Ferguson Enterprises Inc (FERG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$3.3	$3.39	+2.7%	—	—	—
Q3 26	$2.19	$2.28	+4.1%	—	—	—
Q2 26	$2.09	$2.1	+0.5%	—	—	—
Q1 26	$2.72	$2.84	+4.4%	—	$8.2B	—
Q4 25	$3.01	$3.48	+15.6%	—	$8.5B	—
Q3 25	$2.02	$2.5	+23.8%	—	$7.6B	—
Q2 25	$1.6	$1.52	-5.0%	—	$6.9B	—
Q1 25	$2.61	$2.45	-6.1%	—	$7.8B	—
Q4 24	$2.86	$2.98	+4.2%	—	$7.9B	—
Q3 24	$2.31	$2.32	+0.4%	—	$7.3B	—
Q2 24	$1.84	$1.74	-5.4%	—	$6.7B	—
Q1 24	$2.62	$2.65	+1.1%	—	$7.7B	—
Q4 23	$2.45	$2.77	+13.1%	—	$7.8B	—
Q3 23	$2.16	$2.2	+1.9%	—	$7.1B	—
Q2 23	$1.95	$1.91	-2.1%	—	$6.8B	—
Q1 23	$2.79	$2.95	+5.7%	—	$7.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.2	—	—	—	—
FY25	—	$9.33	—	—	$30.8B	—
FY24	—	$8.55	—	—	$29.6B	—
FY23	—	$9.15	—	—	$29.7B	—
FY22	—	$9.75	—	—	$28.6B	—
FY21	—	$6.75	—	—	$22.8B	—
FY20	—	$4.28	—	—	$19.9B	—
FY19	—	$4.81	—	—	$22B	—
FY18	—	$5.16	—	—	$20.8B	—
FY17	—	$4.32	—	—	$19.3B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$16.6B	$19.3B	$20.8B	$22B	$19.9B	$22.8B	$28.6B	$29.7B	$29.6B	—
YoY change	-20.3%	+16.3%	+7.61%	+6.06%	-9.4%	+14.3%	+25.3%	+4.09%	-0.33%	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$7.1B	$7.8B	$7.7B	$6.7B	$7.3B	$7.9B	$7.8B	$6.9B	$7.6B	—	$7.5B	$8.8B
YoY change	-1.98%	-1.67%	-2.81%	-2.23%	+2.35%	+1.38%	+0.83%	+2.98%	+4.28%	—	-3.86%	+27.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	16.6B	19.3B	20.8B	22B	19.9B	22.8B	28.6B	29.7B	29.6B	—
Cost of revenue	11.8B	13.7B	14.7B	15.6B	14B	15.8B	19.8B	20.7B	20.6B	—
Gross profit	4.7B	5.6B	6B	6.5B	6B	7B	8.8B	9B	9.1B	—
Gross margin	28.6%	29%	29.1%	29.4%	30%	30.6%	30.7%	30.4%	30.5%	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	4.3B	4.7B	5.6B	5.9B	6.1B	—
Operating expenses	3.6B	4B	4.6B	5B	9.2B	9.7B	5.6B	5.9B	6.1B	—
