H B Fuller (FUL) financial statements

Basic Materials · Specialty Chemicals · Market cap $2.6B

H B Fuller reported revenue of $3.5B in fiscal 2025, up 5.8% a year over 9 years.

Net income was $152M and the operating margin 17.9%, against 9.5% in 2016.

Free cash flow was $121M, and the company returned $50M in dividends and $61M in net buybacks.

The diluted share count rose 8% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions.

012342016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from H B Fuller's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$2.1B$2.3B$3.0B$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$2.0B$2.4B$2.8B$2.5B$2.5B$2.4B
Gross profit$606M$599M$828M$807M$757M$845M$964M$1.0B$1.1B$1.1B
Selling, general and admin$408M$479M$590M$581M$538M$593M$641M$654M$714M$726M
Operating income$198M$120M$238M$226M$218M$253M$323M$355M$348M$621M
Interest expense$27M$44M$111M$103M$87M$78M$92M$135M$133M$133M
Pre-tax income$163M$61M$157M$173M$158M$217M$252M$234M$183M$215M
Income tax$49M$10M-$6M$49M$42M$63M$77M$94M$56M$67M
Net income$122M$59M$171M$131M$124M$161M$180M$145M$130M$152M
EPS (diluted)$2.37$1.15$3.29$2.52$2.36$2.97$3.26$2.59$2.30$2.75
Diluted shares51M52M52M52M53M54M55M56M57M55M
Gross margin28.9%26.0%27.2%27.9%27.1%25.8%25.7%28.7%29.8%31.1%
Operating margin9.5%5.2%7.8%7.8%7.8%7.7%8.6%10.1%9.8%17.9%
Net margin5.8%2.6%5.6%4.5%4.4%4.9%4.8%4.1%3.6%4.4%

Balance sheet

Fiscal years, from H B Fuller's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$142M$194M$151M$112M$101M$62M$80M$179M$169M$107M
Receivables$351M$474M$495M$493M$515M$615M$607M$578M$558M$564M
Inventory$247M$372M$348M$337M$323M$448M$492M$442M$467M$472M
Total current assets$811M$1.2B$1.1B$1.0B$1.0B$1.2B$1.3B$1.3B$1.3B$1.3B
Property, plant and equipment$515M$670M$637M$630M$671M$695M$734M$825M$882M$935M
Goodwill$366M$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B$1.5B$1.5B$1.7B
Total assets$2.1B$4.4B$4.2B$4.0B$4.0B$4.3B$4.5B$4.7B$4.9B$5.2B
Total current liabilities$392M$505M$546M$542M$530M$737M$706M$693M$719M$743M
Long-term debt$586M$2.4B$2.1B$1.9B$1.8B$1.6B$1.7B$1.8B$2.0B$2.0B
Total liabilities$1.1B$3.3B$3.0B$2.8B$2.7B$2.7B$2.9B$3.0B$3.1B$3.2B
Shareholders' equity$938M$1.1B$1.2B$1.2B$1.4B$1.6B$1.6B$1.8B$1.8B$2.0B
Net debt$524M$2.2B$2.1B$1.9B$1.7B$1.5B$1.7B$1.7B$1.8B$1.9B

Cash flow

Fiscal years, from H B Fuller's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$196M$166M$253M$269M$332M$213M$257M$378M$302M$263M
Capital spending$63M$55M$68M$62M$87M$96M$130M$119M$139M$142M
Free cash flow$132M$111M$185M$207M$244M$117M$127M$259M$163M$121M
Stock-based compensation$13M$18M$17M$24M$17M$22M$24M$20M$22M$22M
Dividends paid$28M$30M$31M$32M$33M$35M$39M$43M$48M$50M
Share buybacks (net)-$23M-$22M-$5M-$3M-$3M-$3M-$4M-$3M-$40M-$61M
Net borrowing-$22M$1.8B-$186M-$289M-$218M-$156M$176M$107M$168M-$5M
Free cash flow margin6.3%4.8%6.1%7.2%8.8%3.6%3.4%7.4%4.6%3.5%
Dividends per share$0.54$0.57$0.60$0.62$0.64$0.64$0.71$0.78$0.84$0.91
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Questions

What was H B Fuller's revenue in 2025?

$3.5B in fiscal 2025, from its 10-K filing.

How much free cash flow does H B Fuller generate?

$121M in fiscal 2025 (operating cash flow minus capital spending).

From H B Fuller's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.