FERG NYSE Wholesale-Hardware & Plumbing & Heating Equipment & Supplies Financials FY2022βFY2025
Ferguson Enterprises Inc. /DE/ had $30.8B of revenue in fiscal 2025, up 3.8% on the year before.
Last close Β· Oct 23, 2026
$226.86
0.2%Hi! I read Ferguson Enterprises Inc. /DE/βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+3.8%
Only a little. Sales grew 3.8% last year.
Does it make a profit?
6.0%
A little. It keeps 6.0% of every sale as profit.
Does profit turn into cash?
5.2%
Partly. 5.2% of sales ends up as free cash.
Is debt under control?
1.3x
Keep an eye on it. Repaying its debt would take 1.3 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
24.3x
One share costs 24.3 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Ferguson Enterprises Inc. /DE/ had $30.8B of revenue in fiscal 2025, up 3.8% on the year before. Its operating margin was 8.5%, down 0.5Β pts: of every 100 in sales, about 8 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Ferguson Enterprises Inc. /DE/ made $1.9B of net profit in fiscal 2025. From fiscal 2022 to 2025, diluted EPS grew β1.3% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $1.6B in fiscal 2025, 5.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Ferguson Enterprises Inc. /DE/ returned $1.4B to shareholders in fiscal 2025, 90% of free cash flow. The diluted share count fell 2.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $8.6M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$8.6M
7 insiders
Of sales under plans
86%
$7.4M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 16, 2026 | Ian T. GrahamSee Remarks | Sold plan | 1,097 | $230.00 | $0.3M | Form 4 |
| Oct 15, 2026 | Allison StirrupChief Human Resources Officer | Sold plan | 922 | $225.00 | $0.2M | Form 4 |
| Oct 15, 2026 | William T. Thees JrChief Operating Officer | Sold plan | 353 | $224.50 | $0.1M | Form 4 |
| Oct 15, 2026 | Robert Anthony Camposano Jr.Senior VP - Waterworks | Sold plan | 185 | $224.50 | $0.0M | Form 4 |
| Oct 15, 2026 | Kevin Michael MurphySee Remarks, Director | Sold plan | 1,776 | $224.50 | $0.4M | Form 4 |
| Oct 15, 2026 | Jake SchlicherChief Strategy Officer | Sold plan | 314 | $224.50 | $0.1M | Form 4 |
| Oct 15, 2026 | Ian T. GrahamSee Remarks | Sold plan | 238 | $224.50 | $0.1M | Form 4 |
| Oct 14, 2026 | Ian T. GrahamSee Remarks | Sold plan | 99 | $220.63 | $0.0M | Form 4 |
| Oct 14, 2026 | William T. Thees JrChief Operating Officer | Sold plan | 217 | $220.63 | $0.0M | Form 4 |
| Oct 14, 2026 | Jake SchlicherChief Strategy Officer | Sold plan | 217 | $220.63 | $0.0M | Form 4 |
| Oct 14, 2026 | Kevin Michael MurphySee Remarks, Director | Sold plan | 685 | $220.63 | $0.2M | Form 4 |
| Oct 14, 2026 | Robert Anthony Camposano Jr.Senior VP - Waterworks | Sold plan | 201 | $220.63 | $0.0M | Form 4 |
| Oct 12, 2026 | Jake SchlicherChief Strategy Officer | Sold plan | 3,138 | $218.74 | $0.7M | Form 4 |
| Oct 12, 2026 | Ian T. GrahamSee Remarks | Sold plan | 1,854 | $218.74 | $0.4M | Form 4 |
| Oct 12, 2026 | William T. Thees JrChief Operating Officer | Sold plan | 3,510 | $220.00 | $0.8M | Form 4 |
