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

PARSONS CORP 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 3.5%, a 4.0% gap on every dollar of revenue. On growth, PARSONS CORP posted the faster year-over-year revenue change (3.0% vs -2.8%). Over the past eight quarters, FULLER H B CO's revenue compounded faster (5.0% CAGR vs -5.5%).

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...

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.

FUL vs PSN — Head-to-Head

Bigger by revenue
PSN
PSN
1.7× larger
PSN
$1.5B
$892.0M
FUL
Growing faster (revenue YoY)
PSN
PSN
+5.8% gap
PSN
3.0%
-2.8%
FUL
Higher net margin
FUL
FUL
4.0% more per $
FUL
7.5%
3.5%
PSN
Faster 2-yr revenue CAGR
FUL
FUL
Annualised
FUL
5.0%
-5.5%
PSN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FUL
FUL
PSN
PSN
Revenue
$892.0M
$1.5B
Net Profit
$67.2M
$52.9M
Gross Margin
32.0%
Operating Margin
12.3%
6.4%
Net Margin
7.5%
3.5%
Revenue YoY
-2.8%
3.0%
Net Profit YoY
21.3%
-20.1%
EPS (diluted)
$1.22
$0.49

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
PSN
PSN
Q1 26
$1.5B
Q4 25
$1.6B
Q3 25
$892.0M
$1.6B
Q2 25
$898.1M
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$917.9M
$1.8B
Q2 24
$1.7B
Net Profit
FUL
FUL
PSN
PSN
Q1 26
$52.9M
Q4 25
$55.6M
Q3 25
$67.2M
$64.1M
Q2 25
$41.8M
$55.2M
Q1 25
$66.2M
Q4 24
$201.3M
Q3 24
$55.4M
$72.0M
Q2 24
$69.2M
Gross Margin
FUL
FUL
PSN
PSN
Q1 26
Q4 25
23.0%
Q3 25
32.0%
22.2%
Q2 25
31.9%
22.0%
Q1 25
22.8%
Q4 24
21.3%
Q3 24
30.0%
19.9%
Q2 24
21.0%
Operating Margin
FUL
FUL
PSN
PSN
Q1 26
6.4%
Q4 25
6.6%
Q3 25
12.3%
6.7%
Q2 25
11.1%
6.0%
Q1 25
7.0%
Q4 24
5.8%
Q3 24
11.4%
6.4%
Q2 24
6.7%
Net Margin
FUL
FUL
PSN
PSN
Q1 26
3.5%
Q4 25
3.5%
Q3 25
7.5%
4.0%
Q2 25
4.7%
3.5%
Q1 25
4.3%
Q4 24
11.6%
Q3 24
6.0%
4.0%
Q2 24
4.1%
EPS (diluted)
FUL
FUL
PSN
PSN
Q1 26
$0.49
Q4 25
$0.51
Q3 25
$1.22
$0.59
Q2 25
$0.76
$0.50
Q1 25
$0.60
Q4 24
$1.85
Q3 24
$0.98
$0.65
Q2 24
$0.63

Balance Sheet & Financial Strength

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

Metric
FUL
FUL
PSN
PSN
Cash + ST InvestmentsLiquidity on hand
$122.5M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$2.0B
$2.8B
Total Assets
$5.2B
$6.0B
Debt / EquityLower = less leverage
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FUL
FUL
PSN
PSN
Q1 26
Q4 25
$466.4M
Q3 25
$122.5M
$422.6M
Q2 25
$96.8M
$411.3M
Q1 25
$269.7M
Q4 24
$453.5M
Q3 24
$131.4M
$558.8M
Q2 24
$528.5M
Total Debt
FUL
FUL
PSN
PSN
Q1 26
$1.5B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$785.2M
Q4 24
$784.1M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FUL
FUL
PSN
PSN
Q1 26
$2.8B
Q4 25
$2.6B
Q3 25
$2.0B
$2.6B
Q2 25
$1.9B
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$1.8B
$2.3B
Q2 24
$2.2B
Total Assets
FUL
FUL
PSN
PSN
Q1 26
$6.0B
Q4 25
$5.8B
Q3 25
$5.2B
$5.7B
Q2 25
$5.1B
$5.7B
Q1 25
$5.4B
Q4 24
$5.5B
Q3 24
$5.0B
$5.4B
Q2 24
$5.2B
Debt / Equity
FUL
FUL
PSN
PSN
Q1 26
0.55×
Q4 25
0.47×
Q3 25
0.48×
Q2 25
0.49×
Q1 25
0.32×
Q4 24
0.32×
Q3 24
0.49×
Q2 24
0.56×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FUL
FUL
PSN
PSN
Q1 26
Q4 25
$167.5M
Q3 25
$99.0M
$162.8M
Q2 25
$159.8M
Q1 25
$-11.8M
Q4 24
$126.8M
Q3 24
$169.4M
$299.0M
Q2 24
$161.2M
Free Cash Flow
FUL
FUL
PSN
PSN
Q1 26
Q4 25
$135.6M
Q3 25
$68.9M
$149.7M
Q2 25
$150.4M
Q1 25
$-25.3M
Q4 24
$108.0M
Q3 24
$99.9M
$287.3M
Q2 24
$152.0M
FCF Margin
FUL
FUL
PSN
PSN
Q1 26
Q4 25
8.5%
Q3 25
7.7%
9.2%
Q2 25
9.5%
Q1 25
-1.6%
Q4 24
6.2%
Q3 24
10.9%
15.9%
Q2 24
9.1%
Capex Intensity
FUL
FUL
PSN
PSN
Q1 26
Q4 25
2.0%
Q3 25
3.4%
0.8%
Q2 25
0.6%
Q1 25
0.9%
Q4 24
1.1%
Q3 24
7.6%
0.6%
Q2 24
0.6%
Cash Conversion
FUL
FUL
PSN
PSN
Q1 26
Q4 25
3.01×
Q3 25
1.47×
2.54×
Q2 25
2.89×
Q1 25
-0.18×
Q4 24
0.63×
Q3 24
3.06×
4.16×
Q2 24
2.33×

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%

PSN
PSN

Segment breakdown not available.

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