Fortune Brands Innovations, Inc. (FBIN) stock analysis
Close on Nov 11, 2026Market cap $5.87BP/E –Yield 2.05%
StockData Score
Prices as of Nov 11, 2026How the score works
Weak6 of 30 checks passed
Fortune Brands Innovations passes 6 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 1/6
- Past performance
- 0/6
- Financial health
- 2/6
- Dividend
- 2/6
What stands out
Debt covered by cash flow
Operating cash flow over the last twelve months equals 27.8% of total debt.
Covered by free cash flow
Dividends take 22.2% of free cash flow.
P/S below the industry
Fortune Brands Innovations's price-to-sales of 1.35 is below the Materials median of 1.86 (book value is negative, so we use sales).
Gross margin improving
Gross margin was 46.0% over the last twelve months, against 45.1% a year earlier.
What to watch
Margin of safety under 20%
The price is 107% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $49.17 is above our fair value estimate of $23.70.
Revenue growing under 10% a year
Revenue grew -1.9% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -22.1% a year over the last three fiscal years.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA above its 5-year median
Fortune Brands Innovations's EV/EBITDA of 34.0 is above its 5-year median of 16.2.
P/S below the industry
Fortune Brands Innovations's price-to-sales of 1.35 is below the Materials median of 1.86 (book value is negative, so we use sales).
Trading above fair value
The share price of $49.17 is above our fair value estimate of $23.70.
Margin of safety under 20%
The price is 107% above fair value, so there is no margin of safety.
Growth1/6
Revenue growing under 10% a year
Revenue grew -1.9% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -22.1% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew -3.0% over the last twelve months; the Materials median is -1.9%.
Guidance lowered
Fortune Brands Innovations lowered its 2026 Full-Year Interest Expense outlook on Aug 4, 2026.
Gross margin improving
Gross margin was 46.0% over the last twelve months, against 45.1% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 27.8% of total debt.
Interest not well covered
Operating income covers interest expense 2.2 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.83 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.64; above 3 is the safe zone and below 1.8 the distress zone.
Dividend2/6
Pays a dividend
Fortune Brands Innovations paid dividends worth 2.1% of the share price over the last twelve months.
Yield below Treasuries
The 2.1% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Fortune Brands Innovations yields 2.1%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
Earnings cover
Needs dividends paid and net income.
Covered by free cash flow
Dividends take 22.2% of free cash flow.
Fair value
How we estimate itOur estimate per share
$23.70
The share price is 107% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 17.2× | 16.2× | 18.3× | $16.39 | 70% |
| Earnings power | 11.2% cost of equity | – | – | $40.76 | 30% |
| Fair value | $23.70 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Materials median 21.9
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $116.55M
- Value traded per 1% price move
- $53.84M
Downside
High risk
- Typical loss in a bad month
- 29.2%
- Volatility (annualized)
- 48%
- Sharpe ratio, 1 year
- -0.07
- Beta to the S&P 500 (5Y)
- 1.27
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.2% | -1.9% | +4.3% | -0.3% | |
| Gross profit | -3.7% | +1.0% | -1.7% | +2.3% | |
| Operating income | -30.1% | -12.6% | -1.9% | +0.4% | |
| EPS, diluted | -34.1% | -22.1% | -8.9% | +2.5% | |
| Free cash flow | -22.7% | +4.6% | -11.5% | +2.0% | |
| Dividend per share | +4.1% | -1.9% | +0.6% | +5.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.2% | 21.3% | – | |
| Return on assets | 8.3% | 8.1% | – | |
| Current ratio | 1.71 | 1.64 | 1.84 | |
| Debt to equity | 0.61 | 0.93 | – | |
| Interest coverage | 12.6× | 6.8× | 4.5× | |
| Inventory turnover | 5.9× | 1.8× | 2.5× | |
| Capex to revenue | 3.0% | 4.2% | 2.5% | |
| Diluted shares | 158M | 140M | 121M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fortune Brands Innovations generated $3.46B from operations and spent $3.33B on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2020 | 15.3% | 0.53× | 2.62× | 21.3% |
| FY2019 | 7.5% | 0.94× | 2.66× | 18.8% |
| FY2018 | 7.1% | 0.96× | 2.40× | 16.3% |
| FY2017 | 8.9% | 0.99× | 2.14× | 19.1% |
| FY2016 | 8.3% | 1.00× | 2.08× | 17.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$478.60M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$478.60M vs –
- Less leverageLong-term debt to assets fell33.1% → 39.0%
- Better liquidityCurrent ratio rose1.25 → 1.84
- No dilutionShare count did not rise126M → 121M
- Gross margin improvedGross margin up on the prior year44.83% → 44.57%
- More efficientAsset turnover rose0.70 → 0.68
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