Fortune Brands Innovations, Inc. (FBIN)
NYSE:FBIN
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Fortune Brands Innovations
(NYSE:FBIN)
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Rating:52Neutral
Price Target:
$38.00
▲(2.04% Upside)
Action:ReiteratedDate:03/17/26
The score is held back primarily by weakening financial trajectory (flat-to-down revenue, stepped-down earnings, and debt-heavy leverage) and clearly bearish technicals (below major moving averages with negative MACD). Valuation and dividends are only moderately supportive, while the earnings call points to continued near-term headwinds despite solid cash generation, cost actions, and strength in Security/Digital.
Positive Factors
Strong free cash flow & liquidity
Consistent positive free cash flow and ample revolver capacity provide durable financial flexibility to fund capex, share repurchases, cost programs and targeted deleveraging. This cushion helps the company withstand housing cyclicality and supports strategic investments over the next 2–6 months.
Negative Factors
Weak revenue and earnings trend
A multi-year flat-to-down top line and stepped-down earnings reduce margins of safety and limit internal funding for strategic initiatives. Sustained weak organic growth constrains upside from operational fixes and prolongs the timeline for restoring historical profitability levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow & liquidity
Consistent positive free cash flow and ample revolver capacity provide durable financial flexibility to fund capex, share repurchases, cost programs and targeted deleveraging. This cushion helps the company withstand housing cyclicality and supports strategic investments over the next 2–6 months.
Read all positive factors
Fortune Brands Innovations (FBIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.47B
Dividend Yield1.91%
Average Volume (3M)3.22M
Price to Earnings (P/E)20.8
Beta (1Y)1.27
Revenue Growth-3.78%
EPS Growth-24.77%
CountryUS
Employees11,000
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)0.86
Shares Outstanding119,988,380
10 Day Avg. Volume3,411,448
30 Day Avg. Volume3,216,979
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)2.61
Price to Sales (P/S)1.39
P/FCF Ratio16.97
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue1.51
Enterprise Value/Gross Profit3.40
Enterprise Value/Ebitda9.71
Forecast
1Y Price Target
$56.29Price Target Upside51.15% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)3.47
Revenue Forecast (FY)$4.48B
Fortune Brands Innovations Business Overview & Revenue Model
Company Description
Fortune Brands Innovations, Inc. provides water, outdoor, and security products, including water management, connected products, outdoor living, material conversion, sustainability, safety, and wellness. The company's portfolio of brands comprisin...
How the Company Makes Money
FBIN makes money primarily by selling branded home and security products to channel partners (e.g., big-box and specialty retailers, distributors/wholesalers, and professional trade customers such as builders, plumbers, and contractors), as well a...
Fortune Brands Innovations Key Performance Indicators (KPIs)
Any
Revenue by Channel
Shows how sales are distributed across different channels, indicating the effectiveness of sales strategies and potential areas for expansion or risk.
Shows how sales are distributed across different channels, indicating the effectiveness of sales strategies and potential areas for expansion or risk.
Data provided by:
The Fly
The FlyFortune Brands Innovations Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: clear operational progress in digital/security, brand-level wins, tariff mitigation, and strong cash generation were offset by continued top-line headwinds, margin compression (particularly in Outdoors), China weakness, and near-term market uncertainty. Management has identified cost savings and structural initiatives (including $60M realized CI savings and $35M of incremental annualized OI savings targeted by year-end) and provided conservative 2026 guidance that assumes no market inflection. Overall, positives around execution and balance-sheet strength were balanced by meaningful near-term profitability and demand challenges.Positive Updates
Market Outperformance and Share Gains
Excluding China, the company outperformed the market by ~130 basis points for the full year and ~300 basis points in Q4; point-of-sale growth outpaced the market across segments; net builder gains were 67 for the year (16 in Q4).
Negative Updates
Consolidated Revenue and EPS Declines
Total company sales for 2025 were $4,500.0M, down 3% year-over-year (excluding China down 1%); full-year adjusted EPS $3.61, down 12%; Q4 sales $1,100.0M down 2% and adjusted EPS $0.86 down 12%.
Read all updates
Q4-2025 Updates
Positive
Negative
Market Outperformance and Share Gains
Excluding China, the company outperformed the market by ~130 basis points for the full year and ~300 basis points in Q4; point-of-sale growth outpaced the market across segments; net builder gains were 67 for the year (16 in Q4).
