Ferguson plc (FERG) 10-Year Financial Performance & Capital Metrics

FERG • • Industrial / General

IndustrialsIndustrial DistributionSpecialized Infrastructure DistributionPlumbing & HVAC Distributors

AboutFerguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also distributes pipes, valves, fittings, plumbing supplies, water heaters, kitchen and bathroom fixtures, and appliances; heating, ventilation, air conditioning, and refrigeration products and supplies; and plumbing parts and supplies, fire sprinkler systems, hangers, struts, and fasteners. In addition, it distributes water meters and automation products, irrigation and drainage products, geosynthetics, and stormwater management products; flanges, general industrial maintenance repair and operations products, high density polyethylene products, and fabrication products; water and wastewater treatment products; and PVF solutions. Further, the company offers services, including consultation, advice and project management, pro pick-up, and delivery services; online tools; quotation, jobsite delivery and logistics, project management, and fabrication services; digitally enhanced estimation, and design services; advanced metering infrastructure services; and supply chain and equipment rental services. The company also sells its products through online channels. It operates a network of 1,679 branches and 11 distribution centers. Ferguson plc was founded in 1887 and is headquartered in Wokingham, the United Kingdom.Show more

Revenue $30.76B +3.8%
EBITDA $2.98B -0.3%
Net Income $1.86B +7.0%
EPS (Diluted) 9.32 +9.3%
Gross Margin 30.67% +0.4%
EBITDA Margin 9.68% -3.9%
Operating Margin 8.47% -5.3%
Net Margin 6.03% +3.1%
ROE 32.42% -0.5%
ROIC 18.03% -8.5%
Debt/Equity 1.02 +4.1%
Interest Coverage 13.72 -7.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.6%
✓Share count reduced 2.1% through buybacks
✓Trading near 52-week high
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.99%

5Y9.06%

3Y2.5%

TTM4.92%

Profit (Net Income) CAGR

10Y18.77%

5Y14.07%

3Y-4.37%

TTM16.01%

EPS CAGR

10Y21.31%

5Y17.06%

3Y-1.29%

TTM18.87%

ROCE

10Y Avg22.54%

5Y Avg24.97%

3Y Avg24.28%

Latest22.6%

Peer Comparison

Plumbing & HVAC Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WSOWatsco, Inc.	13.27B	380.10	28.58	4.59%	7.41%	16.65%	5.6%	0.15
FERGFerguson plc	50.14B	249.86	26.81	3.8%	6.28%	32.3%	3.2%	1.02

