Ferguson Enterprises Inc.FERG
NYSE•Industrials•Industrial Distribution
Ferguson Enterprises Inc. distributes essential water and air solutions to specialized professional in the United States and Canada. The company provides various products and services, including plumbing; pipe, valves, and fittings; heating, ventilation, and air conditioning; appliances; lighting; and water and wastewater solutions to residential and non-residential customers. It also supplies specialized water and wastewater treatment products to residential, commercial, and infrastructure contractors, as well as supplies pipe, valves, and fittings solutions to industrial customers. In addition, it offers customized solutions, such as virtual design, fabrication, valve actuation, pre-assembly, kitting, installation, and project management services, as well as after-sales support that comprises warranty, credit, project-based billing, returns and maintenance, and repair and operations support. The company sells its products through a network of distribution centers, branches, counter service and sales associates, showroom consultants, and e-commerce channels. Ferguson Enterprises Inc. was founded in 1953 and is headquartered in Newport News, Virginia.
Ferguson Enterprises Inc. (FERG) reported trailing twelve months revenue of $31.16B as of October 2025, a Infinity% increase year-over-year. Quarterly revenue reached $8.17B, reflecting continued top-line momentum.
Ferguson Enterprises Inc. generated $1.96B in TTM net income, with quarterly EBITDA of $865.00M. The operating margin expanded from 8.6% to 9.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (9.4%) and net margin (7.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 6.0% a year ago, signaling stronger bottom-line efficiency.
FERG trades at a P/E of 24.7x (in line with broad market averages) and a P/S of 1.5x. The price-to-book ratio of 8.0x indicates a significant premium over book value.
The company generated $312.00M in free cash flow over the trailing twelve months, a 16.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $17.69B in total assets with $4.12B in long-term debt against $6.06B in stockholders equity for a debt-to-equity ratio of 0.7. Data based on the most recent quarterly reports.
Competitive analysis based on 6 quarters of fundamental data
Operating margins are positive at ~8.6% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 38.8% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 6 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 6 quarters
Margins are stable or improving at ~8.6% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.7 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.3% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation