| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 63 | 33.1x | 17.8x | Around median | |
Growth | 11 | -2.3% | 7.1% | Bottom tier | |
Quality | 69 | 5.3% | 4.5% | Top tier | |
Safety | 48 | 5.4x | 2.6x | Around median | |
Capital Return | 28 | 2.50% | 2.12% | Bottom tier | |
Momentum | 21 | -11.4% | 2.9% | Bottom tier | |
Sentiment | 90 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Fortune Brands Innovations operates through three main segments: Water, Outdoors, and Security, and its business is built on brands including Moen, Therma-Tru, and Master Lock, alongside the Moen Flo business and Yale connected locks. The company generates revenue from the sale of water products, doors, security products, and connected locks through wholesale, retail, e-commerce, and trade channels, with clear exposure to the repair and remodeling and new home construction markets.
In Q2 fiscal 2026, revenue was $1.2 billion, down 4%, and gross profit according to EDGAR data was approximately $590.7 million, while net income under those data was a loss of $22.5 million and earnings per share were negative $0.19. Based on the adjusted metrics before charges and gains used in the earnings call, operating income was $236 million, up 18.4%, operating margin reached 20.4%, up 390 basis points, and adjusted earnings per share were $1.35; however, the tariff refund added $81 million to operating income, $0.52 to earnings per share, and 700 basis points to the margin.
Water led the revenue mix with sales of $605 million, but declined 6.5%, while Outdoors recorded sales of $365 million, down 3.8%, and Security generated sales of $184 million, up 3.8%. For fiscal 2025, revenue was $4.5 billion and net income was $298.8 million, while figures for the twelve months ended in 2026 show revenue of $4.4 billion and net income of $271.7 million, reflecting a decline in financial scale compared with the previous year.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on FBIN is “Neutral,” with an average price target of $58.30 and a wide range between $44 and $70; the average is below the 52-week range high of $64.84, while the highest target exceeds that high. No displayed price-to-earnings ratio is available, and the breadth of the targets reflects the market's balance between the cost-reduction program and cash flow on one hand, and weakness in Water, the reduced underlying earnings outlook, and tariff and commodity pressures on the other.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Adjusted earnings per share were $1.35 versus analyst estimates of $0.81 and earnings of $1.00 in the comparable period. The result benefited from $81 million in net tariff refunds, which added $0.52 to earnings per share and 700 basis points to operating margin. Excluding this benefit, the company said its Q2 fiscal 2026 results were in line with its expectations.
Water sales in Q2 fiscal 2026 declined 6.5% to $605 million, or 5.4% excluding China, with low-single-digit price growth and a high-single-digit volume decline. Management attributed approximately half of the sales decline to the continuing effect of previous market share losses and approximately the other half to service issues and the inability to meet demand. Expedited freight, distribution center, and higher-cost supplier expenses also reduced the underlying margin by approximately an additional 200 basis points.
Moen launched the SwivelControl faucet, which provides directional control, hands-free operation, and automatic redocking, alongside the Retrofit Wand to add the feature to existing Moen faucets. Master Lock launched the Elite lock with enhanced materials and security features to address forced-entry concerns, and its sales exceeded the company's initial expectations. In Q2 fiscal 2026, new Yale and Master Lock products added approximately 200 basis points to Security sales growth.
The company expects fiscal 2026 net sales to decline by a low-single-digit percentage, with the result slightly below the midpoint of the range. The adjusted earnings-per-share range is between $3.22 and $3.52, including $0.52 from the tariff refund, or between $2.70 and $3.00 excluding that benefit. For Q3 fiscal 2026, it expects sales to decline between 1% and 2%, earnings per share of between $0.72 and $0.76, and an operating margin of between 12.5% and 13%.
The company is targeting annual savings of approximately $70 million by Q1 fiscal 2027, with $15 million of those savings to be realized during fiscal 2026. Free cash flow was $179 million in Q2 fiscal 2026, compared with $119 million in the comparable period, driven primarily by inventory reductions. Management will balance organic investment with reducing net debt of approximately $2.3 billion to lower the net debt-to-EBITDA ratio from 2.7 times to below 2.5 times.
Management confirmed on the August 4, 2026 call that the Fiberon review is underway and that it has engaged advisers to determine the appropriate outcome. The process is intended to maximize shareholder value and focus investment and management attention on the brands where the company believes it has a clear right to compete. Management did not specify a timeline or final outcome for the review, so the available information does not support assuming either a sale or retention of the business.
