Ferguson Enterprises Inc. /DE/ FERG

Industrials SIC 5070 - Wholesale-Hardware & Plumbing & Heating Equipment & Supplies NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers derived NYSE

Ferguson is North America's largest value-added distributor of essential water and air solutions, serving the specialized professional in our $340 billion residential and non-residential construction markets. We help make our customers' complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, heating, ventilation and air conditioning ("HVAC"), appliances, and lighting to pipes, valves and fittings ("PVF"), water and wastewater solutions and more. We sell through a common network of distribution centers, branches, counter service and expert sales associates, showroom consultants and e-commerce channels.

The Company has a long history and maintained businesses throughout Europe, Canada and the United States in the 1900s. In the early 2000s, the Company's focus shifted to attractive North American markets. As a result, the operating businesses across Europe were disposed of through various transactions. As part of this transition, and following a corporate restructuring, Ferguson Enterprises Inc. became the ultimate parent company for the business in August 2024.

Last close 226.86 2026-10-23
Market cap $43.89B 2026-06-30 share count
52-week range 212.13 - 271.64

Valuation FY2025 figures against the last close

P/S1.4x
P/E24.3x
P/FCF27.4x
EV/EBITDA15.9x
Dividend yield1.1%
Diluted EPS9.32

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • United States
  • Canada
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 29.3B (95.1%) 95% United States Canada, FY2025: 1.5B (4.9%) 5% Canada FY2024 United States, FY2024: 28.2B (95.1%) 95% Canada, FY2024: 1.4B (4.9%) 5% FY2023 United States, FY2023: 28.3B (95.1%) 95% Canada, FY2023: 1.4B (4.9%) 5%
Segment FY2025FY2024FY2023
United States $29.27B $28.20B $28.29B
Canada $1.49B $1.44B $1.44B

As the company reported it, from the “Segment and net sales information - Items not Allocated (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $30.76B$29.64B$29.73B$28.57B—
Cost of revenue $21.33B$20.58B$20.71B$19.81B—
Gross profit $9.44B$9.05B$9.03B$8.76B—
SG&A $6.38B$6.04B$5.92B$5.63B—
Operating income $2.61B$2.65B$2.66B$2.82B—
Interest expense $190.0M$179.0M$184.0M$111.0M—
Pre-tax income $2.42B$2.46B$2.46B$2.71B—
Income tax $567.0M$729.0M$575.0M$609.0M—
Net income $1.86B$1.74B$1.89B$2.12B—
EPS, basic 9.338.559.159.75—
EPS, diluted 9.328.539.129.69—
Shares, diluted (wtd. avg.) 199.2M203.5M207.2M218.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $674.0M$571.0M$601.0M$771.0M—
Receivables $3.96B$3.60B$3.60B——
Inventory $4.49B$4.19B$3.90B——
Total current assets $10.15B$9.41B$9.08B——
Property, plant and equipment $1.85B$1.75B$1.59B——
Goodwill $2.46B$2.36B$2.24B$2.05B—
Other intangibles $726.0M$753.0M$783.0M——
Total assets $17.73B$16.57B$15.99B——
Accounts payable $3.58B$3.41B$3.41B——
Short-term debt $400.0M$150.0M$55.0M——
Total current liabilities $6.03B$5.22B$5.43B——
Long-term debt $3.75B$3.77B$3.71B——
Total liabilities $11.90B$10.96B$10.96B——
Retained earnings $6.78B$9.59B$8.56B——
Total equity $5.83B$5.62B$5.04B$4.67B$5.00B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $1.91B$1.87B$2.72B$1.15B—
Depreciation and amortisation $373.0M$335.0M$321.0M$301.0M—
Stock-based compensation $28.0M$49.0M$51.0M$57.0M—
Capital expenditure $305.0M$372.0M$441.0M$290.0M—
Investing cash flow -$543.0M-$601.0M-$1.05B-$922.0M—
Financing cash flow -$1.29B-$1.31B-$1.81B-$744.0M—
Dividends paid $489.0M$784.0M$711.0M$538.0M—
Buybacks $948.0M$634.0M$908.0M$1.54B—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002011641-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2022: 28.6B Gross profit, FY2022: 8.8B Net income, FY2022: 2.1B Revenue, FY2023: 29.7B Gross profit, FY2023: 9B Net income, FY2023: 1.9B Revenue, FY2024: 29.6B Gross profit, FY2024: 9.1B Net income, FY2024: 1.7B Revenue, FY2025: 30.8B Gross profit, FY2025: 9.4B Net income, FY2025: 1.9B FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $28.57B $29.73B $29.64B $30.76B
Gross profit — $8.76B $9.03B $9.05B $9.44B
Net income — $2.12B $1.89B $1.74B $1.86B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Annual report filed Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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