Ferguson (FERG) Financials

$235.02 +3.55 (+1.53%)

Closing price 10/13/2025 03:59 PM Eastern

Extended Trading

$230.98 -4.04 (-1.72%)

As of 07:01 AM Eastern

Annual Income Statements for Ferguson

This table shows Ferguson's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2,122	1,889	1,735	1,856
Consolidated Net Income / (Loss)	2,122	1,889	1,735	1,856
Net Income / (Loss) Continuing Operations	2,099	1,889	1,735	1,856
Total Pre-Tax Income	2,708	2,464	2,464	2,423
Total Operating Income	2,820	2,659	2,652	2,606
Total Gross Profit	8,756	9,025	9,053	9,435
Total Revenue	28,566	29,734	29,635	30,762
Operating Revenue	28,566	29,734	29,635	30,762
Total Cost of Revenue	19,810	20,709	20,582	21,327
Operating Cost of Revenue	19,810	20,709	20,582	21,327
Total Operating Expenses	5,936	6,366	6,401	6,829
Selling, General & Admin Expense	5,635	5,920	6,038	6,376
Depreciation Expense	301	321	335	373
Restructuring Charge	-	125	28	80
Total Other Income / (Expense), net	-112	-195	-188	-183
Interest Expense	111	184	179	190
Other Income / (Expense), net	-1.00	-11	-9.00	7.00
Income Tax Expense	609	575	729	567
Basic Earnings per Share	$9.75	$9.15	$8.55	$9.33
Weighted Average Basic Shares Outstanding	217.70M	206.40M	202.90M	198.90M
Diluted Earnings per Share	$9.69	$9.12	$8.53	$9.32
Weighted Average Diluted Shares Outstanding	218.90M	207.20M	203.50M	199.20M
Weighted Average Basic & Diluted Shares Outstanding	-	-	200.74M	196.15M

This table shows Ferguson's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	519	322	443	451	470	276	410	700
Consolidated Net Income / (Loss)	519	322	443	451	470	276	410	700
Net Income / (Loss) Continuing Operations	519	322	443	451	470	276	410	700
Total Pre-Tax Income	691	433	581	759	624	370	557	872
Total Operating Income	739	477	625	811	665	410	606	925
Total Gross Profit	2,331	2,029	2,232	2,461	2,340	2,042	2,359	2,694
Total Revenue	7,708	6,673	7,308	7,946	7,772	6,872	7,621	8,497
Operating Revenue	7,708	6,673	7,308	7,946	7,772	6,872	7,621	8,497
Total Cost of Revenue	5,377	4,644	5,076	5,485	5,432	4,830	5,262	5,803
Operating Cost of Revenue	5,377	4,644	5,076	5,485	5,432	4,830	5,262	5,803
Total Operating Expenses	1,592	1,552	1,607	1,650	1,675	1,632	1,753	1,769
Selling, General & Admin Expense	1,512	1,469	1,510	1,547	1,585	1,540	1,589	1,662
Depreciation Expense	80	83	85	87	90	92	94	97
Total Other Income / (Expense), net	-48	-44	-44	-52	-41	-40	-49	-53
Interest Expense	45	44	43	47	46	48	46	50
Other Income / (Expense), net	-3.00	0.00	-1.00	-5.00	5.00	8.00	-3.00	-3.00
Income Tax Expense	172	111	138	308	154	94	147	172
Basic Earnings per Share	$2.55	$1.58	$2.19	$2.23	$2.34	$1.38	$2.07	$3.54
Weighted Average Basic Shares Outstanding	203.80M	203.40M	202.60M	202.90M	200.80M	199.60M	198.30M	198.90M
Diluted Earnings per Share	$2.54	$1.58	$2.18	$2.23	$2.34	$1.38	$2.07	$3.53
Weighted Average Diluted Shares Outstanding	204.60M	203.90M	203.20M	203.50M	201.30M	199.80M	198.50M	199.20M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	200.74M	199.95M	198.70M	197.18M	196.15M

