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Makes home and security products including Moen faucets, Master Lock padlocks and outdoor living/decking brands.
Makes home and security products including Moen faucets, Master Lock padlocks and outdoor living/decking brands.
Sells branded products through home-improvement chains, plumbing wholesalers and direct to builders, so demand follows both new-home construction and, more steadily, repair and remodel spending. Water products under the Moen name are the largest part. Part of its product is imported, so tariffs and freight costs matter.
Moat: narrow (brand, distribution, scale). Portfolio of well-known home-improvement brands with strong big-box retail distribution relationships.
Headquarters: Deerfield, Illinois, US · Founded: 2022 · Employees: 10,000
Size Fortune Brands Innovations (FBIN) is a United States Industrials company (Building Products) with a market value of $5.74B, the 1091st largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.08 on 6 Nov 2026.
Performance Over six months the shares gained 26.6%, against +1.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 3.0% over the last twelve months (peer median +3.7%); the operating margin is 14.0% (peer median 14.9%).
Valuation It trades at 19.7× forward earnings against a peer median of 16.1× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.6 points above its cost of capital (9.4% WACC).
Credit Fortune Brands Innovations has 4 bonds outstanding ($2.20B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 89 bp.
Short interest Short interest is 7.5% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.36B | $4.46B | $4.61B | $4.63B | $4.72B |
| Revenue growth | — | -3% | 0% | -2% | — |
| Gross profit | $1.95B | $1.95B | $2.02B | $1.84B | $1.89B |
| EBITDA | $776M | $889M | $973M | $845M | $984M |
| Net income | $128M | $299M | $472M | $404M | $687M |
| Free cash flow | $555M | $367M | $474M | $799M | $320M |
| Capital expenditure | $84.2M | $112M | $193M | $256M | $246M |
| Total debt | $2.30B | $2.79B | $2.83B | $2.85B | $2.80B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fortune Brands Innovations FBIN | $5.74B | +27% | -3% | 14% | 19.7× | 5.3% |
| Masco MAS | $15.8B | +15% | +1% | 18% | 18.0× | 4.9% |
| ASSA ABLOY ASSA-B.ST | $44.8B | +15% | 0% | 17% | 24.4× | 9.0% |
| Trex TREX | $5.58B | +36% | +9% | 19% | 26.9× | 21.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FBIN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.3% | +1.6% | highest of 21 |
| 6-month return | +26.6% | +1.5% | 2nd highest of 21 |
| Distance from 52-week high | -25.9% | -20.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -3.0% | +3.7% | 4th lowest of 21 |
| Operating margin | 14.0% | 14.9% | 10th lowest of 20 |
| Forward P/E | 19.7× | 16.1× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.3% | 4.7% | 9th most demanding of 19 |
| Growth delivered (Del g) | -6.0% | +6.3% | lowest of 19 |
| Hurdle (Req g minus delivered) | +11.3 pp | +0.4 pp | 2nd most demanding of 19 |
| ROIC minus cost of capital | +1.6 pp | +5.5 pp | 5th lowest of 20 |
| EV / EBITDA | 10.1× | 11.7× | 6th cheapest of 16 |
| Net debt / EBITDA | 2.7× | 0.6× | most indebted of 16 |
| Bond spread | 89 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fortune Brands Innovations FBIN | United States | $5.74B | +27% | -3% | 14% | 19.7× | 5.3% | -6.0% |
| Toto 5332.T | Japan | $5.40B | -1% | +5% | 8% | 18.2× | 7.8% | +5.0% |
| Sanwa 5929.T | Japan | $5.10B | +8% | +2% | 11% | 14.8× | -2.6% | +9.1% |
| SPX Technologies SPXC | United States | $7.15B | -30% | +20% | 17% | 15.3× | 15.7% | +15.0% |
| Griffon GFF | United States | $4.58B | +15% | -12% | 20% | 17.1× | 7.5% | +4.0% |
| Simpson Manufacturing SSD | United States | $8.07B | +4% | +5% | 20% | 20.9× | 13.2% | +13.0% |
| A. O. Smith AOS | United States | $8.67B | +10% | -1% | 18% | 17.3× | 4.5% | +5.8% |
| Nichias 5393.T | Japan | $3.52B | -5% | +3% | 15% | 15.2× | 7.1% | +5.1% |
| STO Express 002468.SZ | China | $3.40B | -8% | +26% | 5% | 10.2× | -12.5% | +20.8% |
| Rinnai 5947.T | Japan | $3.07B | -3% | +4% | 10% | 13.3× | -9.5% | +6.4% |
| Watsco WSO | United States | $12.7B | -28% | 0% | 9% | 24.3× | 13.2% | +7.4% |
| SPIC Industry-Finance 000958.SZ | China | $14.0B | -14% | +102% | n/a | 22.2× | n/a | n/a |
| Shanghai Mechanical & Electrical Industry 600835.SS | China | $2.34B | -27% | -2% | 2% | 22.5× | 0.6% | -3.8% |
| Reliance Worldwide RWC.AX | Australia | $2.33B | +47% | -5% | 12% | 16.3× | 9.9% | +7.5% |
| Carlisle Companies CSL | United States | $14.5B | +4% | +4% | 20% | 15.9× | 3.7% | +4.8% |
| Qingdao East Steel Tower Stock 002545.SZ | China | $2.25B | -50% | +23% | 32% | 8.5× | -10.2% | +13.0% |
| Masco MAS | United States | $15.8B | +15% | +1% | 18% | 18.0× | 4.9% | +1.0% |
| Jangho 601886.SS | China | $2.01B | +26% | +14% | 5% | 15.0× | -0.1% | +3.9% |
| Kajaria Ceramics KAJARIACER.NS | India | $1.96B | +7% | +14% | 16% | 26.1× | 26.2% | +11.7% |
| Tecnoglass TGLS | United States | $1.95B | +10% | +10% | 18% | 13.8× | n/a | n/a |
| Hyundai Elevator 017800.KS | South Korea | $1.79B | -31% | -9% | 9% | 9.4× | -5.5% | +6.3% |
Fortune Brands Innovations has 4 bonds outstanding with $2.20B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.64%, a spread of 89 bp over government bonds.