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Fortune Brands Innovations, Inc. (FBIN) stock

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NYSE: FBIN NYSE Building Products Next results ~November 3, 2026

C+ Fundamentals grade

Fortune Brands Innovations, Inc. is a US-listed company in the building products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$45

Cash-flow model

Base case. Range ~$29–$67 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 3% above our base value.

Price used: $46.57, November 2, 2026

Fortune Brands Innovations, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Fortune Brands Innovations files

Where Fortune Brands Innovations stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.39bn, down 2.3% on a year earlier, about the same pace as a quarter earlier. That puts it 879 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 9.1%. Operating margin narrowed to 6.8% from 14.5%. The diluted share count is down 2.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 7 financial-health checks. Our cash-flow model value is $34.33 a share, against a share price of $40.62. At that price, our model says the market is pricing in about 4.0% a year of cash-flow growth for five years, faster than the -1.8% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Fortune Brands Innovations, Inc.'s trailing-twelve-month revenue fell 2.3% year on year, with a free-cash-flow margin of 9.1%. Where it stands out: gross margin of 45.9% ranks 5 of 43 building products companies we cover. Where it lags: long-term debt as % of assets of 40.2% ranks 31 of 37 building products companies we cover.

Our discounted-cash-flow model values the business at ~$45 per share in the base case (~$29–$67 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1.7% while net income fell 62.2%: a 64pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.7% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 2.3% over the last 12 months.
  • Margins narrowing. Operating margin is down 7.7 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 47% and a beta of 1.4 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 40.2% ranks 31 of 37 building products companies we cover (median 25.7%).
  • Short interest rising. Shares sold short rose 18% in a month to 8.7% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$1.35 against an average estimate of $0.82: beat by 63.8%
Revenue
$1.15bn, down 4.1% on a year earlier
Share reaction
+0.2% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
net tariff refund 1 benefit to EPS $0.52 (full year); net tariff refund 1 benefit to Operating Income $81m (full year)
Next report
November 3, 2026; average EPS estimate $0.74

Fortune Brands Innovations' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.1%
  • 1 week+8.2%
  • 1 month+20.8%
  • This year-5.2%
  • 1 year-6.2%
  • 5 years-41.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.4B
Operating margin
6.8%
Net margin
3.4%
EPS (TTM, diluted)
$1.24

Growth

Revenue growth
−2.3%
Change in growth rate
−0.3 pts
Share count change
−2.7%

Cash

Free cash flow (TTM)
$401M
FCF margin
9.1%
Stock pay % of revenue
0.3%

Earnings

Last results
August 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Leadership
  4. Insider trade
  5. Results
  6. Guidance
  7. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Fortune Brands Innovations, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 1.7% a year of cash-flow growth for five years.That is close to the -1.8% a year revenue growth Fortune Brands Innovations has delivered.

  • Priced in1.7%
  • Last 12 months-2.3%
  • 3 years a year-1.0%
  • 5 years a year-1.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($45.35, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$45
Price used
$45.35close November 3, 2026
Implied change
▲ +0%
Uncertainty
High

How we got here: a discounted-cash-flow model of Fortune Brands Innovations, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($477M, FY2026 Q2 TTM), growing 0.4% and 1.8% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$29–~$67 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Fortune Brands Innovations, Inc.'s free cash flow after stock-based pay ( $477M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Fortune Brands Innovations, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$45 ~$29–$67 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$52 ~$49–$68 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$41 ~$30–$57 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$41 ~$36–$48 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$45 ~$41–$52 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Fortune Brands Innovations, Inc. with Building Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −36%
  • Revenue growth 5 points higher ▲ +47%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▲ +5%
  • Discount rate 1 point higher ▼ −20%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $38$58$85$121$168$228
8.5% $24$39$59$84$118$161
10% $16$28$43$62$88$120

