The company's financial leverage remains elevated with a debt-to-equity ratio of 1.26, while $2.0 billion in goodwill represents a significant portion of the $6.5 billion total asset base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Total Current Assets | 2.02B | 1.97B | 2.01B | 2.05B | 2.46B | 2.74B | 2.21B | 1.9B | 1.69B | 1.6B | 1.44B | 1.42B | 1.3B | 1.33B | 1.23B | 953.5M | 1.47B | 1.37B |
| Cash & Short-Term Investments | 223.1M | 264M | 381.1M | 366.4M | 642.5M | 425.6M | 419.1M | 387.9M | 262.9M | 323M | 251.5M | 238.5M | 191.9M | 241.4M | 336M | 120.8M | 60.7M | 57.8M |
| Cash Only | 223.1M | 264M | 381.1M | 366.4M | 642.5M | 425.6M | 419.1M | 387.9M | 262.9M | 323M | 251.5M | 238.5M | 191.9M | 241.4M | 336M | 120.8M | 60.7M | 57.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 584.7M | 513.1M | 514.4M | 534.2M | 521.8M | 580.4M | 734.9M | 624.8M | 571.7M | 555.3M | 550.7M | 502.6M | 458.9M | 477.1M | 381.7M | 346.1M | 374.2M | 877.6M |
| Days Sales Outstanding | 46.65 | 41.96 | 40.74 | 42.15 | 40.33 | 44.12 | 74.07 | 39.56 | 38.04 | 38.36 | 40.32 | 40.06 | 41.73 | 47.02 | 44.44 | 37.95 | 42.24 | 106.53 |
| Inventory | 1.04B | 1.02B | 960.3M | 982.3M | 1.02B | 1.19B | 867.2M | 718.6M | 678.9M | 580.8M | 531.1M | 555.6M | 462.2M | 471.6M | 357.2M | 336.3M | 333M | 297.7M |
| Days Inventory Outstanding | 151.05 | 151.22 | 137.85 | 132.07 | 133.61 | 153.4 | 146.72 | 70.66 | 70.28 | 63.12 | 60.79 | 67.65 | 63.74 | 71.47 | 62.29 | 52.63 | 55.83 | 51.64 |
| Other Current Assets | 177.8M | 172.2M | 151.6M | 162.8M | 274.9M | 546M | 187.3M | 166.9M | 172.6M | 142.6M | 111.9M | 121.3M | 186.1M | 254.3M | 153M | 150.3M | 699.9M | 136.3M |
| Total Non-Current Assets | 4.52B | 4.55B | 4.55B | 4.52B | 3.66B | 5.19B | 5.15B | 4.39B | 4.28B | 3.91B | 3.68B | 3.46B | 2.75B | 2.85B | 2.65B | 2.68B | 2.79B | 2.82B |
| Property, Plant & Equipment | 1.06B | 805.9M | 1.15B | 1.15B | 783.7M | 1.01B | 917.4M | 824.2M | 813.4M | 740M | 662.5M | 627.9M | 539.8M | 534.4M | 509.4M | 525.8M | 550M | 590.2M |
| Fixed Asset Turnover | 4.34x | 5.54x | 4.02x | 4.03x | 6.03x | 4.76x | 3.95x | 6.99x | 6.74x | 7.14x | 7.52x | 7.29x | 7.44x | 6.93x | 6.15x | 6.33x | 5.88x | 5.09x |
| Goodwill | 2B | 2.01B | 1.99B | 1.91B | 1.64B | 2.47B | 2.39B | 2.09B | 2.08B | 1.91B | 1.83B | 1.76B | 1.47B | 1.52B | 1.38B | 1.37B | 1.36B | 1.36B |
| Intangible Assets | 1.21B | 1.23B | 1.3B | 1.35B | 1B | 1.38B | 1.42B | 1.17B | 1.25B | 1.16B | 1.11B | 996.7M | 656.5M | 752.9M | 683.6M | 697.3M | 798.8M | 810.6M |
| Long-Term Investments | 9.1M | 2M | 5.9M | 0 | 7.2M | 6.8M | 8.4M | 35.3M | 28.7M | -9.4M | -9.5M | -7.4M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 241.2M | 500.4M | 112M | 105.5M | 91.2M | 299.2M | 378.5M | 257.2M | 138M | 95.3M | 80M | 80M | 89.7M | 43.5M | 71.6M | 94.7M | 77.9M | 57.7M |
