Ferguson Enterprises Reports Q4 Earnings Beat with 3.7% Revenue Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy FERG?
Source: seekingalpha
- Earnings Beat: Ferguson Enterprises reported a Q4 non-GAAP EPS of $2.10, exceeding expectations by $0.01, which highlights the company's robust profitability amidst a challenging economic landscape.
- Stable Revenue Growth: The company achieved Q4 revenue of $7.5 billion, reflecting a 3.7% year-over-year increase and surpassing market expectations by $40 million, indicating sustained demand in the infrastructure and building materials sectors.
- 2026 Financial Guidance: For 2026, Ferguson anticipates net sales growth in the low to mid-single digits, below the estimated 4.31%, reflecting a cautious outlook, while adjusted operating margin is projected between 9.4% and 9.8%.
- Capital Expenditure Plans: Ferguson plans to allocate $350 to $400 million for capital expenditures in 2026, with interest expenses expected to be around $200 million, which will support its long-term growth strategy and enhance infrastructure investment capabilities.
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Analyst Views on FERG
Wall Street analysts forecast FERG stock price to rise
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 247.960
Low
220.32
Averages
262.26
High
289.42
Current: 247.960
Low
220.32
Averages
262.26
High
289.42
About FERG
Ferguson Enterprises Inc. is a value-added distributor serving specialized professionals in the residential and non-residential North American construction market. The Company’s geographical segments include the United States and Canada. The Company provides a wide range of products and services, such as plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves, and fittings (PVF), water and wastewater solutions, and more. It sells through a common network of distribution centers, branches, counter service and specialist sales associates, showroom consultants and e-commerce channels. The Company serves various industries, such as plumbing, HVAC, commercial / mechanical, facilities supply, fire & fabrication, industrial, builder, waterworks. The Company’s brands include Armateck, Durastar, FNW, National Fire Products, Pollardwater, PROFLO, PROSELECT, Raptor, Signature Hardware, and Westcraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ferguson Enterprises Files Form 10-KT with SEC
- Financial Filing: On February 27, 2026, Ferguson Enterprises filed a Form 10-KT with the U.S. Securities and Exchange Commission, reflecting the company's ongoing commitment to transparency and compliance, ensuring investors have access to the latest financial information.
- Market Position: As North America's largest value-added distributor, Ferguson plays a significant role in the $340 billion residential and non-residential construction markets, offering a wide range of products and services from plumbing and HVAC to water and wastewater solutions, showcasing its extensive industry influence.
- Sales Performance: Ferguson achieved sales of $31.3 billion in 2025, indicating the company's success in managing complex projects and customer service, further solidifying its market leadership.
- Employee Scale: The company employs approximately 35,000 associates across over 1,700 locations globally, demonstrating its strong operational capacity and market reach, supporting its ongoing growth and service capabilities.
See More
Ferguson Enterprises PDMR Stock Transactions Notification
- Executive Stock Purchases: Ferguson Enterprises director Kelly Baker purchased 3.412 shares of common stock at $261.366 each through an independent dividend reinvestment plan, indicating executive confidence in the company's future.
- Transaction Details Disclosure: Catherine Halligan bought 5.101 shares at $261.345 each, demonstrating that executives remain actively engaged in stock purchases amid market fluctuations, enhancing market expectations for the company's stability.
- Continued Investment Signal: James S. Metcalf acquired 5.114 shares at $261.326 each, further indicating executives' confidence in the company's long-term growth potential, which may attract more investor interest.
- Digital Leadership Stake Increase: Chief Digital & Information Officer James Paisley purchased 2.435 shares at $261.335 each, reflecting the company's strategic emphasis on digital transformation, potentially enhancing its competitiveness in the industry.
See More
Ferguson Enterprises PDMRs Stock Transactions Notification
- Executive Trading Overview: Four executives from Ferguson Enterprises, including Kelly Baker and Catherine Halligan, have made initial notifications regarding their stock transactions, indicating confidence in the company's future prospects.
- Transaction Details: Kelly Baker purchased 3.412 shares at $261.366 each, while Catherine Halligan bought 5.1012 shares at $261.345 each, demonstrating active participation in the company's equity through an independent dividend reinvestment plan.
