Ferguson Enterprises Financials
Ferguson Enterprises (FERG) reported $30.8B in revenue for fiscal year 2025, up 3.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
In Ferguson's thin-margin distribution model, working capital swings matter more for cash than capital spending.
From FY2023 to FY2025, inventory plus receivables increased by nearly$1.0B while revenue added only about$1.0B , so incremental sales absorbed cash instead of releasing it. That helps explain why operating cash flow was$1.9B in FY2025 rather than repeating FY2023's$2.7B , even though profitability stayed broadly similar.
The income statement shows stable product economics but heavier operating cost absorption: gross margin held near
Returns come from turnover more than margin: FY2025 generated
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ferguson Enterprises's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Ferguson Enterprises has an operating margin of 8.5%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is down from 8.9% the prior year.
Ferguson Enterprises's revenue grew a modest 3.8% year-over-year to $30.8B. This slow but positive growth earns a score of 37/100.
Ferguson Enterprises has a moderate D/E ratio of 0.66. This balance of debt and equity financing earns a leverage score of 45/100.
Ferguson Enterprises's current ratio of 1.68 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
Ferguson Enterprises has a free cash flow margin of 5.2%, earning a moderate score of 51/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ferguson Enterprises earns a strong 32.4% return on equity (ROE), meaning it generates $32 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 94/100. This is up from 30.9% the prior year.
Ferguson Enterprises scores 5.42, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Ferguson Enterprises passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Ferguson Enterprises generates $1.03 in operating cash flow ($1.9B OCF vs $1.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Ferguson Enterprises earns $13.72 in operating income for every $1 of interest expense ($2.6B vs $190.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Ferguson Enterprises generated $30.8B in revenue in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Ferguson Enterprises's EBITDA was $3.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.3% from the prior year.
Ferguson Enterprises reported $1.9B in net income in fiscal year 2025. This represents an increase of 7.0% from the prior year.
Ferguson Enterprises earned $9.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.3% from the prior year.
Cash & Balance Sheet
Ferguson Enterprises generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 6.8% from the prior year.
Ferguson Enterprises held $674.0M in cash against $3.8B in long-term debt as of fiscal year 2025.
Ferguson Enterprises paid $3.28 per share in dividends in fiscal year 2025. This represents an increase of 5.1% from the prior year.
Margins & Returns
Ferguson Enterprises's gross margin was 30.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
Ferguson Enterprises's operating margin was 8.5% in fiscal year 2025, reflecting core business profitability. This is down 0.5 percentage points from the prior year.
Ferguson Enterprises's net profit margin was 6.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Ferguson Enterprises's ROE was 32.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.
Capital Allocation
Ferguson Enterprises spent $948.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 49.5% from the prior year.
Ferguson Enterprises invested $305.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 18.0% from the prior year.
Not reported for fiscal year 2025.
FERG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | N/A | $30.8B+3.8% | $29.6B-0.3% | $29.7B+4.1% | $28.6B |
| Cost of Revenue | N/A | $21.3B+3.6% | $20.6B-0.6% | $20.7B+4.5% | $19.8B |
| Gross Profit | N/A | $9.4B+4.2% | $9.1B+0.3% | $9.0B+3.1% | $8.8B |
| SG&A Expenses | N/A | $6.4B+5.6% | $6.0B+2.0% | $5.9B+5.1% | $5.6B |
| Operating Income | N/A | $2.6B-1.7% | $2.7B-0.3% | $2.7B-5.7% | $2.8B |
| Interest Expense | N/A | -$190.0M-206.1% | $179.0M-2.7% | $184.0M+65.8% | $111.0M |
| Income Tax | N/A | $567.0M-22.2% | $729.0M+26.8% | $575.0M-5.6% | $609.0M |
| Net Income | N/A | $1.9B+7.0% | $1.7B-8.2% | $1.9B-11.0% | $2.1B |
| EPS (Diluted) | — | $9.32+9.3% | $8.53-6.5% | $9.12-5.9% | $9.69 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q1 FY2026 through Q4 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FERG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $17.7B+7.0% | $16.6B+3.6% | $16.0B | N/A |
| Current Assets | $10.1B+7.8% | $9.4B+3.7% | $9.1B | N/A |
| Cash & Equivalents | $674.0M+18.0% | $571.0M-5.0% | $601.0M-22.0% | $771.0M |
| Inventory | $4.5B+7.3% | $4.2B+7.4% | $3.9B | N/A |
| Accounts Receivable | $4.0B+10.0% | $3.6B+0.1% | $3.6B | N/A |
