NYSE : FUL
H.B. Fuller Company — Financial statements
Materials · Specialty Chemicals · United States
Last price 49.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.67B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
H.B. Fuller Company (FUL) reported revenue of 3.55B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.55B | 3.47B | 3.57B | 3.51B | 3.75B | 3.28B |
| Cost of Revenue | 2.39B | 2.38B | 2.49B | 2.49B | 2.79B | 2.43B |
| Gross Profit | 1.16B | 1.09B | 1.07B | 1.02B | 963.55M | 845.13M |
| Selling, General & Admin | 673.56M | 633.26M | 641.18M | 572.39M | 569.64M | 518.02M |
| Research & Development | 62.15M | 62.15M | 49.56M | 48.64M | 44.85M | 39.34M |
| Operating Expenses | 735.71M | 695.41M | 690.75M | 621.03M | 614.49M | 557.37M |
| Operating Income | 426.47M | 394.75M | 383.39M | 402.88M | 349.06M | 287.77M |
| Interest Expense | -108.16M | -123.93M | -118.29M | -140.53M | -104.67M | -98.20M |
| Interest & Investment Income | 8.28M | 4.82M | 4.68M | 3.94M | 7.78M | 9.48M |
| Earnings From Equity Investments | 5.87M | 3.78M | 4.11M | 4.36M | 5.67M | 7.66M |
| Currency Exchange Gain (Loss) | 17.98M | 882.00K | -2.50M | -11.62M | -12.94M | -5.96M |
| Other Non Operating Income (Expenses) | -28.53M | -10.73M | -16.62M | 7.03M | 10.83M | 27.50M |
| EBT Excluding Unusual Items | 321.92M | 269.57M | 254.78M | 266.06M | 255.73M | 228.24M |
| Merger & Restructuring Charges | -22.58M | -16.87M | -22.09M | -24.59M | 449.00K | -787.00K |
| Gain (Loss) on Sale of Investments | -1.97M | |||||
| Gain (Loss) on Sale of Assets | 2.81M | 1.30M | -46.84M | -58.00K | 1.42M | -648.00K |
| Legal Settlements | -34.80M | -34.80M | ||||
| Other Unusual Items | 500.00K | -2.89M | -2.30M | |||
| Pretax Income | 267.36M | 219.20M | 186.78M | 238.52M | 257.59M | 224.51M |
| Income Tax Expense | 69.59M | 67.13M | 56.38M | 93.53M | 77.19M | 63.03M |
| Earnings From Continuing Operations | 197.76M | 152.07M | 130.40M | 144.99M | 180.41M | 161.47M |
| Net Income to Company | 197.76M | 152.07M | 130.40M | 144.99M | 180.41M | 161.47M |
| Minority Interest in Earnings | -106.00K | -139.00K | -82.00K | -94.00K | -82.00K | |
| Net Income | 197.76M | 151.97M | 130.26M | 144.91M | 180.31M | 161.39M |
| Net Income to Common | 197.76M | 151.97M | 130.26M | 144.91M | 180.31M | 161.39M |
| Shares Outstanding (Basic) | 54.48M | 54.60M | 54.93M | 54.33M | 53.58M | 52.89M |
| Shares Outstanding (Diluted) | 55.19M | 55.35M | 56.63M | 55.96M | 55.27M | 54.31M |
| EPS (Basic) | 3.63 | 2.78 | 2.37 | 2.67 | 3.37 | 3.05 |
| EPS (Diluted) | 3.59 | 2.75 | 2.30 | 2.59 | 3.26 | 2.97 |
| Free Cash Flow | 100.03M | 121.22M | 163.20M | 259.26M | 126.55M | 117.23M |