| Total Assets | 6.55B | 6.52B | 6.56B | 6.57B | 6.12B | 7.94B | 7.36B | 6.29B | 5.96B | 5.51B | 5.13B | 4.88B | 4.05B | 4.18B | 3.87B | 3.64B | 4.26B | 4.19B |
| Asset Turnover | 0.68x | 0.68x | 0.70x | 0.70x | 0.77x | 0.60x | 0.49x | 0.92x | 0.92x | 0.96x | 0.97x | 0.94x | 0.99x | 0.89x | 0.81x | 0.91x | 0.76x | 0.72x |
| Asset Growth % | -3.6% | -0.63% | -0.05% | 7.26% | -22.87% | 7.85% | 16.97% | 5.48% | 8.22% | 7.52% | 5.07% | 20.37% | -3.15% | 8.03% | 6.49% | -14.59% | 1.63% | - |
| Total Current Liabilities | 949M | 1.07B | 1.6B | 1.2B | 1.55B | 1.97B | 1.35B | 1.41B | 1.49B | 906.8M | 840.4M | 757.9M | 699.6M | 738.7M | 632.4M | 597.8M | 576.5M | 553M |
| Accounts Payable | 507.3M | 524.6M | 513.9M | 568.1M | 421.6M | 561M | 620.5M | 460M | 459M | 428.8M | 393.8M | 344.2M | 333.8M | 314.8M | 287M | 260.7M | 252.8M | 235.4M |
| Days Payables Outstanding | 76.05 | 77.4 | 73.77 | 76.38 | 55.15 | 72.09 | 104.98 | 45.23 | 47.52 | 46.6 | 45.08 | 41.91 | 46.03 | 47.71 | 50.05 | 40.8 | 42.38 | 40.83 |
| Short-Term Debt | 0 | 0 | 499.6M | 0 | 599.2M | 400M | 0 | 399.7M | 525M | 0 | 0 | 800K | 26.3M | 6M | 28M | 21.3M | 3M | 1.2M |
| Deferred Revenue (Current) | 25.6M | 0 | 0 | -37.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 441.7M | 547M | 57.6M | 98.9M | 2.5M | 636M | 106.9M | 439.9M | 422.2M | 372.1M | 336.4M | 294.9M | 269.7M | 60.8M | 0 | 241.1M | 105.5M | 226.4M |
| Current Ratio | 2.13x | 1.84x | 1.25x | 1.70x | 1.59x | 1.39x | 1.64x | 1.35x | 1.13x | 1.77x | 1.72x | 1.87x | 1.86x | 1.81x | 1.94x | 1.60x | 2.55x | 2.48x |
| Quick Ratio | 1.04x | 0.89x | 0.65x | 0.89x | 0.93x | 0.79x | 1.00x | 0.84x | 0.68x | 1.13x | 1.08x | 1.14x | 1.20x | 1.17x | 1.38x | 1.03x | 1.97x | 1.94x |
| Cash Conversion Cycle | 121.65 | 115.78 | 104.82 | 97.84 | 118.78 | 125.44 | 115.81 | 64.99 | 60.81 | 54.88 | 56.04 | 65.8 | 59.44 | 70.78 | 56.68 | 49.78 | 55.69 | 117.34 |
| Total Non-Current Liabilities | 3.24B | 3.06B | 2.54B | 3.07B | 2.49B | 2.9B | 3.24B | 2.45B | 2.29B | 2B | 1.92B | 1.67B | 1.09B | 793M | 856.8M | 915.6M | 3.74B | 3.8B |
| Long-Term Debt | 2.71B | 2.54B | 2.17B | 2.67B | 2.07B | 2.31B | 2.57B | 1.78B | 1.81B | 1.51B | 1.43B | 1.17B | 643.7M | 350M | 297.5M | 389.3M | 16.8M | 23.9M |
| Capital Lease Obligations | 612.1M | 0 | 121.6M | 143.3M | 95.4M | 108.8M | 140.5M | 139.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 568.5M | 146.9M | 117.4M | 111.3M | 136.9M | 81.7M | 160.5M | 157.2M | 162.6M | 166.8M | 163.5M | 201.7M | 150.6M | 252.5M | 224M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 104M | 368.6M | 124.8M | 146.5M | 182.7M | 400M | 364.9M | 372.6M | 320.9M | 329.1M | 328.1M | 293.6M | 292.5M | 327.8M | 335.3M | 526.3M | 3.72B | 3.51B |
