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NEW YORK STOCK EXCHANGE, INC. · Trading Companies & Distributors · CIK 0002011641
$227.08
+0.32% · delayed ~15 min
Last price from Oct 20, 2026
$44.54B market value
From Ferguson Enterprises Inc. /DE/'s FY2025 10-K, filed Sep 26, 2025 · read the filing
Ferguson Enterprises /DE/ distributes goods wholesale to other businesses. It took in $30.76B last year, which makes it a large company. Of every dollar it sells, about 6 cents is left as profit.
The financial picture is led by debt and accounting, with profitability and growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From Ferguson Enterprises Inc. /DE/'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Cash
$571.0M → $674.0M
Dividends paid
$784.0M → $489.0M
Capital spending
$372.0M → $305.0M
Profit
$1.74B → $1.86B
Measured against FY2024, from the 10-K filed Sep 26, 2025
Improved: +18.0%
$571.0M to $674.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: -37.6%
$784.0M to $489.0MSignificant
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
-18.0%
How the latest move compares (quote delayed ~15 min), and what was published around it
FERG rose 0.32% on the latest quote. The S&P 500 moved −1.04%. That is 1.4 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 11% a year for the next 10 years. Over the last 3 years it grew by about 23% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 6 cents of every dollar of sales as profit, earning $1.86B last year.
Slowly. Sales grew 3.8% last year.
No. At its current cash flow it could clear its debt in about 1.8 years. For every $1 it owes, it owns $1.49 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 26 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 26% of the cash its operations generated. It has paid in each of the last 4 years.
GoodFigures from the FY2025 annual filing
Last year it earned $1.86B and generated $1.91B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Sep 26, 2025Filing for FY2025 | FY202410-K · Sep 26, 2025Filing for FY2024 | FY202310-K · Sep 25, 2024Filing for FY2023 | FY202210-K · Sep 25, 2024Filing for FY2022 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|
| RevenueWhat is this? | $30.76B | $29.64B | $29.73B | $28.57B | +3.8% |
| Cost of revenue | $21.33B | $20.58B | $20.71B | $19.81B | +3.6% |
| Gross profit | $9.44B | $9.05B | $9.03B | $8.76B | +4.2% |
| Gross marginGross profit ÷ revenueWhat is this? | 30.7% | 30.5% | 30.4% | 30.7% | +0.1 pts |
| Selling, general and administrative | $6.38B | $6.04B | $5.92B | $5.63B | +5.6% |
| Operating income | $2.61B | $2.65B | $2.66B | $2.82B | −1.7% |
| Operating marginOperating income ÷ revenueWhat is this? | 8.5% | 8.9% | 8.9% | 9.9% | −0.5 pts |
| Interest expense | — | $179.0M | $184.0M | $111.0M | — |
| Income before tax | $2.42B | $2.46B | $2.46B | $2.71B | −1.7% |
| Net income | $1.86B | $1.74B | $1.89B | $2.12B | +7.0% |
| Net marginNet income ÷ revenueWhat is this? | 6.0% | 5.9% | 6.4% | 7.4% | +0.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $9.46 | $8.64 | $9.15 | $9.75 | +9.5% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| FERGFerguson Enterprises Inc. /DE/ · this page | 8.0/10 | 7/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 1,097 shares at $230.00 ($252.3K)
Holds 9,874 shares after this filing.
Had shares withheld to cover taxes — 69 shares at $222.86 ($15.4K)
Holds 11,442 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Reported another event
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingWrite down why you are following Ferguson Enterprises Inc. /DE/, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 138 subsidiaries named in its 10-K, incorporated across 3 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from FERG's 10-K for fiscal year 2025 (period ending 2025-07-31, filed Sep 26, 2025), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.0 | 7/9 | 10-K, filed Sep 26, 2025 |
| FY2024 | 7.0 | 7/9 | 10-K, filed Sep 25, 2024 |
| FY2023 | 7.3 | 4/5 | 10-K, filed Sep 25, 2024 |
| FY2022 | 6.0 | 1/2 | 10-K, filed Sep 25, 2024 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
4.27
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.42
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
$372.0M to $305.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +7.0%
$1.74B to $1.86BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +6.8%
$1.50B to $1.60BNotable
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +9.5%
$8.64 to $9.46Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -2.3%
200.7M to 196.2MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q2 FY2026, from the 10-Q filed Aug 10, 2026 — read it.
Improved: +6.1%
$842.0M to $893.0MNotable
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +5.0%
$634.0M to $666.0MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +7.1%
$3.21 to $3.44Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -1.9%
197.4M to 193.7MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 10, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +45.9%
$612.0M to $893.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +60.9%
$414.0M to $666.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +61.6%
$2.13 to $3.44Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -46.7%
$820.0M to $437.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +17.1%
$7.47B to $8.75BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +17.0%
$2.32B to $2.71BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +2.0 pts
8.2% to 10.2%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +2.1 pts
5.5% to 7.6%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: +12.0%
$3.98B to $4.46BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
7 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Loading price history…
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 9% and 13%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 30 analysts covering this company, as of . Their views, not this site's.
Of 30 analysts publishing on this company, 8 say strong buy, 13 say buy and 9 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 19.5x — investors pay $19.5 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 3.8% |
| 6.0% |
| 24.00x |
| 2.04x |
| URIUNITED RENTALS, INC. | 8.7/10 | 4/9 | 3.0% | 67.5% | 28.11x | 2.33x |
|---|
| GWWW.W. GRAINGER, INC. | 8.0/10 | 6/9 | 4.5% | 9.5% | 38.44x | 1.40x |
|---|
| FASTFASTENAL CO | 9.0/10 | 8/9 | 8.7% | 15.3% | 48.11x | 0.28x |
|---|
| Median of peers | 8.7/10 | — | 4.5% | 15.3% | 38.44x | 1.40x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Was granted or awarded shares — 1 shares
Holds 11,443 shares after this filing.
Sold on the open market — 99 shares at $220.63 ($21.8K)
Holds 11,344 shares after this filing.
Had shares withheld to cover taxes — 153 shares at $222.94 ($34.1K)
Holds 11,191 shares after this filing.
Was granted or awarded shares — 18 shares
Holds 11,209 shares after this filing.
Sold on the open market — 238 shares at $224.50 ($53.4K)
Holds 10,971 shares after this filing.
Had shares withheld to cover taxes — 866 shares at $222.86 ($193.0K)
Holds 172,997 shares after this filing.
Was granted or awarded shares — 13 shares
Holds 173,010 shares after this filing.
Sold on the open market — 685 shares at $220.63 ($151.1K)
Holds 172,325 shares after this filing.
Had shares withheld to cover taxes — 2,245 shares at $222.94 ($500.5K)
Holds 170,080 shares after this filing.
Was granted or awarded shares — 136 shares
Holds 170,216 shares after this filing.
Sold on the open market — 1,776 shares at $224.50 ($398.7K)
Holds 168,440 shares after this filing.
Had shares withheld to cover taxes — 74 shares at $222.86 ($16.5K)
Holds 7,825 shares after this filing.
Was granted or awarded shares — 1 shares
Holds 7,826 shares after this filing.
Had shares withheld to cover taxes — 281 shares at $222.94 ($62.6K)
Holds 7,545 shares after this filing.
Was granted or awarded shares — 18 shares
Holds 7,563 shares after this filing.
Had shares withheld to cover taxes — 94 shares at $222.86 ($20.9K)
Holds 9,396 shares after this filing.
Was granted or awarded shares — 1 shares
Holds 9,397 shares after this filing.
Sold on the open market — 217 shares at $220.63 ($47.9K)
Holds 9,180 shares after this filing.
Had shares withheld to cover taxes — 258 shares at $222.94 ($57.5K)
Holds 8,922 shares after this filing.
Was granted or awarded shares — 13 shares
Holds 8,935 shares after this filing.
Sold on the open market — 314 shares at $224.50 ($70.5K)
Holds 8,621 shares after this filing.
Had shares withheld to cover taxes — 119 shares at $222.86 ($26.5K)
Holds 8,097 shares after this filing.
Was granted or awarded shares — 1 shares
Holds 8,098 shares after this filing.
Had shares withheld to cover taxes — 146 shares at $222.94 ($32.5K)
Holds 7,952 shares after this filing.
Was granted or awarded shares — 8 shares
Holds 7,960 shares after this filing.
Sold on the open market — 922 shares at $225.00 ($207.4K)
Holds 7,038 shares after this filing.
Had shares withheld to cover taxes — 94 shares at $222.86 ($20.9K)
Holds 32,586 shares after this filing.
Was granted or awarded shares — 1 shares
Holds 32,587 shares after this filing.
Sold on the open market — 217 shares at $220.63 ($47.9K)
Holds 32,370 shares after this filing.
Had shares withheld to cover taxes — 290 shares at $222.94 ($64.7K)
Holds 32,080 shares after this filing.
Was granted or awarded shares — 18 shares
Holds 32,098 shares after this filing.
Sold on the open market — 353 shares at $224.50 ($79.2K)
Holds 31,745 shares after this filing.
Had shares withheld to cover taxes — 44 shares at $222.86 ($9.8K)
Holds 3,151 shares after this filing.
Had shares withheld to cover taxes — 70 shares at $222.94 ($15.6K)
Holds 3,081 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,097 shares ($252.3K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 314 shares ($70.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 238 shares ($53.4K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 353 shares ($79.2K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 922 shares ($207.4K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 185 shares ($41.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q2 FY2026
Operating income +6.1% · Profit +5.0% · Earnings per share +7.1% — against Q2 FY2026
Published results
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Operating margin +1.2 pts · Operating income +20.7% · Profit +20.0% — against Q1 FY2026
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filing10-KT
Read the filingPublished results
Read the filingQuarterly report for Q1 FY2026
Revenue +5.1% · Dividends paid turned positive · Capital spending +53.2% — against Q1 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Cash +18.0% · Dividends paid -37.6% · Capital spending -18.0% — against FY2024
Read the filingReported another event
Read the filingPublished results · Amended its charter or changed its financial year · Reported another event
Read the filingQuarterly report for Q3 FY2025
Read the filingPublished results
Read the filingThe first 40 of 138. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2025-09-26. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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