FERGNYSEWholesale-Hardware & Plumbing & Heating Equipment & SuppliesFiscal year ends December 31
Ferguson Enterprises Inc. /DE/
Financials through Q1 FY2026, quarter ended Oct 31, 2025Last filing: 10-Q on Aug 10, 2026
$226.36−5.25 (-2.27%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 22.9
- Dividend yield
- 1.45%
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
30.7%+0.7 pts over 5 years
Operating margin
8.5%+1.6 pts over 5 years
Net margin
6.0%+1.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.8% | +2.5% | +9.1% | – | |
| Gross profit | +4.2% | +2.5% | +9.5% | – | |
| Operating income | -1.7% | -2.6% | +13.7% | – | |
| Net income | +7.0% | -4.4% | +14.1% | – | |
| EPS, diluted | +9.3% | -1.3% | +17.1% | – | |
| Free cash flow | +6.8% | +23.1% | +4.9% | – | |
| Dividend per share | +5.1% | +9.4% | +17.7% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 21.3% | 32.4% | |
| Return on assets | – | – | 10.8% | |
| Current ratio | – | 1.70 | 1.68 | |
| Debt to equity | – | 0.69 | 0.71 | |
| Net debt to EBITDA | – | 0.63× | 1.17× | |
| Interest coverage | – | 14.8× | – | |
| Inventory turnover | – | – | 4.9× | |
| Capex to revenue | – | 1.4% | 1.0% | |
| Diluted shares | – | 227M | 199M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ferguson Enterprises generated $9.04B from operations and spent $9.64B on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$9.04B
Used
$9.64B
Capital expenditure$1.65B17%Dividends$3.56B37%Share buybacks$4.44B46%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.0%
×Asset turnover1.79×
×Equity multiplier3.00×
=Return on equity, FY202532.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.0% | 1.79× | 3.00× | 32.4% |
| FY2024 | 5.9% | 1.82× | 3.06× | 32.6% |
| FY2023 | 6.4% | 1.88× | 3.26× | 38.9% |
| FY2022 | 7.4% | 1.95× | 3.04× | 43.9% |
| FY2021 | 6.5% | 1.68× | 2.83× | 30.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.86B
- Cash generatingOperating cash flow above zero$1.91B
- Return on assets improvedROA up on the prior year10.8% → 11.2%
- Earnings backed by cashOperating cash flow above net income$1.91B vs $1.86B
- Less leverageLong-term debt to assets fell22.8% → 21.2%
- Better liquidityCurrent ratio rose1.80 → 1.68
- No dilutionShare count did not rise204M → 199M
- Gross margin improvedGross margin up on the prior year30.55% → 30.67%
- More efficientAsset turnover rose1.85 → 1.86