H.B. Fuller (FUL) Financials

$56.25 -0.47 (-0.83%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for H.B. Fuller

This table shows H.B. Fuller's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	12/2/2023	12/3/2022	11/27/2021	11/28/2020	11/30/2019	12/1/2018	12/2/2017	12/3/2016	11/28/2015
Net Income / (Loss) Attributable to Common Shareholders	130	145	180	161	124	131	171	59	122	87
Consolidated Net Income / (Loss)	130	145	180	161	124	131	171	59	122	87
Net Income / (Loss) Continuing Operations	130	145	180	161	124	131	171	59	122	88
Total Pre-Tax Income	183	234	252	217	158	173	157	61	163	138
Total Operating Income	311	365	336	253	234	226	238	120	198	166
Total Gross Profit	1,062	1,009	964	845	757	807	828	599	606	568
Total Revenue	3,569	3,511	3,749	3,278	2,790	2,897	3,041	2,306	2,095	2,084
Operating Revenue	3,569	3,511	3,749	3,278	2,790	2,897	3,041	2,306	2,095	2,084
Total Cost of Revenue	2,507	2,502	2,785	2,433	2,034	2,090	2,213	1,707	1,489	1,516
Operating Cost of Revenue	2,507	2,502	2,785	2,433	2,034	2,090	2,213	1,707	1,489	1,516
Total Operating Expenses	751	644	628	593	523	581	590	479	407	402
Selling, General & Admin Expense	714	654	641	593	538	581	590	479	408	398
Other Operating Expenses / (Income)	37	-9.68	-13	-	-15	-	-	-	-	-
Total Other Income / (Expense), net	-128	-131	-84	-36	-75	-53	-81	-59	-35	-27
Interest Expense	133	135	92	78	87	103	111	44	27	25
Interest & Investment Income	4.68	3.94	7.78	9.48	11	12	12	3.93	2.05	-
Income Tax Expense	56	94	77	63	42	49	-6.36	9.81	49	56
Other Gains / (Losses), net	4.11	4.36	5.67	7.66	7.35	7.42	8.15	8.68	7.39	5.91
Net Income / (Loss) Attributable to Noncontrolling Interest	0.14	0.08	0.09	0.08	0.07	0.03	0.02	0.05	0.25	0.42
Basic Earnings per Share	$2.37	$2.67	$3.37	$3.05	$2.38	$2.57	$3.38	$1.18	$2.43	$1.72
Weighted Average Basic Shares Outstanding	54.93M	54.33M	53.58M	52.89M	52.04M	50.92M	50.59M	50.37M	50.14M	50.27M
Diluted Earnings per Share	$2.30	$2.59	$3.26	$2.97	$2.36	$2.52	$3.29	$1.15	$2.37	$1.69
Weighted Average Diluted Shares Outstanding	56.63M	55.96M	55.27M	54.32M	52.52M	51.98M	51.98M	51.62M	51.27M	51.39M
Weighted Average Basic & Diluted Shares Outstanding	54.68M	54.21M	53.71M	52.83M	51.97M	51.26M	50.70M	50.40M	50.10M	50.40M
Cash Dividends to Common per Share	$0.86	$0.81	$0.74	$0.67	$0.65	$0.64	$0.62	$0.59	$0.55	$0.51

This table shows H.B. Fuller's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/1/2025	11/30/2024	8/31/2024	6/1/2024	3/2/2024	12/2/2023	9/2/2023	6/3/2023	3/4/2023	12/3/2022	8/27/2022
Net Income / (Loss) Attributable to Common Shareholders	13	-7.36	55	51	31	45	38	40	22	48	46
Consolidated Net Income / (Loss)	13	-7.25	55	51	31	45	38	40	22	48	47
Net Income / (Loss) Continuing Operations	13	-7.25	55	51	31	45	38	40	22	48	47
Total Pre-Tax Income	19	-0.53	72	73	38	86	59	59	30	62	73
Total Operating Income	50	36	106	101	68	122	93	90	60	97	95
Total Gross Profit	227	265	276	282	239	274	263	257	215	248	249
Total Revenue	789	923	918	917	810	903	901	898	809	958	941
Operating Revenue	789	923	918	917	810	903	901	898	809	958	941
Total Cost of Revenue	562	658	642	635	571	629	637	641	594	710	692
Operating Cost of Revenue	562	658	642	635	571	629	637	641	594	710	692
Total Operating Expenses	177	229	169	181	171	152	171	167	155	151	155
Selling, General & Admin Expense	181	188	171	181	172	160	172	167	155	158	161
Other Operating Expenses / (Income)	-3.21	-	-2.15	-	-1.50	-	-1.56	-	-	-	-6.56
Total Other Income / (Expense), net	-31	-36	-34	-27	-31	-35	-34	-32	-30	-35	-21
Interest Expense	32	34	35	32	32	33	35	33	33	30	23
Interest & Investment Income	1.10	1.08	1.09	1.20	1.31	1.22	1.13	0.93	0.67	1.61	2.14
Income Tax Expense	5.95	7.89	18	22	7.81	42	22	19	9.73	15	28
Other Gains / (Losses), net	0.50	1.16	1.31	0.60	1.04	1.04	0.98	1.16	1.18	1.43	1.59
Net Income / (Loss) Attributable to Noncontrolling Interest	0.02	0.11	-0.02	0.03	0.02	0.01	0.02	0.02	0.03	0.02	0.03
Basic Earnings per Share	$0.24	($0.14)	$1.01	$0.93	$0.57	$0.84	$0.69	$0.74	$0.40	$0.90	$0.87
Weighted Average Basic Shares Outstanding	55.00M	54.93M	54.98M	54.95M	54.70M	54.33M	54.39M	54.27M	54.17M	53.58M	53.64M
Diluted Earnings per Share	$0.24	($0.14)	$0.98	$0.91	$0.55	$0.80	$0.67	$0.73	$0.39	$0.87	$0.84
Weighted Average Diluted Shares Outstanding	56.03M	56.63M	56.65M	56.64M	56.57M	55.96M	56.03M	55.72M	55.92M	55.27M	55.13M
Weighted Average Basic & Diluted Shares Outstanding	54.19M	54.68M	54.63M	54.52M	54.49M	54.21M	54.02M	53.87M	53.83M	53.71M	53.31M

