FBIN Fortune Brands Innovations, Inc. Common Stock
$45.91
Price · Aug 18, 2026
Fundamentals as of Aug 5, 2026
52W Range
$32–$65
42% of range
Analyst Rating
HOLD
23 analysts
Price Target
$57
+25% upside
P/E (TTM)
18.6
ROE
12.6%
Net Profit Margin
6.7%
About Fortune Brands Innovations, Inc. Common Stock Company overview from Wikipedia
Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and posted full-year 2021 net sales of $7.7 billion.
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Fortune Brands Innovations, Inc. (or "Fortune Brands") is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and posted full-year 2021 net sales of $7.7 billion.
History
Fortune Brands Home & Security, Inc. began trading on the New York Stock Exchange under the ticker symbol FBHS on October 3, 2011. Prior to its spin-off, the company operated as a division of the former Fortune Brands, Inc. holding company. Following the separation, Fortune Brands, Inc. changed its name to Beam Inc. and retained no ownership interest in Fortune Brands Home & Security, Inc.
In August 2022, Fortune Brands acquired Aqualisa Holdings, a shower products manufacturer, for $160 million.
In March 2026, the company announced it would restart its search for a new chief executive and rescind its appointment of Amit Banati, who had planned to assume the role in May.
Business segments
As of April 28, 2022, Fortune Brands has three reporting segments: Water Innovations, Outdoors & Security, and Cabinets.
Water Innovations
Fortune Brands' Water Innovations segment (formerly the Global Plumbing Group) is headquartered in North Olmsted, Ohio. The segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals, predominantly under the Moen and House of Rohl brands, which includes luxury branded plumbing products from Riobel, Perrin & Rowe, Victoria + Albert and Shaws. In addition to offering faucets, showers, tubs, sinks and accessories, the Moen brand is expanding its home whole water management and digital offerings with the Moen Smart Water Network.
Outdoors & Security
Fortune Brands' Outdoors & Security segment is headquartered in Maumee, Ohio. Formerly operating under "Doors & Security", its name was changed to Outdoors & Security in November 2020 preceding the acquisition of Larson in December 2020. The Outdoors & Security segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand name, storm, screen and security doors under the Larson brand name, composite decking and railing under the Fiberon brand name, and urethane millwork under the Fypon brand name. Fortune Brands acquired Solar Innovations in January 2022 to support the segment’s outdoor living strategy. The Outdoors & Security segment also manufactures, sources and distributes locks, safety and security devices, and electronic security products under the Master Lock and American Lock brands and fire resistant safes, security containers and commercial cabinets under the SentrySafe brand.
Cabinets
Fortune Brands' previously had a Cabinets segment that was headquartered in Jasper, Indiana. MasterBrand Cabinets manufacturers and sells stock and semi-custom and custom cabinetry, as well as vanities for the kitchen, bath and other parts of the home. Brands within the MasterBrand Cabinets portfolio include Omega, Decora, Diamond, Aristokraft, Urbana, Mantra, and more. In April of 2022 Fortune Brands announced its intent to separate into two separate publicly traded companies via a tax-free spin-off of the Cabinets business.
Mergers, acquisitions and divestitures
Fortune Brands Home & Security, Inc. spun-off from Fortune Brands, Inc. on October 3, 2011, and began trading as a separate company on the NYSE. Below is the timeline of mergers, acquisitions and divestitures from the time of the spin-off:
June 2013: Acquired WoodCrafters
July 2014: Acquired SentrySafe
September 2014: Sold Simonton Windows
May 2015: Acquired Norcraft Companies
September 2015: Sold Waterloo tool storage
May 2016: Acquired Riobel
September 2016: Acquired Rohl and Perrin & Rowe
July 2017: Acquired Shaws of England
October 2017: Acquired Victoria + Albert
August 2018: Acquired Fiberon
December 2020: Acquired Larson
January 2022: Acquired Solar Innovations
July 2022: Acquired Aqualisa Products Limited
December 2022: Spun-off MasterBrand, Inc.
July 2023: Acquired the US and Canadian part of the Yale home lock business from Assa Abloy
Financial performance
Fortune Brands' business strategy includes investing in its current brands and businesses to build on its brands' leading market positions and develop innovative products that promote growth, leverage its global supply chains to be more flexible and improve quality, costs and efficiencies and generating incremental shareholder value by deploying capital for strategic mergers & acquisitions, share repurchases and dividends.
As of the end of 2021, Fortune Brands increased its annual sales every year since its first full year as an independently traded company.
Leadership
Nicholas I. Fink is chief executive officer of Fortune Brands and is on its board of directors. He assumed the CEO role on January 6, 2020, after having served as chief operating officer of Fortune Brands, and prior to that, the president of the Fortune Brands Global Plumbing Group (now known as Water innovations). Fink succeeded Christopher J. Klein, who had held the chief executive officer role at Fortune Brands from 2011 through his retirement from CEO on December 31, 2019.
Patrick D. Hallinan is chief financial officer of Fortune Brands. He assumed the CFO role on July 1, 2017. Hallinan succeeded E. Lee Wyatt, who had held the chief financial officer role at Fortune Brands from 2011 through June 30, 2017. Wyatt retired from Fortune Brands at the end of 2017.
Board of directors
Susan Saltzbart Kilsby is the independent, non-executive chair of Fortune Brands' Board of Directors. Kilsby spent most of her career at Credit Suisse AG, holding a variety of senior positions including managing director and head of mergers and acquisitions for Europe, the Middle East and Africa from 2009 until her retirement in May 2014.
She first joined Fortune Brands' board on July 28, 2015. On January 1, 2020, she became non-executive chair of the Board of Directors, succeeding Christopher J. Klein, who had held the executive board chair position from January 1, 2020, to December 31, 2020. Prior to Klein, David M. Thomas served as chair of the board from 2011 to December 31, 2019.
