NYSE : FERG
Ferguson Enterprises Inc. — Financial statements
Industrials · Industrial Distribution · United States
Last price 238.68 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 46.17B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ferguson Enterprises Inc. (FERG) reported revenue of 31.45B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 31.45B | 30.80B | 30.76B | 29.64B | 29.73B | 28.57B |
| Cost of Revenue | 21.81B | 21.37B | 21.33B | 20.58B | 20.71B | 19.81B |
| Gross Profit | 9.63B | 9.43B | 9.44B | 9.05B | 9.03B | 8.76B |
| Selling, General & Admin | 6.56B | 6.45B | 6.39B | 6.05B | 5.93B | 5.64B |
| Operating Expenses | 6.95B | 6.82B | 6.76B | 6.39B | 6.25B | 5.94B |
| Operating Income | 2.69B | 2.61B | 2.67B | 2.67B | 2.77B | 2.81B |
| Interest Expense | -191.60M | -189.60M | -190.00M | -179.00M | -184.00M | -111.00M |
| Other Non Operating Income (Expenses) | -20.20M | -19.20M | 19.00M | 5.00M | 2.00M | 5.00M |
| EBT Excluding Unusual Items | 2.48B | 2.40B | 2.50B | 2.49B | 2.59B | 2.71B |
| Merger & Restructuring Charges | 79.20M | 7.20M | -80.00M | -28.00M | -125.00M | |
| Pretax Income | 2.55B | 2.41B | 2.42B | 2.46B | 2.46B | 2.71B |
| Income Tax Expense | 566.80M | 520.80M | 567.00M | 729.00M | 575.00M | 609.00M |
| Earnings From Continuing Operations | 1.99B | 1.89B | 1.86B | 1.74B | 1.89B | 2.10B |
| Earnings From Discontinued Operations | 23.00M | |||||
| Net Income to Company | 1.99B | 1.89B | 1.86B | 1.74B | 1.89B | 2.12B |
| Net Income | 1.99B | 1.89B | 1.86B | 1.74B | 1.89B | 2.12B |
| Net Income to Common | 1.99B | 1.89B | 1.86B | 1.74B | 1.89B | 2.12B |
| Shares Outstanding (Basic) | 193.90M | 195.90M | 198.90M | 202.90M | 206.40M | 217.70M |
| Shares Outstanding (Diluted) | 194.30M | 196.20M | 199.20M | 203.50M | 207.20M | 218.90M |
| EPS (Basic) | 10.25 | 9.63 | 9.33 | 8.55 | 9.15 | 9.75 |
| EPS (Diluted) | 10.24 | 9.62 | 9.32 | 8.53 | 9.12 | 9.70 |
| Free Cash Flow | 1.12B | 1.62B | 1.60B | 1.50B | 2.28B | 859.00M |
| Free Cash Flow Per Share | 5.75 | 8.24 | 8.05 | 7.38 | 11.01 | 3.92 |
| Dividend Per Share | 4.25 | 4.13 | 3.32 | 3.16 | 3.00 | 2.75 |
| Gross Margin | 30.63% | 30.62% | 30.67% | 30.55% | 30.35% | 30.65% |
| Operating Margin | 8.54% | 8.47% | 8.69% | 9.00% | 9.32% | 9.85% |
| Profit Margin | 6.32% | 6.12% | 6.03% | 5.85% | 6.35% | 7.43% |
| Free Cash Flow Margin | 3.55% | 5.25% | 5.21% | 5.07% | 7.67% | 3.01% |
| EBITDA | 3.07B | 2.99B | 3.05B | 3.00B | 3.09B | 3.12B |
| EBITDA Margin | 9.77% | 9.69% | 9.90% | 10.13% | 10.40% | 10.90% |
| D&A For EBITDA | 383.80M | 376.80M | 373.00M | 335.00M | 321.00M | 301.00M |
| EBIT | 2.69B | 2.61B | 2.67B | 2.67B | 2.77B | 2.81B |
| EBIT Margin | 8.54% | 8.47% | 8.69% | 9.00% | 9.32% | 9.85% |
| Effective Tax Rate | 22.19% | 21.63% | 23.40% | 29.59% | 23.34% | 22.49% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 437.00M | 557.00M | 674.00M | 571.00M | 601.00M | 771.00M |