Operating income	1.1B	1.5B	1.4B	1.5B	1.4B	1.9B	2.8B	2.8B	2.7B	—
Operating margin	6.44%	7.66%	6.55%	6.8%	6.88%	8.56%	9.87%	9.36%	8.95%	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	891.9M	1.4B	1.2B	1.3B	1.3B	1.9B	2.7B	2.5B	2.5B	—
Income tax	277.5M	370M	346M	263M	299M	232M	609M	575M	729M	—
Net income	858.9M	920M	1.3B	1.1B	961M	1.5B	2.1B	1.9B	1.7B	—
Net margin	5.18%	4.77%	6.11%	5.03%	4.82%	6.46%	7.43%	6.35%	5.85%	—
EBITDA	1.3B	1.9B	1.6B	1.8B	1.6B	2.3B	3.1B	3.1B	3B	—
EPS	3.58	4.32	5.16	4.81	4.28	6.75	9.75	9.15	8.55	10.2
Diluted EPS	3.55	4.29	5.12	4.78	4.24	6.71	9.69	9.12	8.53	10.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	7.1B	7.8B	7.7B	6.7B	7.3B	7.9B	7.8B	6.9B	7.6B	—	7.5B	8.8B
Cost of revenue	5B	5.4B	5.4B	4.6B	5.1B	5.5B	5.4B	4.8B	5.3B	—	5.2B	6B
Gross profit	2.1B	2.4B	2.3B	2B	2.2B	2.5B	2.3B	2B	2.4B	—	2.3B	2.7B
Gross margin	30%	30.6%	30.2%	30.4%	30.5%	31%	30.1%	29.7%	31%	—	31%	31%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B	1.6B	—	1.6B	1.7B
Operating expenses	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B	1.6B	—	1.6B	1.7B
Operating income	624M	780M	739M	477M	625M	811M	665M	410M	676M	—	614M	895M
Operating margin	8.74%	9.95%	9.59%	7.15%	8.55%	10.2%	8.56%	5.97%	8.87%	—	8.22%	10.2%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	447M	730M	691M	433M	581M	759M	624M	370M	557M	—	560M	846M
Income tax	111M	146M	172M	111M	138M	308M	154M	94M	147M	—	146M	180M
Net income	336M	584M	519M	322M	443M	451M	470M	276M	410M	—	414M	666M
Net margin	4.71%	7.45%	6.73%	4.83%	6.06%	5.68%	6.05%	4.02%	5.38%	—	5.54%	7.61%
EBITDA	703M	854M	816M	560M	709M	893M	760M	510M	767M	—	704M	999M
EPS	1.64	2.86	2.55	1.58	2.19	2.24	2.34	1.38	2.07	1.99	2.13	3.44
Diluted EPS	1.63	2.85	2.54	1.58	2.18	2.23	2.34	1.38	2.07	1.99	2.13	3.43