All members of the board, except for Fink, are independent under the New York Stock Exchange rules.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FBIN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$45.91
Market Cap
$5.51B
P/E (TTM)
18.6
EPS (TTM)
$2.47
Revenue (TTM)
$4.46B
Div Yield
2.2%
ROE
12.6%
Debt/Equity
1.1
52W Range
$32 – $65
FBIN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$4.46B
2016-12-31
→
2025-12-27
EPS
$2.47
2016-12-31
→
2025-12-27
Free Cash Flow
$367M
2016-12-31
→
2025-12-27
Margins
6.7%
2016-12-31
→
2020-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FBIN
Peer Median
P/E (TTM)
18.6
25.9
P/S (TTM)
1.2
3.9
P/B
2.3
3.5
EV / EBITDA
15.1
—
Price / FCF
15.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FBIN
Peer Median
Operating Margin
11.6%
—
Net Profit Margin
6.7%
10.0%
ROA
4.6%
7.5%
ROE
12.6%
12.5%
ROIC
7.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FBIN
Peer Median
Debt / Equity
1.1
—
Current Ratio
1.8
2.2
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FBIN
Peer Median
Revenue YoY
-3.2%
—
Revenue CAGR 3Y
-1.9%
—
Revenue CAGR 5Y
4.3%
—
EPS YoY
-34.1%
—
Net Income YoY
-36.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FBIN
Peer Median
Payout Ratio
40.4%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
2.2%
Payout Ratio
40.4%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 22, 2026 | $0.2600 |
| Feb. 20, 2026 | $0.2600 |
| Nov. 21, 2025 | $0.2500 |
| Aug. 22, 2025 | $0.2500 |
| May 27, 2025 | $0.2500 |
| Feb. 21, 2025 | $0.2500 |
| Nov. 22, 2024 | $0.2400 |
| Aug. 23, 2024 | $0.2400 |
| May 23, 2024 | $0.2400 |
| Feb. 22, 2024 | $0.2400 |
| Nov. 22, 2023 | $0.2300 |
| Aug. 24, 2023 | $0.2300 |
| May 25, 2023 | $0.2300 |
| Feb. 23, 2023 | $0.2300 |
| Nov. 23, 2022 | $0.2393 |
| Aug. 25, 2022 | $0.2393 |
| May 26, 2022 | $0.2393 |
| Feb. 24, 2022 | $0.2393 |
| Nov. 24, 2021 | $0.2222 |
| Aug. 26, 2021 | $0.2222 |
FBIN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
23 analysts
- Strong Buy 2 8.7%
- Buy 8 34.8%
- Hold 12 52.2%
- Sell 1 4.3%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-19
Median
$55.00
Mean
$57.15
← Below all targets
$45.91
Low
$48.00
High
$70.00
Median target
$55.00
+19.8%
Mean target
$57.15
+24.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.06%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.35 | $0.82 | 0.53% |
| March 31, 2026 | $0.53 | $0.53 | -0.00% |
| Dec. 31, 2025 | $0.86 | $1.02 | -0.16% |
| Sept. 30, 2025 | $1.09 | $1.13 | -0.04% |
| June 30, 2025 | $1.00 | $0.99 | 0.01% |
| March 31, 2025 | $0.66 | $0.67 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FBIN | $6.16B | 20.8 | -3.2% | 6.7% | 12.6% | — |
| AWI | $8.20B | 27.0 | 12.1% | 19.1% | 35.5% | 40.6% |
| BLDR | $11.38B | 26.4 | -7.4% | 2.9% | 10.2% | 30.4% |
| AAON | $6.23B | 59.1 | 20.1% | 7.5% | 12.4% | 26.8% |
| CSW | $4.66B | 38.9 | 23.2% | 10.3% | 10.3% | 41.9% |
| TREX | $3.71B | 19.7 | 2.0% | 16.2% | 18.8% | 39.2% |
| UFPI | $5.25B | 18.6 | -5.0% | 4.7% | 9.4% | 16.8% |
| GFF | $3.53B | 69.9 | -4.0% | 2.0% | 35.4% | 42.0% |
| AZZ | $4.06B | 13.0 | 4.6% | 19.2% | 24.0% | 23.9% |
| HAYW | $3.36B | 22.7 | 6.7% | 13.5% | 9.8% | 48.0% |
| REZI | $5.27B | -9.3 | 10.5% | -7.0% | -19.1% | 29.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.46B | $4.61B | $4.63B | $4.72B | $4.80B | $3.62B | $5.76B | $5.49B | $5.28B | $4.98B | $4.58B | $4.01B | |
| Cost of Revenue | $2.47B | $2.54B | $2.71B | $2.79B | $2.84B | $2.16B | $3.71B | $3.53B | $3.36B | $3.19B | $3.00B | $2.65B | |
| Gross Profit | · | · | · | · | · | $2.16B | $2.05B | $1.96B | $1.93B | $1.80B | $1.58B | $1.37B | |
| R&D Expense | · | · | · | · | · | · | $48M | $50M | $51M | $53M | $49M | $46M | |
| SG&A Expense | $1.29B | $1.24B | $1.17B | $1.08B | $1.09B | $849M | $1.26B | $1.24B | $1.20B | $1.14B | $1.05B | $943M | |
| Operating Income | $516M | $738M | $615M | $774M | $811M | $568M | $698M | $595M | $682M | $619M | $496M | $404M | |
| Interest Expense | $115M | $120M | $116M | $119M | $84M | $84M | $94M | $74M | $49M | $49M | $32M | $10M | |
| Other Non-op | $4M | $-12M | $20M | $12M | $-400.0K | $15M | $-29M | $16M | $2M | $13M | $-4M | $-1M | |
| Pretax Income | $405M | $606M | $518M | $667M | $726M | $499M | $575M | $537M | $635M | $582M | $460M | $392M | |
| Income Tax | $106M | $134M | $112M | $127M | $167M | $111M | $144M | $147M | $160M | $170M | $153M | $118M | |
| Net Income | $299M | $472M | $404M | $687M | $772M | $553M | $432M | $390M | $473M | $413M | $315M | $158M | |
| EPS (Basic) | $2.48 | $3.78 | $3.19 | $5.27 | $5.62 | $3.99 | $3.09 | $2.69 | $3.08 | $2.68 | $1.97 | $0.98 | |
| EPS (Diluted) | $2.47 | $3.75 | $3.17 | $5.23 | $5.54 | $3.94 | $3.06 | $2.66 | $3.03 | $2.62 | $1.93 | $0.95 | |
| Shares (Basic) | 120,700,000 | 124,800,000 | 126,900,000 | 130,300,000 | 137,500,000 | 138,700,000 | 139,900,000 | 144,600,000 | 153,200,000 | 154,300,000 | 159,500,000 | 161,800,000 | |
| Shares (Diluted) | 121,200,000 | 125,700,000 | 127,700,000 | 131,300,000 | 139,500,000 | 140,200,000 | 141,300,000 | 146,400,000 | 155,800,000 | 157,800,000 | 163,000,000 | 166,300,000 | |
| EBITDA | $516M | $738M | $615M | $774M | $1.09B | $801M | $698M | $595M | $692M | $633M | $496M | $404M |
Balance Sheet 30
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $264M | $381M | $366M | $642M | $426M | $419M | $388M | $263M | $323M | $252M | $238M | $192M | |
| Receivables | $513M | $514M | $534M | $522M | $580M | $735M | $625M | $572M | $555M | $551M | $503M | $459M | |
| Inventory | $1.02B | $960M | $982M | $1.02B | $890M | $867M | $719M | $679M | $581M | $531M | $556M | $462M | |
| Other Current Assets | $172M | $152M | $163M | $275M | $135M | $187M | $167M | $173M | $143M | $112M | $121M | $123M | |
| Current Assets | $1.97B | $2.01B | $2.05B | $2.46B | $2.74B | $2.21B | $1.90B | $1.69B | $1.60B | $1.45B | $1.42B | $1.30B | |