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Sales/Revenue+	16.58B	19.28B	20.75B	22.01B	19.94B	22.79B	28.57B	29.73B	29.64B	30.76B
Revenue Growth %	-0.2%	0.16%	0.08%	0.06%	-0.09%	0.14%	0.25%	0.04%	-0%	0.04%
Cost of Goods Sold+	11.84B	13.7B	14.71B	15.55B	13.96B	15.81B	19.81B	20.71B	20.58B	21.33B
COGS % of Revenue	0.71%	0.71%	0.71%	0.71%	0.7%	0.69%	0.69%	0.7%	0.69%	0.69%
Gross Profit+	4.75B	5.58B	6.04B	6.46B	5.98B	6.98B	8.76B	9.03B	9.05B	9.44B
Gross Margin %	0.29%	0.29%	0.29%	0.29%	0.3%	0.31%	0.31%	0.3%	0.31%	0.31%
Gross Profit Growth %	-0.18%	0.18%	0.08%	0.07%	-0.07%	0.17%	0.25%	0.03%	0%	0.04%
Operating Expenses+	3.81B	4.11B	4.68B	5.06B	4.61B	5.03B	5.94B	6.37B	6.4B	6.83B
OpEx % of Revenue	0.23%	0.21%	0.23%	0.23%	0.23%	0.22%	0.21%	0.21%	0.22%	0.22%
Selling, General & Admin	0	0	0	0	4.33B	4.73B	5.63B	5.92B	6.07B	6.38B
SG&A % of Revenue	-	-	-	-	0.22%	0.21%	0.2%	0.2%	0.2%	0.21%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	3.81B	4.11B	4.68B	5.06B	282M	298M	301M	446M	335M	453M
Operating Income+	939.47M	1.48B	1.36B	1.4B	1.37B	1.95B	2.82B	2.66B	2.65B	2.61B
Operating Margin %	0.06%	0.08%	0.07%	0.06%	0.07%	0.09%	0.1%	0.09%	0.09%	0.08%
Operating Income Growth %	0.08%	0.57%	-0.08%	0.03%	-0.02%	0.42%	0.45%	-0.06%	-0%	-0.02%
EBITDA+	1.32B	1.91B	1.6B	1.69B	1.65B	2.25B	3.12B	2.98B	2.99B	2.98B
EBITDA Margin %	0.08%	0.1%	0.08%	0.08%	0.08%	0.1%	0.11%	0.1%	0.1%	0.1%
EBITDA Growth %	-0.13%	0.44%	-0.16%	0.05%	-0.02%	0.36%	0.39%	-0.05%	0%	-0%
D&A (Non-Cash Add-back)	379.22M	427M	245M	288M	282M	298M	301M	321M	335M	373M
EBIT	952.68M	1.49B	1.25B	1.42B	1.36B	1.96B	2.82B	2.65B	2.64B	2.69B
Net Interest Income+	-50.46M	-64M	-59M	-80M	-93M	-98M	-111M	-184M	-179M	-190M
Interest Income	0	0	8M	17M	0	0	0	0	0	0
Interest Expense	50.46M	64M	67M	97M	93M	98M	111M	184M	179M	190M
Other Income/Expense	-47.57M	-55M	-173M	-78M	-100M	-88M	-112M	-195M	-188M	-183M
Pretax Income+	891.9M	1.42B	1.19B	1.32B	1.27B	1.86B	2.71B	2.46B	2.46B	2.42B
Pretax Margin %	0.05%	0.07%	0.06%	0.06%	0.06%	0.08%	0.09%	0.08%	0.08%	0.08%
Income Tax+	277.48M	370M	346M	263M	299M	232M	609M	575M	729M	567M
Effective Tax Rate %	0.98%	0.65%	1.07%	0.84%	0.76%	0.79%	0.78%	0.77%	0.7%	0.77%
Net Income+	870.76M	920M	1.27B	1.11B	961M	1.47B	2.12B	1.89B	1.74B	1.86B
Net Margin %	0.05%	0.05%	0.06%	0.05%	0.05%	0.06%	0.07%	0.06%	0.06%	0.06%
Net Income Growth %	1.62%	0.06%	0.38%	-0.13%	-0.13%	0.53%	0.44%	-0.11%	-0.08%	0.07%
Net Income (Continuing)	614.42M	1.05B	841M	1.06B	973M	1.63B	2.1B	1.89B	1.74B	1.86B
Discontinued Operations	67.15M	-133M	426M	47M	-12M	-158M	23M	0	0	0
Minority Interest	-2.64M	-3M	-1M	0	0	0	0	0	0	0
EPS (Diluted)+	3.55	4.14	5.12	4.78	4.24	6.55	9.69	9.12	8.53	9.32
EPS Growth %	1.63%	0.17%	0.24%	-0.07%	-0.11%	0.54%	0.48%	-0.06%	-0.06%	0.09%
EPS (Basic)	3.58	4.17	5.16	4.81	4.27	6.59	9.75	9.15	8.55	9.33
Diluted Shares Outstanding	241.67M	239.78M	247.5M	231.9M	226.9M	224.8M	218.9M	207.2M	203.5M	199.2M
Basic Shares Outstanding	240.16M	238.07M	245.7M	230.2M	224.8M	223.5M	217.7M	206.4M	202.9M	198.9M
Dividend Payout Ratio	0.36%	0.36%	1.07%	0.4%	0.34%	0.7%	0.25%	0.38%	0.45%	0.26%