This table details how cash moves in and out of Ferguson's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Net Change in Cash & Equivalents	-517	-138	-41	79
Net Cash From Operating Activities	1,149	2,723	1,873	1,908
Net Cash From Continuing Operating Activities	1,149	2,727	1,873	1,908
Net Income / (Loss) Continuing Operations	2,099	1,889	1,735	1,856
Consolidated Net Income / (Loss)	2,122	1,889	1,735	1,856
Depreciation Expense	301	321	335	373
Non-Cash Adjustments To Reconcile Net Income	113	198	46	31
Changes in Operating Assets and Liabilities, net	-1,364	341	-246	-349
Net Cash From Discontinued Operating Activities	0.00	-4.00	0.00	0.00
Net Cash From Investing Activities	-922	-1,054	-601	-543
Net Cash From Continuing Investing Activities	-946	-1,054	-601	-543
Purchase of Property, Plant & Equipment	-290	-441	-372	-305
Acquisitions	-650	-616	-260	-301
Other Investing Activities, net	-6.00	3.00	31	63
Net Cash From Financing Activities	-744	-1,807	-1,313	-1,286
Net Cash From Continuing Financing Activities	-744	-1,807	-1,313	-1,286
Repayment of Debt	-601	-2,980	-2,167	-4,470
Repurchase of Common Equity	-1,545	-908	-634	-948
Payment of Dividends	-538	-711	-784	-489
Issuance of Debt	2,019	2,775	2,255	4,621
Issuance of Common Equity	13	17	17	0.00
Cash Interest Paid	94	182	188	189
Cash Income Taxes Paid	670	656	651	601

This table details how cash moves in and out of Ferguson's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Change in Cash & Equivalents	148	-113	59	-135	32	172	-276	151
Net Cash From Operating Activities	557	306	644	366	345	340	682	541
Net Cash From Continuing Operating Activities	557	306	636	374	342	343	685	538
Net Income / (Loss) Continuing Operations	519	322	443	451	470	276	410	700
Consolidated Net Income / (Loss)	519	322	443	451	470	276	410	700
Depreciation Expense	80	83	85	87	90	92	94	97
Non-Cash Adjustments To Reconcile Net Income	10	8.00	13	15	8.00	2.00	15	6.00
Changes in Operating Assets and Liabilities, net	-52	-107	95	-182	-226	-27	166	-262
Net Cash From Investing Activities	-96	-135	-187	-183	-99	-93	-272	-79
Net Cash From Continuing Investing Activities	-96	-135	-187	-183	-99	-93	-272	-79
Purchase of Property, Plant & Equipment	-91	-101	-71	-109	-77	-81	-77	-70
Acquisitions	-12	-55	-118	-75	-22	-24	-196	-59
Other Investing Activities, net	7.00	21	2.00	1.00	0.00	12	1.00	50
Net Cash From Financing Activities	-313	-284	-398	-318	-214	-75	-686	-311
Net Cash From Continuing Financing Activities	-313	-284	-398	-318	-214	-75	-686	-311
Repayment of Debt	-553	-614	-317	-683	-1,579	-565	-1,094	-1,232
Repurchase of Common Equity	-108	-142	-171	-213	-256	-252	-251	-189
Payment of Dividends	-152	-153	-160	-319	0.00	-158	-166	-165
Issuance of Debt	500	625	250	880	1,621	900	825	1,275
Cash Interest Paid	70	27	65	26	74	20	77	18
Cash Income Taxes Paid	9.00	321	175	146	0.00	291	93	217

