H.B. Fuller Company (FUL) financial statements: income statement, balance sheet and cash flow
H.B. Fuller Company's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Nov 29, 2025 · FY), H.B. Fuller Company reported revenue of $3.5B (-2.7% year on year) and net income of $152.0M (+16.7% year on year).
Income statement
H.B. Fuller Company income statement, fiscal years
Line item
Nov 29, 2025 · FY
Nov 30, 2024 · FY
Dec 2, 2023 · FY
Dec 3, 2022 · FY
Net revenue
$3.5B
$3.6B
$3.5B
$3.7B
Cost of sales
($2.4B)
($2.5B)
($2.5B)
($2.8B)
Gross profit
$1.1B
$1.1B
$1.0B
$963.7M
Selling, general and administrative expenses
($725.6M)
($713.7M)
($653.8M)
($641.0M)
Other Operating Income (Expense), Net
($11.1M)
($37.1M)
$9.7M
$13.0M
Interest expense
($133.3M)
($133.1M)
($134.6M)
($91.5M)
Interest income
$4.8M
$4.7M
$3.9M
$7.8M
Income from continuing operations before income taxes and income from equity method investments
$215.4M
$182.7M
$234.2M
$251.9M
Income tax expense
($67.1M)
($56.4M)
($93.5M)
($77.2M)
Income from equity method investments
$3.8M
$4.1M
$4.4M
$5.7M
Net income including non-controlling interest
$152.1M
$130.4M
$145.0M
$180.4M
Net expense attributable to non-controlling interest
($106.0K)
($139.0K)
($82.0K)
($94.0K)
Net income attributable to H.B. Fuller
$152.0M
$130.3M
$144.9M
$180.3M
Basic (in dollars per share)
$2.78
$2.37
$2.67
$3.37
Diluted (in dollars per share)
$2.75
$2.30
$2.59
$3.26
Basic (in shares)
54.6M
54.9M
54.3M
53.6M
Diluted (in shares)
55.4M
56.6M
56.0M
55.3M
H.B. Fuller Company income statement, quarters
Line item
Aug 29, 2026 · Q3
May 30, 2026 · Q2
Feb 28, 2026 · Q1
Aug 30, 2025 · Q3
Net revenue
$938.2M
$950.3M
$770.8M
$892.0M
Cost of sales
($626.5M)
($630.6M)
($534.8M)
($606.9M)
Gross profit
$311.7M
$319.7M
$236.0M
$285.1M
Selling, general and administrative expenses
($198.5M)
($202.4M)
($184.4M)
($175.0M)
Other income, net
$26.4M
$5.6M
$6.7M
$5.3M
Interest expense
($40.9M)
($32.8M)
($32.9M)
($33.6M)
Interest income
$2.5M
$2.0M
$2.1M
$1.1M
Income before income taxes and income from equity method investments
$101.2M
$92.1M
$27.5M
$82.9M
Income taxes
($24.7M)
($25.6M)
($7.4M)
($16.5M)
Income from equity method investments
$2.6M
$1.3M
$918.0K
$832.0K
Net income including non-controlling interest
$79.2M
$67.8M
$21.0M
$67.2M
Net income attributable to non-controlling interest
$0
$0
$0
($73.0K)
Net income attributable to H.B. Fuller
$79.2M
$67.8M
$21.0M
$67.2M
Basic (in dollars per share)
$1.46
$1.25
$0.38
$1.23
Diluted (in dollars per share)
$1.44
$1.23
$0.38
$1.22
Basic (in shares)
54.2M
54.4M
54.7M
54.4M
Diluted (in shares)
54.9M
55.1M
55.5M
55.2M
Balance sheet
H.B. Fuller Company balance sheet, fiscal years
Line item
Nov 29, 2025 · FY
Nov 30, 2024 · FY
Dec 2, 2023 · FY
Dec 3, 2022 · FY
Cash and cash equivalents
$107.2M
$169.4M
$179.5M
—
Trade receivables, net
$564.3M
$558.3M
$577.9M
—
Inventories
$472.0M
$467.5M
$442.0M
$491.8M
Other current assets
$119.8M
$104.0M
$112.7M
$120.3M
