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 83 d ago 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
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
Feb '22	$856M	$38M	24.9%	6.7%	2.3%	0.8%	-$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 fallen from 20.4× (Mar '23) to 19.0× (Sep '26).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 0.8× (Sep '26).
The dividend yield has risen from 1.1% (Mar '23) to 1.7% (Sep '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 Sep '26, H.B. Fuller traded at a price-to-earnings ratio of about 19.0× (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.