What is H.B. Fuller's net debt?

H.B. Fuller (FUL) reported net debt of $1.97B in Q4 2025.

How has H.B. Fuller's net debt changed year-over-year?

H.B. Fuller's net debt decreased by 5.1% year-over-year, from $2.07B to $1.97B.

What is the long-term trend for H.B. Fuller's net debt?

Over 5 years (2020 to 2025), H.B. Fuller's net debt has grown at a 3.0% compound annual growth rate (CAGR), from $1.7B to $1.98B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

H.B. Fuller FUL Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

PRD

Perdoceo EducationPRDO

-0.4×0.0×

ADMA BiologicsADMA

0.3×+0.2×

Worthington SteelWS

1.1×+0.5×

NeogenNEOG

4.8×+0.4×

Surgery Partners, Inc.SGRY

8.5×-0.9×

CTS CorporationCTS

-0.5×-0.1×

Other financials

Income statement

See full

Revenue$770.8M-2.3%

Gross profit$270.2M+1.8%

Net income$21.0M-44.6%

EPS (diluted)$0.69+19.6%

Balance sheet

See full

Cash & equivalents$107.9M+2.0%

Total debt$2.1B-4.8%

Total equity$2.1B+16.2%

Total assets$5.2B+5.2%

Cash flow

See full

Operating cash flow-$4.0M+92.5%

CapEx$57.7M+74.9%

Free cash flow-$61.7M+28.2%

Valuation

See full

Market cap$3.44B+15.1%

Profitability

See full

Gross margin31.1%+1.4pp

Net margin3.9%+0.1pp

FCF margin4.2%+2.1pp

Returns & leverage

See full

Return on equity7%-0.6pp

Debt / equity1×-0.2×

Current ratio1.9×-0.1×

Where this comes from

Calculated from H.B. Fuller’s reported figures.

$2.1Btotal debt−$107.9Mcash and equivalents=$1.97B

The official record: H.B. Fuller’s 10-Q, filed March 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about H.B. Fuller's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is H.B. Fuller's net debt?: H.B. Fuller (FUL) reported net debt of $1.97B in Q4 2025.
How has H.B. Fuller's net debt changed year-over-year?: H.B. Fuller's net debt decreased by 5.1% year-over-year, from $2.07B to $1.97B.
What is the long-term trend for H.B. Fuller's net debt?: Over 5 years (2020 to 2025), H.B. Fuller's net debt has grown at a 3.0% compound annual growth rate (CAGR), from $1.7B to $1.98B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.