Industrials · Industrial - Distribution
Price
$236.49
Market Cap
$45.9B
Employees
35,000
Beta
1.13
Avg Volume
1,418,126
CEO
Kevin Murphy
Business Description
Ferguson plc operates as a major supplier of plumbing, heating, and related industrial products throughout the United States and Canada. The company serves a diverse client base, providing essential solutions for residential, commercial, civil/infrastructure, and industrial projects. Its extensive product range encompasses core plumbing and heating supplies, such as pipes, valves, fittings, water heaters, and a variety of kitchen and bathroom fixtures and appliances. Beyond these essentials, Ferguson also provides heating, ventilation, air conditioning, and refrigeration (HVAC/R) equipment, as well as fire sprinkler systems and associated components. The company's offerings further extend to specialized water management products like water meters, irrigation and drainage systems, geosynthetics, and stormwater control solutions. Industrial customers can access a broad selection of flanges, general industrial maintenance, repair, and operations (MRO) products, high-density polyethylene (HDPE) materials, custom fabrication products, water and wastewater treatment solutions, and comprehensive pipe, valve, and fitting (PVF) systems. To support its clientele, Ferguson delivers a comprehensive array of services, including expert consultation, strategic advice, and project management. They offer convenient pro pick-up and delivery options, alongside a suite of online tools. Additional support features include quotation services, jobsite delivery and logistics management, advanced digital estimation and design capabilities, specialized advanced metering infrastructure (AMI) services, and supply chain management with equipment rental. Ferguson plc also facilitates product sales through its online platforms. The company maintains a significant operational footprint, boasting a network of 1,679 branches and 11 distribution centers. Established in 1887, Ferguson plc is headquartered in Wokingham, United Kingdom.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
25.35
Stock Price: $236.49
EPS (Diluted): 9.33
EPS (Diluted): 9.33
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
7.62
Stock Price: $236.49
Total Equity: $5.83B
Shares: 199,200,000
Total Equity: $5.83B
Shares: 199,200,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.25
Market Cap: $45.86B
Total Debt: $4.15B
Cash: $674.00M
EBITDA: $3.06B
Total Debt: $4.15B
Cash: $674.00M
EBITDA: $3.06B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$49.7B
Market Cap: $45.86B
Total Debt: $4.15B
Cash: $674.00M
Total Debt: $4.15B
Cash: $674.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
30.7%
Gross Profit: $9.44B
Revenue: $30.76B
Revenue: $30.76B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
8.5%
Operating Income: $2.61B
Revenue: $30.76B
Revenue: $30.76B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
6.0%
Net Income: $1.86B
Revenue: $30.76B
Revenue: $30.76B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
31.8%
Net Income: $1.86B
Total Equity: $5.83B
Total Equity: $5.83B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
21.4%
Operating Income: $2.61B
Tax Rate: 23.4%
Equity: $5.83B
Total Debt: $4.15B
Cash: $674.00M
Tax Rate: 23.4%
Equity: $5.83B
Total Debt: $4.15B
Cash: $674.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.68
Current Assets: $10.15B
Current Liabilities: $6.03B
Current Liabilities: $6.03B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.71
Short-Term Debt: $400.00M
Long-Term Debt: $3.75B
Total Debt: $4.15B
Total Equity: $5.83B
Long-Term Debt: $3.75B
Total Debt: $4.15B
Total Equity: $5.83B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$154.43
Revenue: $30.76B
Shares: 199,200,000
Shares: 199,200,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$29.28
Total Equity: $5.83B
Shares: 199,200,000
Shares: 199,200,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$8.05
Operating CF: $1.91B
CapEx: -$305.00M
Shares: 199,200,000
