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Stocks · Materials · Adhesives & Sealants

FULLER H B CO

FUL Clue Score47
United States Fiscal year ends November CIK 0000039368
$49.56 -1.74% Close, 9 Oct 2026
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Price $49.56 −21.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,306.0Operating income119.5Net income59.4EPS, diluted1.15Fiscal year 2018Revenue3,041.0 +31.9%Operating income237.9Net income171.2 +188.1%EPS, diluted3.29 +186.1%Fiscal year 2019Revenue2,897.0 −4.7%Operating income226.0Net income130.8 −23.6%EPS, diluted2.52 −23.4%Fiscal year 2020Revenue2,790.3 −3.7%Operating income218.3Net income123.7 −5.4%EPS, diluted2.36 −6.3%Fiscal year 2021Revenue3,278.0 +17.5%Operating income252.6Net income161.4 +30.5%EPS, diluted2.97 +25.8%Fiscal year 2022Revenue3,749.2 +14.4%Operating income322.7Net income180.3 +11.7%EPS, diluted3.26 +9.8%Fiscal year 2023Revenue3,510.9 −6.4%Operating income355.1Net income144.9 −19.6%EPS, diluted2.59 −20.6%Fiscal year 2024Net income130.3 −10.1%Fiscal year 2024Revenue3,568.7Operating income348.2Net income130.3 +0.0%EPS, diluted2.30Fiscal year 2025Revenue3,473.6 −2.7%Net income152.0 +16.7%EPS, diluted2.75 +19.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Revenue 2,306.0 3,041.0 2,897.0 2,790.3 3,278.0 3,749.2 3,510.9 n/a 3,568.7 3,473.6
Growth +31.9% −4.7% −3.7% +17.5% +14.4% −6.4% −2.7%
Operating income 119.5 237.9 226.0 218.3 252.6 322.7 355.1 n/a 348.2 n/a
Net income 59.4 171.2 130.8 123.7 161.4 180.3 144.9 130.3 130.3 152.0
Growth +188.1% −23.6% −5.4% +30.5% +11.7% −19.6% −10.1% +0.0% +16.7%
EPS, diluted 1.15 3.29 2.52 2.36 2.97 3.26 2.59 n/a 2.30 2.75
Growth +186.1% −23.4% −6.3% +25.8% +9.8% −20.6% +19.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin26.0%Operating margin5.2%Net margin2.6%Free cash flow margin4.8%Fiscal year 2018Gross margin27.2%Operating margin7.8%Net margin5.6%Free cash flow margin6.1%Fiscal year 2019Gross margin27.9%Operating margin7.8%Net margin4.5%Free cash flow margin7.2%Fiscal year 2020Gross margin27.1%Operating margin7.8%Net margin4.4%Free cash flow margin8.8%Fiscal year 2021Gross margin25.8%Operating margin7.7%Net margin4.9%Free cash flow margin3.6%Fiscal year 2022Gross margin25.7%Operating margin8.6%Net margin4.8%Free cash flow margin3.4%Fiscal year 2023Gross margin28.7%Operating margin10.1%Net margin4.1%Free cash flow margin7.4%Fiscal year 2024Fiscal year 2024Gross margin29.8%Operating margin9.8%Net margin3.6%Free cash flow margin4.6%Fiscal year 2025Gross margin31.1%Net margin4.4%Free cash flow margin3.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Gross margin 26.0% 27.2% 27.9% 27.1% 25.8% 25.7% 28.7% n/a 29.8% 31.1%
Operating margin 5.2% 7.8% 7.8% 7.8% 7.7% 8.6% 10.1% n/a 9.8% n/a
Net margin 2.6% 5.6% 4.5% 4.4% 4.9% 4.8% 4.1% n/a 3.6% 4.4%
Free cash flow margin 4.8% 6.1% 7.2% 8.8% 3.6% 3.4% 7.4% n/a 4.6% 3.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow166.3Capital expenditure−54.9Free cash flow111.4Buybacks−21.8Dividends paid−29.6Fiscal year 2018Operating cash flow253.3Capital expenditure−68.3Free cash flow185.0 +66.1%Buybacks−4.7Dividends paid−31.1Fiscal year 2019Operating cash flow269.2Capital expenditure−62.0Free cash flow207.2 +12.0%Buybacks−3.0Dividends paid−32.4Fiscal year 2020Operating cash flow331.6Capital expenditure−87.3Free cash flow244.3 +17.9%Buybacks−3.4Dividends paid−33.5Fiscal year 2021Operating cash flow213.3Capital expenditure−96.1Free cash flow117.2 −52.0%Buybacks−2.7Dividends paid−34.9Fiscal year 2022Operating cash flow256.5Capital expenditure−130.0Free cash flow126.6 +8.0%Buybacks−4.0Dividends paid−39.2Fiscal year 2023Operating cash flow378.4Capital expenditure−119.1Free cash flow259.3 +104.9%Buybacks−2.6Dividends paid−43.4Fiscal year 2024Fiscal year 2024Operating cash flow302.4Capital expenditure−139.2Free cash flow163.2Buybacks−39.6Dividends paid−47.6Fiscal year 2025Operating cash flow263.5Capital expenditure−142.3Free cash flow121.2 −25.7%Buybacks−60.7Dividends paid−50.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Operating cash flow 166.3 253.3 269.2 331.6 213.3 256.5 378.4 n/a 302.4 263.5
Capital expenditure −54.9 −68.3 −62.0 −87.3 −96.1 −130.0 −119.1 n/a −139.2 −142.3
Free cash flow 111.4 185.0 207.2 244.3 117.2 126.6 259.3 n/a 163.2 121.2
Growth +66.1% +12.0% +17.9% −52.0% +8.0% +104.9% −25.7%
Buybacks −21.8 −4.7 −3.0 −3.4 −2.7 −4.0 −2.6 n/a −39.6 −60.7
Dividends paid −29.6 −31.1 −32.4 −33.5 −34.9 −39.2 −43.4 n/a −47.6 −50.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash194.4Total debt2,420.4Net cash (debt)−2,226.0Shareholders’ equity1,051.4Debt to equity2.30Fiscal year 2018Cash150.8Total debt2,232.8Net cash (debt)−2,082.0Shareholders’ equity1,152.8Debt to equity1.94Fiscal year 2019Cash112.2Total debt1,963.4Net cash (debt)−1,851.2Shareholders’ equity1,222.3Debt to equity1.61Fiscal year 2020Cash100.5Total debt1,757.0Net cash (debt)−1,656.5Shareholders’ equity1,381.3Debt to equity1.27Fiscal year 2021Cash61.8Total debt1,591.5Net cash (debt)−1,529.7Shareholders’ equity1,596.8Debt to equity1.00Fiscal year 2022Cash79.9Total debt1,736.3Net cash (debt)−1,656.3Shareholders’ equity1,610.2Debt to equity1.08Fiscal year 2023Cash179.5Total debt1,836.6Net cash (debt)−1,657.1Shareholders’ equity1,755.2Debt to equity1.05Fiscal year 2024Cash169.4Total debt2,010.1Net cash (debt)−1,840.7Shareholders’ equity1,828.7Debt to equity1.10Fiscal year 2024Cash169.4Total debt2,010.1Net cash (debt)−1,840.7Shareholders’ equity1,828.7Debt to equity1.10Fiscal year 2025Cash107.2Total debt2,016.9Net cash (debt)−1,909.7Shareholders’ equity2,003.2Debt to equity1.01
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024FY2025
Cash 194.4 150.8 112.2 100.5 61.8 79.9 179.5 169.4 169.4 107.2
Total debt 2,420.4 2,232.8 1,963.4 1,757.0 1,591.5 1,736.3 1,836.6 2,010.1 2,010.1 2,016.9
Net cash (debt) −2,226.0 −2,082.0 −1,851.2 −1,656.5 −1,529.7 −1,656.3 −1,657.1 −1,840.7 −1,840.7 −1,909.7
Shareholders’ equity 1,051.4 1,152.8 1,222.3 1,381.3 1,596.8 1,610.2 1,755.2 1,828.7 1,828.7 2,003.2
Debt to equity 2.30 1.94 1.61 1.27 1.00 1.08 1.05 1.10 1.10 1.01