This table details how cash moves in and out of H.B. Fuller's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	12/2/2023	12/3/2022	11/27/2021	11/28/2020	11/30/2019	12/1/2018	12/2/2017	12/3/2016	11/28/2015
Net Change in Cash & Equivalents	-10	100	18	-39	-12	-39	-44	52	23	42
Net Cash From Operating Activities	302	378	257	213	332	269	253	166	196	211
Net Cash From Continuing Operating Activities	302	378	257	213	332	246	253	166	193	211
Net Income / (Loss) Continuing Operations	130	145	180	161	124	131	171	59	122	88
Consolidated Net Income / (Loss)	130	145	180	161	124	131	171	59	122	87
Depreciation Expense	91	80	73	72	68	67	69	51	49	48
Amortization Expense	84	80	74	71	71	74	76	36	28	27
Non-Cash Adjustments To Reconcile Net Income	58	-27	2.35	-6.71	-2.87	-20	-10.00	13	14	3.88
Changes in Operating Assets and Liabilities, net	-60	101	-73	-85	72	-6.48	-53	6.19	-21	43
Net Cash From Investing Activities	-407	-319	-375	-95	-109	7.41	-62	-1,801	-112	-259
Net Cash From Continuing Investing Activities	-407	-319	-375	-95	-109	7.41	-62	-1,801	-112	-259
Purchase of Property, Plant & Equipment	-139	-119	-130	-96	-93	-62	-68	-55	-63	-59
Acquisitions	-274	-205	-251	-5.45	-9.50	-8.29	3.50	-1,745	-53	-218
Sale of Property, Plant & Equipment	1.15	5.03	1.56	2.90	1.51	11	2.92	0.67	4.33	5.33
Other Investing Activities, net	4.87	0.00	3.93	3.98	-8.56	-3.75	0.00	-1.25	-	12
Net Cash From Financing Activities	112	35	160	-154	-239	-315	-229	1,685	-53	104
Net Cash From Continuing Financing Activities	112	35	160	-154	-239	-315	-229	1,685	-53	104
Repayment of Debt	-1,770	-2,165	-157	-147	-518	-289	-186	-1,137	-15	-214
Repurchase of Common Equity	-40	-2.57	-3.95	-2.68	-3.43	-3.03	-4.69	-25	-23	-19
Payment of Dividends	-48	-43	-39	-35	-33	-32	-31	-30	-28	-26
Issuance of Debt	1,933	2,233	335	0.00	304	1.66	-13	2,856	0.00	357
Other Financing Activities, net	36	13	25	31	12	7.28	6.24	20	13	6.06
Other Net Changes in Cash	-18	-	-	-3.34	5.46	-0.14	-6.48	-	-	-5.29
Cash Interest Paid	135	137	84	63	69	107	109	44	30	27
Cash Income Taxes Paid	123	71	73	73	50	37	37	38	47	33

This table details how cash moves in and out of H.B. Fuller's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/1/2025	11/30/2024	8/31/2024	6/1/2024	3/2/2024	12/2/2023	9/2/2023	6/3/2023	3/4/2023	12/3/2022	8/27/2022
Net Change in Cash & Equivalents	-64	38	17	-50	-14	85	-8.25	-22	46	19	-7.44
Net Cash From Operating Activities	-53	86	88	82	47	162	108	103	5.55	208	58
Net Cash From Continuing Operating Activities	-53	86	88	82	47	162	108	103	5.55	208	58
Net Income / (Loss) Continuing Operations	13	-7.25	55	51	31	45	38	40	22	48	47
Consolidated Net Income / (Loss)	13	-7.25	55	51	31	45	38	40	22	48	47
Depreciation Expense	22	24	22	22	23	20	21	20	19	18	18
Amortization Expense	21	22	22	19	20	21	21	19	19	19	19
Non-Cash Adjustments To Reconcile Net Income	-13	52	0.06	3.92	4.75	-37	5.22	2.48	2.56	-2.98	5.16
Changes in Operating Assets and Liabilities, net	-96	-4.89	-12	-15	-32	113	23	21	-57	125	-30
Net Cash From Investing Activities	-121	-21	-42	-301	-43	-20	-116	-120	-64	-39	-43
Net Cash From Continuing Investing Activities	-121	-21	-42	-301	-43	-20	-116	-120	-64	-39	-43
Purchase of Property, Plant & Equipment	-33	-26	-23	-47	-43	-9.59	-27	-35	-48	-32	-29
Acquisitions	-162	0.20	-20	-254	0.00	-11	-91	-87	-17	-7.94	-14
Purchase of Investments	-2.55	-	-	-	0.00	-	-	-	-	-	-
Sale of Property, Plant & Equipment	0.48	0.10	0.35	0.13	0.57	0.77	1.63	2.01	0.61	0.28	0.01
Divestitures	76	-	-	-	0.00	-	-	-	-	-	-
Net Cash From Financing Activities	111	-20	-29	178	-17	-61	2.98	-9.90	103	-141	-17
Net Cash From Continuing Financing Activities	111	-20	-29	178	-17	-61	2.98	-9.90	103	-141	-17
Repayment of Debt	-360	-209	-251	-1,106	-204	-952	-26	0.64	-1,188	-141	-19
Repurchase of Common Equity	-44	-0.19	-18	-16	-6.21	-0.01	-0.01	-0.10	-2.45	-0.07	-0.28
Payment of Dividends	-12	-12	-12	-12	-11	-11	-11	-11	-10	-10	-10
Issuance of Debt	526	200	236	1,302	195	900	33	-	1,300	-6.71	6.71
Other Financing Activities, net	1.38	1.77	16	9.31	8.98	1.89	7.06	0.60	3.60	17	5.69
Effect of Exchange Rate Changes	-0.76	-	-	-	-1.92	-	-	-	-	-	-

This table presents H.B. Fuller's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	12/2/2023	12/3/2022	12/31/2021	11/28/2020	11/30/2019	12/1/2018	12/2/2017	12/3/2016	11/28/2015
Total Assets	4,933	4,724	4,464	4,275	4,037	3,986	4,176	4,373	2,056	2,042
Total Current Assets	1,299	1,312	1,299	1,221	1,020	1,033	1,090	1,158	811	801
Cash & Equivalents	169	179	80	62	101	112	151	194	142	119
Accounts Receivable	558	578	607	615	515	493	495	474	351	365
Inventories, net	467	442	492	448	323	337	348	372	247	249
Other Current Assets	104	113	120	96	81	91	96	117	70	69
Plant, Property, & Equipment, net	882	825	734	695	671	630	637	670	515	513
Plant, Property & Equipment, gross	1,865	-	-	695	-	-	-	-	-	-
Accumulated Depreciation	983	-	-	-	-	-	-	-	-	-
Total Noncurrent Assets	2,752	2,587	2,431	2,358	2,346	2,323	2,450	2,545	729	728
Goodwill	1,532	1,487	1,393	1,299	1,312	1,282	1,305	1,337	366	354
Intangible Assets	770	729	702	687	756	799	908	1,002	205	213
Other Noncurrent Operating Assets	450	371	336	372	278	241	237	207	158	161
Total Liabilities & Shareholders' Equity	4,933	4,724	4,464	4,275	4,037	3,986	4,176	4,373	2,056	2,042
Total Liabilities	3,103	2,968	2,853	2,677	2,655	2,763	3,023	3,321	1,113	1,165
Total Current Liabilities	719	693	706	737	530	542	546	505	392	350
Short-Term Debt	0.59	1.84	29	25	17	81	106	53	118	53
Accounts Payable	491	440	461	500	316	299	273	268	163	178
Accrued Expenses	97	108	89	86	84	61	76	84	51	57
Current Deferred & Payable Income Tax Liabilities	24	48	19	16	29	23	13	14	7.99	8.97
Current Employee Benefit Liabilities	106	96	108	110	84	79	78	85	52	52
Total Noncurrent Liabilities	2,384	2,275	2,147	1,940	2,125	2,221	2,477	2,817	721	815
Long-Term Debt	2,010	1,837	1,736	1,591	1,757	1,898	2,142	2,399	586	670
Noncurrent Employee Benefit Liabilities	52	50	53	72	89	80	71	71	74	76
Other Noncurrent Operating Liabilities	322	388	358	277	279	242	265	346	62	69
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,830	1,756	1,611	1,597	1,382	1,223	1,153	1,052	938	873
Total Preferred & Common Equity	1,829	1,755	1,610	1,597	1,381	1,222	1,153	1,051	938	873
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,829	1,755	1,610	1,597	1,381	1,222	1,153	1,051	938	873
Common Stock	377	356	320	266	210	182	147	125	110	106
Retained Earnings	1,925	1,843	1,741	1,601	1,474	1,384	1,286	1,127	1,091	995
Accumulated Other Comprehensive Income / (Loss)	-473	-443	-451	-270	-303	-344	-280	-201	-263	-227
Noncontrolling Interest	1.19	0.71	0.62	0.59	0.54	0.44	0.40	0.39	0.39	0.41

This table presents H.B. Fuller's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/1/2025	8/31/2024	6/1/2024	3/2/2024	9/2/2023	6/3/2023	3/4/2023	8/27/2022
Total Assets	4,961	4,978	4,919	4,682	4,660	4,618	4,536	4,572
Total Current Assets	1,214	1,330	1,291	1,297	1,241	1,318	1,341	1,421
Cash & Equivalents	106	131	115	165	95	103	125	61
Accounts Receivable	525	575	571	526	576	587	566	650
Inventories, net	468	509	496	490	473	499	526	547
Other Current Assets	115	115	109	116	98	129	123	163
Plant, Property, & Equipment, net	844	861	839	823	801	787	757	706
Plant, Property & Equipment, gross	1,794	1,855	1,814	1,772	1,709	1,674	1,623	1,527
Accumulated Depreciation	950	994	975	949	908	886	866	820
Total Noncurrent Assets	2,903	2,787	2,789	2,562	2,617	2,513	2,438	2,444
Goodwill	1,624	1,592	1,578	1,487	1,491	1,441	1,391	1,376
Intangible Assets	835	806	813	702	747	722	697	708
Other Noncurrent Operating Assets	444	389	398	373	380	350	350	361
Total Liabilities & Shareholders' Equity	4,961	4,978	4,919	4,682	4,660	4,618	4,536	4,572
Total Liabilities	3,183	3,137	3,127	2,914	2,933	2,935	2,902	2,993
Total Current Liabilities	615	705	684	653	618	661	643	737
Short-Term Debt	0.58	0.80	1.40	1.54	13	30	28	33
Accounts Payable	450	494	474	461	395	436	450	485
Accrued Expenses	81	87	83	78	103	99	96	87
Current Deferred & Payable Income Tax Liabilities	16	39	47	50	33	28	16	43
Current Employee Benefit Liabilities	67	84	78	63	75	67	52	89
Total Noncurrent Liabilities	2,568	2,432	2,443	2,261	2,314	2,274	2,258	2,256
Long-Term Debt	2,179	2,020	2,024	1,829	1,872	1,852	1,845	1,885
Noncurrent Employee Benefit Liabilities	52	52	51	51	55	54	54	67
Other Noncurrent Operating Liabilities	336	360	369	381	387	368	359	304
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,778	1,842	1,792	1,768	1,727	1,683	1,634	1,579
Total Preferred & Common Equity	1,777	1,841	1,791	1,768	1,726	1,682	1,633	1,578
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,777	1,841	1,791	1,768	1,726	1,682	1,633	1,578
Common Stock	340	371	365	364	348	334	327	299
Retained Earnings	1,926	1,944	1,901	1,862	1,809	1,782	1,753	1,703
Accumulated Other Comprehensive Income / (Loss)	-488	-474	-475	-459	-430	-434	-446	-424
Noncontrolling Interest	1.22	0.73	0.72	0.72	0.68	0.67	0.66	0.59

