📊 FUL Key Takeaways
Is Fuller H B Co (FUL) a Good Investment?
Fuller operates a fundamentally profitable adhesive and sealants business with solid 14.9% operating margins, but faces structural headwinds: declining revenue (-2.7% YoY), severely constrained returns on capital (4.3% ROE, 1.7% ROA), and high financial leverage (1.0x D/E) that limits strategic flexibility. With only $12.8M in free cash flow on $1.7B revenue (0.7% FCF margin) and 3.9x interest coverage, the company is servicing debt rather than investing for growth.
Fuller maintains solid gross and operating margins and adequate liquidity, but declining revenue, weak returns on assets and equity, and nearly flat net income indicate limited fundamental momentum. High debt and minimal free cash flow after capital spending constrain financial flexibility, so improvement depends on stronger organic growth, cash conversion, and deleveraging.
Fuller H B Co Key Strengths (FUL)
- Profitable with $88.8M net income and 5.2% net margins in mature, essential adhesives market
- Decent gross margin of 32.3% and operating margin of 14.9% demonstrate pricing power in core products
- Positive operating cash flow of $117.2M and current ratio of 1.80x provide near-term liquidity cushion
- Healthy 32.3% gross margin and 14.9% operating margin
- Adequate short-term liquidity with a 1.80x current ratio and 1.12x quick ratio
- Diluted EPS increased 19.6% despite broadly flat net income
FUL Stock Risks: Fuller H B Co Investment Risks
- Revenue declining 2.7% YoY with net income flat, suggesting market share erosion or pricing pressure in competitive sector
- Critically low return on equity (4.3%) and ROA (1.7%) indicate severe capital inefficiency; cash generation insufficient to justify debt burden
- High leverage with $2.1B long-term debt equal to equity and only 3.9x interest coverage leaves minimal resilience to revenue shocks or rate increases; minimal free cash flow for deleveraging
- Revenue declined 2.7%, signaling weak top-line momentum
- Long-term debt of $2.07B and 3.9x interest coverage create meaningful leverage risk
- Free cash flow was only $12.79M, representing a weak 0.7% margin
Key Metrics to Watch
- Revenue trend and organic growth rate to confirm whether decline is market cyclicality or structural
- Free cash flow generation and debt reduction trajectory; any FCF below $50M annually signals capital adequacy concerns
- Return on equity trajectory; need to see ROE move above 7-8% to indicate improving capital deployment efficiency
- Free cash flow margin and operating cash conversion
- Revenue growth and net debt reduction
Fuller H B Co (FUL) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.7% FCF margin may limit capital allocation flexibility.
FUL Profit Margin, ROE & Profitability Analysis
FUL vs Market Sector: How Fuller H B Co Compares
How Fuller H B Co compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Fuller H B Co Stock Overvalued? FUL Valuation Analysis 2026
Based on fundamental analysis, Fuller H B Co shows some fundamental concerns relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Fuller H B Co Balance Sheet: FUL Debt, Cash & Liquidity
FUL Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Fuller H B Co's revenue has shown modest growth of 9% over the 5-year period. The most recent EPS of $2.59 reflects profitable operations.
FUL Revenue Growth, EPS Growth & YoY Performance
FUL Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $898.1M | $41.8M | $0.76 |
| Q1 2026 | $770.8M | $13.2M | $0.24 |
| Q3 2025 | $892.0M | $55.4M | $0.98 |
| Q2 2025 | $898.1M | $41.8M | $0.76 |
| Q1 2025 | $788.7M | $13.2M | $0.24 |
| Q3 2024 | $900.6M | $37.6M | $0.67 |
| Q2 2024 | $898.2M | $40.4M | $0.73 |
| Q1 2024 | $809.2M | $21.9M | $0.39 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Fuller H B Co Dividends, Buybacks & Capital Allocation
FUL SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Fuller H B Co (CIK: 0000039368)
📋 Recent SEC Filings
❓ Frequently Asked Questions about FUL
What is the AI rating for FUL?
Fuller H B Co (FUL) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are FUL's key strengths?
Claude: Profitable with $88.8M net income and 5.2% net margins in mature, essential adhesives market. Decent gross margin of 32.3% and operating margin of 14.9% demonstrate pricing power in core products. ChatGPT: Healthy 32.3% gross margin and 14.9% operating margin. Adequate short-term liquidity with a 1.80x current ratio and 1.12x quick ratio.
What are the risks of investing in FUL?
Claude: Revenue declining 2.7% YoY with net income flat, suggesting market share erosion or pricing pressure in competitive sector. Critically low return on equity (4.3%) and ROA (1.7%) indicate severe capital inefficiency; cash generation insufficient to justify debt burden. ChatGPT: Revenue declined 2.7%, signaling weak top-line momentum. Long-term debt of $2.07B and 3.9x interest coverage create meaningful leverage risk.
What is FUL's revenue and growth?
Fuller H B Co reported revenue of $1.7B.
Does FUL pay dividends?
Fuller H B Co pays dividends, with $26.0M distributed to shareholders in the trailing twelve months.
Where can I find FUL SEC filings?
Official SEC filings for Fuller H B Co (CIK: 0000039368) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FUL's EPS?
Fuller H B Co has a diluted EPS of $1.61.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is FUL's fundamental grade?
Based on our AI fundamental analysis in August 2026, Fuller H B Co has a B grade with 80% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is FUL stock overvalued or undervalued?
Valuation metrics for FUL: ROE of 4.3% (sector avg: 15%), net margin of 5.2% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is FUL's AI grade for 2026?
Our dual AI analysis gives Fuller H B Co a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is FUL's free cash flow?
Fuller H B Co's operating cash flow is $117.2M, with capital expenditures of $104.4M. FCF margin is 0.7%.
How does FUL compare to other Market stocks?
Vs Default sector averages: Net margin 5.2% (avg: 12%), ROE 4.3% (avg: 15%), current ratio 1.80 (avg: 1.8).