| Total Liabilities | 4.19B | 4.13B | 4.14B | 4.27B | 4.04B | 4.87B | 4.58B | 3.86B | 3.78B | 2.91B | 2.76B | 2.42B | 1.79B | 1.53B | 1.49B | 1.51B | 4.31B | 4.35B |
| Total Debt | 2.96B | 2.54B | 2.83B | 2.81B | 2.77B | 2.82B | 2.71B | 2.32B | 2.33B | 1.51B | 1.43B | 1.17B | 670M | 356M | 325.5M | 410.6M | 19.8M | 25.1M |
| Net Debt | 2.74B | 2.28B | 2.45B | 2.45B | 2.13B | 2.39B | 2.29B | 1.94B | 2.07B | 1.18B | 1.18B | 931M | 478.1M | 114.6M | -10.5M | 289.8M | -40.9M | -32.7M |
| Debt / Equity | 1.26x | 1.07x | 1.17x | 1.23x | 1.33x | 0.92x | 0.98x | 0.96x | 1.07x | 0.58x | 0.61x | 0.48x | 0.30x | 0.13x | 0.14x | 0.19x | - | - |
| Debt / EBITDA | 4.53x | 3.12x | 3.03x | 3.59x | 2.87x | 2.82x | 3.71x | 2.73x | 3.13x | 1.85x | 1.93x | 1.91x | 1.33x | 0.86x | 1.33x | 4.28x | 0.06x | 0.14x |
| Net Debt / EBITDA | 4.19x | 2.80x | 2.63x | 3.12x | 2.20x | 2.39x | 3.14x | 2.27x | 2.78x | 1.46x | 1.59x | 1.52x | 0.95x | 0.28x | -0.04x | 3.02x | -0.13x | -0.18x |
| Interest Coverage | 5.49x | 4.52x | 5.45x | 5.45x | 6.60x | 9.62x | 6.96x | 7.11x | 8.21x | 13.85x | 12.86x | 15.42x | 38.68x | 44.13x | 16.91x | -0.34x | 1.63x | 0.59x |
| Total Equity | 2.36B | 2.39B | 2.42B | 2.29B | 2.08B | 3.06B | 2.78B | 2.43B | 2.18B | 2.6B | 2.36B | 2.45B | 2.26B | 2.65B | 2.38B | 2.12B | -54.9M | -159.3M |
| Equity Growth % | 0.6% | -1.38% | 5.61% | 10.03% | -31.99% | 10.42% | 14.32% | 11.37% | -16.19% | 10.08% | -3.7% | 8.43% | -14.7% | 11.26% | 12.25% | 3969.76% | 65.54% | - |
| Book Value per Share | 19.58 | 19.71 | 19.27 | 17.96 | 15.88 | 21.97 | 19.80 | 17.18 | 14.89 | 16.70 | 14.97 | 15.05 | 13.61 | 15.49 | 14.36 | 13.69 | -0.35 | -1.03 |
| Total Shareholders' Equity | 2.36B | 2.39B | 2.42B | 2.29B | 2.08B | 3.06B | 2.78B | 2.43B | 2.18B | 2.6B | 2.36B | 2.45B | 2.26B | 2.65B | 2.38B | 2.12B | -58.4M | -162.2M |
| Common Stock | 1.9M | 2.39B | 1.9M | 1.9M | 1.9M | 1.9M | 1.8M | 1.8M | 1.8M | 1.7M | 1.7M | 1.7M | 1.7M | 1.7M | 1.6M | 1.6M | 0 | 0 |
| Retained Earnings | 3.16B | 0 | 2.96B | 2.61B | 2.32B | 2.81B | 2.18B | 1.76B | 1.45B | 1.17B | 814.6M | 501.6M | 279.5M | 200.8M | 41M | -77.7M | -685.4M | -742.6M |
| Treasury Stock | -4.08B | 0 | -3.77B | -3.51B | -3.35B | -2.74B | -2.28B | -2.08B | -1.97B | -1.26B | -1.04B | -602.1M | -532.3M | -79.8M | -16.9M | -100K | 0 | 0 |
| Accumulated OCI | 54.4M | 0 | 42.4M | 63.3M | 37.4M | -24.6M | -55.1M | -72.6M | -67M | -39.2M | -71.9M | -52.5M | -6.7M | 95.4M | 30.6M | 10.6M | -76.3M | -90.1M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2M | 1.8M | 1.6M | 1.5M | 2.9M | 3.6M | 3.7M | 3.6M | 3.7M | 3.5M | 2.9M |
High leverage and liquidity
According to recent financial statements, FBIN's debt-to-equity ratio has climbed to 1.26 as of 2026Q1, reflecting a persistent reliance on debt financing that appears increasingly precarious given the company's ongoing struggle to maintain top-line growth and consistent operating cash flow in a high-interest rate environment.