This table displays calculated financial ratios and metrics derived from H.B. Fuller's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	11/30/2024	12/2/2023	12/3/2022	11/27/2021	11/28/2020	11/30/2019	12/1/2018	12/2/2017	12/3/2016	11/28/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.65%	-6.35%	14.37%	17.48%	-3.68%	-4.74%	31.87%	10.09%	0.53%	-0.99%
EBITDA Growth	-7.40%	8.70%	12.60%	15.06%	-8.05%	1.02%	113.69%	-29.56%	11.64%	40.76%
EBIT Growth	-14.72%	8.68%	17.59%	22.14%	-11.45%	3.12%	154.99%	-46.82%	15.54%	64.92%
NOPAT Growth	-1.84%	-5.90%	29.94%	4.27%	6.48%	-34.80%	147.10%	-27.92%	40.56%	76.07%
Net Income Growth	-10.07%	-19.63%	11.72%	30.44%	-5.39%	-23.59%	187.95%	-51.22%	39.98%	73.67%
EPS Growth	-11.20%	-20.55%	9.76%	25.85%	-6.35%	-23.40%	186.09%	-51.48%	40.24%	74.23%
Operating Cash Flow Growth	-20.07%	47.52%	20.25%	-35.66%	23.18%	6.26%	52.30%	-15.01%	-7.05%	608.04%
Free Cash Flow Firm Growth	-141.08%	12.77%	7.86%	-60.07%	-35.85%	4.79%	118.00%	-1,562.36%	782.71%	120.87%
Invested Capital Growth	7.50%	3.61%	4.57%	3.17%	-1.12%	-4.93%	-1.79%	120.10%	1.51%	6.14%
Revenue Q/Q Growth	0.58%	-1.55%	1.65%	3.79%	1.40%	-1.00%	3.06%	4.69%	1.30%	0.02%
EBITDA Q/Q Growth	-14.23%	8.46%	5.01%	6.04%	10.47%	5.70%	26.43%	-22.46%	-2.05%	11.56%
EBIT Q/Q Growth	-21.63%	11.57%	6.67%	9.25%	17.41%	9.62%	41.98%	-38.09%	-3.31%	16.91%
NOPAT Q/Q Growth	-18.30%	-1.99%	6.85%	0.30%	12.42%	-11.57%	4.24%	-13.74%	10.39%	16.75%
Net Income Q/Q Growth	-28.61%	-2.25%	-1.41%	6.81%	7.28%	-6.53%	38.65%	-42.04%	10.58%	19.66%
EPS Q/Q Growth	-29.01%	-2.63%	-1.81%	5.69%	7.27%	-6.67%	38.82%	-42.21%	10.23%	19.86%
Operating Cash Flow Q/Q Growth	-20.09%	-10.86%	154.28%	-28.81%	9.80%	-12.25%	25.19%	37.93%	-5.00%	727.08%
Free Cash Flow Firm Q/Q Growth	-183.88%	-29.67%	263.05%	-32.92%	4.04%	-13.37%	122.04%	-2,942.72%	-14.51%	100.90%
Invested Capital Q/Q Growth	-1.61%	-2.91%	-4.08%	-0.37%	-1.69%	-2.02%	-2.76%	93.31%	-2.35%	-4.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.76%	28.74%	25.70%	25.79%	27.12%	27.85%	27.23%	25.97%	28.92%	27.26%
EBITDA Margin	13.61%	14.94%	12.87%	13.08%	13.35%	13.98%	13.19%	8.14%	12.72%	11.45%
Operating Margin	8.72%	10.39%	8.95%	7.71%	8.38%	7.80%	7.82%	5.18%	9.47%	7.96%
EBIT Margin	8.72%	10.39%	8.95%	8.71%	8.38%	9.11%	8.42%	4.35%	9.01%	7.84%
Profit (Net Income) Margin	3.65%	4.13%	4.81%	4.93%	4.44%	4.52%	5.63%	2.58%	5.82%	4.18%
Tax Burden Percent	71.39%	61.92%	71.61%	74.46%	78.17%	75.71%	109.26%	98.13%	74.59%	62.96%
Interest Burden Percent	58.71%	64.19%	75.05%	75.96%	67.76%	65.48%	61.23%	60.37%	86.59%	84.68%
Effective Tax Rate	30.87%	39.94%	30.64%	29.07%	26.47%	28.59%	-4.06%	16.19%	29.93%	40.37%
Return on Invested Capital (ROIC)	6.07%	6.53%	7.22%	5.77%	5.59%	5.09%	7.55%	4.16%	9.31%	6.87%
ROIC Less NNEP Spread (ROIC-NNEP)	1.23%	2.10%	3.99%	4.68%	2.88%	3.55%	4.04%	1.27%	6.38%	4.74%
Return on Net Nonoperating Assets (RNNOA)	1.20%	2.08%	4.03%	5.07%	3.91%	5.92%	7.98%	1.80%	4.08%	2.95%
Return on Equity (ROE)	7.27%	8.61%	11.25%	10.84%	9.51%	11.01%	15.53%	5.96%	13.40%	9.83%
Cash Return on Invested Capital (CROIC)	-1.16%	2.99%	2.76%	2.65%	6.72%	10.15%	9.36%	-70.88%	7.82%	0.92%
Operating Return on Assets (OROA)	6.44%	7.94%	7.68%	6.87%	5.83%	6.47%	5.99%	3.12%	9.21%	8.35%
Return on Assets (ROA)	2.70%	3.16%	4.13%	3.89%	3.09%	3.21%	4.01%	1.85%	5.95%	4.45%
Return on Common Equity (ROCE)	7.27%	8.61%	11.24%	10.84%	9.50%	11.01%	15.53%	5.95%	13.33%	9.77%
Return on Equity Simple (ROE_SIMPLE)	7.13%	8.26%	11.20%	10.11%	8.96%	10.70%	14.85%	5.66%	13.00%	9.98%
Net Operating Profit after Tax (NOPAT)	215	219	233	179	172	161	248	100	139	99
NOPAT Margin	6.03%	6.24%	6.21%	5.47%	6.16%	5.57%	8.14%	4.34%	6.64%	4.75%
Net Nonoperating Expense Percent (NNEP)	4.84%	4.43%	3.24%	1.10%	2.71%	1.54%	3.50%	2.89%	2.93%	2.13%
Return On Investment Capital (ROIC_SIMPLE)	5.60%	6.10%	6.90%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	70.25%	71.26%	74.30%	74.21%	72.88%	72.15%	72.77%	74.03%	71.08%	72.74%
SG&A Expenses to Revenue	20.00%	18.62%	17.10%	18.08%	19.29%	20.05%	19.41%	20.79%	19.46%	19.08%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.04%	18.34%	16.75%	18.08%	18.74%	20.05%	19.41%	20.79%	19.45%	19.30%
Earnings before Interest and Taxes (EBIT)	311	365	336	285	234	264	256	100	189	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	486	525	483	429	373	405	401	188	266	239
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.30	2.34	2.60	2.36	1.93	1.97	1.98	2.45	2.27	2.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.82	5.92
Price to Revenue (P/Rev)	1.18	1.17	1.12	1.15	0.96	0.83	0.75	1.12	1.02	0.87
Price to Earnings (P/E)	32.25	28.35	23.23	23.34	21.55	18.36	13.32	43.44	17.51	20.86
Dividend Yield	1.13%	1.06%	0.94%	0.93%	1.26%	1.35%	1.37%	1.15%	1.30%	1.43%
Earnings Yield	3.10%	3.53%	4.31%	4.29%	4.64%	5.45%	7.51%	2.30%	5.71%	4.79%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.69	1.78	1.69	1.42	1.38	1.35	1.46	1.79	1.63
Enterprise Value to Revenue (EV/Rev)	1.69	1.64	1.57	1.62	1.56	1.47	1.44	2.10	1.29	1.16
Enterprise Value to EBITDA (EV/EBITDA)	12.44	10.99	12.17	12.42	11.65	10.54	10.92	25.78	10.12	10.13
Enterprise Value to EBIT (EV/EBIT)	19.42	15.81	17.50	18.64	18.57	16.18	17.10	48.21	14.28	14.79
Enterprise Value to NOPAT (EV/NOPAT)	28.10	26.33	25.23	29.70	25.26	26.46	17.69	48.30	19.40	24.44
Enterprise Value to Operating Cash Flow (EV/OCF)	19.98	15.24	22.90	24.95	13.09	15.86	17.28	29.09	13.78	11.48
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	57.56	66.10	64.59	21.04	13.28	14.26	0.00	23.11	182.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.10	1.05	1.10	1.01	1.28	1.62	1.95	2.33	0.75	0.82
Long-Term Debt to Equity	1.10	1.05	1.08	1.00	1.27	1.55	1.86	2.28	0.62	0.76
Financial Leverage	0.98	0.99	1.01	1.08	1.36	1.67	1.97	1.41	0.64	0.62
