Fortune Brands Innovations Inc. (FBIN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 516,900 | 813,900 | 939,100 | 663,900 | 575,900 |
| Revenue | US$ in thousands | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 | 5,764,600 |
| Pretax margin | 11.17% | 17.23% | 19.56% | 18.33% | 9.99% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $516,900K ÷ $4,626,200K
= 11.17%
The pretax margin of Fortune Brands Innovations Inc. has varied over the past five years, indicating fluctuations in the company's profitability before taxes. In 2023, the pretax margin decreased to 11.17% from 17.23% in 2022. This decline suggests a potential decrease in the company's ability to generate profits relative to its revenues. Compared to 2021 when the pretax margin was at 19.56%, the profitability decreased further in 2023. The pretax margin in 2020 was slightly lower at 18.33%, indicating relatively stable profitability levels at that time. In 2019, the pretax margin was at the lowest point at 9.99%, showing improved profitability over the years leading up to 2023. These fluctuations in pretax margin highlight the importance of monitoring the company's financial performance and profitability trends over time.
Peer comparison
Dec 31, 2023