CapEx: -$305.00M
Shares: 199,200,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.1%
Last Dividend: N/A
Stock Price: $236.49
Stock Price: $236.49
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.86B
Net Income: $1.86B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FERG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $22.8B | $28.6B | $29.7B | $29.6B | $30.8B |
| Cost of Revenue | $15.8B | $19.8B | $20.7B | $20.6B | $21.3B |
| Gross Profit | $7.0B | $8.8B | $9.0B | $9.1B | $9.4B |
| Operating Expenses | $5.0B | $5.9B | $6.4B | $6.4B | $6.8B |
| Operating Income | $2.0B | $2.8B | $2.7B | $2.7B | $2.6B |
| Net Income | $1.5B | $2.1B | $1.9B | $1.7B | $1.9B |
| EBITDA | $2.3B | $3.1B | $3.0B | $3.0B | $3.1B |
| EPS | $6.59 | $9.75 | $9.15 | $8.55 | $9.33 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.3B | $771.0M | $669.0M | $571.0M | $674.0M |
| Total Current Assets | $8.1B | $9.6B | $9.1B | $9.4B | $10.1B |
| Total Assets | $13.7B | $15.7B | $16.0B | $16.6B | $17.7B |
| Current Liabilities | $4.7B | $5.8B | $5.4B | $5.2B | $6.0B |
| Long-Term Debt | $2.5B | $3.7B | $3.7B | $3.8B | $3.8B |
| Total Liabilities | $8.7B | $11.0B | $11.0B | $11.0B | $11.9B |
| Total Equity | $5.0B | $4.7B | $5.0B | $5.6B | $5.8B |
| Retained Earnings | $6.1B | $7.6B | $8.6B | $9.6B | $6.8B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:49pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B | $1.1B | $2.7B | $1.9B | $1.9B |
| Capital Expenditure | -$241.0M | -$290.0M | -$441.0M | -$372.0M | -$305.0M |
| Free Cash Flow | $1.1B | $859.0M | $2.3B | $1.5B | $1.6B |
| Acquisitions (net) | -$286.0M | -$650.0M | -$616.0M | -$260.0M | -$301.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$400.0M | -$1.6B | -$908.0M | -$634.0M | -$948.0M |
| Net Change in Cash | -$788.0M | -$557.0M | -$116.0M | -$44.0M | $82.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:46am (22h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$34.5B $33.7B – $35.5B
|
$36.6B $36.4B – $36.8B
|
$38.6B $37.9B – $39.3B
|
$38.8B $38.1B – $39.5B
|
| EBITDA |
$3.5B $3.4B – $3.6B
|
$3.7B $3.7B – $3.7B
|
$3.9B $3.9B – $4.0B
|
$3.9B $3.9B – $4.0B
|
| Net Income |
$2.5B $2.4B – $2.6B
|
$2.8B $2.6B – $3.0B
|
$3.0B $2.9B – $3.1B
|
$3.0B $3.0B – $3.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:49pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +25.3% | +4.1% | -0.3% | +3.8% |
| Gross Profit Growth | +25.4% | +3.1% | +0.3% | +4.2% |
| Operating Income Growth | +44.6% | -5.7% | -0.3% | -1.7% |
| Net Income Growth | +44.2% | -11.0% | -8.2% | +7.0% |
| EBITDA Growth | +38.2% | -4.8% | +0.3% | +2.7% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:49pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-15 | $0.89 | 2026-04-30 | 2026-05-15 | 2026-07-08 |
| 2026-03-06 | $0.89 | 2026-02-18 | 2026-03-06 | 2026-04-30 |
| 2026-01-02 | $0.89 | 2025-12-09 | 2026-01-02 | 2026-02-27 |
| 2025-09-26 | $0.83 | 2025-09-11 | 2025-09-26 | 2025-11-07 |
| 2025-06-20 | $0.83 | 2025-05-29 | 2025-06-20 | 2025-08-06 |
| 2025-03-21 | $0.83 | 2025-03-11 | 2025-03-21 | 2025-05-06 |
| 2024-12-20 | $0.83 | 2024-12-10 | 2024-12-20 | 2025-02-06 |
| 2024-09-27 | $0.79 | 2024-09-17 | 2024-09-27 | 2024-11-08 |
| 2024-06-14 | $0.79 | 2024-06-04 | 2024-06-14 | 2024-07-31 |
| 2024-03-14 | $0.79 | 2024-03-05 | 2024-03-15 | 2024-05-07 |
| 2023-12-14 | $0.79 | 2023-01-05 | 2023-12-15 | 2024-02-06 |
| 2023-10-05 | $0.75 | 2023-09-26 | 2023-10-06 | 2023-11-15 |
| 2023-06-15 | $0.75 | 2023-06-06 | 2023-06-16 | 2023-08-04 |
| 2023-03-16 | $0.75 | 2023-03-07 | 2023-03-17 | 2023-05-05 |
| 2022-12-15 | $0.75 | 2022-12-06 | 2022-12-16 | 2023-02-03 |
| 2022-10-27 | $1.91 | 2022-09-27 | 2022-10-28 | 2022-12-08 |
| 2022-03-24 | $0.84 | 2022-03-15 | 2022-03-25 | 2022-05-06 |
| 2021-10-28 | $1.67 | 2021-09-28 | 2021-10-29 | 2021-12-10 |
| 2021-03-25 | $2.53 | 2021-03-16 | 2021-03-26 | 2021-05-11 |
| 2020-11-12 | $2.08 | 2020-11-13 | 2020-12-11 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FERG — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30