olivLaw · US equity research
Ferguson Enterprises Inc. FERG
Wholesale-Hardware & Plumbing & Heating Equipment & Supplies · SIC 5070 · Vertical: Wholesale — durable goods (SIC 50xx)
Ferguson Enterprises Inc. is North America's largest value-added distributor of water and air solutions, serving a construction market of 340 billion USD. In fiscal 2025 net sales reached 30.8 billion USD, up 3.8%. In the second quarter of 2026 sales grew 4.6% and full-year 2026 guidance was raised.
At the close of 04 Nov 2026, Ferguson Enterprises Inc. (FERG) stock was 248.53 USD (+2.70% on the day), with market capitalisation 48.1 bn USD, P/E 25.1 on diluted EPS of 9.90 USD over the last 12 months, dividend yield 1.34%, beta 1.00, 52-week range 214.26–267.71 USD. Latest reported quarter (Q1 2026): revenue of 8.2 bn USD (+5.1% YoY), net income of 570.0 m USD (+21.3% YoY), diluted EPS 2.90 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 74.8
- overbought (≥ 70)
- Bollinger (20, 2)
- 213.71 – 246.36
- above the upper band · %B 1.07 · band width 14.2%
- SMA 50 / 200
- 225.39 / 237.43
- mixed trend
- MACD (12, 26, 9)
- 5.03 / 2.89
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +11.5% | −1.1% | +12.6 pp | — |
| 3 months | −2.6% | −0.5% | −2.2 pp | — |
| 6 months | −1.5% | +4.4% | −5.9 pp | — |
| Year to date | +11.6% | +12.3% | −0.7 pp | — |
| 1 year | +1.5% | +13.5% | −12.0 pp | +34.8% |
| 3 years | +58.0% | +76.4% | −18.4 pp | +78.8% |
| 5 years | +62.4% | +63.7% | −1.3 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2026 · 31 Oct 2025
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.7 bn | 7.3 bn | 7.9 bn | 7.8 bn | 6.9 bn | 7.6 bn | 8.5 bn | 8.2 bn |
| Cost of revenue | 4.6 bn | 5.1 bn | 5.5 bn | 5.4 bn | 4.8 bn | 5.3 bn | 5.8 bn | 5.7 bn |
| Gross profit | 2.0 bn | 2.2 bn | 2.5 bn | 2.3 bn | 2.0 bn | 2.4 bn | 2.7 bn | 2.5 bn |
| SG&A | 1.5 bn | 1.5 bn | 1.6 bn | 1.6 bn | 1.5 bn | 1.6 bn | 1.7 bn | 1.6 bn |
| Operating income | 477.0 m | 625.0 m | 811.0 m | 665.0 m | 410.0 m | 606.0 m | 925.0 m | 771.0 m |
| Depreciation & amortisation | 83.0 m | 85.0 m | 87.0 m | 90.0 m | 92.0 m | 94.0 m | 97.0 m | 94.0 m |
| Pre-tax income | 433.0 m | 581.0 m | 759.0 m | 624.0 m | 370.0 m | 557.0 m | 872.0 m | 712.0 m |
| Income tax | 111.0 m | 138.0 m | 308.0 m | 154.0 m | 94.0 m | 147.0 m | 172.0 m | 142.0 m |
| Net income | 322.0 m | 443.0 m | 451.0 m | 470.0 m | 276.0 m | 410.0 m | 700.0 m | 570.0 m |
| Diluted EPS | 1.58 | 2.18 | 2.23 ≈ | 2.34 | 1.38 | 2.07 | 3.55 ≈ | 2.90 |
| Operating cash flow | 306.0 m ≈ | 644.0 m ≈ | 366.0 m | 345.0 m | 340.0 m ≈ | 682.0 m ≈ | 541.0 m | 430.0 m |
| Capex | 101.0 m ≈ | 71.0 m ≈ | 109.0 m | 77.0 m | 81.0 m ≈ | 77.0 m ≈ | 70.0 m | 118.0 m |
| Dividends paid | 153.0 m ≈ | 160.0 m ≈ | 319.0 m | 0 | 158.0 m ≈ | 166.0 m ≈ | 165.0 m | 164.0 m |
| Share repurchases | 142.0 m ≈ | 171.0 m ≈ | 213.0 m | 256.0 m | 252.0 m ≈ | 251.0 m ≈ | 189.0 m | 208.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 83 percentile of its own 6-quarter history (min 21.2, median 23.8, max 26.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 28.6 bn | 29.7 bn | 29.6 bn | 30.8 bn |