This table presents Ferguson's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	7/31/2023	7/31/2024	7/31/2025
Total Assets	15,994	16,572	17,729
Total Current Assets	9,077	9,410	10,146
Cash & Equivalents	601	571	674
Accounts Receivable	3,597	3,602	3,964
Inventories, net	3,898	4,188	4,492
Prepaid Expenses	953	1,020	945
Other Current Nonoperating Assets	28	29	71
Plant, Property, & Equipment, net	1,595	1,752	1,846
Total Noncurrent Assets	5,322	5,410	5,737
Goodwill	2,241	2,357	2,464
Intangible Assets	783	753	726
Noncurrent Deferred & Refundable Income Taxes	300	181	225
Other Noncurrent Operating Assets	1,998	2,119	2,322
Total Liabilities & Shareholders' Equity	15,994	16,572	17,729
Total Liabilities	10,957	10,956	11,897
Total Current Liabilities	5,429	5,216	6,028
Short-Term Debt	55	150	400
Accounts Payable	3,408	3,410	3,577
Other Current Liabilities	1,966	1,656	2,025
Other Current Nonoperating Liabilities	-	0.00	26
Total Noncurrent Liabilities	5,528	5,740	5,869
Long-Term Debt	3,711	3,774	3,752
Other Noncurrent Operating Liabilities	1,817	1,966	2,117
Total Equity & Noncontrolling Interests	5,037	5,616	5,832
Total Preferred & Common Equity	5,037	5,616	5,832
Total Common Equity	5,037	5,616	5,832
Common Stock	839	894	926
Retained Earnings	8,557	9,589	6,776
Treasury Stock	-3,425	-3,936	-899
Accumulated Other Comprehensive Income / (Loss)	-888	-931	-971

This table presents Ferguson's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q2 2025	Q3 2025
Period end date	10/31/2024	1/31/2025	4/30/2025
Total Assets	16,858	16,530	17,265
Total Current Assets	9,625	9,225	9,776
Cash & Equivalents	601	764	519
Accounts Receivable	3,642	3,200	3,748
Inventories, net	4,393	4,273	4,548
Prepaid Expenses	963	962	917
Other Current Nonoperating Assets	26	26	44
Plant, Property, & Equipment, net	1,780	1,808	1,832
Total Noncurrent Assets	5,453	5,497	5,657
Goodwill	2,363	2,361	2,427
Intangible Assets	720	699	750
Noncurrent Deferred & Refundable Income Taxes	186	188	197
Other Noncurrent Operating Assets	2,184	2,249	2,283
Total Liabilities & Shareholders' Equity	16,858	16,530	17,265
Total Liabilities	11,203	11,041	11,734
Total Current Liabilities	5,739	5,057	5,971
Short-Term Debt	550	400	400
Accounts Payable	3,430	3,027	3,775
Other Current Liabilities	1,759	1,630	1,796
Total Noncurrent Liabilities	5,464	5,984	5,763
Long-Term Debt	3,447	3,949	3,701
Other Noncurrent Operating Liabilities	2,017	2,035	2,062
Total Equity & Noncontrolling Interests	5,655	5,489	5,531
Total Preferred & Common Equity	5,655	5,489	5,531
Total Common Equity	5,655	5,489	5,531
Common Stock	910	912	920
Retained Earnings	5,889	5,998	6,241
Treasury Stock	-211	-457	-714
Accumulated Other Comprehensive Income / (Loss)	-933	-964	-916

This table displays calculated financial ratios and metrics derived from Ferguson's official financial filings.

