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Held by 320 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $50.97 today, the market must believe free cash flow compounds 14.5%/yr for a decade (off $142M normalized FCF).
The market's 14.5% is more optimistic than its 9-yr track record.
2-stage DCF · 0.05B shares · net debt $1.9B
mean 18.7% · volatility σ 53% · implied rate exceeded in 3/7 yrs
Central path = implied 14.5%/yr growth; shaded band = ±1σ (53%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-14
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2024 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.47B 100.0% | $3.57B 100.0% | — | $3.51B 100.0% | $3.75B 100.0% | $3.28B 100.0% | $2.79B 100.0% | $2.90B 100.0% | $3.04B 100.0% | $2.31B 100.0% |
| Cost of Revenue | $2.39B 68.9% | $2.51B 70.2% | — | $2.50B 71.3% | $2.79B 74.3% | $2.43B 74.2% | $2.03B 72.9% | $2.09B 72.1% | $2.21B 72.8% | $1.71B 74.0% |
| Cost of Products | — | — | — | — | — | — | — | — | — | $1.70B 73.8% |
| Gross Profit | $1.08B 31.1% | $1.06B 29.8% | — | $1.01B 28.7% | $963.7M 25.7% | $845.3M 25.8% | $756.6M 27.1% | $806.9M 27.9% | $828.2M 27.2% | $599.0M 26.0% |
| Selling, General & Admin | $725.6M 20.9% | $713.7M 20.0% | — | $653.8M 18.6% | $641.0M 17.1% | $592.7M 18.1% | $538.3M 19.3% | $580.9M 20.1% | $590.3M 19.4% | $479.5M 20.8% |
| Total Operating Expenses | $2.85B 82.1% | $2.97B 83.4% | — | $2.93B 83.5% | — | — | — | — | — | — |
| Operating Income | — | $348.2M 9.8% | — | $355.1M 10.1% | $322.7M 8.6% | $252.6M 7.7% | $218.3M 7.8% | $226.0M 7.8% | $237.9M 7.8% | $119.5M 5.2% |
| Interest Expense | $133.3M 3.8% | $133.1M 3.7% | — | $134.6M 3.8% | $91.5M 2.4% | $78.1M 2.4% | $86.8M 3.1% | $103.3M 3.6% | $111.0M 3.6% | $43.7M 1.9% |
| Interest & Investment Income | $4.8M 0.1% | $4.7M 0.1% | — | $3.9M 0.1% | $7.8M 0.2% | $9.5M 0.3% | $11.4M 0.4% | $12.2M 0.4% | $11.8M 0.4% | $3.9M 0.2% |
| Other Income (Expense), net | $39.2M 1.1% | -$2.0M -0.1% | — | -$611K -0.0% | — | — | — | — | — | — |
| Pretax Income | $215.4M 6.2% | $182.7M 5.1% | — | $234.2M 6.7% | $251.9M 6.7% | $216.9M 6.6% | $158.4M 5.7% | $172.8M 6.0% | $156.7M 5.2% | $60.6M 2.6% |
| Income Tax Expense | $67.1M 1.9% | $56.4M 1.6% | — | $93.5M 2.7% | $77.2M 2.1% | $63.0M 1.9% | $41.9M 1.5% | $49.4M 1.7% | -$6.4M -0.2% | $9.8M 0.4% |
| Net Income | $152.0M 4.4% | $130.3M 3.6% | $130.3M | $144.9M 4.1% | $180.3M 4.8% | $161.4M 4.9% | $123.7M 4.4% | $130.8M 4.5% | $171.2M 5.6% | $59.4M 2.6% |
| Per Share | ||||||||||
| EPS (Basic) | $2.78 | $2.37 | — | $2.67 | $3.37 | $3.05 | $2.38 | $2.57 | $3.38 | $1.18 |
| EPS (Diluted) | $2.75 | $2.30 | — | $2.59 | $3.26 | $2.97 | $2.36 | $2.52 | $3.29 | $1.15 |
| Weighted Avg Shares (Basic) | 54.6M | 54.9M | — | 54.3M | 53.6M | 52.9M | 52.0M | 50.9M | 50.6M | 50.4M |
| Weighted Avg Shares (Diluted) | 55.4M | 56.6M | — | 56.0M | 55.3M | 54.3M | 52.5M | 52.0M | 52.0M | 51.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 41% of free cash flow, leaving room to grow it and fund buybacks. Last year: $50M dividends + $61M buybacks = $111M returned on $121M FCF.
