F

Ferguson

Distributes plumbing and HVAC supplies to pros

Website

Overview

Ferguson distributes plumbing, HVAC, waterworks and industrial supplies to the contractors, builders and facility teams that install and maintain water and air systems across North America. Its branches, distribution centers and showrooms stock pipe, valves, fixtures, heating and cooling equipment and fire protection products, so trade professionals can buy at a counter or schedule jobsite delivery. Specialist teams quote large capital projects, and showroom consultants walk homeowners and builders through fixture choices. Ferguson earns its revenue on the margin between what it pays manufacturers and what it charges professional customers. Ferguson was founded in 1953 and is based in Newport News, Virginia.

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About Ferguson

Simplify's Rating
Why Ferguson is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Company Size

10,001+

Company Stage

IPO

Headquarters

Newport News, VA

Founded

1953

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Simplify's take

What believers are saying

  • Outlook is improving: in August 2026, Ferguson raised its 2026 sales guidance to mid-single-digit growth.
  • Commercial work drives growth: non-residential revenue rose 8% year over year in the quarter ended June 2026.
  • Structured training for new hires: credit trainees spend 12 to 24 months working the warehouse, sales counter and delivery routes.

What critics are saying

  • Housing sets the pace: residential work is about half of revenue and grew just 2% in the June 2026 quarter.
  • Canada is a soft spot: adjusted operating profit there fell 4.3% to $22 million in the quarter ended June 2026.
  • Expect to move: credit trainees must be open to relocation after training, with placements across Ferguson's branch network.

What makes Ferguson unique

  • Local stock at scale: about 1,700 locations keep plumbing and HVAC parts closer to job sites than regional supply houses.
  • One supplier for water and air: Ferguson sells waterworks, plumbing and HVAC, while Core & Main sticks to waterworks.
  • Industrial valve depth: the $1.6 billion FloWorks purchase closed in August 2026, raising Ferguson's addressable market to $400 billion.

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Funding

Total Funding

$750.4M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • Paid Parental Leave
  • Mental Health Support

Stock Price

Company News

MLQ AI
Nov 9th, 2026
Ferguson lifts 2026 sales outlook to about 7% growth as non-residential sales climb 15%.

Ferguson lifts 2026 sales outlook to about 7% growth as non-residential sales climb 15%. Key points * Sales rose 9.5% to $9.03 billion, with 7.0% organic growth; non-residential sales grew 15% and residential 6% [[1]]. * Full-year 2026 guidance is now about 7% sales growth, up from mid-single digits, with an adjusted operating margin of 9.6%-9.8% [[1]]. * Ferguson spent $1.7 billion on acquisitions in the quarter, mainly FloWorks, and net debt rose to 1.7 times adjusted EBITDA from 1.0 times [[1]]. Ferguson raised its 2026 sales forecast to about 7% growth, from mid-single-digit growth, after third-quarter sales rose 9.5% to $9.03 billion on Monday [[1]]. Non-residential sales grew 15% and residential sales 6%, and organic growth was 7.0% [[1]]. Net income fell to $598 million, or $3.08 a diluted share, from $638 million, or $3.24, a year earlier, which Ferguson put down mainly to the timing of tax benefits in the comparison quarter [[1]]. Adjusted EPS rose 7.9% to $3.43, and adjusted operating profit rose 8.9% to $962 million [[1]]. Gross margin slipped 40 basis points to 30.9% against a prior-year quarter that Ferguson said was lifted by the timing of supplier price increases [[1]]. Large projects carry the non-residential business. In the U.S., which made up $8.62 billion of the $9.03 billion in sales, Ferguson said its non-residential gains came from share wins in "a mixed market" and that "large capital project activity remained healthy with growth in open order volumes and strong bidding activity" [[1]]. The release does not break out data centers. In its 2025 annual report, Ferguson listed data centers alongside semiconductor plants and biotech facilities as the large capital projects lifting its non-residential end markets, which make up about half of revenue [[2]]. Residential markets stayed weak, with soft new construction and repair work [[1]]. Canadian sales fell 4.5% to $405 million [[1]]. "While our markets remain mixed, our year-to-date performance and the addition of FloWorks enable us to raise our full year guidance," CEO Kevin Murphy said [[1]]. Quarterly results, from MLQ's SEC-derived financials and the Nov. 9 release [[3]] [[1]]: | Quarter | Net sales | Gross profit | Operating profit | Net income | Diluted EPS | | Q3 2025 (Jul-Sep) | $8,245M | $2,583M | $844M | $638M | $3.24 | | Q2 2026 (Apr-Jun) | $8,751M | $2,712M | $893M | $666M | $3.43 | | Q3 2026 (Jul-Sep) | $9,026M | $2,786M | $885M | $598M | $3.08 | Acquisitions and guidance. FloWorks, a valve and flow-control distributor with more than 60 locations and 25 service centers in the U.S. and Canada, closed on Aug. 31 [[1]]. Ferguson also bought Brax Company and Rogers Supply in the quarter and Canyon Systems after it, for 11 acquisitions this year with about $1.5 billion of combined annual sales [[1]]. It funded FloWorks with $1.2 billion of senior notes and a $900 million term loan, paused buybacks, and expects to resume them as leverage moves back toward the low end of its 1-2 times target [[1]]. The updated 2026 outlook includes FloWorks: adjusted operating margin of 9.6%-9.8% (from 9.5%-9.8%), interest expense of about $235 million (from about $200 million) and capital spending of about $425 million [[1]]. Ferguson declared a quarterly dividend of $0.89 and reports fourth-quarter results on Feb. 16, 2027 [[1]]. Companies mentioned. At the intersection of AI, tech, and markets. The stories that matter, in one email. Free - unsubscribe anytime.

