Fortune Brands Innovations Inc. (FBIN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 614,800 | 663,200 | 659,400 | 726,300 | 774,300 | 573,200 | 667,100 | 742,500 | 811,100 | 1,063,100 | 1,016,700 | 894,800 | 801,400 | 760,700 | 688,500 | 717,900 | 698,500 | 646,100 | 625,200 | 611,400 |
| 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 |
| Operating profit margin | 13.29% | 14.43% | 14.55% | 15.71% | 16.39% | 11.92% | 13.66% | 15.28% | 16.89% | 20.28% | 18.07% | 15.51% | 13.16% | 12.89% | 12.06% | 12.29% | 12.12% | 11.31% | 11.09% | 11.00% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $614,800K ÷ $4,626,200K
= 13.29%
Fortune Brands Innovations Inc. has shown fluctuating operating profit margins over the past five years. The operating profit margin has ranged from a low of 11.00% in March 2019 to a high of 20.28% in September 2021. The company experienced a notable decline in operating profit margin in the most recent quarter, dropping to 13.29% in December 2023 from 15.71% in March 2023.
While the general trend has been positive over the years, with operating profit margins generally increasing from 2019 to 2021, there have been some periods of volatility. It is important to investigate the factors contributing to the fluctuations in operating profit margins, such as changes in sales revenue, cost structures, and operational efficiencies, to better understand the company's financial performance and prospects for future profitability.
Peer comparison
Dec 31, 2023