H.B. Fuller Co (STU:HB1) Gross Margin %: 33.64% (As of May. 2026) — 22% Above Median


STU:HB1 H.B. Fuller Co STU:HB1
81 GF Score
Price €48.80
GF Value €57.23
Valuation Modestly Undervalued
! 4 Warning Signs
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What is H.B. Fuller Co Gross Margin %?

H.B. Fuller Co STU:HB1 +1.24% 81 Gross Margin % is 33.64% as of May. 2026, which is 22% above its 10-year median of 27.54. GuruFocus rates STU:HB1 with a GF Score™ of 81/100 and a GF Value™ of €57.23 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,556 Chemicals companies, H.B. Fuller Co ranks better than 69.92% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. H.B. Fuller Co's Gross Profit for the three months ended in May. 2026 was €274 Mil. H.B. Fuller Co's Revenue for the three months ended in May. 2026 was €813 Mil. Therefore, H.B. Fuller Co's Gross Margin % for the quarter that ended in May. 2026 was 33.64%.


The historical rank and industry rank for H.B. Fuller Co's Gross Margin % or its related term are showing as below:

STU:HB1' s Gross Margin % Range Over the Past 10 Years
Min: 25.7   Med: 27.54   Max: 32.01
Current: 32.01


During the past 13 years, the highest Gross Margin % of H.B. Fuller Co was 32.01%. The lowest was 25.70%. And the median was 27.54%.

STU:HB1's Gross Margin % is ranked better than
69.92% of 1556 companies
in the Chemicals industry
Industry Median: 23.465 vs STU:HB1: 32.01

H.B. Fuller Co had a gross margin of 33.64% for the quarter that ended in May. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for H.B. Fuller Co was 3.60% per year.


H.B. Fuller Co  (STU:HB1) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

H.B. Fuller Co had a gross margin of 33.64% for the quarter that ended in May. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


H.B. Fuller Co Gross Margin % Related Terms


H.B. Fuller Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for H.B. Fuller Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

H.B. Fuller Co Gross Margin % Chart

H.B. Fuller Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.79 25.70 28.74 29.75 31.11

H.B. Fuller Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.89 31.96 31.53 30.62 33.64

STU:HB1 vs HWKN, WDFC, AVNT: Gross Margin % Comparison

For the Specialty Chemicals subindustry, H.B. Fuller Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


H.B. Fuller Co Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where H.B. Fuller Co's Gross Margin % falls into.


STU:HB1
81GF Score
H.B. Fuller Co STU:HB1
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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H.B. Fuller Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

H.B. Fuller Co's Gross Margin for the fiscal year that ended in Nov. 2025 is calculated as

Gross Margin % (A: Nov. 2025 )=Gross Profit (A: Nov. 2025 ) / Revenue (A: Nov. 2025 )
=934.8 / 3004.654
=(Revenue - Cost of Goods Sold) / Revenue
=(3004.654 - 2069.887) / 3004.654
=31.11 %

H.B. Fuller Co's Gross Margin for the quarter that ended in May. 2026 is calculated as


Gross Margin % (Q: May. 2026 )=Gross Profit (Q: May. 2026 ) / Revenue (Q: May. 2026 )
=273.6 / 813.432
=(Revenue - Cost of Goods Sold) / Revenue
=(813.432 - 539.808) / 813.432
=33.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 33.64% mean?
H.B. Fuller Co (STU:HB1) has a Gross Margin % of 33.64% as of May. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on H.B. Fuller Co and its competitors. This is 22% above median its historical median of 27.54. Over the past decade, H.B. Fuller Co's Gross Margin % has ranged from 25.70 to 32.01. According to the industry distribution chart, H.B. Fuller Co ranks #468 out of 1556 companies in the Chemicals industry, placing it in the top 30.1%.
Is H.B. Fuller Co's Gross Margin % too high?
H.B. Fuller Co's current Gross Margin % of 33.64% is 22% above median its 10-year median of 27.54. Over the past 10 years, this metric has ranged from a low of 25.70 to a high of 32.01. The Chemicals industry median Gross Margin % is 23.47. H.B. Fuller Co's value of 33.64% is 43.4% above this industry median. Based on the distribution chart, H.B. Fuller Co ranks #468 out of 1556 companies in the Chemicals industry, which is above the industry midpoint. Overall, H.B. Fuller Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does H.B. Fuller Co's Gross Margin % compare to HWKN and WDFC?
According to the Chemicals industry distribution chart, H.B. Fuller Co ranks #468 out of 1556 companies for Gross Margin %. This puts H.B. Fuller Co in the upper half of its industry. The industry median Gross Margin % is 23.47. H.B. Fuller Co's value of 33.64% is 43.4% above this benchmark. Historically, H.B. Fuller Co's own Gross Margin % has ranged from 25.70 to 32.01 over the past decade. While the company's 10-year median is 27.54 vs. the industry median of 23.47, H.B. Fuller Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.47, based on 1,556 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. H.B. Fuller Co's current Gross Margin % of 33.64% is 43.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on H.B. Fuller Co and its competitors. For the Chemicals industry, the median Gross Margin % is 23.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H.B. Fuller Co's current Gross Margin % is 33.64%, which is 22% above median its own 10-year median of 27.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.B. Fuller Co stock overvalued right now?
Based on GuruFocus' analysis, H.B. Fuller Co (STU:HB1) is currently considered Modestly Undervalued. The stock's GF Value™ is €57.23, compared to a current price of €48.80 — trading 14.7% below its estimated fair value. The current Gross Margin % is 33.64%, which is 22% above median its 10-year median of 27.54 and 43.4% above the Chemicals industry median of 23.47. H.B. Fuller Co's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For H.B. Fuller Co (STU:HB1), the current Gross Margin % is 33.64% as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is H.B. Fuller Co (STU:HB1) Overvalued in 2026?

Based on GuruFocus' analysis, H.B. Fuller Co stock appears to be undervalued. The current stock price of €48.80 is trading 14.7% below its estimated GF Value™ of €57.23. GuruFocus considers H.B. Fuller Co to be Modestly Undervalued.

Key valuation signals for STU:HB1:

  • Gross Margin %: 33.64% (22% above median its 10-year median of 27.54)
  • GF Value™: €57.23 vs. price of €48.80 (14.7% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 43.4% above the Chemicals median (#468 of 1556)

No single metric tells the full story. See the STU:HB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H.B. Fuller Co Business Description

Other Exchanges FUL:USAHB1:Germany
Address 1200 Willow Lake Boulevard, Saint Paul, MN, USA, 55110-5101
H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. It generates the maximum revenue from hygiene, health, and consumable adhesives. This segment produces and supplies a full range of specialty industrial adhesives such as thermoplastic, thermoset, reactive, water-based, and solvent-based products for applications in various markets, including packaging, converting, nonwoven, and hygiene (disposable diapers, feminine care, and medical garments) and health and beauty. The company generates around half of its revenue in the United States.
81GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€48.80
Price
€57.23
GF Value