Tearsheet

Ferguson Enterprises (FERG)


Market Price (12/4/2025): $252.75 | Market Cap: $49.7 Bil
Sector: Industrials | Industry: Trading Companies & Distributors

Ferguson Enterprises (FERG)


Market Price (12/4/2025): $252.75
Market Cap: $49.7 Bil
Sector: Industrials
Industry: Trading Companies & Distributors

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Low stock price volatility
Vol 12M is 35%
Trading close to highs
Dist 52W High is -0.5%
 
1 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Electrification of Everything. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
  
0 Low stock price volatility
Vol 12M is 35%
1 Megatrend and thematic drivers
Megatrends include Water Infrastructure, and Electrification of Everything. Themes include Water Treatment & Delivery, Wastewater Management, Show more.
2 Trading close to highs
Dist 52W High is -0.5%

Valuation, Metrics & Events

FERG Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback



1. Ferguson Enterprises reported stronger-than-expected financial results for the fourth quarter of fiscal year 2024. This included sales of $8.5 billion, a 6.9% increase from the prior year, surpassing analyst estimates. Adjusted earnings per share also exceeded expectations at $3.48, up 16.8% from the previous year.

2. The company demonstrated robust performance in its U.S. operations, particularly in the non-residential sector, which saw revenue increase by approximately 15%. Overall U.S. sales grew by 7.1% in the quarter.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
FERG Return-----47%47%
Peers Return21%35%-16%54%-6%9%115%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
FERG Win Rate----25%70% 
Peers Win Rate65%60%40%58%50%56% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
FERG Max Drawdown------14% 
Peers Max Drawdown-45%-3%-30%-8%-21%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: WSO, SNX, SSD, LEG, URI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

FERG has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique KeyEventXLIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-22.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven29.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven273 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven232 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven312 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-63.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven172.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1463 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ferguson Enterprises (FERG)

Better Bets than Ferguson Enterprises (FERG)

Trade Ideas

Select past ideas related to FERG. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.3%7.3%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
4.8%4.8%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.6%1.6%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
2.2%2.2%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CNM_11212025_Dip_Buyer_FCFYield11212025CNMCore & MainDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
7.3%7.3%-1.6%
VRRM_11212025_Dip_Buyer_FCFYield11212025VRRMVerra MobilityDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.2%
LII_11212025_Dip_Buyer_ValueBuy11212025LIILennox InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
4.8%4.8%0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ADPAutomatic Data ProcessingMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
1.6%1.6%-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%11212025CWCurtiss-WrightQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
2.2%2.2%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Ferguson Enterprises

Peers to compare with:

Financials

FERGWSOSNXSSDLEGURIMedian
NameFerguson.Watsco TD SynnexSimpson .Leggett .United R. 
Mkt Price252.84355.86154.01170.8811.40813.66211.86
Mkt Cap49.813.512.67.11.652.213.0
Rev LTM30,7627,41460,9742,3114,17315,98611,700
Op Inc LTM2,6837341,3464472434,0091,040
FCF LTM1,603517480239280450465
FCF 3Y Avg1,795540844263333446493
CFO LTM1,9085496334193394,982591
CFO 3Y Avg2,1685731,0004024224,812786

Growth & Margins

FERGWSOSNXSSDLEGURIMedian
NameFerguson.Watsco TD SynnexSimpson .Leggett .United R. 
Rev Chg LTM3.8%-0.7%6.9%4.3%-6.1%6.7%4.0%
Rev Chg 3Y Avg2.5%1.0%-0.3%3.9%-7.6%13.2%1.7%
Rev Chg Q6.9%-4.3%6.6%6.2%-5.9%5.9%6.1%
QoQ Delta Rev Chg LTM1.8%-1.2%1.6%1.6%-1.5%1.5%1.6%
Op Mgn LTM8.7%9.9%2.2%19.3%5.8%25.1%9.3%
Op Mgn 3Y Avg9.0%10.2%2.2%20.4%6.1%26.5%9.6%
QoQ Delta Op Mgn LTM0.2%-0.1%0.1%-0.3%0.1%-0.4%-0.0%
CFO/Rev LTM6.2%7.4%1.0%18.1%8.1%31.2%7.8%
CFO/Rev 3Y Avg7.2%7.7%1.7%18.0%9.3%32.2%8.5%
FCF/Rev LTM5.2%7.0%0.8%10.3%6.7%2.8%6.0%
FCF/Rev 3Y Avg6.0%7.3%1.4%11.8%7.4%2.9%6.6%

Valuation

FERGWSOSNXSSDLEGURIMedian
NameFerguson.Watsco TD SynnexSimpson .Leggett .United R. 
Mkt Cap49.813.512.67.11.652.213.0
P/S1.42.10.23.00.33.81.7
P/EBIT16.420.910.015.63.315.015.3
P/E23.129.317.320.25.524.221.6
P/CFO22.527.921.116.63.612.318.8
Total Yield4.3%6.4%6.1%5.6%20.4%4.9%5.9%
Dividend Yield0.0%3.0%0.3%0.7%2.2%0.7%0.7%
FCF Yield 3Y Avg-3.4%8.4%3.9%16.5%0.9%3.9%
D/E0.10.00.30.11.40.20.2
Net D/E0.1-0.00.30.01.00.20.2

Returns

FERGWSOSNXSSDLEGURIMedian
NameFerguson.Watsco TD SynnexSimpson .Leggett .United R. 
1M Rtn2.1%-1.5%0.5%-1.6%26.8%-4.9%-0.5%
3M Rtn10.4%-8.8%4.4%-8.8%21.5%-13.7%-2.2%
6M Rtn17.9%-18.9%26.5%7.8%25.6%17.3%17.6%
12M Rtn16.4%-32.7%27.5%-7.0%-6.9%-5.5%-6.2%
3Y Rtn-44.6%58.2%84.8%-63.2%135.6%58.2%
1M Excs Rtn2.2%-1.5%0.5%-1.6%26.8%-4.9%-0.5%
3M Excs Rtn1.2%-16.4%-1.8%-16.6%11.7%-20.8%-9.1%
6M Excs Rtn3.1%-33.6%11.8%-6.9%10.9%2.6%2.9%
12M Excs Rtn5.6%-47.3%17.6%-22.2%-21.1%-18.8%-19.9%
3Y Excs Rtn--30.1%-12.4%17.6%-135.8%68.9%-12.4%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Single Segment29,73428,56622,792  
Distribution of plumbing and heating products   19,940 
Distribution of plumbing    20,747
Total29,73428,56622,79219,94020,747


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity4,004,767
Short Interest: % Change Since 1031202539.7%
Average Daily Volume1,843,838
Days-to-Cover Short Interest2.17
Basic Shares Quantity196,800,000
Short % of Basic Shares2.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025926202510-K 7/31/2025
4302025603202510-Q 4/30/2025
13120253112025Quarterly 1/31/2025
103120241210202410-Q 10/31/2024
73120249252024Annual 7/31/2024
4302024605202410-Q 4/30/2024
13120243062024Quarterly 1/31/2024
103120231206202310-Q 10/31/2023
7312023926202310-K 7/31/2023
4302023607202310-Q 4/30/2023
1312023308202310-Q 1/31/2023
103120221208202210-Q 10/31/2022