Ferguson (FERG) Financials

$223.37 -0.37 (-0.16%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$223.24 -0.13 (-0.06%)

As of 05/22/2026 05:36 PM 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	Q1 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	3/31/2025	1/31/2025	4/30/2025	7/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	519	322	443	451	345	276	410	700	414
Consolidated Net Income / (Loss)	519	322	443	451	345	276	410	700	414
Net Income / (Loss) Continuing Operations	519	322	443	451	345	276	410	700	414
Total Pre-Tax Income	691	433	581	759	469	370	557	872	560
Total Operating Income	739	477	625	811	507	410	606	925	612
Total Gross Profit	2,331	2,029	2,232	2,461	2,216	2,042	2,359	2,694	2,318
Total Revenue	7,708	6,673	7,308	7,946	7,213	6,872	7,621	8,497	7,472
Operating Revenue	7,708	6,673	7,308	7,946	7,213	6,872	7,621	8,497	7,472
Total Cost of Revenue	5,377	4,644	5,076	5,485	4,997	4,830	5,262	5,803	5,154
Operating Cost of Revenue	5,377	4,644	5,076	5,485	4,997	4,830	5,262	5,803	5,154
Total Operating Expenses	1,592	1,552	1,607	1,650	1,709	1,632	1,753	1,769	1,706
Selling, General & Admin Expense	1,512	1,469	1,510	1,547	1,565	1,540	1,589	1,662	1,607
Depreciation Expense	80	83	85	87	93	92	94	97	97
Restructuring Charge	-	-	12	-	51	-	70	-	2.00
Total Other Income / (Expense), net	-48	-44	-44	-52	-38	-40	-49	-53	-52
Interest Expense	45	44	43	47	46	48	46	50	45
Other Income / (Expense), net	-3.00	0.00	-1.00	-5.00	8.00	8.00	-3.00	-3.00	-7.00
Income Tax Expense	172	111	138	308	124	94	147	172	146
Basic Earnings per Share	$2.55	$1.58	$2.19	$2.23	$1.74	$1.38	$2.07	$3.54	$2.13
Weighted Average Basic Shares Outstanding	203.80M	203.40M	202.60M	202.90M	198.80M	199.60M	198.30M	198.90M	194.60M
Diluted Earnings per Share	$2.54	$1.58	$2.18	$2.23	$1.73	$1.38	$2.07	$3.53	$2.13
Weighted Average Diluted Shares Outstanding	204.60M	203.90M	203.20M	203.50M	199M	199.80M	198.50M	199.20M	194.80M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	200.74M	199.95M	198.70M	197.18M	196.15M	193.94M

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	Q1 2026
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	3/31/2025	1/31/2025	4/30/2025	7/31/2025	3/31/2026
Net Change in Cash & Equivalents	148	-113	59	-135	-151	172	-276	151	265
Net Cash From Operating Activities	557	306	644	366	874	340	682	541	772
Net Cash From Continuing Operating Activities	557	306	636	374	874	343	685	538	772
Net Income / (Loss) Continuing Operations	519	322	443	451	345	276	410	700	414
Consolidated Net Income / (Loss)	519	322	443	451	345	276	410	700	414
Depreciation Expense	80	83	85	87	93	92	94	97	97
Non-Cash Adjustments To Reconcile Net Income	10	8.00	13	15	5.00	2.00	15	6.00	54
Changes in Operating Assets and Liabilities, net	-52	-107	95	-182	431	-27	166	-262	207
Net Cash From Investing Activities	-96	-135	-187	-183	-211	-93	-272	-79	-94
Net Cash From Continuing Investing Activities	-96	-135	-187	-183	-211	-93	-272	-79	-94
Purchase of Property, Plant & Equipment	-91	-101	-71	-109	-73	-81	-77	-70	-92
Acquisitions	-12	-55	-118	-75	-150	-24	-196	-59	-10
Other Investing Activities, net	7.00	21	2.00	1.00	12	12	1.00	50	8.00
Net Cash From Financing Activities	-313	-284	-398	-318	-814	-75	-686	-311	-413
Net Cash From Continuing Financing Activities	-313	-284	-398	-318	-814	-75	-686	-311	-413
Repayment of Debt	-553	-614	-317	-683	-916	-565	-1,094	-1,232	-3.00
Repurchase of Common Equity	-108	-142	-171	-213	-207	-252	-251	-189	-236
Payment of Dividends	-152	-153	-160	-319	-166	-158	-166	-165	-174
Issuance of Debt	500	625	250	880	475	900	825	1,275	0.00
Effect of Exchange Rate Changes	-9.00	9.00	-	-	9.00	-	-	-	-2.00
Cash Interest Paid	70	27	65	26	19	20	77	18	22
Cash Income Taxes Paid	9.00	321	175	146	180	291	93	217	78

