FirmAtlas
Company handbook · FERG · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
FERG · CIK 2011641 · LATEST FILING: 10-Q JUN '26 · FILED AUG 10, 2026
Ferguson Enterprises Inc.
$231.61
+2.85 (+1.25%)
Close, Oct 16, 2026 · 52-week $212–272
Last fiscal year
Ferguson Enterprises Inc. reported revenue of $30.8B for the year ended Jul 31, 2025 (FY25), up 3.8% from FY24. Net income was $1.9B, operating cash flow $1.9B and free cash flow $1.6B. Source: 10-K filed Sep 26, 2025.
Market cap
$46.1B
P/E
23.6
EV/EBITDA
16.8x
P/B
7.6
Div yield
1.54%
ROIC
21.2%
Revenue 1Y
3.8%/yr
EPS 1Y
9.3%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOKevin Murphy
HQNewport News, VA
AuditorDeloitte & Touche LLP
Employees35,000
Year endsDecember
Revenue by segment · FY25
United States95%
Canada5%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
15.4%
9.7%
12.1%
−1.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.1B deployed
Capex
$677M
16.5%
Acquisitions
$561M
13.7%
Dividends
$1.3B
31.1%
Buybacks
$1.6B
38.7%
Operating cash flow over the period: $3.8B. Total debt changed by +$475M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Jul 31, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Oct '25. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
29,635
30,762+3.8%
31,159
YoY
+3.8%
Gross profit
9,053
9,435+4.2%
9,601
Gross margin
30.5%
30.7%+0.1 pp
—
Operating income
2,652
2,606−1.7%
2,712
Operating margin
8.9%
8.5%−0.5 pp
—
EBITDA
2,987
2,979−0.3%
—
EBITDA margin
10.1%
9.7%−0.4 pp
—
Interest expense
179
189+5.6%
—
Interest coverage
16.69x
15.76x−0.93x
—
Net income
1,735
1,856+7.0%
1,956
YoY
+7.0%
Net margin
5.9%
6.0%+0.2 pp
—
EPS (diluted, $)
8.53
9.32+9.3%
9.86
YoY
+9.3%
Balance sheet
Total assets
16,572
17,729+7.0%
17,694
Cash & short-term investments
625
707+13.1%
—
Accounts receivable
3,602
3,964+10.0%
—
Inventory
4,188
4,492+7.3%
—
Net PP&E
1,752
1,846+5.4%
—
Other assets
6,405
6,720+4.9%
—
Total liabilities
10,956
11,897+8.6%
11,638
Accounts payable
3,410
3,577+4.9%
—
Total debt
4,100
4,575+11.6%
4,124
Other liabilities
3,446
3,745+8.7%
—
Shareholders’ equity
5,616
5,832+3.8%
6,056
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,873
1,908+1.9%
1,993
Net income
1,735
1,856+7.0%
—
Depreciation & amortization
335
373+11.3%
—
Stock-based compensation
49
28−42.9%
—
Working capital & other
(246)
(349)n/m
—
Cash from investing
(601)
(543)n/m
—
Capex
(372)
(305)n/m
—
Acquisitions
(260)
(301)n/m
—
Other investing
31
63+103.2%
—
Cash from financing
(1,313)
(1,286)n/m
—
Debt raised
2,255
4,621+104.9%
—
Debt repaid
(2,110)
(4,400)n/m
—
Dividends
(784)
(489)n/m
—
Buybacks
(634)
(948)n/m
—
Other financing
(40)
(70)n/m
—
Net change in cash
(41)
79n/m
—
Free cash flow (OCF − capex)
1,501
1,603+6.8%
1,647
Where the cash went
Operating cash flow
1,873
1,908+1.9%
1,993
Reinvested in the business
632
606−4.1%
—
% of operating cash flow
33.7%
31.8%
Capex
372
305−18.0%
346
Acquisitions
260
301+15.8%
—
Free cash flow
1,501
1,603+6.8%
1,647
YoY
+6.8%
Returned to shareholders
1,418
1,437+1.3%
—
% of free cash flow
94.5%
89.6%
Dividends
784
489−37.6%
—
Buybacks
634
948+49.5%
—
Change in total debt
—
475
—
Cash left over
—
340
—
FCF conversion (FCF ÷ net income)
86.5%
86.4%−0.1 pp
—
Owner earnings
—
1,425
—
Owner earnings margin
—
4.6%
—
Buyback yield
1.4%
2.1%+0.7 pp
—
Returns & ratios
ROIC (all capital)
20.5%
21.2%+0.7 pp
—
ROIC (operating)
30.5%
31.1%+0.6 pp
—
Net debt / EBITDA
1.16x
1.30x+0.14x
—
Debt / equity
0.73x
0.78x+0.05x
—
Cash conversion cycle (days)
58
63+5 d
—
ROE
30.9%
31.8%+0.9 pp
—
ROA
10.5%
10.5%−0.0 pp
—
ROCE
23.4%
22.3%−1.1 pp
—
NOPAT
1,867
1,996+6.9%
—
Invested capital (operating)
6,132
6,725+9.7%
—
Invested capital (all)
9,091
9,700+6.7%
—
Reinvestment rate
—
29.7%
—
Debtor days
44
47+3 d
—
Inventory days
74
77+3 d
—
Days payable
60
61+1 d
—
Income
Jan '25
Apr '25
Jul '25
Oct '25
Revenue
6,872
7,621
8,497
8,169
vs year-ago quarter
Gross profit
2,042
2,359
2,694
2,506
Gross margin
29.7%
31.0%
31.7%
30.7%
Operating income
410
606
925
771
Net income
276
410
700
570
vs year-ago quarter
Net margin
4.0%
5.4%
8.2%
7.0%
EPS (diluted, $)
1.38
2.07
3.51
2.90
vs year-ago quarter
Balance sheet
Jan '25
Apr '25
Jul '25
Oct '25
Total assets
16,530
17,265
17,729
17,694
Cash & equivalents
815
556
707
555
Total debt
4,349
4,101
4,575
4,124
Shareholders’ equity
5,489
5,531
5,832
6,056
Cash flow
Jan '25
Apr '25
Jul '25
Oct '25
Operating cash flow
340
682
541
430
Capex
81
77
70
118
Free cash flow
259
605
471
312
vs year-ago quarter