Fortune Brands Innovations Inc. (FBIN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 471,900 | 404,500 | 686,700 | 772,400 | 553,100 |
| Revenue | US$ in thousands | 4,609,000 | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 |
| Net profit margin | 10.24% | 8.74% | 14.54% | 16.09% | 15.27% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $471,900K ÷ $4,609,000K
= 10.24%
The net profit margin for Fortune Brands Innovations Inc. has fluctuated over the past five years. In December 2020, the net profit margin stood at 15.27%, showing a decent level of profitability. By December 2021, it had improved to 16.09%, indicating an increase in efficiency in generating profits relative to revenue.
However, there was a decline in the net profit margin by December 2022, dropping to 14.54%. This could suggest potential challenges in maintaining profitability or increased costs impacting the bottom line. The trend continued in December 2023, with the net profit margin falling to 8.74%, which may raise concerns about the company's ability to effectively manage expenses relative to revenue.
Nonetheless, there was a slight recovery by December 2024, with the net profit margin improving to 10.24%. While this shows some progress, it is important for Fortune Brands Innovations Inc. to closely monitor its profit margins and implement strategies to enhance profitability to ensure long-term financial sustainability.
Peer comparison
Dec 31, 2024