Metric	2022	2023	2024	2025
Period end date	7/31/2022	7/31/2023	7/31/2024	7/31/2025
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	4.09%	-0.33%	3.80%
EBITDA Growth	0.00%	-4.84%	0.30%	0.27%
EBIT Growth	0.00%	-6.07%	-0.19%	-1.14%
NOPAT Growth	0.00%	-6.74%	-8.39%	6.90%
Net Income Growth	0.00%	-10.98%	-8.15%	6.97%
EPS Growth	0.00%	-5.88%	-6.47%	9.26%
Operating Cash Flow Growth	0.00%	136.99%	-31.22%	1.87%
Free Cash Flow Firm Growth	0.00%	0.00%	117.95%	51.74%
Invested Capital Growth	0.00%	0.00%	9.37%	3.64%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.82%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	4.41%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	4.65%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	15.15%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	15.49%
EPS Q/Q Growth	0.00%	0.00%	0.00%	16.21%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	10.10%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	2.16%
Profitability Metrics	-	-	-	-
Gross Margin	30.65%	30.35%	30.55%	30.67%
EBITDA Margin	10.92%	9.99%	10.05%	9.71%
Operating Margin	9.87%	8.94%	8.95%	8.47%
EBIT Margin	9.87%	8.91%	8.92%	8.49%
Profit (Net Income) Margin	7.43%	6.35%	5.85%	6.03%
Tax Burden Percent	78.36%	76.66%	70.41%	76.60%
Interest Burden Percent	96.06%	93.05%	93.23%	92.73%
Effective Tax Rate	22.49%	23.34%	29.59%	23.40%
Return on Invested Capital (ROIC)	0.00%	49.88%	21.82%	21.93%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	40.35%	17.73%	17.78%
Return on Net Nonoperating Assets (RNNOA)	0.00%	25.13%	10.75%	10.49%
Return on Equity (ROE)	0.00%	75.01%	32.57%	32.42%
Cash Return on Invested Capital (CROIC)	0.00%	-150.12%	12.87%	18.36%
Operating Return on Assets (OROA)	0.00%	16.56%	16.23%	15.24%
Return on Assets (ROA)	0.00%	11.81%	10.66%	10.82%
Return on Common Equity (ROCE)	0.00%	75.01%	32.57%	32.42%
Return on Equity Simple (ROE_SIMPLE)	0.00%	37.50%	30.89%	0.00%
Net Operating Profit after Tax (NOPAT)	2,186	2,038	1,867	1,996
NOPAT Margin	7.65%	6.86%	6.30%	6.49%
Net Nonoperating Expense Percent (NNEP)	0.00%	9.53%	4.10%	4.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	19.99%
Cost of Revenue to Revenue	69.35%	69.65%	69.45%	69.33%
SG&A Expenses to Revenue	19.73%	19.91%	20.47%	20.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.78%	21.41%	21.60%	22.20%
Earnings before Interest and Taxes (EBIT)	2,819	2,648	2,643	2,613
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,120	2,969	2,978	2,986
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	7.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	16.78
Price to Revenue (P/Rev)	0.00	0.00	0.00	1.44
Price to Earnings (P/E)	0.00	0.00	0.00	23.88
Dividend Yield	0.00%	0.00%	0.00%	1.47%
Earnings Yield	0.00%	0.00%	0.00%	4.19%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	5.16
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	1.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	16.01
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	18.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	23.95
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	25.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	28.60
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.75	0.70	0.71
Long-Term Debt to Equity	0.00	0.74	0.67	0.64
Financial Leverage	0.00	0.62	0.61	0.59
Leverage Ratio	0.00	3.18	3.06	3.00
Compound Leverage Factor	0.00	2.95	2.85	2.78
