Fortune Brands Innovations Inc. (FBIN)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 614,800 | 953,200 | 1,235,600 | 1,596,200 | 1,932,900 | 1,956,500 | 1,988,800 | 1,980,300 | 1,960,500 | 2,072,300 | 2,141,700 | 2,119,900 | 2,164,400 | 2,088,500 | 2,032,100 | 2,086,800 | 2,052,400 | 2,022,400 | 1,992,100 | 1,978,600 |
| Revenue (ttm) | US$ in thousands | 4,626,200 | 4,596,800 | 4,531,100 | 4,622,800 | 4,723,000 | 4,809,100 | 4,883,500 | 4,858,200 | 4,801,100 | 5,242,800 | 5,625,000 | 5,770,700 | 6,090,300 | 5,901,100 | 5,708,000 | 5,839,400 | 5,764,600 | 5,714,800 | 5,636,600 | 5,558,400 |
| Gross profit margin | 13.29% | 20.74% | 27.27% | 34.53% | 40.93% | 40.68% | 40.72% | 40.76% | 40.83% | 39.53% | 38.07% | 36.74% | 35.54% | 35.39% | 35.60% | 35.74% | 35.60% | 35.39% | 35.34% | 35.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $614,800K ÷ $4,626,200K
= 13.29%
Fortune Brands Innovations Inc. has shown fluctuations in its gross profit margin over the past few periods. The trend indicates a general decline in gross profit margin from 40.93% in December 2022 to 13.29% in December 2023. The company experienced a significant decrease in its gross profit margin during this period. However, there was a slight improvement in the margin in the subsequent quarters, with the gross profit margin increasing to 20.74% in September 2023 and further to 27.27% in June 2023.
The variations in the gross profit margin can be attributed to changes in the cost of goods sold and revenue generation during these periods. It is essential for the company to monitor and manage its production costs efficiently to maintain a healthy gross profit margin. Further analysis of the underlying factors influencing these fluctuations would be necessary to determine the sustainability and competitiveness of Fortune Brands Innovations Inc. in its industry.
Peer comparison
Dec 31, 2023