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Distributes plumbing, HVAC and waterworks products to contractors and builders across North America.
Distributes plumbing, HVAC and waterworks products to contractors and builders across North America.
Buys products from manufacturers and resells them to contractors through branches, with the US and Canada providing nearly all sales and both housing and commercial work. Its value to a contractor is availability on the day, credit and delivery. It moved its main listing to New York in 2022 and sold its UK business in 2021.
Moat: narrow (scale, distribution, installed base). A large branch network and contractor relationships built over decades are costly for smaller distributors to match.
Headquarters: Newport News, Virginia, USA · Founded: 1953 · Employees: 35,000
Size Ferguson Enterprises (FERG) is a United States Industrials company (Wholesale Distributors) with a market value of $45.2B, the 276th largest of 3,117 United States companies the cockpit tracks. Shares closed at $233.70 on 6 Nov 2026.
Performance Over six months the shares fell 3.2%, against -0.6% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 18 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +9.1%); the operating margin is 9.6% (peer median 6.0%).
Valuation It trades at 19.4× forward earnings against a peer median of 14.8× (7th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.7 points above its cost of capital (9.7% WACC).
Credit Ferguson Enterprises has 4 bonds outstanding ($2.70B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 80 bp.
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $32.3B | $30.8B | $29.6B | $29.7B | $28.6B |
| Revenue growth | — | +4% | 0% | +4% | — |
| Gross profit | $9.70B | $9.06B | $8.72B | $8.70B | $8.46B |
| EBITDA | $3.50B | $3.06B | $3.02B | $3.10B | $3.14B |
| Net income | $2.19B | $1.86B | $1.74B | $1.89B | $2.12B |
| Free cash flow | $1.63B | $1.60B | $1.50B | $2.28B | $859M |
| Capital expenditure | $395M | $305M | $372M | $441M | $290M |
| Total debt | $6.89B | $5.97B | $5.52B | $5.26B | $5.13B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ferguson Enterprises FERG | $45.2B | -3% | +8% | 10% | 19.4× | 9.9% |
| Core & Main CNM | $8.76B | -6% | -1% | 10% | 14.3× | 5.3% |
| WESCO International WCC | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% |
| Watsco WSO | $12.7B | -28% | 0% | 9% | 24.3× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FERG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.8% | -4.8% | 3rd highest of 18 |
| 6-month return | -3.2% | -0.6% | 9th lowest of 18 |
| Distance from 52-week high | -14.0% | -20.6% | 6th highest of 18 |
| Revenue growth (TTM) | +8.2% | +9.1% | 9th lowest of 18 |
| Operating margin | 9.6% | 6.0% | 7th highest of 18 |
| Forward P/E | 19.4× | 14.8× | 7th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 11.6% | 7th least demanding of 17 |
| Growth delivered (Del g) | +9.1% | +9.3% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | +0.9 pp | -1.1 pp | 7th most demanding of 17 |
| ROIC minus cost of capital | +9.7 pp | +0.5 pp | 5th highest of 18 |
| EV / EBITDA | 14.7× | 15.8× | 7th cheapest of 13 |
| Net debt / EBITDA | 1.8× | 2.1× | 7th least indebted of 15 |
| Bond spread | 80 bp | 87 bp | 2nd tightest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ferguson Enterprises FERG | United States | $45.2B | -3% | +8% | 10% | 19.4× | 9.9% | +9.1% |
| Sumitomo 8053.T | Japan | $47.7B | +9% | +6% | 5% | 11.3× | 15.2% | +9.5% |
| CMOC 603993.SS | China | $41.0B | -29% | +32% | 20% | 8.7× | -5.4% | +12.8% |
| Toyota Tsusho 8015.T | Japan | $36.8B | +2% | +25% | 5% | 13.0× | 9.8% | +12.9% |
| Fastenal FAST | United States | $60.8B | +20% | +14% | 21% | 38.3× | 14.2% | +7.7% |
| W. W. Grainger GWW | United States | $67.9B | +17% | +9% | 17% | 28.2× | 11.9% | +8.7% |
| Glencore GLEN.L | United Kingdom | $78.0B | -14% | +27% | 2% | 10.9× | n/a | n/a |
| Kyocera 6971.T | Japan | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% | +6.3% |
| Aluminum Corporation of China 601600.SS | China | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% | +5.3% |
| Mitsubishi 8058.T | Japan | $105B | -1% | +16% | 3% | 14.8× | 18.8% | +8.0% |
| Rongsheng Petrochemical 002493.SZ | China | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% | +22.1% |
| WESCO International WCC | United States | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% | +13.8% |
| Diploma DPLM.L | United Kingdom | $12.6B | +4% | +13% | 22% | 27.5× | 23.9% | +23.1% |
| Bunzl BNZL.L | United Kingdom | $12.0B | +22% | +2% | 7% | 15.3× | 2.3% | +3.2% |
| QXO QXO | United States | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% | +178.0% |
| Rexel RXL.PA | France | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% | +9.0% |
| SGH SGH.AX | Australia | $11.9B | +7% | -1% | 13% | 18.1× | 11.4% | +17.0% |
| Bollore BOL.PA | France | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% | -29.4% |
Ferguson Enterprises has 4 bonds outstanding with $2.70B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.46%, a spread of 80 bp over government bonds.