Debt to Total Capital	0.00%	42.78%	41.13%	41.59%
Short-Term Debt to Total Capital	0.00%	0.62%	1.57%	4.01%
Long-Term Debt to Total Capital	0.00%	42.16%	39.56%	37.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	57.22%	58.87%	58.41%
Debt to EBITDA	0.00	1.27	1.32	1.39
Net Debt to EBITDA	0.00	1.07	1.13	1.16
Long-Term Debt to EBITDA	0.00	1.25	1.27	1.26
Debt to NOPAT	0.00	1.85	2.10	2.08
Net Debt to NOPAT	0.00	1.55	1.80	1.74
Long-Term Debt to NOPAT	0.00	1.82	2.02	1.88
Altman Z-Score	0.00	0.00	0.00	5.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	1.67	1.80	1.68
Quick Ratio	0.00	0.77	0.80	0.77
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-6,136	1,101	1,671
Operating Cash Flow to CapEx	396.21%	617.46%	503.49%	625.57%
Free Cash Flow to Firm to Interest Expense	0.00	-33.35	6.15	8.80
Operating Cash Flow to Interest Expense	10.35	14.80	10.46	10.04
Operating Cash Flow Less CapEx to Interest Expense	7.74	12.40	8.39	8.44
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	1.86	1.82	1.79
Accounts Receivable Turnover	0.00	8.27	8.23	8.13
Inventory Turnover	0.00	5.31	5.09	4.91
Fixed Asset Turnover	0.00	18.64	17.71	17.10
Accounts Payable Turnover	0.00	6.08	6.04	6.10
Days Sales Outstanding (DSO)	0.00	44.16	44.33	44.89
Days Inventory Outstanding (DIO)	0.00	68.70	71.70	74.28
Days Payable Outstanding (DPO)	0.00	60.07	60.46	59.79
Cash Conversion Cycle (CCC)	0.00	52.79	55.58	59.37
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	8,174	8,940	9,265
Invested Capital Turnover	0.00	7.28	3.46	3.38
Increase / (Decrease) in Invested Capital	0.00	8,174	766	325
Enterprise Value (EV)	0.00	0.00	0.00	47,801
Market Capitalization	0.00	0.00	0.00	44,323
Book Value per Share	$0.00	$24.40	$27.68	$29.58
Tangible Book Value per Share	$0.00	$9.75	$12.35	$13.40
Total Capital	0.00	8,803	9,540	9,984
Total Debt	0.00	3,766	3,924	4,152
Total Long-Term Debt	0.00	3,711	3,774	3,752
Net Debt	0.00	3,165	3,353	3,478
Capital Expenditures (CapEx)	290	441	372	305
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	3,102	3,773	3,844
Debt-free Net Working Capital (DFNWC)	0.00	3,703	4,344	4,518
Net Working Capital (NWC)	0.00	3,648	4,194	4,118
Net Nonoperating Expense (NNE)	64	149	132	140
Net Nonoperating Obligations (NNO)	0.00	3,137	3,324	3,433
Total Depreciation and Amortization (D&A)	301	321	335	373
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	10.43%	12.73%	12.50%
Debt-free Net Working Capital to Revenue	0.00%	12.45%	14.66%	14.69%
Net Working Capital to Revenue	0.00%	12.27%	14.15%	13.39%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$8.55	$9.33
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	202.90M	198.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$8.53	$9.32
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	203.50M	199.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	200.74M	196.15M
Normalized Net Operating Profit after Tax (NOPAT)	2,186	2,134	1,867	2,057
Normalized NOPAT Margin	7.65%	7.18%	6.30%	6.69%
Pre Tax Income Margin	9.48%	8.29%	8.31%	7.88%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	25.40	14.39	14.77	13.75
NOPAT to Interest Expense	19.69	11.08	10.43	10.51
EBIT Less CapEx to Interest Expense	22.78	11.99	12.69	12.15
NOPAT Less CapEx to Interest Expense	17.08	8.68	8.35	8.90
Payout Ratios	-	-	-	-
Dividend Payout Ratio	25.35%	37.64%	45.19%	26.35%
Augmented Payout Ratio	98.16%	85.71%	81.73%	77.42%