| Revenue YoY | unavailable | +4.1% | −0.3% | +3.8% |
| Net income | 2.1 bn | 1.9 bn | 1.7 bn | 1.9 bn |
| Net income YoY | unavailable | −11.0% | −8.2% | +7.0% |
| Diluted EPS | 9.69 | 9.12 | 8.53 | 9.32 |
| Diluted EPS YoY | unavailable | −5.9% | −6.5% | +9.3% |
| net % | 7.4% | 6.4% | 5.9% | 6.0% |
| Free cash flow | 859.0 m | 2.3 bn | 1.5 bn | 1.6 bn |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Jul 2025
- Cash
- 674.0 m USD
- Financial debt
- 4.2 bn USD
- Net debt
- 3.5 bn USD
- Equity
- 5.8 bn USD
- Total assets
- 17.7 bn USD
- Debt / equity
- 0.71x
- Current ratio
- 1.68x
- ROE
- 32.4%
- ROA
- 10.8%
- FCF margin
- 5.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 28.6 bn | 29.7 bn | 29.6 bn | 30.8 bn | SEC (XBRL)· 26 Sept 2025verified |
| Cost of revenue | 19.8 bn | 20.7 bn | 20.6 bn | 21.3 bn | SEC (XBRL)· 26 Sept 2025verified |
| Gross profit | 8.8 bn | 9.0 bn | 9.1 bn | 9.4 bn | SEC (XBRL)· 26 Sept 2025verified |
| SG&A | 5.6 bn | 5.9 bn | 6.0 bn | 6.4 bn | SEC (XBRL)· 26 Sept 2025verified |
| Operating income | 2.8 bn | 2.7 bn | 2.7 bn | 2.6 bn | SEC (XBRL)· 26 Sept 2025verified |
| Depreciation & amortisation | 301.0 m | 321.0 m | 335.0 m | 373.0 m | SEC (XBRL)· 26 Sept 2025verified |
| EBITDA | 3.1 bn ≈ | 3.0 bn ≈ | 3.0 bn ≈ | 3.0 bn ≈ | SEC (XBRL)· 26 Sept 2025derived |
| Interest expense | 111.0 m | 184.0 m | 179.0 m | — | SEC (XBRL)· 25 Sept 2024verified |
| Pre-tax income | 2.7 bn | 2.5 bn | 2.5 bn | 2.4 bn | SEC (XBRL)· 26 Sept 2025verified |
| Income tax | 609.0 m | 575.0 m | 729.0 m | 567.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Net income | 2.1 bn | 1.9 bn | 1.7 bn | 1.9 bn | SEC (XBRL)· 26 Sept 2025verified |
| Diluted EPS | 9.69 | 9.12 | 8.53 | 9.32 | SEC (XBRL)· 26 Sept 2025verified |
| Weighted average diluted shares | 218.9 m | 207.2 m | 203.5 m | 199.2 m | SEC (XBRL)· 26 Sept 2025verified |
| Dividend per share | 2.51 | 4.16 | 3.12 | 3.28 | SEC (XBRL)· 26 Sept 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 771.0 m | 601.0 m | 571.0 m | 674.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Receivables | — | 3.6 bn | 3.6 bn | 4.0 bn | SEC (XBRL)· 26 Sept 2025verified |
| Inventories | — | 3.9 bn | 4.2 bn | 4.5 bn | SEC (XBRL)· 26 Sept 2025verified |
| Current assets | — | 9.1 bn | 9.4 bn | 10.1 bn | SEC (XBRL)· 26 Sept 2025verified |
| Property, plant & equipment, net | — | 1.6 bn | 1.8 bn | 1.8 bn | SEC (XBRL)· 26 Sept 2025verified |
| Goodwill | 2.0 bn | 2.2 bn | 2.4 bn | 2.5 bn | SEC (XBRL)· 26 Sept 2025verified |
| Intangibles (excl. goodwill) | — | 783.0 m | 753.0 m | 726.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Total assets | — | 16.0 bn | 16.6 bn | 17.7 bn | SEC (XBRL)· 26 Sept 2025verified |
| Accounts payable | — | 3.4 bn | 3.4 bn | 3.6 bn | SEC (XBRL)· 26 Sept 2025verified |
| Short-term debt | — | 55.0 m | 150.0 m | 400.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Long-term debt | — | 3.7 bn | 3.8 bn | 3.8 bn | SEC (XBRL)· 26 Sept 2025verified |
| Current liabilities | — | 5.4 bn | 5.2 bn | 6.0 bn | SEC (XBRL)· 26 Sept 2025verified |
| Total liabilities | — | 11.0 bn | 11.0 bn | 11.9 bn | SEC (XBRL)· 26 Sept 2025verified |
| Equity | 4.7 bn † | 5.0 bn † | 5.6 bn † | 5.8 bn † | SEC (XBRL)· 26 Sept 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 1.1 bn | 2.7 bn | 1.9 bn | 1.9 bn | SEC (XBRL)· 26 Sept 2025verified |
| Capex | 290.0 m | 441.0 m | 372.0 m | 305.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Free cash flow | 859.0 m ≈ | 2.3 bn ≈ | 1.5 bn ≈ | 1.6 bn ≈ | SEC (XBRL)· 26 Sept 2025derived |
| Investing cash flow | -922.0 m | -1.1 bn | -601.0 m | -543.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Financing cash flow | -744.0 m | -1.8 bn | -1.3 bn | -1.3 bn | SEC (XBRL)· 26 Sept 2025verified |
| Dividends paid | 538.0 m | 711.0 m | 784.0 m | 489.0 m | SEC (XBRL)· 26 Sept 2025verified |
| Share repurchases | 1.5 bn | 908.0 m | 634.0 m | 948.0 m | SEC (XBRL)· 26 Sept 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 44 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 48.1 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet36
- Growth10
- Quality71
- Returns68
- Valuation37
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 43.10 – 271.73 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDA181.74 – 199.66 (Mid 188.28)3 companies used · median multiple 13.2x · quartiles 12.8x – 13.9xRS, TEL, WCC
- Peers: P/E195.88 – 271.73 (Mid 203.85)5 companies used · median multiple 20.6x · quartiles 19.8x – 27.5xGWW, RS, SNX, TEL, WCC
- Dividend discount (DDM)43.10 – 57.97 (Mid 49.44)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 44/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 19.8% | 80 (vs peers) | 11% |
| Net margin · Quality | 6.3% | 50 (vs peers) | 7% |
| FCF conversion · Quality | 84.2% | 77 (on a fixed band) | 7% |
| Revenue CAGR 3Y · Growth | 2.5% | 21 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | -1.3% | 0 (on a fixed band) | 9% |
| Net debt / EBITDA · Balance sheet | 1.4x | 20 (vs peers) | 11% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.7x | 77 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 25.1x | 50 (vs peers) | 11% |
| EV/EBITDA · Valuation | 17.0x | 20 (vs peers) | 11% |
| FCF yield · Valuation | 3.4% | 43 (on a fixed band) | 9% |
| Shareholder yield (distributions) · Returns | 3.2% | 46 (on a fixed band) | 7% |
| Payout ratio (FCF) · Returns | 39.6% | 100 (on a fixed band) | 4% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet36/100 · 2/3 factors with a value
- Growth10/100 · 2/2 factors with a value
- Quality71/100 · 3/3 factors with a value
- Returns68/100 · 2/2 factors with a value
- Valuation37/100 · 3/3 factors with a value
Memo
Ferguson Enterprises Inc. /DE/ (FERG). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 30.8 bn USD in 2025; YoY growth 3.8%; net margin 6.3%; ROE 32.8%; net debt/EBITDA 1.4x.
