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H. B. Fuller (FUL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

H. B. Fuller
NYSE•Basic Materials•Specialty Chemicals
$50.46-1.10(-0.02%)Market open
Market Cap
$2.80B
P/E
14.1x
P/S
0.8x
P/B
1.3x

H.B. 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.

B

How this company scores

GoodMetricSide Score: 62/100

Strongest: Profitability (21/25); weakest: Cash & Earnings Quality (10/25).

Profitability21/25
Growth16/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality10/25
Strengths
Strong marginsRising earningsProfit converts from growthImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.1x5y range 14.1x – 32.5x
P/E 14.1x · below its 20-quarter median

Currently below its 20-quarter median.

P/S · 0.8x5y range 0.8x – 1.2x
P/S 0.8x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 1.3x5y range 1.3x – 2.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume
Market Cap $2.80B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$3.55B
2Q
Q. Revenue
$938.17M
5%
TTM EBITDA
$890.37M
6Q
TTM Op. Income
$573.59M
3Q
Q. Op. Income
$92.82M
2Q
TTM Net Income
$197.76M
5Q
Q. Net Income
$79.18M
2Q
EPS
$1.46
2Q
Shares Out.
$54.23M
2Q
$3.55B in TTM revenue grew 1.5% YoY, reaching $938.17M last quarter. TTM EBITDA of $890.37M and TTM operating income of $573.59M show growth is flowing through to the bottom line. TTM net income of $197.76M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
33.2%
4%
EBITDA Margin
14.8%
2Q
Op. Margin
9.9%
2Q
Net Margin
8.4%
2Q
Op. margin of 9.9% is down 2.5% YoY — costs are rising relative to revenue. Net margin at 8.4% and gross margin of 33.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
14.1x
2Q
P/S Ratio
0.8x
2Q
P/B Ratio
1.3x
2Q
At 14.1x P/E, the stock trades below typical market levels. P/S of 0.8x and P/B of 1.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$5.43B
7Q
Cash
$97.23M
21%
Long-Term Debt
$2.05B
2Q
Book Value
$2.17B
6Q
D/E Ratio
0.9
6Q
Debt/EBITDA
14.8
2Q
With $5.43B in assets and $2.05B in long-term debt, D/E is 0.9and book value is $2.17B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 6 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$65.46M
34%
TTM Free Cash Flow
$100.03M
2Q
FCF Margin
2.8%
2Q
FCF / Net Income
0.5
2Q
TTM FCF of $100.03M on $65.46M in operating cash flow. The FCF / Net Income ratio of 0.5x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.

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· below its 20-quarter median

Currently below its 20-quarter median.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.