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.2B	2.4B	747M	1.1B	2B	1.3B	771M	601M	571M	674M
Receivables	2.5B	2.3B	2.6B	2.7B	2.6B	2.8B	3.6B	3.6B	3.6B	4B
Inventory	2.7B	2.4B	2.5B	2.8B	2.9B	3.3B	4.3B	3.9B	4.2B	4.5B
Total current assets	6.9B	9.4B	6.6B	7.2B	8.1B	8.1B	9.6B	9.1B	9.4B	10.1B
Property, plant & equipment	1.4B	640M	635M	850M	1.2B	936M	1B	1.4B	1.5B	1.7B
Goodwill & intangibles	2.9B	2.8B	3.4B	4.2B	4.5B	4.7B	5.7B	6B	6.2B	6.4B
Total assets	10.8B	12.6B	10.1B	11.4B	13.5B	13.7B	15.7B	16B	16.6B	17.7B
Accounts payable	2.8B	2.3B	2.6B	2.9B	2.9B	3B	3.6B	3.4B	3.4B	3.6B
Short-term debt	931.5M	2.2B	386M	54M	812M	263M	571M	421M	545M	847M
Total current liabilities	4.7B	6.5B	4B	4.2B	4.7B	4.7B	5.8B	5.4B	5.2B	6B
Long-term debt	1.6B	1.1B	1.5B	2.3B	3.7B	3.3B	4.6B	4.8B	5B	5.1B
Total liabilities	6.9B	8B	6.1B	7B	9.1B	8.7B	11B	11B	11B	11.9B
Shareholders' equity	3.8B	4.5B	4.1B	4.3B	4.4B	5B	4.7B	5B	5.6B	5.8B
Total debt	2.5B	3.3B	1.9B	2.4B	4.5B	3.6B	5.1B	5.3B	5.5B	6B
Net debt	1.4B	817M	1.2B	1.3B	2.5B	2.3B	4.4B	4.7B	4.9B	5.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	625M	601M	—	—	—	—	—	—	—	—	820M	437M
Receivables	3.4B	3.6B	—	—	—	—	—	—	—	—	3.7B	4.3B
Inventory	4.1B	3.9B	—	—	—	—	—	—	—	—	4.7B	5.1B
Total current assets	8.9B	9.1B	—	—	—	—	—	—	—	—	10.2B	11B
Property, plant & equipment	2.9B	1.4B	—	—	—	—	—	—	—	—	3.8B	3.9B
Goodwill & intangibles	5.5B	6B	—	—	—	—	—	—	—	—	6.3B	7.3B
Total assets	15.4B	16B	—	—	—	—	—	—	—	—	17.8B	19.3B
Accounts payable	3.3B	3.4B	—	—	—	—	—	—	—	—	3.7B	4.1B
Short-term debt	398M	421M	—	—	—	—	—	—	—	—	613M	925M
Total current liabilities	5.1B	5.4B	—	—	—	—	—	—	—	—	5.7B	6.4B
Long-term debt	4.8B	4.8B	—	—	—	—	—	—	—	—	5.5B	6B
Total liabilities	10.6B	11B	—	—	—	—	—	—	—	—	11.9B	13.1B
Shareholders' equity	4.7B	5B	—	—	—	—	—	—	—	—	5.9B	6.2B
Total debt	5.2B	5.3B	—	—	—	—	—	—	—	—	6.1B	6.9B
Net debt	4.6B	4.7B	—	—	—	—	—	—	—	—	5.3B	6.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	858.9M	920M	1.3B	1.1B	973M	1.6B	2.1B	1.9B	1.7B	1.9B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	26.4M	28M	35M	34M	29M	77M	57M	51M	49M	28M
Change in working capital	-75.3M	-431.4M	-453M	-304M	120M	-1.7B	-1.7B	502M	-225M	-633M
Operating cash flow	854.9M	565.6M	906M	908M	1.3B	164M	467M	2.4B	1.6B	1.9B
Capital expenditure	-173.1M	-168M	-145M	-298M	-202M	-139M	—	—	—	-305M
Investing cash flow	-310.5M	-177M	724M	-747M	-490M	-23M	-632M	-613M	-229M	-543M
Dividends paid	-314.5M	-328M	-1.4B	-445M	-327M	-1B	-538M	-711M	-784M	-489M
Share repurchases	-396.4M	0	-675M	-150M	-451M	-400M	-1.5B	-908M	-634M	-948M
Financing cash flow	-717.5M	-466M	-1.9B	134M	4M	-2.1B	-744M	-1.8B	-1.3B	-1.3B
Net change in cash	-173.1M	-77.4M	-223M	295M	780M	-1.9B	-909M	22M	17M	79M
Free cash flow	751.8M	726M	737M	872M	1.3B	1.1B	859M	2.3B	1.5B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	336M	584M	—	—	—	—	—	—	—	—	414M	666M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	11M	13M	—	—	—	—	—	—	—	—	16M	19M
Change in working capital	-171M	-26M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	-367M	-1.2B
Operating cash flow	176M	571M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	772M	-56M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	-92M	-142M
Investing cash flow	1M	-431M	—	—	—	—	—	—	—	—	-94M	-706M
Dividends paid	-154M	-154M	—	—	—	—	—	—	—	—	-174M	-173M
Share repurchases	-220M	-124M	—	—	—	—	—	—	—	—	-236M	-202M
Financing cash flow	-483M	-418M	—	—	—	—	—	—	—	—	-413M	396M
Net change in cash	-306M	-278M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	265M	-366M
Free cash flow	512M	841M	—	—	—	—	—	—	—	—	680M	-198M

