H B Fuller Company (FUL) - Net Assets
Based on the latest financial reports, H B Fuller Company (FUL) has net assets worth $2.07 Billion USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.22 Billion) and total liabilities ($3.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check H B Fuller Company tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.07 Billion |
| % of Total Assets | 39.56% |
| Annual Growth Rate | 7.45% |
| 5-Year Change | 24.33% |
| 10-Year Change | 112.96% |
| Growth Volatility | 27.23 |
H B Fuller Company - Net Assets Trend (1985–2025)
This chart illustrates how H B Fuller Company's net assets have evolved over time, based on quarterly financial data. See H B Fuller Company liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for H B Fuller Company (1985–2025)
The table below shows the annual net assets of H B Fuller Company from 1985 to 2025. For live valuation and market cap data, see H B Fuller Company market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $2.00 Billion | +9.47% |
| 2024-11-30 | $1.83 Billion | +4.21% |
| 2023-11-30 | $1.76 Billion | +9.01% |
| 2022-11-30 | $1.61 Billion | -0.03% |
| 2021-11-30 | $1.61 Billion | +16.60% |
| 2020-11-30 | $1.38 Billion | +13.01% |
| 2019-11-30 | $1.22 Billion | +6.13% |
| 2018-11-30 | $1.15 Billion | -44.82% |
| 2017-11-30 | $2.09 Billion | +121.96% |
| 2016-11-30 | $940.65 Million | -46.45% |
| 2015-11-30 | $1.76 Billion | +96.97% |
| 2014-11-30 | $891.88 Million | -4.15% |
| 2013-11-30 | $930.46 Million | +19.49% |
| 2012-11-30 | $778.70 Million | +9.76% |
| 2011-11-30 | $709.46 Million | +11.83% |
| 2010-11-30 | $634.39 Million | +6.76% |
| 2009-11-30 | $594.24 Million | +10.36% |
| 2008-11-30 | $538.45 Million | -32.87% |
| 2007-11-30 | $802.05 Million | +2.71% |
| 2006-11-30 | $780.85 Million | +29.40% |
| 2005-11-30 | $603.45 Million | +6.08% |
| 2004-11-30 | $568.88 Million | +8.63% |
| 2003-11-30 | $523.69 Million | +13.13% |
| 2002-11-30 | $462.90 Million | +2.05% |
| 2001-11-30 | $453.58 Million | +7.03% |
| 2000-11-30 | $423.79 Million | +7.59% |
| 1999-11-30 | $393.90 Million | +10.15% |
| 1998-11-30 | $357.60 Million | +0.76% |
| 1997-11-30 | $354.90 Million | +5.16% |
| 1996-11-30 | $337.50 Million | +10.62% |
| 1995-11-30 | $305.10 Million | +8.58% |
| 1994-11-30 | $281.00 Million | +10.37% |
| 1993-11-30 | $254.60 Million | -2.34% |
| 1992-11-30 | $260.70 Million | +16.02% |
| 1991-11-30 | $224.70 Million | +10.69% |
| 1990-11-30 | $203.00 Million | +5.67% |
| 1989-11-30 | $192.10 Million | +7.38% |
| 1988-11-30 | $178.90 Million | +10.84% |
| 1987-11-30 | $161.40 Million | +19.11% |
| 1986-11-30 | $135.50 Million | +19.81% |
| 1985-11-30 | $113.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to H B Fuller Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1938.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.03 Billion | 101.14% |
| Common Stock | $54.17 Million | 2.70% |
| Other Comprehensive Income | $-375.05 Million | -18.72% |
| Other Components | $298.02 Million | 14.88% |
| Total Equity | $2.00 Billion | 100.00% |
H B Fuller Company Competitors by Market Cap
The table below lists competitors of H B Fuller Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Garden Reach Shipbuilders & Engineers Limited
NSE:GRSE
|
$3.38 Billion |
|
Sino-American Silicon Products
TWO:5483
|
$3.38 Billion |
|
Hualan Biological EngineeringInc
SHE:002007
|
$3.38 Billion |
|
Shenglan Technology Co Ltd
SHE:300843
|
$3.38 Billion |
|
Knowles Cor
NYSE:KN
|
$3.38 Billion |
|
Hafnia Limited
NYSE:HAFN
|
$3.37 Billion |
|
Hebei Changshan Biochem Pharma
SHE:300255
|
$3.37 Billion |
|
BankUnited Inc
NYSE:BKU
|
$3.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H B Fuller Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,828,659,000 to 2,003,218,000, a change of 174,559,000 (9.5%).