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$40.52$39.46$51.11$28.80$50.37$66.95$84.38$53.59$72.49$66.74$50.46$46.57
Market value$6.6bn$6.2bn$8.0bn$4.2bn$7.1bn$9.4bn$11.8bn$7.0bn$9.3bn$8.4bn$6.1bn$5.6bn
+ Net debt (− = net cash)$930m$1.2bn$1.2bn$2.6bn$2.2bn$2.2bn$2.7bn$2.6bn$2.3bn$2.8bn$2.3bn$2.3bn
Enterprise value$7.5bn$7.4bn$9.1bn$6.8bn$9.3bn$11.5bn$14.5bn$9.7bn$11.6bn$11.2bn$8.4bn$7.9bn
Multiples
Price / sales 1.4x1.2x1.5x0.8x1.2x2.6x2.5x1.5x2.0x1.8x1.4x1.3x
Price / earnings 21.0x15.1x16.9x10.8x16.5x17.0x15.2x10.2x22.9x17.8x20.5x37.6x
Price / free cash flow 22.0x12.4x18.3x9.3x14.1x13.9x24.8x22.0x11.6x17.7x16.7x14.0x
EV / EBITDA 12.8x10.4x11.7x9.6x11.5x16.7x15.4x10.7x16.0x13.0x13.2x19.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

67 /100

Moderate moat

How hard Fortune Brands Innovations's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Cash operating profit has been a median 11.2% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 39.2%, moving by 3.8 percentage points (standard deviation) across 10 years.

  • Durability 11 / 20

    Operating margin has been a median 13.4%; its worst year was 6.8%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 9.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 14.5% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (72 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $1.1bn and EPS of $0.74 (range $0.69 to $0.76) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.34 −8% $4.3bn −3%
Next $3.30 −1% $4.4bn +2%

Next year's EPS estimate has moved −9.4% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.9% on 90 days ago. In the last 30 days, 15 analysts raised Fortune Brands Innovations, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Fortune Brands Innovations, Inc., last 90 days
$3.00 $3.20 $3.40 $3.60 $3.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.18 Current fiscal year, 60 days ago: $3.35 Current fiscal year, 30 days ago: $3.35 Current fiscal year, 7 days ago: $3.34 Current fiscal year, Now: $3.34 $3.34 Next fiscal year, 90 days ago: $3.65 Next fiscal year, 60 days ago: $3.45 Next fiscal year, 30 days ago: $3.37 Next fiscal year, 7 days ago: $3.31 Next fiscal year, Now: $3.30 $3.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.18$3.65
60 days ago $3.35$3.45
30 days ago $3.35$3.37
7 days ago $3.34$3.31
Now $3.34$3.30

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.82 $1.35 +63.8%
Mar 2026 $0.53 $0.53 −0.3%
Dec 2025 $1.00 $0.86 −13.7%
Sept 2025 $1.11 $1.09 −1.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net tariff refund 1 benefit to EPS full year about $0.52
    “We expect net tariff refunds 1 to benefit full year Operating Income and EPS by $81 million and $0.52, respectively.” source
  • Net tariff refund 1 benefit to Operating Income full year about $81m
    “We expect net tariff refunds 1 to benefit full year Operating Income and EPS by $81 million and $0.52, respectively.” source
  • Cash flow from operations 2026 Full-Year $495m to $530m GAAP
    “$495 million to $530 million” source
  • Free cash flow 2026 Full-Year $370m to $420m Non-GAAP
    “$370 million to $420 million” source
  • Capex 2026 Full-Year $110m to $125m
    “$110 million to $125 million” source
  • Interest Expense 2026 Full-Year $108m to $112m
    “$108 million to $112 million” source
Show 1 more item
  • Share Count 2026 Full-Year 120m to 121m
    “120 million to 120.5 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Fortune Brands Innovations, Inc.'s revenue by +0.4% next year and +1.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-0.3%, weight 69%) and the company's own record (+2.0%, weight 31%) . How the weights are set.

Analyst recommendations

20 analysts, Oct 2026
Buy840%
Hold1155%
Sell15%

Monthly trend

  1. Oct 2026261120
  2. Sep 2026251018
  3. Aug 2026251018
  4. Jul 202631116

Counts of recommendations published by analysts covering Fortune Brands Innovations, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.7%
of tradable shares
Days to cover
4.1
at average volume
Short interest, 1 month
+18%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
10,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −6.2%

$49.62 on October 31, 2025 to $46.57

ThenNowEffect
Revenue (last 12 months) $4.5bn $4.4bn −2.3%
Net margin 8.8% 3.4% −61.3%
P/E multiple 15.6x 37.6x +141.4%
Share count 123m 120m +2.7%

Biggest factor: net margin.

