Fortune Brands (FBIN) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
1.2B
Gross Profit
543.2M
45.14%
Operating Income
185.3M
15.40%
Net Income
100.3M
8.34%
Balance Sheet Metrics
Total Assets
6.6B
Total Liabilities
4.3B
Shareholders Equity
2.3B
Debt to Equity
1.86
Cash Flow Metrics
Operating Cash Flow
35.8M
Free Cash Flow
-112.6M
Revenue & Profitability Trend
Fortune Brands Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 4.6B | 4.6B | 4.7B | 4.8B | 3.6B |
| Cost of Goods Sold | 2.5B | 2.7B | 2.8B | 2.8B | 2.2B |
| Gross Profit | 2.1B | 1.9B | 1.9B | 2.0B | 1.5B |
| Gross Margin % | 44.8% | 41.3% | 40.9% | 40.8% | 40.4% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 1.3B | 1.2B | 1.1B | 1.1B | 847.5M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.3B | 1.2B | 1.1B | 1.1B | 847.5M |
| Operating Income | 742.4M | 682.5M | 815.4M | 827.5M | 592.2M |
| Operating Margin % | 16.1% | 14.8% | 17.3% | 17.2% | 16.4% |
| Non-Operating Items | |||||
| Interest Income | 5.1M | 14.2M | 5.8M | 2.1M | - |
| Interest Expense | 120.5M | 116.5M | 119.2M | 84.3M | 83.8M |
| Other Non-Operating Income | -21.5M | -62.3M | -34.9M | -18.9M | -9.2M |
| Pre-tax Income | 605.5M | 517.9M | 667.1M | 726.4M | 499.2M |
| Income Tax | 133.6M | 112.4M | 127.2M | 166.7M | 110.8M |
| Effective Tax Rate % | 22.1% | 21.7% | 19.1% | 22.9% | 22.2% |
| Net Income | 471.9M | 404.5M | 686.7M | 772.4M | 554.4M |
| Net Margin % | 10.2% | 8.7% | 14.5% | 16.1% | 15.3% |
| Key Metrics | |||||
| EBITDA | 940.5M | 865.8M | 1.0B | 1.0B | 771.4M |
| EPS (Basic) | $3.82 | $3.20 | $5.36 | $5.72 | $3.99 |
| EPS (Diluted) | $3.75 | $3.17 | $5.23 | $5.54 | $3.94 |
| Basic Shares Outstanding | 123637515 | 126287327 | 128040559 | 135064296 | 138660154 |
| Diluted Shares Outstanding | 123637515 | 126287327 | 128040559 | 135064296 | 138660154 |
Income Statement Trend
Fortune Brands Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 381.1M | 366.4M | 642.5M | 425.6M | 419.1M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 514.4M | 534.2M | 521.8M | 580.4M | 734.9M |
| Inventory | 960.3M | 982.3M | 1.0B | 889.5M | 867.2M |
| Other Current Assets | 151.6M | 162.8M | 274.8M | 135.0M | 187.3M |
| Total Current Assets | 2.0B | 2.0B | 2.5B | 2.7B | 2.2B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 148.1M | 173.8M | 118.9M | 130.7M | 170.2M |
| Goodwill | 5.3B | 5.2B | 4.3B | 4.0B | 6.2B |
| Intangible Assets | 1.3B | 1.4B | 1.0B | 968.1M | 1.4B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 117.9M | 109.0M | 116.4M | 1.9B | 247.5M |
| Total Non-Current Assets | 4.6B | 4.5B | 3.7B | 5.2B | 5.2B |
| Total Assets | 6.6B | 6.6B | 6.1B | 7.9B | 7.4B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 513.9M | 568.1M | 421.6M | 561.0M | 620.5M |
| Short-term Debt | 499.6M | - | 599.2M | 400.0M | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | 363.7M | - |