| Cash & Short-Term Investments | 437.00M | 557.00M | 674.00M | 571.00M | 601.00M | 771.00M |
| Accounts Receivable | 4.25B | 3.31B | 3.96B | 3.60B | 3.60B | 3.61B |
| Other Receivables | 559.00M | 471.00M | 491.00M | 443.00M | ||
| Receivables | 4.25B | 3.87B | 4.43B | 4.09B | 4.04B | 3.61B |
| Inventory | 5.10B | 4.59B | 4.49B | 4.19B | 3.90B | 4.33B |
| Prepaid Expenses | 1.20B | 472.00M | 474.00M | 529.00M | 510.00M | 834.00M |
| Other Current Assets | 39.00M | 48.00M | 71.00M | 29.00M | 28.00M | 3.00M |
| Total Current Assets | 11.03B | 9.54B | 10.15B | 9.41B | 9.08B | 9.55B |
| Property, Plant & Equipment | 3.94B | 3.74B | 3.61B | 3.32B | 3.07B | 2.58B |
| Goodwill | 2.71B | 2.47B | 2.46B | 2.36B | 2.24B | 2.05B |
| Other Intangible Assets | 950.00M | 685.00M | 726.00M | 753.00M | 783.00M | 782.00M |
| Long-Term Deferred Tax Assets | 76.00M | 165.00M | 225.00M | 181.00M | 300.00M | 177.00M |
| Other Long-Term Assets | 599.00M | 553.00M | 559.00M | 554.00M | 524.00M | 527.00M |
| Total Assets | 19.30B | 17.15B | 17.73B | 16.57B | 15.99B | 15.66B |
| Accounts Payable | 4.06B | 3.12B | 3.58B | 3.41B | 3.41B | 3.61B |
| Short-Term Debt | 250.00M | |||||
| Current Portion of Long-Term Debt | 448.00M | 148.00M | 400.00M | 150.00M | 55.00M | |
| Current Portion of Leases | 477.00M | 455.00M | 447.00M | 395.00M | 366.00M | 321.00M |
| Other Current Liabilities | 1.39B | 1.41B | 1.60B | 1.26B | 1.60B | 1.62B |
| Total Current Liabilities | 6.38B | 5.12B | 6.03B | 5.22B | 5.43B | 5.80B |
| Long-Term Debt | 4.46B | 3.98B | 3.75B | 3.77B | 3.71B | 3.68B |
| Long-Term Leases | 1.51B | 1.44B | 1.37B | 1.20B | 1.13B | 878.00M |
| Pension & Post-Retirement Benefits | 22.00M | |||||
| Other Long-Term Liabilities | 763.00M | 734.00M | 750.00M | 768.00M | 691.00M | 640.00M |
| Total Liabilities | 13.10B | 11.29B | 11.90B | 10.96B | 10.96B | 11.00B |
| Common Stock | 30.00M | 30.00M | 30.00M | |||
| Additional Paid-In Capital | 1.03B | 996.00M | 926.00M | 864.00M | 809.00M | 760.00M |
| Retained Earnings | 7.89B | 7.17B | 6.78B | 9.59B | 8.56B | 7.59B |
| Treasury Stock | -1.67B | -1.27B | -899.00M | -3.94B | -3.42B | -2.78B |
| Comprehensive Income & Other | -1.05B | -1.03B | -971.00M | -931.00M | -934.00M | -937.00M |
| Total Common Equity | 6.20B | 5.86B | 5.83B | 5.62B | 5.04B | 4.67B |
| Shareholders' Equity | 6.20B | 5.86B | 5.83B | 5.62B | 5.04B | 4.67B |
| Total Liabilities & Equity | 19.30B | 17.15B | 17.73B | 16.57B | 15.99B | 15.66B |
| Total Debt | 6.89B | 6.02B | 5.97B | 5.52B | 5.26B | 5.13B |
| Net Cash (Debt) | -6.45B | -5.46B | -5.29B | -4.95B | -4.66B | -4.36B |
| Net Cash Per Share | -33.20 | -27.83 | -26.57 | -24.30 | -22.48 | -19.90 |
| Filing Date Shares Outstanding | 193.45M | 194.50M | 196.15M | 200.74M | 203.71M | 209.76M |
| Total Common Shares Outstanding | 193.45M | 195.05M | 196.58M | 201.34M | 204.00M | 210.25M |