- Aggregate Transaction Analysis: The total transaction amount for Kelly Baker was $891.78, while Catherine Halligan's amounted to $1,333.12, reflecting a sustained investment interest from executives in the company's stock.
- Market Reaction Potential: These executive purchases may positively influence market sentiment, reflecting internal confidence in future growth, although current market sentiment remains neutral.
See More
Ferguson Enterprises Reports Strong Q4 2025 Earnings with Strategic Outlook
- Strong Financial Performance: Ferguson reported Q4 2025 net sales of $7.5 billion, a 3.6% year-over-year increase, with organic revenue growth of 3% and acquisition growth of 0.9%, demonstrating robust profitability in a competitive market.
- Margin Improvement: The gross margin for Q4 reached 30.6%, up 90 basis points from last year, while operating profit hit $625 million, a 13.8% increase, indicating significant progress in cost control and operational efficiency.
- Optimistic Outlook: Management anticipates that the overall market will remain flat in 2026, with residential markets declining in the low to mid-single digits and non-residential markets expected to grow in the low to mid-single digits, reflecting confidence in future growth.
- Continued Shareholder Returns: Ferguson repurchased $902 million in stock during FY 2025 and plans to continue driving growth through acquisitions and technology investments, further enhancing shareholder value.
See More
Ferguson Earnings: Residential Revenue Declines 2%
- Weak Residential Market: The U.S. residential revenue declined by 2% year-over-year, primarily due to lower housing starts, permit activity, and subdued RMI demand, indicating challenges in the market environment affecting overall company revenue.
- Strong Non-Residential Growth: Non-residential revenue rose by 10%, driven by market share gains, strong execution, and value-added solutions, showcasing the company's competitive advantage in large capital projects.
- Management's Optimistic Outlook: Ferguson CEO Kevin Murphy expressed confidence in continued strong operational execution and investment, emphasizing the company's long-term growth potential in both residential and non-residential markets, particularly in providing essential water and air solutions.
- Future Projections: The company expects net sales to grow in the low to mid-single digits for 2026, with an adjusted operating margin forecasted between 9.4% and 9.8%, reflecting confidence in future performance.
See More
Ferguson Enterprises Reports Strong Quarterly Results Amid Residential Weakness
- Quarterly Sales Growth: Ferguson Enterprises reported net sales of $7.50 billion for Q4, a 3.6% increase from $7.23 billion last year, surpassing the consensus estimate of $7.46 billion, demonstrating resilience in a challenging market environment.
- Profitability Improvement: Adjusted earnings per share rose to $2.10, exceeding estimates of $2.09 and up from $1.88 a year earlier, reflecting the company's success in cost control and operational efficiency.
- Divergent Market Demand: Despite strong overall performance, the U.S. residential market remains weak, with residential revenue declining 2% in Q4, negatively impacting investor sentiment and indicating uncertainty for future growth.
- 2026 Outlook: Ferguson anticipates low to mid-single digit net sales growth for 2026, with adjusted operating margins projected between 9.4% and 9.8%, indicating a cautious approach in the face of market challenges.
See More
Ferguson Enterprises Files Form 10-KT with SEC
- Financial Filing: On February 27, 2026, Ferguson Enterprises filed a Form 10-KT with the U.S. Securities and Exchange Commission, reflecting the company's ongoing commitment to transparency and compliance, ensuring investors have access to the latest financial information.
- Market Position: As North America's largest value-added distributor, Ferguson plays a significant role in the $340 billion residential and non-residential construction markets, offering a wide range of products and services from plumbing and HVAC to water and wastewater solutions, showcasing its extensive industry influence.
- Sales Performance: Ferguson achieved sales of $31.3 billion in 2025, indicating the company's success in managing complex projects and customer service, further solidifying its market leadership.
- Employee Scale: The company employs approximately 35,000 associates across over 1,700 locations globally, demonstrating its strong operational capacity and market reach, supporting its ongoing growth and service capabilities.
See More
Ferguson Enterprises PDMR Stock Transactions Notification
- Executive Stock Purchases: Ferguson Enterprises director Kelly Baker purchased 3.412 shares of common stock at $261.366 each through an independent dividend reinvestment plan, indicating executive confidence in the company's future.
