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 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
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
FCF
Total debt
Cash
2025
$3.5B
$152M
31.1%
0.0%
$121M
$2.0B
$107M
2024
$3.6B
$130M
29.8%
9.8%
$163M
$2.0B
$169M
2024
—
$130M
—
—
—
—
—
2023
$3.5B
$145M
28.7%
10.1%
$259M
$1.8B
$179M
2022
$3.7B
$180M
25.7%
8.6%
$127M
$1.7B
$80M
2021
$3.3B
$161M
25.8%
7.7%
$117M
$1.6B
$62M
2020
$2.8B
$124M
27.1%
7.8%
$244M
$1.8B
$101M
2019
$2.9B
$131M
27.9%
7.8%
$207M
$2.0B
$112M
2018
$3.0B
$171M
27.2%
7.8%
$185M
$2.2B
$151M
2017
$2.3B
$59M
26.0%
5.2%
$111M
$2.4B
$194M
2016
—
$122M
—
—
$132M
$666M
$142M
2015
—
$87M
—
—
—
$692M
$119M
2014
—
$50M
—
—
—
$548M
$78M
2013
—
$97M
—
—
—
$472M
$155M
2012
—
$126M
—
—
—
$498M
$200M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
May '26
$950M
$68M
33.6%
0.0%
$74M
$2.1B
$114M
Feb '26
$771M
$21M
30.6%
0.0%
-$62M
$2.1B
$108M
Nov '25
$895M
$30M
31.5%
0.0%
$59M
$2.0B
$107M
Aug '25
$892M
$67M
32.0%
12.3%
$69M
$2.1B
$122M
May '25
$898M
$42M
31.9%
11.1%
$79M
$2.1B
$97M
Mar '25
$789M
$13M
28.8%
5.9%
-$86M
$2.2B
$106M
Nov '24
$923M
-$7M
28.7%
8.3%
$59M
$2.0B
$169M
Nov '24
—
-$7M
—
—
—
—
—
Aug '24
$918M
$55M
30.0%
11.4%
$65M
$2.0B
$131M
Aug '24
$918M
$55M
30.0%
0.0%
—
—
—
Jun '24
$917M
$51M
30.8%
11.0%
$35M
$2.0B
$115M
Mar '24
$810M
$31M
29.5%
8.3%
$4M
$1.8B
$165M
Dec '23
$903M
$45M
30.3%
12.6%
$152M
$1.8B
$179M
Sep '23
$901M
$38M
29.3%
10.1%
$81M
$1.9B
$95M
Jun '23
$898M
$40M
28.6%
10.0%
$68M
$1.9B
$103M
Mar '23
$809M
$22M
26.5%
7.4%
-$42M
$1.8B
$125M
Dec '22
$958M
$48M
25.9%
9.4%
$176M
$1.7B
$80M
Aug '22
$941M
$46M
26.5%
9.3%
$29M
$1.9B
$61M
May '22
$993M
$47M
25.5%
8.8%
-$12M
$1.9B
$68M
Feb '22
$856M
$38M
24.9%
6.7%
-$67M
$1.9B
$64M
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 risen from 20.4× (Mar '23) to 21.9× (Jun '26).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 1.0× (Jun '26).
The dividend yield has risen from 1.1% (Mar '23) to 1.5% (Jun '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?
As of Jun '26, H.B. Fuller traded at a price-to-earnings ratio of about 21.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.