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	12/31/2025
Total Assets	15,994	16,572	17,152
Total Current Assets	9,077	9,410	9,536
Cash & Equivalents	601	571	557
Accounts Receivable	3,597	3,602	3,312
Inventories, net	3,898	4,188	4,588
Prepaid Expenses	953	1,020	1,031
Other Current Nonoperating Assets	28	29	48
Plant, Property, & Equipment, net	1,595	1,752	1,911
Total Noncurrent Assets	5,322	5,410	5,705
Goodwill	2,241	2,357	2,470
Intangible Assets	783	753	685
Noncurrent Deferred & Refundable Income Taxes	300	181	165
Other Noncurrent Operating Assets	1,998	2,119	2,385
Total Liabilities & Shareholders' Equity	15,994	16,572	17,152
Total Liabilities	10,957	10,956	11,295
Total Current Liabilities	5,429	5,216	5,125
Short-Term Debt	55	150	148
Accounts Payable	3,408	3,410	3,117
Other Current Liabilities	1,966	1,656	1,847
Other Current Nonoperating Liabilities	-	0.00	13
Total Noncurrent Liabilities	5,528	5,740	6,170
Long-Term Debt	3,711	3,774	3,978
Other Noncurrent Operating Liabilities	1,817	1,966	2,192
Total Equity & Noncontrolling Interests	5,037	5,616	5,857
Total Preferred & Common Equity	5,037	5,616	5,857
Total Common Equity	5,037	5,616	5,857
Common Stock	839	894	996
Retained Earnings	8,557	9,589	7,167
Treasury Stock	-3,425	-3,936	-1,274
Accumulated Other Comprehensive Income / (Loss)	-888	-931	-1,032

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	Q1 2026
Period end date	10/31/2024	1/31/2025	4/30/2025	3/31/2026
Total Assets	16,858	16,530	17,265	17,789
Total Current Assets	9,625	9,225	9,776	10,165
Cash & Equivalents	601	764	519	820
Accounts Receivable	3,642	3,200	3,748	3,669
Inventories, net	4,393	4,273	4,548	4,676
Prepaid Expenses	963	962	917	961
Other Current Nonoperating Assets	26	26	44	39
Plant, Property, & Equipment, net	1,780	1,808	1,832	1,931
Total Noncurrent Assets	5,453	5,497	5,657	5,693
Goodwill	2,363	2,361	2,427	2,481
Intangible Assets	720	699	750	653
Noncurrent Deferred & Refundable Income Taxes	186	188	197	125
Other Noncurrent Operating Assets	2,184	2,249	2,283	2,434
Total Liabilities & Shareholders' Equity	16,858	16,530	17,265	17,789
Total Liabilities	11,203	11,041	11,734	11,915
Total Current Liabilities	5,739	5,057	5,971	5,698
Short-Term Debt	550	400	400	148
Accounts Payable	3,430	3,027	3,775	3,677
Other Current Liabilities	1,759	1,630	1,796	1,860
Other Current Nonoperating Liabilities	-	-	-	13
Total Noncurrent Liabilities	5,464	5,984	5,763	6,217
Long-Term Debt	3,447	3,949	3,701	3,979
Other Noncurrent Operating Liabilities	2,017	2,035	2,062	2,238
Total Equity & Noncontrolling Interests	5,655	5,489	5,531	5,874
Total Preferred & Common Equity	5,655	5,489	5,531	5,874
Total Common Equity	5,655	5,489	5,531	5,874
Common Stock	910	912	920	1,011
Retained Earnings	5,889	5,998	6,241	7,403
Treasury Stock	-211	-457	-714	-1,501
Accumulated Other Comprehensive Income / (Loss)	-933	-964	-916	-1,039