| Free Cash Flow Per Share | 1.81 | 2.19 | 2.88 | 4.63 | 2.29 | 2.16 |
| Dividend Per Share | 0.96 | 0.93 | 0.86 | 0.81 | 0.74 | 0.67 |
| Gross Margin | 32.70% | 31.38% | 30.10% | 29.16% | 25.70% | 25.78% |
| Operating Margin | 12.00% | 11.36% | 10.74% | 11.47% | 9.31% | 8.78% |
| Profit Margin | 5.56% | 4.38% | 3.65% | 4.13% | 4.81% | 4.92% |
| Free Cash Flow Margin | 2.81% | 3.49% | 4.57% | 7.38% | 3.38% | 3.58% |
| EBITDA | 610.41M | 573.07M | 558.10M | 562.72M | 496.03M | 430.94M |
| EBITDA Margin | 17.18% | 16.50% | 15.64% | 16.03% | 13.23% | 13.15% |
| D&A For EBITDA | 183.94M | 178.32M | 174.71M | 159.84M | 146.98M | 143.17M |
| EBIT | 426.47M | 394.75M | 383.39M | 402.88M | 349.06M | 287.77M |
| EBIT Margin | 12.00% | 11.36% | 10.74% | 11.47% | 9.31% | 8.78% |
| Effective Tax Rate | 26.03% | 30.62% | 30.19% | 39.21% | 29.96% | 28.08% |
Balance sheet
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 97.23M | 107.21M | 169.35M | 179.45M | 79.91M | 61.79M |
| Cash & Short-Term Investments | 97.23M | 107.21M | 169.35M | 179.45M | 79.91M | 61.79M |
| Accounts Receivable | 648.01M | 564.34M | 558.34M | 577.93M | 607.37M | 614.64M |
| Other Receivables | 27.64M | 39.15M | 40.76M | 36.34M | 28.87M | |
| Receivables | 648.01M | 591.98M | 597.49M | 618.69M | 643.70M | 643.52M |
| Inventory | 582.64M | 471.96M | 467.50M | 442.04M | 491.78M | 448.40M |
| Prepaid Expenses | 73.23M | 52.65M | 59.59M | 56.81M | 52.82M | |
| Other Current Assets | 157.99M | 18.88M | 12.22M | 12.33M | 27.17M | 14.64M |
| Total Current Assets | 1.49B | 1.26B | 1.30B | 1.31B | 1.30B | 1.22B |
| Property, Plant & Equipment | 978.88M | 991.00M | 943.04M | 872.09M | 766.11M | 728.11M |
| Long-Term Investments | 3.81M | 49.52M | 47.90M | 48.26M | 52.46M | 60.58M |
| Goodwill | 1.70B | 1.68B | 1.53B | 1.49B | 1.39B | 1.30B |
| Other Intangible Assets | 748.69M | 805.87M | 770.23M | 729.14M | 702.09M | 687.08M |
| Long-Term Deferred Tax Assets | 38.67M | 39.30M | 42.95M | 39.05M | 37.12M | |
| Other Long-Term Assets | 511.58M | 354.32M | 301.36M | 232.53M | 211.92M | 241.63M |
| Total Assets | 5.43B | 5.18B | 4.93B | 4.72B | 4.46B | 4.27B |
| Accounts Payable | 537.13M | 470.13M | 491.44M | 439.70M | 460.67M | 500.32M |
| Accrued Expenses | 242.54M | 196.81M | 187.43M | 174.58M | 184.21M | 178.15M |
| Short-Term Debt | 587.00K | 1.84M | 28.86M | 24.98M | ||
| Current Portion of Leases | 16.64M | 15.38M | 27.46M | 11.34M | 8.92M | |
| Current Income Taxes Payable | 33.08M | 25.02M | 24.23M | 47.69M | 18.53M | 15.94M |
| Other Current Liabilities | 5.32M | 34.76M | 233.00K | 1.54M | 2.13M | 8.53M |
