Fortune Brands Innovations (FBIN) financial statements
Fortune Brands Innovations reported revenue of $4.5B in fiscal 2025, down 1.2% a year over 9 years.
Net income was $299M and the operating margin 11.6%, against 12.4% in 2016.
Free cash flow was $367M, and the company returned $121M in dividends and $248M in net buybacks.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fortune Brands Innovations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $5.3B | $5.5B | $5.8B | $3.6B | $4.8B | $4.7B | $4.6B | $4.6B | $4.5B |
| Cost of revenue | $3.2B | $3.4B | $3.5B | $3.7B | $2.2B | $2.8B | $2.8B | $2.7B | $2.5B | $2.5B |
| Gross profit | $1.8B | $1.9B | $2.0B | $2.1B | $2.2B | $2.0B | $1.9B | $1.9B | $2.1B | $2.0B |
| Research and development | $53M | $51M | $50M | $48M | — | — | — | — | — | — |
| Selling, general and admin | $1.1B | $1.2B | $1.2B | $1.3B | $849M | $1.1B | $1.1B | $1.2B | $1.2B | $1.3B |
| Operating income | $619M | $682M | $595M | $698M | $568M | $811M | $774M | $615M | $738M | $516M |
| Interest expense | $49M | $49M | $74M | $94M | $84M | $84M | $119M | $116M | $120M | $115M |
| Pre-tax income | $582M | $635M | $537M | $575M | $499M | $726M | $667M | $518M | $606M | $405M |
| Income tax | $170M | $160M | $147M | $144M | $111M | $167M | $127M | $112M | $134M | $106M |
| Net income | $413M | $473M | $390M | $432M | $553M | $772M | $687M | $404M | $472M | $299M |
| EPS (diluted) | $2.62 | $3.03 | $2.66 | $3.06 | $3.94 | $5.54 | $5.23 | $3.17 | $3.75 | $2.47 |
| Diluted shares | 158M | 156M | 146M | 141M | 140M | 140M | 131M | 128M | 126M | 121M |
| Gross margin | 36.2% | 36.4% | 35.7% | 35.6% | 59.8% | 40.8% | 40.9% | 41.3% | 44.8% | 44.6% |
| Operating margin | 12.4% | 12.9% | 10.9% | 12.1% | 15.7% | 16.9% | 16.4% | 13.3% | 16.0% | 11.6% |
| Net margin | 8.3% | 8.9% | 7.1% | 7.5% | 15.3% | 16.1% | 14.5% | 8.7% | 10.2% | 6.7% |
Balance sheet
Fiscal years, from Fortune Brands Innovations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $252M | $323M | $263M | $388M | $419M | $426M | $642M | $366M | $381M | $264M |
| Receivables | $551M | $555M | $572M | $625M | $735M | $580M | $522M | $534M | $514M | $513M |
| Inventory | $531M | $581M | $679M | $719M | $867M | $890M | $1.0B | $982M | $960M | $1.0B |
| Total current assets | $1.4B | $1.6B | $1.7B | $1.9B | $2.2B | $2.7B | $2.5B | $2.0B | $2.0B | $2.0B |
| Property, plant and equipment | $662M | $740M | $813M | $824M | $917M | $671M | $784M | $975M | $999M | $806M |
| Goodwill | $1.8B | $1.9B | $2.1B | $2.1B | $1.5B | $1.5B | $1.6B | $1.9B | $2.0B | $2.0B |
| Total assets | $5.1B | $5.5B | $6.0B | $6.3B | $7.4B | $5.4B | $6.1B | $6.6B | $6.6B | $6.5B |
| Total current liabilities | $843M | $907M | $1.5B | $1.4B | $1.3B | $2.0B | $1.5B | $1.2B | $1.6B | $1.1B |
| Long-term debt | $1.4B | $1.5B | $1.8B | $1.8B | $2.6B | $2.3B | $2.1B | $2.7B | $2.2B | $2.5B |
| Total liabilities | $2.8B | $2.9B | $3.8B | $3.9B | $4.6B | $4.9B | $4.0B | $4.3B | $4.1B | $4.1B |
| Shareholders' equity | $2.4B | $2.6B | $2.2B | $2.4B | $2.8B | $3.1B | $2.1B | $2.3B | $2.4B | $2.4B |
| Net debt | $1.2B | $1.2B | $2.1B | $1.8B | $2.2B | $2.3B | $2.0B | $2.3B | $2.3B | $2.3B |
Cash flow
Fiscal years, from Fortune Brands Innovations's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $650M | $600M | $604M | $637M | $826M | $689M | $566M | $1.1B | $668M | $479M |
| Capital spending | $149M | $165M | $150M | $132M | $150M | $214M | $246M | $256M | $193M | $112M |
| Free cash flow | $501M | $435M | $454M | $505M | $675M | $474M | $320M | $799M | $474M | $367M |
| Stock-based compensation | $32M | $43M | $36M | $30M | $48M | $50M | $50M | $34M | $39M | $21M |
| Dividends paid | $98M | $110M | $115M | $123M | $133M | $143M | $146M | $117M | $120M | $121M |
| Share buybacks (net) | -$424M | -$215M | -$695M | -$100M | -$188M | -$448M | -$580M | -$150M | -$240M | -$248M |
| Net borrowing | $259M | $75M | $826M | -$151M | $385M | $135M | $1.1B | $595M | $0 | $370M |
| Free cash flow margin | 10.1% | 8.2% | 8.3% | 8.8% | 18.6% | 9.9% | 6.8% | 17.3% | 10.3% | 8.2% |
| Dividends per share | $0.62 | $0.71 | $0.79 | $0.87 | $0.95 | $1.03 | $1.11 | $0.91 | $0.95 | $1.00 |
Questions
What was Fortune Brands Innovations's revenue in 2025?
$4.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Fortune Brands Innovations generate?
$367M in fiscal 2025 (operating cash flow minus capital spending).
From Fortune Brands Innovations's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.