FULLER H B CO FUL

Healthcare SIC 2891 - Adhesives & Sealants NAICS Manufacturing › Chemical Manufacturing › Paint, Coating, and Adhesive Manufacturing › Adhesive Manufacturing derived NYSE

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. Customers use our adhesives products in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, medical products, windows, doors, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automobiles, recreational vehicles, buses, trucks and trailers, marine products, solar energy systems, electronics and products for the aerospace and defense industries. In addition, we have established a variety of product offerings for residential, commercial and industrial construction markets, including sealing and waterproofing solutions for roads, highways, bridges and utilities; pressure-sensitive adhesives, tapes and sealants for the commercial roofing industry and pressure sensitive adhesives that enable contractors and do-it-yourself consumers to complete construction projects more reliably and efficiently. We also provide our customers with technical support and unique solutions designed to address their specific needs.

Last close 49.61 2026-10-23
Market cap $2.67B 2026-05-30 share count
52-week range 46.70 - 68.63

Valuation FY2025 figures against the last close

P/S0.8x
P/E18.0x
P/FCF22.0x
EV/EBITDA—
Dividend yield1.9%
Diluted EPS2.75

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Eimea
  • Asia Pacific
  • Other
Revenue by geography, 4 categories over 1 years. The same figures are in the table below. FY2025 Americas, FY2025: 1.8B (51.3%) 51% Americas Eimea, FY2025: 1B (30.1%) 30% Eimea Asia Pacific, FY2025: 644.7M (18.6%) 19% Asia Pacific Other, FY2025: 0 (0.0%)
Region FY2025
Americas $1.78B
Eimea $1.05B
Asia Pacific $644.7M
Other $0