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	13.7B	15.1B	19.5B	17.2B	20.1B	31.3B	27.4B	33.4B	45.2B	43.9B	43.9B
Enterprise value	15B	16B	20.7B	18.5B	22.6B	33.6B	31.8B	38B	50.1B	43.9B	43.9B
Shares outstanding	240.2M	238.1M	245.7M	230.2M	224.8M	223.5M	217.7M	206.4M	202.9M	197.1M	197.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.9	16.5	15.4	15.5	20.9	21.3	12.9	17.7	26	—	—
P/S	0.82	0.79	0.94	0.78	1.01	1.37	0.96	1.12	1.52	—	—
P/B	3.56	3.34	4.82	3.96	4.6	6.26	5.88	6.62	8.04	—	—
EV/EBITDA	11.4	8.38	12.8	10.3	13.7	14.9	10.2	12.3	16.8	—	—
EV/Sales	0.91	0.83	1	0.84	1.13	1.47	1.11	1.28	1.69	—	—
Earnings yield	6.29%	6.07%	6.48%	6.43%	4.78%	4.7%	7.73%	5.66%	3.84%	—	—
FCF yield	5.51%	4.79%	3.77%	5.06%	6.28%	3.65%	3.13%	6.84%	3.32%	—	—

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.6%	29%	29.1%	29.4%	30%	30.6%	30.7%	30.4%	30.5%	—	—
Operating margin	6.44%	7.66%	6.55%	6.8%	6.88%	8.56%	9.87%	9.36%	8.95%	—	—
Net margin	5.18%	4.77%	6.11%	5.03%	4.82%	6.46%	7.43%	6.35%	5.85%	—	—
ROE	22.4%	20.3%	31.2%	25.5%	22%	29.4%	45.5%	37.5%	30.9%	—	—
ROA	7.97%	7.33%	12.5%	9.73%	7.14%	10.7%	13.5%	11.8%	10.5%	—	—
ROIC	14.2%	20.4%	18.5%	21.2%	15.3%	23.5%	24.2%	22%	17.7%	—	—
Return on tangible assets	10.9%	9.45%	18.9%	15.3%	10.7%	16.4%	21.2%	19%	16.8%	—	—

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.45	1.64	1.72	1.7	1.72	1.65	1.67	1.8	—	—
Quick ratio	0.91	1.08	1.02	1.05	1.09	1.02	0.9	0.95	1	—	—
Debt / equity	0.66	0.72	0.47	0.54	1.03	0.72	1.1	1.04	0.98	—	—
Debt / assets	0.23	0.26	0.19	0.21	0.34	0.26	0.33	0.33	0.33	—	—
Net debt / EBITDA	1.03	0.43	0.72	0.72	1.51	1	1.4	1.51	1.66	—	—
Interest coverage	15.7	23.2	18.7	14.6	14.7	20	25.4	14.4	14.8	—	—
Effective tax rate	31.1%	26%	29.1%	19.9%	23.5%	12.5%	22.5%	23.3%	29.6%	—	—

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	69	81	84.5	95.6	88.7	102	131.2	144.1	146.1	—	—
EPS (basic)	3.58	4.32	5.16	4.81	4.28	6.75	9.75	9.15	8.55	10.2	10.2
EPS (diluted)	3.55	4.29	5.12	4.78	4.24	6.71	9.69	9.12	8.53	10.2	10.2
Book value per share	16	19.1	16.5	18.9	19.4	22.4	21.4	24.4	27.7	—	—
FCF per share	3.13	3.05	3	3.79	5.61	5.11	3.95	11.1	7.4	—	—
Cash per share	4.84	10.3	3.04	4.58	9.03	5.97	3.54	2.91	2.81	—	—
Capex per share	0.72	0.71	0.59	1.29	0.9	0.62	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.04%	0.87%	0.7%	1.35%	1.01%	0.61%	—	—	—	—	—
Capex / operating cash flow	20.2%	29.7%	16%	32.8%	16%	84.8%	—	—	—	—	—
Payout ratio	36.6%	35.7%	107.3%	40.2%	34%	70.4%	25.4%	37.6%	45.2%	—	—
Dividend yield	2.3%	2.17%	6.95%	2.58%	1.63%	3.31%	1.96%	2.13%	1.74%	—	—

Yield

—

trailing twelve months

Frequency

Quarterly

Last dividend

$0.89

ex-dividend Aug 21, 2026

Payout ratio

—

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.89
May 15, 2026	$0.89
Mar 6, 2026	$0.89
Jan 2, 2026	$0.89
Sep 26, 2025	$0.83
Jun 20, 2025	$0.83
Mar 21, 2025	$0.83
Dec 20, 2024	$0.83

