Company Analysis

H.B. Fuller Company (FUL)

NYSE: FUL · Adhesives & Sealants · St Paul, MN · filing with the SEC since 1994
Grade3.8
◀ Past 4.0● Present 4.5▶ Future 2.8

The grade of H.B. Fuller Company

Nine metrics read from its own filings, by tense
Headline grade
3.8/10
◀ Past4.030% of the headline
● Present4.540% of the headline
▶ Future2.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.0/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2020-01-27.

weight 33% of this tense · 30th percentile among 15 sector filers · read for itself

From the record

H.B. Fuller Company's filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2020-01-27) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.7/10

What has it actually done, year after year?

+5.3% a year over 9 filed years; profitable in 10 of 10.

weight 45% of this tense · 47th percentile among 15 sector filers · read for its customers

From the record

H.B. Fuller Company's 9 filed years say what it did: revenue went from $2.3 billion in fiscal 2017 to $3.5 billion in fiscal 2025, up 5.3% a year; it rose in 4 of 8 years; the deepest fall was 8% from fiscal 2018 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.3%top 43% of its family
  • the share of years revenue rosebottom 10% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak8.2%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.1/10

How has it treated the people who own it?

Share count grew 0.1% a year. 26% of cash flow returned. Insiders: 3 sales, 13 purchases.

weight 22% of this tense · 41st percentile among 13 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-11-29, H.B. Fuller Company's diluted share count grew about 0.1% a year, and dividends and buybacks returned about 26% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 13 purchases of their own stock on the open market in the year to 2026-11-12, buying about $2 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 39% of its family
  • cash returned against operating cash flowbottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.5/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.0/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 45% of this tense · 50th percentile among 15 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-11-29, H.B. Fuller Company earned about 8 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 21 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 2.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 37% of its family
  • return on equitybottom 37% of its family
  • gross profit against assetsbottom 37% of its family
  • the share count against the year beforetop 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.3/10

How strong is its position in its industry?

bottom 33% of 15 in its family; net margin 4.4%.

weight 33% of this tense · 33rd percentile among 15 sector filers · read for its customers

From the record

H.B. Fuller Company's standing among 15 graded names in its industry family: revenue of $3.5 billion in fiscal 2025 ranks in the bottom 39% by size; a net margin of 4.4% ranks in the bottom 37%; revenue growth of -2.5% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$3.47Bbottom 39% of its family
  • net margin4.4%bottom 37% of its family
  • three-year revenue growth-2.5%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.3/10

What are the people in charge doing?

top 47% of 12 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 53rd percentile among 12 sector filers · read for its shareholders

From the record

H.B. Fuller Company's leadership, from its insiders' filings and its current reports: the chief executive on the record is Mastin, Celeste Beeks (President and CEO, as filed), filing under that title since 2023-01-26, 3.8 years (bottom 46% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (top 46%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 20 peopletop 42% of its family
  • the median years the people in charge have filed5.4 yearstop 46% of its family
  • the chief executive's years on the record3.8 yearsbottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

2.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.1/10

How much room does it have to grow?

bottom 21% of 15 in its family for room to expand.

weight 45% of this tense · 21st percentile among 15 sector filers · read for itself

From the record

H.B. Fuller Company's room to grow, from the newest filed statements (fiscal 2025): cash of $107 million against debt of $2.0 billion leaves -36.8% of its assets as net cash, bottom 17% of its family; cash from operations less capital spending is 3.5% of revenue (bottom 23%); a gross margin of 31.1% (bottom 23%) (its annual report).

What it rests on

  • cash less debt against assets-36.8%bottom 17% of its family
  • cash from operations less capital spending against revenue3.5%bottom 23% of its family
  • gross margin31.1%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.0/10

What could actually drive growth from here?

bottom 31% of 15 in its family for growth drivers.

weight 33% of this tense · 31st percentile among 15 sector filers · read for its customers

From the record

H.B. Fuller Company's growth drivers, from the filed years to fiscal 2025: revenue grew -2.5% a year over the last three filed years against 5.3% over all 9, slowing (bottom 17% of its family); the newest year grew -2.7% (bottom 23%); research spending grew 0.8% a year (bottom 32%); capital spending grew 3.1% a year (top 50%) (its annual reports). H.B. Fuller Company reported 4 lines of business in fiscal 2025: Hygiene Health and Consumable Adhesives at $1.6 billion, Engineering Adhesives at $1.1 billion, Construction Adhesives at $860 million, and 1 more. 4 of 4 grew in the latest filed year, and the largest line is 36% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-7.8 points a yearbottom 17% of its family
  • the newest year's revenue growth-2.7%bottom 23% of its family
  • three-year growth of research spending0.8%bottom 32% of its family
  • three-year growth of capital spending3.1%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.9/10

Did its newest year beat what its own record pointed to?

bottom 39% of 14 in its family for expectations against reality.

weight 22% of this tense · 39th percentile among 14 sector filers · read for its shareholders

From the record

H.B. Fuller Company's newest year against its own record: revenue of $3.5 billion in fiscal 2025 came in 0.2% below the $3.5 billion its prior three years' pace pointed to (bottom 46% of its family); net income of $152 million against a prior three-year average of $152 million (bottom 32%); a net margin of 4.4% against 4.2% before (bottom 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-0.2%bottom 46% of its family
  • net income against the prior three years' average+0%bottom 32% of its family
  • net margin against its prior average+0.2 pointsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FUL · research, not advice