Saturday 17 October 2026 Export FUL’s income statement to Excel — free account

H. B. Fuller Company

H. B. Fuller Company’s revenue for fiscal 2025 (year ended November 2025) was $3.5 billion, down 2.67% from fiscal 2024. In the quarter to August 2026, revenue grew 5.17%, EPS grew 18.2%, free cash flow fell 58.4% and total debt fell 1.25%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

51.27 0.30 −0.58%

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Market cap: $2.8B
P/E: 14.1×
Fwd P/E: 16.8×
Dividend yield: 1.89%
F-score: 7/9
Altman Z: 2.16
Beneish M: −2.57
Dividend safety: 79/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.48

Total sells 1.01

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	2	—	—	—	—	7	1
Sell	1	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 1.15%

Capital & Financial Ratios $m

Market Cap 2,780.00

Revenue 3,554.08

Net Income 197.76

Free Cash Flow 108.85

Net Debt 1,957.32

Current Ratio 1.82

Debt/Equity 0.95

P/E ratio 14.09

Fwd P/E 16.80

P/S ratio 0.78

P/B ratio 1.28

Past 5Y EPS Growth 3.11%

This Y EPS Growth 14.35%

Next Y EPS Growth 7.32%

Next Y revenue growth 3.87%

Next 5Y EPS Growth 11.32%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 3.94%

10-year low 10-year high

P/S against its own 10 years 7.70%

10-year low 10-year high

P/B against its own 10 years 1.70%

10-year low 10-year high

EV/Sales against its own 10 years 7.89%

10-year low 10-year high

EV/FCF against its own 10 years 79.47%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 0.97

Annual Dividend Yield 1.89%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.97	0.24 0.25 0.25 0.25
2025	0.93	0.22 0.24 0.24 0.24
2024	0.87	0.21 0.22 0.22 0.22
2023	0.81	0.19 0.21 0.21 0.21
2022	0.74	0.17 0.19 0.19 0.19
2021	0.67	0.16 0.17 0.17 0.17
2020	0.65	0.16 0.16 0.16 0.16
2019	0.64	0.16 0.16 0.16 0.16
2018	0.62	0.15 0.16 0.16 0.16
2017	0.59	0.14 0.15 0.15 0.15
2016	0.55	0.13 0.14 0.14 0.14

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	179	169	107	97
Receivables	578	558	564	648
Inventory	442	467	472	583
Other	113	104	120	158
	1,312	1,299	1,263	1,486

	2023	2024	2025	Q'26
Payables	440	491	470	537
ST’ Debt	—	—	—	—
Other	—	—	—	—
	693	719	743	818

Compound Annual Growth %

	10y	5y	3y
Sales	5.24%	4.48%	(2.51%)
Cash Flow	2.27%	(4.49%)	0.90%
Earnings	5.78%	4.20%	(5.54%)
Book Value	8.66%	7.71%	7.54%

Revenue $m

	Feb	May	Aug	Nov	Year
’26	771	950	938	—	—
’25	789	898	892	895	3,474
’24	810	917	918	923	3,569
’23	809	898	901	903	3,511
’22	856	993	941	958	3,749
’21	726	828	827	897	3,278
’20	647	675	691	778	2,790

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	(4)	121	65	—	—
’25	(53)	111	99	107	263
’24	47	82	88	86	302
’23	6	103	108	162	378
’22	(18)	9	58	208	257
’21	36	44	81	52	213
’20	34	74	85	139	332

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	(61)	79	28	—	—
’25	(85)	80	68	63	126
’24	5	35	66	59	164
’23	(41)	70	83	153	264
’22	(67)	(10)	29	176	128
’21	1	30	56	33	120
’20	0	51	66	123	240

Fiscal quarters ending in the months shown.

EPS $

	Feb	May	Aug	Nov	Year
’26	0.38	1.23	1.44	—	—
’25	0.24	0.76	1.22	0.54	2.75
’24	0.55	0.91	0.98	(0.13)	2.30
’23	0.39	0.73	0.67	0.80	2.59
’22	0.69	0.86	0.84	0.87	3.26
’21	0.56	0.90	0.58	0.93	3.23
’20	0.19	0.61	0.79	0.77	2.36