Last 3 years −20.5%

$58.59 on November 3, 2023 to $46.57

ThenNowEffect
Revenue (last 12 months) $4.5bn $4.4bn −3.1%
Net margin 11.0% 3.4% −69.3%
P/E multiple 15.1x 37.6x +149.3%
Share count 129m 120m +7.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FBIN+26%−37%+35%−9%−25%−5%
Industry peers (median)+22%−24%+45%+12%−11%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FBIN50%33%42%42%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FBIN−20%−50%−27%−26%−40%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 62% from May 10, 2021 to May 19, 2026. Getting back needed a 166% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$32.96 – $63.30
From 52-week high
−26.4%
vs 50-day average
+13.2%
vs 200-day average
+4.4%
Volatility (1 year)
47%
Beta vs S&P 500
1.40

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.1%
After a week
4 up, 8 down
typical move ±5.9%
After a month
5 up, 7 down
typical move ±10.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +0.2% +1.6% −4.2% −17.3%
May 7, 2026 −4.9% +0.5% −9.4% −0.4%
February 12, 2026 −18.6% −1.5% −13.5% −30.0%
October 30, 2025 +2.1% −0.8% −0.7% +4.8%
July 31, 2025 +2.5% −2.0% +4.0% +7.9%
May 6, 2025 −11.3% −0.4% +3.9% −5.5%
February 6, 2025 −1.8% −0.6% −1.4% −7.2%
November 6, 2024 −7.6% +3.3% −12.0% −7.6%
July 25, 2024 +14.0% +0.6% +14.6% +18.2%
April 30, 2024 −5.5% −1.9% −3.2% −8.2%
January 30, 2024 −3.1% −1.7% −3.0% +1.9%
October 25, 2023 −2.1% −2.6% +1.3% +16.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Fortune Brands Innovations, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look rich

Option prices imply clearly more movement than the shares have shown. That strengthens the case for selling options.

  • Implied is 1.37× the last 60 days’ realised volatility , richer than 82% of the 229 stocks we screen today.
  • Why: implied is 1.37x 60-day realised, above 1-year realised, and in the top 20% of our coverage today.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

FBIN Fortune Brands Innovations, Inc. Grade C+ $46.59

Own 100 shares, sell the $47.50 call expiring December 18, 2026 (46 days) for $2.25 a share — $225 per contract.

Previous session · Bid $2.25, ask $3.00, quoted Mon 2 Nov, 17:23 New York time with FBIN at $46.59. Option prices move with the shares: check the live chain at your broker before trading.

  • If FBIN ends below $47.50: you keep your shares and the $225 — 4.8% extra on the position, 38.3% a year at that pace.
  • If it ends above $47.50: your shares are sold at $47.50, a total return of 6.8% including the premium — at or above our value of ~$45.
$316 $0 −$887 Break-even $44.34 Our value $45.00 Price $46.59
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$225
Annualised
38.3%
Break-even
$44.34
Max gain
$316
Chance of selling
~50%

