Zacks Investment Research·1 day ago
FUL vs. PPG: Which Stock Is the Better Value Option?Investors interested in stocks from the Chemical - Specialty sector have probably already heard of H. B. Fuller (FUL) and PPG Industries (PPG).
H.B. Fuller Company(FUL)Earnings, Financials & Key Ratios
FUL•NYSE
$57.57
20.9× P/E·Price updated Jul 7, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustryCoatings, adhesives and construction chemicals
AboutH.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products worldwide. The company operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives. The Hygiene, Health and Consumable Adhesives segment produces and supplies specialty industrial adhesives such as, thermoplastic, thermoset, reactive, and water-based and solvent-based products for applications in various markets, including food and beverage containers, flexible packaging, consumer goods, package integrity and re-enforcement, and non-durable goods; corrugation, folding carton, tape and label, paper converting, envelopes, books, multi-wall bags, sacks, and tissue and towel; disposable diapers, feminine care, and medical garments; and health and beauty. The Engineering Adhesives segment produces and supplies high performance industrial adhesives such as reactive, light cure, two-part liquids, silicone, polyurethane, film, and fast cure products to the appliances and filters, windows, doors and wood flooring, and textile, transportation, electronics, medical, clean energy, aerospace and defense, appliance, heavy machinery, and insulating glass markets. The Construction Adhesives segment provides products used for tile setting, commercial roofing, heating, ventilation, and air conditioning and insulation applications, as well as caulks and sealants for the consumer market and professional trade. The company sells its products directly through distributors and retailers. H.B. Fuller Company was founded in 1887 and is headquartered in Saint Paul, Minnesota.Show more
- Revenue$3.47B-2.7%
- EBITDA$577M+6.2%
- Net Income$152M+16.7%
- EPS (Diluted)2.75+19.6%
- Gross Margin31.69%+5.3%
- EBITDA Margin16.62%+9.1%
- Operating Margin11.49%+11.1%
- Net Margin4.37%+19.9%
- ROE7.93%+9.1%
FUL Price & Volume
H.B. Fuller Company (FUL) stock price & volume — 10-year historical chart
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Revenue Recovery Faces Persistent Balance Sheet Constraints
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Raw material cost volatility
Key Thesis Takeaways
- H.B.
- Fuller is showing signs of a fundamental turnaround as 2026Q2 revenue growth reached 5.8%, signaling a potential break from the persistent contraction observed throughout 2025.
- While value-based pricing has successfully expanded gross margins to 33.9%, the company remains burdened by a $2.1 billion debt load and significant goodwill exposure.
- Investors should monitor whether the recent improvement in operating income to $122.8 million can be sustained to facilitate meaningful deleveraging in a volatile raw material environment.
Verdict Logic
while the forward P/E of 13.06 suggests potential value, the high debt-to-equity ratio of 1.00 and inconsistent free cash flow margins, which fluctuated between -10.9% and 8.8% recently, warrant a cautious wait-and-see approach.
FUL Growth Metrics
H.B. Fuller Company (FUL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.24%
5 Years4.48%
3 Years-2.51%
TTM-0.57%
Profit CAGR
10 Years5.78%
5 Years4.2%
3 Years-5.54%
TTM80.2%
EPS CAGR
10 Years4.99%
5 Years3.11%
3 Years-5.51%
TTM848.89%
Return on Capital
10 Years7.74%
5 Years8.8%
3 Years9.31%
Last Year9.22%
FUL Recent Earnings
H.B. Fuller Company (FUL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 3/12 qtrs (25%)
Q3 2026Latest
Jun 24, 2026Metric
Actual
Est
EPS
$1.41+2.9%
$1.37
Rev
$950M+2.8%
$925M
Q2 2026
Mar 25, 2026Metric
Actual
Est
EPS
$0.57+2.7%
$0.56
Rev
$771M-1.8%
$785M
Q1 2026
Jan 14, 2026Metric
Actual
Est
EPS
$1.28+3.2%
$1.24
Rev
$895M-0.9%
$903M
Q4 2025
Sep 24, 2025Metric
Actual
Est
EPS
$1.26+1.6%
$1.24
Rev
$892M-0.4%
$896M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 24, 2026 | $1.41vs $1.37+2.9% | $950Mvs $925M+2.8% |
| Q2 2026 | Mar 25, 2026 | $0.57vs $0.56+2.7% | $771Mvs $785M-1.8% |
| Q1 2026 | Jan 14, 2026 | $1.28vs $1.24+3.2% | $895Mvs $903M-0.9% |
| Q4 2025 | Sep 24, 2025 | $1.26vs $1.24+1.6% | $892Mvs $896M-0.4% |
Based on last 12 quarters of dataView full earnings history →
Latest FUL News
Recent stock market news and headlines for H.B. Fuller Company (FUL)
Zacks Investment Research·Jun 30, 2026
H.B. Fuller Q2 Earnings Call Flags Pricing, AMS AmbitionsFUL flags stronger pricing, higher profit guidance and a proposed AMS deal aimed at expanding its medical adhesives platform and boosting margins.