| PP&E (Net) | $806M | $999M | $975M | $784M | $671M | $917M | $824M | $813M | $740M | $662M | $628M | $540M | |
| PP&E (Gross) | $1.74B | $2.02B | $1.90B | $1.61B | $1.43B | $2.15B | $1.98B | $1.91B | $1.78B | $1.63B | $1.55B | $1.40B | |
| Accum. Depreciation | $932M | $1.02B | $930M | $831M | $761M | $1.23B | $1.16B | $1.10B | $1.04B | $968M | $924M | $856M | |
| Goodwill | $2.01B | $1.99B | $1.91B | $1.64B | $1.54B | $1.47B | $2.09B | $2.08B | $1.91B | $1.83B | $1.76B | $1.47B | |
| Intangibles | $1.23B | $1.30B | $1.35B | $1.00B | $968M | $1.42B | $1.17B | $1.25B | $1.16B | $1.11B | $997M | $656M | |
| Other Non-current Assets | $129M | $115M | $109M | $116M | $108M | $248M | $144M | $138M | $95M | $80M | $78M | $72M | |
| Total Assets | $6.52B | $6.56B | $6.57B | $6.12B | $5.45B | $7.36B | $6.29B | $5.96B | $5.51B | $5.13B | $4.88B | $4.05B | |
| Accounts Payable | $525M | $514M | $568M | $422M | $561M | $620M | $460M | $459M | $429M | $394M | $344M | $334M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | $449M | $413M | $322M | |
| Short-term Debt | $0 | $500M | $0 | $599M | $400M | · | $400M | $525M | · | · | · | · | |
| Current Liabilities | $1.07B | $1.60B | $1.20B | $1.54B | $1.97B | $1.35B | $1.41B | $1.49B | $907M | $843M | $758M | $700M | |
| Capital Leases | $244M | $122M | $143M | $95M | $109M | $140M | $140M | · | · | · | · | · | |
| Deferred Tax | $147M | $117M | $111M | $137M | $82M | $160M | $157M | $163M | $167M | $164M | $202M | $151M | |
| Other Non-current Liabilities | $102M | $92M | $99M | $103M | $170M | $205M | $171M | $158M | $153M | $112M | $75M | $76M | |
| Total Liabilities | $4.13B | $4.14B | $4.27B | $4.03B | $4.87B | $4.58B | $3.86B | $3.78B | $2.91B | $2.77B | $2.42B | $1.79B | |
| Long-term Debt | $2.54B | $2.67B | $2.67B | $2.67B | $2.71B | $2.57B | $2.18B | $2.33B | $1.51B | $1.43B | $1.17B | $670M | |
| Total Debt | $2.54B | $3.17B | $2.67B | $3.27B | $3.11B | $2.57B | $2.58B | $2.86B | $1.51B | $1.43B | $1.17B | $670M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $2.52B | |
| Retained Earnings | $3.13B | $2.96B | $2.61B | $2.32B | $2.81B | $2.18B | $1.76B | $1.45B | $1.17B | $815M | $502M | $280M | |
| Treasury Stock | $4.03B | $3.77B | $3.51B | $3.35B | $2.74B | $2.28B | $2.08B | $1.97B | $1.26B | $1.04B | $602M | $532M | |
| AOCI | $64M | $42M | $63M | $37M | $-25M | $-55M | $-73M | $-67M | $-39M | $-72M | $-52M | $-7M | |
| Stockholders' Equity | $2.39B | $2.42B | $2.29B | $2.09B | $3.06B | $2.78B | $2.43B | $2.18B | $2.60B | $2.36B | $2.45B | $2.26B | |
| Liabilities + Equity | $6.52B | $6.56B | $6.57B | $6.12B | $7.94B | $7.36B | $6.29B | $5.96B | $5.51B | $5.13B | $4.88B | $4.05B | |
| Shares Outstanding | 119,956,247 | 123,637,515 | 126,287,327 | 128,040,559 | 135,064,296 | 138,660,154 | 139,555,487 | 140,498,981 | 151,906,797 | 153,412,050 | 159,906,032 | 158,140,128 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $21M | $39M | $34M | $50M | $50M | $48M | $30M | $36M | $43M | $32M | $28M | $30M | |
| Amort. of Intangibles | $75M | $73M | $62M | $48M | $46M | $24M | $41M | $36M | $32M | $28M | $22M | $13M | |
| Restructuring | $52M | $16M | $32M | $32M | $9M | $10M | $15M | $24M | $8M | $14M | $17M | $7M | |
| Operating Cash Flow | $479M | $668M | $1.06B | $566M | $689M | $826M | $637M | $604M | $600M | $650M | $429M | $266M | |
| CapEx | $112M | $193M | $256M | $246M | $214M | $150M | $132M | $150M | $165M | $149M | $128M | $128M | |
| Investing Cash Flow | $-105M | $-303M | $-1.04B | $-456M | $-207M | $-924M | $-128M | $-634M | $-288M | $-385M | $-767M | $-151M | |
| Debt Issued | $1.92B | $915M | $1.07B | $5.98B | $1.25B | $1.85B | $1.72B | $2.19B | $640M | $1.06B | $1.75B | $1.06B | |
| Net Debt Issued | $370M | $0 | $595M | $363M | $-265M | $385M | $374M | $301M | $75M | $260M | $499M | $320M | |
| Stock Repurchased | $248M | $240M | $150M | $580M | $448M | $188M | $100M | $695M | $215M | $424M | $52M | $440M | |
| Net Stock Activity | $-248M | $-240M | $-150M | $-580M | $-448M | $-188M | $-100M | $-695M | $-215M | $-424M | $-52M | $-440M | |
| Dividends Paid | $121M | $120M | $117M | $146M | $143M | $133M | $123M | $115M | $110M | $98M | $90M | $77M | |
| Financing Cash Flow | $-503M | $-363M | $-271M | $72M | $-429M | $112M | $-390M | $-7M | $-250M | $-250M | $399M | $-160M | |
| Net Change in Cash | $-118M | $-10M | $-253M | $172M | $51M | $30M | $124M | $-52M | $72M | $13M | $47M | $-50M | |
| Taxes Paid | $79M | · | · | · | · | · | · | · | · | $-600.0K | $2M | · | |
| Free Cash Flow | $367M | $474M | $799M | $320M | $474M | $675M | $505M | $454M | $435M | $501M | $283M | $126M | |
| Levered FCF | $282M | $381M | $708M | $224M | $410M | $611M | $435M | $400M | $398M | $466M | $261M | $119M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | 35.5% | 35.6% | 35.7% | 36.6% | 36.2% | 34.5% | 34.1% | |
| Operating Margin | 11.6% | 16.0% | 13.3% | 16.4% | 14.2% | 13.2% | 12.1% | 10.8% | 13.1% | 12.7% | 10.8% | 10.1% | |
| Net Margin | 6.7% | 10.2% | 8.7% | 14.5% | 10.1% | 9.1% | 7.5% | 7.1% | 8.9% | 8.3% | 6.9% | 3.9% | |
| Pretax Margin | 9.1% | 13.1% | 11.2% | 14.1% | 13.1% | 12.0% | 10.0% | 9.8% | 12.0% | 11.7% | 10.0% | 9.8% | |
| EBITDA Margin | 11.6% | 16.0% | 13.3% | 16.4% | 14.2% | 13.2% | 12.1% | 10.8% | 13.1% | 12.7% | 10.8% | 10.1% | |
| ROA | 4.6% | 7.2% | 6.4% | 11.9% | 10.1% | 8.1% | 7.0% | 6.8% | 8.9% | 8.3% | 7.0% | 3.8% | |
| ROE | 12.6% | 19.6% | 17.9% | 26.8% | 25.2% | 20.5% | 18.8% | 16.3% | 19.1% | 17.2% | 13.4% | 6.4% | |
| ROIC | 7.7% | 10.3% | 9.7% | 11.7% | 13.6% | 11.5% | 10.4% | 8.6% | 12.6% | 11.8% | 9.1% | 9.6% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.3 | 1.7 | 1.6 | 1.4 | 1.6 | 1.3 | 1.1 | 1.8 | 1.7 | 1.9 | 1.9 | |
| Quick Ratio | 0.7 | 0.6 | 0.8 | 0.8 | 0.7 | 0.9 | 0.7 | 0.6 | 1.0 | 1.0 | 1.0 | 0.9 | |
| Debt / Equity | 1.1 | 1.3 | 1.2 | 1.6 | 1.0 | 0.9 | 1.1 | 1.3 | 0.6 | 0.6 | 0.5 | 0.3 | |