The escalation in leverage suggests that the company is utilizing debt to bridge operational gaps rather than for strategic expansion. Investors should monitor whether this debt load limits future capital allocation flexibility, particularly if the current trend of negative free cash flow persists.
Based on reported figures, the company's cash position has dwindled to $223.1 million in 2026Q1, representing a significant decline from the $381.1 million held in 2024Q4, which may indicate a tightening liquidity profile as the firm navigates cyclical headwinds and working capital volatility.
While the current ratio of 2.13 appears superficially healthy, the rapid depletion of cash reserves suggests that the company's ability to absorb further operational shocks is diminishing. This trend warrants further investigation into the sustainability of current dividend and share repurchase programs.
As reported in quarterly filings, goodwill remains a substantial component of the asset base at $2.0 billion, which, when compared to total assets of $6.5 billion, suggests that a significant portion of the balance sheet is tied to intangible valuations that may be vulnerable to impairment.
The concentration of goodwill implies that the company's historical acquisition strategy carries long-term valuation risk if the acquired businesses fail to meet performance expectations. Analysts should scrutinize whether these intangible assets are adequately supported by the current, decelerating earnings trajectory.
Based on an analysis of the provided data, the reported debt-to-equity ratio of 1.07 in 2025Q4 appears anomalous compared to the broader historical trend, suggesting that the balance sheet may be masking underlying financial volatility or structural shifts following the recent MasterBrand spin-off.
This discrepancy makes headline leverage metrics potentially misleading and complicates the assessment of the company's true solvency. Investors should exercise caution when relying on these figures, as they may not fully capture the ongoing financial obligations inherent in the current industrial operating model.
Quick answers to the most common questions about buying FBIN stock.
As of 2025, Fortune Brands Innovations, Inc. (FBIN) had total assets of $6.52B including $1.97B in current assets.
Fortune Brands Innovations, Inc. (FBIN) carries total debt of $2.54B, offset by $264.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Fortune Brands Innovations, Inc. (FBIN) has total shareholders' equity (book value) of $2.39B ($19.71 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Fortune Brands Innovations, Inc. (FBIN) reported a current ratio of 1.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.