This table displays calculated financial ratios and metrics derived from Ferguson's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.83%	2.98%	4.28%	6.93%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-6.86%	-8.93%	-1.69%	14.11%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-8.97%	-12.37%	-3.37%	14.39%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-9.76%	-13.78%	-6.40%	54.09%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-9.44%	-14.29%	-7.45%	55.21%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-7.87%	-12.66%	-5.05%	58.30%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-38.06%	11.11%	5.90%	47.81%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.64%
Revenue Q/Q Growth	0.00%	-13.43%	9.52%	8.73%	0.00%	-11.58%	10.90%	11.49%
EBITDA Q/Q Growth	0.00%	-31.37%	26.61%	25.95%	0.00%	-32.89%	36.67%	46.20%
EBIT Q/Q Growth	0.00%	-35.19%	30.82%	29.17%	0.00%	-37.61%	44.26%	52.90%
NOPAT Q/Q Growth	0.00%	-36.09%	34.34%	1.12%	0.00%	-38.94%	45.85%	66.46%
Net Income Q/Q Growth	0.00%	-37.96%	37.58%	1.81%	0.00%	-41.28%	48.55%	70.73%
EPS Q/Q Growth	0.00%	-37.80%	37.97%	2.29%	0.00%	-41.03%	50.00%	70.53%
Operating Cash Flow Q/Q Growth	0.00%	-45.06%	110.46%	-43.17%	0.00%	-1.45%	100.59%	-20.67%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-2.56%	1.36%	104.84%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.23%	2.16%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	30.24%	30.41%	30.54%	30.97%	30.11%	29.71%	30.95%	31.71%
EBITDA Margin	10.59%	8.39%	9.70%	11.24%	9.78%	7.42%	9.15%	11.99%
Operating Margin	9.59%	7.15%	8.55%	10.21%	8.56%	5.97%	7.95%	10.89%
EBIT Margin	9.55%	7.15%	8.54%	10.14%	8.62%	6.08%	7.91%	10.85%
Profit (Net Income) Margin	6.73%	4.83%	6.06%	5.68%	6.05%	4.02%	5.38%	8.24%
Tax Burden Percent	75.11%	74.36%	76.25%	59.42%	75.32%	74.59%	73.61%	80.28%
Interest Burden Percent	93.89%	90.78%	93.11%	94.17%	93.13%	88.52%	92.37%	94.58%
Effective Tax Rate	24.89%	25.64%	23.75%	40.58%	24.68%	25.41%	26.39%	19.72%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	20.10%	42.42%	29.41%	39.00%	29.53%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	19.17%	40.58%	27.74%	36.96%	28.27%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	11.35%	24.18%	17.98%	23.64%	16.69%
Return on Equity (ROE)	0.00%	0.00%	0.00%	31.45%	66.60%	47.40%	62.64%	46.22%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	12.32%	0.00%	0.00%	0.00%	18.36%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	18.46%	15.19%	11.00%	13.85%	19.46%
Return on Assets (ROA)	0.00%	0.00%	0.00%	10.33%	10.65%	7.26%	9.41%	14.78%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	31.45%	66.60%	47.40%	62.64%	46.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	29.81%	29.88%	29.05%	0.00%
Net Operating Profit after Tax (NOPAT)	555	355	477	482	501	306	446	743
NOPAT Margin	7.20%	5.32%	6.52%	6.06%	6.44%	4.45%	5.85%	8.74%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.93%	1.83%	1.68%	2.04%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	5.05%	5.19%	3.11%	4.63%	7.44%
Cost of Revenue to Revenue	69.76%	69.59%	69.46%	69.03%	69.89%	70.29%	69.05%	68.29%
SG&A Expenses to Revenue	19.62%	22.01%	20.66%	19.47%	20.39%	22.41%	20.85%	19.56%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.65%	23.26%	21.99%	20.77%	21.55%	23.75%	23.00%	20.82%
Earnings before Interest and Taxes (EBIT)	736	477	624	806	670	418	603	922
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	816	560	709	893	760	510	697	1,019
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	7.00	6.59	6.09	7.60
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	15.40	14.90	14.31	16.78
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	1.33	1.21	1.11	1.44
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	23.49	22.07	20.96	23.88
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.40%	0.89%	1.44%	1.47%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	4.26%	4.53%	4.77%	4.19%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	4.76	4.40	4.11	5.16
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	1.45	1.33	1.23	1.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	14.72	13.85	13.03	16.01
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	16.69	15.80	14.92	18.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	23.71	22.54	21.49	23.95
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	25.89	23.46	21.50	25.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.60
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.70	0.71	0.79	0.74	0.71
Long-Term Debt to Equity	0.00	0.00	0.00	0.67	0.61	0.72	0.67	0.64
Financial Leverage	0.00	0.00	0.00	0.59	0.60	0.65	0.64	0.59
Leverage Ratio	0.00	0.00	0.00	3.06	2.98	3.01	3.12	3.00
