Fortune Brands Innovations Inc. (FBIN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 737,900 | 614,900 | 774,300 | 811,100 | 567,700 |
| Revenue | US$ in thousands | 4,609,000 | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 |
| Operating profit margin | 16.01% | 13.29% | 16.39% | 16.89% | 15.68% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $737,900K ÷ $4,609,000K
= 16.01%
Based on the data provided for Fortune Brands Innovations Inc., the operating profit margin has shown some fluctuations over the five-year period. The operating profit margin increased from 15.68% as of December 31, 2020, to 16.89% by December 31, 2021, indicating improved operational efficiency and cost management.
However, there was a slight decrease in the operating profit margin to 16.39% by the end of 2022. This could be attributed to various factors such as changes in revenue mix, cost structures, or external market conditions impacting the company's profitability.
By December 31, 2023, the operating profit margin experienced a larger decline to 13.29%, which may suggest potential challenges faced by the company in managing its operating expenses or generating sufficient revenues to cover costs effectively.
Nonetheless, the operating profit margin rebounded to 16.01% by the end of 2024, indicating a possible recovery in the company's profitability levels. It is important for stakeholders to closely monitor these fluctuations in the operating profit margin to assess the company's operational performance and financial health accurately.
Peer comparison
Dec 31, 2024