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 3 Dec 2016 FY2017 2 Dec 2017 FY2018 1 Dec 2018 FY2019 30 Nov 2019 FY2020 28 Nov 2020 FY2021 27 Nov 2021 FY2022 3 Dec 2022 FY2023 2 Dec 2023 FY2024 29 Nov 2024 FY2024 30 Nov 2024 FY2025 29 Nov 2025
Assets
142.2 194.4 150.8 112.2 100.5 61.8 79.9 179.5 169.4 169.4 107.2
351.1 473.7 495.0 493.2 514.9 614.6 607.4 577.9 558.3 558.3 564.3
247.4 372.1 348.5 337.3 323.2 448.4 491.8 442.0 467.5 467.5 472.0
515.3 670.2 636.5 629.8 670.7 695.4 733.7 824.7 881.9 881.9 935.3
366.2 1,336.7 1,305.2 1,281.8 1,312.0 1,298.8 1,392.6 1,486.5 1,532.2 1,532.2 1,680.1
2,055.9 4,373.2 4,176.3 3,985.7 4,036.7 4,274.5 4,463.6 4,723.6 4,933.2 4,933.2 5,182.7
Growth +112.7% −4.5% −4.6% +1.3% +5.9% +4.4% +5.8% +4.4% +0.0% +5.1%
Liabilities
80.2 21.5 91.2 65.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
585.8 2,398.9 2,141.5 1,898.4 1,757.0 1,591.5 1,736.3 1,836.6 2,010.1 2,010.1 2,016.9
calc 665.9 2,420.4 2,232.8 1,963.4 1,757.0 1,591.5 1,736.3 1,836.6 2,010.1 2,010.1 2,016.9
1,113.3 3,321.4 3,023.1 2,762.9 2,654.8 2,677.2 2,852.8 2,967.7 3,103.4 3,103.4 3,179.5
Equity
1,090.9 1,127.0 1,286.3 1,384.4 1,474.4 1,600.6 1,741.4 1,842.5 1,924.8 1,924.8 2,026.1
937.9 1,051.4 1,152.8 1,222.3 1,381.3 1,596.8 1,610.2 1,755.2 1,828.7 1,828.7 2,003.2
Growth +12.1% +9.6% +6.0% +13.0% +15.6% +0.8% +9.0% +4.2% +0.0% +9.5%
Per share and net cash
calc −523.7 −2,226.0 −2,082.0 −1,851.2 −1,656.5 −1,529.7 −1,656.3 −1,657.1 −1,840.7 −1,840.7 −1,909.7
50.1 50.4 50.7 51.2 51.9 52.8 53.7 54.1 54.7 54.7 54.2
calc 18.70 20.87 22.72 23.85 26.61 30.25 30.00 32.45 33.46 33.46 36.98

Lines marked calc are worked out here from filed figures; point at one for how.