FERG Ferguson Enterprises Inc. /DE/

Overview and Growth

In fiscal 2025, Ferguson Enterprises Inc. /DE/ recorded $30.76B of revenue, net income of $1.86B, and an operating cash inflow of $1.91B. The $30.76B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 3.8% from $29.64B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $9.32, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 9.3% from $8.53 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis.

Profitability

Gross profit was $9.44B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 30.7% of revenue, showing how much of the top line remained after direct costs. Operations produced $2.61B of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 8.5% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $1.86B for the fiscal year. The final earnings result represented 6.0% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $2.42B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 7.9% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $567.00M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 23.4%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

The company held $17.73B of assets against $11.90B of liabilities and $5.83B of equity, revealing how the asset base was financed. The near-term balance sheet paired $10.15B of current assets with $6.03B of current liabilities at the reporting date. The current ratio was 1.68x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $674.00M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 11.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $4.15B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.71x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 23.4%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 67.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 3.8% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Cash flow from operations was $1.91B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.03x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $305.00M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 16.0%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $1.60B of positive free cash flow for the period. Relative to revenue, free cash flow equaled 5.2%, showing how much sales converted into cash after investment. Free cash flow equaled 9.0% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Jul 31, 2025. Analysis generated Oct 21, 2026.