Leverage Ratio	2.69	2.73	2.72	2.79	3.08	3.44	3.88	3.22	2.25	2.21
Compound Leverage Factor	1.58	1.75	2.04	2.12	2.09	2.25	2.37	1.95	1.95	1.87
Debt to Total Capital	52.35%	51.15%	52.29%	50.30%	56.21%	61.81%	66.09%	69.98%	42.73%	45.17%
Short-Term Debt to Total Capital	0.02%	0.05%	0.85%	0.78%	0.54%	2.52%	3.12%	1.51%	7.14%	3.33%
Long-Term Debt to Total Capital	52.34%	51.10%	51.43%	49.52%	55.68%	59.29%	62.97%	68.47%	35.59%	41.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.28%	0.29%
Common Equity to Total Capital	47.62%	48.83%	47.70%	49.68%	43.77%	38.18%	33.90%	30.01%	56.99%	54.54%
Debt to EBITDA	4.14	3.50	3.66	3.77	4.76	4.89	5.60	13.06	2.64	3.03
Net Debt to EBITDA	3.79	3.16	3.49	3.63	4.49	4.61	5.23	12.03	2.11	2.53
Long-Term Debt to EBITDA	4.14	3.50	3.60	3.71	4.72	4.69	5.34	12.78	2.20	2.81
Debt to NOPAT	9.35	8.39	7.58	9.02	10.32	12.26	9.08	24.48	5.06	7.31
Net Debt to NOPAT	8.56	7.57	7.24	8.68	9.74	11.57	8.47	22.54	4.04	6.11
Long-Term Debt to NOPAT	9.35	8.38	7.46	8.88	10.22	11.76	8.65	23.95	4.21	6.77
Altman Z-Score	2.43	2.53	2.67	2.49	2.14	2.10	1.97	1.61	3.46	3.16
Noncontrolling Interest Sharing Ratio	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.25%	0.51%	0.55%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.89	1.84	1.66	1.92	1.91	2.00	2.29	2.07	2.29
Quick Ratio	1.01	1.09	0.97	0.92	1.16	1.12	1.18	1.32	1.26	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-41	100	89	82	206	322	307	-1,706	117	13
Operating Cash Flow to CapEx	219.02%	331.61%	199.76%	228.90%	362.74%	529.37%	387.68%	306.52%	331.80%	395.00%
Free Cash Flow to Firm to Interest Expense	-0.31	0.74	0.97	1.06	2.38	3.11	2.77	-39.03	4.26	0.53
Operating Cash Flow to Interest Expense	2.27	2.81	2.80	2.73	3.82	2.61	2.28	3.81	7.15	8.41
Operating Cash Flow Less CapEx to Interest Expense	1.23	1.96	1.40	1.54	2.77	2.11	1.69	2.56	5.00	6.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.76	0.86	0.79	0.70	0.71	0.71	0.72	1.02	1.07
Accounts Receivable Turnover	6.28	5.92	6.14	5.80	5.54	5.86	6.28	5.59	5.85	5.90
Inventory Turnover	5.51	5.36	5.93	6.31	6.16	6.10	6.14	5.51	6.00	6.07
Fixed Asset Turnover	4.18	4.51	5.25	4.80	4.29	4.58	4.65	3.89	4.07	4.10
Accounts Payable Turnover	5.38	5.56	5.80	5.96	6.61	7.30	8.17	7.91	8.74	8.60
Days Sales Outstanding (DSO)	58.11	61.61	59.48	62.89	65.94	62.25	58.14	65.28	62.37	61.84
Days Inventory Outstanding (DIO)	66.21	68.11	61.60	57.89	59.27	59.88	59.43	66.23	60.79	60.18
Days Payable Outstanding (DPO)	67.79	65.67	62.96	61.27	55.22	49.97	44.69	46.12	41.78	42.43
Cash Conversion Cycle (CCC)	56.53	64.05	58.12	59.50	69.99	72.16	72.87	85.38	81.38	79.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,671	3,415	3,296	3,152	3,055	3,090	3,250	3,309	1,504	1,481
Invested Capital Turnover	1.01	1.05	1.16	1.06	0.91	0.91	0.93	0.96	1.40	1.45
Increase / (Decrease) in Invested Capital	256	119	144	97	-34	-160	-59	1,806	22	86
Enterprise Value (EV)	6,043	5,768	5,874	5,322	4,340	4,270	4,378	4,839	2,696	2,417
Market Capitalization	4,200	4,108	4,188	3,766	2,667	2,402	2,281	2,581	2,130	1,808
Book Value per Share	$33.48	$32.49	$30.20	$30.38	$26.70	$23.98	$22.74	$20.89	$18.63	$17.26
Tangible Book Value per Share	($8.67)	($8.52)	($9.09)	($7.40)	($13.27)	($16.85)	($20.92)	($25.57)	$7.28	$6.05
Total Capital	3,840	3,594	3,376	3,214	3,156	3,202	3,401	3,504	1,646	1,600
Total Debt	2,011	1,838	1,765	1,616	1,774	1,979	2,248	2,452	703	723
Total Long-Term Debt	2,010	1,837	1,736	1,591	1,757	1,898	2,142	2,399	586	670
Net Debt	1,841	1,659	1,685	1,555	1,673	1,867	2,097	2,258	561	604
Capital Expenditures (CapEx)	138	114	128	93	91	51	65	54	59	53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	411	442	543	448	406	460	499	511	395	386
Debt-free Net Working Capital (DFNWC)	581	621	623	509	507	572	650	706	537	505
Net Working Capital (NWC)	580	619	594	484	490	491	544	653	419	452
Net Nonoperating Expense (NNE)	85	74	52	18	48	31	76	41	17	12
Net Nonoperating Obligations (NNO)	1,841	1,659	1,685	1,555	1,673	1,867	2,097	2,258	561	604
Total Depreciation and Amortization (D&A)	175	160	147	143	139	141	145	87	78	75
Debt-free, Cash-free Net Working Capital to Revenue	11.52%	12.58%	14.47%	13.65%	14.55%	15.87%	16.41%	22.17%	18.84%	18.51%
Debt-free Net Working Capital to Revenue	16.27%	17.69%	16.60%	15.54%	18.15%	19.74%	21.37%	30.60%	25.63%	24.23%
Net Working Capital to Revenue	16.25%	17.64%	15.83%	14.77%	17.55%	16.96%	17.88%	28.30%	20.02%	21.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.37	$2.67	$3.37	$3.05	$0.00	$2.57	$3.38	$1.16	$2.48	$1.72
Adjusted Weighted Average Basic Shares Outstanding	54.93M	54.33M	53.58M	52.89M	0.00	50.92M	50.59M	50.37M	50.14M	50.27M
Adjusted Diluted Earnings per Share	$2.30	$2.59	$3.26	$2.97	$0.00	$2.52	$3.29	$1.13	$2.42	$1.69
Adjusted Weighted Average Diluted Shares Outstanding	56.63M	55.96M	55.27M	54.32M	0.00	51.98M	51.98M	51.62M	51.27M	51.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.68M	54.21M	53.71M	52.83M	0.00	51.26M	50.77M	50.43M	50.23M	50.08M
Normalized Net Operating Profit after Tax (NOPAT)	215	219	233	179	172	161	167	100	139	102
Normalized NOPAT Margin	6.03%	6.24%	6.21%	5.47%	6.16%	5.57%	5.48%	4.34%	6.63%	4.88%
Pre Tax Income Margin	5.12%	6.67%	6.72%	6.62%	5.68%	5.97%	5.15%	2.63%	7.80%	6.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.34	2.71	3.67	3.66	2.69	2.56	2.31	2.30	6.90	6.53
NOPAT to Interest Expense	1.62	1.63	2.54	2.29	1.98	1.56	2.23	2.29	5.08	3.95
EBIT Less CapEx to Interest Expense	1.30	1.86	2.26	2.46	1.64	2.06	1.72	1.06	4.74	4.40
NOPAT Less CapEx to Interest Expense	0.58	0.78	1.14	1.10	0.93	1.07	1.64	1.05	2.92	1.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.50%	29.93%	21.73%	21.59%	27.03%	24.73%	18.18%	49.80%	22.57%	29.49%
Augmented Payout Ratio	66.84%	31.70%	23.92%	23.25%	29.80%	27.04%	20.91%	91.77%	41.62%	51.64%

