Ferguson Enterprises Financials
This page shows Ferguson Enterprises (FERG) financial statements, including the 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).
Stable gross margins but rising operating costs show a business where scale is being absorbed by overhead, not dropping through.
From FY2023 through FY2025, gross margin held near30.5% and cumulative free cash flow of$5.4B almost covered buybacks plus dividends, even as operating margin slipped. Because equity still increased over that span, the pattern looks less like balance-sheet stretching and more like a business with modest reinvestment needs whose main earnings pressure sits in overhead, not core product economics.
FY2025 liquidity comes more from working capital than a cash hoard: cash was only
Capital intensity remains low, with capex at just
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. 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 36/100.
Ferguson Enterprises carries a low D/E ratio of 0.68, meaning only $0.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Ferguson Enterprises's current ratio of 1.88 indicates adequate short-term liquidity, earning a score of 34/100. 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 39/100. The company generates positive cash flow after capital investments, but with room for improvement.
Ferguson Enterprises earns a strong 30.6% return on equity (ROE), meaning it generates $31 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 81/100. This is down from 30.7% the prior year.
Ferguson Enterprises scores 5.43, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Ferguson Enterprises passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 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 $13.7 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 $526.0M in cash against $4.1B 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.
Ferguson Enterprises had 196M shares outstanding in fiscal year 2025. This represents a decrease of 2.3% 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 30.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 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.
FERG Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | N/A | $8.2B-8.3% | $8.9B+23.5% | $7.2B+5.0% | $6.9B-11.6% | $7.8B-2.2% | $7.9B |
| Cost of Revenue | $5.2B | N/A | $5.7B-6.7% | $6.1B+21.4% | $5.0B+3.5% | $4.8B-11.1% | $5.4B-1.0% | $5.5B |
| Gross Profit | $2.3B | N/A | $2.5B-11.7% | $2.8B+28.0% | $2.2B+8.5% | $2.0B-12.7% | $2.3B-4.9% | $2.5B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.6B | N/A | $1.6B-2.7% | $1.7B+7.7% | $1.6B+1.6% | $1.5B-2.8% | $1.6B+2.5% | $1.5B |
| Operating Income | $612.0M | N/A | $771.0M-24.7% | $1.0B+102.0% | $507.0M+23.7% | $410.0M-38.3% | $665.0M-18.0% | $811.0M |
| Interest Expense | -$45.0M | N/A | -$46.0M+8.0% | -$50.0M-8.7% | -$46.0M+4.2% | -$48.0M-4.3% | -$46.0M-114.8% | $311.0M |
| Income Tax | $146.0M | N/A | $142.0M-27.2% | $195.0M+57.3% | $124.0M+31.9% | $94.0M-39.0% | $154.0M-50.0% | $308.0M |
| Net Income | $414.0M | N/A | $570.0M-25.5% | $765.0M+121.7% | $345.0M+25.0% | $276.0M-41.3% | $470.0M+4.2% | $451.0M |
| EPS (Diluted) | $2.13 | N/A | $2.90 | N/A | $1.73+25.4% | $1.38-41.0% | $2.34 | N/A |
FERG Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.8B+3.7% | $17.2B-3.1% | $17.7B-0.2% | $17.7B+2.7% | $17.3B+4.4% | $16.5B-1.9% | $16.9B+1.7% | $16.6B |
| Current Assets | $10.2B+6.6% | $9.5B-4.9% | $10.0B-1.2% | $10.1B+3.8% | $9.8B+6.0% | $9.2B-4.2% | $9.6B+2.3% | $9.4B |