- Transaction Details Disclosure: Catherine Halligan bought 5.101 shares at $261.345 each, demonstrating that executives remain actively engaged in stock purchases amid market fluctuations, enhancing market expectations for the company's stability.
- Continued Investment Signal: James S. Metcalf acquired 5.114 shares at $261.326 each, further indicating executives' confidence in the company's long-term growth potential, which may attract more investor interest.
- Digital Leadership Stake Increase: Chief Digital & Information Officer James Paisley purchased 2.435 shares at $261.335 each, reflecting the company's strategic emphasis on digital transformation, potentially enhancing its competitiveness in the industry.
See More
Ferguson Enterprises PDMRs Stock Transactions Notification
- Executive Trading Overview: Four executives from Ferguson Enterprises, including Kelly Baker and Catherine Halligan, have made initial notifications regarding their stock transactions, indicating confidence in the company's future prospects.
- Transaction Details: Kelly Baker purchased 3.412 shares at $261.366 each, while Catherine Halligan bought 5.1012 shares at $261.345 each, demonstrating active participation in the company's equity through an independent dividend reinvestment plan.
- Aggregate Transaction Analysis: The total transaction amount for Kelly Baker was $891.78, while Catherine Halligan's amounted to $1,333.12, reflecting a sustained investment interest from executives in the company's stock.
- Market Reaction Potential: These executive purchases may positively influence market sentiment, reflecting internal confidence in future growth, although current market sentiment remains neutral.
See More
Ferguson Enterprises Reports Strong Q4 2025 Earnings with Strategic Outlook
- Strong Financial Performance: Ferguson reported Q4 2025 net sales of $7.5 billion, a 3.6% year-over-year increase, with organic revenue growth of 3% and acquisition growth of 0.9%, demonstrating robust profitability in a competitive market.
- Margin Improvement: The gross margin for Q4 reached 30.6%, up 90 basis points from last year, while operating profit hit $625 million, a 13.8% increase, indicating significant progress in cost control and operational efficiency.
- Optimistic Outlook: Management anticipates that the overall market will remain flat in 2026, with residential markets declining in the low to mid-single digits and non-residential markets expected to grow in the low to mid-single digits, reflecting confidence in future growth.
- Continued Shareholder Returns: Ferguson repurchased $902 million in stock during FY 2025 and plans to continue driving growth through acquisitions and technology investments, further enhancing shareholder value.
See More
Ferguson Earnings: Residential Revenue Declines 2%
- Weak Residential Market: The U.S. residential revenue declined by 2% year-over-year, primarily due to lower housing starts, permit activity, and subdued RMI demand, indicating challenges in the market environment affecting overall company revenue.
- Strong Non-Residential Growth: Non-residential revenue rose by 10%, driven by market share gains, strong execution, and value-added solutions, showcasing the company's competitive advantage in large capital projects.
- Management's Optimistic Outlook: Ferguson CEO Kevin Murphy expressed confidence in continued strong operational execution and investment, emphasizing the company's long-term growth potential in both residential and non-residential markets, particularly in providing essential water and air solutions.
- Future Projections: The company expects net sales to grow in the low to mid-single digits for 2026, with an adjusted operating margin forecasted between 9.4% and 9.8%, reflecting confidence in future performance.
See More
Ferguson Enterprises Reports Strong Quarterly Results Amid Residential Weakness
- Quarterly Sales Growth: Ferguson Enterprises reported net sales of $7.50 billion for Q4, a 3.6% increase from $7.23 billion last year, surpassing the consensus estimate of $7.46 billion, demonstrating resilience in a challenging market environment.
- Profitability Improvement: Adjusted earnings per share rose to $2.10, exceeding estimates of $2.09 and up from $1.88 a year earlier, reflecting the company's success in cost control and operational efficiency.
- Divergent Market Demand: Despite strong overall performance, the U.S. residential market remains weak, with residential revenue declining 2% in Q4, negatively impacting investor sentiment and indicating uncertainty for future growth.
- 2026 Outlook: Ferguson anticipates low to mid-single digit net sales growth for 2026, with adjusted operating margins projected between 9.4% and 9.8%, indicating a cautious approach in the face of market challenges.
See More