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Total Current Assets+	6.91B	9.41B	6.6B	7.2B	8.08B	8.13B	9.55B	9.08B	9.41B	10.15B
Cash & Short-Term Investments	1.26B	2.53B	833M	1.14B	2.12B	1.33B	771M	669M	571M	674M
Cash Only	1.25B	2.52B	833M	1.13B	2.12B	1.33B	771M	669M	571M	674M
Short-Term Investments	14.6M	6.57M	0	9M	0	0	0	0	0	0
Accounts Receivable	2.62B	2.46B	2.75B	2.72B	2.57B	2.79B	3.61B	3.6B	3.6B	3.96B
Days Sales Outstanding	57.72	46.54	48.46	45.09	47.01	44.62	46.13	44.16	44.36	47.03
Inventory	2.67B	2.4B	2.52B	2.82B	2.88B	3.27B	4.33B	3.9B	4.19B	4.49B
Days Inventory Outstanding	82.19	63.91	62.44	66.22	75.32	75.55	79.84	68.7	74.27	76.88
Other Current Assets	53.9M	1.73B	151M	162M	468M	336M	837M	913M	1.05B	71M
Total Non-Current Assets+	3.86B	3.13B	3.54B	4.19B	5.38B	5.58B	6.11B	6.92B	7.16B	7.58B
Property, Plant & Equipment	1.89B	1.06B	1.09B	1.35B	2.5B	2.41B	2.58B	3.07B	3.32B	3.61B
Fixed Asset Turnover	8.75x	18.16x	19.11x	16.32x	7.98x	9.47x	11.09x	9.69x	8.93x	8.52x
Goodwill	1.19B	1.17B	1.41B	1.66B	1.72B	1.83B	2.05B	2.24B	2.36B	2.46B
Intangible Assets	266.91M	239.21M	308M	423M	521M	546M	782M	783M	753M	726M
Long-Term Investments	30.54M	170.86M	420M	62M	421M	0	0	0	0	0
Other Non-Current Assets	306.4M	327.27M	193M	537M	216M	799M	527M	524M	554M	784M
Total Assets+	10.77B	12.49B	10.15B	11.39B	13.46B	13.71B	15.66B	15.99B	16.57B	17.73B
Asset Turnover	1.54x	1.54x	2.04x	1.93x	1.48x	1.66x	1.82x	1.86x	1.79x	1.74x
Asset Growth %	-0.08%	0.16%	-0.19%	0.12%	0.18%	0.02%	0.14%	0.02%	0.04%	0.07%
Total Current Liabilities+	4.69B	6.48B	4.02B	4.18B	4.75B	4.74B	5.8B	5.43B	5.22B	6.03B
Accounts Payable	2.82B	2.33B	2.6B	2.88B	2.85B	3.03B	3.61B	3.41B	3.41B	3.58B
Days Payables Outstanding	86.85	62.21	64.45	67.72	74.66	69.94	66.46	60.07	60.47	61.22
Short-Term Debt	926.26M	2.15B	386M	52M	531M	0	250M	55M	150M	400M
Deferred Revenue (Current)	0	1000K	0	0	0	0	0	0	0	0
Other Current Liabilities	170.36M	1.07B	164M	587M	446M	1.45B	1.62B	1.6B	1.26B	1.6B
Current Ratio	1.47x	1.45x	1.64x	1.72x	1.70x	1.72x	1.65x	1.67x	1.80x	1.68x
Quick Ratio	0.91x	1.08x	1.02x	1.05x	1.09x	1.02x	0.90x	0.95x	1.00x	0.94x
Cash Conversion Cycle	53.07	48.24	46.45	43.59	47.66	50.23	59.5	52.79	58.16	62.69
Total Non-Current Liabilities+	2.25B	1.53B	2.08B	2.85B	4.34B	3.97B	5.2B	5.53B	5.74B	5.87B
Long-Term Debt	1.55B	1.1B	1.52B	2.29B	2.63B	2.51B	3.68B	3.71B	3.77B	3.75B
Capital Lease Obligations	35.68M	5M	3M	4M	1.07B	827M	878M	1.13B	1.2B	1.37B
Deferred Tax Liabilities	85.89M	0	42M	56M	26M	0	0	0	0	0