This table displays calculated financial ratios and metrics derived from H.B. Fuller's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/1/2025	11/30/2024	8/31/2024	6/1/2024	3/2/2024	12/2/2023	9/2/2023	6/3/2023	3/4/2023	12/3/2022	8/27/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.68%	2.26%	1.92%	2.10%	0.15%	-5.77%	-4.31%	-9.57%	-5.52%	6.77%	13.84%
EBITDA Growth	-17.56%	-49.67%	11.46%	12.00%	11.01%	20.85%	2.97%	4.42%	1.72%	13.59%	29.09%
EBIT Growth	-27.38%	-70.67%	14.66%	14.85%	8.76%	25.75%	-1.73%	3.70%	-0.43%	16.97%	44.07%
NOPAT Growth	-37.53%	-59.73%	37.65%	15.39%	32.23%	-15.17%	-0.36%	4.41%	-8.16%	29.14%	60.50%
Net Income Growth	-57.23%	-116.12%	46.98%	26.90%	41.50%	-6.89%	-19.08%	-14.41%	-42.81%	-5.08%	47.11%
EPS Growth	-56.36%	-117.50%	46.27%	24.66%	41.03%	-8.05%	-20.24%	-15.12%	-43.48%	-6.45%	44.83%
Operating Cash Flow Growth	-211.73%	-47.03%	-18.92%	-20.64%	753.94%	-22.19%	87.27%	1,104.07%	131.38%	298.25%	-28.87%
Free Cash Flow Firm Growth	-15,045.74%	-306.23%	-478.57%	-311.14%	-98.34%	19.73%	89.15%	136.88%	146.70%	-76.26%	-990.30%
Invested Capital Growth	12.20%	7.50%	6.09%	6.93%	1.53%	3.61%	2.36%	-0.58%	-3.27%	4.57%	8.61%
Revenue Q/Q Growth	-14.58%	0.58%	0.09%	13.16%	-10.24%	0.25%	0.27%	11.01%	-15.55%	1.80%	-5.24%
EBITDA Q/Q Growth	13.00%	-45.76%	3.54%	29.92%	-31.02%	20.12%	4.04%	28.77%	-16.89%	2.35%	5.51%
EBIT Q/Q Growth	39.31%	-66.53%	2.17%	52.44%	-43.74%	30.85%	2.33%	44.35%	-24.88%	2.25%	8.00%
NOPAT Q/Q Growth	35.78%	-68.65%	14.10%	28.61%	-12.46%	7.15%	-4.35%	47.39%	-35.15%	25.86%	0.23%
Net Income Q/Q Growth	282.88%	-113.11%	7.88%	65.41%	-31.08%	19.52%	-6.86%	84.44%	-54.65%	3.87%	-1.48%
EPS Q/Q Growth	271.43%	-114.29%	7.69%	65.45%	-31.25%	19.40%	-8.22%	87.18%	-55.17%	3.57%	-2.33%
Operating Cash Flow Q/Q Growth	-161.77%	-2.46%	7.58%	72.38%	-70.72%	49.32%	5.29%	1,754.86%	-97.33%	259.37%	576.98%
Free Cash Flow Firm Q/Q Growth	-66.43%	-71.86%	20.90%	-6,705.74%	104.52%	-144.77%	-128.87%	-48.13%	292.46%	66.91%	1.90%
Invested Capital Q/Q Growth	4.94%	-1.61%	0.79%	7.82%	0.55%	-2.91%	1.59%	2.37%	2.61%	-4.08%	-1.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.79%	28.69%	30.04%	30.75%	29.52%	30.33%	29.25%	28.59%	26.55%	25.89%	26.47%
EBITDA Margin	11.70%	8.84%	16.40%	15.85%	13.81%	17.97%	14.99%	14.45%	12.46%	14.01%	13.93%
Operating Margin	6.30%	3.86%	11.60%	10.97%	8.44%	13.46%	10.31%	10.04%	7.45%	10.09%	10.04%
EBIT Margin	6.30%	3.86%	11.60%	11.37%	8.44%	13.46%	10.31%	10.10%	7.77%	10.09%	10.04%
Profit (Net Income) Margin	1.68%	-0.79%	6.03%	5.59%	3.83%	4.98%	4.18%	4.50%	2.71%	5.04%	4.94%
Tax Burden Percent	70.89%	1,376.28%	76.55%	70.16%	82.08%	52.18%	63.93%	69.03%	71.93%	77.87%	63.56%
Interest Burden Percent	37.68%	-1.48%	67.89%	70.15%	55.26%	70.96%	63.42%	64.52%	48.46%	64.22%	77.45%
Effective Tax Rate	31.77%	0.00%	25.26%	30.66%	20.68%	49.02%	37.75%	32.94%	31.94%	24.43%	38.60%
Return on Invested Capital (ROIC)	4.18%	2.72%	8.49%	7.50%	6.90%	7.18%	6.59%	6.99%	5.46%	8.86%	6.89%
ROIC Less NNEP Spread (ROIC-NNEP)	3.08%	0.88%	7.17%	6.50%	5.54%	6.17%	5.48%	5.89%	4.39%	7.34%	6.22%
Return on Net Nonoperating Assets (RNNOA)	3.25%	0.86%	7.39%	6.90%	5.55%	6.12%	6.05%	6.52%	4.82%	7.41%	6.83%
Return on Equity (ROE)	7.43%	3.58%	15.88%	14.39%	12.45%	13.30%	12.63%	13.51%	10.28%	16.27%	13.72%
Cash Return on Invested Capital (CROIC)	-6.14%	-1.16%	1.35%	0.05%	5.28%	2.99%	4.10%	6.99%	9.71%	2.76%	-1.65%
Operating Return on Assets (OROA)	4.63%	2.85%	8.54%	8.42%	6.43%	10.29%	7.97%	7.89%	6.27%	8.65%	8.39%
Return on Assets (ROA)	1.24%	-0.58%	4.44%	4.14%	2.92%	3.81%	3.23%	3.51%	2.19%	4.33%	4.13%
Return on Common Equity (ROCE)	7.43%	3.58%	15.88%	14.39%	12.45%	13.30%	12.63%	13.50%	10.27%	16.27%	13.72%
Return on Equity Simple (ROE_SIMPLE)	6.34%	0.00%	9.92%	9.21%	8.72%	0.00%	8.59%	9.34%	10.04%	0.00%	11.60%
Net Operating Profit after Tax (NOPAT)	34	25	80	70	54	62	58	60	41	73	58
NOPAT Margin	4.30%	2.70%	8.67%	7.61%	6.69%	6.86%	6.42%	6.73%	5.07%	7.62%	6.17%
Net Nonoperating Expense Percent (NNEP)	1.10%	1.84%	1.32%	1.00%	1.36%	1.01%	1.11%	1.10%	1.06%	1.52%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	0.86%	0.65%	-	-	1.51%	1.72%	-	-	-	2.16%	-
Cost of Revenue to Revenue	71.21%	71.31%	69.96%	69.25%	70.48%	69.67%	70.75%	71.41%	73.45%	74.11%	73.53%
SG&A Expenses to Revenue	22.90%	20.41%	18.67%	19.79%	21.27%	17.77%	19.11%	18.55%	19.10%	16.48%	17.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.50%	24.83%	18.44%	19.79%	21.08%	16.87%	18.94%	18.55%	19.10%	15.81%	16.43%
Earnings before Interest and Taxes (EBIT)	50	36	106	104	68	122	93	91	63	97	95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	92	82	151	145	112	162	135	130	101	134	131
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.75	2.30	2.54	2.42	2.40	2.34	2.25	2.12	2.33	2.60	2.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.87	1.18	1.32	1.23	1.21	1.17	1.09	0.99	1.03	1.12	0.95
Price to Earnings (P/E)	27.57	32.25	25.58	26.25	27.57	28.35	26.24	22.67	23.26	23.23	19.12
Dividend Yield	1.57%	1.13%	1.00%	1.05%	1.04%	1.06%	1.09%	1.17%	1.07%	0.94%	1.09%
Earnings Yield	3.63%	3.10%	3.91%	3.81%	3.63%	3.53%	3.81%	4.41%	4.30%	4.31%	5.23%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.65	1.76	1.69	1.72	1.69	1.62	1.54	1.64	1.78	1.56
Enterprise Value to Revenue (EV/Rev)	1.46	1.69	1.85	1.77	1.68	1.64	1.59	1.48	1.50	1.57	1.45
Enterprise Value to EBITDA (EV/EBITDA)	11.11	12.44	11.58	11.32	10.98	10.99	11.74	11.13	11.48	12.17	11.65
Enterprise Value to EBIT (EV/EBIT)	17.71	19.42	16.53	16.27	15.85	15.81	17.37	16.25	16.58	17.50	17.02
Enterprise Value to NOPAT (EV/NOPAT)	26.56	28.10	24.92	25.83	25.54	26.33	25.41	24.01	25.31	25.23	24.58
Enterprise Value to Operating Cash Flow (EV/OCF)	25.61	19.98	17.33	15.64	14.07	15.24	13.38	14.28	19.88	22.90	53.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	133.68	3,831.03	32.88	57.56	39.87	22.02	16.65	66.10	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.23	1.10	1.10	1.13	1.04	1.05	1.09	1.12	1.15	1.10	1.22
Long-Term Debt to Equity	1.23	1.10	1.10	1.13	1.03	1.05	1.08	1.10	1.13	1.08	1.19
Financial Leverage	1.05	0.98	1.03	1.06	1.00	0.99	1.10	1.11	1.10	1.01	1.10
