H.B. Fuller Company (FUL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.38	$1.41	+2.2%	—	—	—
Q4 26	$0.55	$0.57	+3.6%	—	—	—
Q3 26	$1.21	$1.28	+5.8%	—	—	—
Q2 26	$1.24	$1.26	+1.6%	—	—	—
Q1 26	$1.08	$1.18	+9.3%	—	—	—
Q4 25	$0.5	$0.54	+8.0%	—	—	—
Q3 25	$0.93	$0.92	-1.1%	—	—	—
Q2 25	$1.23	$1.13	-8.1%	—	—	—
Q1 25	$1.03	$1.12	+8.7%	—	—	—
Q4 24	$0.63	$0.67	+6.3%	—	—	—
Q3 24	$1.27	$1.32	+3.9%	—	—	—
Q2 24	$1.14	$1.06	-7.0%	—	—	—
Q1 24	$1.04	$0.93	-10.6%	—	—	—
Q4 23	$0.59	$0.55	-6.8%	—	—	—
Q3 23	$1.24	$1.04	-16.1%	—	—	—
Q2 23	$1.05	$1.06	+1.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.78	—	—	$3.5B	—
FY24	—	$2.37	—	—	$3.6B	—
FY23	—	$2.67	—	—	$3.5B	—
FY22	—	$3.37	—	—	$3.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.1B	$2.3B	$3B	$2.9B	$2.8B	$3.3B	$3.7B	$3.5B	$3.6B	$3.5B
YoY change	+0.53%	+10.1%	+31.9%	-4.74%	-3.68%	+17.5%	+14.4%	-6.35%	+1.65%	-2.67%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.1B	2.3B	3B	2.9B	2.8B	3.3B	3.7B	3.5B	3.6B	3.5B
Cost of revenue	1.5B	1.7B	2.2B	2.1B	2B	2.4B	2.8B	2.5B	2.5B	2.4B
Gross profit	605.8M	599M	828.2M	806.9M	756.6M	845.3M	963.7M	1B	1.1B	1.1B
Gross margin	28.9%	26%	27.2%	27.9%	27.1%	25.8%	25.7%	28.7%	29.8%	31.1%
Research & development	28.6M	30.1M	35.5M	36.6M	37M	39.3M	44.9M	48.6M	49.6M	62.1M
Selling, general & administrative	407.6M	479.5M	537.9M	530.6M	483.5M	521.3M	569.3M	584.9M	648.2M	640.6M
Operating expenses	436.3M	509.6M	573.4M	567.3M	520.4M	560.6M	614.2M	633.5M	697.7M	702.8M
Operating income	198.2M	119.5M	254.8M	239.7M	236.2M	284.7M	349.5M	375.4M	364.1M	377.9M
Operating margin	9.46%	5.18%	8.38%	8.27%	8.47%	8.68%	9.32%	10.7%	10.2%	10.9%
Non-operating income, net	-9.4M	-19.2M	1.2M	24.3M	-2.5M	785K	-13.8M	-10.6M	-53M	-33.9M
Pretax income	163.4M	60.6M	156.7M	172.8M	158.4M	216.9M	251.9M	234.2M	182.7M	215.4M
Income tax	48.9M	9.8M	-6.4M	49.4M	41.9M	63M	77.2M	93.5M	56.4M	67.1M
Net income	121.9M	59.5M	171.2M	130.8M	123.8M	161.5M	180.4M	145M	130.4M	152.1M
Net margin	5.82%	2.58%	5.63%	4.52%	4.44%	4.93%	4.81%	4.13%	3.65%	4.38%
EBITDA	278.6M	194M	415.1M	394.2M	387.1M	444.7M	501.9M	540.3M	539.8M	559.7M
EPS	2.48	1.16	3.38	2.57	2.38	3.31	3.37	2.67	2.37	2.78
Diluted EPS	2.42	1.13	3.29	2.52	2.36	3.23	3.26	2.59	2.3	2.75