| LT Debt / Equity | 1.1 | 0.9 | 1.2 | 1.0 | 0.8 | 0.9 | 0.7 | 0.8 | 0.6 | 0.6 | 0.5 | 0.3 | |
| Interest Coverage | 4.5 | 6.1 | 5.3 | 6.5 | 12.9 | 9.6 | 7.4 | 8.0 | 14.0 | 12.9 | 15.6 | 38.8 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 0.8 | 1.0 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | |
| Inventory Turnover | 2.5 | 2.6 | 2.7 | 2.9 | 4.8 | 5.0 | 5.3 | 5.6 | 6.0 | 5.9 | 5.9 | 5.9 | |
| Receivables Turnover | 8.7 | 8.8 | 8.8 | 8.6 | 9.4 | 9.0 | 9.6 | 9.7 | 9.6 | 9.5 | 9.5 | 9.3 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -3.2% | -0.37% | -2.1% | -1.6% | 32.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -1.9% | -1.4% | 8.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.3% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -34.1% | 18.3% | -39.4% | -5.6% | 40.6% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -22.1% | -12.2% | -7.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -8.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -36.7% | 16.7% | -41.1% | -11.1% | 39.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -24.2% | -15.2% | -9.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -11.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -2.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.46B | $4.61B | $4.63B | $4.72B | $4.80B | $3.62B | $5.76B | $5.49B | $5.28B | $4.98B | $4.58B | $4.01B | |
| Net Income TTM | $299M | $472M | $404M | $687M | $772M | $553M | $432M | $390M | $473M | $413M | $315M | $158M | |
| Market Cap | $6.16B | $8.56B | $9.62B | $7.31B | $12.34B | $10.16B | $7.79B | $4.56B | $8.89B | $7.01B | · | · | |
| Enterprise Value | $8.44B | $11.35B | $11.92B | $9.94B | $14.98B | $12.31B | $9.99B | $7.16B | $10.07B | $8.19B | · | · | |
| P/E | 20.8 | 18.5 | 24.0 | 10.9 | 16.5 | 18.6 | 18.3 | 12.2 | 19.3 | 17.4 | 24.6 | 40.7 | |
| P/S | 1.4 | 1.9 | 2.1 | 1.5 | 2.6 | 2.8 | 1.4 | 0.8 | 1.7 | 1.4 | · | · | |
| P/B | 2.6 | 3.5 | 4.2 | 3.5 | 4.0 | 3.7 | 3.2 | 2.1 | 3.4 | 3.0 | · | · | |
| P / Tangible Book | · | · | · | · | 22.1 | · | · | · | · | · | · | · | |
| P / Cash Flow | 12.9 | 12.8 | 9.1 | 12.9 | 17.9 | 12.3 | 12.2 | 7.6 | 14.8 | 10.8 | · | · | |
| P / FCF | 16.8 | 18.0 | 12.0 | 22.8 | 26.0 | 15.0 | 15.4 | 10.1 | 20.4 | 14.0 | · | · | |
| EV / EBITDA | 16.4 | 15.4 | 19.4 | 12.8 | 13.7 | 15.4 | 14.3 | 12.0 | 14.6 | 12.9 | · | · | |
| EV / FCF | 23.0 | 23.9 | 14.9 | 31.1 | 31.6 | 18.2 | 19.8 | 15.8 | 23.1 | 16.3 | · | · | |
| EV / Revenue | 1.9 | 2.5 | 2.6 | 2.1 | 3.1 | 3.4 | 1.7 | 1.3 | 1.9 | 1.6 | · | · | |
| Dividend Yield | 2.0% | 1.4% | 1.2% | 2.0% | 1.2% | 1.3% | 1.6% | 2.5% | 1.2% | 1.4% | · | · | |
| Earnings Yield | 4.8% | 5.4% | 4.2% | 9.2% | 6.1% | 5.4% | 5.5% | 8.2% | 5.2% | 5.7% | 4.1% | 2.5% | |
| Payout Ratio | 40.4% | 25.3% | 28.9% | 21.2% | 18.5% | 24.1% | 28.5% | 29.6% | 23.3% | 23.8% | 28.4% | 49.0% | |
| Annual Payout | $121M | $120M | $117M | $146M | $143M | $133M | $123M | $115M | $110M | $98M | $90M | $77M |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.01B | $1.08B | $1.15B | $1.20B | $1.03B | $1.10B | $1.16B | $1.24B | $1.11B | $1.16B | $1.26B | $1.04B | $1.13B | $1.20B | |
| Cost of Revenue | $563M | $576M | $606M | $630M | $660M | $578M | $596M | $626M | $699M | $622M | $666M | $721M | $632M | $660M | $717M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | · | · | · | · | $472M | $479M | |
| SG&A Expense | $344M | $353M | $325M | $313M | $339M | $315M | $310M | $298M | $320M | $312M | $306M | $321M | $261M | $267M | $253M | |
| Operating Income | $-9M | $60M | $122M | $126M | $172M | $97M | $178M | $205M | $199M | $155M | $134M | $196M | $132M | $182M | $193M | |
| Interest Expense | $27M | $26M | $27M | $29M | $31M | $29M | $28M | $30M | $32M | $30M | $29M | $33M | $27M | $34M | $33M | |
| Other Non-op | $-600.0K | $100.0K | $-2M | $-3M | $7M | $1M | $-17M | $2M | $4M | $-100.0K | $-1M | $9M | $6M | $7M | $3M | |
| Pretax Income | $-37M | $34M | $93M | $95M | $148M | $69M | $133M | $176M | $170M | $125M | $104M | $173M | $111M | $155M | $162M | |
| Income Tax | $-14M | $10M | $17M | $24M | $47M | $18M | $28M | $40M | $37M | $29M | $23M | $36M | $26M | $27M | $21M | |
| Net Income | $-22M | $24M | $76M | $71M | $100M | $51M | $105M | $137M | $134M | $96M | $81M | $136M | $85M | $110M | $204M | |
| EPS (Basic) | $-0.19 | $0.20 | $0.64 | $0.59 | $0.83 | $0.42 | $0.84 | $1.10 | $1.07 | $0.77 | $0.64 | $1.08 | $0.66 | $0.86 | $1.58 | |
| EPS (Diluted) | $-0.19 | $0.20 | $0.63 | $0.59 | $0.83 | $0.42 | $0.84 | $1.09 | $1.06 | $0.76 | $0.64 | $1.07 | $0.66 | $0.86 | $1.57 | |
| Shares (Basic) | 119,300,000 | 119,800,000 | -241,900,000 | 120,100,000 | 120,300,000 | 122,200,000 | -250,400,000 | 124,200,000 | 125,100,000 | 125,900,000 | -200,000 | 126,900,000 | 127,800,000 | -262,700,000 | 129,300,000 | |
| Shares (Diluted) | 119,300,000 | 120,200,000 | -243,000,000 | 120,500,000 | 120,700,000 | 123,000,000 | -252,200,000 | 125,100,000 | 125,800,000 | 127,000,000 | -200,000 | 127,800,000 | 128,500,000 | -264,700,000 | 130,100,000 | |
| EBITDA | $-9M | $60M | · | $126M | $172M | $97M | · | $205M | $199M | $155M | · | $196M | $132M | · | $281M |
Balance Sheet 28
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $210M | $223M | $264M | $224M | $235M | $340M | $381M | $345M | $353M | $360M | · | $453M | $539M | · | $345M | |
| Receivables | $607M | $585M | $513M | $566M | $607M | $564M | $514M | $556M | $594M | $616M | · | $579M | $559M | · | $936M | |
| Inventory | $991M | $1.04B | $1.02B | $1.04B | $1.01B | $1.00B | $960M | $963M | $990M | $1.03B | · | $930M | $931M | · | $1.50B | |
| Other Current Assets | $268M | $178M | $172M | $180M | $152M | $155M | $152M | $156M | $145M | $171M | · | $188M | $272M | · | $224M | |
| Current Assets | $2.08B | $2.02B | $1.97B | $2.01B | $2.01B | $2.06B | $2.01B | $2.02B | $2.08B | $2.17B | · | $2.15B | $2.30B | · | $3.01B | |
