Ferguson Delivers Double‑Digit Profit Growth and Sets Higher Margin Targets for 2026
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An update from Ferguson PLC ( (FERG) ) is now available.
Ferguson reported calendar 2025 net sales of $31.3 billion, up 5%, with higher gross and operating margins lifting diluted EPS by 24.2% and adjusted EPS by 13.4%. The group generated $2.2 billion in operating cash flow, raised dividends to $3.38 per share, invested $276 million in eight acquisitions, repurchased $0.9 billion of stock, and ended the year with conservative leverage of 1.1x adjusted EBITDA.
Management highlighted double‑digit non‑residential growth despite a tougher residential backdrop, underscoring Ferguson’s ability to gain share and fund both organic expansion and bolt‑on deals. For calendar 2026, the company guided to low to mid‑single digit sales growth, a higher adjusted operating margin of 9.4%–9.8%, and stepped‑up capital spending of up to $400 million, signaling continued investment in market‑leading capabilities while maintaining disciplined balance‑sheet management.
More about Ferguson PLC
Ferguson PLC, listed in New York and London, operates as a scale-advantaged distributor of plumbing, water, and HVAC products, providing essential water and air solutions to professional customers. The group serves both residential and non‑residential construction and renovation markets, with a particular focus on complex project needs in North America.
Learn more about FERG stock on TipRanks’ Stock Analysis page.