Results are expected around October 29, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Fortune Brands Innovations, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Fortune Brands Innovations, Inc.
$4.3B $4.4B $4.5B $4.6B $4.7B $4.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $4.6B Revenue (TTM), FY23 Q4: $4.6B Revenue (TTM), FY24 Q1: $4.7B Revenue (TTM), FY24 Q2: $4.8B Revenue (TTM), FY24 Q3: $4.7B Revenue (TTM), FY24 Q4: $4.6B Revenue (TTM), FY25 Q1: $4.5B Revenue (TTM), FY25 Q2: $4.5B Revenue (TTM), FY25 Q3: $4.5B Revenue (TTM), FY25 Q4: $4.5B Revenue (TTM), FY26 Q1: $4.4B Revenue (TTM), FY26 Q2: $4.4B $4.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $4.6B
FY23 Q4 $4.6B
FY24 Q1 $4.7B
FY24 Q2 $4.8B
FY24 Q3 $4.7B
FY24 Q4 $4.6B
FY25 Q1 $4.5B
FY25 Q2 $4.5B
FY25 Q3 $4.5B
FY25 Q4 $4.5B
FY26 Q1 $4.4B
FY26 Q2 $4.4B
Revenue growth, TTM YoY Fortune Brands Innovations, Inc.
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -4.4% Revenue growth, TTM YoY, FY23 Q4: -2.0% Revenue growth, TTM YoY, FY24 Q1: 1.6% Revenue growth, TTM YoY, FY24 Q2: 5.3% Revenue growth, TTM YoY, FY24 Q3: 1.5% Revenue growth, TTM YoY, FY24 Q4: -0.4% Revenue growth, TTM YoY, FY25 Q1: -3.5% Revenue growth, TTM YoY, FY25 Q2: -5.8% Revenue growth, TTM YoY, FY25 Q3: -3.8% Revenue growth, TTM YoY, FY25 Q4: -3.2% Revenue growth, TTM YoY, FY26 Q1: -2.0% Revenue growth, TTM YoY, FY26 Q2: -2.3% -2.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -4.4%
FY23 Q4 -2.0%
FY24 Q1 1.6%
FY24 Q2 5.3%
FY24 Q3 1.5%
FY24 Q4 -0.4%
FY25 Q1 -3.5%
FY25 Q2 -5.8%
FY25 Q3 -3.8%
FY25 Q4 -3.2%
FY26 Q1 -2.0%
FY26 Q2 -2.3%
Operating margin (TTM) Fortune Brands Innovations, Inc.
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 14.4% Operating margin (TTM), FY23 Q4: 13.3% Operating margin (TTM), FY24 Q1: 13.6% Operating margin (TTM), FY24 Q2: 14.4% Operating margin (TTM), FY24 Q3: 14.9% Operating margin (TTM), FY24 Q4: 16.0% Operating margin (TTM), FY25 Q1: 15.0% Operating margin (TTM), FY25 Q2: 14.5% Operating margin (TTM), FY25 Q3: 12.8% Operating margin (TTM), FY25 Q4: 11.6% Operating margin (TTM), FY26 Q1: 10.8% Operating margin (TTM), FY26 Q2: 6.8% 6.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 14.4%
FY23 Q4 13.3%
FY24 Q1 13.6%
FY24 Q2 14.4%
FY24 Q3 14.9%
FY24 Q4 16.0%
FY25 Q1 15.0%
FY25 Q2 14.5%
FY25 Q3 12.8%
FY25 Q4 11.6%
FY26 Q1 10.8%
FY26 Q2 6.8%
FCF margin (TTM) Fortune Brands Innovations, Inc.
5% 10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 18.8% FCF margin (TTM), FY23 Q4: 17.3% FCF margin (TTM), FY24 Q1: 13.4% FCF margin (TTM), FY24 Q2: 10.4% FCF margin (TTM), FY24 Q3: 8.6% FCF margin (TTM), FY24 Q4: 10.3% FCF margin (TTM), FY25 Q1: 11.0% FCF margin (TTM), FY25 Q2: 8.8% FCF margin (TTM), FY25 Q3: 8.8% FCF margin (TTM), FY25 Q4: 8.2% FCF margin (TTM), FY26 Q1: 7.7% FCF margin (TTM), FY26 Q2: 9.1% 9.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 18.8%
FY23 Q4 17.3%
FY24 Q1 13.4%
FY24 Q2 10.4%
FY24 Q3 8.6%
FY24 Q4 10.3%
FY25 Q1 11.0%
FY25 Q2 8.8%
FY25 Q3 8.8%
FY25 Q4 8.2%
FY26 Q1 7.7%
FY26 Q2 9.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Fortune Brands Innovations took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.5B
  2. Cost of revenue $2.5B · 55.4%
  3. Gross profit $2B · 44.6%
  4. Selling, general and admin $1.3B · 29.0%
  5. Other operating costs $181M · 4.1%
  6. Operating income $516M · 11.6%
  7. Income tax $106M · 2.4%
  8. Interest and other $111M · 2.5%
  9. Net income $299M · 6.7%

