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Ferguson plc

FERG Industrials Industrial Distribution

Ferguson plc’s revenue for fiscal 2025 (year ended July 2025) was $30.8 billion, up 3.80% from fiscal 2024.

Revenue
+4.64%
EPS
+7.17%
Free cash flow
−143.5%
Total debt
+30.7%

Quarter to June 2026, against a year earlier

234.86 0.79 −0.34%
Market cap
$45.6B
P/E
19.6×
Fwd P/E
21.5×
Dividend yield
1.51%
F-score
7/9
Altman Z
25.44
Beneish M
−2.42
Dividend safety
81/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 8.57
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — 1 — 13 —
Insider Ownership 0.31%

Capital & Financial Ratios $m

Size
Market Cap 45,590.00
Revenue ttm 32,889.00
Net income ttm 1,650.00
Free cash flow ttm 1,265.00
Net debt Q 4,467.00
Valuation
P/E 19.61
Forward P/E 21.50
Price / sales 1.39
Forward P/S Powerpack
Price / FCF 36.12
Price / book 7.37 (above 6: high)
Financial health
Current ratio Q 1.73 (at or above 1.5: strong)
Debt / equity Q 0.79
Interest coverage Q 17.17
Growth
Revenue growth Q +4.64% (above 0%: growing)
Operating income growth Q +6.06% (above 0%: growing)
EPS, this year +14.50%
EPS, next year A +10.54%
Revenue, next year A +7.57%
EPS, past 5 yrs —
EPS, next 5 yrs A +11.85%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2020 to 1.7× in 2026.
P/E against its own 10 years 59.81%
10-year low 10-year high
P/S against its own 10 years 78.95%
10-year low 10-year high
P/B against its own 10 years 77.02%
10-year low 10-year high
EV/Sales against its own 10 years 81.31%
10-year low 10-year high
EV/FCF against its own 10 years 95.77%
10-year low 10-year high

Dividends

Yield
1.51%
Annual rate
3.56
Payout ratio
29.6%
Growth, 2018–26
−6.60%/yr
  1. 6.15 ’18
  2. 2.08 ’19 −66
  3. 2.76 ’20 +32
  4. 1.67 ’21 −40
  5. 3.50 ’22 +110
  6. 3.04 ’23 −13
  7. 3.20 ’24 +5
  8. 2.49 ’25 −22
  9. 3.56 ’26 +43
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 601 571 674 437
Receivables 3,597 3,602 3,964 4,255
Inventory 3,898 4,188 4,492 5,101
Other 28 29 71 39
9,077 9,410 10,146 11,027
2023 2024 2025 Q'26
Payables 3,408 3,410 3,577 4,060
ST’ Debt 55 150 400 448
Other 1,600 1,261 1,578 1,380
5,429 5,216 6,028 6,377

Compound Annual Growth %

10y 5y 3y
Sales 6.92% 9.06% 2.50%
Cash Flow 8.97% 0.42% 18.42%
Earnings 22.12% 14.07% (4.37%)
Book Value 6.59% 5.94% 7.73%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 3.23 Actual 3.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.00 3.48 Beat by 0.48
Q1 FY26 2.77 2.84 Beat by 0.07
Q1 FY26 2.14 2.28 Beat by 0.14
Q2 FY26 3.23 3.39 Beat by 0.16
Q3 FY26 3.28 — Reports 9 November 2026

EPS $

Oct Jan Apr Jul Year
’26 2.90 — — — —
’25 2.34 1.38 2.07 3.55 0.93
’24 0.25 1.58 2.18 2.23 0.85
’23 0.28 0.18 0.16 2.85 0.91
’22 25.15 19.71 0.25 2.72 0.97
’21 14.85 2.11 16.38 4.67 0.65
’20 — 2.13 — 2.29 0.42
Fiscal quarters ending in the months shown.