Total current assets
$1.3B
$1.3B
$1.3B
—
Property, Plant and Equipment, Net
$935.3M
$881.9M
$824.7M
$1.6B
Goodwill
$1.7B
$1.5B
$1.5B
$1.4B
Other intangibles, net
$805.9M
$770.2M
$729.1M
—
Other assets
$498.3M
$449.7M
$371.2M
$335.9M
Total assets
$5.2B
$4.9B
$4.7B
$4.5B
Notes payable
$0
$587.0K
$1.8M
—
Accounts Payable, Current
$470.1M
$491.4M
$439.7M
—
Accrued compensation
$114.3M
$106.0M
$95.7M
—
Income taxes payable
$25.0M
$24.2M
$47.7M
—
Accrued Liabilities, Current
$133.9M
$97.0M
$107.9M
$89.3M
Total current liabilities
$743.4M
$719.3M
$692.8M
—
Long-term debt, net of current maturities
$2.0B
$2.0B
$1.8B
$1.7B
Accrued pension liabilities
$51.3M
$51.8M
$50.2M
$2.0M
Other Liabilities, Noncurrent
$367.9M
$322.3M
$388.1M
—
Total liabilities
$3.2B
$3.1B
$3.0B
—
Preferred stock (no shares outstanding) Shares authorized – 10,045,900
0
0
0
—
Common stock, par value $1.00 per share, Shares authorized – 160,000,000, Shares outstanding – 54,174,963 and 54,657,103 for 2025 and 2024, respectively
$54175000.00
$54657000.00
$54093000.00
—
Additional paid-in capital
$298.0M
$322.6M
$301.5M
—
Retained earnings
$2.0B
$1.9B
$1.8B
—
Accumulated other comprehensive loss
($375.0M)
($473.4M)
($442.9M)
—
Total H.B. Fuller stockholders' equity
$2.0B
$1.8B
$1.8B
—
Non-controlling interest
($24.0K)
$1.2M
$708.0K
—
Total equity
$2.0B
$1.8B
$1.8B
$1.6B
Total liabilities, non-controlling interest and total equity
$5.2B
$4.9B
$4.7B
—
H.B. Fuller Company balance sheet, quarters
Line item
Aug 29, 2026
May 30, 2026
Feb 28, 2026
Aug 30, 2025
Cash and cash equivalents
$97.2M
$114.1M
$107.9M
$122.5M
Accounts receivable (net of allowances of $13,265 and $11,922, as of August 29, 2026 and November 29, 2025, respectively)
$648.0M
$622.7M
$532.2M
$563.6M
Inventory
$582.6M
$526.7M
$506.8M
$503.0M
Other current assets
$158.0M
$135.8M
$128.5M
$111.8M
Total current assets
$1.5B
$1.4B
$1.3B
$1.3B
Property, plant and equipment
$2.1B
$2.0B
$2.0B
$1.9B
Accumulated depreciation
($1.1B)
($1.1B)
($1.1B)
($1.0B)
Property, plant and equipment, net
$978.9M
$967.8M
$956.6M
$889.6M
Goodwill
$1.7B
$1.7B
$1.7B
$1.7B
Other intangibles, net
$748.7M
$766.6M
$791.1M
$829.4M
Other assets
$515.4M
$501.5M
$499.8M
$464.5M
Total assets
$5.4B
$5.3B
$5.2B
$5.2B
Accounts payable
$537.1M
$526.3M
$453.0M
$459.4M
Accrued compensation
$100.1M
$95.7M
$69.3M
$90.3M
Income taxes payable
$33.1M
$19.9M
$20.3M
$18.8M
Other accrued expenses
$147.8M
$137.1M
$123.3M
$105.8M
Total current liabilities
$818.1M
$779.1M
$665.9M
$674.2M
Long-term debt
$2.1B
$2.1B
$2.1B
$2.1B
Accrued pension liabilities
$51.5M
$51.3M
$52.1M
$56.2M
Other Liabilities, Noncurrent
$334.9M
$343.8M
$360.9M
$396.2M
Total liabilities
$3.3B
$3.2B
$3.2B
$3.2B
Preferred stock (no shares outstanding) shares authorized – 10,045,900
0
0
0
0
Common stock, par value $1.00 per share, shares authorized – 160,000,000, shares issued and outstanding – 53,818,019 and 54,174,963 as of August 29, 2026 and November 29, 2025, respectively