| Total Current Liabilities | 1.6B | 1.2B | 1.5B | 2.0B | 1.3B |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.3B | 2.8B | 2.2B | 2.4B | 2.7B |
| Deferred Tax Liabilities | 117.4M | 111.3M | 136.9M | 81.7M | 160.5M |
| Other Non-Current Liabilities | 92.3M | 99.2M | 102.8M | 170.2M | 205.4M |
| Total Non-Current Liabilities | 2.5B | 3.1B | 2.5B | 2.9B | 3.2B |
| Total Liabilities | 4.1B | 4.3B | 4.0B | 4.9B | 4.6B |
| Equity | |||||
| Common Stock | 1.9M | 1.9M | 1.9M | 1.9M | 1.8M |
| Retained Earnings | 3.0B | 2.6B | 2.3B | 2.8B | 2.2B |
| Treasury Stock | 3.8B | 3.5B | 3.3B | 2.7B | 2.3B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 2.4B | 2.3B | 2.1B | 3.1B | 2.8B |
| Key Metrics | |||||
| Total Debt | 2.8B | 2.8B | 2.8B | 2.8B | 2.7B |
| Working Capital | 405.1M | 845.3M | 915.7M | 773.4M | 863.4M |
Balance Sheet Composition
Fortune Brands Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 471.9M | 404.5M | 686.7M | 772.4M | 554.4M |
| Depreciation & Amortization | 193.6M | 168.8M | 191.6M | 189.1M | 163.5M |
| Stock-Based Compensation | 39.3M | 34.2M | 50.2M | 50.2M | 47.6M |
| Working Capital Changes | -15.7M | 445.6M | -279.4M | -337.1M | -75.7M |
| Operating Cash Flow | 743.5M | 1.1B | 719.7M | 723.2M | 720.3M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | -135.4M | -784.1M | -217.6M | 5.2M | -715.2M |
| Investment Purchases | - | - | - | 0 | -59.4M |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -109.6M | -781.3M | -209.4M | 7.1M | -832.4M |
| Financing Activities | |||||
| Share Repurchases | -240.4M | -150.0M | -580.1M | -447.7M | -187.6M |
| Dividends Paid | -119.6M | -116.8M | -145.6M | -143.0M | -133.3M |
| Debt Issuance | 915.0M | 1.1B | 6.0B | 1.2B | 1.8B |
| Debt Repayment | -915.0M | -1.1B | -6.7B | -1.5B | -1.5B |
| Financing Cash Flow | -378.9M | -889.3M | -1.0B | -470.4M | 46.7M |
| Free Cash Flow | 474.5M | 799.3M | 320.2M | 474.5M | 675.2M |
| Net Change in Cash | 255.0M | -604.9M | -518.3M | 259.9M | -65.4M |
Cash Flow Trend
Fortune Brands Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
18.89
Forward P/E
13.08
Price to Book
3.07
Price to Sales
1.60
PEG Ratio
13.08
Profitability Ratios
Profit Margin
8.75%
Operating Margin
16.53%
Return on Equity
16.84%
Return on Assets
6.75%
Financial Health
Current Ratio
1.98
Debt to Equity
128.01
Beta
1.40
Per Share Data
EPS (TTM)
$3.17
Book Value per Share
$19.50
Revenue per Share
$36.64
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| fbin | 7.2B | 18.89 | 3.07 | 16.84% | 8.75% | 128.01 |
| Trane Technologies | 94.2B | 33.34 | 12.03 | 39.08% | 13.76% | 58.75 |
| Johnson Controls | 68.4B | 34.84 | 4.32 | 11.65% | 9.53% | 68.32 |
| Spx Technologies | 9.3B | 41.87 | 5.73 | 15.02% | 10.27% | 66.48 |
| Armstrong World | 8.4B | 28.74 | 10.03 | 39.29% | 18.96% | 67.52 |
| Azek Company | 7.8B | 52.77 | 5.38 | 10.62% | 9.93% | 39.46 |
Financial data is updated regularly. All figures are in the company's reporting currency.