Fortune Brands Innovations Inc - Understand $FBIN stock

$FBIN Market Cap: $9.606 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.675B

TTM

Gross Margin

42.61%

TTM

Net Earnings

$413.7M

TTM

Current Assets

$2.082B

Q2 2024

Current Liabilities

$1.548B

Q2 2024

Current Ratio

134.49%

Q2 2024

Total Assets

$6.674B

Q2 2024

Total Liabilities

$4.343B

Q2 2024

Book Value

$2.331B

Q2 2024

Cash

$352.6M

Q2 2024

P/E

23.22

Sep 06, 2024 EST

Free Cash Flow

$584.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$4.626B	$4.723B	$7.656B	$6.090B	$5.765B	$5.485B	$5.283B	$4.985B	$4.579B	$4.014B	$3.704B	$3.135B	$3.329B	$3.234B	$3.007B
YoY Change	-2.05%	-38.31%	25.71%	5.65%	5.1%	3.82%	5.99%	8.85%	14.1%	8.37%	18.14%	-5.82%	2.94%	7.54%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$4.626B	$4.723B	$7.656B	$6.090B	$5.765B	$5.485B	$5.283B	$4.985B	$4.579B	$4.014B	$3.704B	$3.135B	$3.329B	$3.234B	$3.007B
Cost Of Revenue	$2.715B	$2.790B	$4.909B	$3.926B	$3.712B	$3.526B	$3.358B	$3.189B	$2.998B	$2.647B	$2.409B	$2.093B	$2.332B	$2.177B	$2.102B
Gross Profit	$1.911B	$1.933B	$2.747B	$2.164B	$2.052B	$1.959B	$1.925B	$1.805B	$1.582B	$1.367B	$1.295B	$1.170B	$996.5M	$1.056B	$905.1M
Gross Profit Margin	41.32%	40.93%	35.88%	35.54%	35.6%	35.72%	36.44%	36.2%	34.54%	34.06%	34.97%	37.32%	29.94%	32.67%	30.1%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$1.168B	$1.078B	$1.579B	$1.283B	$1.256B	$1.241B	$1.197B	$1.136B	$1.048B	$943.3M	$938.7M	$873.1M	$900.6M	$834.3M	$809.0M
YoY Change	8.4%	-31.74%	23.11%	2.09%	1.2%	3.72%	5.41%	8.39%	11.06%	0.49%	7.51%	-3.05%	7.95%	3.13%
% of Gross Profit	61.13%	55.77%	57.48%	59.26%	61.21%	63.36%	62.18%	62.92%	66.22%	69.01%	72.48%	74.62%	90.38%	78.98%	89.38%
Research & Development	$64.60M	$62.00M	$65.60M	$49.90M	$48.20M	$50.30M	$50.70M	$53.10M	$48.70M	$46.10M	$50.80M	$41.70M	$35.10M	$33.40M
YoY Change	4.19%	-5.49%	31.46%	3.53%	-4.17%	-0.79%	-4.52%	9.03%	5.64%	-9.25%	21.82%	18.8%	5.09%
% of Gross Profit	3.38%	3.21%	2.39%	2.31%	2.35%	2.57%	2.63%	2.94%	3.08%	3.37%	3.92%	3.56%	3.52%	3.16%
Depreciation & Amortization	$168.8M	$126.5M	$125.0M	$121.5M	$111.3M	$113.5M	$98.60M	$94.60M	$93.50M	$82.90M	$77.20M	$90.20M	$97.10M	$95.90M	$131.1M
YoY Change	33.44%	1.2%	2.88%	9.16%	-1.94%	15.11%	4.23%	1.18%	12.79%	7.38%	-14.41%	-7.11%	1.25%	-26.85%
% of Gross Profit	8.83%	6.54%	4.55%	5.61%	5.42%	5.79%	5.12%	5.24%	5.91%	6.06%	5.96%	7.71%	9.74%	9.08%	14.48%
Operating Expenses	$1.231B	$1.078B	$1.579B	$1.283B	$1.305B	$1.292B	$1.248B	$1.189B	$1.096B	$989.4M	$73.10M	$102.4M	$120.7M	$33.90M	$825.1M
YoY Change	14.16%	-31.74%	23.11%	-1.68%	0.99%	3.53%	4.96%	8.42%	10.8%	1253.49%	-28.61%	-15.16%	256.05%	-95.89%
Operating Profit	$680.9M	$774.3M	$1.090B	$801.4M	$698.5M	$595.2M	$682.5M	$618.6M	$496.1M	$403.5M	$323.0M	$143.2M	-$15.60M	$198.4M	$80.00M
YoY Change	-12.06%	-28.99%	36.06%	14.73%	17.36%	-12.79%	10.33%	24.69%	22.95%	24.92%	125.56%	-1017.95%	-107.86%	148.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$116.5M	$119.2M	$84.40M	$83.90M	$94.20M	$74.50M	$49.40M	$49.10M	$31.90M	$10.40M	$7.200M	$8.500M	$3.200M	$300.0K	-$84.00M
YoY Change	-197.73%	41.23%	0.6%	-10.93%	26.44%	50.81%	0.61%	53.92%	206.73%	44.44%	-15.29%	165.63%	966.67%	-100.36%
% of Operating Profit	-17.11%	15.39%	7.74%	10.47%	13.49%	12.52%	7.24%	7.94%	6.43%	2.58%	2.23%	5.94%		0.15%	-105.0%
Other Income/Expense, Net	$19.50M	$12.00M	-$900.0K	$13.30M	-$29.00M	$16.30M	$1.700M	$12.60M	-$4.300M	-$1.200M	-$5.300M	$500.0K	-$1.600M	$1.000M	-$200.0K
YoY Change	62.5%	-1433.33%	-106.77%	-145.86%	-277.91%	858.82%	-86.51%	-393.02%	258.33%	-77.36%	-1160.0%	-131.25%	-260.0%	-600.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$517.9M	$667.1M	$1.005B	$730.8M	$575.3M	$537.0M	$634.8M	$582.1M	$459.9M	$391.9M	$310.5M	$77.00M	-$73.10M	$43.20M	-$30.10M
YoY Change	-22.37%	-33.63%	37.53%	27.03%	7.13%	-15.41%	9.05%	26.57%	17.35%	26.22%	303.25%	-205.34%	-269.21%	-243.52%
Income Tax	$112.4M	$127.2M	$232.7M	$168.8M	$144.0M	$147.0M	$159.5M	$169.7M	$153.4M	$118.3M	$101.5M	$26.90M	-$9.000M	$18.10M	$8.100M
% Of Pretax Income	21.7%	19.07%	23.15%	23.1%	25.03%	27.37%	25.13%	29.15%	33.36%	30.19%	32.69%	34.94%		41.9%
Net Earnings	$404.5M	$686.7M	$772.4M	$553.1M	$431.9M	$389.6M	$472.6M	$413.2M	$315.0M	$158.1M	$229.7M	$118.7M	-$35.60M	$63.80M	-$39.00M
YoY Change	-41.1%	-11.1%	39.65%	28.06%	10.86%	-17.56%	14.38%	31.17%	99.24%	-31.17%	93.51%	-433.43%	-155.8%	-263.59%
Net Earnings / Revenue	8.74%	14.54%	10.09%	9.08%	7.49%	7.1%	8.95%	8.29%	6.88%	3.94%	6.2%	3.79%	-1.07%	1.97%	-1.3%
Basic Earnings Per Share	$3.19	$5.27	$5.62	$3.99	$3.09	$2.69	$3.08	$2.68	$1.97	$0.98	$1.39	$0.74	-$0.23	$0.41
Diluted Earnings Per Share	$3.18	$5.23	$5.54	$3.94	$3.06	$2.66	$3.03	$2.62	$1.93	$0.95	$1.34	$0.71	-$0.23	$0.41	-$251.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$366.4M	$642.5M	$471.5M	$419.1M	$387.9M	$262.9M	$323.0M	$251.5M	$238.5M	$191.9M	$241.4M	$336.0M	$120.8M	$60.70M
YoY Change	-42.97%	36.27%	12.5%	8.04%	47.55%	-18.61%	28.43%	5.45%	24.28%	-20.51%	-28.15%	178.15%	99.01%
Cash & Equivalents	$366.4M	$642.5M	$471.5M	$419.1M	$387.9M	$262.9M	$323.0M	$251.5M	$238.5M	$191.9M	$241.4M	$336.0M	$120.8M	$60.70M
Short-Term Investments
Other Short-Term Assets	$155.8M	$274.8M	$193.5M	$187.3M	$166.9M	$172.6M	$142.6M	$111.9M	$121.3M	$186.1M	$254.3M	$153.0M	$150.3M	$127.3M
