Fortune Brands Innovations, Inc.
- Open
- 52.27
- Day high
- 54.09
- Day low
- 50.96
- Prev close
- 52.62
- Volume
- 2.0M
- Mkt cap
- $6.1B
- P/E (TTM)
- 22.9
- EPS (TTM)
- $2.25
- P/B
- 2.6
- P/S
- 1.4
- Yield
- 1.98%
- Per share
- $1.02
- ▲Insiders net buying $28.7M over the last 3 months (4 open-market buys, 0 sales)
- 🏛Institutions reducing (13F)
Fortune Brands Innovations, Inc. (FBIN) is a Industrials company listed on NYSE. The stock is down 3% over the past year. Over the trailing 3 months, insiders filed 4 open-market buys and 0 sales (SEC Form 4).
Fortune Brands Innovations, Inc. (FBIN) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FBIN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.53 | $0.53 | +0.0% | $1.0B | +0.3% |
| Feb 12, 2026 | $1.00 | $0.86 | -13.7% | $1.1B | -5.1% |
| Oct 30, 2025 | $1.10 | $1.09 | -0.9% | $1.1B | +1.1% |
| Jul 31, 2025 | $0.98 | $1.00 | +2.0% | $1.2B | +1.9% |
| Feb 6, 2025 | $1.05 | $0.98 | -6.7% | $1.1B | -3.6% |
| Jul 25, 2024 | $1.12 | $1.16 | +3.6% | $1.2B | -3.1% |
| Apr 30, 2024 | $0.74 | $0.83 | +12.2% | $1.1B | +2.7% |
| Jan 30, 2024 | $0.93 | $0.95 | +2.2% | $1.2B | +7.8% |
| Oct 25, 2023 | $1.09 | $1.19 | +9.2% | $1.3B | +0.3% |
| Jul 27, 2023 | $1.01 | $1.07 | +5.9% | $1.2B | -0.2% |
| Feb 16, 2023 | $0.99 | $1.07 | +8.1% | $1.4B | -30.2% |
| Oct 26, 2022 | $1.72 | $1.79 | +4.1% | $2.1B | -1.5% |
FBIN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Barry David V.officer: Chief Operating Officer | Grant | 25,000 | $53.93 |
| Jul 2, 2026 | Singh Jesse Gdirector, officer: Chief Executive Officer | Grant | 850,000 | — |
| Jul 2, 2026 | Singh Jesse Gdirector, officer: Chief Executive Officer | Grant | 300,000 | $53.93 |
| Jul 1, 2026 | Finan Irialdirector | Grant | 711 | — |
| Jun 11, 2026 | GARDEN EDWARD Pdirector | Buy | 320,067 | $40.60 |
| May 21, 2026 | GARDEN EDWARD Pdirector | Buy | 57,400 | $34.89 |
| May 20, 2026 | GARDEN EDWARD Pdirector | Buy | 403,000 | $33.40 |
| May 20, 2026 | GARDEN EDWARD Pdirector | Buy | 5,900 | $33.28 |
| May 7, 2026 | GARDEN EDWARD Pdirector | Grant | 4,765 | — |
| May 7, 2026 | Foley Brendan Mdirector | Grant | 4,191 | — |
| May 7, 2026 | Finan Irialdirector | Grant | 4,191 | — |
| May 7, 2026 | Chande Ameedirector | Grant | 4,191 | — |
| May 7, 2026 | PUGLIESE STEPHANIE L.director | Grant | 4,191 | — |
| May 7, 2026 | Perry Jeffery S.director | Grant | 4,191 | — |
| May 7, 2026 | MACKAY A D DAVIDdirector | Grant | 4,191 | — |
Source: FBIN SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full FBIN insider & 13F page →Fortune Brands Innovations, Inc. company profile
Overview
Fortune Brands Innovations, Inc. (NYSE:FBIN) is a leading manufacturer of home and security products headquartered in Deerfield, Illinois. The company was incorporated in 1988 and went public in 2011 following a spin-off from Fortune Brands, Inc. In 2022, Fortune Brands underwent a strategic transformation by spinning off its cabinets business to focus exclusively on water innovations, outdoor living, and security products. Today, the company operates as a diversified home products manufacturer with a portfolio of well-known brands including Moen, Therma-Tru, Master Lock, and Yale, serving both residential and commercial markets across North America and internationally.
