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, Corporate Update (Aug 14, 2026)
Ferguson Enterprises Inc. announced on August 14, 2026, the successful completion of a significant public offering, raising a total of $1.2 billion through the issuance of senior notes. This offering comprises $700 million in 4.800% Senior Notes due 2029 and $500 million in 5.600% Senior Notes due 2036. The notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary. This debt issuance, structured under an indenture with The Bank of New York Mellon as trustee, provides Ferguson Enterprises with substantial capital. The indenture includes customary covenants that limit the company's and guarantor's ability to incur secured debt and restrict mergers or consolidations, while also outlining standard events of default. Investors should note that the company retains the option to redeem these notes under specified terms. The offering was made under an effective shelf registration statement.
Ferguson Enterprises Inc. /DE/ 8-K Report, Material Agreement (Aug 11, 2026)
Ferguson Enterprises Inc. has entered into two significant credit agreements on August 11, 2026, to finance its previously disclosed acquisition of FWI Holdings, Inc. The company has secured a $700 million bridge term loan facility and a $900 million term loan facility. Both facilities are unsecured and provided by JPMorgan Chase Bank, N.A., as administrative agent, with Ferguson UK Holdings Limited acting as guarantor. The primary purpose of these agreements is to provide funding for the FloWorks Acquisition should alternative financing not be secured in time.
Ferguson Enterprises Inc. /DE/ 8-K Report, Financial Results (Aug 10, 2026)
Ferguson Enterprises Inc. (FERG) filed an 8-K on August 10, 2026, to report its financial results for the fiscal quarter ended June 30, 2026. The key information is contained within the furnished press release (Exhibit 99.1), which provides an update on the company's operational and financial performance. Investors should review this press release for details on revenue, profitability, and any significant business developments during the quarter. While the 8-K itself is a brief filing, it serves as the official notification for the release of the detailed financial results. The furnished press release is the primary source for understanding the company's performance and outlook, and it is incorporated by reference into this filing. Investors are advised to consult Exhibit 99.1 for specific figures and management commentary.
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.
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