FUL · NYSE · Basic Materials
H.B. Fuller Company (FUL) — Rank #335 by gross profitability (GP/assets 0.20) · ROE 7.0% · Piotroski F-Score 7 / 9.
As-of 2026-10-30 · CIK 0000039368 · all metrics point-in-time as of the filing date.
About
H.B.
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Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Building Adhesive Solutions. The Hygiene, Health and Consumable Adhesives segment produces and supplies specialty industrial adhesives, such as thermoplastic, thermoset, reactive, water-based, and solvent-based products for applications in various markets, including packaging, converting, nonwoven and hygiene, and medical and beauty. The Engineering Adhesives segment produces and supplies high performance industrial adhesives comprising reactive, light cure, two-part liquids, polyurethane, silicone, film, and fast cure products to the durable assembly, performance wood and textile, transportation, electronics, clean energy, aerospace and defense, appliance, heavy machinery, and insulating glass markets. The Construction Adhesives segment provides products used for commercial roofing, heating, ventilation, and air conditioning and insulation applications, as well as caulks and sealants for the consumer market and professional trade. The company sells its products directly to customers, as well as through distributors and retailers in North America, Latin America, Europe, India, the Middle East, Africa, and the Asia Pacific. H.B.
Fuller Company was founded in 1887 and is headquartered in Saint Paul, Minnesota.
- Industry
- Specialty Chemicals
- Sector
- Basic Materials
- State
- MN
- Filer Category
- Large accelerated filer
- Fiscal Year End
- November 28
- Website
- hbfuller.com
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
7,100
Industry
Specialty Chemicals
Exchange
NYSE
10/11
Flags passed
FUL fails 1 critical flag
Passes 10 of 11 quality flags
- FAILRevenue declining YoY
Revenue contracted year over year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Sequential beat (rev + EPS)
No data Operating margin — not counted as a pass.
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
1/2 passDividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 42nd percentile of 39 SIC 28 peers
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
42nd pctl of 39 SIC 28 peers
Return on equity
7.0%
Gross margin
31.1%
29th pctl of 39 SIC 28 peers
Revenue growth (YoY)
-2.7%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-2.5%
Revenue CAGR (5Y)
4.5%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
-1.4%
Cash Flow Health
Is the cash real?
No warning flags · FCF 20% below net income
Free cash flow
$121.22M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
-20.2%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.6%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $1.96B, F-Score 7/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.50
6th pctl of 35 SIC 28 peers (best = lowest)
Current ratio
1.82×
26th pctl of 39 SIC 28 peers
Quick ratio
0.91×
Net cash
-$1.96B
Cash & equivalents minus total debt.
Piotroski F-Score
7 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
3.5 / 5
Capital allocation quality
Composite score
4.0 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports