Ferguson Enterprises Inc. /DE/FERG
Ferguson Enterprises Inc. /DE/ Financial Overview 2024–2025
Updated Jul 10, 2026Ferguson Enterprises is flexing serious pricing power, driving a 20.7% increase in operating profit to $612 million during Q1 2026 despite a drop in physical sales volumes. By prioritizing cost efficiency and capital returns over raw volume expansion, the distributor is successfully expanding margins within a mixed building-materials market.
The company has consistently extracted more value from its operations over the last two years. Revenue grew from $29.6 billion in FY2024 to $30.8 billion in FY2025, fueled by acquisitions and an 11% growth in U.S. non-residential projects like waterworks. Ferguson translated this top-line stability into bottom-line efficiency, expanding its gross profit margin to 31.0% and lowering SG&A expenses to 21.5% of sales by Q1 2026. Management paired this operational leverage with aggressive shareholder returns, executing $948 million in share repurchases during FY2025 and authorizing a new $2.0 billion repurchase program in early 2026.
At the close of FY2025 on July 31, 2025, the stock traded at 24.0x earnings, supported by a share price of $223.33 and diluted EPS of $9.32. Following a corporate calendar shift, shares ended the newly established fiscal period on December 31, 2025 at $222.63, maintaining a steady 23.9x P/E ratio.
Recent Developments (Q2 and Q3 2026)
Ferguson navigated its corporate calendar shift with sustained momentum, generating $12.8 billion in net sales—a 4.5% increase—during the five-month transition period ending December 31, 2025. Driven by acquisitions and inflation, diluted EPS surged 26.5% to $4.01. The company maintained this trajectory in the quarter ending March 31, 2026, lifting net income 20.0% to $414 million on $7.47 billion in net sales. In May 2026, shareholders elected all eleven director nominees and approved transition-phase executive compensation.
Bulls favor the distributor’s robust liquidity, highlighted by $820 million in cash and $2.4 billion in available credit, securing continued capital deployment. Bears remain cautious over a 1% decline in the residential segment caused by softer housing starts, especially as the stock valuation climbed to 27.1x earnings at a price of $252.81 on May 5, 2026.
What to watch: working capital investments impacting operating cash flows; residential repair and maintenance activity trends.
Rev
$30.76B
FY2025
NI
$1.86B
FY2025
EPS
$9.33
FY2025
OCF
$1.91B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All FERG Financial Metrics(54)
Income Statement
Balance Sheet
Cash Flow
Recent SEC Filings
Ferguson Enterprises Inc. /DE/ 8-K Report, Regulation FD Disclosure (Jul 13, 2026)
Ferguson Enterprises Inc. /DE/ (FERG) announced on July 13, 2026, its entry into a definitive agreement to acquire FWI Holdings, Inc. This strategic move is expected to enhance Ferguson's market position and expand its operational capabilities. The company has furnished a press release detailing this acquisition, which investors should review for comprehensive information regarding the transaction's terms and implications. While specific financial details of the acquisition were not fully disclosed in this 8-K filing, the agreement signals Ferguson's commitment to growth and inorganic expansion. Investors should anticipate further information regarding the integration of FWI Holdings and its potential impact on Ferguson's future financial performance, including revenue synergies and operational efficiencies, in subsequent filings or investor communications.
Ferguson Enterprises Inc. /DE/ 8-K Report, Financial Results (May 5, 2026)
Ferguson Enterprises Inc. (FERG) has filed an 8-K report on May 5, 2026, to announce its financial results for the quarter ended March 31, 2026. The primary purpose of this filing is to furnish a press release containing these results, which is incorporated by reference. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance information, as the 8-K itself does not contain the specific figures but directs readers to the separate announcement. This filing serves as an update on the company's operational and financial condition for the most recent fiscal quarter. While the 8-K does not provide the actual results, the furnished press release is expected to contain key metrics such as revenue, earnings per share, and any significant business developments or outlook that occurred during the quarter. Investors are advised to review Exhibit 99.1 for a comprehensive understanding of Ferguson's performance and its implications for the company's future.
Ferguson Enterprises Inc. /DE/ 8-K Report, Shareholder Vote Results (May 4, 2026)
Ferguson Enterprises Inc. (FERG) filed an 8-K report detailing the outcomes of its 2026 annual meeting of stockholders held on April 30, 2026. The primary focus of the report is the shareholder voting results on key corporate governance and financial matters. All director nominees were elected, the appointment of Deloitte & Touche LLP as the independent auditor for fiscal year 2026 was ratified, and executive compensation for the recent transition period received advisory approval. These outcomes indicate continued shareholder confidence in the current board of directors and the company's financial oversight. The overwhelming support for the auditor ratification and the advisory approval of executive compensation suggest alignment between management and shareholders on these critical areas. Investors should note the strong majority in favor of all proposals as a positive signal regarding the company's governance practices.
Ferguson Enterprises Inc. /DE/ 8-K Report, Financial Results (Feb 24, 2026)
Ferguson Enterprises Inc. (FERG) filed an 8-K on February 24, 2026, to announce its financial results for the period ended December 31, 2025. While the filing itself is procedural, it incorporates a press release (Exhibit 99.1) that contains the actual financial and operational details investors will want to examine. This press release serves as the primary source of information regarding the company's performance during the reported quarter and year-to-date. Investors should review the furnished press release to understand key metrics such as revenue, profitability, segment performance, and any forward-looking guidance provided by Ferguson. The 8-K's purpose is to make this information publicly available through SEC channels, ensuring transparency. It's important to note that the information in the press release is furnished, not officially 'filed,' meaning it doesn't carry the same liability under Section 18 of the Exchange Act, though it remains material non-public information until disclosed.
Ferguson Enterprises Inc. /DE/ 8-K Report, Financial Results (Dec 9, 2025)
Ferguson Enterprises Inc. /DE/ (FERG) has filed a Form 8-K to report its financial results for the quarter ended October 31, 2025. The report primarily incorporates by reference a press release issued on December 9, 2025, which details the company's performance during the period. Investors should refer to this press release for specific financial figures, including revenue, profitability, and any forward-looking statements. While this 8-K filing itself does not contain the detailed financial statements, it serves as the official notification that these results have been made public. The furnished press release is the key document for understanding the company's operational and financial condition as of the end of the third fiscal quarter. Investors are encouraged to review the full press release for a comprehensive understanding of Ferguson's performance and outlook.
View all 8-K filings →