| PP&E (Net) | $650M | $805M | $806M | $816M | $994M | $992M | $999M | $982M | $977M | $983M | $975M | $929M | $806M | $784M | $1.10B | |
| PP&E (Gross) | $1.55B | $1.68B | $1.74B | $1.75B | $2.07B | $2.04B | $2.02B | $1.98B | $1.81B | $1.94B | · | $1.82B | $1.65B | · | $2.44B | |
| Accum. Depreciation | $897M | $874M | $932M | $937M | $1.07B | $1.05B | $1.02B | $1.00B | $836M | $955M | · | $893M | $848M | · | $1.34B | |
| Goodwill | $2.00B | $2.00B | $2.01B | $2.00B | $2.01B | $2.00B | $1.99B | $2.00B | $1.99B | $1.99B | $1.91B | $1.90B | $1.64B | $1.64B | $2.55B | |
| Intangibles | $1.11B | $1.21B | $1.23B | $1.25B | $1.27B | $1.28B | $1.30B | $1.32B | $1.34B | $1.35B | · | $1.40B | $991M | · | $1.38B | |
| Other Non-current Assets | $146M | $139M | $129M | $122M | $110M | $113M | $115M | $112M | $121M | $123M | · | $112M | $120M | · | $211M | |
| Total Assets | $6.34B | $6.55B | $6.52B | $6.52B | $6.60B | $6.58B | $6.56B | $6.60B | $6.67B | $6.79B | $6.57B | $6.62B | $5.97B | $6.12B | $8.42B | |
| Accounts Payable | $519M | $507M | $525M | $523M | $518M | $520M | $514M | $493M | $554M | $571M | · | $570M | $424M | · | $673M | |
| Short-term Debt | · | · | $0 | $0 | $0 | $500M | $500M | $500M | $499M | · | · | $0 | $600M | · | $600M | |
| Current Liabilities | $1.03B | $949M | $1.07B | $1.03B | $1.02B | $1.46B | $1.60B | $1.53B | $1.55B | $1.06B | · | $1.19B | $1.41B | · | $2.05B | |
| Capital Leases | $248M | $249M | $244M | $180M | $183M | $116M | $122M | $128M | $134M | $140M | · | $92M | $90M | · | $142M | |
| Deferred Tax | $96M | $159M | $147M | $147M | $116M | $115M | $117M | $126M | $121M | $119M | · | $126M | $143M | · | $223M | |
| Other Non-current Liabilities | $85M | $95M | $102M | $98M | $97M | $103M | $92M | $98M | $97M | $101M | · | $100M | $102M | · | $123M | |
| Total Liabilities | $4.03B | $4.19B | $4.13B | $4.14B | $4.26B | $4.28B | $4.14B | $4.20B | $4.34B | $4.51B | · | $4.40B | $3.89B | · | $5.39B | |
| Long-term Debt | · | · | $2.54B | $2.18B | $2.17B | $2.67B | $2.67B | $2.67B | $2.67B | $2.67B | · | $2.67B | $2.67B | · | $2.67B | |
| Total Debt | $2.55B | $2.71B | · | $2.65B | $2.81B | $3.45B | · | $2.78B | $2.90B | $3.04B | · | $2.83B | · | · | $3.39B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | · | $2M | |
| Retained Earnings | $3.11B | $3.16B | $3.13B | $3.12B | $3.08B | $3.01B | $2.96B | $2.88B | $2.81B | $2.70B | · | $2.55B | $2.40B | · | $3.28B | |
| Treasury Stock | $4.08B | $4.08B | $4.03B | $4.02B | $4.02B | $3.95B | $3.77B | $3.72B | $3.68B | $3.62B | · | $3.49B | $3.46B | · | $3.31B | |
| AOCI | $48M | $54M | $64M | $61M | $70M | $49M | $42M | $54M | $43M | $51M | · | $37M | $43M | · | $-2M | |
| Stockholders' Equity | $2.31B | $2.36B | $2.39B | $2.38B | $2.34B | $2.30B | $2.42B | $2.40B | $2.33B | $2.28B | $2.29B | $2.22B | $2.08B | $2.09B | $3.03B | |
| Liabilities + Equity | $6.34B | $6.55B | $6.52B | $6.52B | $6.60B | $6.58B | $6.56B | $6.60B | $6.67B | $6.79B | · | $6.62B | $5.97B | · | $8.42B | |
| Shares Outstanding | · | · | 119,956,247 | · | · | · | 123,637,515 | · | · | · | 126,287,327 | · | · | 128,040,559 | · |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $10M | $-700.0K | $1M | $4M | $8M | $7M | $10M | $10M | $10M | $10M | $8M | $10M | $10M | $10M | $12M | |
| Amort. of Intangibles | $18M | $18M | $19M | $19M | $19M | $18M | $18M | $19M | $18M | $18M | $18M | $19M | $13M | $13M | $12M | |
| Restructuring | $8M | $4M | $3M | $11M | $14M | $25M | $2M | $7M | $4M | $3M | $4M | $4M | $3M | $10M | $21M | |
| Operating Cash Flow | $203M | $-119M | $208M | $204M | $149M | $-83M | $272M | $205M | $262M | $-71M | $220M | $332M | $76M | $278M | $247M | |
| CapEx | $24M | $20M | $24M | $27M | $31M | $29M | $60M | $30M | $39M | $65M | $81M | $64M | $43M | $71M | $60M | |
| Investing Cash Flow | $-24M | $-10M | $-20M | $-27M | $-28M | $-29M | $-44M | $-28M | $-60M | $-170M | $-81M | $-66M | $-43M | $-74M | $-212M | |
| Debt Issued | $268M | $456M | $258M | $274M | $967M | $420M | $175M | $140M | $135M | $465M | $200M | $270M | $0 | $1.00B | $850M | |
| Net Debt Issued | · | $168M | · | · | · | $280M | · | · | · | $375M | · | · | $0 | · | · | |
| Stock Repurchased | $2M | $44M | $10M | $0 | $63M | $175M | $50M | $40M | $50M | $100M | $30M | $20M | $100M | $49M | $26M | |
| Net Stock Activity | · | $-44M | · | · | · | $-175M | · | · | · | $-100M | · | · | $-100M | · | · | |
| Dividends Paid | $31M | $31M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $29M | $29M | $30M | $36M | $36M | |
| Financing Cash Flow | $-193M | $90M | $-151M | $-187M | $-233M | $68M | $-180M | $-193M | $-229M | $239M | $-211M | $-488M | $-139M | $81M | $-36M | |
| Net Change in Cash | $-13M | $-41M | $40M | $-11M | $-105M | $-42M | $36M | $-8M | $-31M | $-7M | $-63M | $-228M | $-104M | $299M | $-16M | |
| Free Cash Flow | · | $-140M | · | · | · | $-113M | · | · | · | $-136M | · | · | $34M | · | · | |
| Levered FCF | · | $-158M | · | · | · | $-134M | · | · | · | $-159M | · | · | $13M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -0.78% | 5.9% | · | 11.0% | 14.3% | 9.4% | · | 17.8% | 16.1% | 14.0% | · | 15.6% | 12.7% | · | 13.7% | |
| Net Margin | -1.9% | 2.4% | · | 6.2% | 8.3% | 5.0% | · | 11.8% | 10.8% | 8.7% | · | 10.8% | 8.1% | · | 9.9% | |
| Pretax Margin | -3.2% | 3.3% | · | 8.2% | 12.3% | 6.7% | · | 15.3% | 13.8% | 11.3% | · | 13.7% | 10.7% | · | 12.2% | |
| EBITDA Margin | -0.78% | 5.9% | · | 11.0% | 14.3% | 9.4% | · | 17.8% | 16.1% | 14.0% | · | 15.6% | 12.7% | · | 13.7% | |
| ROA | -0.35% | 0.37% | · | 1.1% | 1.5% | 0.77% | · | 2.1% | 2.0% | 1.5% | · | 1.8% | · | · | 2.5% | |
| ROE | -0.97% | 1.0% | · | 3.0% | 4.3% | 2.2% | · | 5.9% | 5.9% | 4.4% | · | 5.2% | · | · | 6.7% | |
| ROIC | -0.11% | 0.85% | · | 1.9% | 2.3% | 1.2% | · | 3.1% | 3.0% | 2.2% | · | 3.1% | · | · | 3.6% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 2.1 | · | 2.0 | 2.0 | 1.4 | · | 1.3 | 1.3 | 2.0 | · | 1.8 | · | · | 1.5 | |