| Total Current Liabilities | 818.06M | 743.36M | 719.29M | 692.81M | 705.73M | 736.85M |
| Long-Term Debt | 2.19B | 2.13B | 2.06B | 1.91B | 1.74B | 1.60B |
| Long-Term Leases | 49.02M | 56.23M | 43.41M | 30.93M | 24.06M | |
| Pension & Post-Retirement Benefits | 51.52M | 53.01M | 53.59M | 52.08M | 54.58M | 74.31M |
| Long-Term Deferred Tax Liabilities | 120.21M | 141.69M | 176.38M | 183.19M | 179.40M | |
| Other Long-Term Liabilities | 201.79M | 83.83M | 73.00M | 93.79M | 142.15M | 60.53M |
| Total Liabilities | 3.26B | 3.18B | 3.10B | 2.97B | 2.85B | 2.68B |
| Common Stock | 53.82M | 54.17M | 54.66M | 54.09M | 53.68M | 52.78M |
| Additional Paid-In Capital | 285.52M | 298.02M | 322.64M | 301.49M | 266.49M | 213.64M |
| Retained Earnings | 2.15B | 2.03B | 1.92B | 1.84B | 1.74B | 1.60B |
| Comprehensive Income & Other | -325.96M | -375.05M | -473.39M | -442.88M | -451.36M | -270.25M |
| Total Common Equity | 2.17B | 2.00B | 1.83B | 1.76B | 1.61B | 1.60B |
| Minority Interest | -24.00K | 1.19M | 708.00K | 624.00K | 591.00K | |
| Shareholders' Equity | 2.17B | 2.00B | 1.83B | 1.76B | 1.61B | 1.60B |
| Total Liabilities & Equity | 5.43B | 5.18B | 4.93B | 4.72B | 4.46B | 4.27B |
| Total Debt | 2.19B | 2.20B | 2.13B | 1.98B | 1.81B | 1.66B |
| Net Cash (Debt) | -2.09B | -2.09B | -1.96B | -1.80B | -1.73B | -1.60B |
| Net Cash Per Share | -37.88 | -37.73 | -34.65 | -32.21 | -31.26 | -29.42 |
| Filing Date Shares Outstanding | 53.83M | 54.31M | 54.68M | 54.21M | 53.71M | 52.83M |
| Total Common Shares Outstanding | 53.82M | 54.17M | 54.66M | 54.09M | 53.68M | 52.78M |
| Working Capital | 667.81M | 519.91M | 579.91M | 619.29M | 593.64M | 484.32M |
| Book Value Per Share | 40.28 | 36.98 | 33.46 | 32.45 | 30.00 | 30.25 |
| Tangible Book Value | -278.89M | -482.71M | -473.79M | -460.45M | -484.55M | -389.15M |
| Tangible Book Value Per Share | -5.18 | -8.91 | -8.67 | -8.51 | -9.03 | -7.37 |
| Land | 107.29M | 108.09M | 91.32M | 84.32M | 84.49M | |
| Buildings | 459.77M | 470.11M | 447.43M | 405.04M | 395.85M | |
| Machinery | 1.24B | 1.16B | 1.06B | 957.37M | 915.91M | |
| Construction In Progress | 153.83M | 124.98M | 157.37M | 133.01M | 104.73M |
Cash flow statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 197.76M | 151.97M | 130.26M | 144.91M | 180.31M | 161.39M |
| Depreciation & Amortization | 183.94M | 178.32M | 174.71M | 159.84M | 146.98M | 143.17M |
| Other Amortization | 2.69M | |||||
| Loss (Gain) From Sale of Assets | -3.74M | -1.38M | 46.77M | 59.00K | -1.20M | 648.00K |
| Asset Writedown & Restructuring Costs | 446.00K | 924.00K | ||||
| Loss (Gain) From Sale of Investments | 1.97M | |||||
