Ferguson Plc (FERG) financial statements
Ferguson Plc reported revenue of $30.8B in fiscal 2025, up 2.5% a year over 3 years.
Net income was $1.9B and the operating margin 8.5%, against 9.9% in 2022.
Free cash flow was $1.6B, and the company returned $489M in dividends and $948M in net buybacks.
The diluted share count fell 9% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ferguson Plc's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $28.6B | $29.7B | $29.6B | $30.8B |
| Cost of revenue | $19.8B | $20.7B | $20.6B | $21.3B |
| Gross profit | $8.8B | $9.0B | $9.1B | $9.4B |
| Selling, general and admin | $5.6B | $5.9B | $6.0B | $6.4B |
| Operating income | $2.8B | $2.7B | $2.7B | $2.6B |
| Interest expense | $111M | $184M | $179M | — |
| Pre-tax income | $2.7B | $2.5B | $2.5B | $2.4B |
| Income tax | $609M | $575M | $729M | $567M |
| Net income | $2.1B | $1.9B | $1.7B | $1.9B |
| EPS (diluted) | $9.69 | $9.12 | $8.53 | $9.32 |
| Diluted shares | 219M | 207M | 204M | 199M |
| Gross margin | 30.7% | 30.4% | 30.5% | 30.7% |
| Operating margin | 9.9% | 8.9% | 8.9% | 8.5% |
| Net margin | 7.4% | 6.4% | 5.9% | 6.0% |
Balance sheet
Fiscal years, from Ferguson Plc's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $771M | $601M | $571M | $674M |
| Receivables | — | $3.6B | $3.6B | $4.0B |
| Inventory | — | $3.9B | $4.2B | $4.5B |
| Total current assets | — | $9.1B | $9.4B | $10.1B |
| Property, plant and equipment | — | $1.6B | $1.8B | $1.8B |
| Goodwill | $2.0B | $2.2B | $2.4B | $2.5B |
| Total assets | — | $16.0B | $16.6B | $17.7B |
| Total current liabilities | — | $5.4B | $5.2B | $6.0B |
| Long-term debt | — | $3.7B | $3.8B | $3.8B |
| Total liabilities | — | $11.0B | $11.0B | $11.9B |
| Shareholders' equity | $4.7B | $5.0B | $5.6B | $5.8B |
| Net debt | -$771M | $3.2B | $3.4B | $3.5B |
Cash flow
Fiscal years, from Ferguson Plc's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $1.1B | $2.7B | $1.9B | $1.9B |
| Capital spending | $290M | $441M | $372M | $305M |
| Free cash flow | $859M | $2.3B | $1.5B | $1.6B |
| Stock-based compensation | $57M | $51M | $49M | $28M |
| Dividends paid | $538M | $711M | $784M | $489M |
| Share buybacks (net) | -$1.5B | -$908M | -$634M | -$948M |
| Net borrowing | $1.4B | -$155M | $145M | $221M |
| Free cash flow margin | 3.0% | 7.7% | 5.1% | 5.2% |
| Dividends per share | $2.46 | $3.43 | $3.85 | $2.45 |
Questions
What was Ferguson Plc's revenue in 2025?
$30.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ferguson Plc generate?
$1.6B in fiscal 2025 (operating cash flow minus capital spending).
From Ferguson Plc's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.