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FERG Financials Ferguson Enterprises Inc. /De/

4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 2.5% per year over the past 3 years.
  • Net income has grown slower than revenue (-4.4% vs 2.5% per year).
  • Operating margin has contracted, at 8.5% in the latest year.
  • Free cash flow has grown 23.1% per year over the past 3 years.

Financial health

  • Total debt ($4.2B) exceeds cash ($674M); net debt is $3.5B.
  • Total debt has grown in line with revenue (5.3% vs 2.5% per year).
  • Total debt is 1.4× EBITDA.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 26.3% of earnings and 30.5% of free cash flow.
  • The dividend has declined 3.1% per year over the past 3 years.
Revenue & net income
$0 $15B $31B 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 15% 31% 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1B $2B 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $2B $4B 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B $458M $3B $0 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $30.8B $1.9B 30.7% 8.5% $1.6B $4.2B $674M
2024 $29.6B $1.7B 30.5% 8.9% $1.5B $4.0B $571M
2023 $29.7B $1.9B 30.4% 8.9% $2.3B $3.8B $601M
2022 $28.6B $2.1B 30.7% 9.9% $859M $771M

Valuation over time

How the market has priced FERG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 14.0 28.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.8 1.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.3 2.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is FERG growing its revenue and profit?

Over the past 3 years, Ferguson Enterprises Inc. /De/'s revenue has grown 2.5% per year, and net income declined 4.4% per year. These are computed facts, not advice.

How much debt does FERG have?

As of FY2025, Ferguson Enterprises Inc. /De/ reported $4.2B of total debt against $674M of cash.

What is FERG's profit margin?

In FY2025, gross margin was 30.7%, operating margin 8.5%, and net margin 6.0%.

What is FERG's P/E ratio?

As of Jun '26, Ferguson Enterprises Inc. /De/ traded at a price-to-earnings ratio of about 25.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.