Shares of revenue. Source: Fortune Brands Innovations's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3,007 3,234 3,329 3,135 3,704 4,014 4,579 4,985 5,283 5,485 5,765 3,621 4,801 4,723 4,626 4,609 4,463 4,392
Gross profit — — 997 1,170 1,295 1,367 1,582 1,805 1,925 1,959 2,052 2,164 1,961 1,933 1,911 2,066 1,989 2,018
EBITDA 169 294 82 233 400 486 590 713 781 709 810 689 936 901 722 858 635 400
Operating income 54 198 −16 143 323 404 496 619 683 595 699 568 811 774 615 738 516 299
Net income −39 64 −36 119 230 158 315 413 473 390 432 553 772 687 405 472 299 149
Diluted EPS −$0.25 $0.41 −$0.23 $0.71 $1.34 $0.95 $1.93 $2.62 $3.03 $2.66 $3.06 $3.94 $5.54 $5.23 $3.17 $3.75 $2.47 $1.24
Growth (year on year)
Revenue — +7.5% +2.9% −5.8% +18.1% +8.4% +14.1% +8.9% +6.0% +3.8% +5.1% −37.2% +32.6% −1.6% −2.0% −0.4% −3.2% −2.3%
EBITDA — +74.0% −72.3% +186.4% +71.5% +21.5% +21.2% +21.0% +9.5% −9.3% +14.3% −14.9% +35.8% −3.8% −19.9% +19.0% −26.0% −48.2%
Operating income — — −107.9% — +125.6% +24.9% +22.9% +24.7% +10.3% −12.8% +17.4% −18.7% +42.9% −4.5% −20.6% +20.0% −30.1% −54.2%
Net income — — — — +93.5% −31.2% +99.2% +31.2% +14.4% −17.6% +10.9% +28.1% +39.6% −11.1% −41.1% +16.7% −36.7% −62.2%
Diluted EPS — — — — +88.7% −29.1% +103.2% +35.8% +15.6% −12.2% +15.0% +28.8% +40.6% −5.6% −39.4% +18.3% −34.1% −61.1%
Margins
Gross margin — — 29.9% 37.3% 35.0% 34.1% 34.5% 36.2% 36.4% 35.7% 35.6% 59.8% 40.8% 40.9% 41.3% 44.8% 44.6% 45.9%
EBITDA margin 5.6% 9.1% 2.4% 7.4% 10.8% 12.1% 12.9% 14.3% 14.8% 12.9% 14.0% 19.0% 19.5% 19.1% 15.6% 18.6% 14.2% 9.1%
Operating margin 1.8% 6.1% −0.5% 4.6% 8.7% 10.1% 10.8% 12.4% 12.9% 10.9% 12.1% 15.7% 16.9% 16.4% 13.3% 16.0% 11.6% 6.8%
Net margin −1.3% 2.0% −1.1% 3.8% 6.2% 3.9% 6.9% 8.3% 8.9% 7.1% 7.5% 15.3% 16.1% 14.5% 8.7% 10.2% 6.7% 3.4%
Free-cash-flow margin 7.5% 2.5% 3.2% 6.6% 5.4% 3.5% 6.6% 10.1% 8.2% 8.3% 8.8% 18.6% 9.9% 6.8% 17.3% 10.3% 8.2% 9.1%
Cash flow
Cash from operations 269 139 175 283 298 266 429 651 600 604 637 826 689 566 1,056 668 479 496
Capital spending 43 58 69 75 97 128 129 149 165 150 132 151 214 246 257 193 112 96
Free cash flow 226 81 107 208 201 139 301 501 435 454 505 675 475 320 799 475 367 401
Stock-based pay 8 12 16 27 26 30 28 32 43 36 31 48 50 50 34 39 21 14
Free cash flow after stock pay 218 69 91 181 175 109 273 469 392 418 475 628 424 270 765 435 346 387
Balance sheet
Cash 58 61 121 336 241 192 239 252 323 263 388 419 426 643 366 381 264 210
Total debt 0 17 407 320 350 670 1,169 1,431 1,508 2,859 2,584 2,572 3,110 3,273 2,670 3,173 2,545 2,552
Net debt (negative = net cash) −58 −44 286 −16 109 478 930 1,180 1,185 2,596 2,196 2,153 2,684 2,630 2,304 2,792 2,281 2,342
Diluted shares — 155m 155m 166m 171m 166m 163m 158m 156m 146m 141m 140m 140m 131m 128m 126m 121m 120m
Returned to shareholders
Dividends — — — — 50 77 90 98 110 115 123 133 143 146 117 120 121 122
Buybacks — — — 9 52 440 52 425 215 695 100 188 448 580 150 240 248 55
Total returned — — — 9 102 517 141 523 325 810 223 321 591 726 267 360 368 177

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 7 checks passed · June 27, 2026
What it owns · $6.3bn
Short-term assets $2.1bnLonger-term assets $4.3bn
What it owes, and who funded it · $6.3bn
Short-term liabilities $1.0bnLonger-term liabilities $3.0bnShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $1.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $3.0bn of longer-dated liabilities.
  • More cash than debt $210m of cash against $2.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 111% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 75% to 111% over five years.
  • A year's operating cash flow covers at least 20% of debt $496m of operating cash flow against $2.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $299m against $109m of interest.

