{ "ok": true, "cik": "39368", "ticker": "FUL", "name": "FULLER H B CO", "filings": [ { "form": "8-K", "filed": "2026-09-28", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926031283/0001437749-26-031283-index.htm" }, { "form": "10-Q", "filed": "2026-09-24", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926031145/0001437749-26-031145-index.htm" }, { "form": "8-K", "filed": "2026-09-24", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926031113/0001437749-26-031113-index.htm" }, { "form": "8-K", "filed": "2026-07-20", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926023846/0001437749-26-023846-index.htm" }, { "form": "8-K", "filed": "2026-06-26", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926021844/0001437749-26-021844-index.htm" }, { "form": "10-Q", "filed": "2026-06-25", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926021677/0001437749-26-021677-index.htm" } ], "events12m": 9, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926031283/0001437749-26-031283-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000039368.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=39368" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up FULLER H B CO ($FUL). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-28. 9 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-11-29", "revenue": 3473589000, "revenueGrowth1y": -0.02666126045748407, "revenueGrowthPerYear": 0.014571697370850956, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.04377979087335894, "operatingCashFlow": 263493000, "capitalSpending": 142275000, "freeCashFlow": 121218000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 107213000, "longTermDebt": 2016937000, "longTermDebtChange": 0.0034252845200024584, "revenueHistory": [ { "fiscalYearEnd": "2021-11-27", "revenue": 3278031000 }, { "fiscalYearEnd": "2022-12-03", "revenue": 3749183000 }, { "fiscalYearEnd": "2023-12-02", "revenue": 3510934000 }, { "fiscalYearEnd": "2024-11-30", "revenue": 3568736000 }, { "fiscalYearEnd": "2025-11-29", "revenue": 3473589000 } ], "totalEquity": 2003218000, "totalAssets": 5182706000, "equityRatio": 0.3865197061149137, "returnOnEquity": 0.07591435380472819, "dividendsPaid": 50271000, "payoutRatio": 0.3305715018445089, "dividendPerShare": 0.928, "dividendYearsRising": 17, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.78, "sharesOutstanding": 55355000, "bookValuePerShare": 36.18856471863427, "revenuePerShare": 62.75113359226809, "range80": { "low": 2917707029.357908, "high": 3746068547.0084524, "baseline": 3383640399.0687847, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.08660893056442427, "classVolatility": 0.07701947805587882, "volatility": 0.08195458148728862 }, "ifPaceHeld": { "low": 2917707029.357908, "high": 3746068547.0084524 } }, "edgarette": "🔖 Exposure: revenue $3.5B (FY2025), total debt $2.0B. Experience: revenue down 2.7% on the year, up 1.5% a year over 4 years. Soundness: equity 38.7% of assets, return on equity 7.6%, payout 33.1% of profit, dividend per share up 17 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.9B and $3.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.7B to $4.1B. A statistical range, not company guidance. Against peers (224 filers, $50M+ revenue, its industry group): growth -2.7% against 6.7%.", "peers": { "sic": 2891, "sicDescription": "Adhesives & Sealants", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "28", "growth": [ 0.0666, 225 ], "opMargin": [ -0.0016, 224 ], "equityRatio": [ 0.4376, 229 ], "returnOnEquity": [ -0.0029, 191 ], "payoutRatio": [ 0.4706, 43 ] }, "summary": "Fuller H B (FUL) saw revenue fall 2.7% in FY2025 to $3.5 billion, equity 38.7% of assets, and dividend per share up 17 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FULLER H B CO against its own record and its peers
Revenue, on the yearPeer median 6.7%-2.7%Equity of assetsPeer median 43.8%38.7%Return on equityPeer median -0.3%7.6%Payout of profitPeer median 47.1%33.1%Gold tick: the median of 43–229 peers with $50M+ revenue in adhesives & sealants
", "chartHorizon": "
Handed back now, or kept to compound · of each dollar of profit
33.1% paid out66.9% keptHanded back per share$0.928up 17 years runningGrowth its own profit can fund5.1%managed -2.7% last year

Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 6, "rate": 1, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:14:09.709Z", "hash": "a6096ad220f0a185", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Fuller H B (FUL) saw revenue fall 2.7% in FY2025 to $3.5 billion, equity 38.7% of assets, and dividend per share up 17 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-11-29", "revenue": 3473589000, "totalDebt": 2016937000, "cash": 107213000 }, "experience": { "revenueGrowth1y": -0.02666126045748407, "revenueGrowthPerYear": 0.014571697370850956, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": 0.04377979087335894, "freeCashFlow": 121218000 }, "soundness": { "equityRatio": 0.3865197061149137, "returnOnEquity": 0.07591435380472819, "payoutRatio": 0.3305715018445089, "dividendPerShare": 0.928, "dividendYearsRising": 17, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2891, "sicDescription": "Adhesives & Sealants", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "28", "growth": [ 0.0666, 225 ], "opMargin": [ -0.0016, 224 ], "equityRatio": [ 0.4376, 229 ], "returnOnEquity": [ -0.0029, 191 ], "payoutRatio": [ 0.4706, 43 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-09-28", "url": "https://www.sec.gov/Archives/edgar/data/39368/000143774926031283/0001437749-26-031283-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 2917707029.357908, "high": 3746068547.0084524, "baseline": 3383640399.0687847, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.08660893056442427, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.08195458148728862, "k": 3 }, "stress": { "low": 2663202267.355672, "high": 4104417455.0790734, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 6, "rate": 1, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:14:09.709Z", "hash": "a6096ad220f0a185", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000039368.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=39368" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0759, "growth3y": -0.0251, "volatility": 0.0866, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3865, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 7.6% of revenue into operating cash; revenue shrinking 2.5% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 27th percentile for cash, 19th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$1B-10B", "cashPctInClass": 27, "growthPctInClass": 19, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-11-29", "operating": 263493000, "investing": -232249000, "financing": -107904000, "capitalSpending": 142275000, "free": 121218000, "trend": [ { "fiscalYearEnd": "2021-11-27", "operating": 213317000, "free": 117228000 }, { "fiscalYearEnd": "2022-12-03", "operating": 256514000, "free": 126550000 }, { "fiscalYearEnd": "2023-12-02", "operating": 378398000, "free": 259261000 }, { "fiscalYearEnd": "2024-11-30", "operating": 302437000, "free": 163199000 }, { "fiscalYearEnd": "2025-11-29", "operating": 263493000, "free": 121218000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-11-29", "cash": 107213000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 5182706000, "ladder": null, "currentRatio": 1.7, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0759, "growth3y": -0.0251, "volatility": 0.0866, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3865, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 7.6% of revenue into operating cash; revenue shrinking 2.5% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 27th percentile for cash, 19th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$1B-10B", "cashPctInClass": 27, "growthPctInClass": 19, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-11-29", "operating": 263493000, "investing": -232249000, "financing": -107904000, "capitalSpending": 142275000, "free": 121218000, "trend": [ { "fiscalYearEnd": "2021-11-27", "operating": 213317000, "free": 117228000 }, { "fiscalYearEnd": "2022-12-03", "operating": 256514000, "free": 126550000 }, { "fiscalYearEnd": "2023-12-02", "operating": 378398000, "free": 259261000 }, { "fiscalYearEnd": "2024-11-30", "operating": 302437000, "free": 163199000 }, { "fiscalYearEnd": "2025-11-29", "operating": 263493000, "free": 121218000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-11-29", "cash": 107213000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 5182706000, "ladder": null, "currentRatio": 1.7, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }