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Ray DalioNew position
Bridgewater Associates · Q2 2026
$2.29M
41.71K shares · 0.0% of portfolio
Fortune Brands Innovations, Inc.
Fortune Brands Innovations, Inc. (FBIN) is listed on NYSE and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in Deerfield, United States and has 10,000 employees. The company is worth $5.22B and trades at 32.9x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $4.46B in fiscal 2025, down 3.2% from the year before. Net income was $298.8M. The share price is 32.5% below its 52-week high of $64.84. It pays a dividend yielding 2.38%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Mason Hawkins (Southeastern Asset Management), at $92.62M. In that quarter, 4 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -53.4% over 5Y.
today you would have $501.51▼ -49.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 15 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $50.02 | $68.33 | $76.14 | $57.11 | $91.37 | $73.26 | $55.85 | $32.47 | $58.50 | $45.69 | $47.44 | $38.69 | $39.06 | $24.97 | $14.56 | |
| P/E | 20.9x | 20.3x | 18.2x | 24.0x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 24.3 among peers in the sector.
Median P/E of 20.9 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 8.0% a year against a 10.9% required return, from the stock’s beta.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| LPXLouisiana-pacific Corp | $74.85 | 97.2x | 3.0x | 1.60% | 3.10% | $5.23B |
| AMTMAmentum Holdings, Inc. | $21.29 | 24.2x | 1.1x | 0.00% | 4.29% | $5.21B |
| TREXTREX Co Inc | $51.07 | 28.7x | 5.2x | 0.00% | 17.74% | $5.2B |
| GHCGraham Holdings Co | $1,239.59 |
| 10.9x |
| 16.5x |
| 18.6x |
| 21.4x |
| 14.3x |
| 22.6x |
| 20.4x |
| 28.8x |
| 47.7x |
| 34.1x |
| 41.2x |
| — |
| P/S | 1.8x | 1.3x | 1.8x | 2.1x | 1.6x | 3.0x | 3.3x | 1.6x | 1.0x | 2.0x | 1.6x | 1.9x | 1.8x | 2.0x | 1.5x | 0.8x |
| P/B | 3.5x | 2.5x | 3.5x | 4.2x | 3.5x | 4.7x | 4.3x | 3.8x | 2.5x | 4.0x | 3.5x | 3.6x | 3.2x | 2.9x | 2.0x | 1.3x |
| EPS | $2.47 | $3.75 | $3.17 | $5.23 | $5.54 | $3.94 | $2.62 | $2.27 | $2.59 | $2.24 | $1.65 | $0.81 | $1.15 | $0.61 | -$0.20 |
| Dividend yield | 1.20% | 2.00% | 1.40% | 1.21% | 1.68% | 0.97% | 1.12% | 1.35% | 2.11% | 1.05% | 1.20% | 1.01% | 1.06% | 0.66% | — | — |
| Payout | 25.60% | 40.49% | 25.60% | 29.02% | 18.30% | 16.04% | 20.83% | 28.76% | 30.08% | 23.76% | 24.43% | 29.02% | 50.53% | 22.39% | — | — |
| Profit margin | 7.49% | 6.69% | 10.24% | 8.74% | 14.54% | 16.09% | 15.27% | 7.49% | 7.10% | 8.95% | 8.29% | 6.88% | 3.94% | 6.20% | 3.79% | -1.07% |
| ROE | 17.64% | 12.51% | 19.48% | 17.64% | 32.91% | 25.20% | 19.93% | 17.80% | 17.89% | 18.18% | 17.50% | 12.85% | 7.00% | 8.67% | 4.99% | -1.68% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 4 families.
Room for errors in the reported numbers.
-16.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 9.9x |
| 1.1x |
| 0.61% |
| 11.87% |
| $5.25B |
| XMTRXometry, Inc. | $89.16 | — | 8.5x | 0.00% | -7.10% | $5.11B |
| ADTADT Inc. | $6.99 | 9.3x | 1.5x | 3.15% | 17.21% | $5.11B |
