Fortune Brands Innovations
FBINNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $49.83 Prior regular-session close from the quote source.
- $48.77–$49.52 Regular-session low and high so far today.
- 3.3M Regular-session shares traded · Nov 11, 4:02 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $32.34–$64.84 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own FBIN if Fortune Brands Innovations is a housing-cycle recovery and margin-restoration story: the business has durable branded channel positions, but the current evidence shows the engine is under pressure, not yet accelerating.
FBIN price history
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Investment thesis
What must happen next
Fortune Brands Innovations’ branded channel positions will convert a housing and repair/remodel recovery into demand rather than losing the rebound to private-label or competing home-products brands.HoldingMateriality: High
FY2025 GAAP annual revenue was still $4.463 billion despite a pressured housing backdrop identified in the company profile description. If this holds, revenue recovery can come with operating leverage; if it breaks, a better housing market will not translate into owner value.
Watch: Home centers or wholesale distributors shift shelf space toward private-label alternatives in core home-products categories.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual revenue was still $4.463 billion despite a pressured housing backdrop identified in the company profile description.
Open source ↗Brand pricing, mix, and operating execution will restore margin as volumes normalize, rather than cost inflation and promotions permanently resetting profitability lower.WeakeningMateriality: High
FY2025 GAAP annual operating income was $516.1 million, down from $737.9 million in FY2024, showing the margin issue is already visible and testable. The equity upside depends heavily on whether incremental sales recover at attractive margins instead of merely replacing lost volume.
Watch: Competitors use promotions in home-improvement channels to force price rollbacks before demand improves.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual operating income was $516.1 million, down from $737.9 million in FY2024, showing the margin issue is already.
Open source ↗The company’s operating model will keep converting earnings into cash through the cycle, giving management room to invest, deleverage, and return capital without relying on new financing.HoldingMateriality: Medium
FY2025 GAAP annual operating cash flow remained positive at $478.6 million. Cash conversion determines whether the business can compound through a downturn or is forced into defensive balance-sheet management.
Watch: Channel destocking or slower sell-through causes receivables and inventory to absorb cash before revenue visibly weakens.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual operating cash flow remained positive at $478.6 million.
Open source ↗The balance sheet will remain flexible enough for the company to wait out housing weakness and fund brand/product investment, rather than forcing value-destructive retrenchment.HoldingMateriality: Medium
Total liabilities were $4.132 billion at FY2025, slightly below $4.140 billion at FY2024. If financial flexibility holds, the company can protect long-term competitive position; if it breaks, equity holders bear refinancing and dilution risk.
Watch: A debt-funded acquisition or restructuring program materially increases obligations before earnings recover.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Total liabilities were $4.132 billion at FY2025, slightly below $4.140 billion at FY2024.
Open source ↗Capital allocation will amplify, not dilute, a future earnings recovery, so per-share value improves when the operating business stabilizes.WeakeningMateriality: Medium
FY2025 GAAP diluted EPS was $2.47, down from $3.75 in FY2024 and $5.54 in FY2021, showing per-share earnings have substantial recovery work to do. Owners care about per-share compounding; acquisitions, debt, or dilution can offset even a business-level recovery.
Watch: Management issues equity or overpays for acquisitions to chase growth while core earnings remain depressed.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP diluted EPS was $2.47, down from $3.75 in FY2024 and $5.54 in FY2021, showing per-share earnings have substantial.
Open source ↗
Full investment case & evidence
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Original research
Fortune Brands Innovations’ branded channel positions will convert a housing and repair/remodel recovery into demand rather than losing the rebound to private-label or competing home-products brands. If this holds, revenue recovery can come with operating leverage; if it breaks, a better housing market will not translate into owner value.
Brand pricing, mix, and operating execution will restore margin as volumes normalize, rather than cost inflation and promotions permanently resetting profitability lower. The equity upside depends heavily on whether incremental sales recover at attractive margins instead of merely replacing lost volume.
The company’s operating model will keep converting earnings into cash through the cycle, giving management room to invest, deleverage, and return capital without relying on new financing. Cash conversion determines whether the business can compound through a downturn or is forced into defensive balance-sheet management.
The balance sheet will remain flexible enough for the company to wait out housing weakness and fund brand/product investment, rather than forcing value-destructive retrenchment. If financial flexibility holds, the company can protect long-term competitive position; if it breaks, equity holders bear refinancing and dilution risk.
Capital allocation will amplify, not dilute, a future earnings recovery, so per-share value improves when the operating business stabilizes. Owners care about per-share compounding; acquisitions, debt, or dilution can offset even a business-level recovery.
All standing thesis claims
Original report summary
Fortune Brands Innovations is a housing-cycle recovery and margin-restoration story: the business has durable branded channel positions, but the current evidence shows the engine is under pressure, not yet accelerating.
Bull case and bear case
Bull case and bear case for Fortune Brands Innovations
Where the evidence on Fortune Brands Innovations disagrees: Mixed on the latest evidence (Oct 15, 2026). Of its 5 thesis points, 3 holding and 2 weakening.
Bull case: what the evidence supports
Fortune Brands Innovations’ branded channel positions will convert a housing and repair/remodel recovery into demand rather than losing the rebound to private-label or competing home-products brands.
The company’s operating model will keep converting earnings into cash through the cycle, giving management room to invest, deleverage, and return capital without relying on new financing.
The balance sheet will remain flexible enough for the company to wait out housing weakness and fund brand/product investment, rather than forcing value-destructive retrenchment.
Bear case: what the evidence questions
Brand pricing, mix, and operating execution will restore margin as volumes normalize, rather than cost inflation and promotions permanently resetting profitability lower.
Capital allocation will amplify, not dilute, a future earnings recovery, so per-share value improves when the operating business stabilizes.
Thesis-Break Engine
Thesis-break watch · Fortune Brands Innovations
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Fortune Brands Innovations filed an SEC 8-K on 2026-09-09: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Fortune Brands Innovations filed an SEC 8-K on 2026-08-04: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Fortune Brands Innovations filed an SEC 8-K on 2026-07-30: Director or principal officer change. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Home centers or wholesale distributors shift shelf space toward private-label alternatives in core home-products categories.
- Competitors use promotions in home-improvement channels to force price rollbacks before demand improves.
- Channel destocking or slower sell-through causes receivables and inventory to absorb cash before revenue visibly weakens.
- A debt-funded acquisition or restructuring program materially increases obligations before earnings recover.
- Management issues equity or overpays for acquisitions to chase growth while core earnings remain depressed.
FBIN news
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Financial statements
FBIN income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
FBIN: quick answers
- Have members of Congress traded FBIN?
- Reports made public in the last 90 days disclose 2 trades in FBIN by 1 filer: 0 purchases and 2 sales. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed FBIN trade
- Which well-known investors own FBIN?
- 1 of the 37 well-known funds tracked here reported FBIN shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
FBIN in well-known investors’ portfolios
1 of 37 funds reported FBIN shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.01% | $2.3M | New | Q2 2026 |