FUL Financials H.B. Fuller

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Sep 27, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 4.5% per year over the past 5 years.
Net income has grown in line with revenue (4.2% vs 4.5% per year).
Free cash flow has declined 13.1% per year over the past 5 years.

Financial health

Total debt ($2.0B) exceeds cash ($107M); net debt is $1.9B.
Total debt has grown in line with revenue (2.8% vs 4.5% per year).

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 33.1% of earnings and 41.5% of free cash flow.
The dividend has grown 8.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.5B	$152M	31.1%	0.0%	7.6%	2.9%	$121M	$2.0B	$107M
2024	$3.6B	$130M	29.8%	9.8%	7.1%	2.6%	$163M	$2.0B	$169M
2024	—	$130M	—	—	—	—	—	—	—
2023	$3.5B	$145M	28.7%	10.1%	8.3%	3.1%	$259M	$1.8B	$179M
2022	$3.7B	$180M	25.7%	8.6%	11.2%	4.0%	$127M	$1.7B	$80M
2021	$3.3B	$161M	25.8%	7.7%	10.1%	3.8%	$117M	$1.6B	$62M
2020	$2.8B	$124M	27.1%	7.8%	9.0%	3.1%	$244M	$1.8B	$101M
2019	$2.9B	$131M	27.9%	7.8%	10.7%	3.3%	$207M	$2.0B	$112M
2018	$3.0B	$171M	27.2%	7.8%	14.9%	4.1%	$185M	$2.2B	$151M
2017	$2.3B	$59M	26.0%	5.2%	5.7%	1.4%	$111M	$2.4B	$194M
2016	—	$122M	—	—	13.0%	5.9%	$132M	$666M	$142M
2015	—	$87M	—	—	9.9%	4.2%	—	$692M	$119M
2014	—	$50M	—	—	5.6%	2.7%	—	$548M	$78M
2013	—	$97M	—	—	10.4%	5.2%	—	$472M	$155M
2012	—	$126M	—	—	16.1%	7.0%	—	$498M	$200M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$938M	$79M	33.2%	0.0%	3.7%	1.5%	$28M	$2.1B	$97M
May '26	$950M	$68M	33.6%	0.0%	3.3%	1.3%	$74M	$2.1B	$114M
Feb '26	$771M	$21M	30.6%	0.0%	1.0%	0.4%	-$62M	$2.1B	$108M
Nov '25	$895M	$30M	31.5%	0.0%	1.5%	0.6%	$59M	$2.0B	$107M
Aug '25	$892M	$67M	32.0%	12.3%	3.4%	1.3%	$69M	$2.1B	$122M
May '25	$898M	$42M	31.9%	11.1%	2.2%	0.8%	$79M	$2.1B	$97M
Mar '25	$789M	$13M	28.8%	5.9%	0.7%	0.3%	-$86M	$2.2B	$106M
Nov '24	$923M	-$7M	28.7%	8.3%	-0.4%	-0.1%	$59M	$2.0B	$169M
Nov '24	—	-$7M	—	—	—	—	—	—	—
Aug '24	$918M	$55M	30.0%	11.4%	3.0%	1.1%	$65M	$2.0B	$131M
Aug '24	$918M	$55M	30.0%	0.0%	—	—	—	—	—
Jun '24	$917M	$51M	30.8%	11.0%	2.9%	1.0%	$35M	$2.0B	$115M
Mar '24	$810M	$31M	29.5%	8.3%	1.8%	0.7%	$4M	$1.8B	$165M
Dec '23	$903M	$45M	30.3%	12.6%	2.6%	1.0%	$152M	$1.8B	$179M
Sep '23	$901M	$38M	29.3%	10.1%	2.2%	0.8%	$81M	$1.9B	$95M
Jun '23	$898M	$40M	28.6%	10.0%	2.4%	0.9%	$68M	$1.9B	$103M
Mar '23	$809M	$22M	26.5%	7.4%	1.3%	0.5%	-$42M	$1.8B	$125M
Dec '22	$958M	$48M	25.9%	9.4%	3.0%	1.1%	$176M	$1.7B	$80M
Aug '22	$941M	$46M	26.5%	9.3%	2.9%	1.0%	$29M	$1.9B	$61M
May '22	$993M	$47M	25.5%	8.8%	2.9%	1.0%	-$12M	$1.9B	$68M

Valuation over time

How the market has priced FUL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 20.5× (Mar '23) to 17.8× (Nov '26).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 0.8× (Nov '26).
The dividend yield has risen from 1.1% (Mar '23) to 1.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is FUL growing its revenue and profit?

Over the past 5 years, H.B. Fuller's revenue has grown 4.5% per year, and net income grown 4.2% per year. These are computed facts, not advice.

How much debt does FUL have?

As of FY2025, H.B. Fuller reported $2.0B of total debt against $107M of cash.

What is FUL's profit margin?

In FY2025, gross margin was 31.1%, operating margin —, and net margin 4.4%.

What is FUL's P/E ratio?

H.B. Fuller's P/E (TTM) is 13.66 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FUL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.