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FBIN

Fortune Brands Innovations, Inc.

FBIN

Fortune Brands Innovations, Inc. • NYSE
$51.63 ▲ 0.23% (+0.12)
Market Cap $6.20 B
52w High $80.19
52w Low $44.04
Dividend Yield 1.00%
P/E 19.34
Volume 863.70K
Outstanding Shares 120.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.149B ▼ $393.5M ▲ $70.8M ▼ 6.161% ▼ $0.59 ▼ $172.8M ▼
Q2-2025 $1.203B ▲ $371.6M ▲ $100.3M ▲ 8.335% ▲ $0.83 ▲ $229.6M ▲
Q1-2025 $1.033B ▼ $357.7M ▲ $51.4M ▼ 4.975% ▼ $0.42 ▼ $149.3M ▼
Q4-2024 $1.104B ▼ $329.6M ▲ $105.1M ▼ 9.518% ▼ $0.85 ▼ $207.4M ▼
Q3-2024 $1.155B $324.7M $136.6M 11.824% $1.1 $252.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $223.9M ▼ $6.519B ▼ $4.14B ▼ $2.379B ▲
Q2-2025 $234.7M ▼ $6.596B ▲ $4.255B ▼ $2.34B ▲
Q1-2025 $340M ▼ $6.585B ▲ $4.28B ▲ $2.305B ▼
Q4-2024 $381.1M ▲ $6.562B ▼ $4.14B ▼ $2.422B ▲
Q3-2024 $344.8M $6.598B $4.202B $2.396B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $70.8M ▼ $204.4M ▲ $-27.4M ▲ $-187.3M ▲ $-10.8M ▲ $177M ▼
Q2-2025 $100.2M ▲ $149.4M ▲ $-27.8M ▲ $-233.3M ▼ $-105.1M ▼ $178.6M ▲
Q1-2025 $51.4M ▼ $-83.4M ▼ $-29.2M ▲ $68M ▲ $-41.6M ▼ $-112.6M ▼
Q4-2024 $105.1M ▼ $272.3M ▲ $-44.2M ▼ $-180.3M ▲ $35.5M ▲ $212.1M ▲
Q3-2024 $136.6M $205.3M $-28.5M $-192.8M $-7.5M $175.6M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Outdoors Segment
Outdoors Segment
 $300.00M ▲$300.00M ▲$380.00M ▲$340.00M ▼
Security Segment
Security Segment
 $160.00M ▲$160.00M ▲$180.00M ▲$190.00M ▲
Water Innovations
Water Innovations
 $640.00M ▲$570.00M ▼$650.00M ▲$620.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat to slightly down over the past few years after a strong post‑pandemic surge, reflecting a tougher housing and remodeling environment. Even with softer sales, gross profit has improved, suggesting better pricing, mix, or cost control. Operating and net income dipped from earlier peaks and have since partially recovered, but earnings are still below the best years, showing that profitability is stabilizing rather than accelerating. Overall, the business looks resilient but still exposed to the ups and downs of construction and consumer spending cycles.

Balance Sheet

Balance Sheet The balance sheet shows a fairly steady asset base and a consistent level of debt, with no sign of aggressive leveraging. Equity fell earlier in the period but has been rebuilding, which points to a gradual strengthening of the company’s capital position. Cash on hand is modest but stable, implying they rely more on ongoing cash generation than on large cash reserves. Overall, the financial structure appears balanced, but not overly conservative, and will need continued earnings and cash flow support to stay that way.

Cash Flow

Cash Flow Cash flow from operations has been positive every year but somewhat volatile, with one especially strong year followed by a step down more recently. Free cash flow has remained positive even after investment in capital projects, which is a healthy sign, though it is not consistently growing. Capital spending is meaningful but not heavy, indicating ongoing investment in the business without stretching cash resources. The pattern suggests a solid but cyclical cash engine that can fund operations and growth, but not without year‑to‑year swings.

Competitive Edge

Competitive Edge Fortune Brands Innovations holds strong positions in several niche but important areas of the home: water fixtures, exterior doors, composite decking, and locks. Well‑known brands like Moen, Therma‑Tru, Fiberon, Master Lock, and now Yale give it strong recognition with both consumers and professionals, and its broad distribution into home centers, wholesalers, and online channels is hard for smaller rivals to match. The focus on higher‑value categories such as water management, outdoor living, and connected security helps it avoid pure price competition. The main risks are the cyclical nature of housing, intense competition in smart home products, and the need to keep acquired brands tightly integrated and well supported.

Innovation and R&D

Innovation and R&D Innovation is a core part of the story: the company is pushing deeply into smart, connected products like Moen’s smart water network and Bluetooth and app‑enabled locks under Master Lock and Yale. It is also investing in sustainable materials and manufacturing, particularly through Fiberon’s composite decking and recycled content, which aligns with long‑term environmental trends. On the operations side, the use of AI tools, digital portals, and data‑driven maintenance suggests a broader digital transformation, not just flashy products. The opportunity is to build integrated home ecosystems and sustain premium pricing; the challenge is staying ahead of rapid tech change and powerful tech and hardware competitors in the smart home space.

Summary

Fortune Brands Innovations combines a stable, cash‑generating core business with a clear push into higher‑tech, higher‑value home and security products. Financially, it shows steady revenues with some pressure on earnings versus past peaks, but maintains a balanced balance sheet and consistently positive free cash flow. Competitively, its portfolio of trusted brands, strong distribution, and focus on “supercharged” home categories provide a meaningful moat, though housing cycles and smart‑home competition remain key risks. Its emphasis on connected water, smart locks, and sustainable outdoor products positions it well for long‑term trends, but the payoff will depend on execution, integration of acquisitions, and the broader health of construction and remodeling markets.

NEWS

November 4, 2025 · 10:13 AM UTC

Larson Unveils New Website for Homeowners and DIYers

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October 30, 2025 · 4:05 PM UTC

Fortune Brands Innovations Outperforms End Market with Sales Growth in Key Businesses

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October 23, 2025 · 11:01 AM UTC

Larson Named Lowe's Vendor of Year, Millwork

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October 17, 2025 · 9:00 AM UTC

Fortune Brands Sets Date for Third Quarter Earnings Announcement and Investor Conference Call

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September 30, 2025 · 4:05 PM UTC

Fortune Brands Opens New Campus Headquarters in Deerfield, IL; Achieves Hiring Goal Two Years Ahead of Schedule

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