Fortune Brands Innovations Inc. (FBIN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 517,900 | 550,800 | 603,500 | 710,300 | 813,900 | 850,200 | 892,200 | 930,300 | 939,100 | 918,700 | 870,000 | 748,600 | 663,900 | 650,200 | 576,200 | 601,600 | 575,900 | 554,000 | 547,000 | 542,500 |
| 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 |
| Pretax margin | 11.19% | 11.98% | 13.32% | 15.37% | 17.23% | 17.68% | 18.27% | 19.15% | 19.56% | 17.52% | 15.47% | 12.97% | 10.90% | 11.02% | 10.09% | 10.30% | 9.99% | 9.69% | 9.70% | 9.76% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $517,900K ÷ $4,626,200K
= 11.19%
The pretax margin of Fortune Brands Innovations Inc. has exhibited fluctuations over the past five years. The trend shows a general decline in pretax margin from the end of 2020 to the end of 2023. The pretax margin was at its highest in March 2021 at 19.56% but has since decreased to 11.19% by the end of December 2023.
The decreasing trend in pretax margin may indicate challenges in controlling costs or increasing operating expenses relative to revenues. It could also suggest changes in the company's pricing strategy or competitive pressures impacting profitability. Investors and stakeholders may want to further investigate the reasons behind this declining trend to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2023