← BackFuller H B Co · Adhesives & SealantsFUL
Low riskNext report: Around Jan 14, 2027 (est.)
The short versionA profitable company with steady sales. Insiders are buying.
Going well
- Profitable every year for 10 years
- Brings in more cash than it spends
- Raised its dividend (1.9% yield)
Money moves
- 9 insiders bought $1.1M of shares with their own money in the last 30 days
- Institutions cut 0.5% from their holdings in the quarter ending June 2026 (174 bought, 149 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$49.12-0.9% that day
Latest insider buy: An insider bought at $52.23 on Oct 16. The stock is now $49.12, -6.0% since.
- Company value
- $2.6B
- Share price times all shares
- Price vs profit (P/E)
- 13.7x
- You pay about $14 for each $1 of yearly profit
- Price vs sales
- 0.74x
- Company value is 0.74 times a year of sales
- Dividend yield
- 1.9%
- Yearly dividend as a share of today's price
- Cash vs value
- 4%
- Cash as a share of company value
- Debt vs value
- 76%
- Debt as a share of company value
From FUL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Aug '26$938.2M+5.2% vs a year earlier
Mar '24Tap a barAug '26
Last 12 months: $3.6B, up 1.5% from the 12 months before. Over 5 years, sales grew about 4.5% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.9%
- MissDebt under half of equityNot relying on borrowed money.1.01x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.4%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$121.2M
- PassShare count not growingNot diluting owners. Falling means buybacks.-0.3% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.31.1%
- Revenue
- $3.5B
- -2.7% vs prior year
- 5-year growth
- +4.5%/yr
- revenue, per year
- Total debt
- $2.0B
- 1.01x equity
- Current ratio
- 1.70x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Aug 29, 2026- Revenue
- $938.2M
- +5.2% YoY
- EPS
- $1.44
- vs $1.22
- Gross margin
- 33.2%
- +1.2 pts
- Free cash flow
- $28.2M
- Share count
- -0.5%
- vs a year ago
Insider rating
Last 90 days
87Strong buying
- 9 insiders bought $1.1M
- Charles T Lauber grew their stake 148.4%
- New position opened
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
50/ 100
- This week
- 3
- Normal week
- 3.0
- vs normal
- 1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.5%Institutions cut 0.5% from their holdings. 174 bought, 149 sold.
Shares held by institutions56.1M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-0.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.9x · $2.1B debtShares outstandingLatest reported
54MNext reportAround Jan 14, 2027 (est.)Estimated from the same quarter last year
- Results filedSep 24
- Results filedJun 25
- Results filedMar 26
- Results filedJan 15
- Results filedSep 25, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days Bought$1.1M9 insiders
Sold$00 insiders
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Muhammad Shahbaz MalikSenior VP, BAS | Buy | 479 | $52.23 | $25K | 14K | |
- +3.5% of their holdings
- Filed 3 days after
|
R Jeffrey BaillyDirector | Buy | 10K | $50.00 | $500K | 10K | |
- New position, first shares owned
- Held via Trust
- Filed 1 day after
|
Celine Christine MartinDirector | Buy | 465 | $49.50 | $23K | 465 | |
|
Charles T LauberDirector | Buy | 2K | $49.87 | $100K | 3K | |
- +148.4% of their holdings
- Filed 1 day after
|
Srilata ZaheerDirector | Buy | 2K | $49.08 | $100K | 3K | |
- +151.6% of their holdings
- $49.06 to $49.97 across 2 trades
- Traded Sep 28 to Sep 29
- Filed 1 day after
|
Michael J HappeDirector | Buy | 2K | $49.63 | $99K | 3K | |
- +148.9% of their holdings
- Filed 2 days after
|
Daniel L FlornessDirector | Buy | 2K | $49.34 | $100K | 3K | |
- +150.3% of their holdings
- Filed 2 days after
|
Thomas W HandleyDirector | Buy | 2K | $49.41 | $99K | 2K | |
- New position, first shares owned
- Held via Revocable Trust
- Filed 2 days after
|
Trangsrud Teresa J RasmussenDirector | Buy | 2K | $48.96 | $100K | 4K | |
- +101.5% of their holdings
- $48.96 to $48.98 across 2 trades
- Held via Revocable Trust
- Filed 2 days after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardHeather CampeSr. VP, International Growth
45 shares at $49.61 · $2K
- +1% of holdings
- Now owns 6,132 shares
- Phantom Units
- Filed 3 days after trade
Stock awardJohn J CorkreanExecutive VP and CFO
254 shares at $49.61 · $13K
- +1% of holdings
- Now owns 36,660 shares
- Phantom Units
- Filed 3 days after trade
Major agreementOct 22 · Form 8-K ↗Other company newsOct 19 · Form 8-K ↗BoughtMuhammad Shahbaz MalikSenior VP, BAS
479 shares at $52.23 · $25K
- +3% of holdings
- Now owns 14,176 shares
- Filed 3 days after trade
Stock awardHeather CampeSr. VP, International Growth
45 shares at $49.56 · $2K
- +1% of holdings
- Now owns 6,087 shares
- Phantom Units
- Filed 4 days after trade
Stock awardJohn J CorkreanExecutive VP and CFO
254 shares at $49.56 · $13K
- +1% of holdings
- Now owns 36,406 shares
- Phantom Units
- Filed 4 days after trade
Other company newsOct 9 · Form 8-K ↗BoughtR Jeffrey BaillyDirector
10,000 shares at $50.00 · $500K
- New position
- Now owns 10,000 shares
- Held by Trust
- Filed 1 day after trade
Investor disclosureOct 6 · Form 8-K ↗Option exerciseGregory O. OgunsanyaSr. VP, GC and Corp Secretary
655 shares at $50.20 · $33K
- +10% of holdings
- Now owns 6,925 shares
- 2 transactions
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Stock awardR Jeffrey BaillyDirector
1,300 shares
- Now owns 1,300 shares
- Restricted Stock Units
- Filed 2 days after trade
BoughtCeline Christine MartinDirector
465 shares at $49.50 · $23K
- New position
- Now owns 465 shares
- Filed 1 day after trade
BoughtMichael J HappeDirector
2,000 shares at $49.63 · $99K
- +149% of holdings
- Now owns 3,343 shares
- Filed 2 days after trade
BoughtSrilata ZaheerDirector
2,040 shares at $49.08 avg ($49.06 to $49.97) · $100K
- +152% of holdings
- Now owns 3,386 shares
- 2 transactions
- Filed 1 day after trade