Business
Fortune Brands Innovations operates in the home improvement and building products industry, manufacturing essential products for residential and commercial properties across three primary business segments. Water Innovations represents the company's largest segment, generating approximately 55-60% of total revenue. This division includes the flagship Moen brand, which produces faucets, showerheads, and plumbing fixtures for kitchens and bathrooms. The segment also encompasses House of Rohl luxury fixtures, Aqualisa digital shower systems, and the rapidly growing Flo by Moen smart water monitoring system. The Flo system uses sensors and artificial intelligence to detect water leaks and shut off water supply automatically, helping prevent costly water damage in homes and buildings. Outdoors & Security comprises roughly 35-40% of revenue and includes two distinct product categories. The outdoors portion features Therma-Tru entry doors, Larson storm doors, and Fiberon composite decking materials. These products serve the residential construction and renovation markets, providing weather-resistant solutions for home exteriors. The security portion includes Master Lock padlocks and security hardware, SentrySafe fire-resistant safes, and Yale smart locks and access control systems. Yale's connected lock technology allows homeowners to control access remotely through smartphone apps and integrate with home automation systems. The company also operates smaller specialty businesses focused on material conversion and sustainability solutions, though these represent a minor portion of overall revenue. All segments benefit from the company's emphasis on connected products and digital innovation, which management expects to drive significant growth over the coming decade.
Revenue model
Fortune Brands Innovations generates revenue primarily through product sales to a diverse customer base spanning multiple distribution channels. The company sells to big-box retailers like Home Depot and Lowe's, wholesale distributors serving professional plumbers and contractors, specialty dealers, and increasingly through direct-to-consumer e-commerce platforms. The business model centers on manufacturing and marketing branded products that command premium pricing due to quality, innovation, and brand recognition. In the Water Innovations segment, Moen faucets and fixtures sell at higher price points than generic alternatives because of superior design, durability, and warranty coverage. Similarly, Therma-Tru doors and Yale smart locks justify premium pricing through advanced features and reliability. The company's emerging digital revenue model represents a strategic shift toward recurring income streams. The Flo smart water monitoring system generates revenue through initial hardware sales plus ongoing subscription fees for monitoring services and insurance partnerships. Fortune Brands has signed agreements with major insurance companies like Farmers Insurance to offer Flo systems to policyholders, creating a new channel for recurring revenue growth. Several factors influence the company's profit margins. Commodity costs for steel, brass, and other raw materials directly impact manufacturing expenses, while supply chain efficiency affects both costs and delivery capabilities. The company has strategically reduced its dependence on Chinese manufacturing from over 50% to less than 25% of cost of goods sold, improving supply chain resilience but potentially increasing near-term costs. Housing market conditions significantly influence demand, as both new construction and renovation activity drive sales across all segments. Interest rates and consumer confidence affect homeowner willingness to invest in upgrades and improvements. Additionally, the company faces pressure from low-cost imports, particularly in security products, requiring ongoing investment in marketing and innovation to maintain premium positioning.
