Ferguson Enterprises Inc. /DE/

Listed Company

FERGCIK 0002011641NYSELarge AcceleratedWholesale-Hardware & Plumbing & Heating Equipment & SuppliesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$30.76B

Net Income

$1.86B

Total Assets

$17.73B

Equity

$5.83B

Shares Out

194.50M

Op. Cash Flow

$1.91B

Business

Ferguson Enterprises Inc. /DE/ is a value-added distributor serving water- and air-specialized professionals in the North American residential and non-residential construction markets. It offers a wide range of products and services including plumbing, heating, ventilation and air conditioning (HVAC), appliances, lighting, pipes, valves and fittings (PVF), water and wastewater solutions, branded and own‑brand products, and value-added services such as virtual design, fabrication, kitting, installation and project management. The company reports two business segments: the United States (operating under the Ferguson brand) and Canada (operating under the Wolseley brand). It sells across North America through distribution centers, branches, counters, showroom consultants, expert sales associates and e-commerce channels.

Summary from filing dated 2025-09-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31
Net sales	30,762	29,635	29,734	28,566
Cost of sales	−21,327	−20,582	−20,709	−19,810
Gross profit	9,435	9,053	9,025	8,756
Selling, general and administrative expenses	−6,376	−6,038	−5,920	−5,635
Restructuring and impairment expenses	−80	−28	−125	—
Depreciation and amortization	−373	−335	−321	−301
Operating profit	2,606	2,652	2,659	2,820
Interest expense, net	−190	−179	−184	—
Other income (expense), net	7	−9	−11	−1
Income before income taxes	2,423	2,464	2,464	2,708
Provision for income taxes	−567	−729	−575	−609
Net income	1,856	1,735	1,889	2,122
Earnings per share, Basic (in usd per share)	9.33	8.55	9.15	9.75
Earnings per share, Diluted (in usd per share)	9.32	8.53	9.12	9.69
Basic (in shares)	199	203	206	218
Diluted (in shares)	199	204	207	219

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	674	571	601	771	—
Accounts receivable, less allowances of $24 and $21, respectively	3,964	3,602	3,597	—	—
Inventories	4,492	4,188	3,898	—	—
Prepaid and other current assets	945	1,020	953	—	—
Assets held for sale	71	29	28	—	—
Total current assets	10,146	9,410	9,077	—	—
Property, plant and equipment, net	1,846	1,752	1,595	—	—
Operating lease right-of-use assets	1,763	1,565	1,474	—	—
Deferred income taxes, net	225	181	300	—	—
Goodwill	2,464	2,357	2,241	2,048	—
Other intangible assets, net	726	753	783	—	—
Other non-current assets	559	554	524	—	—
Total assets	17,729	16,572	15,994	—	—
Accounts payable	3,577	3,410	3,408	—	—
Short-term debt	400	150	55	—	—
Current portion of operating lease liabilities	447	395	366	—	—
Other current liabilities	1,578	1,261	1,516	—	—
Liabilities held for sale	26	0	—	—	—
Total current liabilities	6,028	5,216	5,429	—	—
Long-term debt	3,752	3,774	3,711	—	—
Long-term portion of operating lease liabilities	1,367	1,198	1,126	—	—
Other long-term liabilities	750	768	691	—	—
Total liabilities	11,897	10,956	10,957	—	—
Common stock, par value $0.0001; 500,000,000 shares authorized; 201,343,253 and 0 shares issued, respectively	0	0	—	—	—
Paid-in capital	926	864	809	—	—
Retained earnings	6,776	9,589	8,557	—	—
Treasury shares, 4,759,053 and 30,827,929 shares, respectively at cost	−899	−3,936	−3,425	—	—
Accumulated other comprehensive loss	−971	−931	−888	—	—
Total stockholders' equity	5,832	5,616	5,037	4,665	5,003
Total liabilities and stockholders' equity	17,729	16,572	15,994	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31
Depreciation and amortization	373	335	321	301
Share-based compensation	28	49	51	57
Non-cash impact of impairments	0	0	125	15
Changes in deferred income taxes	−39	125	−104	41
Changes in inventories	−273	−252	607	−927
Changes in receivables and other assets	−321	−98	−1	−780
Changes in accounts payable and other liabilities	278	11	−196	436
Changes in income taxes payable	7	−45	24	−103
Other operating activities	−1	13	11	10
Net cash provided by operating activities of continuing operations	1,908	1,873	2,727	1,149
Net cash used in operating activities of discontinued operations	0	0	−4	0
Net cash provided by operating activities	1,908	1,873	2,723	1,149
Purchase of businesses acquired, net of cash acquired	−301	−260	−616	−650
Capital expenditures	−305	−372	−441	−290
Other investing activities	63	31	3	−6
Net cash used in investing activities	−543	−601	−1,054	−922
Purchase of treasury shares	−948	−634	−908	−1,545
Proceeds from sale of treasury shares	0	17	17	13
Repayments of debt	−4,400	−2,110	−2,930	−575
Proceeds from debt	4,621	2,255	2,775	2,019
Change in bank overdrafts	4	−16	−15	−4
Cash dividends	−489	−784	−711	−538
Other financing activities	−74	−41	−35	−22
Net cash used in financing activities	−1,286	−1,313	−1,807	−744
Change in cash, cash equivalents and restricted cash	79	−41	−138	−517
Effects of exchange rate changes	3	−3	22	−40
Cash paid for income taxes	601	651	656	—
Cash paid for interest	189	188	182	94
Accrued capital expenditures	14	6	17	16

Filings

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