$53818000.00
$53786000.00
$54476000.00
$54043000.00
Additional paid-in capital
$285.5M
$275.5M
$309.1M
$288.2M
Retained earnings
$2.2B
$2.1B
$2.0B
$2.0B
Accumulated other comprehensive loss
($326.0M)
($335.6M)
($332.5M)
($393.7M)
Total H.B. Fuller stockholders' equity
$2.2B
$2.1B
$2.1B
$2.0B
Non-controlling interest
$0
$0
$0
$1.3M
Total equity
$2.2B
$2.1B
$2.1B
$2.0B
Total liabilities, non-controlling interest and total equity
$5.4B
$5.3B
$5.2B
$5.2B
Cash flow statement
H.B. Fuller Company cash flow statement, fiscal years
Line item
Nov 29, 2025 · FY
Nov 30, 2024 · FY
Dec 2, 2023 · FY
Dec 3, 2022 · FY
Net income including non-controlling interest
$152.1M
$130.4M
$145.0M
$180.4M
Depreciation
$91.8M
$91.1M
$80.3M
$72.6M
Amortization
$86.5M
$83.7M
$79.5M
$74.4M
Deferred income taxes
($50.1M)
($36.2M)
($25.1M)
($15.2M)
(Income) loss from equity method investments, net of dividends received
($13.0K)
($537.0K)
$1.3M
($9.0K)
(Gain) loss on disposal of assets
($3.7M)
($501.0K)
—
—
Share-based compensation
$22.1M
$21.9M
$19.9M
$24.4M
Loss on the sale of a business
$2.3M
—
—
—
Loss on impairment of intangible asset
$924.0K
—
—
—
Pension and other postretirement benefit plan contributions
($3.3M)
($2.9M)
($4.3M)
($3.0M)
Pension and other postretirement benefit plan benefit
($21.2M)
($14.4M)
($18.6M)
($24.0M)
Loss on impairment of assets held for sale
$0
$47.3M
—
—
Loss on impairment of equity investment
$0
$2.0M
—
—
Gain from insurance proceeds
$0
($4.9M)
—
—
Debt issuance cost write-off
$0
$0
$2.7M
—
(Gain) loss on fair value adjustment on contingent consideration liabilities
$0
($500.0K)
$2.9M
$0
Trade receivables, net
($3.4M)
$10.7M
$68.7M
($24.8M)
Inventories
($10.3M)
($30.1M)
$72.6M
($55.8M)
Other assets
($28.7M)
($17.5M)
($7.9M)
$46.5M
Trade payables
($38.2M)
$47.9M
($57.8M)
($22.6M)
Accrued compensation
$4.9M
$12.7M
($13.8M)
$1.1M
Other accrued expenses
$35.5M
$6.0M
($3.1M)
$6.3M
Income taxes payable
($6.1M)
($23.1M)
$41.2M
($12.9M)
Other liabilities
$34.9M
($30.3M)
$22.9M
$4.1M
Foreign currency remeasurement
($2.5M)
$9.7M
—
—
Net cash provided by operating activities
$263.5M
$302.4M
$378.4M
$256.5M
Purchased property, plant and equipment
($142.3M)
($139.2M)
($119.1M)
($130.0M)
Purchased businesses, net of cash acquired
($167.0M)
($273.9M)
($205.1M)
($250.8M)
Proceeds from the sale of a business
$75.7M
—
—
—
Purchase of cost method investment
($2.5M)
—
—
—
Purchase of non-controlling interest
($1.2M)
—
—
—
Proceeds from sale of property, plant and equipment
$5.0M
$1.2M
$5.0M
$1.6M
Proceeds from insurance recoveries
$0
$4.9M
—
—
Net cash used in investing activities
($232.2M)
($407.1M)
($319.2M)
($375.3M)
Proceeds from issuance of long-term debt
$1.3B
$1.9B
$2.2B
$335.0M
Repayment of long-term debt
($1.3B)
($1.8B)
($2.1B)
($159.5M)
Payment of debt issue costs
($1.0M)
($3.5M)
($10.2M)
($600.0K)
Net payment on notes payable
($587.0K)
($1.2M)
($28.7M)
$3.5M
Dividends paid
($50.3M)
