Fortune Brands Innovations Inc. (FBIN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 404,500 | 686,700 | 772,400 | 553,100 | 431,900 |
| Revenue | US$ in thousands | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 | 5,764,600 |
| Net profit margin | 8.74% | 14.54% | 16.09% | 15.27% | 7.49% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $404,500K ÷ $4,626,200K
= 8.74%
Fortune Brands Innovations Inc.'s net profit margin has exhibited fluctuations over the past five years. The net profit margin for the most recent year, ending December 31, 2023, stands at 8.74%, a decrease compared to the previous year's margin of 14.54%. This decline may raise concerns about the company's ability to efficiently convert revenue into profit.
In contrast, the company demonstrated a strong net profit margin in 2021 and 2020, with figures of 16.09% and 15.27% respectively. These results suggest effective cost management and operational efficiency during those periods.
It is worth noting that in 2019, Fortune Brands Innovations Inc. had a lower net profit margin of 7.49%, indicating a less profitable year compared to the subsequent years. Overall, the fluctuating trend in net profit margin may require further analysis to understand the factors influencing the company's profitability in order to make informed investment decisions.
Peer comparison
Dec 31, 2023