As the company reported it, from the “Note 15 - Segments - Disaggregated Revenue Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.47B$3.57B$3.51B$3.75B$3.28B$2.79B$2.90B$3.04B$2.31B$2.09B
Cost of revenue $2.39B$2.51B$2.50B$2.79B$2.43B$2.03B$2.09B$2.21B$1.71B$1.49B
Gross profit $1.08B$1.06B$1.01B$963.7M$845.3M$756.6M$806.9M$828.2M$599.0M$605.8M
SG&A $725.6M$713.7M$653.8M$641.0M$592.7M$538.3M$580.9M$590.3M$479.5M$407.6M
Total operating expenses $2.85B$2.97B$2.93B———————
Operating income —$348.2M$355.1M$322.7M$252.6M$218.3M$226.0M$237.9M$119.5M$198.2M
Pre-tax income $215.4M$182.7M$234.2M$251.9M$216.9M$158.4M$172.8M$156.7M$60.6M$163.4M
Income tax $67.1M$56.4M$93.5M$77.2M$63.0M$41.9M$49.4M$6.4M$9.8M$48.9M
Net income $152.0M$130.3M$144.9M$180.3M$161.4M$123.7M$130.8M$171.2M$59.4M$121.7M
EPS, basic 2.782.372.673.373.052.382.573.381.182.43
EPS, diluted 2.752.302.593.262.972.362.523.291.152.37
Shares, diluted (wtd. avg.) 55.4M56.6M56.0M55.3M54.3M52.5M52.0M52.0M51.6M51.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $107.2M$169.4M$179.5M$79.9M$61.8M$100.5M$112.2M$150.8M$194.4M$142.2M
Receivables $564.3M$558.3M$577.9M$607.4M$614.6M$514.9M$493.2M$495.0M$473.7M$351.1M
Inventory $472.0M$467.5M$442.0M$491.8M$448.4M$323.2M$337.3M$348.5M$372.1M$247.4M
Total current assets $1.26B$1.30B$1.31B$1.30B$1.22B$1.02B$1.03B$1.09B$1.16B$811.3M
Property, plant and equipment $935.3M$881.9M$824.7M$733.7M$695.4M$670.7M$629.8M$636.5M$670.2M$515.3M
Goodwill $1.68B$1.53B$1.49B$1.39B$1.30B$1.31B$1.28B$1.31B$1.34B$366.2M
Other intangibles $805.9M$770.2M$729.1M$702.1M$687.1M$756.0M$799.4M$908.2M$1.00B$205.4M
Total assets $5.18B$4.93B$4.72B$4.46B$4.27B$4.04B$3.99B$4.18B$4.37B$2.06B
Accounts payable $470.1M$491.4M$439.7M$460.7M$500.3M$316.5M$298.9M$273.4M$268.5M$163.0M
Short-term debt $0$0$0$0$0$0$65.0M$91.2M$21.5M$80.2M
Total current liabilities $743.4M$719.3M$692.8M$705.7M$736.9M$530.1M$542.2M$546.1M$504.9M$391.8M
Long-term debt $2.02B$2.01B$1.84B$1.74B$1.59B$1.76B$1.90B$2.14B$2.40B$585.8M
Total liabilities $3.18B$3.10B$2.97B$2.85B$2.68B$2.65B$2.76B$3.02B$3.32B$1.11B
Retained earnings $2.03B$1.92B$1.84B$1.74B$1.60B$1.47B$1.38B$1.29B$1.13B$1.09B
Total equity $2.00B$1.83B$1.76B$1.61B$1.60B$1.60B$1.22B$1.15B$1.05B$944.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $263.5M$302.4M$378.4M$256.5M$213.3M$331.6M$269.2M$253.3M$166.3M$195.7M
Depreciation and amortisation $178.3M$174.7M$159.8M$147.0M$143.2M$138.8M$141.2M$145.1M$87.3M$77.7M
Stock-based compensation $22.1M$21.9M$19.9M$24.4M$22.4M$16.9M$24.0M$17.1M$17.5M$13.3M
Capital expenditure $142.3M$139.2M$119.1M$130.0M$96.1M$87.3M$62.0M$68.3M$54.9M$63.3M
Investing cash flow -$232.2M-$407.1M-$319.2M-$375.3M-$94.7M-$109.5M$7.4M-$61.8M-$1.80B-$111.5M
Financing cash flow -$107.9M$112.1M$35.1M$160.3M-$154.1M-$239.2M-$315.0M-$228.6M$1.68B-$52.6M
Dividends paid $50.3M$47.6M$43.4M$39.2M$34.9M$33.5M$32.4M$31.1M$29.6M$27.5M
Buybacks $60.7M$39.6M$2.6M$4.0M$2.7M$3.4M$3.0M$4.7M$21.8M$23.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-001767.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 2.1B Gross profit, FY2016: 605.8M Net income, FY2016: 121.7M Revenue, FY2017: 2.3B Gross profit, FY2017: 599M Net income, FY2017: 59.4M Revenue, FY2018: 3B Gross profit, FY2018: 828.2M Net income, FY2018: 171.2M Revenue, FY2019: 2.9B Gross profit, FY2019: 806.9M Net income, FY2019: 130.8M Revenue, FY2020: 2.8B Gross profit, FY2020: 756.6M Net income, FY2020: 123.7M Revenue, FY2021: 3.3B Gross profit, FY2021: 845.3M Net income, FY2021: 161.4M Revenue, FY2022: 3.7B Gross profit, FY2022: 963.7M Net income, FY2022: 180.3M Revenue, FY2023: 3.5B Gross profit, FY2023: 1B Net income, FY2023: 144.9M Revenue, FY2024: 3.6B Gross profit, FY2024: 1.1B Net income, FY2024: 130.3M Revenue, FY2025: 3.5B Gross profit, FY2025: 1.1B Net income, FY2025: 152M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.09B $2.31B $3.04B $2.90B $2.79B $3.28B $3.75B $3.51B $3.57B $3.47B
Gross profit $605.8M $599.0M $828.2M $806.9M $756.6M $845.3M $963.7M $1.01B $1.06B $1.08B
Net income $121.7M $59.4M $171.2M $130.8M $123.7M $161.4M $180.3M $144.9M $130.3M $152.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2891

TickerCompanyMarket capP/ERevenue growth
CSW CSW INDUSTRIALS, INC. $4.82B 44.2x 23.3%