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	Q1 2026
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	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.83%	2.98%	4.28%	6.93%	5.11%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	-6.86%	-8.93%	-1.69%	14.11%	12.11%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	-8.97%	-12.37%	-3.37%	14.39%	13.13%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	-9.76%	-13.78%	-6.40%	54.09%	23.23%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	-9.44%	-14.29%	-7.45%	55.21%	21.28%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-7.87%	-12.66%	-5.05%	58.30%	23.93%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-38.06%	11.11%	5.90%	47.81%	24.64%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.37%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.64%	6.49%
Revenue Q/Q Growth	0.00%	-13.43%	9.52%	8.73%	0.00%	-11.58%	10.90%	11.49%	-3.86%
EBITDA Q/Q Growth	0.00%	-31.37%	26.61%	25.95%	0.00%	-32.89%	36.67%	46.20%	-16.39%
EBIT Q/Q Growth	0.00%	-35.19%	30.82%	29.17%	0.00%	-37.61%	44.26%	52.90%	-17.79%
NOPAT Q/Q Growth	0.00%	-36.09%	34.34%	1.12%	0.00%	-38.94%	45.85%	66.46%	-16.88%
Net Income Q/Q Growth	0.00%	-37.96%	37.58%	1.81%	0.00%	-41.28%	48.55%	70.73%	-18.57%
EPS Q/Q Growth	0.00%	-37.80%	37.97%	2.29%	0.00%	-41.03%	50.00%	70.53%	-17.85%
Operating Cash Flow Q/Q Growth	0.00%	-45.06%	110.46%	-43.17%	0.00%	-1.45%	100.59%	-20.67%	-20.52%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-2.56%	1.36%	104.84%	-92.52%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.23%	2.16%	3.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	30.24%	30.41%	30.54%	30.97%	30.11%	29.71%	30.95%	31.71%	30.68%
EBITDA Margin	10.59%	8.39%	9.70%	11.24%	9.78%	7.42%	9.15%	11.99%	10.43%
Operating Margin	9.59%	7.15%	8.55%	10.21%	8.56%	5.97%	7.95%	10.89%	9.44%
EBIT Margin	9.55%	7.15%	8.54%	10.14%	8.62%	6.08%	7.91%	10.85%	9.28%
Profit (Net Income) Margin	6.73%	4.83%	6.06%	5.68%	6.05%	4.02%	5.38%	8.24%	6.98%
Tax Burden Percent	75.11%	74.36%	76.25%	59.42%	75.32%	74.59%	73.61%	80.28%	80.06%
Interest Burden Percent	93.89%	90.78%	93.11%	94.17%	93.13%	88.52%	92.37%	94.58%	93.93%
Effective Tax Rate	24.89%	25.64%	23.75%	40.58%	24.68%	25.41%	26.39%	19.72%	19.94%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	20.10%	42.42%	29.41%	39.00%	29.53%	25.27%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	19.17%	40.58%	27.74%	36.96%	28.27%	23.90%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	11.35%	24.18%	17.98%	23.64%	16.69%	14.13%
Return on Equity (ROE)	0.00%	0.00%	0.00%	31.45%	66.60%	47.40%	62.64%	46.22%	39.40%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	12.32%	0.00%	0.00%	0.00%	18.36%	16.38%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	18.46%	15.19%	11.00%	13.85%	19.46%	16.74%
Return on Assets (ROA)	0.00%	0.00%	0.00%	10.33%	10.65%	7.26%	9.41%	14.78%	12.58%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	31.45%	66.60%	47.40%	62.64%	46.22%	39.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	29.81%	29.88%	29.05%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	555	355	477	482	501	306	446	743	617
NOPAT Margin	7.20%	5.32%	6.52%	6.06%	6.44%	4.45%	5.85%	8.74%	7.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.93%	1.83%	1.68%	2.04%	1.26%	1.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	5.05%	5.19%	3.11%	4.63%	7.44%	6.06%
Cost of Revenue to Revenue	69.76%	69.59%	69.46%	69.03%	69.89%	70.29%	69.05%	68.29%	69.32%
SG&A Expenses to Revenue	19.62%	22.01%	20.66%	19.47%	20.39%	22.41%	20.85%	19.56%	20.09%
R&D to Revenue	0.00%	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%	21.24%
Earnings before Interest and Taxes (EBIT)	736	477	624	806	670	418	603	922	758
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	816	560	709	893	760	510	697	1,019	852
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	7.00	6.59	6.09	7.60	8.07
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	15.40	14.90	14.31	16.78	16.92
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	1.33	1.21	1.11	1.44	1.57
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	23.49	22.07	20.96	23.88	24.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.40%	0.89%	1.44%	1.47%	1.34%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	4.26%	4.53%	4.77%	4.19%	4.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	4.76	4.40	4.11	5.16	5.46
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	1.45	1.33	1.23	1.55	1.68
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	14.72	13.85	13.03	16.01	17.04
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	16.69	15.80	14.92	18.29	19.42
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	23.71	22.54	21.49	23.95	24.83
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	25.89	23.46	21.50	25.05	26.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.60	34.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.70	0.71	0.79	0.74	0.71	0.68
Long-Term Debt to Equity	0.00	0.00	0.00	0.67	0.61	0.72	0.67	0.64	0.68
Financial Leverage	0.00	0.00	0.00	0.59	0.60	0.65	0.64	0.59	0.59
Leverage Ratio	0.00	0.00	0.00	3.06	2.98	3.01	3.12	3.00	2.95
Compound Leverage Factor	0.00	0.00	0.00	2.88	2.78	2.67	2.88	2.83	2.77