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.49	46.93	39.61	39.22	23.68	49.80	57.36	62.57	66.46	47.56	Analyst estimates 2026–2028 Powerpack
	High	50.92	58.74	59.58	52.40	55.28	81.73	81.55	83.64	87.67	65.46
People
People	Employees	4,600	6,000	6,479	6,400	6,428	6,500	7,000	7,200	7,500	7,100
	Revenue/emp, $m	0.46	0.38	0.47	0.45	0.43	0.50	0.54	0.49	0.48	0.49
Income, $m
Income, $m	Revenue	2,095	2,306	3,041	2,897	2,790	3,278	3,749	3,511	3,569	3,474
	Gross margin, %	28.92	25.97	27.23	27.85	27.12	25.79	25.70	28.74	29.75	31.11
	EBT	163	61	157	173	158	217	252	234	183	215
	EBT margin, %	7.80	2.63	5.15	5.97	5.68	6.62	6.72	6.67	5.12	6.20
	Net income	122	59	171	131	124	161	180	145	130	152
	Depreciation	78	87	145	141	139	143	147	160	175	178
Per share, $
Per share, $	Revenue	41.78	45.78	60.11	56.89	53.62	61.98	69.97	64.62	64.97	63.62
	Earnings	2.48	1.16	3.38	2.57	2.38	3.31	3.37	2.67	2.37	2.78
	Cash flow	3.90	3.30	5.01	5.29	6.37	4.03	4.79	6.96	5.51	4.83
	Capex	(1.18)	(1.08)	(1.29)	(1.00)	(1.76)	(1.76)	(2.40)	(2.10)	(2.51)	(2.51)
	Free cash flow	2.73	2.22	3.72	4.29	4.61	2.27	2.39	4.86	2.99	2.31
	Book value	18.71	20.88	22.79	24.01	26.55	30.20	30.06	32.32	33.31	36.69
	Shares, m	50	50	51	51	52	53	54	54	55	55
Valuation, ×
Valuation, ×	P/E	19.02	49.19	14.23	19.27	21.99	23.91	23.83	28.45	32.34	20.91
	P/S	1.12	1.24	0.80	0.87	0.98	1.18	1.15	1.17	1.18	0.92
	P/B	2.51	2.71	2.12	2.06	1.97	2.42	2.67	2.34	2.31	1.59
	EV/Sales	1.37	2.20	1.49	1.51	1.59	1.66	1.60	1.66	1.72	1.48
	EV/FCF	21.06	45.29	24.06	20.03	18.45	45.38	46.92	22.03	37.24	40.82
Cash, $m
Cash, $m	Operating cash flow	196	166	253	269	332	213	257	378	302	263
	Capex	(59)	(54)	(65)	(51)	(91)	(93)	(128)	(114)	(138)	(137)
	Free cash flow	137	112	188	218	240	120	128	264	164	126
Balance, $m
Balance, $m	Working capital	419	653	544	491	490	484	594	619	580	520
	Total debt	666	2,420	2,233	1,963	1,757	1,591	1,736	1,837	2,010	2,017
	Net debt	524	2,226	2,082	1,851	1,656	1,530	1,656	1,657	1,841	1,910
	Shareholders’ equity	938	1,052	1,153	1,223	1,382	1,597	1,611	1,756	1,830	2,003
Returns, %
Returns, %	ROA	5.94	1.85	4.01	3.21	3.08	3.88	4.13	3.15	2.70	3.00
	ROIC	8.47	2.28	4.60	4.59	4.49	5.05	6.17	6.50	5.93	5.67
	ROE	13.43	5.97	15.53	11.01	9.50	10.83	11.24	8.61	7.27	7.93

Negative figures in brackets.

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CBT Cabot Corporation	$3.9B	20.9×	8.6×	+6.39% (above 0%: growing)	−93.58% (below 0%: shrinking)	−77.02% (below 0%: shrinking)	18.74%	9.98%	Compare
AVNT Avient Corporation	$3.6B	21.0×	14.0×	+5.83% (above 0%: growing)	+24.56% (above 0%: growing)	−16.67% (below 0%: shrinking)	33.54%	12.26%	Compare
ASH Ashland Inc.	$3.3B	62.4×	24.9×	+7.34% (above 0%: growing)	n/m	+5.26% (above 0%: growing)	34.21%	8.65%	Compare
FUL H. B. Fuller Company	$2.8B	14.1×	16.8×	+5.17% (above 0%: growing)	+18.19% (above 0%: growing)	−58.41% (below 0%: shrinking)	33.22%	12.07%
HWKN Hawkins, Inc.	$2.8B	33.8×	36.3×	+7.64% (above 0%: growing)	−3.55% (below 0%: shrinking)	+30.29% (above 0%: growing)	23.44%	12.25%	Compare
KWR Quaker Houghton	$2.7B	27.9×	25.2×	+10.17% (above 0%: growing)	n/m	−43.19% (below 0%: shrinking)	35.53%	7.62%	Compare
WDFC WD-40 Company	$2.7B	30.3×	34.0×	+24.35% (above 0%: growing)	+45.45% (above 0%: growing)	−13.28% (below 0%: shrinking)	56.59%	20.67%	Compare
NGVT Ingevity Corporation	$2.4B	45.3×	18.5×	−5.25% (below 0%: shrinking)	n/m	−136.08% (below 0%: shrinking)	44.25%	19.13%	Compare
IOSP Innospec Inc.	$2.4B	19.7×	16.3×	+11.76% (above 0%: growing)	+32.98% (above 0%: growing)	−63.16% (below 0%: shrinking)	28.14%	8.08%	Compare
Median of peers	$2.7B	29.1×	21.7×	+7.49%	+24.56%	−29.93%	33.88%	11.12%

All 60 Specialty Chemicals stocks →

H. B. Fuller Company (FUL) key facts

Concern: H. B. Fuller Company’s revenue for fiscal 2025 (year ended November 2025) was $3.5 billion, down 2.67% from fiscal 2024.
H. B. Fuller Company (FUL) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, FUL traded at $51.27, a market capitalization of $2.8 billion.
H. B. Fuller Company pays an annual dividend of $0.97 per share, a yield of 1.89%, with a payout ratio of 27.0%.
Return on equity was 7.93% and debt-to-equity 0.95.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.16 (grey zone) for fiscal 2025.