Fortune Brands Innovations, Inc.FBIN
NYSE•Industrials•Building Products & Equipment
Fortune Brands Innovations, Inc. provides home, security, and digital products for residential home repair, remodeling, new construction, and security applications in the United States and internationally. It operates through three segments: Water, Outdoors, and Security. The Water segment manufactures, assembles, and sells faucets, accessories, hardware, kitchen sinks, and waste disposals, under the Moen, ROHL, Riobel, Victoria+Albert, Perrin & Rowe, Aqualisa, Shaws, Emtek, Schaub, and SpringWell brands. Its Outdoors segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand; storm, screen, and security doors under the Larson brand; composite decking, railing and cladding under the Fiberon brand; urethane millwork under the Fypon brand; and wide-opening exterior door systems and outdoor enclosures under the Solar Innovations brand. The Security segment offers locks, safety and security devices, connected and mechanical lock out tag out solutions, and electronic security under the Master Lock, American Lock, and Yale and August brands; and fire-resistant safes, security containers, and commercial cabinets under the SentrySafe brand. The company sells its products through various sales channels, including kitchen and bath dealers; wholesalers oriented toward builders or professional remodelers; industrial and locksmith distributors; do-it-yourself remodeling-oriented home centers; showrooms; e-commerce; and other retail outlets. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.
Fortune Brands Innovations, Inc (FBIN) reported trailing twelve months revenue of $4.44B as of March 2026, a 2.0% decline year-over-year. Quarterly revenue reached $1.01B, reflecting a contraction in sales.
Fortune Brands Innovations, Inc generated $271.60M in TTM net income, with quarterly EBITDA of $102.20M. The operating margin contracted from 9.4% to 6.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (6.0%) and net margin (2.4%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 5.0% a year ago, reflecting increased costs or interest expense.
FBIN trades at a P/E of 17.9x (in line with broad market averages) and a P/S of 1.1x. The price-to-book ratio of 2.1x reflects a moderate premium to book value.
The company reported negative free cash flow of $-139.50M, indicating cash consumption over the period. The balance sheet shows $6.55B in total assets with $2.71B in long-term debt against $2.36B in stockholders equity for a debt-to-equity ratio of 1.2. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~12.7% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE averages 16.3% but has fluctuated — the competitive advantage may be cyclical or emerging.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 28.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 0.4x on average — earnings are well-supported by cash generation.
D/E ratio is 1.2 — conservative capital structure with low financial risk.
Revenue declined in 7 of the last 7 quarters — persistent contraction signals a fundamental problem.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 4.2% — net buybacks are reducing shares outstanding and boosting per-share value.