Fortune Brands Innovations Inc. (FBIN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 614,900 | 774,300 | 811,100 | 567,700 | 698,500 |
| Revenue | US$ in thousands | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 | 5,764,600 |
| Operating profit margin | 13.29% | 16.39% | 16.89% | 15.68% | 12.12% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $614,900K ÷ $4,626,200K
= 13.29%
The operating profit margin of Fortune Brands Innovations Inc. has shown some fluctuation over the past five years. In 2023, the operating profit margin decreased to 13.29% compared to 16.39% in 2022. This decline may indicate a decrease in operating efficiency or an increase in operating expenses relative to revenue.
Despite the drop in 2023, the company's operating profit margin has generally remained at healthy levels above 12% over the period analyzed. The peak operating profit margin of 16.89% was recorded in 2021, showing strong profitability that year.
Overall, while the recent decrease in operating profit margin in 2023 is noteworthy, further analysis of the company's revenue, cost structure, and operational efficiency would be necessary to fully understand the reasons behind this trend and assess the company's financial performance.
Peer comparison
Dec 31, 2023