- Net income of 151,967,000 contributed positively to equity growth.
- Dividend payments of 50,271,000 reduced retained earnings.
- Share repurchases of 60,713,000 reduced equity.
- Other comprehensive income increased equity by 98,350,000.
- Other factors increased equity by 35,226,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $151.97 Million | +7.59% |
| Dividends Paid | $50.27 Million | -2.51% |
| Share Repurchases | $60.71 Million | -3.03% |
| Other Comprehensive Income | $98.35 Million | +4.91% |
| Other Changes | $35.23 Million | +1.76% |
| Total Change | $- | 9.55% |
Book Value vs Market Value Analysis
This analysis compares H B Fuller Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 30.35x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-11-30 | $2.04 | $61.95 | x |
| 1986-11-30 | $2.38 | $61.95 | x |
| 1987-11-30 | $2.80 | $61.95 | x |
| 1988-11-30 | $3.12 | $61.95 | x |
| 1989-11-30 | $3.24 | $61.95 | x |
| 1990-11-30 | $3.57 | $61.95 | x |
| 1991-11-30 | $3.95 | $61.95 | x |
| 1992-11-30 | $4.57 | $61.95 | x |
| 1993-11-30 | $4.43 | $61.95 | x |
| 1994-11-30 | $4.89 | $61.95 | x |
| 1995-11-30 | $5.31 | $61.95 | x |
| 1996-11-30 | $5.93 | $61.95 | x |
| 1997-11-30 | $6.02 | $61.95 | x |
| 1998-11-30 | $6.17 | $61.95 | x |
| 1999-11-30 | $6.73 | $61.95 | x |
| 2000-11-30 | $7.17 | $61.95 | x |
| 2001-11-30 | $7.66 | $61.95 | x |
| 2002-11-30 | $7.00 | $61.95 | x |
| 2003-11-30 | $8.31 | $61.95 | x |
| 2004-11-30 | $9.57 | $61.95 | x |
| 2005-11-30 | $9.99 | $61.95 | x |
| 2006-11-30 | $12.95 | $61.95 | x |
| 2007-11-30 | $13.10 | $61.95 | x |
| 2008-11-30 | $10.33 | $61.95 | x |
| 2009-11-30 | $12.04 | $61.95 | x |
| 2010-11-30 | $12.74 | $61.95 | x |
| 2011-11-30 | $14.14 | $61.95 | x |
| 2012-11-30 | $15.38 | $61.95 | x |
| 2013-11-30 | $18.19 | $61.95 | x |
| 2014-11-30 | $17.37 | $61.95 | x |
| 2015-11-30 | $16.99 | $61.95 | x |
| 2016-11-30 | $18.29 | $61.95 | x |
| 2017-11-30 | $20.22 | $61.95 | x |
| 2018-11-30 | $22.16 | $61.95 | x |
| 2019-11-30 | $23.51 | $61.95 | x |
| 2020-11-30 | $26.30 | $61.95 | x |
| 2021-11-30 | $29.66 | $61.95 | x |
| 2022-11-30 | $29.13 | $61.95 | x |
| 2023-11-30 | $31.37 | $61.95 | x |
| 2024-11-30 | $32.29 | $61.95 | x |
| 2025-11-30 | $36.19 | $61.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H B Fuller Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.37%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.59x
- Recent ROE (7.59%) is below the historical average (10.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.76% | 2.90% | 1.81x | 2.24x | $1.99 Million |
| 1986 | 13.95% | 3.58% | 1.81x | 2.15x | $5.35 Million |
| 1987 | 15.99% | 4.32% | 1.81x | 2.04x | $9.66 Million |
| 1988 | 11.79% | 3.08% | 1.58x | 2.43x | $3.21 Million |
| 1989 | 8.42% | 2.08% | 1.66x | 2.44x | $-2.95 Million |
| 1990 | 10.70% | 2.66% | 1.62x | 2.48x | $1.38 Million |
| 1991 | 12.65% | 3.25% | 1.68x | 2.32x | $5.80 Million |
| 1992 | 13.96% | 3.81% | 1.66x | 2.20x | $10.10 Million |
| 1993 | 4.01% | 1.03% | 1.73x | 2.26x | $-14.94 Million |
| 1994 | 11.24% | 2.82% | 1.48x | 2.70x | $3.42 Million |