Other Non-Current Liabilities	573.46M	430M	509M	503M	601M	629M	640M	691M	768M	750M
Total Liabilities	6.94B	8.02B	6.09B	7.04B	9.09B	8.71B	11B	10.96B	10.96B	11.9B
Total Debt+	2.53B	3.25B	1.91B	2.35B	4.52B	3.6B	5.13B	5.26B	5.52B	5.97B
Net Debt	1.28B	730.37M	1.08B	1.22B	2.41B	2.27B	4.36B	4.59B	4.95B	5.29B
Debt / Equity	0.66x	0.72x	0.47x	0.54x	1.03x	0.72x	1.10x	1.04x	0.98x	1.02x
Debt / EBITDA	1.92x	1.71x	1.19x	1.39x	2.73x	1.60x	1.64x	1.76x	1.85x	2.00x
Net Debt / EBITDA	0.97x	0.38x	0.67x	0.72x	1.45x	1.01x	1.40x	1.54x	1.66x	1.78x
Interest Coverage	18.62x	23.09x	20.30x	14.45x	14.75x	19.90x	25.41x	14.45x	14.82x	13.72x
Total Equity+	3.83B	4.54B	4.06B	4.35B	4.37B	5B	4.67B	5.04B	5.62B	5.83B
Equity Growth %	-0.06%	0.18%	-0.11%	0.07%	0%	0.14%	-0.07%	0.08%	0.11%	0.04%
Book Value per Share	15.86	18.93	16.39	18.76	19.26	22.26	21.31	24.31	27.60	29.28
Total Shareholders' Equity	3.84B	4.54B	4.06B	4.35B	4.37B	5B	4.67B	5.04B	5.62B	5.83B
Common Stock	38.5M	38.23M	45M	30M	30M	30M	30M	30M	30M	0
Retained Earnings	4.02B	4.68B	5.97B	5.32B	5.55B	6.05B	7.59B	8.56B	9.59B	6.78B
Treasury Stock	-760.77M	-702.68M	-1.47B	-407M	-658M	-931M	-2.89B	-3.42B	-3.94B	-899M
Accumulated OCI	504.53M	462.74M	-556M	-598M	-563M	-854M	-830M	-934M	-931M	-971M
Minority Interest	-2.64M	-3M	-1M	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Jul 2025
Cash from Operations+	1.04B	950M	1.04B	1.29B	1.54B	1.38B	1.15B	2.72B	1.87B	1.91B
Operating CF Margin %	0.06%	0.05%	0.05%	0.06%	0.08%	0.06%	0.04%	0.09%	0.06%	0.06%
Operating CF Growth %	-0.03%	-0.09%	0.09%	0.25%	0.2%	-0.11%	-0.17%	1.37%	-0.31%	0.02%
Net Income	858.87M	1.03B	1.27B	1.11B	961M	1.63B	2.12B	1.89B	1.74B	1.86B
Depreciation & Amortization	379.22M	442.93M	245M	288M	602M	298M	301M	321M	335M	373M
Stock-Based Compensation	26.43M	28.92M	35M	34M	29M	77M	57M	51M	49M	0
Deferred Taxes	-212.74M	-419.27M	-203M	-108M	-60M	0	0	41M	0	0
Other Non-Cash Items	44.93M	7.65M	57M	70M	-182M	39M	2M	-13M	104M	273M
Working Capital Changes	-56.82M	-139.35M	-365M	-102M	195M	-662M	-1.33B	434M	-350M	-594M
Change in Receivables	-27.75M	-267.29M	-351M	-132M	210M	-756M	-780M	-1M	-98M	-321M
Change in Inventory	-47.57M	-122.88M	-102M	-172M	19M	-748M	-927M	607M	-252M	-273M
Change in Payables	0	292.63M	208M	227M	-9M	0	436M	436M	436M	278M
Cash from Investing+	-351.48M	-209M	700M	-783M	-571M	-125M	-922M	-1.05B	-601M	-543M
Capital Expenditures	-288.05M	-233.95M	-299M	-418M	-302M	-174M	-290M	-441M	-372M	-305M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	73.99M	2.61M	10M	77M	21M	335M	18M	3M	31M	63M
