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

Pentair is the larger business by last-quarter revenue ($1.0B vs $892.0M, roughly 1.2× FULLER H B CO). Pentair runs the higher net margin — 16.6% vs 7.5%, a 9.1% gap on every dollar of revenue. On growth, Pentair posted the faster year-over-year revenue change (2.6% vs -2.8%). FULLER H B CO produced more free cash flow last quarter ($68.9M vs $-85.7M). Over the past eight quarters, FULLER H B CO's revenue compounded faster (5.0% CAGR vs -2.9%).

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...

Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.

FUL vs PNR — Head-to-Head

Bigger by revenue
PNR
PNR
1.2× larger
PNR
$1.0B
$892.0M
FUL
Growing faster (revenue YoY)
PNR
PNR
+5.4% gap
PNR
2.6%
-2.8%
FUL
Higher net margin
PNR
PNR
9.1% more per $
PNR
16.6%
7.5%
FUL
More free cash flow
FUL
FUL
$154.6M more FCF
FUL
$68.9M
$-85.7M
PNR
Faster 2-yr revenue CAGR
FUL
FUL
Annualised
FUL
5.0%
-2.9%
PNR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FUL
FUL
PNR
PNR
Revenue
$892.0M
$1.0B
Net Profit
$67.2M
$172.4M
Gross Margin
32.0%
41.8%
Operating Margin
12.3%
20.3%
Net Margin
7.5%
16.6%
Revenue YoY
-2.8%
2.6%
Net Profit YoY
21.3%
11.3%
EPS (diluted)
$1.22

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
PNR
PNR
Q1 26
$1.0B
Q4 25
$1.0B
Q3 25
$892.0M
$1.0B
Q2 25
$898.1M
$1.1B
Q1 25
$1.0B
Q4 24
$972.9M
Q3 24
$917.9M
$993.4M
Q2 24
$1.1B
Net Profit
FUL
FUL
PNR
PNR
Q1 26
$172.4M
Q4 25
$166.1M
Q3 25
$67.2M
$184.3M
Q2 25
$41.8M
$148.5M
Q1 25
$154.9M
Q4 24
$166.4M
Q3 24
$55.4M
$139.6M
Q2 24
$186.1M
Gross Margin
FUL
FUL
PNR
PNR
Q1 26
41.8%
Q4 25
40.4%
Q3 25
32.0%
41.0%
Q2 25
31.9%
40.7%
Q1 25
39.9%
Q4 24
38.8%
Q3 24
30.0%
39.6%
Q2 24
39.8%
Operating Margin
FUL
FUL
PNR
PNR
Q1 26
20.3%
Q4 25
20.1%
Q3 25
12.3%
22.7%
Q2 25
11.1%
19.4%
Q1 25
20.1%
Q4 24
20.1%
Q3 24
11.4%
18.1%
Q2 24
22.6%
Net Margin
FUL
FUL
PNR
PNR
Q1 26
16.6%
Q4 25
16.3%
Q3 25
7.5%
18.0%
Q2 25
4.7%
13.2%
Q1 25
15.3%
Q4 24
17.1%
Q3 24
6.0%
14.1%
Q2 24
16.9%
EPS (diluted)
FUL
FUL
PNR
PNR
Q1 26
Q4 25
$1.01
Q3 25
$1.22
$1.12
Q2 25
$0.76
$0.90
Q1 25
$0.93
Q4 24
$0.99
Q3 24
$0.98
$0.84
Q2 24
$1.11

Balance Sheet & Financial Strength

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

Metric
FUL
FUL
PNR
PNR
Cash + ST InvestmentsLiquidity on hand
$122.5M
$67.7M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$2.0B
$3.8B
Total Assets
$5.2B
$7.1B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUL
FUL
PNR
PNR
Q1 26
$67.7M
Q4 25
Q3 25
$122.5M
$128.4M
Q2 25
$96.8M
$143.0M
Q1 25
$140.6M
Q4 24
$118.7M
Q3 24
$131.4M
$218.1M
Q2 24
$214.3M
Total Debt
FUL
FUL
PNR
PNR
Q1 26
$1.9B
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.4B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
Q2 24
$1.8B
Stockholders' Equity
FUL
FUL
PNR
PNR
Q1 26
$3.8B
Q4 25
$3.9B
Q3 25
$2.0B
$3.8B
Q2 25
$1.9B
$3.7B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$1.8B
$3.5B
Q2 24
$3.4B
Total Assets
FUL
FUL
PNR
PNR
Q1 26
$7.1B
Q4 25
$6.9B
Q3 25
$5.2B
$6.8B
Q2 25
$5.1B
$6.5B
Q1 25
$6.7B
Q4 24
$6.4B
Q3 24
$5.0B
$6.5B
Q2 24
$6.5B
Debt / Equity
FUL
FUL
PNR
PNR
Q1 26
0.51×
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.38×
Q1 25
0.51×
Q4 24
0.46×
Q3 24
Q2 24
0.51×

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
PNR
PNR
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$68.9M
$-85.7M
FCF MarginFCF / Revenue
7.7%
-8.3%
Capex IntensityCapex / Revenue
3.4%
1.8%
Cash ConversionOCF / Net Profit
1.47×
TTM Free Cash FlowTrailing 4 quarters
$716.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUL
FUL
PNR
PNR
Q1 26
Q4 25
$50.8M
Q3 25
$99.0M
$196.3M
Q2 25
$606.6M
Q1 25
$-38.9M
Q4 24
$86.5M
Q3 24
$169.4M
$248.6M
Q2 24
$539.2M
Free Cash Flow
FUL
FUL
PNR
PNR
Q1 26
$-85.7M
Q4 25
$27.1M
Q3 25
$68.9M
$178.9M
Q2 25
$595.7M
Q1 25
$-55.7M
Q4 24
$63.8M
Q3 24
$99.9M
$233.2M
Q2 24
$522.2M
FCF Margin
FUL
FUL
PNR
PNR
Q1 26
-8.3%
Q4 25
2.7%
Q3 25
7.7%
17.5%
Q2 25
53.0%
Q1 25
-5.5%
Q4 24
6.6%
Q3 24
10.9%
23.5%
Q2 24
47.5%
Capex Intensity
FUL
FUL
PNR
PNR
Q1 26
1.8%
Q4 25
2.3%
Q3 25
3.4%
1.7%
Q2 25
1.0%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
7.6%
1.6%
Q2 24
1.5%
Cash Conversion
FUL
FUL
PNR
PNR
Q1 26
Q4 25
0.31×
Q3 25
1.47×
1.07×
Q2 25
4.08×
Q1 25
-0.25×
Q4 24
0.52×
Q3 24
3.06×
1.78×
Q2 24
2.90×

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%

PNR
PNR

Water Solutions$391.0M38%
Pool$387.1M37%
Flow$258.1M25%

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