| Cash & Equivalents | $820.0M+47.2% | $557.0M+5.9% | $526.0M-22.0% | $674.0M+29.9% | $519.0M-32.1% | $764.0M+27.1% | $601.0M+5.3% | $571.0M |
| Inventory | $4.7B+1.9% | $4.6B-0.5% | $4.6B+2.7% | $4.5B-1.2% | $4.5B+6.4% | $4.3B-2.7% | $4.4B+4.9% | $4.2B |
| Accounts Receivable | $3.7B+10.8% | $3.3B-13.0% | $3.8B-4.0% | $4.0B+5.8% | $3.7B+17.1% | $3.2B-12.1% | $3.6B+1.1% | $3.6B |
| Goodwill | $2.5B+0.4% | $2.5B+0.2% | $2.5B0.0% | $2.5B+1.5% | $2.4B+2.8% | $2.4B-0.1% | $2.4B+0.3% | $2.4B |
| Total Liabilities | $11.9B+5.5% | $11.3B-2.9% | $11.6B-2.2% | $11.9B+1.4% | $11.7B+6.3% | $11.0B-1.4% | $11.2B+2.3% | $11.0B |
| Current Liabilities | $5.7B+11.2% | $5.1B-4.0% | $5.3B-11.4% | $6.0B+1.0% | $6.0B+18.1% | $5.1B-11.9% | $5.7B+10.0% | $5.2B |
| Long-Term Debt | $4.0B0.0% | $4.0B-3.5% | $4.1B+9.9% | $3.8B+1.4% | $3.7B-6.3% | $3.9B+14.6% | $3.4B-8.7% | $3.8B |
| Total Equity | $5.9B+0.3% | $5.9B-3.3% | $6.1B+3.8% | $5.8B+7.5% | $5.4B-1.2% | $5.5B-2.9% | $5.7B+0.7% | $5.6B |
| Retained Earnings | $7.4B+3.3% | $7.2B+0.7% | $7.1B+5.0% | $6.8B+8.6% | $6.2B+4.1% | $6.0B+1.9% | $5.9B-38.6% | $9.6B |
FERG Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $772.0M+80.0% | $429.0M-0.2% | $430.0M-20.5% | $541.0M-38.1% | $874.0M+157.1% | $340.0M-1.4% | $345.0M-5.7% | $366.0M |
| Capital Expenditures | $92.0M+37.3% | $67.0M-43.2% | $118.0M+68.6% | $70.0M-4.1% | $73.0M-9.9% | $81.0M+5.2% | $77.0M-29.4% | $109.0M |
| Free Cash Flow | $680.0M+87.8% | $362.0M+16.0% | $312.0M-33.8% | $471.0M-41.2% | $801.0M+209.3% | $259.0M-3.4% | $268.0M+4.3% | $257.0M |
| Investing Cash Flow | -$94.0M-193.8% | -$32.0M+75.8% | -$132.0M-67.1% | -$79.0M+62.6% | -$211.0M-126.9% | -$93.0M+6.1% | -$99.0M+45.9% | -$183.0M |
| Financing Cash Flow | -$413.0M-10.1% | -$375.0M+16.3% | -$448.0M-44.1% | -$311.0M+61.8% | -$814.0M-985.3% | -$75.0M+65.0% | -$214.0M+32.7% | -$318.0M |
| Dividends Paid | $174.0M+7.4% | $162.0M-1.2% | $164.0M-0.6% | $165.0M-0.6% | $166.0M+5.1% | $158.0M | $0-100.0% | $319.0M |
| Share Buybacks | $236.0M+18.6% | $199.0M-4.3% | $208.0M+10.1% | $189.0M-8.7% | $207.0M-17.9% | $252.0M-1.6% | $256.0M+20.2% | $213.0M |
FERG Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.0% | N/A | 30.7%-1.2pp | 31.9%+1.1pp | 30.7%+1.0pp | 29.7%-0.4pp | 30.1%-0.9pp | 31.0% |
| Operating Margin | 8.2% | N/A | 9.4%-2.1pp | 11.5%+4.5pp | 7.0%+1.1pp | 6.0%-2.6pp | 8.6%-1.7pp | 10.2% |
| Net Margin | 5.5% | N/A | 7.0%-1.6pp | 8.6%+3.8pp | 4.8%+0.8pp | 4.0%-2.0pp | 6.0%+0.4pp | 5.7% |
| Return on Equity | 7.0% | N/A | 9.4%-3.7pp | 13.1%+6.8pp | 6.4%+1.3pp | 5.0%-3.3pp | 8.3%+0.3pp | 8.0% |
| Return on Assets | 2.3% | N/A | 3.2%-1.1pp | 4.3%+2.3pp | 2.0%+0.3pp | 1.7%-1.1pp | 2.8%+0.1pp | 2.7% |
| Current Ratio | 1.78-0.1 | 1.86-0.0 | 1.88+0.2 | 1.68+0.0 | 1.64-0.2 | 1.82+0.1 | 1.68-0.1 | 1.80 |
| Debt-to-Equity | 0.680.0 | 0.680.0 | 0.68+0.0 | 0.64-0.0 | 0.68-0.0 | 0.72+0.1 | 0.61-0.1 | 0.67 |
| FCF Margin | 9.1% | N/A | 3.8%-1.5pp | 5.3%-5.8pp | 11.1%+7.3pp | 3.8%+0.3pp | 3.5%+0.2pp | 3.2% |
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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 $526.0M in cash and equivalents against $4.1B 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 30.6% 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 1.88 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 0.68 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 5.43, 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 7 out of 9, indicating strong financial health. 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 13.7x, 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 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.