FBINFortune Brands Innovations, Inc.
Millwood, Veneer, Plywood, & Structural Wood Members
- Revenue
- $4.5B
- 3.2% YoY
- Operating margin
- 11.6%
- 28% YoY
- EBITDA
- $635M
- 26% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.7×
- $2.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired70% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear77% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $7.7B | $4.7B | $4.6B | $4.6B | $4.5B | 3.2% |
| Operating income | $811M | $774M | $615M | $738M | $516M | 30% |
| Net income | $772M | $687M | — | — | — | |
| Operating cash flow | $689M | $566M | $1.1B | $668M | $479M | 28% |
| Capex | $214M | $246M | $257M | $193M | $112M | 42% |
| Stock-based comp | $50M | $50M | $34M | $39M | $21M | 47% |
| Buybacks | $448M | $580M | $150M | $240M | $248M | 3.1% |
| Dividends | $143M | $146M | $117M | $120M | $121M | 0.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.