NYSE: FERG
Ferguson Enterprises
Industrials · Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$45.9B
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| Period | Market cap |
|---|---|
| FY2022, ended Jul 31, 2022 | $27.6B |
| FY2023, ended Jul 31, 2023 | $33.5B |
| FY2024, ended Jul 31, 2024 | $44.7B |
| FY2025, ended Jul 31, 2025 | $43.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $45.9B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$32.0B
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| Period | Revenue |
|---|---|
| FY2022, ended Jul 31, 2022 | $28.6B |
| FY2023, ended Jul 31, 2023 | $29.7B |
| FY2024, ended Jul 31, 2024 | $29.6B |
| FY2025, ended Jul 31, 2025 | $30.8B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $32.0B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2022, ended Jul 31, 2022 | $2.12B | $859M |
| FY2023, ended Jul 31, 2023 | $1.89B | $2.28B |
| FY2024, ended Jul 31, 2024 | $1.74B | $1.50B |
| FY2025, ended Jul 31, 2025 | $1.86B | $1.60B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.11B | — |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$437M
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| Period | Cash and cash equivalents |
|---|---|
| FY2022, ended Jul 31, 2022 | $771M |
| FY2023, ended Jul 31, 2023 | $601M |
| FY2024, ended Jul 31, 2024 | $571M |
| FY2025, ended Jul 31, 2025 | $674M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $437M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$4.90B
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| Period | Total debt |
|---|---|
| FY2022, ended Jul 31, 2022 | — |
| FY2023, ended Jul 31, 2023 | $3.77B |
| FY2024, ended Jul 31, 2024 | $3.95B |
| FY2025, ended Jul 31, 2025 | $4.17B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $4.90B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 11.6% since 2022.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.193M
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| Period | Shares outstanding |
|---|---|
| FY2022, ended Jul 31, 2022 | 219M |
| FY2023, ended Jul 31, 2023 | 207M |
| FY2024, ended Jul 31, 2024 | 201M |
| FY2025, ended Jul 31, 2025 | 196M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 193M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: —
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2022, ended Jul 31, 2022 | $1.54B | $57.0M |
| FY2023, ended Jul 31, 2023 | $908M | $51.0M |
| FY2024, ended Jul 31, 2024 | $634M | $49.0M |
| FY2025, ended Jul 31, 2025 | $948M | $28.0M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | — | — |
Revenue (TTM)
$32.0B
—
Net income (TTM)
$2.11B
—
Cash
$437M
—
Total debt
$4.90B
—
Valuation
At current price- Market Cap
- $46.2B
- P/E
- 21.9×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.4×
- Price / Book
- 7.4×
- EV / EBITDA
- 15.2×
Growth
Trailing 12 months- Revenue (TTM)
- $32.0B
- Revenue Growth YoY
- —. TTM vs. TTM a year earlier
- Revenue CAGR 3Y
- 2.5%
- Revenue CAGR 5Y
- —. Compound annual growth over the last 5 fiscal years
- EPS Growth YoY
- —. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- —. TTM vs. TTM a year earlier
Profitability
Trailing 12 months- Gross Margin
- 31.0%
- Operating Margin
- 9.2%
- Net Margin
- 6.6%
- FCF Margin
- —. Free cash flow / revenue
- Return on Equity
- 34.0%
Earnings
Trailing 12 months- Net Income
- $2.11B
- EPS (diluted)
- $10.78
- EBITDA
- $3.33B
- Operating Income
- $2.94B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $437M
- Total Debt
- $4.90B
- Net Debt
- $4.47B
- Total Assets
- $19.3B
- Total Liabilities
- $13.1B
- Shareholders' Equity
- $6.20B
Cash Flow
Trailing 12 months- Operating Cash Flow
- —
- Capital Expenditure
- —
- Free Cash Flow
- —. Operating cash flow − capital expenditure
Dividends and risk
Last 12 months- Dividend Yield
- 1.5%
- Dividend / Share
- $3.56
- Beta (5Y)
- 1.14
Every ratio is calculated from the company’s reported figures.