Leverage Ratio	2.72	2.69	2.70	2.74	2.71	2.73	2.79	2.80	2.80	2.72	2.81
Compound Leverage Factor	1.02	-0.04	1.83	1.93	1.50	1.94	1.77	1.81	1.36	1.75	2.17
Debt to Total Capital	55.07%	52.35%	52.32%	53.05%	50.87%	51.15%	52.19%	52.79%	53.41%	52.29%	54.85%
Short-Term Debt to Total Capital	0.01%	0.02%	0.02%	0.04%	0.04%	0.05%	0.35%	0.85%	0.80%	0.85%	0.95%
Long-Term Debt to Total Capital	55.06%	52.34%	52.30%	53.01%	50.83%	51.10%	51.84%	51.94%	52.61%	51.43%	53.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Common Equity to Total Capital	44.90%	47.62%	47.66%	46.93%	49.11%	48.83%	47.80%	47.19%	46.57%	47.70%	45.13%
Debt to EBITDA	4.68	4.14	3.57	3.68	3.40	3.50	3.90	3.92	3.87	3.66	4.17
Net Debt to EBITDA	4.45	3.79	3.34	3.47	3.09	3.16	3.70	3.71	3.61	3.49	4.04
Long-Term Debt to EBITDA	4.68	4.14	3.57	3.67	3.40	3.50	3.87	3.86	3.81	3.60	4.10
Debt to NOPAT	11.18	9.35	7.68	8.38	7.91	8.39	8.43	8.46	8.53	7.58	8.80
Net Debt to NOPAT	10.64	8.56	7.18	7.91	7.20	7.57	8.01	8.00	7.96	7.24	8.52
Long-Term Debt to NOPAT	11.18	9.35	7.67	8.38	7.90	8.38	8.38	8.32	8.40	7.46	8.65
Altman Z-Score	2.02	2.25	2.37	2.31	2.39	2.36	2.33	2.29	2.38	2.50	2.28
Noncontrolling Interest Sharing Ratio	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	1.81	1.89	1.89	1.99	1.89	2.01	1.99	2.08	1.84	1.93
Quick Ratio	1.03	1.01	1.00	1.00	1.06	1.09	1.09	1.04	1.08	0.97	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-385	-231	-135	-170	2.58	-57	-23	81	155	-71	-214
Operating Cash Flow to CapEx	-162.76%	325.23%	394.41%	174.55%	110.83%	1,833.38%	427.49%	312.03%	11.80%	663.17%	197.47%
Free Cash Flow to Firm to Interest Expense	-12.01	-6.88	-3.81	-5.27	0.08	-1.71	-0.66	2.43	4.70	-2.36	-9.14
Operating Cash Flow to Interest Expense	-1.65	2.55	2.49	2.53	1.48	4.86	3.08	3.10	0.17	6.92	2.47
Operating Cash Flow Less CapEx to Interest Expense	-2.67	1.76	1.86	1.08	0.15	4.59	2.36	2.11	-1.25	5.87	1.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.74	0.74	0.74	0.76	0.76	0.77	0.78	0.81	0.86	0.84
Accounts Receivable Turnover	6.75	6.28	6.17	6.10	6.43	5.92	5.82	5.86	6.26	6.14	6.03
Inventory Turnover	5.21	5.51	5.05	4.97	4.88	5.36	5.07	5.06	5.10	5.93	5.41
Fixed Asset Turnover	4.26	4.18	4.27	4.34	4.45	4.51	4.73	4.84	5.04	5.25	5.34
Accounts Payable Turnover	5.48	5.38	5.58	5.43	5.44	5.56	5.87	5.59	5.57	5.80	5.62
Days Sales Outstanding (DSO)	54.09	58.11	59.19	59.84	56.75	61.61	62.73	62.29	58.30	59.48	60.49
Days Inventory Outstanding (DIO)	70.05	66.21	72.31	73.47	74.82	68.11	72.06	72.11	71.63	61.60	67.48
Days Payable Outstanding (DPO)	66.58	67.79	65.45	67.21	67.06	65.67	62.20	65.27	65.47	62.96	64.90
Cash Conversion Cycle (CCC)	57.55	56.53	66.06	66.10	64.50	64.05	72.59	69.14	64.46	58.12	63.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,853	3,671	3,731	3,702	3,434	3,415	3,517	3,462	3,382	3,296	3,436
Invested Capital Turnover	0.97	1.01	0.98	0.99	1.03	1.05	1.03	1.04	1.08	1.16	1.12
Increase / (Decrease) in Invested Capital	419	256	214	240	52	119	81	-20	-114	144	272
Enterprise Value (EV)	5,178	6,043	6,561	6,239	5,912	5,768	5,680	5,342	5,561	5,874	5,356
Market Capitalization	3,102	4,200	4,670	4,328	4,245	4,108	3,889	3,562	3,813	4,188	3,498
Book Value per Share	$32.50	$33.48	$33.77	$32.88	$32.31	$32.49	$32.05	$31.26	$30.41	$30.20	$29.68
Tangible Book Value per Share	($12.47)	($8.67)	($10.21)	($11.01)	($7.71)	($8.52)	($9.48)	($8.93)	($8.47)	($9.09)	($9.51)
Total Capital	3,958	3,840	3,863	3,817	3,599	3,594	3,612	3,566	3,508	3,376	3,497
Total Debt	2,180	2,011	2,021	2,025	1,831	1,838	1,885	1,882	1,873	1,765	1,918
Total Long-Term Debt	2,179	2,010	2,020	2,024	1,829	1,837	1,872	1,852	1,845	1,736	1,885
Net Debt	2,074	1,841	1,890	1,910	1,666	1,659	1,790	1,779	1,748	1,685	1,857
Capital Expenditures (CapEx)	33	26	22	47	43	8.82	25	33	47	31	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	494	411	495	494	480	442	541	584	600	543	656
Debt-free Net Working Capital (DFNWC)	600	581	626	608	645	621	636	687	726	623	717
Net Working Capital (NWC)	599	580	625	607	644	619	623	657	698	594	684
Net Nonoperating Expense (NNE)	21	32	24	18	23	17	20	20	19	25	11
Net Nonoperating Obligations (NNO)	2,074	1,841	1,890	1,910	1,666	1,659	1,790	1,779	1,748	1,685	1,857
Total Depreciation and Amortization (D&A)	43	46	44	41	44	41	42	39	38	38	37
Debt-free, Cash-free Net Working Capital to Revenue	13.93%	11.52%	13.94%	13.98%	13.67%	12.58%	15.16%	16.20%	16.22%	14.47%	17.78%
Debt-free Net Working Capital to Revenue	16.91%	16.27%	17.65%	17.23%	18.37%	17.69%	17.82%	19.06%	19.61%	16.60%	19.43%
Net Working Capital to Revenue	16.90%	16.25%	17.62%	17.19%	18.33%	17.64%	17.47%	18.22%	18.85%	15.83%	18.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	($0.14)	$1.01	$0.93	$0.57	$0.84	$0.69	$0.74	$0.40	$0.90	$0.87
Adjusted Weighted Average Basic Shares Outstanding	55.00M	54.93M	54.98M	54.95M	54.70M	54.33M	54.39M	54.27M	54.17M	53.58M	53.64M
Adjusted Diluted Earnings per Share	$0.24	($0.14)	$0.98	$0.91	$0.55	$0.80	$0.67	$0.73	$0.39	$0.87	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	56.03M	56.63M	56.65M	56.64M	56.57M	55.96M	56.03M	55.72M	55.92M	55.27M	55.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.19M	54.68M	54.63M	54.52M	54.49M	54.21M	54.02M	53.87M	53.83M	53.71M	53.31M
Normalized Net Operating Profit after Tax (NOPAT)	34	25	80	70	54	62	58	60	41	73	58
Normalized NOPAT Margin	4.30%	2.70%	8.67%	7.61%	6.69%	6.86%	6.42%	6.73%	5.07%	7.62%	6.17%
Pre Tax Income Margin	2.37%	-0.06%	7.88%	7.97%	4.66%	9.55%	6.54%	6.52%	3.77%	6.48%	7.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.55	1.06	3.02	3.23	2.14	3.65	2.65	2.74	1.90	3.22	4.03
NOPAT to Interest Expense	1.06	0.74	2.26	2.16	1.70	1.86	1.65	1.82	1.24	2.43	2.47
EBIT Less CapEx to Interest Expense	0.54	0.28	2.39	1.78	0.80	3.38	1.92	1.74	0.48	2.17	2.78
NOPAT Less CapEx to Interest Expense	0.04	-0.04	1.62	0.71	0.36	1.60	0.93	0.83	-0.18	1.39	1.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.18%	36.50%	25.47%	27.54%	28.77%	29.93%	28.63%	26.40%	24.72%	21.73%	20.70%
Augmented Payout Ratio	112.18%	66.84%	47.03%	40.77%	32.87%	31.70%	30.40%	28.24%	26.44%	23.92%	22.83%

Frequently Asked Questions About H.B. Fuller's Financials

When does H.B. Fuller's financial year end?

According to the most recent income statement we have on file, H.B. Fuller's fiscal year ends in November. Their fiscal year 2024 ended on November 30, 2024.

How has H.B. Fuller's net income changed over the last 9 years?

H.B. Fuller's net income appears to be on an upward trend, with a most recent value of $130.40 million in 2024, rising from $87.10 million in 2015. The previous period was $144.99 million in 2023. Check out H.B. Fuller's forecast to explore projected trends and price targets.

What is H.B. Fuller's operating income?

H.B. Fuller's total operating income in 2024 was $311.11 million, based on the following breakdown:

Total Gross Profit: $1.06 billion
Total Operating Expenses: $750.77 million

How has H.B. Fuller revenue changed over the last 9 years?

Over the last 9 years, H.B. Fuller's total revenue changed from $2.08 billion in 2015 to $3.57 billion in 2024, a change of 71.3%.

How much debt does H.B. Fuller have?

H.B. Fuller's total liabilities were at $3.10 billion at the end of 2024, a 4.6% increase from 2023, and a 166.4% increase since 2015.

How much cash does H.B. Fuller have?

In the past 9 years, H.B. Fuller's cash and equivalents has ranged from $61.79 million in 2021 to $194.40 million in 2017, and is currently $169.35 million as of their latest financial filing in 2024.

How has H.B. Fuller's book value per share changed over the last 9 years?

Over the last 9 years, H.B. Fuller's book value per share changed from 17.26 in 2015 to 33.48 in 2024, a change of 93.9%.

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This page (NYSE:FUL) was last updated on 5/21/2025 by MarketBeat.com Staff

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H.B. Fuller (FUL) Financials

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H.B. Fuller (FUL) Financials

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