Element Solutions
ESI · Specialty Chemicals
$33.21
0.3%H.B. Fuller
FUL · Specialty Chemicals
$49.61
2.5%The short version
- H.B. Fuller is the larger business, with $3.5B of revenue in fiscal 2025 against $2.6B for Element Solutions.
- Element Solutions grew revenue faster (3.8%, against −2.7%).
- Element Solutions turned more of its sales into free cash flow (8.9% FCF margin, against 3.5% FCF margin).
- Investors pay more for each dollar of Element Solutions’s earnings: a P/E of 39.1x against 13.8x for H.B. Fuller.
| Latest fiscal year | ESI · FY25 | FUL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.1B | $2.7B |
| Revenue | $2.6B | $3.5B |
| Free cash flow | $228M | $121M |
| Net income | $191M | $152M |
| Growth | ||
| Revenue growth | 3.8% | −2.7% |
| 5-year growth | 6.6% | 4.5% |
| Share count change | −0.1% | −2.3% |
| Profitability | ||
| Gross margin | 42.0% | 31.1% |
| Operating margin | 13.4% | — |
| Net margin | 7.5% | 4.4% |
| FCF margin | 8.9% | 3.5% |
| Return on capital | 6.5% | 6.3% |
| Return on equity | 7.6% | 7.9% |
| Balance sheet | ||
| Net debt | $1.0B | $1.9B |
| Net debt / EBITDA | 2.1x | 3.6x |
| Dividends and buybacks | $103M | $111M |
| Valuation & quality | ||
| P/E | 39.1x | 13.8x |
| Piotroski F-score | 7 | 7 |
FY16
ESI $1.8B
FUL $2.1B
FY17
ESI $1.9B
FUL $2.3B
FY18
ESI $2.0B
FUL $3.0B
FY19
ESI $1.8B
FUL $2.9B
FY20
ESI $1.9B
FUL $2.8B
FY21
ESI $2.4B
FUL $3.3B
FY22
ESI $2.5B
FUL $3.7B
FY23
ESI $2.3B
FUL $3.5B
FY24
ESI $2.5B
FUL $3.6B
FY25
ESI $2.6B
FUL $3.5B
ESI
FUL
FY16
ESI 5.1%
FUL 9.5%
FY17
ESI 10.7%
FUL 5.2%
FY18
ESI 12.7%
FUL 7.8%
FY19
ESI 13.6%
FUL 7.8%
FY20
ESI 12.6%
FUL 7.8%
FY21
ESI 12.5%
FUL 7.7%
FY22
ESI 12.8%
FUL 8.6%
FY23
ESI 7.4%
FUL 10.1%
FY24
ESI 14.0%
FUL 9.8%
FY25
ESI 13.4%
FUL —
ESI
FUL
FY16
ESI $152M
FUL $132M
FY17
ESI $151M
FUL $111M
FY18
ESI −$29.2M
FUL $185M
FY19
ESI $141M
FUL $207M
FY20
ESI $247M
FUL $244M
FY21
ESI $280M
FUL $117M
FY22
ESI $248M
FUL $127M
FY23
ESI $281M
FUL $259M
FY24
ESI $294M
FUL $163M
FY25
ESI $228M
FUL $121M
ESI
FUL
FY16
ESI 1.0%
FUL 9.5%
FY17
ESI 2.0%
FUL 4.2%
FY18
ESI 2.5%
FUL 7.3%
FY19
ESI 2.6%
FUL 5.1%
FY20
ESI 6.2%
FUL 5.1%
FY21
ESI 6.3%
FUL 5.6%
FY22
ESI 5.5%
FUL 7.0%
FY23
ESI 3.9%
FUL 6.4%
FY24
ESI 7.4%
FUL 6.8%
FY25
ESI 6.5%
FUL 6.3%
ESI
FUL
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.