Note
Net margin of 6.6% over the last 12 months.
Note
Net debt of $4.47B is 1.3× EBITDA, a manageable load.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-KT for the fiscal year ended Dec 31, 2025 · filed Feb 27, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K65Mildly positive
10-K for the fiscal year ended Jul 31, 2025
Filed Sep 26, 2025 · Read the filing on EDGAR
- Sales rose 3.8% to $30.8B, helped by higher volumes and acquisitions. US non-residential sales grew 6.8% and residential sales grew 0.9%.
- Operating profit slipped 1.7% to $2.61B, mainly because of $80M in restructuring costs. Net income rose 7% because last year included a one-time $137M tax charge.
- Share buybacks rose to $948M. Debt went up to $4.2B, and Ferguson issued $750M of new notes after year-end.
- New US tariffs are now discussed as a specific risk, and the company is cutting staff to streamline operations.
Business momentum
Improving
“For fiscal 2025, net sales increased by 3.8%, primarily due to higher sales volume and incremental sales from acquisitions, partially offset by the impact of one less sales day in fiscal 2025 than in fiscal 2024.”
Outlook
Neutral
Financial stress
Low
“In addition to cash, the Company had $2.0 billion of available liquidity from undrawn debt facilities as of July 31, 2025.”
Tone against the previous report
More positive
Red flags
- Minor
Other
“As a result of these actions, the Company recorded non-recurring business restructuring expenses of $73 million.”
Positives
Strong growth in non-residential sales
“Net sales growth in the non-residential markets was 6.8% due to growth in each of Commercial, Civil/Infrastructure and Industrial.”
Gross margin improved
“Gross profit as a percent of sales was 30.7% in fiscal 2025 compared with 30.5% in the prior year.”
Earnings per share up 9.3%
“For fiscal 2025, diluted earnings per share was $9.32 (adjusted diluted earnings per share: $9.94), increasing 9.3% compared with the prior year”
Concerns
Operating costs growing faster than sales
“SG&A expenses in fiscal 2025 increased $338 million, or 5.6%, compared with fiscal 2024.”
Operating profit fell despite higher sales
“For fiscal 2025, operating profit decreased 1.7% (adjusted operating profit increased 0.6%) compared to fiscal 2024.”
Debt rising while buybacks increase
“Share repurchases under the Company’s announced share repurchase program were $948 million and $634 million in fiscal 2025 and 2024, respectively.”
New risks since the previous report
New US tariffs could raise product costs and reduce customer demand
“If these tariffs are fully implemented and we are unable to pass on the costs of these tariffs to our customers, our gross profits will be reduced.”
Headcount cuts could hurt customer service
“Moreover, as we manage our cost base and resource allocation, our total number of associates may decrease due to natural attrition, decisions not to backfill open positions, or targeted headcount reductions.”
Generative AI pilots increase cybersecurity and data risks
“the implementation of pilot programs integrating generative AI into both our internal and external-facing systems may intensify our cybersecurity, privacy and data security risks”
Regulatory uncertainty from new administration policies
“since taking office, the current administration has sought to adopt new regulations and policies and to suspend, revise or rescind prior policies”
Biggest risks named
- Slowdown in US residential and non-residential construction
- Tariffs and trade restrictions raising costs
- Commodity price deflation squeezing margins
- Competition, including suppliers selling direct to customers
- Wage and cost inflation
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −0.9 | |
| New risks | −2 | |
| Score | 65 | |
Written by AI (Claude Opus 5.5) from the report’s text. 13 of 13 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-KT | Feb 27, 2026 | Pro | |||
| 10-K | Sep 26, 2025 | 65 | Improving | 1 minor | |
| 10-K | Sep 25, 2024 | 51 | Weakening | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 10, 2026. View filings on SEC EDGAR