Cash from Financing+	-722.77M	-472M	-1.86B	131M	4M	-2.05B	-744M	-1.81B	-1.31B	-1.29B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-314.48M	-328M	-1.36B	-445M	-327M	-1.04B	-538M	-711M	-784M	-489M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.39M	1.68M	20M	-3M	-36M	-49M	-9M	-33M	-41M	-74M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	751.84M	754.43M	737M	872M	1.26B	1.14B	859M	2.28B	1.5B	1.6B
FCF Margin %	0.05%	0.04%	0.04%	0.04%	0.06%	0.05%	0.03%	0.08%	0.05%	0.05%
FCF Growth %	0.06%	0%	-0.02%	0.18%	0.45%	-0.1%	-0.25%	1.66%	-0.34%	0.07%
FCF per Share	3.11	3.15	2.98	3.76	5.56	5.08	3.92	11.01	7.38	8.05
FCF Conversion (FCF/Net Income)	1.19x	1.03x	0.82x	1.16x	1.61x	0.94x	0.54x	1.44x	1.08x	1.03x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	22.04%	21.97%	29.48%	26.36%	22.04%	31.41%	43.9%	38.94%	32.57%	32.42%
Return on Invested Capital (ROIC)	13.43%	21.34%	19.61%	19.65%	16.67%	20.82%	25.96%	21.39%	19.7%	18.03%
Gross Margin	28.62%	28.95%	29.12%	29.34%	30%	30.62%	30.65%	30.35%	30.55%	30.67%
Net Margin	5.25%	4.77%	6.11%	5.03%	4.82%	6.46%	7.43%	6.35%	5.85%	6.03%
Debt / Equity	0.66x	0.72x	0.47x	0.54x	1.03x	0.72x	1.10x	1.04x	0.98x	1.02x
Interest Coverage	18.62x	23.09x	20.30x	14.45x	14.75x	19.90x	25.41x	14.45x	14.82x	13.72x
FCF Conversion	1.19x	1.03x	0.82x	1.16x	1.61x	0.94x	0.54x	1.44x	1.08x	1.03x
Revenue Growth	-20.28%	16.3%	7.61%	6.06%	-9.4%	14.3%	25.33%	4.09%	-0.33%	3.8%

Revenue by Segment

	2025
United States	29.27B
United States Growth	-

Revenue by Geography

	2025
Canada	1.49B
Canada Growth	-

Frequently Asked Questions

Valuation & Price

Ferguson plc (FERG) has a price-to-earnings (P/E) ratio of 26.8x. This suggests investors expect higher future growth.

Growth & Financials

Ferguson plc (FERG) reported $31.16B in revenue for fiscal year 2025. This represents a 48% increase from $21.08B in 2012.

Ferguson plc (FERG) grew revenue by 3.8% over the past year. Growth has been modest.

Yes, Ferguson plc (FERG) is profitable, generating $1.96B in net income for fiscal year 2025 (6.0% net margin).

Dividend & Returns

Yes, Ferguson plc (FERG) pays a dividend with a yield of 0.98%. This makes it attractive for income-focused investors.

Ferguson plc (FERG) has a return on equity (ROE) of 32.4%. This is excellent, indicating efficient use of shareholder capital.

Ferguson plc (FERG) generated $1.66B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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