| Oct 12, 2026 | William BrundageChief Financial Officer, Director | Sold plan | 5,986 | $218.74 | $1.3M | Form 4 |
| Oct 12, 2026 | Kevin Michael MurphySee Remarks, Director | Sold plan | 11,259 | $216.78 | $2.4M | Form 4 |
| Oct 12, 2026 | Robert Anthony Camposano Jr.Senior VP - Waterworks | Sold plan | 1,580 | $218.74 | $0.3M | Form 4 |
| Aug 28, 2026 | Jake SchlicherChief Strategy Officer | Sold | 5,177 | $230.92 | $1.2M | Form 4 |
| Oct 16, 2025 | Richard WincklerChief Accounting Officer | Sold | 83 | $241.80 | $0.0M | Form 4 |
| Oct 15, 2025 | Ian T. GrahamSee Remarks | Sold | 606 | $239.33 | $0.1M | Form 4 |
| Oct 14, 2025 | Richard WincklerChief Accounting Officer | Sold | 1,034 | $232.70 | $0.2M | Form 4 |
| Oct 14, 2025 | James A. PaisleySee Remarks | Sold | 3,000 | $236.97 | $0.7M | Form 4 |
| Oct 13, 2025 | Robert Anthony Camposano Jr.Senior VP - Waterworks | Sold | 1,600 | $233.23 | $0.4M | Form 4 |
| Oct 13, 2025 | Ian T. GrahamSee Remarks | Sold | 4,864 | $233.22 | $1.1M | Form 4 |
| Oct 13, 2025 | William BrundageChief Financial Officer, Director | Sold | 3,000 | $233.32 | $0.7M | Form 4 |
| Oct 13, 2025 | Kevin Michael MurphySee Remarks, Director | Sold | 8,800 | $234.13 | $2.1M | Form 4 |
| Oct 13, 2025 | William T. Thees JrSenior Vice President | Sold | 2,308 | $234.55 | $0.5M | Form 4 |
| Oct 13, 2025 | Jake SchlicherSVP of Strategic Development | Sold | 3,000 | $233.52 | $0.7M | Form 4 |
| Oct 13, 2025 | Allison StirrupChief Human Resources Officer | Sold | 969 | $234.23 | $0.2M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Ferguson Enterprises Inc. /DE/ owes $3.9B more than it holds in cash, about 1.3 years of operating profit.
Cash, debt and the ratios that show how comfortably Ferguson Enterprises Inc. /DE/ can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $771M | $601M | $571M | $674M |
| Debt incl. finance leases | β | $3.8B | $4.1B | $4.6B |
| Net debt / EBITDA | β | 1.1x | 1.2x | 1.3x |
| Debt / equity | β | 0.8x | 0.7x | 0.8x |
| Interest coverage | 25.4x | 14.5x | 14.8x | β |
| Current ratio | β | 1.7x | 1.8x | 1.7x |
| Quick ratio | β | 1.0x | 1.0x | 0.9x |
| Total assets | β | $16.0B | $16.6B | $17.7B |
| Total liabilities | β | $11.0B | $11.0B | $11.9B |
| Shareholders' equity | $4.7B | $5.0B | $5.6B | $5.8B |
| Net debt (β = net cash) | β | $3.2B | $3.5B | $3.9B |
KIRA Β· Its return on capital was 20.5%: every 100 invested in the business earned about 21 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Ferguson Enterprises Inc. /DE/ passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | β | β | β | β |
| Cash from operations is positive | β | β | β | β |
| Return on assets rose | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β |
| Debt fell relative to assets | β | β | β | β |
| Current ratio rose | β | β | β | β |
| Share count didn't rise | β | β | β | β |
| Gross margin rose | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β |
| F-score | β / 3 | β / 5 | 6 / 9 | 5 / 9 |
| Accruals ratio | β | β5.2% | β0.8% | β0.3% |
| Altman Z'' | β | 4.84 | 5.16 | 4.27 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $28.6B | $29.7B | $29.6B | $30.8B |