Yahoo Finance
Nov 9th, 2026
Ferguson shares jump 12% as $9.03B quarterly revenue beats estimates, guidance raised

Ferguson Enterprises (NYSE: FERG) shares rose 12% in Monday trading after the company reported third-quarter results that beat analyst expectations. Adjusted earnings per share were $3.43, against an estimate of $2.46. Revenue rose 9.5% to $9.03 billion, ahead of the $8.22 billion consensus. Ferguson now expects calendar 2026 net sales growth of about 7%, up from mid-single digits. It raised its adjusted operating margin guidance to 9.6%-9.8% from 9.5%-9.8%. Adjusted operating profit rose 8.9% to $962 million. US sales grew 10.2%, while Canada sales fell 4.5%. The company has completed 11 acquisitions this year, including FloWorks, with aggregate annualised revenue of about $1.5 billion. It declared a quarterly dividend of $0.89.

Finimize
Nov 9th, 2026
Ferguson lifted its 2026 sales outlook after A strong quarter.

Ferguson lifted its 2026 sales outlook after A strong quarter. The plumbing supplies distributor beat estimates, pointed to its FloWorks deal, and the stock jumped 11% on Monday. about 1 hour ago - 1 min What's going on here? Ferguson Enterprises just raised its 2026 sales growth outlook after a better-than-expected quarter, and the plumbing-and-industrial supplies distributor's stock jumped 11% on Monday. What does this mean? Ferguson said it now expects around 7% sales growth in 2026, after reporting quarterly sales up 9.5% to $9.03 billion and adjusted earnings of $3.43 a share, both ahead of analysts' estimates. Management described demand as "mixed," but CEO Kevin Murphy said the guidance lift was helped by the August acquisition of FloWorks, a point Truist Securities also highlighted. The US business drove results: sales rose 10% to $8.62 billion, with non-residential up 15% and r... Keep reading for free. This content is free, but you must be logged in to continue reading. Already have an account?

Grafa
Nov 9th, 2026
Ferguson delivers $9B in Q3 revenue, up 9.5% year over year.

Ferguson delivers $9B in Q3 revenue, up 9.5% year over year. Ferguson Enterprises (NYSE:FERG) reported third-quarter 2026 sales of US$9.026 billion, up 9.5% year-over-year, including 7% organic growth.

WallStreetBets, Inc.
Nov 9th, 2026
Ferguson raises 2026 margin outlook as Q3 sales rise 9.5%.

Ferguson raises 2026 margin outlook as Q3 sales rise 9.5%. Sales rose 9.5% to $9.0 billion in the third quarter, and adjusted diluted EPS of $3.43 rose 7.9%. The company raised the floor of its 2026 adjusted operating margin forecast to 9.6%, from 9.5%. By Yash Upadhyaya Key takeaways. * Ferguson Enterprises (FERG) reported third-quarter sales of $9.0 billion, up 9.5% from a year earlier, and raised its 2026 adjusted operating margin forecast to 9.6% to 9.8%. Adjusted diluted earnings per share were $3.43, up 7.9%. The company also raised its interest expense outlook to about $235 million, citing the FloWorks acquisition. Ferguson Enterprises (FERG) raised the low end of its 2026 adjusted operating margin forecast as third-quarter sales rose 9.5% to $9.0 billion. Adjusted diluted EPS rose 7.9%; reported diluted EPS was $3.08, down 4.9%. Here's how the company did: * Net sales: $9.03 billion vs. $8.25 billion a year earlier * Adjusted diluted EPS: $3.43 vs. $3.18 a year earlier * Adjusted operating profit: $962 million vs. $883 million a year earlier Organic growth was 7.0% in the quarter, and acquisitions added 2.7%. 2026 guidance. Ferguson now expects an adjusted operating margin of 9.6% to 9.8%, from 9.5% to 9.8% on Aug. 10. Interest expense is now expected at about $235 million, up from about $200 million. Capital expenditures are now expected at about $425 million, from $375 million to $425 million. The adjusted effective tax rate stays at about 26%. CEO Kevin Murphy said: "While our markets remain mixed, our year-to-date performance and the addition of FloWorks enable us to raise our full year guidance." Segment results. US net sales rose 10.2% to $8.62 billion, with organic growth of 7.4%. Non-residential sales rose 15%, and residential sales rose 6%. US adjusted operating profit was $952 million, up 8.8%. Canada net sales fell 4.5% to $405 million: organic growth of 0.6% was offset by a 3.2% impact from divestments and a 1.9% foreign exchange headwind. Canada adjusted operating profit was $23 million. