📊 FUL Key Takeaways
Is FUL a Good Investment? Thesis Analysis
Fuller demonstrates stable operational profitability with reasonable gross margins (31.1%) and positive free cash flow generation ($121.2M), but faces headwinds from declining revenue (-2.7% YoY) and weak returns on capital (ROA 2.9%, ROE 7.6%). High leverage (1.01x Debt/Equity) with modest interest coverage (1.9x) limits financial flexibility during downturns.
Why Buy FUL? Key Strengths
- Consistent free cash flow generation ($121.2M) supports dividend and debt reduction capacity
- Reasonable gross margins (31.1%) indicate pricing power and cost management in adhesives sector
- Solid liquidity position with 1.70x current ratio provides operational flexibility
- EPS growth (+19.6% YoY) driven by share buybacks despite flat net income suggests capital allocation discipline
FUL Investment Risks to Consider
- Revenue decline (-2.7% YoY) indicates weak top-line organic growth and potential market share loss
- Elevated leverage (2.0B long-term debt against 2.0B equity) constrains financial flexibility with tight interest coverage (1.9x)
- Low returns on capital (ROA 2.9%, ROE 7.6%) suggest suboptimal asset utilization and capital efficiency
- High insider Form 4 activity (62 filings) warrants monitoring for potential director/officer concerns
Key Metrics to Watch
- Revenue growth trajectory - critical to assess whether -2.7% decline stabilizes or accelerates
- Operating margin sustainability - monitor if 7.4% margin can be maintained amid pricing pressures
- Debt reduction progress - track whether free cash flow is prioritized for deleveraging to improve interest coverage above 2.0x
- Return on invested capital - assess whether reinvestment and acquisitions improve capital efficiency
FUL Financial Metrics
💡 AI Analyst Insight
The relatively thin 3.5% FCF margin may limit capital allocation flexibility.
FUL Profitability Ratios
FUL vs Default Sector
How FULLER H B CO compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FUL Overvalued or Undervalued?
Based on fundamental analysis, FULLER H B CO shows some fundamental concerns relative to the Default 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.
FUL Balance Sheet & Liquidity
FUL 5-Year Financial Trend & Growth Analysis
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 Growth Metrics (YoY)
FUL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| 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 |
| Q3 2023 | $900.6M | $37.6M | $0.67 |
| Q2 2023 | $898.2M | $40.4M | $0.73 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
FUL Capital Allocation
FUL SEC 10-K & 10-Q Filing 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 an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are FUL's key strengths?
Claude: Consistent free cash flow generation ($121.2M) supports dividend and debt reduction capacity. Reasonable gross margins (31.1%) indicate pricing power and cost management in adhesives sector.
What are the risks of investing in FUL?
Claude: Revenue decline (-2.7% YoY) indicates weak top-line organic growth and potential market share loss. Elevated leverage (2.0B long-term debt against 2.0B equity) constrains financial flexibility with tight interest coverage (1.9x).
What is FUL's revenue and growth?
FULLER H B CO reported revenue of $3.5B.
Does FUL pay dividends?
FULLER H B CO pays dividends, with $50.3M 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 $2.75.
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 rating reflects both perspectives for balanced insights.
Is FUL a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, FULLER H B CO has a HOLD rating with 62% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FUL stock overvalued or undervalued?
Valuation metrics for FUL: ROE of 7.6% (sector avg: 15%), net margin of 4.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy FUL stock in 2026?
Our dual AI analysis gives FULLER H B CO a combined HOLD rating 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 $263.5M, with capital expenditures of $142.3M. FCF margin is 3.5%.
How does FUL compare to other Default stocks?
Vs Default sector averages: Net margin 4.4% (avg: 12%), ROE 7.6% (avg: 15%), current ratio 1.70 (avg: 1.8).