Fortune Brands Innovations Inc. (FBIN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 404,500 | 432,800 | 500,500 | 590,400 | 686,700 | 752,400 | 750,300 | 775,500 | 772,400 | 760,700 | 723,200 | 621,800 | 553,100 | 493,600 | 434,600 | 456,300 | 431,900 | 413,000 | 407,200 | 399,300 |
| 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 |
| Net profit margin | 8.74% | 9.42% | 11.05% | 12.77% | 14.54% | 15.65% | 15.36% | 15.96% | 16.09% | 14.51% | 12.86% | 10.78% | 9.08% | 8.36% | 7.61% | 7.81% | 7.49% | 7.23% | 7.22% | 7.18% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $404,500K ÷ $4,626,200K
= 8.74%
The net profit margin of Fortune Brands Innovations Inc. has shown some fluctuations over the past few quarters. The net profit margin measures the company's profitability by expressing its net income as a percentage of total revenue.
From Dec 31, 2019, to Sep 30, 2022, the net profit margin generally increased, reaching a peak of 16.09% on Mar 31, 2022. This trend indicates efficient cost management and revenue generation during this period.
However, the net profit margin started declining from Mar 31, 2022, reaching its lowest point of 7.23% on Mar 31, 2020. This decrease could suggest challenges in maintaining profitability, possibly due to increased expenses or reduced revenue relative to the company's size.
Since Mar 31, 2020, there has been a slight recovery in the net profit margin, with the latest figure reported at 8.74% on Dec 31, 2023. This recovery may indicate efforts by the company to address the earlier profitability challenges.
Overall, while the net profit margin of Fortune Brands Innovations Inc. has experienced fluctuations, it remains important to monitor future trends to assess the company's continuing profitability and financial health.
Peer comparison
Dec 31, 2023