From Fortune Brands Innovations, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$55.2M
Dividends (TTM)
$122M
Returned to shareholders
44%
of free cash flow
Buybacks, last 3 fiscal years
$638M
Diluted share count
−2.7%
year over year
Total shareholder yield
3.2%
dividends 2.2% + buybacks 1.0% of market value
Dividend payout ratio
82%
of net income paid out
Sales & admin spending
30.4%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in building products
Last 12 months unless stated FBIN ALLE AOS CSL LII MOD Median
Revenue, last 12 months $4.4bn $4.4bn $3.8bn $5.2bn $5.4bn $3.4bn $1.8bn
Revenue growth, last 12 months −2.3% 10.3% −0.7% 4.0% 1.9% 29.5% 3.7%
Revenue growth, 3-year average −1.0% 6.7% 0.0% 4.2% 3.4% 12.3% 3.6%
Revenue growth, latest quarter −4.1% 9.6% −0.2% 8.6% 10.2% 28.0% 8.0%
Gross margin 45.9% 45.1% 38.6% 34.7% 32.6% 22.2% 32.0%
Operating margin 6.8% 21.5% 17.5% 19.5% 18.8% 10.1% 7.0%
Operating margin, 3-year average 11.9% 20.9% 18.0% 21.2% 19.4% 10.4% 10.7%
Net margin 3.4% 15.7% 13.0% 13.8% 13.8% 4.3% 5.1%
Cash from operations / revenue 11.3% 19.2% 16.1% 17.2% 18.2% 7.8% 12.4%
Free-cash-flow margin 9.1% 16.9% 14.8% 14.4% 15.3% 3.0% 8.9%
Free-cash-flow margin, 3-year average 9.4% 16.5% 14.0% 17.4% 12.9% 4.0% 8.5%
Stock pay / revenue 0.3% 0.7% 0.4% 0.7% 0.4% 0.7% 0.7%
Change in share count −2.7% −0.6% −3.6% −7.7% −1.9% 0.0% −0.6%

Median of all 46 companies we cover in building products. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

46 building products companies
Measure Company Peer median Rank
Revenue growth Growth -2.3% 4.0% 35 of 46
Change in growth rate Growth -0.3pp +0.8pp 29 of 46
Gross margin Profitability 45.9% 32.1% 5 of 43
Operating margin Profitability 6.8% 7.2% 26 of 45
Net margin Profitability 3.4% 5.6% 28 of 46
Free-cash-flow margin Cash generation 9.1% 9.1% 22 of 46
Stock pay as % of revenue Cash generation 0.3% 0.7% 8 of 41
Long-term debt as % of assets Balance sheet 40.2% 25.7% 31 of 37
Change in share count Balance sheet -2.7% -0.6% 9 of 44
Days sales outstanding Balance sheet 50 days 53 days 15 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 27, 2025
Geography
Region Revenue Share YoY
United States $3.7B 83.8% ▼ 1.8%
Outside the US $721M 16.2% ▼ 9.9%
Canada $344M 47.7% ▼ 0.1%
All Other Countries $230M 31.9% ▲ 3.6%
China $147M 20.4% ▼ 37.0%

From Fortune Brands Innovations, Inc.'s 10-K filed February 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$6.9B
Institutions reporting
525
Shares held vs prior quarter
▲ 2.5%
Positions opened / closed
94 / 59

