand and marketing, innovation, and channel strategies. These investments are aimed at enhancing capabilities in areas such as marketing and consumer insights, fostering stronger relationships with key retailers like Lowe's, and ultimately driving revenue growth.
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Capital Allocation Decisions for Fortune Brands Innovations (FBIN)
Share Repurchases
- In full-year 2023, Fortune Brands Innovations repurchased $150 million of shares, including $20 million in the fourth quarter.
- On January 29, 2024, the Board of Directors authorized the repurchase of up to $650 million of shares over the next two years. This was in addition to $435 million remaining from a prior authorization expiring March 1, 2024.
- As of February 2026, the company continued share repurchases, buying 200,512 shares, with approximately $827.2 million remaining authorized.
Capital Expenditures
- Fortune Brands Innovations' capital expenditures were $214 million in 2021, $246 million in 2022, $256 million in 2023, $193 million in 2024, and $112 million in 2025.
- Projected capital expenditures are $204 million for 2026, $211 million for 2027, and $218 million for 2028.
- The company focuses its investments on profitable organic growth initiatives, including brand building, meaningful innovation, and developing its digital strategy to become a leader in its industry.
Peer Outperformance in Building Products
FBIN has trailed 79% of its 33 Building Products peers over 5Y. Among the peers that beat it are GFF, BCC and OC. Building Products ranks 11th of 23 industries in Industrials by median 5Y return.
Share of Building Products constituents that FBIN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
29%
of 38 industry peers · -24.3% return
3Y
25%
of 36 industry peers · -33.5% return
5Y
21%
of 33 industry peers · -47.0% return
Building Products peers with revenue growth within 4pp of FBIN's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| FBIN | Fortune Brands Innovations | -0.9% | 31.6x | -24.3% | -33.5% | -47.0% | — |
| GFF | Griffon | 1.6% | 24.2x | 31.5% | 152.8% | 386.9% | +434pp |
| BCC | Boise Cascade | -3.3% | 25.7x | 1.2% | -17.0% | 75.8% | +123pp |
| OC | Owens-Corning | 2.6% | -14.8x | -11.2% | -3.4% | 48.9% | +96pp |
| MAS | Masco | -2.5% | 15.5x | -0.4% | 35.7% | 34.1% | +81pp |
| LPX | Louisiana-Pacific | -3.2% | 86.5x | -20.0% | 26.2% | 12.0% | +59pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Building Products is FBIN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 4.3% | 110.6% | 183.4% | FIX 2185% · STRL 2110% · CDNL 2055% |
| Marine Transportation | 9 | 72.3% | 97.9% | 148.9% | HOS 43005% · ASC 465% · MATX 188% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 5.4% | 46.5% | 121.9% | CAT 348% · ALSN 240% · WAB 229% |
| Aerospace & Defense | 55 | -7.5% | 70.5% | 76.3% | ATI 980% · FTAI 863% · HWM 615% |
| Rail Transportation | 7 | 19.3% | 61.1% | 50.3% | FSTR 137% · CSX 64% · RAIL 53% |
| Trading Companies & Distributors | 19 | 4.4% | 36.4% | 47.5% | DXPE 535% · AIT 278% · WCC 217% |
| Industrial Machinery & Supplies & Components | 72 | 11.1% | 53.8% | 43.7% | CRS 1139% · PSIX 1112% · EROC 624% |
| Diversified Support Services | 33 | 16.3% | 34.2% | 31.9% | LIME 3297% · TH 422% · WLFC 352% |
