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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. 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
Margins
28.9% 26.0% 27.2% 27.9% 27.1% 25.8% 25.7% 28.7% n/a 29.8% 31.1%
9.5% 5.2% 7.8% 7.8% 7.8% 7.7% 8.6% 10.1% n/a 9.8% n/a
7.8% 2.6% 5.2% 6.0% 5.7% 6.6% 6.7% 6.7% n/a 5.1% 6.2%
5.8% 2.6% 5.6% 4.5% 4.4% 4.9% 4.8% 4.1% n/a 3.6% 4.4%
6.3% 4.8% 6.1% 7.2% 8.8% 3.6% 3.4% 7.4% n/a 4.6% 3.5%
Spending
19.5% 20.8% 19.4% 20.1% 19.3% 18.1% 17.1% 18.6% n/a 20.0% 20.9%
3.0% 2.4% 2.2% 2.1% 3.1% 2.9% 3.5% 3.4% n/a 3.9% 4.1%
29.9% 16.2% −4.1% 28.6% 26.5% 29.1% 30.6% 39.9% n/a 30.9% 31.2%
Returns
13.0% 5.7% 14.9% 10.7% 9.0% 10.1% 11.2% 8.3% 7.1% 7.1% 7.6%
5.9% 1.4% 4.1% 3.3% 3.1% 3.8% 4.0% 3.1% 2.6% 2.6% 2.9%
Balance and payout
0.71 2.30 1.94 1.61 1.27 1.00 1.08 1.05 1.10 1.10 1.01
54.2% 75.9% 72.4% 69.3% 65.8% 62.6% 63.9% 62.8% 62.9% 62.9% 61.3%
22.6% 49.8% 18.2% 24.7% 27.0% 21.6% 21.7% 29.9% n/a 36.5% 33.1%
38.3% 46.2% 19.4% 17.1% 15.1% 32.0% 34.1% 17.7% n/a 53.4% 91.6%