Revenue $m

Oct Jan Apr Jul Year
’26 8,169 — — — —
’25 7,772 6,872 7,621 8,497 30,762
’24 7,708 6,673 7,308 7,946 29,635
’23 7,931 6,825 7,140 7,838 29,734
’22 6,803 6,508 7,284 7,971 28,566
’21 5,372 10,688 5,916 12,461 22,792
’20 — 11,371 — 11,396 19,940
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 430 — — — —
’25 345 685 682 541 1,908
’24 557 863 644 366 1,873
’23 498 1,171 631 921 2,723
’22 (1,550) 229 452 468 1,149
’21 (1,674) 468 894 750 1,382
’20 — 409 — 1,868 1,868
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 312 — — — —
’25 268 527 605 471 1,603
’24 466 671 573 257 1,501
’23 403 929 512 841 2,282
’22 (1,465) 107 379 373 859
’21 (1,532) 394 806 773 1,069
’20 — 272 — 1,666 1,579
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 16.0% a year for ten years. It grew 8.6% a year over the last ten.

Implied
16.0%
10 years, reported
8.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 21,117 19,284 20,752 22,010 19,940 22,792 28,566 29,734 29,635 30,762 32,889 +4.3% 33,091 35,517 37,372 +6.7%
Gross margin, % 28.27 28.95 29.12 29.34 30.01 30.62 30.65 30.35 30.55 30.67 31.10 +2.4 pt
EBT 1,064 1,423 1,187 1,324 1,292 1,862 2,708 2,464 2,464 2,423 2,990 +9.6%
EBT margin, % 5.04 7.38 5.72 6.02 6.48 8.17 9.48 8.29 8.31 7.88 9.09 +2.8 pt
Net income 951 920 1,267 1,108 961 1,630 2,099 1,889 1,735 1,856 1,650 +7.7%
Per share, $
Per share, $ Revenue 87.93 76.74 84.47 95.61 8.87 10.20 13.12 14.41 14.61 15.47 169.79 (17.6%)
Earnings 3.96 3.66 5.16 4.81 0.43 0.66 0.97 0.92 0.86 0.93 12.03 (14.8%)
Cash flow 4.80 3.78 4.22 5.60 0.83 0.62 0.53 1.32 0.92 0.96 8.71 (16.4%)
Capex (0.99) (0.80) (0.73) (1.45) (0.13) (0.14) (0.13) (0.21) (0.18) (0.15) (2.18) (18.7%)
Free cash flow 3.81 2.98 3.49 4.15 0.70 0.48 0.39 1.11 0.74 0.81 6.53 (15.8%)
Book value 17.68 18.07 16.51 18.90 1.94 2.24 2.14 2.44 2.77 2.93 32.01 (18.1%)
Shares, m 240 251 246 230 2,248 2,235 2,177 2,064 2,029 1,989 196 +26.5%
Valuation, ×
Valuation, × P/E 13.38 7.59 6.07 15.83 9.72 3.65 2.60 46.32 35.54 21.13 19.61 16.2
P/S 0.00 0.00 0.00 0.00 0.45 0.90 0.95 1.12 1.52 1.40 1.39 0.6
P/B 0.00 0.00 0.00 3.96 4.58 6.47 5.84 6.62 8.04 7.91 7.37 4.3
EV/Sales 0.00 0.00 0.00 0.00 0.47 0.94 1.06 1.23 1.68 1.50 1.53 0.7
EV/FCF 0.71 0.37 0.54 9.38 5.84 26.63 (50.16) 13.60 25.28 20.43 39.65 5.3
Cash, $m
Cash, $m Operating cash flow 1,152 950 1,036 1,290 1,868 1,382 1,149 2,723 1,873 1,908 1,687 +5.8%
Capex (237) (200) (179) (334) (289) (313) (290) (441) (372) (305) (422) +2.8%
Free cash flow 915 750 857 956 1,579 1,069 859 2,282 1,501 1,603 1,265 +6.4%
Balance, $m
Balance, $m Working capital 2,479 4,016 2,588 3,014 3,328 3,391 3,752 3,648 4,194 4,118 4,650 +5.8%
Net debt 1,393 721 1,075 1,194 1,031 2,369 3,158 3,165 3,353 3,478 4,467 +10.7%
Shareholders’ equity 4,245 4,540 4,057 4,350 4,371 5,003 4,665 5,037 5,616 5,832 6,201 +3.6%
Returns, %
Returns, % ROA 9.29 7.51 11.16 10.29 7.74 10.84 14.45 11.93 10.66 10.82 12.69 +1.5 pt
ROIC 12.44 17.56 16.56 15.81 16.76 16.53 22.53 20.26 18.48 17.49 18.75 +5.1 pt
ROE 26.33 20.94 29.48 26.36 22.04 31.41 43.90 38.94 32.57 32.42 40.09 +6.1 pt
People
People Employees 39,000 33,000 34,056 35,939 34,637 31,924 36,000 35,000 35,000 35,000 — (1.2%)
Revenue/emp, $m 0.54 0.58 0.61 0.61 0.58 0.71 0.79 0.85 0.85 0.88 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jul 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Ferguson is a North American distributor of products used to build, maintain and repair homes, commercial buildings and infrastructure. Its customers include specialized professionals who need materials and help with projects involving water, air and related systems. The company is headquartered in Newport News, Virginia, and Kevin Murphy is its president and chief executive officer.

