This page shows Fuller H B Co (FUL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rising gross margin is doing the heavy lifting as sales stagnate and acquisitions keep the balance sheet leveraged.
From FY2023 to FY2025, gross margin climbed from28.7% to31.1% even though sales did not expand, so the company was extracting more gross profit from roughly the same volume base. But free cash flow fell from$259M to$121M , meaning that gain was being absorbed below gross profit rather than piling up as flexible cash.
The balance sheet looks acquisition-shaped: goodwill reached
Liquidity is adequate but not cash-heavy; the current ratio was 1.7x, which suggests short-term obligations are covered. Cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Fuller H B Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fuller H B Co's revenue declined 2.7% year-over-year, from $3.6B to $3.5B. This contraction results in a growth score of 30/100.
Fuller H B Co has a moderate D/E ratio of 1.01. This balance of debt and equity financing earns a leverage score of 47/100.
Fuller H B Co's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
Fuller H B Co has a free cash flow margin of 3.5%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Fuller H B Co earns a strong 7.6% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is up from 7.1% the prior year.
Fuller H B Co passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fuller H B Co generates $1.73 in operating cash flow ($263.5M OCF vs $152.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Fuller H B Co generated $3.5B in revenue in fiscal year 2025. This represents a decrease of 2.7% from the prior year.
Fuller H B Co reported $152.0M in net income in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Fuller H B Co earned $2.75 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.6% from the prior year.
Cash & Balance Sheet
Fuller H B Co generated $121.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 25.7% from the prior year.
Fuller H B Co held $107.2M in cash against $2.0B in long-term debt as of fiscal year 2025.
Fuller H B Co paid $0.93 per share in dividends in fiscal year 2025. This represents an increase of 8.4% from the prior year.
Fuller H B Co had 54M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.
Margins & Returns
Fuller H B Co's gross margin was 31.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Fuller H B Co's net profit margin was 4.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Fuller H B Co's ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the prior year.
Capital Allocation
Fuller H B Co spent $60.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 53.5% from the prior year.
Fuller H B Co invested $142.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.2% from the prior year.
FUL Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $950.3M+23.3% | $770.8M-13.9% | $894.8M+0.3% | $892.0M-0.7% | $898.1M-2.7% | $923.3M+0.6% | $917.9M+13.3% | $810.4M |
| Cost of Revenue | $630.6M+17.9% | $534.8M-12.7% | $612.7M+1.0% | $606.9M-0.8% | $611.7M-7.1% | $658.4M+2.5% | $642.2M+12.4% | $571.2M |
| Gross Profit | $319.7M+35.4% | $236.0M-16.3% | $282.1M-1.1% | $285.1M-0.4% | $286.4M+8.1% | $264.9M-3.9% | $275.7M+15.3% | $239.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $202.4M+9.7% | $184.4M+0.4% | $183.6M+5.0% | $175.0M-6.1% | $186.3M-1.1% | $188.5M+10.0% | $171.4M-0.6% | $172.4M |
