Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 17, 2026
Fortune Brands Innovations, Inc. (FBIN)
A forensic read on Fortune Brands Innovations, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.2
Distress distance
Clean
Earnings quality
4
Forensic signals
31.6
P / E (ttm)
12.5%
ROE
$4.7B
Market cap
1.39%
Dividend yield
-3.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Fortune Brands Innovations, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 4.2, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
146d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 139 to 146 FY2024→FY2025 (against cost of goods sold; inventory +7% vs -3% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
7.3%
FY2025
Return on invested capital.Return on invested capital is 7.3% in the latest fiscal year, against 18% in FY2021, having run between 7.3% and 18.1% across FY2021–FY2025 with no direction held — slightly below the ~9% cost of capital we hold this sector to — reinvestment to date is roughly a wash. The capital base behind it grew +50% across FY2021–FY2025, from $3.4B to $5.2B, while the return fell 10.8 points, so the dollars added over that window earned less than the 18% the older base was already earning.
100% of FCF
FY2025
Shareholder returns.Returned $368M to shareholders (buybacks + dividends) in FY2025 — 100% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet. That ratio has actually been EASING, not tightening further — down from ~227% of free cash flow a few years back. Counting the $21M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 106%.
-18%
FY2022→FY2023
Dividend — cut.The payout was CUT ~18% in FY2023 (from FY2022) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$4.46B
Revenue Growth YoY-3.2%
Revenue CAGR (3yr)-1.9%
Net Margin6.7%
Free Cash Flow$366.8M
Return on Equity12.5%
Debt / Equity1.07x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Fortune Brands Innovations, Inc.'s actual 10-K/10-Q/8-K filings?