($47.6M)
($43.4M)
($39.2M)
Proceeds from stock options exercised
$9.8M
$35.9M
$14.6M
$30.1M
Repurchases of common stock
($60.7M)
($39.6M)
($2.6M)
($4.0M)
Contingent consideration payment
$0
$0
($1.5M)
($5.0M)
Net cash (used in) provided by financing activities
($107.9M)
$112.1M
$35.1M
$160.3M
Net change in cash and cash equivalents
($62.1M)
($10.1M)
$99.5M
$18.1M
Cash and cash equivalents at beginning of year
$169.4M
$179.5M
$79.9M
$61.8M
H.B. Fuller Company cash flow statement, quarters
Line item
Aug 29, 2026 · YTD
May 30, 2026 · YTD
Feb 28, 2026 · Q1
Aug 30, 2025 · YTD
Net income including non-controlling interest
$168.0M
$88.8M
$21.0M
$122.3M
Depreciation
$73.3M
$48.8M
$24.4M
$68.3M
Amortization
$65.2M
$43.6M
$22.0M
$64.5M
Deferred income taxes
($15.5M)
($9.1M)
($2.4M)
($39.2M)
Loss from equity method investments, net of dividends received
$1.4M
($2.2M)
($918.0K)
$1.0M
Loss on the sale of business
$0
$0
$0
$1.5M
Loss on impairment of intangible asset
$0
$0
—
$478.0K
Gain on sale or disposal of assets
($1.0M)
($833.0K)
$1.0M
($178.0K)
Share-based compensation
$20.1M
$12.6M
$5.3M
$18.2M
Pension and other post-retirement plan benefit
($18.3M)
($12.2M)
($1.9M)
($7.0M)
Loss on debt extinguishment and bridge financing fees
$6.6M
—
—
—
Unrealized gain on forward exchange contract related to a pending acquisition
($19.9M)
—
—
—
Accounts receivable, net
($78.9M)
($53.9M)
$39.6M
($3.3M)
Inventory
($106.4M)
($51.3M)
($28.9M)
($42.1M)
Other assets
($4.8M)
($9.3M)
($3.2M)
($7.5M)
Accounts payable
$93.6M
$80.5M
$3.0M
($25.8M)
Accrued compensation
($15.2M)
($19.6M)
($46.4M)
($19.2M)
Other accrued expenses
$21.1M
$13.5M
($12.5M)
$6.9M
Income taxes payable
($3.4M)
($10.3M)
($12.7M)
($13.0M)
Pension plan assets and liabilities
$1.4M
$698.0K
—
—
Other liabilities
($5.1M)
($6.1M)
($9.9M)
$28.6M
Foreign currency remeasurement
$189.0K
$3.5M
($1.6M)
($2.3M)
Net cash provided by operating activities
$182.6M
$117.2M
($4.0M)
$156.8M
Purchased property, plant and equipment
($141.7M)
($104.4M)
($57.7M)
($94.6M)
Purchased businesses, net of cash acquired
($3.8M)
$0
$0
($162.1M)
Payment of holdback on acquisitions
($11.6M)
($11.6M)
—
—
Proceeds from sale of property, plant and equipment
$4.6M
$4.4M
$321.0K
$843.0K
Purchase of cost method investment
$0
$0
$0
($2.5M)
Proceeds from the sale of a business
$0
$0
$0
$75.7M
Net cash used in investing activities
($152.5M)
($111.6M)
($57.4M)
($182.7M)
Proceeds from issuance of long-term debt
$1.6B
$627.0M
$288.1M
$1.1B
Repayment of long-term debt
($1.6B)
($571.7M)
($231.4M)
($1.1B)
Payment of debt issuance costs
($15.1M)
$0
—
($1.0M)
Net payment of notes payable
$0
$0
$0
($585.0K)
Dividends paid
($39.1M)
($26.0M)
($12.8M)
($37.6M)
Proceeds from stock options exercised
$12.2M
$10.3M
$7.8M
$5.5M
Repurchases of common stock
($48.9M)
($48.8M)
($2.9M)
($60.7M)
Net cash used in financing activities
($51.4M)
($9.2M)
$48.7M
($33.7M)
Effect of exchange rate changes on cash and cash equivalents