| Operating Income | N/A | N/A | N/A | $110.1M+10.1% | $100.0M+30.9% | $76.4M-26.8% | $104.3M+56.0% | $66.9M |
| Interest Expense | $32.8M-0.3% | $32.9M+0.2% | $32.8M-2.4% | $33.6M-3.5% | $34.9M+3.7% | $33.6M-4.7% | $35.3M+10.6% | $31.9M |
| Income Tax | $25.6M+244.7% | $7.4M-37.8% | $11.9M-27.8% | $16.5M-49.5% | $32.7M+315.0% | $7.9M-56.8% | $18.3M+133.7% | $7.8M |
| Net Income | $67.8M+222.2% | $21.0M-29.2% | $29.7M-55.7% | $67.2M+60.6% | $41.8M+668.3% | -$7.4M-113.3% | $55.4M+78.6% | $31.0M |
| EPS (Diluted) | $1.23+223.7% | $0.38 | N/A | $1.22+60.5% | $0.76 | N/A | $0.98+78.2% | $0.55 |
FUL Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B+2.1% | $5.2B+0.7% | $5.2B+0.3% | $5.2B+0.7% | $5.1B+4.0% | $4.9B-0.9% | $5.0B+6.3% | $4.7B |
| Current Assets | $1.4B+9.7% | $1.3B+1.0% | $1.3B-2.9% | $1.3B+0.5% | $1.3B-0.4% | $1.3B-2.3% | $1.3B+2.6% | $1.3B |
| Cash & Equivalents | $114.1M+5.8% | $107.9M+0.6% | $107.2M-12.4% | $122.5M+26.5% | $96.8M-42.8% | $169.4M+28.9% | $131.4M-20.5% | $165.2M |
| Inventory | $526.7M+3.9% | $506.8M+7.4% | $472.0M-6.2% | $503.0M+1.5% | $495.6M+6.0% | $467.5M-8.2% | $509.0M+3.8% | $490.2M |
| Accounts Receivable | $622.7M+17.0% | $532.2M-5.7% | $564.3M+0.1% | $563.6M-3.5% | $584.0M+4.6% | $558.3M-2.9% | $574.8M+9.3% | $525.7M |
| Goodwill | $1.7B-0.2% | $1.7B+1.0% | $1.7B-0.1% | $1.7B+0.7% | $1.7B+9.0% | $1.5B-3.7% | $1.6B+7.1% | $1.5B |
| Total Liabilities | $3.2B+2.9% | $3.2B-0.8% | $3.2B-0.9% | $3.2B-1.5% | $3.3B+4.9% | $3.1B-1.1% | $3.1B+7.6% | $2.9B |
| Current Liabilities | $779.1M+17.0% | $665.9M-10.4% | $743.4M+10.3% | $674.2M-2.6% | $692.1M-3.8% | $719.3M+2.0% | $704.9M+7.9% | $653.2M |
| Long-Term Debt | $2.1B-0.2% | $2.1B+2.9% | $2.0B-3.1% | $2.1B-1.5% | $2.1B+5.1% | $2.0B-0.5% | $2.0B+10.4% | $1.8B |
| Total Equity | $2.1B+0.8% | $2.1B+3.1% | $2.0B+2.3% | $2.0B+4.4% | $1.9B+2.5% | $1.8B-0.7% | $1.8B+4.2% | $1.8B |
| Retained Earnings | $2.1B+2.7% | $2.0B+0.4% | $2.0B+0.8% | $2.0B+2.8% | $2.0B+1.6% | $1.9B-1.0% | $1.9B+4.4% | $1.9B |
FUL Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $121.1M+3148.4% | -$4.0M-103.7% | $106.7M+7.8% | $99.0M-10.6% | $110.7M+29.2% | $85.7M-2.5% | $87.8M+85.4% | $47.4M |
| Capital Expenditures | $46.7M-19.1% | $57.7M+21.0% | $47.7M+58.6% | $30.1M-4.7% | $31.6M+19.3% | $26.4M+16.9% | $22.6M-47.8% | $43.3M |
| Free Cash Flow | $74.5M+220.7% | -$61.7M-204.4% | $59.1M-14.3% | $68.9M-12.9% | $79.1M+33.6% | $59.2M-9.2% | $65.2M+1506.6% | $4.1M |
| Investing Cash Flow | -$54.2M+5.5% | -$57.4M-15.7% | -$49.6M-61.4% | -$30.7M-0.4% | -$30.6M-43.9% | -$21.3M+49.4% | -$42.0M+1.6% | -$42.7M |
| Financing Cash Flow | -$57.9M-218.8% | $48.7M+165.7% | -$74.2M-60.8% | -$46.2M+53.4% | -$99.0M-407.0% | -$19.5M+33.2% | -$29.2M-72.7% | -$16.9M |
| Dividends Paid | $13.2M+2.9% | $12.8M+0.7% | $12.7M+0.1% | $12.7M+0.2% | $12.7M+4.2% | $12.2M+0.1% | $12.1M+8.9% | $11.2M |
| Share Buybacks | $45.8M+1469.1% | $2.9M+19580.0% | -$15K-123.4% | $64K-99.6% | $16.3M+8609.6% | $187K-98.9% | $17.6M+182.9% | $6.2M |
FUL Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.6%+3.0pp | 30.6%-0.9pp | 31.5%-0.4pp | 32.0%+0.1pp | 31.9%+3.2pp | 28.7%-1.4pp | 30.0%+0.5pp | 29.5% |