Competitive moat
Fortune Brands Innovations possesses a moderate competitive moat built primarily on brand recognition, distribution relationships, and innovation capabilities, though this moat faces ongoing challenges from various competitive forces. The company's strongest moat lies in its established brand portfolio, particularly Moen in the water fixtures market where it holds significant market share and commands premium pricing. These brands have decades of consumer recognition and trust, supported by extensive marketing investments and professional endorsements. The company's relationships with major retailers and wholesale distributors create additional barriers to entry, as securing shelf space and distributor partnerships requires significant time and investment for new competitors. Innovation and connected products represent an emerging moat as Fortune Brands invests heavily in smart home technology. The Flo water monitoring system and Yale smart locks offer differentiated value propositions that generic manufacturers struggle to replicate, particularly given the software development and ongoing service requirements. The company's partnerships with insurance companies for water leak prevention create additional competitive advantages through alternative distribution channels. However, the moat faces significant challenges. The home products industry experiences constant pressure from low-cost imports, particularly from Chinese manufacturers offering similar products at substantially lower prices. While Fortune Brands emphasizes quality and features, price-sensitive consumers and contractors often choose cheaper alternatives. The company also competes with other established brands like Delta Faucet, Kwikset locks, and various door manufacturers, limiting pricing power in many categories. The cyclical nature of the housing and renovation markets creates additional vulnerability, as demand can decline significantly during economic downturns regardless of brand strength. Additionally, large retail customers like Home Depot possess substantial bargaining power, potentially pressuring margins over time. The company's moat is best characterized as moderate but requiring continuous investment in innovation, marketing, and operational efficiency to maintain competitive positioning.
Risks & safety
Fortune Brands Innovations presents a moderate margin of safety with manageable debt levels but elevated valuation metrics and some near-term operational challenges. **Financial Stability:** • Cash position of $340 million provides adequate liquidity buffer • Debt-to-equity ratio of 1.33 indicates moderate leverage, manageable but elevated • Current ratio of 1.41 shows sufficient short-term liquidity coverage • Free cash flow turned negative at -$113 million in Q1 2025, primarily due to seasonal working capital needs **Valuation Concerns:** • P/E ratio of 36.1 appears expensive relative to cyclical industrial companies • EV/EBITDA of 17.0 suggests premium valuation that may not reflect current growth challenges • Price-to-book ratio of 3.2 indicates market expects significant future growth **Other Considerations:** • Facing $200 million potential tariff impact in 2025, requiring pricing and supply chain adjustments • Revenue declining across all segments with challenging market conditions • Strong historical cash generation provides some downside protection despite current negative free cash flow
Recent development
Over the past several years, Fortune Brands Innovations has undergone significant strategic transformation focused on three key areas: digital innovation, supply chain optimization, and portfolio focus. The company's most significant strategic pivot involves aggressive investment in connected products and digital services. The Flo smart water monitoring system has emerged as a major growth driver, with device activations reaching 200,000 in Q1 2025 and sales growing 180% year-over-year. Management expects digital sales to reach $300 million in 2025, up from $214 million in 2024, with a long-term target of over $1 billion by 2030. The company has secured partnerships with major insurance providers including Farmers Insurance, creating new distribution channels and recurring revenue opportunities through monitoring subscriptions. Supply chain diversification represents another major strategic initiative. Fortune Brands has systematically reduced its dependence on Chinese manufacturing from over 50% of cost of goods sold in 2017 to less than 25% currently, with plans to reach 10% by the end of 2025. This shift strengthens the company's North American manufacturing footprint and reduces exposure to geopolitical risks and potential tariffs, though it has required significant capital investment and operational restructuring. The company completed a portfolio rationalization in 2022 by spinning off its cabinets business, allowing management to focus exclusively on water, outdoor, and security products. More recently, Fortune Brands has made strategic acquisitions including SpringWell water filtration and Value Hybrid connected safety solutions, expanding its capabilities in high-growth connected product categories. Operational improvements include consolidating headquarters operations in Deerfield, Illinois, and implementing new organizational structures to accelerate innovation and improve efficiency. The company has also launched new marketing campaigns to combat low-quality import competition and invested in brand positioning around its "Elevate every life by transforming spaces into havens" mission.
FBIN company profile · for informational purposes only — not investment advice.
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