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	900.6M	902.9M	810.4M	917.1M	917.9M	923.3M	788.7M	898.1M	892M	894.8M	770.8M	950.3M
Cost of revenue	637.2M	629M	571.2M	635.1M	642.2M	658.4M	561.6M	611.7M	606.9M	612.7M	534.8M	630.6M
Gross profit	263.5M	273.8M	239.2M	282.1M	275.7M	264.9M	227.1M	286.4M	285.1M	282.1M	236M	319.7M
Gross margin	29.3%	30.3%	29.5%	30.8%	30%	28.7%	28.8%	31.9%	32%	31.5%	30.6%	33.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	172.2M	91.6M	172.4M	181.5M	171.4M	123M	180.6M	186.3M	175M	98.7M	184.4M	202.4M
Operating expenses	172.2M	91.6M	172.4M	181.5M	171.4M	123M	180.6M	186.3M	175M	98.7M	184.4M	202.4M
Operating income	91.3M	133.6M	66.9M	100.6M	104.3M	92.3M	46.4M	100M	110.1M	121.3M	51.6M	117.3M
Operating margin	10.1%	14.8%	8.25%	11%	11.4%	10%	5.89%	11.1%	12.3%	13.6%	6.69%	12.3%
Non-operating income, net	1.6M	-15.3M	1.5M	3.6M	2.1M	-60.3M	3.2M	7.1M	5.3M	-49.6M	6.7M	5.6M
Pretax income	58.9M	86.2M	37.8M	73.1M	72.3M	-525K	18.7M	73.2M	82.9M	40.6M	27.5M	92.1M
Income tax	22.2M	42.3M	7.8M	22.4M	18.3M	7.9M	5.9M	32.7M	16.5M	11.9M	7.4M	25.6M
Net income	37.6M	45M	31M	51.3M	55.3M	-7.3M	13.3M	41.8M	67.2M	29.7M	21M	67.8M
Net margin	4.18%	4.98%	3.83%	5.59%	6.03%	-0.79%	1.68%	4.66%	7.54%	3.32%	2.73%	7.14%
EBITDA	136.2M	160.2M	113.2M	146.6M	151.6M	79.1M	93.4M	152.7M	162.1M	118.9M	106.8M	170.9M
EPS	0.69	0.83	0.57	0.93	1.01	-0.13	0.24	0.77	1.23	0.55	0.38	1.25
Diluted EPS	0.67	0.8	0.55	0.91	0.98	-0.13	0.24	0.76	1.22	0.54	0.38	1.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.4B	2.8B	2.4B	2.5B	2.7B	3.9B	4.3B	4.1B	4.2B	3.2B	2.7B
Enterprise value	2.9B	5.1B	4.5B	4.4B	4.4B	5.5B	6B	5.8B	6.1B	5.2B	4.8B
Shares outstanding	50.1M	50.4M	50.6M	50.9M	52M	52.9M	53.6M	54.3M	54.9M	54.6M	54.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	19.3	47.9	14.3	19.4	22	24	23.9	28.4	32.4	20.9	13.8
P/S	1.12	1.24	0.8	0.88	0.98	1.18	1.15	1.17	1.18	0.92	0.75
P/B	2.51	2.71	2.12	2.08	1.97	2.42	2.67	2.34	2.31	1.59	1.28
EV/EBITDA	10.5	26.3	10.9	11.2	11.4	12.3	12	10.8	11.4	9.2	7.84
EV/Sales	1.39	2.21	1.49	1.52	1.59	1.66	1.61	1.66	1.72	1.48	1.35