| Goodwill | $2.5B+4.5% | $2.4B+5.2% | $2.2B+9.4% | $2.0B |
| Total Liabilities | $11.9B+8.6% | $11.0B0.0% | $11.0B | N/A |
| Current Liabilities | $6.0B+15.6% | $5.2B-3.9% | $5.4B | N/A |
| Long-Term Debt | $3.8B-0.6% | $3.8B+1.7% | $3.7B | N/A |
| Total Equity | $5.7B+2.0% | $5.6B+11.5% | $5.0B+8.0% | $4.7B |
| Retained Earnings | $6.8B-29.3% | $9.6B+12.1% | $8.6B | N/A |
FERG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.6B | $1.9B+1.9% | $1.9B-31.2% | $2.7B+137.0% | $1.1B |
| Capital Expenditures | $419.0M | $305.0M-18.0% | $372.0M-15.6% | $441.0M+52.1% | $290.0M |
| Free Cash Flow | $1.2B | $1.6B+6.8% | $1.5B-34.2% | $2.3B+165.7% | $859.0M |
| Investing Cash Flow | -$964.0M | -$543.0M+9.7% | -$601.0M+43.0% | -$1.1B-14.3% | -$922.0M |
| Financing Cash Flow | -$840.0M | -$1.3B+2.1% | -$1.3B+27.3% | -$1.8B-142.9% | -$744.0M |
| Dividends Paid | $673.0M | $489.0M-37.6% | $784.0M+10.3% | $711.0M+32.2% | $538.0M |
| Share Buybacks | $845.0M | $948.0M+49.5% | $634.0M-30.2% | $908.0M-41.2% | $1.5B |
TTM is the trailing twelve months, Q1 FY2026 through Q4 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FERG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 30.7%+0.1pp | 30.6%+0.2pp | 30.3%-0.3pp | 30.6% |
| Operating Margin | 8.5%-0.5pp | 8.9%0.0pp | 8.9%-0.9pp | 9.9% |
| Net Margin | 6.0%+0.2pp | 5.9%-0.5pp | 6.3%-1.1pp | 7.4% |
| Return on Equity | 32.4%+1.5pp | 30.9%-6.6pp | 37.5%-8.0pp | 45.5% |
| Return on Assets | 10.5%0.0pp | 10.5%-1.3pp | 11.8% | N/A |
| Current Ratio | 1.68-0.1x | 1.80+0.1x | 1.67 | N/A |
| Debt-to-Equity | 0.660.0x | 0.67-0.1x | 0.74 | N/A |
| FCF Margin | 5.2%+0.2pp | 5.1%-2.6pp | 7.7%+4.7pp | 3.0% |
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Where Ferguson Enterprises Ranks
Frequently Asked Questions
What is Ferguson Enterprises's annual revenue?
Ferguson Enterprises (FERG) reported $30.8B in total revenue for fiscal year 2025. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ferguson Enterprises's revenue growing?
Ferguson Enterprises (FERG) revenue grew by 3.8% year-over-year, from $29.6B to $30.8B in fiscal year 2025.
Is Ferguson Enterprises profitable?
Yes, Ferguson Enterprises (FERG) reported a net income of $1.9B in fiscal year 2025, with a net profit margin of 6.0%.
What is Ferguson Enterprises's EBITDA?
Ferguson Enterprises (FERG) had EBITDA of $3.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ferguson Enterprises have?
As of fiscal year 2025, Ferguson Enterprises (FERG) had $674.0M in cash and equivalents against $3.8B in long-term debt.
What is Ferguson Enterprises's gross margin?
Ferguson Enterprises (FERG) had a gross margin of 30.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ferguson Enterprises's operating margin?
Ferguson Enterprises (FERG) had an operating margin of 8.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Ferguson Enterprises's net profit margin?
Ferguson Enterprises (FERG) had a net profit margin of 6.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ferguson Enterprises pay dividends?
Yes, Ferguson Enterprises (FERG) paid $3.28 per share in dividends during fiscal year 2025.
What is Ferguson Enterprises's return on equity (ROE)?
Ferguson Enterprises (FERG) has a return on equity of 32.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ferguson Enterprises's free cash flow?
Ferguson Enterprises (FERG) generated $1.6B in free cash flow during fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ferguson Enterprises's operating cash flow?
Ferguson Enterprises (FERG) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ferguson Enterprises's total assets?
Ferguson Enterprises (FERG) had $17.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ferguson Enterprises's capital expenditures?
Ferguson Enterprises (FERG) invested $305.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ferguson Enterprises's current ratio?
Ferguson Enterprises (FERG) had a current ratio of 1.68 as of fiscal year 2025, which is generally considered healthy.
What is Ferguson Enterprises's debt-to-equity ratio?
Ferguson Enterprises (FERG) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ferguson Enterprises's return on assets (ROA)?
Ferguson Enterprises (FERG) had a return on assets of 10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ferguson Enterprises's Altman Z-Score?
Ferguson Enterprises (FERG) has an Altman Z-Score of 5.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Ferguson Enterprises's Piotroski F-Score?
Ferguson Enterprises (FERG) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ferguson Enterprises's earnings high quality?
Ferguson Enterprises (FERG) has an earnings quality ratio of 1.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ferguson Enterprises cover its interest payments?
Ferguson Enterprises (FERG) has an interest coverage ratio of 13.72x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ferguson Enterprises?
Ferguson Enterprises (FERG) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.