| Quick Ratio | 0.8 | 0.9 | · | 0.8 | 0.8 | 0.6 | · | 0.6 | 0.6 | 0.9 | · | 0.9 | · | · | 0.6 | |
| Debt / Equity | 1.1 | 1.2 | · | 1.1 | 1.2 | 1.5 | · | 1.2 | 1.2 | 1.3 | · | 1.3 | · | · | 1.1 | |
| LT Debt / Equity | 1.1 | 1.2 | · | 1.1 | 1.2 | 1.1 | · | 1.0 | 1.0 | 1.3 | · | 1.3 | · | · | 0.9 | |
| Interest Coverage | -0.3 | 2.3 | · | 4.4 | 5.5 | 3.4 | · | 6.8 | 6.2 | 5.2 | · | 5.9 | 4.9 | · | 8.5 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | · | · | 0.3 | |
| Inventory Turnover | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.6 | · | 0.7 | 0.7 | 0.6 | · | 0.6 | · | · | 1.0 | |
| Receivables Turnover | 1.9 | 1.8 | · | 2.0 | 2.0 | 1.8 | · | 2.0 | 2.0 | 1.9 | · | 1.7 | · | · | 2.2 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.52B | $4.40B | · | $4.54B | $4.63B | $4.54B | · | $4.77B | $4.77B | $4.57B | · | $4.60B | $4.62B | · | $4.81B | |
| Net Income TTM | $173M | $247M | · | $359M | $422M | $418M | · | $503M | $469M | $420M | · | $527M | $662M | · | $779M | |
| P/E | 32.1 | 18.7 | · | 18.2 | 15.1 | 18.3 | · | 22.3 | 17.6 | 25.7 | · | 15.2 | 11.7 | · | 7.9 | |
| Earnings Yield | 3.1% | 5.3% | · | 5.5% | 6.6% | 5.5% | · | 4.5% | 5.7% | 3.9% | · | 6.6% | 8.6% | · | 12.7% | |
| Payout Ratio | · | 128.9% | · | · | · | 59.3% | · | · | · | 31.2% | · | · | 34.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $4.46B | $4.61B | $4.63B | $4.72B | $4.80B |
| Operating Margin % | 11.6% | 16.0% | 13.3% | 16.4% | 14.2% |
| Net Income | $299M | $472M | $404M | $687M | $772M |
| Diluted EPS | $2.47 | $3.75 | $3.17 | $5.23 | $5.54 |
Balance Sheet
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.1 | 1.3 | 1.2 | 1.6 | 1.0 |
| Current Ratio | 1.8 | 1.3 | 1.7 | 1.6 | 1.4 |
| Quick Ratio | 0.7 | 0.6 | 0.8 | 0.8 | 0.7 |
Cash Flow
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $367M | $474M | $799M | $320M | $474M |
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Institutional owners (13F) 578 filers · $4.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 111 (+22 vs prior Q) | 61 (-23 vs prior Q) | 158 (-8 vs prior Q) | 148 (+16 vs prior Q) | +14.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Pictet Asset Management Holding SA | $375,682,866 | 6,848,264 | 8.41% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $294,353,322 | 5,361,627 | 6.59% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $284,997,539 | 5,191,212 | 6.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $235,003,777 | 4,280,580 | 5.26% | Shares |
| Garden Investment Management, L.P. | $216,580,445 | 3,944,999 | 4.85% | Shares |
| STATE STREET CORP | $210,050,749 | 3,826,061 | 4.70% | Shares |
| First Pacific Advisors, LP | $210,007,268 | 3,825,269 | 4.70% | Shares |
| Freestone Grove Partners LP | $136,062,733 | 2,478,374 | 3.04% | Shares |
| FIDUCIARY MANAGEMENT INC /WI/ | $105,850,439 | 1,928,059 | 2.37% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $103,391,578 | 1,883,271 | 2.31% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $95,533,027 | 1,740,128 | 2.14% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $94,950,769 | 1,728,979 | 2.12% | Shares |
| NORGES BANK | $92,811,579 | 1,690,557 | 2.08% | Shares |
| Point72 Asset Management, L.P. | $90,996,530 | 1,657,496 | 2.04% | Shares |
| MILLENNIUM MANAGEMENT LLC | $88,731,905 | 1,616,246 | 1.99% | Shares |
| Quantinno Capital Management LP | $83,682,361 | 1,524,268 | 1.87% | Shares |
| Atlas FRM LLC | $80,428,500 | 1,465,000 | 1.80% | Shares |
| BAMCO INC /NY/ | $63,604,505 | 1,158,552 | 1.42% | Shares |
| FIL Ltd | $62,503,650 | 1,138,500 | 1.40% | Shares |
| FIRST TRUST ADVISORS LP | $58,166,332 | 1,059,507 | 1.30% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $55,270,685 | 1,006,752 | 1.24% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $54,860,472 | 999,280 | 1.23% | Shares |
| Maple Rock Capital Partners Inc. | $54,695,882 | 996,282 | 1.22% | Shares |
| GOLDMAN SACHS GROUP INC | $50,729,591 | 924,036 | 1.13% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $49,490,867 | 901,473 | 1.11% | Shares |
| Verition Fund Management LLC | $45,818,497 | 834,581 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $41,207,226 | 750,587 | 0.92% | Shares |
| Diameter Capital Partners LP | $38,229,615 | 696,350 | 0.86% | Shares |
| Robeco Schweiz AG | $34,624,826 | 630,689 | 0.77% | Shares |
| Select Equity Group, L.P. | $32,923,530 | 599,700 | 0.74% | Call option |
| Gotham Asset Management, LLC | $31,775,571 | 578,790 | 0.71% | Shares |
| ExodusPoint Capital Management, LP | $31,479,989 | 573,406 | 0.70% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $30,268,590 | 559,597 | 0.68% | Shares |
| BANK OF AMERICA CORP /DE/ | $29,919,237 | 544,977 | 0.67% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $28,797,081 | 524,537 | 0.64% | Shares |
| JANE STREET GROUP, LLC | $24,891,660 | 453,400 | 0.56% | Put option |
| FMR LLC | $21,822,758 | 397,500 | 0.49% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $20,310,365 | 369,952 | 0.45% | Shares |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | $18,764,271 | 341,790 | 0.42% | Shares |
| REDWOOD CAPITAL MANAGEMENT, LLC | $18,226,800 | 332,000 | 0.41% | Shares |
| NEUBERGER BERMAN GROUP LLC | $18,139,719 | 330,414 | 0.41% | Shares |
| RHUMBLINE ADVISERS | $16,731,285 | 304,760 | 0.37% | Shares |
| Retirement Systems of Alabama | $15,933,078 | 290,220 | 0.36% | Shares |
| D. E. Shaw & Co., Inc. | $15,575,789 | 283,712 | 0.35% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $14,798,899 | 269,561 | 0.33% | Shares |
| GABELLI FUNDS LLC | $14,224,425 | 259,097 | 0.32% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $14,098,046 | 256,795 | 0.32% | Shares |
| California Public Employees Retirement System | $13,995,986 | 254,936 | 0.31% | Shares |