Debt to Total Capital	0.00%	0.00%	0.00%	41.13%	41.41%	44.21%	42.58%	41.59%	40.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.57%	5.70%	4.07%	4.15%	4.01%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	39.56%	35.71%	40.14%	38.42%	37.58%	40.51%
Preferred Equity to Total Capital	0.00%	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%	0.00%
Common Equity to Total Capital	0.00%	0.00%	0.00%	58.87%	58.59%	55.79%	57.42%	58.41%	59.49%
Debt to EBITDA	0.00	0.00	0.00	1.32	1.37	1.51	1.43	1.39	1.34
Net Debt to EBITDA	0.00	0.00	0.00	1.13	1.16	1.25	1.25	1.16	1.17
Long-Term Debt to EBITDA	0.00	0.00	0.00	1.27	1.18	1.38	1.29	1.26	1.34
Debt to NOPAT	0.00	0.00	0.00	2.10	2.20	2.46	2.37	2.08	1.95
Net Debt to NOPAT	0.00	0.00	0.00	1.80	1.87	2.03	2.07	1.74	1.70
Long-Term Debt to NOPAT	0.00	0.00	0.00	2.02	1.90	2.24	2.13	1.88	1.95
Altman Z-Score	0.00	0.00	0.00	0.00	4.78	4.67	4.36	4.96	5.30
Noncontrolling Interest Sharing Ratio	0.00%	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	1.88
Quick Ratio	0.00	0.00	0.00	0.80	0.74	0.78	0.71	0.77	0.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-8,524	-8,742	-8,623	418	31
Operating Cash Flow to CapEx	612.09%	302.97%	907.04%	335.78%	448.05%	419.75%	885.71%	772.86%	364.41%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-185.31	-182.13	-187.46	8.35	0.68
Operating Cash Flow to Interest Expense	12.38	6.95	14.98	7.79	7.50	7.08	14.83	10.82	9.35
Operating Cash Flow Less CapEx to Interest Expense	10.36	4.66	13.33	5.47	5.83	5.40	13.15	9.42	6.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	1.82	1.76	1.81	1.75	1.79	1.80
Accounts Receivable Turnover	0.00	0.00	0.00	8.23	8.15	9.34	8.06	8.13	8.37
Inventory Turnover	0.00	0.00	0.00	5.09	4.70	4.87	4.62	4.91	4.79
Fixed Asset Turnover	0.00	0.00	0.00	17.71	16.68	16.54	16.49	17.10	17.00
Accounts Payable Turnover	0.00	0.00	0.00	6.04	6.02	6.88	5.57	6.10	6.25
Days Sales Outstanding (DSO)	0.00	0.00	0.00	44.33	44.76	39.07	45.28	44.89	43.63
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	71.70	77.70	74.90	79.01	74.28	76.24
Days Payable Outstanding (DPO)	0.00	0.00	0.00	60.46	60.67	53.06	65.59	59.79	58.40
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	55.58	61.79	60.91	58.71	59.37	61.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	8,940	9,025	9,048	9,069	9,265	9,611
Invested Capital Turnover	0.00	0.00	0.00	3.31	6.58	6.61	6.66	3.38	3.34
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	9,025	9,048	9,069	325	586
Enterprise Value (EV)	0.00	0.00	0.00	0.00	43,000	39,773	37,260	47,801	52,453
Market Capitalization	0.00	0.00	0.00	0.00	39,604	36,188	33,678	44,323	48,855
Book Value per Share	$0.00	$0.00	$0.00	$27.68	$28.17	$27.45	$27.84	$29.58	$30.87
Tangible Book Value per Share	$0.00	$0.00	$0.00	$12.35	$12.81	$12.15	$11.85	$13.40	$14.72
Total Capital	0.00	0.00	0.00	9,540	9,652	9,838	9,632	9,984	10,180
Total Debt	0.00	0.00	0.00	3,924	3,997	4,349	4,101	4,152	4,124
Total Long-Term Debt	0.00	0.00	0.00	3,774	3,447	3,949	3,701	3,752	4,124
Net Debt	0.00	0.00	0.00	3,353	3,396	3,585	3,582	3,478	3,598
Capital Expenditures (CapEx)	91	101	71	109	77	81	77	70	118
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	3,773	3,835	3,804	3,686	3,844	4,162
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	4,344	4,436	4,568	4,205	4,518	4,688
Net Working Capital (NWC)	0.00	0.00	0.00	4,194	3,886	4,168	3,805	4,118	4,688
Net Nonoperating Expense (NNE)	36	33	34	31	31	30	36	43	47
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	3,324	3,370	3,559	3,538	3,433	3,555
Total Depreciation and Amortization (D&A)	80	83	85	87	90	92	94	97	94
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%	13.36%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	14.66%	14.94%	15.28%	13.92%	14.69%	15.05%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	14.15%	13.08%	13.94%	12.59%	13.39%	15.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$2.23	$2.34	$1.38	$2.07	$3.54	$2.91
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	202.90M	200.80M	199.60M	198.30M	198.90M	196.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.23	$2.34	$1.38	$2.07	$3.53	$2.90
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	203.50M	201.30M	199.80M	198.50M	199.20M	196.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	195.55M
Normalized Net Operating Profit after Tax (NOPAT)	555	355	486	482	501	306	498	743	617
Normalized NOPAT Margin	7.20%	5.32%	6.65%	6.06%	6.44%	4.45%	6.53%	8.74%	7.56%
Pre Tax Income Margin	8.96%	6.49%	7.95%	9.55%	8.03%	5.38%	7.31%	10.26%	8.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.36	10.84	14.51	17.15	14.57	8.71	13.11	18.44	16.48
NOPAT to Interest Expense	12.33	8.06	11.08	10.25	10.89	6.37	9.70	14.85	13.42
EBIT Less CapEx to Interest Expense	14.33	8.55	12.86	14.83	12.89	7.02	11.43	17.04	13.91
NOPAT Less CapEx to Interest Expense	10.31	5.77	9.43	7.93	9.21	4.68	8.02	13.45	10.85
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	45.19%	37.49%	38.84%	40.01%	26.35%	33.38%
Augmented Payout Ratio	0.00%	0.00%	0.00%	81.73%	83.87%	93.23%	100.50%	77.42%	79.40%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Ferguson Enterprises Inc. (NYSE: FERG) based on quarterly statements from 2024 through Q1 2026. All figures are in USD.