Earnings yield	5.17%	2.09%	7.02%	5.15%	4.55%	4.17%	4.19%	3.53%	3.09%	4.78%	7.25%
FCF yield	5.62%	3.91%	7.58%	8.16%	8.97%	3.03%	2.94%	6.31%	3.86%	3.81%	5.68%
PEG	—	—	—	—	—	—	—	—	—	—	0.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.9%	26%	27.2%	27.9%	27.1%	25.8%	25.7%	28.7%	29.8%	31.1%	33.6%
Operating margin	9.46%	5.18%	8.38%	8.27%	8.47%	8.68%	9.32%	10.7%	10.2%	10.9%	13.2%
Net margin	5.82%	2.58%	5.63%	4.52%	4.44%	4.93%	4.81%	4.13%	3.65%	4.38%	5.56%
ROE	13%	5.65%	14.8%	10.7%	8.96%	10.1%	11.2%	8.26%	7.13%	7.59%	9.58%
ROA	5.93%	1.36%	4.1%	3.28%	3.07%	3.78%	4.04%	3.07%	2.64%	2.93%	5.03%
ROIC	9.26%	3.03%	7.84%	5.54%	5.63%	6.34%	7.28%	6.48%	6.74%	6.55%	7.4%
Return on tangible assets	13.4%	-19.6%	-68.4%	-74.1%	-124.7%	53.3%	65.8%	49.6%	39.7%	72.1%	45.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.07	2.29	2	1.91	1.92	1.66	1.84	1.89	1.81	1.7	1.82
Quick ratio	1.44	1.56	1.36	1.28	1.31	1.05	1.14	1.26	1.16	1.06	1.12
Debt / equity	0.75	2.33	1.95	1.62	1.3	1.03	1.12	1.08	1.13	1.04	1.01
Debt / assets	0.34	0.56	0.54	0.5	0.45	0.39	0.4	0.4	0.42	0.4	0.39
Net debt / EBITDA	2.01	11.6	5.05	4.74	4.4	3.57	3.43	3.19	3.53	3.52	3.5
Interest coverage	6.97	2.39	2.41	2.67	2.82	3.78	3.75	2.74	2.37	2.62	2.84
Effective tax rate	29.9%	16.2%	0%	28.6%	26.5%	29.1%	30.6%	39.9%	30.9%	31.2%	25.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	41.8	45.8	60.1	56.9	53.6	62	70	64.6	65	63.6	65.2
EPS (basic)	2.48	1.16	3.38	2.57	2.38	3.31	3.37	2.67	2.37	2.78	2.78
EPS (diluted)	2.42	1.13	3.29	2.52	2.36	3.23	3.26	2.59	2.3	2.75	3.59
Book value per share	18.7	20.9	22.8	24	26.6	30.2	30.1	32.3	33.3	36.7	38.7
FCF per share	2.64	2.21	3.66	4.07	4.69	2.22	2.36	4.77	2.97	2.22	2.56
Cash per share	2.84	3.86	2.98	2.2	1.93	1.17	1.49	3.3	3.08	1.96	1.81
Capex per share	1.18	1.08	1.29	1	1.65	1.76	2.4	2.1	2.51	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.82%	2.35%	2.15%	1.76%	3.07%	2.84%	3.42%	3.25%	3.87%	—	—
Capex / operating cash flow	29%	29%	23.3%	17.3%	26%	38%	44.1%	29.3%	51.9%	—	—
Payout ratio	22.6%	49.8%	18.2%	24.7%	27%	21.6%	21.7%	29.9%	36.5%	33.1%	26.7%
Dividend yield	1.17%	1.04%	1.28%	1.27%	1.23%	0.9%	0.91%	1.06%	1.13%	1.58%	1.99%