Split history

Date	Ratio
Jun 11, 2018	947:1000

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$3.3	$3.39	+2.7%	—	—	—
Q3 26	$2.19	$2.28	+4.1%	—	—	—
Q2 26	$2.09	$2.1	+0.5%	—	—	—
Q1 26	$2.72	$2.84	+4.4%	—	$8.2B	—
Q4 25	$3.01	$3.48	+15.6%	—	$8.5B	—
Q3 25	$2.02	$2.5	+23.8%	—	$7.6B	—
Q2 25	$1.6	$1.52	-5.0%	—	$6.9B	—
Q1 25	$2.61	$2.45	-6.1%	—	$7.8B	—
Q4 24	$2.86	$2.98	+4.2%	—	$7.9B	—
Q3 24	$2.31	$2.32	+0.4%	—	$7.3B	—
Q2 24	$1.84	$1.74	-5.4%	—	$6.7B	—
Q1 24	$2.62	$2.65	+1.1%	—	$7.7B	—
Q4 23	$2.45	$2.77	+13.1%	—	$7.8B	—
Q3 23	$2.16	$2.2	+1.9%	—	$7.1B	—
Q2 23	$1.95	$1.91	-2.1%	—	$6.8B	—
Q1 23	$2.79	$2.95	+5.7%	—	$7.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.2	—	—	—	—
FY25	—	$9.33	—	—	$30.8B	—
FY24	—	$8.55	—	—	$29.6B	—
FY23	—	$9.15	—	—	$29.7B	—
FY22	—	$9.75	—	—	$28.6B	—
FY21	—	$6.75	—	—	$22.8B	—
FY20	—	$4.28	—	—	$19.9B	—
FY19	—	$4.81	—	—	$22B	—
FY18	—	$5.16	—	—	$20.8B	—
FY17	—	$4.32	—	—	$19.3B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$16.6B	$19.3B	$20.8B	$22B	$19.9B	$22.8B	$28.6B	$29.7B	$29.6B	—
YoY change	-20.3%	+16.3%	+7.61%	+6.06%	-9.4%	+14.3%	+25.3%	+4.09%	-0.33%	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$7.1B	$7.8B	$7.7B	$6.7B	$7.3B	$7.9B	$7.8B	$6.9B	$7.6B	—	$7.5B	$8.8B
YoY change	-1.98%	-1.67%	-2.81%	-2.23%	+2.35%	+1.38%	+0.83%	+2.98%	+4.28%	—	-3.86%	+27.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	16.6B	19.3B	20.8B	22B	19.9B	22.8B	28.6B	29.7B	29.6B	—
Cost of revenue	11.8B	13.7B	14.7B	15.6B	14B	15.8B	19.8B	20.7B	20.6B	—
Gross profit	4.7B	5.6B	6B	6.5B	6B	7B	8.8B	9B	9.1B	—
Gross margin	28.6%	29%	29.1%	29.4%	30%	30.6%	30.7%	30.4%	30.5%	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	4.3B	4.7B	5.6B	5.9B	6.1B	—
Operating expenses	3.6B	4B	4.6B	5B	9.2B	9.7B	5.6B	5.9B	6.1B	—