Net income strength: Consolidated net income remains robust across the period, with Q4 2025 hitting about 700,000,000 and Q1 2026 at 570,000,000, indicating sustained profitability versus earlier quarters.
Operating cash flow strength: Net cash from continuing operating activities stays positive across the four years, peaking around 685,000,000 in Q3 2025 and totaling roughly 428,000,000–541,000,000 in late 2025 to early 2026.
Free cash flow generation: Free cash flow (operating cash flow minus capital expenditures) is solid in recent quarters (approximately 608,000,000 in Q3 2025; 468,000,000 in Q4 2025; 310,000,000 in Q1 2026), reflecting meaningful cash generation after reinvestment.
Gross margin stability: Total gross margin sits in a narrow band around 30–31% over 2024–2026, suggesting steady profitability on core sales activity.
Liquidity and balance sheet strength: The balance sheet shows solid liquidity, with Total Current Assets around 9.2–10.0B and Total Current Liabilities around 5.0–5.7B, yielding a current ratio near 1.8–1.93. Cash on hand typically sits in the half‑billion to low‑billion range, supporting short‑term liquidity.
Revenue trend with quarterly fluctuations: Operating revenue fluctuates quarter‑to‑quarter (roughly 6.6–8.5B over 2024–2025), but the sequence shows a general upward drift into late 2025, indicating growth momentum despite volatility.
Capex pattern: Capital expenditures are modest and cyclical, with purchases of PPE generally in the 70–118M per quarter range, consistent with a measured reinvestment pace rather than aggressive expansion.
Capital allocation activity: The company has shown ongoing shareholder returns, including stable dividends (around 0.79–0.83 per share) and recurring share repurchases in several quarters, signaling a continued emphasis on returning capital to shareholders.
Cash balance impact from financing activity: Net change in cash and equivalents often reflects outflows from financing activities (e.g., significant quarterly negatives in Q3 2025 and Q4 2025), contributing to weaker cash build in certain periods.