Seeking Alpha·Jun 26, 2026
H.B. Fuller: Overreaction, Or Proof Of SlowdownH.B. Fuller is rated a "buy" with a conservative $80/share price target, reflecting improved fundamentals and recent M&A. FUL's recent results validate earnings recovery: near-6% revenue growth, ~20% AEPS improvement, double-digit EBITDA gains, and record operating cash flow. The AMS acquisition is expected to drive margin expansion, higher-quality revenue, and meaningful revenue and cost synergies, supporting long-term profitability.
Seeking Alpha·Jun 25, 2026
H.B. Fuller Company (FUL) Q2 2026 Earnings Call TranscriptH.B. Fuller Company (FUL) Q2 2026 Earnings Call Transcript
Business Wire·Jun 25, 2026
Ancora Condemns H.B. Fuller's Decision to Ignore Shareholder Opposition and Proceed with the Reckless Acquisition of Advanced Medical SolutionsCLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”) today released the below statement regarding H.B. Fuller Company (NYSE: FUL) (“H.B. Fuller” or the “Company”) and Advanced Medical Solutions Group plc (“AMS”). Previously, Ancora issued a letter to H.B. Fuller's Board of Directors (the “Board”) regarding its contemplated acquisition of AMS. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President.
Peers Comparison
Key metrics vs top competitors for H.B. Fuller Company (FUL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $57.57 | $3.1B | 20.93 | -2.67% | 4.37% | 7.93% | 1.58% | |
| $81.83 | $20.9B | -56.05 | -5.17% | 7.78% | 5.88% | — | |
| $108.28 | $13.87B | 20.24 | 0.51% | 8.63% | 21.79% | — | |
| $164.35 | $12.64B | 18.72 | 1.14% | 7.66% | 30.81% | — | |
| $168.11 | $5.38B | 35.39 | 8.75% | 14.95% | 12.38% | — | |
| $342.26 | $84.41B | 33.33 | 2.06% | 10.86% | 58.23% | — |
Compare FUL vs Peers
H.B. Fuller Company (FUL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FUL SEC Filings & Documents
H.B. Fuller Company (FUL) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 26, 2026·SEC
Material company update
Jun 25, 2026·SEC
Material company update
Apr 17, 2026·SEC
10-K Annual Reports
1FY 2026
Jan 22, 2026·SEC
10-Q Quarterly Reports
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FUL Frequently Asked Questions
H.B. Fuller Company (FUL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is H.B. Fuller Company's revenue?
H.B. Fuller Company (FUL) reported $3.51B in revenue for fiscal year 2025. This represents a 175% increase from $1.28B in 1996.
How fast is H.B. Fuller Company growing?
H.B. Fuller Company (FUL) saw revenue decline by 2.7% over the past year.
Is FUL profitable?
Yes, H.B. Fuller Company (FUL) is profitable, generating $185.7M in net income for fiscal year 2025 (4.4% net margin).
Dividend & Returns
Does FUL pay dividends?
Yes, H.B. Fuller Company (FUL) pays a dividend with a yield of 1.58%. This makes it attractive for income-focused investors.
What is FUL's return on equity?
H.B. Fuller Company (FUL) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.
What is H.B. Fuller Company's free cash flow?
H.B. Fuller Company (FUL) generated $140.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.