Operating income	1.1B	1.5B	1.4B	1.5B	1.4B	1.9B	2.8B	2.8B	2.7B	—
Operating margin	6.44%	7.66%	6.55%	6.8%	6.88%	8.56%	9.87%	9.36%	8.95%	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	891.9M	1.4B	1.2B	1.3B	1.3B	1.9B	2.7B	2.5B	2.5B	—
Income tax	277.5M	370M	346M	263M	299M	232M	609M	575M	729M	—
Net income	858.9M	920M	1.3B	1.1B	961M	1.5B	2.1B	1.9B	1.7B	—
Net margin	5.18%	4.77%	6.11%	5.03%	4.82%	6.46%	7.43%	6.35%	5.85%	—
EBITDA	1.3B	1.9B	1.6B	1.8B	1.6B	2.3B	3.1B	3.1B	3B	—
EPS	3.58	4.32	5.16	4.81	4.28	6.75	9.75	9.15	8.55	10.2
Diluted EPS	3.55	4.29	5.12	4.78	4.24	6.71	9.69	9.12	8.53	10.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	7.1B	7.8B	7.7B	6.7B	7.3B	7.9B	7.8B	6.9B	7.6B	—	7.5B	8.8B
Cost of revenue	5B	5.4B	5.4B	4.6B	5.1B	5.5B	5.4B	4.8B	5.3B	—	5.2B	6B
Gross profit	2.1B	2.4B	2.3B	2B	2.2B	2.5B	2.3B	2B	2.4B	—	2.3B	2.7B
Gross margin	30%	30.6%	30.2%	30.4%	30.5%	31%	30.1%	29.7%	31%	—	31%	31%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B	1.6B	—	1.6B	1.7B
Operating expenses	1.4B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B	1.6B	—	1.6B	1.7B
Operating income	624M	780M	739M	477M	625M	811M	665M	410M	676M	—	614M	895M
Operating margin	8.74%	9.95%	9.59%	7.15%	8.55%	10.2%	8.56%	5.97%	8.87%	—	8.22%	10.2%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	447M	730M	691M	433M	581M	759M	624M	370M	557M	—	560M	846M
Income tax	111M	146M	172M	111M	138M	308M	154M	94M	147M	—	146M	180M
Net income	336M	584M	519M	322M	443M	451M	470M	276M	410M	—	414M	666M
Net margin	4.71%	7.45%	6.73%	4.83%	6.06%	5.68%	6.05%	4.02%	5.38%	—	5.54%	7.61%
EBITDA	703M	854M	816M	560M	709M	893M	760M	510M	767M	—	704M	999M
EPS	1.64	2.86	2.55	1.58	2.19	2.24	2.34	1.38	2.07	1.99	2.13	3.44
Diluted EPS	1.63	2.85	2.54	1.58	2.18	2.23	2.34	1.38	2.07	1.99	2.13	3.43

