Fuller H B Co (FUL) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Materials / Mining & Chemicals · as of Sep 24, 2026
Fuller H B Co (FUL)
A forensic read on Fuller H B Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
3.1
Distress distance
Clean
Earnings quality
4
Forensic signals
14.3
P / E (ttm)
7.6%
ROE
$2.7B
Market cap
1.07%
Dividend yield
-2.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Fuller H B Co earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.1, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.5%
FY2025
Return on invested capital.Return on invested capital is 5.5% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.5-point range. The capital base behind it grew +12% across FY2023–FY2025, from $3.9B to $4.3B, while the return fell 0.5 points, so the dollars added over that window earned less than the 6% the older base was already earning.
$32M
FY2024–FY2024
Goodwill impairments.Took $32M of goodwill writedowns across 1 year (FY2024 ($32M)) — about 25% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
72d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 66 to 72 FY2024→FY2025 (against cost of goods sold; inventory +1% vs -5% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
92% of FCF
FY2025
Shareholder returns.Returned $111M to shareholders (buybacks + dividends) in FY2025 — 92% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet. That ratio has been CLIMBING toward the limit — 18% of free cash flow two years back — not just sitting there. Counting the $22M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 110%.
Key fundamentals
Latest Revenue$3.47B
Revenue Growth YoY-2.7%
Revenue CAGR (2yr)-0.5%
Net Margin4.4%
Free Cash Flow$121.2M
Return on Equity7.6%
Debt / Equity1.01x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Fuller H B Co's actual 10-K/10-Q/8-K filings?