H. B. Fuller (FUL) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 33.6%
EBITDA Margin: 14.2%
Op. Margin: 9.4%
Net Margin: 7.1%

Op. margin of 9.4% is down 1.8% YoY — costs are rising relative to revenue. Net margin at 7.1% and gross margin of 33.6% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit