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FERG

Ferguson plc

FERG

Ferguson plc • NYSE
$251.67 ▼ -0.34% (-0.87)
Market Cap $49.37 B
52w High $256.93
52w Low $146.00
Dividend Yield 3.32%
P/E 27.03
Volume 844.98K
Outstanding Shares 196.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $8.497B ▲ $1.769B ▲ $700M ▲ 8.238% ▲ $3.54 ▲ $1.092B ▲
Q3-2025 $7.621B ▲ $1.753B ▲ $410M ▲ 5.38% ▲ $2.07 ▲ $697M ▲
Q2-2025 $6.872B ▼ $1.632B ▼ $276M ▼ 4.016% ▼ $1.38 ▼ $510M ▼
Q1-2025 $7.772B ▼ $1.675B ▲ $470M ▲ 6.047% ▲ $2.34 ▲ $760M ▼
Q4-2024 $7.946B $1.65B $451M 5.676% $2.24 $893M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $674M ▲ $17.729B ▲ $11.897B ▲ $5.832B ▲
Q3-2025 $556M ▼ $17.265B ▲ $11.734B ▲ $5.531B ▲
Q2-2025 $815M ▲ $16.53B ▼ $11.041B ▼ $5.489B ▼
Q1-2025 $654M ▲ $16.858B ▲ $11.203B ▲ $5.655B ▲
Q4-2024 $571M $16.572B $10.956B $5.616B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $700M ▲ $541M ▼ $-79M ▲ $-311M ▲ $-556M ▼ $471M ▼
Q3-2025 $410M ▲ $698.202M ▲ $-276.725M ▼ $-693.739M ▼ $-259M ▼ $617.647M ▲
Q2-2025 $276M ▼ $340M ▼ $-93M ▲ $-75M ▲ $161M ▲ $259M ▼
Q1-2025 $470M ▲ $345M ▼ $-99M ▲ $-214M ▲ $29M ▲ $268M ▲
Q4-2024 $451M $366M $-183M $-318M $-130M $257M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, with only small bumps along the way, suggesting a resilient demand base even through shifting construction cycles. Gross profit and operating profit have held up well, pointing to good pricing discipline and cost control rather than a volume-only strategy. Profitability has been solid and relatively stable, with earnings per share dipping briefly and then recovering, which is typical for a company exposed to both new construction and repair markets. Overall, the income statement reflects a mature, efficient distributor that is managing margins carefully while still finding room for growth.

Balance Sheet

Balance Sheet The balance sheet shows a business that has grown its asset base and shareholder equity over time while also taking on more debt. Leverage has increased but appears to be used to support expansion rather than to plug holes, given the underlying profitability. Cash on hand is modest relative to the size of the company, but not unusually low for a distributor with fast-moving inventory and reliable cash generation. The picture is of a capital-intensive yet well-anchored balance sheet, where the main watchpoint is the gradual rise in debt and the need to keep that comfortably covered by earnings and cash flow.

Cash Flow

Cash Flow Ferguson generates healthy cash from its operations, although the year-to-year pattern is somewhat lumpy, reflecting swings in working capital and the cyclical nature of construction demand. Free cash flow has generally been strong and comfortably positive after funding capital expenditure, which itself remains disciplined and not overly aggressive. This cash profile gives the company flexibility to continue investing in distribution centers, technology, and bolt-on acquisitions, but it does mean that timing of cash flows can vary meaningfully from one year to the next. Overall, cash flow supports the growth strategy, with normal volatility rather than structural weakness.

Competitive Edge

Competitive Edge Ferguson holds a leading position in plumbing, HVAC, and related distribution, backed by substantial scale, a dense branch and distribution network, and a very broad product range. It benefits from a highly fragmented set of both customers and competitors, which makes its one-stop-shop model and dependable service particularly valuable. Exclusive and private-label brands, along with strong relationships with thousands of suppliers, help protect margins and differentiate its offering. The company’s track record of acquiring and integrating smaller rivals further strengthens its geographic reach and product depth. Altogether, Ferguson’s competitive moat rests on scale, logistics excellence, and service quality that are not easily replicated.

Innovation and R&D

Innovation and R&D Innovation at Ferguson is focused on logistics, digital tools, and customer experience rather than breakthrough products. The company has invested heavily in e-commerce platforms and is integrating its professional and consumer-facing sites into a smoother omnichannel offering. Advanced supply-chain software and data-driven inventory management improve product availability and delivery reliability, which are key differentiators in this industry. Through Ferguson Ventures, the company also gains early exposure to emerging technologies in construction, AI-based tools, and contractor productivity software. Increased spending on digital initiatives, design and specification services, and sustainability-focused offerings suggests a clear intent to stay ahead of changing customer expectations and regulatory trends.

Summary

Ferguson comes across as a well-run, scale-driven distributor with steady revenue growth, resilient margins, and generally strong cash generation. Its balance sheet reflects ongoing investment and acquisition activity funded partly by rising debt, which is a manageable but important area to monitor. The company’s competitive strengths lie in its vast footprint, sophisticated supply chain, exclusive brands, and deep relationships with both suppliers and professional customers. At the same time, its emphasis on digital platforms, data-driven operations, and venture investing in new technologies indicates a forward-looking approach rather than a static distribution model. Overall, the business profile is that of a durable, market-leading distributor that blends operational discipline with ongoing investment in technology and service differentiation, while carrying the usual cyclical and leverage-related risks typical of its sector.

NEWS

November 25, 2025 · 3:45 PM UTC

Taranis Samples up to 6.7 g/t Gold in Gossanous Seeps Underneath Ferguson Rockslide, 2 km Southeast of Southernmost NI 43-101 Mineralization at Thor

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November 20, 2025 · 6:45 AM UTC

Ferguson to Issue Results for the Quarter Ended October 31, 2025 And Host Conference Call on December 9, 2025

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November 17, 2025 · 6:45 AM UTC

Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

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October 20, 2025 · 6:45 AM UTC

Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange Rate

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October 15, 2025 · 7:30 AM UTC

Ferguson Files Definitive Proxy Materials and Annual Report

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