Yield

1.99%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.245

ex-dividend Jul 30, 2026

Payout ratio

27%

of earnings

Dividend growth

14 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 30, 2026	$0.245
Apr 30, 2026	$0.245
Feb 5, 2026	$0.235

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$900.6M	$902.9M	$810.4M	$917.1M	$917.9M	$923.3M	$788.7M	$898.1M	$892M	$894.8M	$770.8M	$950.3M
YoY change	-4.31%	-5.77%	+0.15%	+2.1%	+1.92%	+2.26%	-2.68%	-2.07%	-2.82%	-3.09%	-2.26%	+5.81%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	142.2M	194.4M	150.8M	112.2M	100.5M	61.8M	79.9M	179.5M	169.4M	107.2M
Receivables	351.1M	473.7M	495M	493.2M	514.9M	614.6M	607.4M	577.9M	558.3M	564.3M
Inventory	247.4M	372.1M	348.5M	337.3M	323.2M	448.4M	491.8M	442M	467.5M	472M
Total current assets	811.3M	1.2B	1.1B	1B	1B	1.2B	1.3B	1.3B	1.3B	1.3B
Property, plant & equipment	197.6M	306.1M	267.5M	267.7M	306M	332.3M	361.1M	424.7M	472.9M	531.2M
Goodwill & intangibles	1.1B	4.7B	4.4B	4.2B	4.1B	4B	4.2B	4.4B	4.6B	5B
Total assets	2.1B	4.4B	4.2B	4B	4B	4.3B	4.5B	4.7B	4.9B	5.2B
Accounts payable	163M	268.5M	273.4M	298.9M	316.5M	500.3M	460.7M	439.7M	491.4M	470.1M
Short-term debt	117.5M	53M	106M	80.7M	25.6M	33.9M	40.2M	29.3M	16M	16.6M
Total current liabilities	391.8M	504.9M	546.1M	542.2M	530.1M	736.9M	705.7M	692.8M	719.3M	743.4M
Long-term debt	585.8M	2.4B	2.1B	1.9B	1.8B	1.6B	1.8B	1.9B	2.1B	2.1B
Total liabilities	1.1B	3.3B	3B	2.8B	2.7B	2.7B	2.9B	3B	3.1B	3.2B
Shareholders' equity	938.3M	1.1B	1.2B	1.2B	1.4B	1.6B	1.6B	1.8B	1.8B	2B
Total debt	703.3M	2.5B	2.2B	2B	1.8B	1.6B	1.8B	1.9B	2.1B	2.1B
Net debt	561M	2.3B	2.1B	1.9B	1.7B	1.6B	1.7B	1.7B	1.9B	2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	94.9M	179.5M	165.2M	114.8M	131.4M	169.4M	105.7M	96.8M	122.5M	107.2M	107.9M	114.1M
Receivables	576.1M	577.9M	525.7M	571.1M	574.8M	558.3M	525.5M	584M	563.6M	564.3M	532.2M	622.7M
Inventory	472.6M	442M	490.2M	496.1M	509M	467.5M	468.3M	495.6M	503M	472M	506.8M	526.7M
Total current assets	1.2B	1.3B	1.3B	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B
Property, plant & equipment	-907.9M	424.7M	-949.2M	-974.9M	-993.9M	472.9M	-950.3M	-994.4M	-1B	531.2M	-1.1B	-1.1B
Goodwill & intangibles	4.5B	4.4B	4.4B	4.8B	4.8B	4.6B	4.9B	5B	5B	5B	5B	4.9B
Total assets	4.7B	4.7B	4.7B	4.9B	5B	4.9B	5B	5.1B	5.2B	5.2B	5.2B	5.3B
Accounts payable	394.9M	439.7M	460.6M	474.1M	493.6M	491.4M	450.4M	482M	459.4M	470.1M	453M	526.3M
Short-term debt	12.6M	29.3M	1.5M	1.4M	797K	16M	578K	—	—	16.6M	—	—
Total current liabilities	618.3M	692.8M	653.2M	684.1M	704.9M	719.3M	614.8M	692.1M	674.2M	743.4M	665.9M	779.1M
Long-term debt	1.9B	1.9B	1.8B	2B	2B	2.1B	2.2B	2.1B	2.1B	2.1B	2.1B	2.1B