The estimated value range is 181.74–199.66 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 188.28 USD, the price of 248.53 USD leaves a potential of -24.2% (value / price − 1) and a margin of safety of -32.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 44/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 19.8%
- FCF conversion: 84.2%
- Current ratio: 1.7x
- Payout ratio (FCF): 39.6%
What contradicts it
- Revenue CAGR 3Y: 2.5%
- EPS CAGR 3Y: -1.3%
- Net debt / EBITDA: 1.4x
- EV/EBITDA: 17.0x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): Interest coverage.
Versus the vertical median
Wholesale — durable goods (SIC 50xx) · same major group (2-digit SIC) · compared with 6 companies
Only companies with a capitalisation between 5.5 bn and 351.8 bn (within 8× of the company's); 52 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| GWWW.W. Grainger, Inc. | 69.7 bn | 32.7 | 54.7% | 11.2% | +4.5% | +57% / +89% |
| TELTe Connectivity PLC | 63.8 bn | 27.5 | 18.5% | 12.6% | +8.9% | −3% / +68% |
| FERGFerguson Enterprises Inc. | 48.1 bn | 25.1 | 32.8% | 6.3% | +3.8% | +2% / +58% |
| RSReliance, Inc. | 22.5 bn | 20.6 | 14.7% | 6.4% | +3.3% | +58% / +61% |
| SNXTd Synnex Corporation | 18.4 bn | 14.0 | 14.9% | 1.8% | +6.9% | +51% / +134% |
| GPCGenuine Parts Co | 17.4 bn | 481.8 | 0.7% | 0.1% | +3.5% | −3% / −5% |
| WCCWESCO International, Inc. | 15.4 bn | 19.8 | 15.4% | 3.0% | +7.8% | +18% / +103% |
1- and 3-year price returns: for FERG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 147.08 Total return -40% · Per year -40% | 260.28 Total return 6% · Per year 6% | 392.41 Total return 60% · Per year 60% |
| 3 years | 137.06 Total return -42% · Per year -17% | 273.46 Total return 14% · Per year 5% | 453.47 Total return 88% · Per year 23% |
| 5 years | 127.73 Total return -44% · Per year -11% | 287.30 Total return 23% · Per year 4% | 524.04 Total return 121% · Per year 17% |
- Exit P/E± 68.36
- Net margin± 47.86
- Annual revenue growth± 40.05
- Annual dilution± 4.02
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Ferguson Enterprises Inc. is North America's largest value-added distributor of water and air solutions, serving a construction market of 340 billion USD 1. In fiscal 2025 net sales reached 30.8 billion USD, up 3.8% 1. In the second quarter of 2026 sales grew 4.6% and full-year 2026 guidance was raised 23.
SWOT
Strengths
- National scale, a dense network of branches and distribution centers, and same-day or next-day availability are strengths the company highlights 1.
- The balance sheet remains solid, with leverage at the level reported in the latest quarter 3.
- A broad product and service range, from design through project management, supports its position with professional customers 1.
Weaknesses
- Heavy reliance on the US market, which generates most sales, makes the company sensitive to conditions in one country 1.
- Operating costs for labor, infrastructure and fleet have at times grown faster than sales 1.
- The Canadian segment had a weak quarter in 2026, with declining revenue and lower margins 3.
Opportunities
- Non-residential growth, especially in water infrastructure and large capital projects, could support future growth 3.
- Consolidating a fragmented market through acquisitions can expand capabilities and geographic reach 13.
- If the residential market recovers, repair and new construction activity could add further growth 3.
Threats
- An economic slowdown, high interest rates or a credit crisis could reduce demand and customers' ability to pay 1.
- Trade tariffs and restrictions could raise product costs and weaken competitiveness 1.
- Suppliers that integrate vertically into distribution could sell directly to customers, potentially reducing margins 1.
Risks
- Dependence on the US economyhigh
Almost all sales come from the United States, so a weaker US economy could directly affect results 1.
- Slowdown in construction marketshigh
High interest and mortgage rates could delay residential and non-residential projects and reduce order volumes 1.
- Product price fluctuationsmedium
Deflation or inflation in commodities such as plastic, copper and steel could affect margins if prices cannot be passed on in time 1.
- Acquisition integration riskmedium
Numerous acquisitions, including FloWorks, could bring integration costs and balance sheet pressure if expected benefits do not materialize 23.