| Cargo Ground Transportation | 16 | 33.0% | -0.3% | 24.8% | XPO 234% · R 212% · CVLG 133% |
| Electrical Components & Equipment | 41 | 7.0% | 58.4% | 22.0% | POWL 2282% · BE 1336% · VRT 954% |
| Building Products ← | 34 | -12.4% | 2.4% | 18.2% | LMB 633% · GFF 387% · PPIH 315% |
| Industrial Conglomerates | 17 | 9.4% | 5.0% | -3.2% | RCMT 504% · CSW 136% · DD 72% |
| Passenger Ground Transportation | 3 | -32.0% | 44.0% | -5.1% | UBER 47% · CAR -5% · LYFT -73% |
| Agricultural & Farm Machinery | 17 | 4.5% | 0.8% | -8.1% | BLBD 173% · DE 109% · GENC 55% |
| Environmental & Facilities Services | 30 | -15.4% | 19.5% | -8.6% | CECO 895% · ADUR 437% · GEO 335% |
| Research & Consulting Services | 13 | -16.9% | -26.7% | -14.0% | HURN 201% · CRAI 76% · GRNQ 69% |
| Data Processing & Outsourced Services | 6 | -34.1% | -15.1% | -29.8% | EXLS 40% · BR 7% · G -27% |
| Passenger Airlines | 11 | 19.0% | 22.6% | -33.2% | LTM 2741% · UAL 132% · DAL 101% |
| Office Services & Supplies | 9 | 15.7% | 19.6% | -36.0% | PBI 161% · TILE 138% · HNI 49% |
| Air Freight & Logistics | 12 | -20.3% | -22.2% | -39.1% | CHRW 85% · FDX 74% · EXPD 60% |
| Human Resource & Employment Services | 21 | 4.2% | -19.7% | -39.1% | BBSI 66% · ADP 46% · PAYX 9% |
| Security & Alarm Services | 10 | -22.8% | 22.3% | -45.9% | CIX 157% · MG 114% · NL 73% |
| Airport Services | 3 | -75.0% | -78.5% | -68.2% | JOBY -37% · ASLE -68% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 56.82 |
| Mkt Cap | 9.0 |
| Rev LTM | 4,340 |
| Op Inc LTM | 750 |
| FCF LTM | 536 |
| FCF 3Y Avg | 524 |
| CFO LTM | 633 |
| CFO 3Y Avg | 652 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.0% |
| Rev Chg 3Y Avg | -1.5% |
| Rev Chg Q | -0.2% |
| QoQ Delta Rev Chg LTM | -0.0% |
| Op Inc Chg LTM | -5.0% |
| Op Inc Chg 3Y Avg | 5.6% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 16.2% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 14.0% |
| FCF/Rev LTM | 11.9% |
| FCF/Rev 3Y Avg | 8.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.0 |
| P/S | 1.4 |
| P/Op Inc | 10.0 |
| P/EBIT | 12.6 |
| P/E | 21.1 |
| P/CFO | 10.0 |
| Total Yield | 6.1% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 5.8% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water | 2,448 | 2,565 | 2,562 | 2,570 | 2,761 |
| Outdoors | 1,323 | 1,350 | 1,341 | 1,517 | 1,416 |
| Security | 693 | 694 | 723 | 635 | 623 |
| Total | 4,463 | 4,609 | 4,626 | 4,723 | 4,801 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water | 542 | 595 | 574 | 615 | 630 |
| Outdoors | 84 | 198 | 134 | 194 | 205 |
| Security | 80 | 100 | 62 | 95 | 87 |
| Unallocated Expenses | -190 | -156 | -155 | -130 | -110 |
| Total | 516 | 738 | 615 | 774 | 811 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water | 3,463 | 3,539 | 3,492 | 2,674 | 2,615 |
| Outdoors | 2,072 | 2,169 | 2,205 | 2,215 | 2,042 |
| Security | 669 | 650 | 721 | 605 | 577 |
| Corporate | 316 | 204 | 146 | 626 | 212 |
| Total | 6,521 | 6,562 | 6,565 | 6,121 | 5,446 |
Price Behavior
Price Behavior
| Market Price | $39.38 | |
| Market Cap ($ Bil) | 4.7 | |
| First Trading Date | 10/04/2011 | |
| Distance from 52W High | -37.8% | |
| 50 Days | 200 Days | |
| DMA Price | $45.54 | $46.11 |
| DMA Trend | down | down |
| Distance from DMA | -13.5% | -14.6% |
| 3M | 1YR | |
| Volatility | 40.8% | 47.3% |
| Downside Capture | 338.86 | 167.97 |
| Upside Capture | 177.03 | 104.46 |