Compound Leverage Factor	0.00	0.00	0.00	2.88	2.78	2.67	2.88	2.83
Debt to Total Capital	0.00%	0.00%	0.00%	41.13%	41.41%	44.21%	42.58%	41.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.57%	5.70%	4.07%	4.15%	4.01%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	39.56%	35.71%	40.14%	38.42%	37.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	58.87%	58.59%	55.79%	57.42%	58.41%
Debt to EBITDA	0.00	0.00	0.00	1.32	1.37	1.51	1.43	1.39
Net Debt to EBITDA	0.00	0.00	0.00	1.13	1.16	1.25	1.25	1.16
Long-Term Debt to EBITDA	0.00	0.00	0.00	1.27	1.18	1.38	1.29	1.26
Debt to NOPAT	0.00	0.00	0.00	2.10	2.20	2.46	2.37	2.08
Net Debt to NOPAT	0.00	0.00	0.00	1.80	1.87	2.03	2.07	1.74
Long-Term Debt to NOPAT	0.00	0.00	0.00	2.02	1.90	2.24	2.13	1.88
Altman Z-Score	0.00	0.00	0.00	0.00	4.78	4.67	4.36	4.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.80	1.68	1.82	1.64	1.68
Quick Ratio	0.00	0.00	0.00	0.80	0.74	0.78	0.71	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-8,524	-8,742	-8,623	418
Operating Cash Flow to CapEx	612.09%	302.97%	907.04%	335.78%	448.05%	419.75%	885.71%	772.86%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-185.31	-182.13	-187.46	8.35
Operating Cash Flow to Interest Expense	12.38	6.95	14.98	7.79	7.50	7.08	14.83	10.82
Operating Cash Flow Less CapEx to Interest Expense	10.36	4.66	13.33	5.47	5.83	5.40	13.15	9.42
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	1.82	1.76	1.81	1.75	1.79
Accounts Receivable Turnover	0.00	0.00	0.00	8.23	8.15	9.34	8.06	8.13
Inventory Turnover	0.00	0.00	0.00	5.09	4.70	4.87	4.62	4.91
Fixed Asset Turnover	0.00	0.00	0.00	17.71	16.68	16.54	16.49	17.10
Accounts Payable Turnover	0.00	0.00	0.00	6.04	6.02	6.88	5.57	6.10
Days Sales Outstanding (DSO)	0.00	0.00	0.00	44.33	44.76	39.07	45.28	44.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	71.70	77.70	74.90	79.01	74.28
Days Payable Outstanding (DPO)	0.00	0.00	0.00	60.46	60.67	53.06	65.59	59.79
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	55.58	61.79	60.91	58.71	59.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	8,940	9,025	9,048	9,069	9,265
Invested Capital Turnover	0.00	0.00	0.00	3.31	6.58	6.61	6.66	3.38
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	9,025	9,048	9,069	325
Enterprise Value (EV)	0.00	0.00	0.00	0.00	43,000	39,773	37,260	47,801
Market Capitalization	0.00	0.00	0.00	0.00	39,604	36,188	33,678	44,323
Book Value per Share	$0.00	$0.00	$0.00	$27.68	$28.17	$27.45	$27.84	$29.58
Tangible Book Value per Share	$0.00	$0.00	$0.00	$12.35	$12.81	$12.15	$11.85	$13.40
Total Capital	0.00	0.00	0.00	9,540	9,652	9,838	9,632	9,984
Total Debt	0.00	0.00	0.00	3,924	3,997	4,349	4,101	4,152
Total Long-Term Debt	0.00	0.00	0.00	3,774	3,447	3,949	3,701	3,752
Net Debt	0.00	0.00	0.00	3,353	3,396	3,585	3,582	3,478
Capital Expenditures (CapEx)	91	101	71	109	77	81	77	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	3,773	3,835	3,804	3,686	3,844
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	4,344	4,436	4,568	4,205	4,518
Net Working Capital (NWC)	0.00	0.00	0.00	4,194	3,886	4,168	3,805	4,118
Net Nonoperating Expense (NNE)	36	33	34	31	31	30	36	43
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	3,324	3,370	3,559	3,538	3,433
Total Depreciation and Amortization (D&A)	80	83	85	87	90	92	94	97
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	12.73%	12.91%	12.72%	12.20%	12.50%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	14.66%	14.94%	15.28%	13.92%	14.69%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	14.15%	13.08%	13.94%	12.59%	13.39%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$2.23	$2.34	$1.38	$2.07	$3.54
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	202.90M	200.80M	199.60M	198.30M	198.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.23	$2.34	$1.38	$2.07	$3.53
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	203.50M	201.30M	199.80M	198.50M	199.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	200.74M	199.95M	198.70M	197.18M	196.15M
Normalized Net Operating Profit after Tax (NOPAT)	555	355	486	482	501	306	498	743
Normalized NOPAT Margin	7.20%	5.32%	6.65%	6.06%	6.44%	4.45%	6.53%	8.74%
Pre Tax Income Margin	8.96%	6.49%	7.95%	9.55%	8.03%	5.38%	7.31%	10.26%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.36	10.84	14.51	17.15	14.57	8.71	13.11	18.44
NOPAT to Interest Expense	12.33	8.06	11.08	10.25	10.89	6.37	9.70	14.85
EBIT Less CapEx to Interest Expense	14.33	8.55	12.86	14.83	12.89	7.02	11.43	17.04
NOPAT Less CapEx to Interest Expense	10.31	5.77	9.43	7.93	9.21	4.68	8.02	13.45
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	45.19%	37.49%	38.84%	40.01%	26.35%
Augmented Payout Ratio	0.00%	0.00%	0.00%	81.73%	83.87%	93.23%	100.50%	77.42%