| Working Capital | 4.65B | 4.41B | 4.12B | 4.19B | 3.65B | 3.75B |
| Book Value Per Share | 32.05 | 30.03 | 29.67 | 27.89 | 24.69 | 22.19 |
| Tangible Book Value | 2.54B | 2.70B | 2.64B | 2.51B | 2.01B | 1.83B |
| Tangible Book Value Per Share | 13.12 | 13.85 | 13.44 | 12.45 | 9.87 | 8.73 |
| Land | 397.00M | 399.00M | 388.00M | 348.00M | 273.00M | |
| Buildings | 1.19B | 1.21B | 1.19B | 1.13B | 1.10B | |
| Machinery | 1.24B | 1.19B | 1.09B | 990.00M | 865.00M | |
| Leasehold Improvements | 785.00M | 719.00M | 618.00M | 529.00M | 455.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.99B | 1.89B | 1.86B | 1.74B | 1.89B | 2.12B |
| Depreciation & Amortization | 383.80M | 376.80M | 373.00M | 335.00M | 321.00M | 301.00M |
| Asset Writedown & Restructuring Costs | 125.00M | 15.00M | ||||
| Stock-Based Compensation | 188.00M | 168.00M | 28.00M | 49.00M | 51.00M | 57.00M |
| Other Operating Activities | -27.00M | -12.00M | -1.00M | 13.00M | 11.00M | -13.00M |
| Change in Accounts Receivable | 1.10B | 1.33B | -321.00M | -98.00M | -1.00M | -780.00M |
| Change in Inventory | -507.80M | -208.80M | -273.00M | -252.00M | 607.00M | -927.00M |
| Change in Accounts Payable | -1.56B | -1.69B | 278.00M | 11.00M | -196.00M | 436.00M |
| Change in Income Taxes | -160.60M | 26.40M | 7.00M | -45.00M | 24.00M | -103.00M |
| Operating Cash Flow | 1.65B | 2.06B | 1.91B | 1.87B | 2.72B | 1.15B |
| Capital Expenditures | -537.00M | -444.00M | -305.00M | -372.00M | -441.00M | -290.00M |
| Cash Acquisitions | -407.40M | -50.40M | -301.00M | -260.00M | -616.00M | -650.00M |
| Other Investing Activities | 102.80M | 100.80M | 63.00M | 31.00M | 3.00M | 18.00M |
| Investing Cash Flow | -841.60M | -393.60M | -543.00M | -601.00M | -1.05B | -922.00M |
| Short-Term Debt Issued | 4.00M | |||||
| Long-Term Debt Issued | 4.62B | 2.25B | 2.77B | 2.02B | ||
| Total Debt Issued | 3.67B | 4.19B | 4.62B | 2.25B | 2.77B | 2.02B |
| Short-Term Debt Repaid | -16.00M | -15.00M | -4.00M | |||
| Long-Term Debt Repaid | -4.40B | -2.11B | -2.93B | -575.00M | ||
| Total Debt Repaid | -2.63B | -4.27B | -4.40B | -2.13B | -2.94B | -579.00M |
| Net Debt Issued (Repaid) | 1.04B | -79.20M | 225.00M | 129.00M | -170.00M | 1.44B |
| Issuance of Common Stock | 17.00M | 17.00M | 13.00M | |||
| Repurchase of Common Stock | -986.80M | -976.80M | -948.00M | -634.00M | -908.00M | -1.64B |
| Common Dividends Paid | -799.40M | -782.40M | -489.00M | -784.00M | -711.00M | -538.00M |
| Other Financing Activities | -116.80M | -136.80M | -74.00M | -41.00M | -35.00M | -22.00M |
| Financing Cash Flow | -867.20M | -1.98B | -1.29B | -1.31B | -1.81B | -744.00M |
| Foreign Exchange Rate Adjustments | -25.20M | 4.80M | 3.00M | -3.00M | 22.00M | -40.00M |
| Net Cash Flow | -79.40M | -302.40M | 82.00M | -44.00M | -116.00M | -557.00M |
| Free Cash Flow | 1.12B | 1.62B | 1.60B | 1.50B | 2.28B | 859.00M |
