Overview
Ferguson Enterprises Inc. /DE/
Latest 10-K: FY2025, filed Sep 26, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $30.76B
- 3.8%YoYup from FY2024
- TotalRevenue
- Gross profit
- $9.44B
- 4.2%YoYup from FY2024
- GrossProfit
- Operating income
- $2.61B
- 1.7%YoYdown from FY2024
- OperatingIncome
- Net income
- $1.86B
- 7.0%YoYup from FY2024
- NetIncome
- Diluted EPS
- $9.32
- 9.3%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 199.2M
- 2.1%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Ferguson Enterprises Inc. /DE/ reported revenue of $30.76B for fiscal 2025, up 3.8% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 0 of the last 3 fiscal years.
Profitability
- Operating margin was 8.5% and net margin was 6.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $9.32, up 9.3% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Revenue | $30.76B3.8%up Benchmark median 6.4% | $29.64B0.3%down Benchmark median 4.5% | $29.73B4.1%up Benchmark median 4.8% | $28.57B Benchmark median 10.3% | 2.5% |
| Gross Profit Median of 315 / 498 | $9.44B4.2%up Benchmark median 6.8% | $9.05B0.3%up Benchmark median 5.5% | $9.03B3.1%up Benchmark median 5.2% | $8.76B Benchmark median 8.3% | 2.5% |
| Operating Income Median of 373 / 498 | $2.61B1.7%down Benchmark median 7.3% | $2.65B0.3%down Benchmark median 7.4% | $2.66B5.7%down Benchmark median 4.9% | $2.82B Benchmark median 7.5% | -2.6% |
| Net Income | $1.86B7.0%up Benchmark median 4.8% | $1.74B8.2%down Benchmark median 5.7% | $1.89B11.0%down Benchmark median 1.9% | $2.12B Benchmark median 1.3% | -4.4% |
| EPS (Diluted) | $9.329.3%up Benchmark median 6.2% | $8.536.5%down Benchmark median 7.9% | $9.125.9%down Benchmark median 1.9% | $9.69 Benchmark median 1.5% | -1.3% |
Balance Sheet
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Total Assets | $17.73B7.0%up Benchmark median 5.6% | $16.57B3.6%up Benchmark median 3.4% | $15.99B Benchmark median 4.1% | — | — |
| Total Liabilities Median of 357 / 498 | $11.90B8.6%up Benchmark median 6.4% | $10.96B0.0%unchanged Benchmark median 1.9% | $10.96B Benchmark median 2.9% | — | — |
| Stockholders' Equity | $5.83B3.8%up Benchmark median 6.8% | $5.62B11.5%up Benchmark median 5.4% | $5.04B8.0%up Benchmark median 7.3% | $4.67B Benchmark median 2.5% | 7.7% |
| Cash & Equivalents | $674.00M18.0%up Benchmark median 5.2% | $571.00M5.0%down Benchmark median 1.9% | $601.00M22.0%down Benchmark median 6.7% | $771.00M Benchmark median -8.6% | -4.4% |
| Total Debt | $4.15B5.8%up Benchmark median 2.1% | $3.92B4.2%up Benchmark median 0.2% | $3.77B Benchmark median 0.3% | — | — |
Cash Flow Statement
4 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | 3Y CAGR |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.91B1.9%up Benchmark median 6.3% | $1.87B31.2%down Benchmark median 4.8% | $2.72B137.0%up Benchmark median 9.9% | $1.15B Benchmark median -0.7% | 18.4% |
| Capital Expenditures | $305.00M18.0%down Benchmark median 5.4% | $372.00M15.6%down Benchmark median 2.8% | $441.00M52.1%up Benchmark median 11.3% | $290.00M Benchmark median 14.0% | 1.7% |
| Free Cash Flow Median of 378 / 498 | $1.60B6.8%up Benchmark median 7.3% | $1.50B34.2%down Benchmark median 6.1% | $2.28B165.7%up Benchmark median 8.8% | $0.86B Benchmark median -11.3% | 23.1% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.2%
Wall Street
on net earnings
FY2024 — Not reported
3.6%
Value investor
on free cash flow
FY2024 — Not reported
Gap −0.6 pts: Value-investor figure 0.6 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 24.0×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
6.2%
Wall Street
on EBITDA
FY2024 — Not reported
5.4%
Value investor
on EBIT
FY2024 — Not reported
Gap −0.8 pts: Value-investor figure 0.8 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 16.1×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
13.1%
Wall Street
on book equity
FY2024 — Not reported
6.0%
Value investor
on tangible book
FY2024 — Not reported
Gap −7.1 pts: Value-investor figure 7.1 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 7.6×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
32.4%
Wall Street
ROE: net income ÷ equity
FY2024 32.6%
17.6%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 17.0%
Gap −14.8 pts: Value-investor figure 14.8 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
9.7%
Wall Street
EBITDA margin
FY2024 10.1%
5.2%
Value investor
Free-cash-flow margin
FY2024 5.1%
Gap −4.5 pts: Value-investor figure 4.5 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.68×
Wall Street
Current ratio
FY2024 1.80×
0.92×
Value investor
Quick ratio, inventory excluded
FY2024 1.00×
Gap −0.76×: Value-investor figure 0.76 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.72×
Wall Street
EBITDA ÷ total debt
FY2024 0.76×
0.39×
Value investor
FCF ÷ total debt
FY2024 0.38×
Gap −0.33×: Value-investor figure 0.33 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.24×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 4 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on FERG yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on FERG and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/FERG
Valuein. (2026, October 31). Ferguson Enterprises Inc. /DE/ (FERG) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/FERG
@misc{valuein_ferg_2026,
author = {{Valuein}},
title = {Ferguson Enterprises Inc. /DE/ (FERG) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/FERG}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Sep 26, 2025 · accession 0002011641-25-000027
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point-in-time · survivorship-free · every number traceable to its SEC filing
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