2 consecutive years of dividend increases · 5%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $107M covers the $47M due within a year 2.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-11-29 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~6.6% on $2.0B of debt.
Cash of $107M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-14
No standout strengths flagged.
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2023 | FY2024 | FY2024 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 72.1 | 72.9 | 74.2 | 74.3 | 71.3 | — | 70.2 | 68.9 |
| Gross Profit | 27.9 | 27.1 | 25.8 | 25.7 | 28.7 | — | 29.8 | 31.1 |
| SG&A | 20.1 | 19.3 | 18.1 | 17.1 | 18.6 | — | 20.0 | 20.9 |
| Operating Income | 7.8 | 7.8 | 7.7 | 8.6 | 10.1 | — | 9.8 | — |
| Income Tax | 1.7 | 1.5 | 1.9 | 2.1 | 2.7 | — | 1.6 | 1.9 |
| Net Income | 4.5 | 4.4 | 4.9 | 4.8 | 4.1 | — | 3.6 | 4.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FUL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BHP | $430.1B | — | — | — | — | — | — | — | — | — | 713 |
| LIN | $218.0B | 31.8× | 19.6× | 6.4× | 3.0% | — | 20.3% | 18.0% | 10.9% | 2.1× | 2,148 |
| SCCO | $155.7B | 35.9× | 20.1× | 11.6× | 17.4% | 60.1% | 32.4% | 39.4% | 24.4% | 0.9× | 791 |
| CX | $151.6B | — | — | — | — | — | — | — | — | — | 297 |
| TX | $112.2B | — | — | — | — | — | — | — | — | — | 139 |
| FCX | $99.6B | — | 12.0× | 3.8× | 1.8% | 28.2% | 16.0% | 22.0% | 14.7% | 1.1× | 1,775 |
| AEM | $98.8B | — | — | — | — | — | — | — | — | — | 1,066 |
| SHW | $80.4B | 31.6× | — | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | — | 1,610 |
| ECL | $77.7B | 37.8× | 22.9× | 4.8× | 2.2% | 44.5% | 12.9% | 21.2% | 19.5% | 0.3× | 1,619 |
| B | $71.1B | — | — | — | — | — | — | — | — | — | 979 |
| WPM | $68.0B | — | — | — | — | — | — | — | — | — | 809 |
| APD | $63.9B | — | 90.3× | 5.3× | -0.5% | 31.4% | -3.3% | -2.6% | -2.6% | 0.1× | 1,702 |
| VALE | $62.2B | — | — | — | — | — | — | — | — | — | 537 |
| CRH | $59.5B | 16.1× | 9.5× | 1.6× | 5.3% | 36.1% | 10.0% | 15.6% | 9.2% | 2.2× | 9 |
| NUE | $58.7B | 33.9× | — | 1.8× | 5.7% | 11.9% | 5.4% | 8.3% | 8.3% | — | 1,325 |
| MT | $55.4B | — | — | — | — | — | — | — | — | — | 286 |
| DD | $51.9B | — | — | 7.6× | 1.9% | 34.5% | -11.4% | -5.6% | -5.6% | — | 1,172 |
| AU | $50.7B | — | — | — | — | — | — | — | — | — | 537 |
| FNV | $50.4B | — | — | — | — | — | — | — | — | — | 614 |
| NTR | $36.7B | — | — | — | — | — | — | — | — | — | 718 |
| STLD | $34.0B | 29.4× | 18.5× | 1.9× | 3.6% | 13.2% | 6.5% | 13.2% | 9.0% | 2.1× | 893 |
| KGC | $33.8B | — | — | — | — | — | — | — | — | — | 630 |
| VMC | $32.7B | 30.9× | 15.6× | 4.1× | 7.1% | 27.4% | 13.6% | 12.6% | 8.4% | 1.8× | 981 |
| MLM | $30.2B | 26.7× | 17.1× | 4.9× | 8.6% | 30.7% | 18.5% | 11.3% | 7.4% | 2.6× | 1,022 |
| PPG | $23.5B | 15.2× | — | 1.5× | 0.2% | 41.3% | 9.9% | 19.8% | 10.3% | — | 1,003 |
| FUL | $2.8B | 18.5× | — | 0.8× | -2.7% | 31.1% | 4.4% | 7.6% | 3.8% | — | 320 |
Peers = companies sharing FUL's sector (Basic Materials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.