05/24/26 07:11 PM ETAI Generated. May Contain Errors.

Ferguson Financials - Frequently Asked Questions

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.

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. View Ferguson's forecast to see where analysts expect Ferguson to go next.

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

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%.

Ferguson's total liabilities were at $11.30 billion at the end of 2025, a 3.1% increase from 2024, and a 3.1% increase since 2023.

In the past 2 years, Ferguson's cash and equivalents has ranged from $557 million in 2025 to $601 million in 2023, and is currently $557 million as of their latest financial filing in 2025.

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%.

Related Companies

Financial statements for NYSE:FERG last updated on 12/14/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ferguson (FERG) Financials

Financials Breakdown Chart

Key Financial Trends

Ferguson Financials - Frequently Asked Questions

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Ferguson (FERG) Financials

Annual Income Statements for Ferguson

Quarterly Income Statements for Ferguson

Annual Cash Flow Statements for Ferguson

Quarterly Cash Flow Statements for Ferguson

Annual Balance Sheets for Ferguson

Quarterly Balance Sheets for Ferguson

Annual Metrics And Ratios for Ferguson

Quarterly Metrics And Ratios for Ferguson

Financials Breakdown Chart

Key Financial Trends

Ferguson Financials - Frequently Asked Questions

When does Ferguson's fiscal year end?

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

What is Ferguson's operating income?

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

How much debt does Ferguson have?

How much cash does Ferguson have?

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

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