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.2B	2.4B	747M	1.1B	2B	1.3B	771M	601M	571M	674M
Receivables	2.5B	2.3B	2.6B	2.7B	2.6B	2.8B	3.6B	3.6B	3.6B	4B
Inventory	2.7B	2.4B	2.5B	2.8B	2.9B	3.3B	4.3B	3.9B	4.2B	4.5B
Total current assets	6.9B	9.4B	6.6B	7.2B	8.1B	8.1B	9.6B	9.1B	9.4B	10.1B
Property, plant & equipment	1.4B	640M	635M	850M	1.2B	936M	1B	1.4B	1.5B	1.7B
Goodwill & intangibles	2.9B	2.8B	3.4B	4.2B	4.5B	4.7B	5.7B	6B	6.2B	6.4B
Total assets	10.8B	12.6B	10.1B	11.4B	13.5B	13.7B	15.7B	16B	16.6B	17.7B
Accounts payable	2.8B	2.3B	2.6B	2.9B	2.9B	3B	3.6B	3.4B	3.4B	3.6B
Short-term debt	931.5M	2.2B	386M	54M	812M	263M	571M	421M	545M	847M
Total current liabilities	4.7B	6.5B	4B	4.2B	4.7B	4.7B	5.8B	5.4B	5.2B	6B
Long-term debt	1.6B	1.1B	1.5B	2.3B	3.7B	3.3B	4.6B	4.8B	5B	5.1B
Total liabilities	6.9B	8B	6.1B	7B	9.1B	8.7B	11B	11B	11B	11.9B
Shareholders' equity	3.8B	4.5B	4.1B	4.3B	4.4B	5B	4.7B	5B	5.6B	5.8B
Total debt	2.5B	3.3B	1.9B	2.4B	4.5B	3.6B	5.1B	5.3B	5.5B	6B
Net debt	1.4B	817M	1.2B	1.3B	2.5B	2.3B	4.4B	4.7B	4.9B	5.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	625M	601M	—	—	—	—	—	—	—	—	820M	437M
Receivables	3.4B	3.6B	—	—	—	—	—	—	—	—	3.7B	4.3B
Inventory	4.1B	3.9B	—	—	—	—	—	—	—	—	4.7B	5.1B
Total current assets	8.9B	9.1B	—	—	—	—	—	—	—	—	10.2B	11B
Property, plant & equipment	2.9B	1.4B	—	—	—	—	—	—	—	—	3.8B	3.9B
Goodwill & intangibles	5.5B	6B	—	—	—	—	—	—	—	—	6.3B	7.3B
Total assets	15.4B	16B	—	—	—	—	—	—	—	—	17.8B	19.3B
Accounts payable	3.3B	3.4B	—	—	—	—	—	—	—	—	3.7B	4.1B
Short-term debt	398M	421M	—	—	—	—	—	—	—	—	613M	925M
Total current liabilities	5.1B	5.4B	—	—	—	—	—	—	—	—	5.7B	6.4B
Long-term debt	4.8B	4.8B	—	—	—	—	—	—	—	—	5.5B	6B
Total liabilities	10.6B	11B	—	—	—	—	—	—	—	—	11.9B	13.1B
Shareholders' equity	4.7B	5B	—	—	—	—	—	—	—	—	5.9B	6.2B
Total debt	5.2B	5.3B	—	—	—	—	—	—	—	—	6.1B	6.9B
Net debt	4.6B	4.7B	—	—	—	—	—	—	—	—	5.3B	6.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	858.9M	920M	1.3B	1.1B	973M	1.6B	2.1B	1.9B	1.7B	1.9B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	26.4M	28M	35M	34M	29M	77M	57M	51M	49M	28M
Change in working capital	-75.3M	-431.4M	-453M	-304M	120M	-1.7B	-1.7B	502M	-225M	-633M
Operating cash flow	854.9M	565.6M	906M	908M	1.3B	164M	467M	2.4B	1.6B	1.9B
Capital expenditure	-173.1M	-168M	-145M	-298M	-202M	-139M	—	—	—	-305M
Investing cash flow	-310.5M	-177M	724M	-747M	-490M	-23M	-632M	-613M	-229M	-543M
Dividends paid	-314.5M	-328M	-1.4B	-445M	-327M	-1B	-538M	-711M	-784M	-489M
Share repurchases	-396.4M	0	-675M	-150M	-451M	-400M	-1.5B	-908M	-634M	-948M
Financing cash flow	-717.5M	-466M	-1.9B	134M	4M	-2.1B	-744M	-1.8B	-1.3B	-1.3B
Net change in cash	-173.1M	-77.4M	-223M	295M	780M	-1.9B	-909M	22M	17M	79M
Free cash flow	751.8M	726M	737M	872M	1.3B	1.1B	859M	2.3B	1.5B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	336M	584M	—	—	—	—	—	—	—	—	414M	666M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	11M	13M	—	—	—	—	—	—	—	—	16M	19M
Change in working capital	-171M	-26M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	-367M	-1.2B
Operating cash flow	176M	571M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	772M	-56M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	-92M	-142M
Investing cash flow	1M	-431M	—	—	—	—	—	—	—	—	-94M	-706M
Dividends paid	-154M	-154M	—	—	—	—	—	—	—	—	-174M	-173M
Share repurchases	-220M	-124M	—	—	—	—	—	—	—	—	-236M	-202M
Financing cash flow	-483M	-418M	—	—	—	—	—	—	—	—	-413M	396M
Net change in cash	-306M	-278M	-29M	594M	-458M	-205M	-4M	498M	-518M	-297M	265M	-366M
Free cash flow	512M	841M	—	—	—	—	—	—	—	—	680M	-198M