| Balyasny Asset Management L.P. | $13,467,848 | 245,316 | 0.30% | Shares |
| JANE STREET GROUP, LLC | $13,379,130 | 243,700 | 0.30% | Call option |
| Black Cypress Capital Management, LLC | $13,367,436 | 243,487 | 0.30% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $13,218,964 | 287,619 | 0.30% | Shares |
| Corient Private Wealth LP | $12,676,746 | 230,906 | 0.28% | Shares |
| Thematics Asset Management | $12,286,961 | 230,136 | 0.27% | Shares |
| HARRIS ASSOCIATES L P | $12,189,337 | 222,028 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $11,913,300 | 217,000 | 0.27% | Call option |
| Swiss National Bank | $11,880,360 | 216,400 | 0.27% | Shares |
| Vulcan Value Partners, LLC | $11,792,427 | 214,798 | 0.26% | Shares |
| AMERICAN CENTURY COMPANIES INC | $11,214,258 | 204,267 | 0.25% | Shares |
| Jain Global LLC | $11,095,619 | 202,106 | 0.25% | Shares |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | $10,620,625 | 193,454 | 0.24% | Shares |
| GAMCO INVESTORS, INC. ET AL | $10,276,951 | 187,194 | 0.23% | Shares |
| Cubist Systematic Strategies, LLC | $9,435,743 | 176,732 | 0.21% | Shares |
| BlackRock, Inc. | $9,026,219 | 164,412 | 0.20% | Shares |
| DME Capital Management, LP | $8,631,927 | 157,230 | 0.19% | Shares |
| Holocene Advisors, LP | $8,341,561 | 151,941 | 0.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,718,940 | 140,600 | 0.17% | Call option |
| MIROVA | $7,555,009 | 137,614 | 0.17% | Shares |
| AMERIPRISE FINANCIAL INC | $7,361,870 | 134,096 | 0.16% | Shares |
| Schonfeld Strategic Advisors LLC | $7,307,079 | 133,098 | 0.16% | Shares |
| BARCLAYS PLC | $7,294,728 | 132,873 | 0.16% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $7,174,112 | 130,676 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,086,108 | 129,073 | 0.16% | Shares |
| Alpha Omega Wealth Management LLC | $6,643,383 | 121,009 | 0.15% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $6,539,688 | 119,120 | 0.15% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $6,364,063 | 115,921 | 0.14% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $6,333,813 | 115,370 | 0.14% | Shares |
| Ancora Advisors LLC | $6,333,118 | 115,357 | 0.14% | Shares |
| Rafferty Asset Management, LLC | $6,299,501 | 114,745 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,165,270 | 112,300 | 0.14% | Put option |
| Focus Partners Wealth | $6,140,121 | 111,916 | 0.14% | Shares |
| Interval Partners, LP | $5,919,208 | 107,818 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,747,756 | 104,695 | 0.13% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $5,532,706 | 100,778 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,444,070 | 139,699 | 0.12% | Shares |
| VANGUARD GROUP INC | $5,423,619 | 108,429 | 0.12% | Shares |
| RAYMOND JAMES FINANCIAL INC | $5,405,627 | 98,463 | 0.12% | Shares |
| Petrus Trust Company, LTA | $5,369,220 | 97,800 | 0.12% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $5,320,853 | 96,919 | 0.12% | Shares |
| SummitTX Capital, L.P. | $5,317,889 | 96,865 | 0.12% | Shares |
| Walleye Capital LLC | $5,257,608 | 95,767 | 0.12% | Shares |
| MORGAN STANLEY | $5,255,060 | 95,720 | 0.12% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $5,187,556 | 94,491 | 0.12% | Shares |
| Vanguard Global Advisers, LLC | $5,140,946 | 93,642 | 0.12% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5,114,319 | 93,157 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $5,088,703 | 130,580 | 0.11% | Shares |
| Allianz Asset Management GmbH | $5,057,223 | 92,117 | 0.11% | Shares |
| AYAL Capital Advisors Ltd | $4,956,043 | 90,274 | 0.11% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $4,880,500 | 88,898 | 0.11% | Shares |
| Engineers Gate Manager LP | $4,869,905 | 88,705 | 0.11% | Shares |
Company insiders 53 insiders · 34 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Nicholas I. Fink | Chief Executive Officer | Feb. 28, 2026 F | 148,127 | 0 | 2 | $-1,848,292 |
| Ashley E. George | Interim CFO | May 4, 2026 A | 13,106 | 0 | 0 | $0 |
| Jonathan Baksht | EVP and CFO | Feb. 25, 2026 A | 41,103 | 0 | 0 | $0 |
| Patrick D Hallinan | EVP & CFO | Feb. 8, 2023 G | 48,826 | 0 | 0 | $0 |
| David R Banyard | President Cabinets | Oct. 31, 2022 F | 45,261 | 0 | 0 | $0 |
| Brett E Finley | President Outdoors & Security | Feb. 28, 2022 A | 55,490 | 0 | 0 | $0 |
| David Randich | President MasterBrand Cabinets | Oct. 28, 2019 S | 70,342 | 0 | 0 | $0 |
| Bauer Michael P. | President, Master Lock | Feb. 28, 2018 F | 31,071 | 0 | 0 | $0 |
| David B. Lingafelter | President, Moen Incorporated | Feb. 29, 2016 A | 78,679 | 0 | 0 | $0 |
| David D. Haddix | President, Therma-Tru | Feb. 5, 2016 F | 14,359 | 0 | 0 | $0 |
| Mark Savan | President, Therma-Tru Corp. | Feb. 23, 2015 A | 84,902 | 0 | 0 | $0 |
| Terry Horan | President - FOSS | July 29, 2014 F | 8,279 | 0 | 0 | $0 |
| John N Heppner | President-Storage & Security | March 7, 2013 M | 83,872 | 0 | 0 | $0 |
| Gregory J. Stoner | President MasterBrand Cabinets | Aug. 17, 2012 M | 96,112 | 0 | 0 | $0 |
| David V. Barry | Chief Operating Officer | July 1, 2026 A | 24,647 | 0 | 0 | $0 |
| Karen Ries | SVP & Chief Accounting Officer | July 31, 2026 F | 10,365 | 0 | 0 | $0 |
| John Dong Gu Lee | EVP Chief Digiital Innovation | July 31, 2026 F | 57,772 | 0 | 0 | $0 |
| Kristin Papesh | EVP and CHRO | March 2, 2026 F | 20,991 | 0 | 0 | $0 |
| Hiranda S Donoghue | EVP Chief Legal & Secretary | March 2, 2026 F | 31,992 | 0 | 0 | $0 |
| Ron Wilson | EVP, Chief Supply Chain | Feb. 10, 2025 S | 10,066 | 0 | 0 | $0 |
| Sheri Grissom | EVP & CTO | July 1, 2024 F | 71,089 | 0 | 0 | $0 |
| Cheri M Phyfer | EVP, Group President | March 5, 2024 M | 64,918 | 0 | 0 | $0 |
| Danny Luburic | VP & Chief Accounting Officer | July 31, 2023 F | 16,341 | 0 | 0 | $0 |
| May Russell | SVP & CDO | Feb. 28, 2022 A | 4,361 | 0 | 0 | $0 |