| Correlation (SPY) | 49.8% | 42.2% |
FBIN Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.95 | 1.39 | 1.75 | 1.86 | 1.53 | 1.29 |
| Up Beta | 1.49 | 0.27 | 1.66 | 2.25 | 2.32 | 1.45 |
| Down Beta | 0.58 | 0.88 | 1.14 | 1.52 | 1.45 | 1.08 |
| Up Capture | 117% | 103% | 263% | 152% | 93% | 116% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 31 | 55 | 110 | 352 |
| Down Capture | 436% | 291% | 163% | 187% | 134% | 109% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 33 | 72 | 140 | 398 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBIN | |
|---|---|---|---|---|
| FBIN | -25.3% | 47.2% | -0.47 | - |
| Sector ETF (XLI) | 13.0% | 17.2% | 0.54 | 56.4% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 42.6% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 9.6% |
| Commodities (DBC) | 44.3% | 20.7% | 1.66 | -32.0% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 34.5% |
| Bitcoin (BTCUSD) | -25.9% | 44.8% | -0.54 | 3.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBIN | |
|---|---|---|---|---|
| FBIN | -13.1% | 37.9% | -0.28 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 66.8% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 59.3% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 8.2% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | -1.8% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 58.2% |
| Bitcoin (BTCUSD) | 12.2% | 52.6% | 0.41 | 21.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBIN | |
|---|---|---|---|---|
| FBIN | -1.7% | 35.8% | 0.05 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 68.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 63.8% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 8.0% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 11.7% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 58.4% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 15.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -0.8% | -5.2% | -18.2% |
| 5/7/2026 | -2.8% | -7.5% | 1.7% |
| 2/12/2026 | -17.6% | -12.4% | -29.1% |
| 10/30/2025 | 4.1% | 1.2% | 5.9% |
| 7/31/2025 | 2.4% | 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 11 |
| # Negative | 13 | 13 | 12 |
| Median Positive | 1.5% | 4.2% | 4.7% |
| Median Negative | -4.0% | -3.8% | -6.9% |
| Max Positive | 5.9% | 7.8% | 20.6% |
| Max Negative | -17.6% | -12.4% | -29.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -0.8% | -5.2% | -18.2% |
| 5/7/2026 | -2.8% | -7.5% | 1.7% |
| 2/12/2026 | -17.6% | -12.4% | -29.1% |
| 10/30/2025 | 4.1% | 1.2% | 5.9% |
| 7/31/2025 | 2.4% | 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% |
| 10/25/2023 | 1.2% | 4.7% | 20.6% |
| 7/27/2023 | -4.6% | -7.1% | -12.0% |
| 4/26/2023 | 5.9% | 6.0% | 4.4% |
| 1/23/2023 | -0.3% | -2.9% | -1.6% |
| 10/26/2022 | 1.0% | -1.7% | 14.7% |
| 7/27/2022 | 3.6% | -0.3% | 0.6% |
| 4/28/2022 | -6.3% | -4.0% | -7.0% |
| 2/2/2022 | -4.2% | -1.8% | -10.4% |
| 10/26/2021 | 1.7% | 4.0% | 8.6% |
| 7/28/2021 | 0.3% | 2.6% | 3.8% |
| 4/29/2021 | 0.1% | 4.5% | -1.4% |
| 2/2/2021 | -1.9% | 3.2% | -7.1% |
| 10/28/2020 | 0.6% | 7.8% | 4.7% |
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 11 |
| # Negative | 13 | 13 | 12 |
| Median Positive | 1.5% | 4.2% | 4.7% |
| Median Negative | -4.0% | -3.8% | -6.9% |
| Max Positive | 5.9% | 7.8% | 20.6% |