YoY Change	-43.3%	42.02%	3.31%	12.22%	-3.3%	21.04%	27.44%	-7.75%	-34.82%	-26.82%	66.21%	1.8%	18.07%
Inventory	$941.3M	$1.021B	$1.194B	$867.2M	$718.6M	$678.9M	$580.8M	$531.1M	$555.6M	$462.2M	$428.9M	$357.2M	$336.3M	$332.1M
Prepaid Expenses
Receivables	$534.2M	$521.8M	$885.7M	$734.9M	$624.8M	$571.7M	$555.3M	$550.7M	$502.6M	$458.9M	$402.8M	$381.7M	$346.1M	$374.2M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$571.7M
Total Short-Term Assets	$1.998B	$2.460B	$2.745B	$2.209B	$1.898B	$1.686B	$1.602B	$1.445B	$1.418B	$1.299B	$1.327B	$1.228B	$953.5M	$1.466B
YoY Change	-18.81%	-10.35%	24.27%	16.35%	12.58%	5.27%	10.83%	1.92%	9.15%	-2.13%	8.1%	28.78%	-34.96%
Property, Plant & Equipment	$975.0M	$902.6M	$1.201B	$1.088B	$989.8M	$813.4M	$740.0M	$662.5M	$627.9M	$539.8M	$468.3M	$509.4M	$525.8M	$550.0M
YoY Change	8.02%	-24.86%	10.45%	9.88%	21.69%	9.92%	11.7%	5.51%	16.32%	15.27%	-8.07%	-3.12%	-4.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$289.9M	$116.4M	$141.6M	$247.5M	$144.2M	$138.0M	$95.30M	$80.00M	$77.80M	$89.70M	$319.7M	$71.60M	$89.10M	$77.90M
YoY Change	149.05%	-17.8%	-42.79%	71.64%	4.49%	44.81%	19.13%	2.83%	-13.27%	-71.94%	346.51%	-19.64%	14.38%
Total Long-Term Assets	$4.526B	$3.661B	$5.192B	$5.150B	$4.393B	$4.279B	$3.910B	$3.683B	$3.458B	$2.754B	$2.851B	$2.646B	$2.684B	$2.792B
YoY Change	23.66%	-29.49%	0.81%	17.23%	2.68%	9.43%	6.15%	6.52%	25.56%	-3.4%	7.74%	-1.43%	-3.84%
Total Assets	$6.524B	$6.121B	$7.936B	$7.359B	$6.291B	$5.965B	$5.511B	$5.129B	$4.876B	$4.053B	$4.178B	$3.874B	$3.638B	$4.258B
YoY Change
Accounts Payable	$531.4M	$421.6M	$764.9M	$620.5M	$460.0M	$459.0M	$428.8M	$393.8M	$344.2M	$333.8M	$314.8M	$287.0M	$260.7M	$252.8M
YoY Change	26.04%	-44.88%	23.27%	34.89%	0.22%	7.04%	8.89%	14.41%	3.12%	6.04%	9.69%	10.09%	3.13%
Accrued Expenses	$602.0M	$494.5M	$768.4M	$38.50M	$33.10M					$316.6M	$356.8M		$314.3M	$320.7M
YoY Change	21.74%	-35.65%	1895.84%	16.31%						-11.27%			-2.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$800.0K	$0.00	$6.000M	$5.500M	$3.800M	$3.000M
YoY Change								-100.0%		-100.0%	9.09%	44.74%	26.67%
Long-Term Debt Due	$0.00	$599.2M	$400.0M	$0.00	$399.7M	$525.0M				$26.30M	$0.00	$22.50M	$17.50M	$0.00
YoY Change	-100.0%	49.8%		-100.0%	-23.87%						-100.0%	28.57%
Total Short-Term Liabilities	$1.159B	$1.545B	$1.971B	$1.345B	$1.409B	$1.492B	$906.8M	$842.8M	$757.9M	$699.6M	$738.7M	$632.4M	$597.8M	$576.5M
YoY Change	-24.94%	-21.63%	46.54%	-4.56%	-5.55%	64.55%	7.59%	11.2%	8.33%	-5.29%	16.81%	5.79%	3.69%
Long-Term Debt	$2.670B	$2.074B	$2.310B	$2.572B	$1.785B	$1.809B	$1.508B	$1.431B	$1.169B	$643.7M	$350.0M	$297.5M	$389.3M	$3.231B