| Free Cash Flow Margin | 3.55% | 5.25% | 5.21% | 5.07% | 7.67% | 3.01% |
| Free Cash Flow Per Share | 5.75 | 8.24 | 8.05 | 7.38 | 11.01 | 3.92 |
| Levered Free Cash Flow | 1.53B | 866.38M | 1.63B | 524.38M | ||
| Unlevered Free Cash Flow | 1.64B | 978.25M | 1.75B | 593.75M | ||
| Cash Interest Paid | 212.60M | 213.60M | 189.00M | 188.00M | 182.00M | 94.00M |
| Cash Income Tax Paid | 483.40M | 302.40M | 601.00M | 651.00M | 656.00M | 670.00M |
| Change in Working Capital | -877.60M | -357.60M | -348.00M | -259.00M | 330.00M | -1.33B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 46.17B | 43.53B | 44.04B | 44.84B | 32.93B | 26.64B |
| Enterprise Value | 52.62B | 49.03B | 49.35B | 49.36B | 37.53B | 30.17B |
| Last Close Price | 238.68 | 219.25 | 219.13 | 214.64 | 153.25 | 115.59 |
| PE Ratio | 23.30 | 23.08 | 23.73 | 25.84 | 17.43 | 12.55 |
| Forward PE | 19.94 | 20.42 | 18.20 | 21.48 | 17.49 | 20.77 |
| PS Ratio | 1.47 | 1.41 | 1.43 | 1.51 | 1.11 | 0.93 |
| PB Ratio | 7.45 | 7.43 | 7.55 | 7.99 | 6.54 | 5.71 |
| P/TBV Ratio | 18.19 | 16.11 | 16.67 | 17.89 | 16.36 | 14.52 |
| P/FCF Ratio | 41.31 | 26.91 | 27.47 | 29.87 | 14.43 | 31.02 |
| P/OCF Ratio | 27.91 | 21.12 | 23.08 | 23.94 | 12.09 | 23.19 |
| PEG Ratio | 2.62 | 2.62 | 2.62 | 2.62 | 2.62 | |
| EV/Sales Ratio | 1.67 | 1.59 | 1.60 | 1.67 | 1.26 | 1.06 |
| EV/EBITDA Ratio | 17.14 | 16.42 | 16.20 | 16.45 | 12.14 | 9.69 |
| EV/EBIT Ratio | 19.59 | 18.79 | 18.45 | 18.51 | 13.54 | 10.72 |
| EV/FCF Ratio | 47.09 | 30.31 | 30.78 | 32.88 | 16.45 | 35.13 |
| Debt / Equity Ratio | 1.11 | 1.03 | 1.02 | 0.98 | 1.04 | 1.10 |
| Debt / EBITDA Ratio | 2.24 | 2.02 | 1.63 | 1.55 | 1.46 | 1.44 |
| Debt / FCF Ratio | 6.16 | 3.72 | 3.72 | 3.68 | 2.30 | 5.97 |
| Net Debt / Equity Ratio | 1.04 | 0.93 | 0.91 | 0.88 | 0.93 | 0.93 |
| Net Debt / EBITDA Ratio | 2.10 | 1.83 | 1.74 | 1.65 | 1.51 | 1.40 |
| Net Debt / FCF Ratio | 5.77 | 3.38 | 3.30 | 3.29 | 2.04 | 5.07 |
| Asset Turnover | 1.79 | 1.82 | 1.88 | 1.95 | ||
| Inventory Turnover | 4.91 | 5.09 | 5.03 | 5.21 | ||
| Quick Ratio | 0.74 | 0.86 | 0.85 | 0.89 | 0.85 | 0.76 |
| Current Ratio | 1.73 | 1.86 | 1.68 | 1.80 | 1.67 | 1.65 |
| Return on Equity (ROE) | 32.42% | 32.57% | 38.94% | 43.42% | ||
| Return on Assets (ROA) | 9.74% | 10.23% | 10.94% | 11.98% | ||
| Return on Invested Capital (ROIC) | 17.58% | 18.22% | 18.89% | 18.54% | 22.70% | 26.78% |
| Return on Capital Employed (ROCE) | 20.80% | 21.70% | 22.90% | 23.50% | 26.20% | 28.50% |
| Earnings Yield | 4.29% | 4.33% | 4.21% | 3.87% | 5.74% | 7.96% |
| FCF Yield | 2.42% | 3.72% | 3.64% | 3.35% | 6.93% | 3.22% |
| Dividend Yield | 1.49% | 1.85% | 1.48% | 1.42% | 1.86% | 2.17% |
| Payout Ratio | 34.76% | 41.48% | 26.35% | 45.19% | 37.64% | 25.35% |
| Buyback Yield / Dilution | 2.46% | 1.51% | 2.11% | 1.79% | 5.34% | 2.62% |
| Total Shareholder Return | 3.95% | 3.36% | 3.60% | 3.21% | 7.20% | 4.79% |