| Martin Thomas | SVP Ops &Supply Chain Strategy | Feb. 28, 2022 A | 32,044 | 0 | 0 | $0 |
| Robert K. Biggart | Sr. VP, General Counsel & Secy | May 4, 2021 M | 66,088 | 0 | 0 | $0 |
| Brian C Lantz | SVP Communications & Admin. | March 3, 2021 S | 18,516 | 0 | 0 | $0 |
| Christopher J Klein | Executive Chairman | Dec. 15, 2020 G | 88,000 | 0 | 0 | $0 |
| Tracey Belcourt | SVP Global Growth/Development | Feb. 28, 2019 F | 15,454 | 0 | 0 | $0 |
| Lee E Wyatt | Executive Vice President | Jan. 2, 2018 F | 106,059 | 0 | 0 | $0 |
| Edward A Wiertel | SVP-Finance | Nov. 17, 2014 M | 98,260 | 0 | 0 | $0 |
| Elizabeth R. Lane | SVP-Human Resources | Feb. 28, 2014 F | 84,235 | 0 | 0 | $0 |
| Lauren S. Tashma | SVP, General Counsel & Secy. | Aug. 1, 2013 M | 92,065 | 0 | 0 | $0 |
| Miriam Van De Sype | SVP-Strategy | Dec. 5, 2012 M | 23,018 | 0 | 0 | $0 |
| Irial Finan | Director | June 29, 2026 A | 28,365 | 0 | 0 | $0 |
| Edward P. Garden | Director | June 10, 2026 P | 3,940,234 | 4 | 0 | $28,653,958 |
| Amee Chande | Director | May 5, 2026 A | 11,753 | 0 | 0 | $0 |
| Jeffery S. Perry | Director | May 5, 2026 A | 15,094 | 0 | 0 | $0 |
| Stephanie L. Pugliese | Director | May 5, 2026 A | 12,223 | 0 | 0 | $0 |
| Brendan M Foley | Director | May 5, 2026 A | 6,725 | 0 | 0 | $0 |
| Susan S Kilsby | Director | May 5, 2026 A | 27,377 | 0 | 0 | $0 |
| Ann F Hackett | Director | May 5, 2026 A | 41,931 | 0 | 0 | $0 |
| A D David Mackay | Director | May 5, 2026 A | 29,509 | 0 | 0 | $0 |
| Amit Banati | Director | May 14, 2025 A | 10,903 | 0 | 0 | $0 |
| Ronald V Waters | Director | March 11, 2024 S | 2,435 | 0 | 0 | $0 |
| John G Morikis | Director | May 16, 2023 A | 48,843 | 0 | 0 | $0 |
| Norman H Wesley | Director | May 6, 2019 A | 19,674 | 0 | 0 | $0 |
| Richard A Goldstein | Director | April 27, 2015 A | 27,632 | 0 | 0 | $0 |
| FORTUNE BRANDS INC | 10% owner | Oct. 3, 2011 J | 0 | 0 | 0 | $0 |
| Matthew Edward Novak | — | Aug. 7, 2026 S | 10,250 | 0 | 2 | $-50,675 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| PICTET ASSET MANAGEMENT SA ×2 filings | Aug. 4, 2026 | 5.30% | Amendment | — | SEC |
| Fortune Brands Home & Security, Inc., Tahiti Acquisition Corp. ×2 filings | April 17, 2015 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 99 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ITB · iShares Trust | 1.26% | 582,203 SH | Aug. 8, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 1.11% | 191,724 NS | April 30, 2026 | N-PORT |
| NAIL · Direxion Shares ETF Trust | 0.79% | 109,138 NS | April 30, 2026 | N-PORT |
| TBLU · Tortoise Capital Series Trust | 0.75% | 10,131 NS | May 31, 2026 | N-PORT |
| SMLL · Harbor ETF Trust | 0.75% | 2,543 NS | April 30, 2026 | N-PORT |
| HOMZ · ETF Series Solutions | 0.69% | 5,992 NS | May 31, 2026 | N-PORT |
| VLLU · Harbor ETF Trust | 0.48% | 516 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.44% | 23,364 NS | April 30, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.32% | 27,255 SH | Aug. 8, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.28% | 93,386 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.26% | 6,529 NS | May 31, 2026 | N-PORT |
| GMOV · GMO ETF Trust | 0.23% | 5,277 NS | May 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.22% | 58,343 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.22% | 727,319 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.20% | 15,564 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.20% | 31,041 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.20% | 67,094 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.20% | 142,877 NS | May 31, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.19% | 8,036 NS | May 31, 2026 | N-PORT |
| XJH · iShares Trust | 0.19% | 16,135 SH | Aug. 8, 2026 | Daily |
| MIDE · DBX ETF Trust | 0.19% | 162 NS | May 29, 2026 | N-PORT |
| IJK · iShares Trust | 0.18% | 398,183 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.18% | 193,161 SH | Aug. 8, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 31,994 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.18% | 15,386 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.18% | 24,528 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.17% | 4,116,056 SH | Aug. 8, 2026 | Daily |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.16% | 17,601 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.16% | 44,092 SH | Aug. 8, 2026 | Daily |
| IJJ · iShares Trust | 0.15% | 260,920 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.14% | 13,798 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.14% | 78,750 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.13% | 4,508 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.13% | 1,646,708 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.12% | 17,914 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.11% | 380,851 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.10% | 4,147 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.10% | 1,989 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 47,208 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.09% | 4,996 SH | Aug. 8, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.09% | 324,569 NS | May 31, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.09% | 7,696 NS | May 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.08% | 130,706 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.08% | 57,809 SH | Aug. 8, 2026 | Daily |
| UMDD · ProShares Trust | 0.07% | 579 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 1,368,280 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.07% | 2,595,784 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.07% | 35,463 NS | April 30, 2026 | N-PORT |
| IYJ · iShares Trust | 0.07% | 26,231 SH | Aug. 8, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 7,229 NS | April 30, 2026 | N-PORT |