| Net interest income | β | β$184M | β$179M | β$190M |
| Gross profit | $8.8B | $9.0B | $9.1B | $9.4B |
| Operating income | $2.8B | $2.7B | $2.7B | $2.6B |
| Interest expense | $111M | $184M | $179M | β |
| Pretax income | $2.7B | $2.5B | $2.5B | $2.4B |
| Income tax | $609M | $575M | $729M | $567M |
| Net income | $2.1B | $1.9B | $1.7B | $1.9B |
| Diluted EPS | $9.69 | $9.12 | $8.53 | $9.32 |
| Diluted shares | 0.22B | 0.21B | 0.20B | 0.20B |
| Cash flow | ||||
| Cash from operations | $1.1B | $2.7B | $1.9B | $1.9B |
| Capital expenditure | $290M | $441M | $372M | $305M |
| Free cash flow | $859M | $2.3B | $1.5B | $1.6B |
| Depreciation and amortization | $301M | $321M | $335M | $373M |
| Stock-based compensation | $57.0M | $51.0M | $49.0M | $28.0M |
| Acquisitions | $650M | $616M | $260M | $301M |
| Share buybacks | $1.5B | $908M | $634M | $948M |
| Dividends paid | $538M | $711M | $784M | $489M |
| Dividends and buybacks | $2.1B | $1.6B | $1.4B | $1.4B |
| Balance sheet | ||||
| Cash and short-term investments | $771M | $601M | $571M | $674M |
| Total debt | β | $3.8B | $4.1B | $4.6B |
| Current assets | β | $9.1B | $9.4B | $10.1B |
| Current liabilities | β | $5.4B | $5.2B | $6.0B |
| Inventory | β | $3.9B | $4.2B | $4.5B |
| Property and equipment, net | β | $1.6B | $1.8B | $1.8B |
| Goodwill | $2.0B | $2.2B | $2.4B | $2.5B |
| Intangible assets | β | $783M | $753M | $726M |
| Total assets | β | $16.0B | $16.6B | $17.7B |
| Total liabilities | β | $11.0B | $11.0B | $11.9B |
| Shareholders' equity | $4.7B | $5.0B | $5.6B | $5.8B |
| Margins | ||||
| Gross margin | 30.7% | 30.4% | 30.5% | 30.7% |
| Operating margin | 9.9% | 8.9% | 8.9% | 8.5% |
| EBITDA margin | 10.9% | 10.0% | 10.1% | 9.7% |
| Net margin | 7.4% | 6.4% | 5.9% | 6.0% |
| FCF margin | 3.0% | 7.7% | 5.1% | 5.2% |
| Net interest share of revenue | β | β0.6% | β0.6% | β0.6% |
| Returns | ||||
| Return on capital | β | 24.7% | 20.4% | 20.5% |
| Return on capital employed | β | 25.2% | 23.4% | 22.3% |
| Return on equity | 45.5% | 38.9% | 32.6% | 32.4% |
| Return on assets | β | 11.8% | 10.7% | 10.8% |
| Return on tangible equity | 81.1% | 93.8% | 69.2% | 70.2% |
| Growth | ||||
| Revenue growth | β | 4.1% | β0.3% | 3.8% |
| Net income growth | β | β11.0% | β8.2% | 7.0% |
| EPS growth | β | β5.9% | β6.5% | 9.3% |
| FCF growth | β | 165.7% | β34.2% | 6.8% |
| Share count change | β | β5.3% | β1.8% | β2.1% |
| Financial health | ||||
| Net debt / EBITDA | β | 1.1x | 1.2x | 1.3x |
| Debt / equity | β | 0.8x | 0.7x | 0.8x |
| Interest coverage | 25.4x | 14.5x | 14.8x | β |
| Current ratio | β | 1.7x | 1.8x | 1.7x |
| Quick ratio | β | 1.0x | 1.0x | 0.9x |
| Capital allocation | ||||
| Capex / revenue | 1.0% | 1.5% | 1.3% | 1.0% |
| Stock comp / revenue | 0.2% | 0.2% | 0.2% | 0.1% |
| Payouts / FCF | 242.5% | 70.9% | 94.5% | 89.6% |
| Quality scores | ||||
| Piotroski F-score | β | β | 6.0 | 5.0 |
| Altman Z'' | β | 4.8 | 5.2 | 4.3 |
| Accruals ratio | β | β5.2% | β0.8% | β0.3% |
Source: SEC EDGAR XBRL filings (CIK 0002011641). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