| Loss (Gain) on Equity Investments | 364.00K | -13.00K | -537.00K | 1.26M | -9.00K | 2.78M |
| Stock-Based Compensation | 24.03M | 22.05M | 21.91M | 19.91M | 24.37M | 22.37M |
| Other Operating Activities | -70.28M | -76.99M | -49.05M | -73.09M | -35.95M | 94.64M |
| Change in Accounts Receivable | -78.97M | -3.44M | 10.75M | 68.72M | -24.75M | -124.85M |
| Change in Inventory | -74.66M | -10.32M | -30.10M | 72.58M | -55.77M | -135.35M |
| Change in Accounts Payable | 81.22M | -38.16M | 47.91M | -57.75M | -22.63M | 176.34M |
| Change in Income Taxes | 3.49M | -6.09M | -23.09M | 41.19M | -12.87M | -4.14M |
| Change in Other Net Operating Assets | 25.76M | 46.61M | -29.07M | -1.92M | 58.04M | -123.68M |
| Operating Cash Flow | 289.37M | 263.49M | 302.44M | 378.40M | 256.51M | 213.32M |
| Capital Expenditures | -189.34M | -142.28M | -139.24M | -119.14M | -129.96M | -96.09M |
| Sale of Property, Plant & Equipment | 8.82M | 5.03M | 1.15M | 5.03M | 1.56M | 2.90M |
| Cash Acquisitions | -21.53M | -168.18M | -273.86M | -205.09M | -250.81M | -5.45M |
| Divestitures | 75.73M | |||||
| Investment in Securities | -2.55M | |||||
| Other Investing Activities | 4.87M | 3.93M | 3.98M | |||
| Investing Cash Flow | -202.04M | -232.25M | -407.08M | -319.20M | -375.29M | -94.66M |
| Short-Term Debt Issued | 3.46M | 9.35M | ||||
| Long-Term Debt Issued | 1.30B | 1.93B | 2.23B | 335.00M | ||
| Total Debt Issued | 1.83B | 1.30B | 1.93B | 2.23B | 338.45M | 9.35M |
| Short-Term Debt Repaid | -587.00K | -1.22M | -28.67M | |||
| Long-Term Debt Repaid | -1.31B | -1.76B | -2.13B | -159.50M | -156.50M | |
| Total Debt Repaid | -1.86B | -1.31B | -1.77B | -2.16B | -159.50M | -156.50M |
| Net Debt Issued (Repaid) | -26.34M | -5.72M | 166.81M | 78.18M | 178.96M | -147.15M |
| Issuance of Common Stock | 16.51M | 9.85M | 35.93M | 14.62M | 30.12M | 32.33M |
| Repurchase of Common Stock | -48.85M | -60.71M | -39.56M | -2.57M | -3.95M | -2.68M |
| Common Dividends Paid | -51.86M | -50.27M | -47.60M | -43.40M | -39.21M | -34.86M |
| Other Financing Activities | -15.07M | -1.05M | -3.49M | -11.69M | -5.60M | -1.70M |
| Financing Cash Flow | -125.61M | -107.90M | 112.09M | 35.14M | 160.32M | -154.07M |
| Foreign Exchange Rate Adjustments | 13.05M | 14.52M | -17.55M | 5.20M | -23.42M | -3.33M |
| Net Cash Flow | -25.23M | -62.14M | -10.10M | 99.54M | 18.12M | -38.75M |
| Free Cash Flow | 100.03M | 121.22M | 163.20M | 259.26M | 126.55M | 117.23M |
| Free Cash Flow Margin | 2.81% | 3.49% | 4.57% | 7.38% | 3.38% | 3.58% |
| Free Cash Flow Per Share | 1.81 | 2.19 | 2.88 | 4.63 | 2.29 | 2.16 |
| Levered Free Cash Flow | 151.05M | 224.56M | 265.68M | 312.06M | 96.63M | 146.23M |