| Max Negative | -17.6% | -12.4% | -29.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/23/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/23/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/28/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/24/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/5/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash flow from operations | Reported | 495.00 Mil | 512.50 Mil | 530.00 Mil | 4.1% | Raised | Guidance: 492.50 Mil for 2026 | |
| 2026 Net sales | Reported | |||||||
| 2026 Net tariff refund benefit to Operating Income | Reported | 81.00 Mil | ||||||
| 2026 Operating Margin before charges / gains | Reported | 14.0% | 14.5% | 15.0% | 0.5% | Raised | Guidance: 14.0% for 2026 | |
| 2026 Interest Expense | Reported | 108.00 Mil | 110.00 Mil | 112.00 Mil | -2.2% | Lowered | Guidance: 112.50 Mil for 2026 | |
| 2026 Tax Rate | Reported | 24.0% | 24.25% | 24.5% | 0.0% | Affirmed | Guidance: 24.25% for 2026 | |
| 2026 EPS before charges / gains | Reported | 3.22 | 3.37 | 3.52 | 7.0% | Raised | Guidance: 3.15 for 2026 | |
| 2026 Net tariff refund benefit to EPS | Reported | 0.52 | ||||||
| 2026 Capex | Reported | 110.00 Mil | 117.50 Mil | 125.00 Mil | 0.0% | Affirmed | Guidance: 117.50 Mil for 2026 | |
| 2026 Free cash flow | Reported | 370.00 Mil | 395.00 Mil | 420.00 Mil | 5.3% | Raised | Guidance: 375.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash flow from operations | Reported | 475.00 Mil | 492.50 Mil | -10.5% | Lowered | Guidance: 550.00 Mil for 2026 | ||
| 2026 Net sales | Reported | -0.04 | -0.03 | -4.0% | Lowered | Guidance: 0.01 for 2026 | ||
| 2026 Operating margin before charges / gains | Reported | 13.5% | 14.0% | -1.0% | Lowered | Guidance: 15.0% for 2026 | ||
| 2026 Interest Expense | Reported | 110.00 Mil | 112.50 Mil | 0.0% | Affirmed | Guidance: 112.50 Mil for 2026 | ||
| 2026 Tax Rate | Reported | 24.0% | 24.25% | 0.0% | Affirmed | Guidance: 24.25% for 2026 | ||
| 2026 EPS before charges / gains | Reported | 3 | 3.15 | -10.0% | Lowered | Guidance: 3.5 for 2026 | ||
| 2026 Share Count | Reported | 120.00 Mil | 120.25 Mil | 0.0% | Affirmed | Guidance: 120.25 Mil for 2026 | ||
| 2026 Capex | Reported | 110.00 Mil | 117.50 Mil | -6.0% | Lowered | Guidance: 125.00 Mil for 2026 | ||
| 2026 Free cash flow | Reported | 350.00 Mil | 375.00 Mil | -11.8% | Lowered | Guidance: 425.00 Mil for 2026 | ||
Q4 2025 Earnings Reported 2/12/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Cash flow from operations | Reported | 540.00 Mil | 550.00 Mil | 560.00 Mil | 2.8% | Raised | Guidance: 535.00 Mil for 2025 | |
| 2026 Corporate expense | Reported | 155.00 Mil | 160.00 Mil | 165.00 Mil | ||||
| 2026 Net sales | Reported | 0 | 0.01 | 0.02 | 1.0% | Raised | Guidance: 0 for 2025 | |
| 2026 Water Innovations net sales | Reported | 0 | 0.01 | 0.02 | ||||
| 2026 Outdoors net sales | Reported | -0.01 | 0.01 | 0.01 | ||||
| 2026 Security net sales | Reported | 0 | 0.01 | 0.03 | ||||
| 2026 Operating margin before charges / gains | Reported | 14.5% | 15.0% | 15.5% | ||||
| 2026 Water Innovations operating margin before charges / gains | Reported | 22.0% | 22.5% | 23.0% | ||||
| 2026 Outdoors operating margin before charges / gains | Reported | 11.5% | 12.0% | 12.5% | ||||
| 2026 Security operating margin before charges / gains | Reported | 15.5% | 16.0% | 16.5% | ||||