Top buyers and sellers, Q2 2026: 250 institutions bought and 222 sold ; the biggest buyer was Dme Capital Management, LP (+2.2M shares) and the biggest seller Point72 Asset Management, L.P (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 19.3M 15.3% ▲ 0.1%
Harris Associates L P $419M 7.6M 6.0% ▲ 3.4%
Pictet Asset Management Holding SA $376M 6.8M 5.4% ▼ 12.2%
Vanguard Portfolio Management LLC $294M 5.4M 4.2% ▼ 5.2%
Vanguard Capital Management LLC $285M 5.2M 4.1% ▼ 3.7%
Dimensional Fund Advisors LP $252M 4.6M 3.6% ▲ 12.9%
Garden Investment Management, L.P. $217M 3.9M 3.1% ▲ 11.8%
State Street Corp $210M 3.8M 3.0% ▲ 1.2%
First Pacific Advisors, LP $210M 3.8M 3.0% ▲ 0.9%
Freestone Grove Partners LP $136M 2.5M 2.0% ▲ 78.4%
Dme Capital Management, LP $123M 2.2M 1.8% New
Geode Capital Management, LLC $121M 2.2M 1.7% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Fortune Brands Innovations, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $30.7M 7 trades by 2 insiders, last 12 months Insider sales History → $30,678 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $30.6M net buying
Insider Date Trade Shares Price Value
Novak Matthew Edward EVP, Chief Supply Chain August 7, 2026 Sell 600 $51.13 $30,678
Singh Jesse G Chief Executive Officer August 7, 2026 Buy 19,560 $50.93 $996,191
Singh Jesse G Chief Executive Officer August 6, 2026 Buy 5,281 $52.23 $275,827
Singh Jesse G Chief Executive Officer August 6, 2026 Buy 14,444 $51.46 $743,288
Garden Edward P Director June 10, 2026 Buy 320,067 $40.60 $13M
Garden Edward P Director May 20, 2026 Buy 5,900 $33.28 $196,352
Garden Edward P Director May 20, 2026 Buy 57,400 $34.89 $2M
Garden Edward P Director May 19, 2026 Buy 403,000 $33.40 $13.5M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 12 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 5 sales of Fortune Brands Innovations, Inc. shares.

  • April McClain Delaney(D-MD 6):Sale (full), $1,001 - $15,000, traded May 7, 2026, filed June 5, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded May 6, 2026, filed June 5, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded May 4, 2026, filed June 5, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 7, 2026
  • February 12, 2026
  • October 30, 2025
  • July 31, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Fortune Brands Innovations, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Fortune Brands Innovations, Inc. in brief

What does Fortune Brands Innovations, Inc. do?
Fortune Brands Innovations, Inc. is a US-listed company in the building products industry. Its financial year ends in December.
What is Fortune Brands Innovations, Inc.'s stock ticker?
Fortune Brands Innovations, Inc. trades under the ticker FBIN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Fortune Brands Innovations, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Fortune Brands Innovations, Inc. reported revenue of $4.4B, 2.3% lower than a year earlier, according to its SEC filings.
What is Fortune Brands Innovations, Inc.'s free cash flow?
Fortune Brands Innovations, Inc.'s free-cash-flow margin is 9.1% of revenue over the trailing twelve months, ranking 22 of the 46 building products companies we cover.
What is Fortune Brands Innovations, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Fortune Brands Innovations, Inc.'s free cash flow after stock-based pay gives ~$45 per share in the base case, and ~$29–$67 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Fortune Brands Innovations, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Harris Associates L P and Pictet Asset Management Holding SA. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Fortune Brands Innovations, Inc. buying back stock, and does it pay a dividend?
Fortune Brands Innovations, Inc. spent $55.2M on share repurchases over the trailing twelve months, and its diluted share count fell 2.7% over the year.
What is Fortune Brands Innovations, Inc.'s market cap?
On November 2, 2026, Fortune Brands Innovations, Inc.'s market capitalisation was about $5.6B, with a price-to-earnings ratio of 37.6 and net debt of $2.3B. Market figures come from third-party market data and may be delayed.
Does Fortune Brands Innovations, Inc. pay a dividend?
Yes: Fortune Brands Innovations, Inc. paid $122M in dividends over the trailing twelve months, a dividend yield of 2.19% and a payout ratio of 82.1%.
How much debt does Fortune Brands Innovations, Inc. have?
Fortune Brands Innovations, Inc.'s debt-to-equity ratio is 110.5%, from its latest balance sheet (75.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Fortune Brands Innovations, Inc.'s competitors?
In our Building Products peer group, the companies closest to Fortune Brands Innovations, Inc. are Allegion, A. O. Smith, Carlisle Companies Inc, Lennox International and Modine Manufacturing Co. The side-by-side comparison below sets their revenue, margins and growth against Fortune Brands Innovations, Inc.'s.
Are insiders buying or selling Fortune Brands Innovations, Inc. stock?
Over the last 12 months, Fortune Brands Innovations, Inc.'s directors and officers reported 7 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Fortune Brands Innovations, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Fortune Brands Innovations, Inc. announces its own schedule.