Fuller H B
Through the investors’ lenses
0 of 3 cleared4 of 8 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 2/3
| Measure | FUL | Checked against | |
|---|---|---|---|
| Owner earnings | $188.01m | positive | ✓ |
| Return on equity | 7.6% | US median 2.8% | ✓ |
| Debt to equity | 1.01x | US median 0.57x | ✗ |
| Operating margin | — | US median 3.1% | — |
Passes 2 of 3. These are the measures Warren Buffett published, applied to Fuller H B’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 1/3
| Measure | FUL | Checked against | |
|---|---|---|---|
| Current ratio | 1.70x | 2.00x published | ✗ |
| Long-term debt to working capital | 3.88x | 1.00x published | ✗ |
| Positive earnings, ten years running | 10 yrs | 10 published | ✓ |
Passes 1 of 3. These are the measures Benjamin Graham published, applied to Fuller H B’s own figures — their criteria, not their view of this company. What he looks at, and why →
Peter Lynch 1/2
| Measure | FUL | Checked against | |
|---|---|---|---|
| Debt to equity | 1.01x | US median 0.57x | ✗ |
| Net margin | 4.4% | US median 2.0% | ✓ |
Passes 1 of 2. These are the measures Peter Lynch published, applied to Fuller H B’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | 33.7% | whyA single year's earnings for a commodity producer can be several times the through-cycle average. This ratio computed in a trough looks alarming and in a peak looks trivial; neither describes whether the dividend is affordable across a cycle. |
| Operating cash flow | 19.1% | whyBefore capital spending. |
| Free cash flow | 41.5% | whyNets out the capital spending producers cut in downturns — so it flatters a trough year. |
Spread between highest and lowest: 22.4 percentage points. Same filings, different denominators.
Coverage rating 34 / 100 — Strained. ? Peer standing 22/50Direction 4/30Stability 7/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-11-29 | 41.5% |
| 2024-11-30 | 29.2% |
| 2023-12-02 | 16.7% |
| 2022-12-03 | 31.0% |
| 2021-11-27 | 29.7% |
| 2020-11-28 | 13.7% |
Coverage worsened sharply this year, 29.2% to 41.5%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.
45% of the 47 materials here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $0.928 ÷ diluted EPS $2.75
- Operating cash flow — dividends paid $50.3m ÷ operating cash flow $263m
- Free cash flow — dividends paid $50.3m ÷ (operating cash flow $263m − capex $142m)
Where the figures came from
- 10-K filed 2026-01-22 · accession 0001437749-26-001767
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated strained · when it files.
Who else looks like this
Every figure above is computed from Fuller H B’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.
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