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	13.7B	15.1B	19.5B	17.2B	20.1B	31.3B	27.4B	33.4B	45.2B	43.9B	43.9B
Enterprise value	15B	16B	20.7B	18.5B	22.6B	33.6B	31.8B	38B	50.1B	43.9B	43.9B
Shares outstanding	240.2M	238.1M	245.7M	230.2M	224.8M	223.5M	217.7M	206.4M	202.9M	197.1M	197.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.9	16.5	15.4	15.5	20.9	21.3	12.9	17.7	26	—	—
P/S	0.82	0.79	0.94	0.78	1.01	1.37	0.96	1.12	1.52	—	—
P/B	3.56	3.34	4.82	3.96	4.6	6.26	5.88	6.62	8.04	—	—
EV/EBITDA	11.4	8.38	12.8	10.3	13.7	14.9	10.2	12.3	16.8	—	—
EV/Sales	0.91	0.83	1	0.84	1.13	1.47	1.11	1.28	1.69	—	—
Earnings yield	6.29%	6.07%	6.48%	6.43%	4.78%	4.7%	7.73%	5.66%	3.84%	—	—
FCF yield	5.51%	4.79%	3.77%	5.06%	6.28%	3.65%	3.13%	6.84%	3.32%	—	—

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.6%	29%	29.1%	29.4%	30%	30.6%	30.7%	30.4%	30.5%	—	—
Operating margin	6.44%	7.66%	6.55%	6.8%	6.88%	8.56%	9.87%	9.36%	8.95%	—	—
Net margin	5.18%	4.77%	6.11%	5.03%	4.82%	6.46%	7.43%	6.35%	5.85%	—	—
ROE	22.4%	20.3%	31.2%	25.5%	22%	29.4%	45.5%	37.5%	30.9%	—	—
ROA	7.97%	7.33%	12.5%	9.73%	7.14%	10.7%	13.5%	11.8%	10.5%	—	—
ROIC	14.2%	20.4%	18.5%	21.2%	15.3%	23.5%	24.2%	22%	17.7%	—	—
Return on tangible assets	10.9%	9.45%	18.9%	15.3%	10.7%	16.4%	21.2%	19%	16.8%	—	—

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.45	1.64	1.72	1.7	1.72	1.65	1.67	1.8	—	—
Quick ratio	0.91	1.08	1.02	1.05	1.09	1.02	0.9	0.95	1	—	—
Debt / equity	0.66	0.72	0.47	0.54	1.03	0.72	1.1	1.04	0.98	—	—
Debt / assets	0.23	0.26	0.19	0.21	0.34	0.26	0.33	0.33	0.33	—	—
Net debt / EBITDA	1.03	0.43	0.72	0.72	1.51	1	1.4	1.51	1.66	—	—
Interest coverage	15.7	23.2	18.7	14.6	14.7	20	25.4	14.4	14.8	—	—
Effective tax rate	31.1%	26%	29.1%	19.9%	23.5%	12.5%	22.5%	23.3%	29.6%	—	—

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	69	81	84.5	95.6	88.7	102	131.2	144.1	146.1	—	—
EPS (basic)	3.58	4.32	5.16	4.81	4.28	6.75	9.75	9.15	8.55	10.2	10.2
EPS (diluted)	3.55	4.29	5.12	4.78	4.24	6.71	9.69	9.12	8.53	10.2	10.2
Book value per share	16	19.1	16.5	18.9	19.4	22.4	21.4	24.4	27.7	—	—
FCF per share	3.13	3.05	3	3.79	5.61	5.11	3.95	11.1	7.4	—	—
Cash per share	4.84	10.3	3.04	4.58	9.03	5.97	3.54	2.91	2.81	—	—
Capex per share	0.72	0.71	0.59	1.29	0.9	0.62	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.04%	0.87%	0.7%	1.35%	1.01%	0.61%	—	—	—	—	—
Capex / operating cash flow	20.2%	29.7%	16%	32.8%	16%	84.8%	—	—	—	—	—
Payout ratio	36.6%	35.7%	107.3%	40.2%	34%	70.4%	25.4%	37.6%	45.2%	—	—
Dividend yield	2.3%	2.17%	6.95%	2.58%	1.63%	3.31%	1.96%	2.13%	1.74%	—	—

Yield

—

trailing twelve months

Frequency

Quarterly

Last dividend

$0.89

ex-dividend Aug 21, 2026

Payout ratio

—

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.89
May 15, 2026	$0.89
Mar 6, 2026	$0.89
Jan 2, 2026	$0.89
Sep 26, 2025	$0.83
Jun 20, 2025	$0.83
Mar 21, 2025	$0.83
Dec 20, 2024	$0.83

Split history

Date	Ratio
Jun 11, 2018	947:1000

Ferguson Enterprises Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Ferguson Enterprises Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history