Total liabilities	2.9B	3B	2.9B	3.1B	3.1B	3.1B	3.2B	3.3B	3.2B	3.2B	3.2B	3.2B
Shareholders' equity	1.7B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.9B	2B	2B	2.1B	2.1B
Total debt	1.9B	1.9B	1.8B	2B	2B	2.1B	2.2B	2.1B	2.1B	2.1B	2.1B	2.1B
Net debt	1.8B	1.7B	1.7B	1.9B	1.9B	1.9B	2.1B	2B	2B	2B	2B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	121.9M	59.5M	171.2M	130.8M	123.8M	161.5M	180.4M	145M	130.4M	152.1M
Depreciation & amortization	77.7M	87.3M	145.1M	141.2M	138.8M	143.2M	147M	159.8M	174.7M	178.3M
Stock-based compensation	13.3M	17.5M	17.1M	24M	16.9M	22.4M	24.4M	19.9M	21.9M	22.1M
Change in working capital	-45.5M	22.8M	-88M	-11M	89.6M	-208.7M	-51.4M	84.7M	-19.2M	-45.7M
Operating cash flow	203.2M	186.9M	280.7M	293.5M	329.5M	245.3M	291.3M	389.9M	266.3M	263.5M
Capital expenditure	-59M	-54.3M	-65.3M	-50.8M	-85.8M	-93.2M	-128.4M	-114.1M	-138.1M	—
Investing cash flow	-111.5M	-1.8B	-61.8M	7.4M	-109.5M	-94.7M	-375.3M	-319.2M	-407.1M	-95M
Dividends paid	-27.5M	-29.6M	-31.1M	-32.4M	-33.5M	-34.9M	-39.2M	-43.4M	-47.6M	-50.3M
Share repurchases	-23.2M	-21.8M	-4.7M	-3M	-3.4M	-2.7M	-4M	-2.6M	-39.6M	-60.7M
Financing cash flow	-56.1M	1.7B	-248.1M	-324.3M	-251.5M	-186.4M	133.7M	-8.2M	76.2M	-117.8M
Net change in cash	35.6M	43.9M	-29.3M	-23.3M	-31.5M	-35.7M	49.7M	62.6M	-64.6M	50.7M
Free cash flow	132.4M	111.4M	185M	207.2M	244.3M	117.2M	126.5M	259.3M	163.2M	121.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	37.6M	45M	31M	51.3M	55.3M	-7.3M	13.3M	41.8M	67.2M	29.7M	21M	67.8M
Depreciation & amortization	42.2M	40.7M	43.5M	41.1M	44M	46M	42.6M	44.7M	45.6M	45.5M	46.4M	46.1M
Stock-based compensation	5.3M	3.6M	5.1M	6.8M	5.7M	4.3M	4.7M	7.3M	6.2M	3.9M	5.3M	7.2M
Change in working capital	2.4M	87.7M	24.9M	-44.1M	-5.1M	5.1M	-30.1M	-8.7M	-17.5M	4.4M	672K	-40.7M
Operating cash flow	91M	154M	99.6M	70.2M	36.7M	59.8M	17.8M	75.4M	99M	106.7M	-4M	121.1M
Capital expenditure	-25.3M	-8.8M	-42.7M	-46.8M	-22.3M	-26.3M	-32.5M	-30.6M	—	—	—	—
Investing cash flow	-115.8M	-19.7M	-42.7M	-301M	-42M	-26.1M	-121.4M	-30.6M	-63K	-6.1M	0	-11.6M
Dividends paid	-11.1M	-11.1M	-11.2M	-12.1M	-12.1M	-12.2M	-12.2M	-12.7M	-12.7M	-12.7M	-12.8M	-13.2M
Share repurchases	-8K	-7K	-6.2M	-15.6M	-17.6M	-187K	-44.4M	-16.3M	-64K	15K	-2.9M	-45.8M
Financing cash flow	-4.1M	-46.5M	-25.9M	171.9M	-45.1M	-21.3M	110M	-99M	-49.2M	-78.5M	40.9M	-60.4M
Net change in cash	-28.9M	87.8M	31M	-59M	-50.5M	12.4M	6.5M	-54.2M	49.7M	22.1M	37M	49.2M
Free cash flow	81.3M	152.1M	4.1M	34.7M	65.2M	59.2M	-85.9M	79.1M	68.9M	59.1M	-61.7M	74.5M

Date	Ratio
Aug 7, 2006	2:1
Nov 19, 2001	2:1
Jun 2, 1992	3:2
Jun 18, 1984	2:1
Apr 29, 1977	2:1

H.B. Fuller Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history