FUL H B Fuller margins

Relative Growth: Rel. Growth: 53

Relative Strength: Rel. Strength: 34

Relative Valuation: Rel. Valuation: 91

Relative Profitability: Rel. Profitability: 62

Gross margin

32.3%

Operating margin

10.7%

EBITDA margin

16.6%

Net margin

5.6%

Based on the latest figures, H B Fuller reports a gross margin of 32.3%, an operating margin of 10.7%, an EBITDA margin of 16.6%, and a net margin of 5.6%. EBITDA margin had the largest improvement, expanding by 2.6 percentage points, while the other available margins also increased.

FUL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, H B Fuller recorded average margins of 30.41% gross, 10.14% operating, 15.12% EBITDA, and 4.27% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

FUL margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by EBITDA margin with an increase of 2.6 percentage points.

Gross margin expansion

1.9pp

Operating margin expansion

1.2pp

EBITDA margin expansion

2.6pp

Net margin expansion

2.3pp

FUL Gross margin

H B Fuller recorded an average gross margin of 30.41% across the last 3 years. H B Fuller currently reports a gross margin of 32.3%, 1.9 percentage points above its three-year average. During this period, gross margin reached a high of 32.3% in Aug 2026 and a low of 28.7% in Dec 2023.

FUL Operating margin

Over the last 3 years, the average operating margin for H B Fuller was 10.14%. H B Fuller currently reports an operating margin of 10.7%, 0.6 percentage points above its three-year average. H B Fuller's operating margin ranged from a low of 9.2% in Mar 2025 to a high of 10.9% in Aug 2024.

FUL EBITDA margin

The average EBITDA margin for H B Fuller was 15.12% in the last 3 years. Compared with its three-year average, H B Fuller's current EBITDA margin is 16.6% and is 1.5 percentage points above its three-year average. The EBITDA margin for H B Fuller moved between 13.4% in Mar 2025 and 16.6% in Aug 2026.

FUL Net margin

Throughout the last 3 years, H B Fuller had an average net margin of 4.27%. Against its three-year average, H B Fuller's net margin is currently 5.6%, 1.3 percentage points above its three-year average. Looking back over the last 3 years, H B Fuller's net margin reached 5.6% at its highest point in Aug 2026 and 2.9% at its lowest in May 2025.

FUL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 32.3%, FUL ranks higher than the Basic Materials sector and the industry average. But in comparison with the Basic Materials sector average of 32%, H B Fuller's gross margin is only 0.9% higher.

FUL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is H B Fuller's gross margin?

For the period ending Aug 29, 2026, FUL recorded a gross margin of 32.3%.

What is H B Fuller's operating margin?

The current operating margin for FUL is 10.7% as of Aug 29, 2026.

What is H B Fuller's EBITDA margin?

For the period ending Aug 29, 2026, FUL recorded an EBITDA margin of 16.6%.

What is H B Fuller's net margin?

The current net margin for FUL is 5.6% as of Aug 29, 2026.

What are the average margins of FUL?

Looking back over 3 years, FUL recorded average margins of 30.4% gross, 10.1% operating, 15.1% EBITDA, and 4.3% net.

What are the highest historical margins of FUL?

Over this 5-year history, FUL peaked at 32.3% gross in Aug 2026, 10.9% operating in Aug 2024, 16.6% EBITDA in Aug 2026, and 5.6% net in Aug 2026.

What are the lowest historical margins of FUL?

Across the 5-year period, FUL posted its lowest margins at 25.2% gross in May 2022, 7.7% operating in Nov 2021, 12.8% EBITDA in May 2022, and 2.9% net in May 2025.