Read all positive updates
Company Guidance
The company guided to 2026 net sales roughly flat to +2% with assumptions of global markets down low-single-digits (U.S. down low-single-digits, U.S. single‑family new construction down mid‑single‑digits, China down low‑double‑digits), and an operating income margin of ~14.5%–15.5% (EPS $3.35–$3.65). Management expects free cash flow of ~$400M–$450M, capital expenditures of ~$110M–$140M, and cash restructuring costs of ~$25M; it also assumes tariffs remain at current rates and notes a mitigated tariff impact of roughly $151M in 2026 (up ~ $100M y/y). The guide excludes any incremental share repurchases beyond dilution, excludes the announced annualized run‑rate operating income savings of $35M (targeted by year‑end but not baked into the guide), and reflects over $80M of incremental SG&A (including normalized incentive, systems, and brand spend) as well as a planned reclassification of >$100M from SG&A to COGS that will not change reported margins; balance sheet metrics include ~ $2.3B net debt (~2.6x net debt/EBITDA) and ~$1.1B liquidity (including ~$860M undrawn).Fortune Brands Innovations Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.46B | 4.61B | 4.63B | 4.72B | 4.80B |
| Gross Profit | 2.00B | 2.07B | 1.91B | 1.93B | 1.96B |
| EBITDA | 695.30M | 919.60M | 803.20M | 977.90M | 999.80M |
| Net Income | 298.80M | 471.90M | 404.50M | 686.70M | 772.40M |
Balance Sheet | |||||
| Total Assets | 6.52B | 6.56B | 6.57B | 6.12B | 7.94B |
| Cash, Cash Equivalents and Short-Term Investments | 264.00M | 381.10M | 366.40M | 642.50M | 425.60M |
| Total Debt | 2.54B | 2.83B | 2.81B | 2.77B | 2.82B |
| Total Liabilities | 4.13B | 4.14B | 4.27B | 4.04B | 4.87B |
| Stockholders Equity | 2.39B | 2.42B | 2.29B | 2.08B | 3.06B |
Cash Flow | |||||
| Free Cash Flow | 366.80M | 474.50M | 799.30M | 320.20M | 474.50M |
| Operating Cash Flow | 478.60M | 667.80M | 1.06B | 566.30M | 688.70M |
| Investing Cash Flow | -104.90M | -302.90M | -1.04B | -455.50M | -207.10M |
| Financing Cash Flow | -503.30M | -363.40M | -271.30M | 72.50M | -428.60M |
Fortune Brands Innovations Technical Analysis
Negative
37.24
Price Trends
50.01
Negative
50.71
Negative
52.21
Negative
Market Momentum
-3.59
Negative
27.29
Positive
32.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBIN, the sentiment is Negative. The current price of 37.24 is below the 20-day moving average (MA) of 41.13, below the 50-day MA of 50.01, and below the 200-day MA of 52.21, indicating a bearish trend. The MACD of -3.59 indicates Negative momentum. The RSI at 27.29 is Positive, neither overbought nor oversold. The STOCH value of 32.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBIN.
Fortune Brands Innovations Risk Analysis
Fortune Brands Innovations disclosed 23 risk factors in its most recent earnings report. Fortune Brands Innovations reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fortune Brands Innovations Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $7.07B | 31.80 | 36.09% | 0.66% | 15.10% | 23.35% | |
71 Outperform | $6.89B | 29.69 | 17.58% | 0.69% | 4.26% | 8.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $6.63B | 57.78 | 12.63% | 0.53% | 8.77% | -47.50% | |
57 Neutral | $3.76B | 405.34 | 19.16% | ― | 0.10% | -15.99% | |
56 Neutral | $1.15B | 15.14 | 9.87% | ― | -9.21% | -97.43% | |
52 Neutral | $4.47B | 20.84 | 12.70% | 1.91% | -3.78% | -24.77% |
* Industrials Sector Average
FBIN
Fortune Brands Innovations
37.24
-12.69
-25.42%
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Fortune Brands Innovations Corporate Events
Business Operations and StrategyExecutive/Board Changes
Fortune Brands Announces Major Leadership and Governance Overhaul
Neutral
Mar 16, 2026
On March 16, 2026, Fortune Brands Innovations announced sweeping governance and leadership changes, including a cooperation agreement with Garden Investment Management that adds its CEO, Ed Garden, to the board as an independent Class I director. ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Fortune Brands Innovations Announces Major Leadership and Governance Changes
Negative
Mar 16, 2026
On March 16, 2026, Fortune Brands Innovations announced sweeping leadership and governance changes, launching a comprehensive search for a new chief executive after previously designated CEO Amit Banati chose not to assume the role and resigned fr...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Fortune Brands Innovations Announces CEO Transition Amid Challenges
Negative
Feb 12, 2026
On February 12, 2026, Fortune Brands Innovations unveiled a leadership transition following a difficult 2025, appointing director Amit Banati as chief executive officer effective May 13, 2026, succeeding Nicholas Fink, who will resign as CEO and d...
Business Operations and StrategyPrivate Placements and Financing
Fortune Brands Innovations Extends $1.25 Billion Credit Facility
Positive
Jan 20, 2026
On January 16, 2026, Fortune Brands Innovations, Inc. executed an extension of its existing five-year senior unsecured revolving credit facility, maintaining the facility size at $1.25 billion and pushing its maturity out to January 16, 2031. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.