- Defined benefit pension obligationslow
Pension plans in Canada and the UK could require additional contributions if investment returns fall or discount rates change 1.
Investment thesis
What would need to be true (bull case)
- Ferguson could keep gaining share if strong non-residential demand from large projects persists and the company continues expanding through acquisitions 3.
- If repair and residential construction recover, the company's broad network could benefit from a rebound in volumes 13.
- Scale and steady cash generation could allow investment in organic growth and capital returns to shareholders while keeping a solid balance sheet 3.
What would break the thesis
- If the residential market stays weak and Canada continues to decline, total growth could slow from its recent pace 23.
- Margin pressure from operating costs and supplier pricing could reduce profitability, especially if cost inflation outpaces price increases 12.
- Multiple acquisitions could bring integration and leverage risks, and expected benefits could be delayed or not fully realized 3.
What to watch
- Integration of the FloWorks acquisition and its effect on guidanceQ3 2026
- Trend in non-residential sales and large project order volumesQ3 2026
- Recovery of the residential market and repair activity2027
- Results for the period ending September 30, 2026, reported November 2026Q1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Sales are split roughly evenly between residential and non-residential markets, and within these about two-thirds come from repair, maintenance and improvement, with one-third from new construction, based on management estimates 1. The company pursues bolt-on acquisitions; in 2026 it completed five acquisitions in one quarter and signed an agreement for FloWorks 3. It is listed on the NYSE as FERG, and its London secondary listing was cancelled effective July 20, 2026 3.
Ferguson has two reportable segments, the United States and Canada, and the US segment contributed 95% of net sales in each of fiscal years 2023 through 2025 1. It operates under the Ferguson brand in the US and the Wolseley brand in Canada 1.
Market context
The North American construction market in which Ferguson operates is valued at 340 billion USD, with residential and non-residential markets of roughly equal size 13. The market remains fragmented, and the company ranks among the top distributors in most of the end markets it serves 1.
In 2026 non-residential demand, particularly large capital projects, remained strong, while the residential market stayed weak with soft new construction and repair activity 3.
Trends
- Non-residential growthtailwind
Commercial, industrial and water infrastructure projects grew, and open order volumes and bidding for large projects stayed healthy, which could support sales if these projects continue 3.
- Weak residential marketheadwind
New construction and repair, maintenance and improvement work remained soft, and a lack of recovery could slow growth in the residential segment 3.
- Consolidation through acquisitionsmixed
Acquisitions of regional and niche distributors such as FloWorks extend capabilities, but could dilute margins if integration does not go as planned 23.
- Commodity price pressuremixed
Products made of plastic, copper and steel are subject to price swings, and deflation or inflation can affect margins depending on how well costs are passed on to customers 1.
Competitive position
The markets Ferguson serves are highly competitive, with small local distributors, mid-size regional distributors, supply houses, retailers, online businesses and manufacturers selling directly 1. Competition could intensify through new entrants or consolidation among rivals, potentially reducing sales and margins 1.
Ferguson argues that its scale, supplier network and branch count let it serve customers better than competitors that operate only locally 1. Pressure also comes from suppliers that vertically integrate and sell directly to customers at lower prices 1.
- WatscoWSO
HVAC products distributor active in markets that overlap with Ferguson's climate and comfort segment.
- Core & MainCNM
Distributor of water and infrastructure products active in utility and waterworks segments overlapping with Ferguson.
- Local and regional plumbing distributors
Numerous small and mid-size local or regional distributors competing for projects and customers in their areas.
- Online sellers and retailers
E-commerce platforms and retailers that attract buyers through price and convenience, as noted in the company's risk factors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report14 Aug 2026Other events · Financial statements and exhibits
- Current report11 Aug 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report10 Aug 2026
- Current report10 Aug 2026Results of operations · Financial statements and exhibits
- Current report13 Jul 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report05 May 2026
- Current report05 May 2026Results of operations · Financial statements and exhibits
- Current report04 May 2026Shareholder vote
- Proxy statement16 Mar 2026
- Current report24 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-07-31 · SEC / Ferguson Enterprises Inc. · 26 Sept 2025
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Ferguson Enterprises Inc. · 10 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Ferguson Enterprises Inc. · 10 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.