| 1995 | 9.59% | 2.31% | 1.50x | 2.77x | $-1.24 Million |
| 1996 | 13.56% | 3.56% | 1.47x | 2.60x | $11.93 Million |
| 1997 | 10.88% | 2.82% | 1.42x | 2.71x | $2.99 Million |
| 1998 | 4.69% | 1.19% | 1.29x | 3.06x | $-18.14 Million |
| 1999 | 11.53% | 3.18% | 1.33x | 2.72x | $5.76 Million |
| 2000 | 12.15% | 3.63% | 1.34x | 2.50x | $8.69 Million |
| 2001 | 10.24% | 3.49% | 1.32x | 2.23x | $1.04 Million |
| 2002 | 6.28% | 2.24% | 1.31x | 2.14x | $-16.66 Million |
| 2003 | 7.58% | 3.00% | 1.28x | 1.98x | $-12.31 Million |
| 2004 | 6.44% | 2.53% | 1.24x | 2.05x | $-19.70 Million |
| 2005 | 10.54% | 4.07% | 1.37x | 1.90x | $3.13 Million |
| 2006 | 17.26% | 9.12% | 1.00x | 1.90x | $56.43 Million |
| 2007 | 12.79% | 7.30% | 1.03x | 1.71x | $22.27 Million |
| 2008 | 3.53% | 1.36% | 1.29x | 2.02x | $-34.67 Million |
| 2009 | 14.15% | 6.78% | 1.12x | 1.86x | $24.52 Million |
| 2010 | 11.22% | 5.23% | 1.18x | 1.83x | $7.68 Million |
| 2011 | 12.64% | 5.72% | 1.27x | 1.74x | $18.58 Million |
| 2012 | 16.14% | 6.66% | 1.06x | 2.30x | $47.79 Million |
| 2013 | 10.40% | 4.73% | 1.09x | 2.01x | $3.75 Million |
| 2014 | 5.60% | 2.37% | 1.13x | 2.10x | $-39.15 Million |
| 2015 | 9.93% | 4.16% | 0.71x | 3.35x | $-612.00K |
| 2016 | 13.24% | 5.93% | 1.02x | 2.19x | $30.34 Million |
| 2017 | 5.58% | 2.53% | 0.43x | 5.18x | $-46.12 Million |
| 2018 | 14.86% | 5.63% | 0.73x | 3.63x | $56.03 Million |
| 2019 | 10.70% | 4.52% | 0.73x | 3.26x | $8.58 Million |
| 2020 | 8.96% | 4.43% | 0.69x | 2.92x | $-14.41 Million |
| 2021 | 10.02% | 4.92% | 0.77x | 2.65x | $271.30K |
| 2022 | 11.20% | 4.81% | 0.84x | 2.77x | $19.30 Million |
| 2023 | 8.26% | 4.13% | 0.74x | 2.69x | $-30.61 Million |
| 2024 | 7.12% | 3.65% | 0.72x | 2.70x | $-52.61 Million |
| 2025 | 7.59% | 4.37% | 0.67x | 2.59x | $-48.35 Million |
Industry Comparison
This section compares H B Fuller Company's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,211,407,139
- Average return on equity (ROE) among peers: 1.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H B Fuller Company (FUL) | $2.07 Billion | 11.76% | 1.53x | $3.38 Billion |
| Albemarle Corp (ALB) | $4.09 Billion | 13.03% | 1.41x | $16.63 Billion |
| Alto Ingredients Inc (ALTO) | $279.56 Million | -10.02% | 0.62x | $212.84 Million |
| Aemetis Inc (AMTX) | $-201.85 Million | 0.00% | 0.00x | $113.29 Million |
| Air Products and Chemicals Inc (APD) | $2.10 Billion | 12.92% | 1.14x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $2.25 Billion | 3.33% | 2.11x | $2.95 Billion |
| Avient Corp (AVNT) | $2.39 Billion | 3.43% | 1.53x | $3.38 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.11 Billion | 2.46% | 4.62x | $6.23 Billion |
| Balchem Corporation (BCPC) | $39.78 Million | 14.17% | 0.43x | $5.17 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $9.66 Million | -27.22% | 0.18x | $4.82 Million |
| Bon Natural Life Ltd (BON) | $44.35 Million | 0.90% | 0.39x | $7.06 Million |
About H B Fuller Company
H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Building Adhesive Solutions. The Hygiene, Health and Consumable Adhesives segment produces … Read more