YoY Change	28.72%	-10.2%	-10.2%	44.13%	-1.35%	19.99%	5.35%	22.45%	81.56%	83.91%	17.65%	-23.58%	-87.95%
Other Long-Term Liabilities	$289.9M	$278.1M	$414.5M	$505.4M	$512.4M	$320.9M	$329.1M	$328.1M	$293.6M	$295.9M	$238.9M	$335.3M	$322.2M	$239.6M
YoY Change	4.24%	-32.91%	-17.99%	-1.37%	59.68%	-2.49%	0.3%	11.75%	-0.78%	23.86%	-28.75%	4.07%	34.47%
Total Long-Term Liabilities	$2.960B	$2.352B	$2.724B	$3.078B	$2.297B	$2.130B	$1.837B	$1.759B	$1.462B	$939.6M	$588.9M	$632.8M	$711.5M	$3.470B
YoY Change	25.83%	-13.65%	-11.48%	33.98%	7.85%	15.96%	4.41%	20.3%	55.63%	59.55%	-6.94%	-11.06%	-79.5%
Total Liabilities	$4.231B	$4.034B	$4.871B	$4.583B	$3.865B	$3.786B	$2.912B	$2.767B	$2.425B	$1.793B	$1.529B	$1.493B	$1.517B	$4.318B
YoY Change	4.88%	-17.19%	6.29%	18.59%	2.07%	30.03%	5.24%	14.11%	35.21%	17.32%	2.4%	-1.6%	-64.86%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	126.9M	130.3M	137.5M	138.7M	139.9M	144.6M	153.2M	154.3M	159.5M shares	161.8M shares	165.5M shares	160.6M shares	155.2M shares	155.1M shares
Diluted Shares Outstanding	127.7M	131.3M	139.5M	140.2M	141.3M	146.4M	155.8M	157.8M	163.0M shares	166.3M shares	171.3M shares	166.1M shares	155.2M shares	155.1M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $9.6059 Billion

About Fortune Brands Innovations Inc

Fortune Brands Innovations, Inc. is an innovation and channel leader focused on supercharged categories in the home products, security, and commercial building markets. The company is headquartered in Deerfield, Illinois and currently employs 11,729 full-time employees. The company went IPO on 2011-09-16. Its Water Innovations segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposal, predominantly under the Moen, ROHL, Riobel, Victoria+Albert, Aqualisa and Shaws brands. Outdoors segment manufactures and sells fiberglass and steel entry door systems, storm, screen and security doors, 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. Security segment includes locks, safety and security devices, and electronic security products under the Master Lock and Yale brands, and fire-resistant safes, security containers under the SentrySafe brand. The Company, through SpringWell Water Filtration Systems, provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels.

Industry: Millwood, Veneer, Plywood, & Structural Wood Members Peers: Advanced Drainage Systems Inc Armstrong World Industries Inc Builders FirstSource Inc Carrier Global Corp Lennox International Inc Owens Corning Zurn Elkay Water Solutions Corp A O Smith Corp Trex Co Inc Ufp Industries Inc