Here are the 10-K annual reports from Ferguson Enterprises Inc. (FERG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FERG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FERG filings page.
Ferguson Enterprises Inc. reported fiscal 2025 results showing modest top-line growth and mixed profit metrics. Net sales rose 3.8% driven by higher volume and acquisitions, partly offset by one fewer sales day and slight commodity deflation. Operating profit decreased 1.7% while adjusted operating profit rose 0.6%, reflecting an $80 million charge for non-recurring restructuring expenses. Diluted earnings per share were $9.32 and adjusted diluted EPS $9.94, with EPS up 9.3% year‑over‑year and adjusted EPS up 2.6%, aided by prior-year non-cash tax charges and share repurchases.
The company generated $1.9 billion of operating cash flow (up 1.9%), invested $301 million in acquisitions and $305 million in capex, and held $2.0 billion of available liquidity with $4.2 billion of total debt. The auditor, Deloitte & Touche LLP, issued an unqualified opinion but identified the inventory reserve as a critical audit matter. Management concluded internal controls were effective and no goodwill impairments were recorded.