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Side-by-side financial comparison of FULLER H B CO (FUL) and Grab Holdings Ltd (GRAB). Click either name above to swap in a different company.

Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $892.0M, roughly 1.7× FULLER H B CO). FULLER H B CO runs the higher net margin — 7.5% vs 1.8%, a 5.8% gap on every dollar of revenue.

H.B. Fuller Company is an American multinational adhesives manufacturing company headquartered in St. Paul, Minnesota. H.B. Fuller manufactures more than 20,000 products for a variety of applications, including those used in construction, engineering, electronics, hygiene products, and food packaging. Its products are made at 81 manufacturing facilities in 26 countries. As of 2024, it was the fourth-largest manufacturer of adhesives and sealants in the world, employed approximately 7,500 peop...

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.

FUL vs GRAB — Head-to-Head

Bigger by revenue
GRAB
GRAB
1.7× larger
GRAB
$1.5B
$892.0M
FUL
Higher net margin
FUL
FUL
5.8% more per $
FUL
7.5%
1.8%
GRAB

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
FUL
FUL
GRAB
GRAB
Revenue
$892.0M
$1.5B
Net Profit
$67.2M
$26.0M
Gross Margin
32.0%
43.1%
Operating Margin
12.3%
-2.5%
Net Margin
7.5%
1.8%
Revenue YoY
-2.8%
Net Profit YoY
21.3%
EPS (diluted)
$1.22
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FUL
FUL
GRAB
GRAB
Q3 25
$892.0M
Q2 25
$898.1M
Q4 24
$1.5B
Q3 24
$917.9M
Q1 24
$810.4M
Q4 23
$902.9M
Q3 23
$900.6M
Q2 23
$898.2M
Net Profit
FUL
FUL
GRAB
GRAB
Q3 25
$67.2M
Q2 25
$41.8M
Q4 24
$26.0M
Q3 24
$55.4M
Q1 24
$31.0M
Q4 23
$45.0M
Q3 23
$37.6M
Q2 23
$40.4M
Gross Margin
FUL
FUL
GRAB
GRAB
Q3 25
32.0%
Q2 25
31.9%
Q4 24
43.1%
Q3 24
30.0%
Q1 24
29.5%
Q4 23
30.3%
Q3 23
29.3%
Q2 23
28.6%
Operating Margin
FUL
FUL
GRAB
GRAB
Q3 25
12.3%
Q2 25
11.1%
Q4 24
-2.5%
Q3 24
11.4%
Q1 24
8.3%
Q4 23
12.6%
Q3 23
10.1%
Q2 23
10.0%
Net Margin
FUL
FUL
GRAB
GRAB
Q3 25
7.5%
Q2 25
4.7%
Q4 24
1.8%
Q3 24
6.0%
Q1 24
3.8%
Q4 23
5.0%
Q3 23
4.2%
Q2 23
4.5%
EPS (diluted)
FUL
FUL
GRAB
GRAB
Q3 25
$1.22
Q2 25
$0.76
Q4 24
$0.01
Q3 24
$0.98
Q1 24
$0.55
Q4 23
$0.80
Q3 23
$0.67
Q2 23
$0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FUL
FUL
GRAB
GRAB
Cash + ST InvestmentsLiquidity on hand
$122.5M
$3.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$6.4B
Total Assets
$5.2B
$9.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUL
FUL
GRAB
GRAB
Q3 25
$122.5M
Q2 25
$96.8M
Q4 24
$3.0B
Q3 24
$131.4M
Q1 24
$165.2M
Q4 23
$179.5M
Q3 23
$94.9M
Q2 23
$103.2M
Total Debt
FUL
FUL
GRAB
GRAB
Q3 25
Q2 25
Q4 24
Q3 24
Q1 24
Q4 23
$1.8B
Q3 23
Q2 23
Stockholders' Equity
FUL
FUL
GRAB
GRAB
Q3 25
$2.0B
Q2 25
$1.9B
Q4 24
$6.4B
Q3 24
$1.8B
Q1 24
$1.8B
Q4 23
$1.8B
Q3 23
$1.7B
Q2 23
$1.7B
Total Assets
FUL
FUL
GRAB
GRAB
Q3 25
$5.2B
Q2 25
$5.1B
Q4 24
$9.3B
Q3 24
$5.0B
Q1 24
$4.7B
Q4 23
$4.7B
Q3 23
$4.7B
Q2 23
$4.6B
Debt / Equity
FUL
FUL
GRAB
GRAB
Q3 25
Q2 25
Q4 24
Q3 24
Q1 24
Q4 23
1.05×
Q3 23
Q2 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FUL
FUL
GRAB
GRAB
Operating Cash FlowLast quarter
$99.0M
$591.0M
Free Cash FlowOCF − Capex
$68.9M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.47×
22.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUL
FUL
GRAB
GRAB
Q3 25
$99.0M
Q2 25
Q4 24
$591.0M
Q3 24
$169.4M
Q1 24
$47.4M
Q4 23
$161.7M
Q3 23
$108.3M
Q2 23
$102.9M
Free Cash Flow
FUL
FUL
GRAB
GRAB
Q3 25
$68.9M
Q2 25
Q4 24
Q3 24
$99.9M
Q1 24
$4.1M
Q4 23
$152.1M
Q3 23
$81.3M
Q2 23
$67.9M
FCF Margin
FUL
FUL
GRAB
GRAB
Q3 25
7.7%
Q2 25
Q4 24
Q3 24
10.9%
Q1 24
0.5%
Q4 23
16.8%
Q3 23
9.0%
Q2 23
7.6%
Capex Intensity
FUL
FUL
GRAB
GRAB
Q3 25
3.4%
Q2 25
Q4 24
Q3 24
7.6%
Q1 24
5.3%
Q4 23
1.1%
Q3 23
3.0%
Q2 23
3.9%
Cash Conversion
FUL
FUL
GRAB
GRAB
Q3 25
1.47×
Q2 25
Q4 24
22.73×
Q3 24
3.06×
Q1 24
1.53×
Q4 23
3.59×
Q3 23
2.88×
Q2 23
2.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FUL
FUL

Hygiene Health And Consumable Adhesives$386.1M43%
Engineering Adhesives$272.3M31%
Building Adhesives Solutions$233.7M26%

GRAB
GRAB

Segment breakdown not available.

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