| Unlevered Free Cash Flow | 218.65M | 302.02M | 339.62M | 397.20M | 162.05M | 207.61M |
| Cash Interest Paid | 132.53M | 132.53M | 134.74M | 136.96M | 83.53M | 62.75M |
| Cash Income Tax Paid | 125.27M | 125.27M | 123.09M | 71.26M | 73.45M | 72.95M |
| Change in Working Capital | -43.16M | -11.40M | -23.59M | 122.82M | -57.99M | -211.68M |
Ratios
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.78B | 3.15B | 4.20B | 4.15B | 4.28B | 3.88B |
| Enterprise Value | 4.87B | 5.26B | 6.21B | 6.00B | 6.18B | 5.50B |
| Last Close Price | 49.70 | 57.30 | 74.39 | 73.58 | 76.00 | 69.15 |
| PE Ratio | 14.39 | 20.74 | 32.25 | 28.66 | 23.75 | 24.06 |
| Forward PE | 9.86 | 12.95 | 17.31 | 17.73 | 17.43 | 18.40 |
| PS Ratio | 0.75 | 0.91 | 1.18 | 1.18 | 1.14 | 1.19 |
| PB Ratio | 1.23 | 1.57 | 2.29 | 2.37 | 2.66 | 2.43 |
| P/FCF Ratio | 26.74 | 26.00 | 25.74 | 16.02 | 33.84 | 33.13 |
| P/OCF Ratio | 9.25 | 11.96 | 13.89 | 10.98 | 16.70 | 18.21 |
| PEG Ratio | 0.57 | 0.98 | 1.36 | 1.91 | 1.06 | 0.95 |
| EV/Sales Ratio | 1.34 | 1.51 | 1.74 | 1.71 | 1.65 | 1.68 |
| EV/EBITDA Ratio | 7.81 | 9.18 | 11.12 | 10.66 | 12.46 | 12.77 |
| EV/EBIT Ratio | 11.17 | 13.33 | 16.19 | 14.88 | 17.70 | 19.12 |
| EV/FCF Ratio | 47.64 | 43.41 | 38.04 | 23.13 | 48.83 | 46.93 |
| Debt / Equity Ratio | 1.01 | 1.10 | 1.17 | 1.13 | 1.12 | 1.04 |
| Debt / EBITDA Ratio | 3.42 | 3.65 | 3.63 | 3.39 | 3.51 | 3.70 |
| Debt / FCF Ratio | 21.87 | 18.11 | 13.06 | 7.64 | 14.28 | 14.16 |
| Net Debt / Equity Ratio | 0.96 | 1.04 | 1.07 | 1.03 | 1.07 | 1.00 |
| Net Debt / EBITDA Ratio | 3.42 | 3.64 | 3.52 | 3.20 | 3.48 | 3.71 |
| Net Debt / FCF Ratio | 20.90 | 17.23 | 12.03 | 6.95 | 13.65 | 13.63 |
| Asset Turnover | 0.67 | 0.69 | 0.74 | 0.76 | 0.86 | 0.79 |
| Inventory Turnover | 4.41 | 5.07 | 5.49 | 5.33 | 5.93 | 6.31 |
| Quick Ratio | 0.91 | 0.94 | 1.07 | 1.15 | 1.02 | 0.96 |
| Current Ratio | 1.82 | 1.70 | 1.81 | 1.89 | 1.84 | 1.66 |
| Return on Equity (ROE) | 9.58% | 7.94% | 7.27% | 8.61% | 11.25% | 10.84% |
| Return on Assets (ROA) | 5.03% | 4.88% | 4.96% | 5.48% | 4.99% | 4.33% |
| Return on Invested Capital (ROIC) | 7.48% | 6.95% | 7.28% | 7.10% | 7.48% | 6.56% |
| Return on Capital Employed (ROCE) | 9.30% | 8.90% | 9.10% | 10.00% | 9.30% | 8.10% |
| Earnings Yield | 6.95% | 4.82% | 3.10% | 3.49% | 4.21% | 4.16% |
| FCF Yield | 3.74% | 3.84% | 3.89% | 6.24% | 2.96% | 3.02% |
| Dividend Yield | 1.90% | 1.59% | 1.11% | 1.05% | 0.92% | 0.90% |
| Payout Ratio | 27.31% | 33.08% | 36.54% | 29.95% | 21.74% | 21.60% |
| Buyback Yield / Dilution | 0.91% | 2.25% | -1.20% | -1.25% | -1.76% | -3.42% |
| Total Shareholder Return | 2.88% | 3.84% | -0.08% | -0.20% | -0.83% | -2.51% |