| Operating Margin | N/A | N/A | N/A | 12.3%+1.2pp | 11.1%+2.9pp | 8.3%-3.1pp | 11.4%+3.1pp | 8.3% |
| Net Margin | 7.1%+4.4pp | 2.7%-0.6pp | 3.3%-4.2pp | 7.5%+2.9pp | 4.7%+5.5pp | -0.8%-6.8pp | 6.0%+2.2pp | 3.8% |
| Return on Equity | 3.3%+2.2pp | 1.0%-0.5pp | 1.5%-1.9pp | 3.4%+1.2pp | 2.2%+2.6pp | -0.4%-3.4pp | 3.0%+1.3pp | 1.8% |
| Return on Assets | 1.3%+0.9pp | 0.4%-0.2pp | 0.6%-0.7pp | 1.3%+0.5pp | 0.8%+1.0pp | -0.1%-1.3pp | 1.1%+0.5pp | 0.7% |
| Current Ratio | 1.80-0.1 | 1.92+0.2 | 1.70-0.2 | 1.93+0.1 | 1.87+0.1 | 1.81-0.1 | 1.89-0.1 | 1.99 |
| Debt-to-Equity | 0.99-0.0 | 1.010.0 | 1.01-0.1 | 1.06-0.1 | 1.13+0.0 | 1.100.0 | 1.10+0.1 | 1.03 |
| FCF Margin | 7.8%+15.8pp | -8.0%-14.6pp | 6.6%-1.1pp | 7.7%-1.1pp | 8.8%+2.4pp | 6.4%-0.7pp | 7.1%+6.6pp | 0.5% |
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Frequently Asked Questions
What is Fuller H B Co's annual revenue?
Fuller H B Co (FUL) reported $3.5B in total revenue for fiscal year 2025. This represents a -2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fuller H B Co's revenue growing?
Fuller H B Co (FUL) revenue declined by 2.7% year-over-year, from $3.6B to $3.5B in fiscal year 2025.
Is Fuller H B Co profitable?
Yes, Fuller H B Co (FUL) reported a net income of $152.0M in fiscal year 2025, with a net profit margin of 4.4%.
How much debt does Fuller H B Co have?
As of fiscal year 2025, Fuller H B Co (FUL) had $107.2M in cash and equivalents against $2.0B in long-term debt.
What is Fuller H B Co's gross margin?
Fuller H B Co (FUL) had a gross margin of 31.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fuller H B Co's net profit margin?
Fuller H B Co (FUL) had a net profit margin of 4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Fuller H B Co pay dividends?
Yes, Fuller H B Co (FUL) paid $0.93 per share in dividends during fiscal year 2025.
What is Fuller H B Co's return on equity (ROE)?
Fuller H B Co (FUL) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fuller H B Co's free cash flow?
Fuller H B Co (FUL) generated $121.2M in free cash flow during fiscal year 2025. This represents a -25.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fuller H B Co's operating cash flow?
Fuller H B Co (FUL) generated $263.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fuller H B Co's total assets?
Fuller H B Co (FUL) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fuller H B Co's capital expenditures?
Fuller H B Co (FUL) invested $142.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Fuller H B Co's current ratio?
Fuller H B Co (FUL) had a current ratio of 1.70 as of fiscal year 2025, which is generally considered healthy.
What is Fuller H B Co's debt-to-equity ratio?
Fuller H B Co (FUL) had a debt-to-equity ratio of 1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fuller H B Co's return on assets (ROA)?
Fuller H B Co (FUL) had a return on assets of 2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fuller H B Co's Piotroski F-Score?
Fuller H B Co (FUL) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fuller H B Co's earnings high quality?
Fuller H B Co (FUL) has an earnings quality ratio of 1.73x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Fuller H B Co?
Fuller H B Co (FUL) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.