H.B. Fuller (FUL) Financials

$53.98 -0.13 (-0.24%)

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

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

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

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

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

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

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

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

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

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

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.

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 4/30/2025 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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