| 2026 Interest expense | Reported | 110.00 Mil | 112.50 Mil | 115.00 Mil | ||||
| 2026 Tax rate | Reported | 24.0% | 24.25% | 24.5% | ||||
| 2026 EPS before charges / gains | Reported | 3.35 | 3.5 | 3.65 | -6.7% | Lowered | Guidance: 3.75 for 2025 | |
| 2026 Share count | Reported | 120.00 Mil | 120.25 Mil | 120.50 Mil | ||||
| 2026 Capex | Reported | 110.00 Mil | 125.00 Mil | 140.00 Mil | 0.0% | Affirmed | Guidance: 125.00 Mil for 2025 | |
| 2026 Free cash flow | Reported | 400.00 Mil | 425.00 Mil | 450.00 Mil | 3.7% | Raised | Guidance: 410.00 Mil for 2025 | |
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Cash flow from operations | Reported | 530.00 Mil | 535.00 Mil | -17.7% | Lowered | Guidance: 650.00 Mil for 2025 | ||
| 2025 Net sales | Reported | -0.02 | -0.01 | 0.0% | Affirmed | Guidance: -0.01 for 2025 | ||
| 2025 EPS before charges / gains | Reported | 3.7 | 3.75 | -2.6% | Lowered | Guidance: 3.85 for 2025 | ||
| 2025 Capex | Reported | 120.00 Mil | 125.00 Mil | -10.7% | Lowered | Guidance: 140.00 Mil for 2025 | ||
| 2025 Free cash flow | Reported | 400.00 Mil | 410.00 Mil | -19.6% | Lowered | Guidance: 510.00 Mil for 2025 | ||
Insider Activity
Updated 8/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Singh, Jesse G | Chief Executive Officer | Direct | Buy | 8102026 | 50.93 | 19,560 | 996,261 | 2,000,926 | Form |
| 2 | Novak, Matthew Edward | EVP, Chief Supply Chain | Direct | Sell | 8102026 | 51.13 | 600 | 30,678 | 524,082 | Form |
| 3 | Singh, Jesse G | Chief Executive Officer | Direct | Buy | 8102026 | 51.66 | 19,725 | 1,019,081 | 1,019,081 | Form |
| 4 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 6112026 | 40.60 | 320,067 | 12,994,720 | 159,973,500 | Form | |
| 5 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 5212026 | 34.89 | 57,400 | 2,002,686 | 126,307,627 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Singh, Jesse G | Chief Executive Officer | Direct | Buy | 8102026 | 50.93 | 19,560 | 996,261 | 2,000,926 | Form |
| 2 | Novak, Matthew Edward | EVP, Chief Supply Chain | Direct | Sell | 8102026 | 51.13 | 600 | 30,678 | 524,082 | Form |
| 3 | Singh, Jesse G | Chief Executive Officer | Direct | Buy | 8102026 | 51.66 | 19,725 | 1,019,081 | 1,019,081 | Form |
| 4 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 6112026 | 40.60 | 320,067 | 12,994,720 | 159,973,500 | Form | |
| 5 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 5212026 | 34.89 | 57,400 | 2,002,686 | 126,307,627 | Form | |
| 6 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 5202026 | 33.28 | 5,900 | 196,352 | 118,568,886 | Form | |
| 7 | Garden, Edward P | Held by GI SPV II L.P. and Green 73 LLC | Buy | 5202026 | 33.40 | 403,000 | 13,460,200 | 118,799,358 | Form | |
| 8 | Novak, Matthew Edward | EVP, Chief Supply Chain | Direct | Sell | 9022025 | 58.47 | 342 | 19,997 | 198,101 | Form |
| 9 | Fink, Nicholas I | Chief Executive Officer | Direct | Sell | 8192025 | 58.72 | 1,522 | 89,366 | 5,703,614 | Form |
| 10 | Fink, Nicholas I | Chief Executive Officer | Direct | Sell | 8192025 | 59.04 | 29,792 | 1,758,979 | 10,664,461 | Form |
Investor Activity (13F)
Updated Sep 27, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
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Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/26/2026