Fortune Brands Innovations Inc. (FBIN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 737,900 | 614,900 | 1,932,900 | 1,960,500 | 2,164,400 |
| Revenue | US$ in thousands | 4,609,000 | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 |
| Gross profit margin | 16.01% | 13.29% | 40.93% | 40.83% | 59.77% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $737,900K ÷ $4,609,000K
= 16.01%
Fortune Brands Innovations Inc.'s gross profit margin has shown fluctuations over the past five years. In December 2020, the company had a robust gross profit margin of 59.77%, indicating that it was able to efficiently manage its production costs and generate a significant profit from its sales.
However, there was a notable decline in the gross profit margin to 40.83% by December 2021 and a slight increase to 40.93% by December 2022. This indicates that the company's profitability from sales may have slightly decreased in 2021 but stabilized in 2022.
The most concerning trend was observed in December 2023 and December 2024, with the gross profit margin dropping significantly to 13.29% and 16.01%, respectively. This decline suggests that Fortune Brands Innovations Inc. may have experienced challenges in managing its production costs or faced pricing pressures in the market, resulting in lower profitability from its sales.
Overall, the decreasing trend in the gross profit margin from 2021 to 2024 raises red flags regarding the company's operational efficiency and profitability. Further analysis of the underlying factors contributing to these fluctuations would be necessary to understand the company's financial performance in more detail.
Peer comparison
Dec 31, 2024