Financials Breakdown Chart

Frequently Asked Questions About Ferguson's Financials

When does Ferguson's fiscal year end?

According to the most recent income statement we have on file, Ferguson's financial year ends in July. Their financial year 2025 ended on July 31, 2025.

How has Ferguson's net income changed over the last 3 years?

Ferguson's net income appears to be on a downward trend, with a most recent value of $1.86 billion in 2025, falling from $2.12 billion in 2022. The previous period was $1.74 billion in 2024. See Ferguson's forecast for analyst expectations on what’s next for the company.

What is Ferguson's operating income?

Ferguson's total operating income in 2025 was $2.61 billion, based on the following breakdown:

Total Gross Profit: $9.44 billion
Total Operating Expenses: $6.83 billion

How has Ferguson's revenue changed over the last 3 years?

Over the last 3 years, Ferguson's total revenue changed from $28.57 billion in 2022 to $30.76 billion in 2025, a change of 7.7%.

How much debt does Ferguson have?

Ferguson's total liabilities were at $11.90 billion at the end of 2025, a 8.6% increase from 2024, and a 8.6% increase since 2023.

How much cash does Ferguson have?

In the past 2 years, Ferguson's cash and equivalents has ranged from $571 million in 2024 to $674 million in 2025, and is currently $674 million as of their latest financial filing in 2025.

How has Ferguson's book value per share changed over the last 3 years?

Over the last 3 years, Ferguson's book value per share changed from 0.00 in 2022 to 29.58 in 2025, a change of 2,957.7%.

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This page (NYSE:FERG) was last updated on 10/14/2025 by MarketBeat.com Staff

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Ferguson (FERG) Financials

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Ferguson (FERG) Financials

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