Its range includes plumbing, heating, ventilation and air conditioning (HVAC) products, appliances and lighting. It also sells pipes, valves and fittings, as well as water and wastewater products. In Canada, its range includes refrigeration products. Ferguson sources products from suppliers and distributes them to customers; its range includes both supplier brands and products sold exclusively under its own brands.

Ferguson plc vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GWW W.W. Grainger, Inc. $68.4B 31.4× 29.2× +11.25% (above 0%: growing) +113.81% (above 0%: growing) +61.06% (above 0%: growing) 38.81% 15.98% Compare
FAST Fastenal Company $60.7B 42.6× 40.8× +15.47% (above 0%: growing) +20.69% (above 0%: growing) +5.27% (above 0%: growing) 44.85% 21.55% Compare
FERG Ferguson plc $45.6B 19.6× 21.5× +4.64% (above 0%: growing) +7.17% (above 0%: growing) −143.52% (below 0%: shrinking) 30.99% 10.20%
WSO.B Watsco, Inc. $16.0B 27.2× — +2.06% (above 0%: growing) −11.50% (below 0%: shrinking) +17.57% (above 0%: growing) 27.50% 11.32% Compare
WCC WESCO International, Inc. $13.9B 17.9× 19.2× +16.57% (above 0%: growing) +45.47% (above 0%: growing) +271.85% (above 0%: growing) 21.67% 6.24% Compare
WSO Watsco, Inc. $13.0B 27.0× 26.4× +7.42% (above 0%: growing) −11.50% (below 0%: shrinking) −8.87% (below 0%: shrinking) 26.41% 10.14% Compare
QXO QXO, Inc. $12.1B — (loss-making) — (loss-making) +70.30% (above 0%: growing) n/m −27.62% (below 0%: shrinking) 24.74% (1.29%) Compare
AIT Applied Industrial Technologies, Inc. $10.3B 24.7× 24.2× +7.64% (above 0%: growing) +12.65% (above 0%: growing) −34.44% (below 0%: shrinking) 30.38% 11.12% Compare
CNM Core & Main, Inc. $8.9B 19.3× 16.8× +2.48% (above 0%: growing) +8.45% (above 0%: growing) +83.33% (above 0%: growing) 26.71% 10.58% Compare
Median of peers $13.5B 27.0× 25.3× +9.45% +12.65% +11.42% 27.11% 10.85%

All 25 Industrial Distribution stocks →

Ferguson plc (FERG) Latest News

27 Oct

Impact 3 · · Barchart
Impact 3 · · 24/7 Wall St.

26 Oct

Impact 3 · · Business Wire

21 Oct

Impact 3 · · Insider Monkey

24 Sep

Impact 3 · · Simply Wall St.

19 Sep

Impact 3 ·

1 Sep

Impact 3 ·

10 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·

5 Aug

Impact 4 ·

3 Aug

Impact 4 ·
Impact 4 ·
Impact 4 ·
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31 Jul

Impact 4 ·

13 Jul

Impact 4 ·
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19 Jun

Impact 4 ·

3 Jun

Impact 3 · · Insider Monkey

5 May

Impact 4 · · MarketBeat
Impact 4 · · PR Newswire
Impact 4 · · Business Wire
Impact 3 · · Business Wire

29 Apr

Impact 4 · · Simply Wall St.

28 Apr

Impact 3 · · GlobeNewswire

23 Apr

Impact 3 ·

14 Apr

Impact 4 · · Simply Wall St.

14 Mar

Impact 4 · · Simply Wall St.

FERG metrics, ten years each

stockrow.com/FERG · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com