H.B. Fuller Company was founded in 1887 and incorporated as a Minnesota corporation in 1915. Our stock is traded on the New York Stock Exchange (“NYSE”) under the ticker symbol FUL. As used herein, “H.B. Fuller,” “we," “us,” “our,” “management” or “company” includes H.B. Fuller and its subsidiaries unless otherwise indicated. Where we refer to 2025, 2024 and 2023 herein, the reference is to our fiscal years ended November 29, 2025, November 30, 2024, and December 2, 2023, respectively. We are a leading worldwide formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Sales operations span 34 countries in North America, Europe, Latin America, Asia Pacific, India, the Middle East and Africa. Industrial adhesives represent our core product offering, which help improve the performance of our customers’ products or improve their manufacturing processes.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.5B | 3.5B | 3.6B | 3.5B | 3.7B | 3.3B |
| Net Income | 152M | 152M | 130M | 145M | 180M | 161M |
| EPS | $2.75 | $2.75 | $2.30 | $2.59 | $3.26 | $2.97 |
| Free Cash Flow | 121M | 121M | 163M | 259M | 127M | 117M |
| ROIC | -0.2% | 3.9% | 6.9% | 6.6% | 7.0% | 5.8% |
| Gross Margin | 31.1% | 31.1% | 29.8% | 28.7% | 25.7% | 25.8% |
| Debt/Equity | 1.01 | 1.01 | 1.10 | 1.05 | 1.10 | 1.00 |
| Dividends/Share | $0.91 | $0.93 | $0.86 | $0.81 | $0.74 | $0.67 |
| Operating Income | -11M | -11M | 348M | 355M | 323M | 253M |
| Operating Margin | -0.3% | -0.3% | 9.8% | 10.1% | 8.6% | 7.7% |
| ROE | 7.6% | 7.9% | 7.1% | 8.3% | 11.2% | 10.8% |
| Shares Outstanding | 55M | 55M | 57M | 56M | 55M | 54M |
FULLER H B CO passes 2 of 9 quality checks, indicating weak fundamentals.
FULLER H B CO trades at 23.5x trailing earnings, compared to its 15-year median P/E of 22.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 28.9x vs a median of 20.3x. The company's 5-year average ROIC is 6.0% with a gross margin of 28.2%. Total shareholder yield (dividends + buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is -5.2%.
FULLER H B CO (FUL) has a current P/E ratio of 23.5, compared to its historical median P/E of 22.2. The stock is currently considered Fair based on its historical valuation range.
FULLER H B CO (FUL) has a 5-year average return on invested capital (ROIC) of 6.0%. This is below average and may indicate limited pricing power.
FULLER H B CO (FUL) has a market capitalization of $3.6B. It is classified as a mid-cap stock.
Yes, FULLER H B CO (FUL) pays a dividend with a trailing twelve-month yield of 1.41%. The company also returns capital through share buybacks, with a buyback yield of 1.70%.
Based on historical P/E analysis, FULLER H B CO (FUL) appears fair. The current P/E of 23.5 is 6% above its historical median of 22.2. The estimated fair value CAGR (P/E method) is 4.8%.
FULLER H B CO (FUL) operates in the Adhesives & Sealants industry, within the Materials sector.
FULLER H B CO (FUL) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
FULLER H B CO (FUL) has a net profit margin of 4.4%. This is a modest margin.
FULLER H B CO (FUL) generated $121 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FULLER H B CO (FUL) has a debt-to-equity ratio of 1.01. This indicates moderate leverage.
FULLER H B CO (FUL) reported earnings per share (EPS) of $2.75 in its most recent fiscal year.
FULLER H B CO (FUL) has a return on equity (ROE) of 7.9%. This indicates moderate shareholder returns.
FULLER H B CO (FUL) has a 5-year average gross margin of 28.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for FULLER H B CO (FUL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FULLER H B CO (FUL) has a book value per share of $36.25, based on its most recent annual SEC filing.
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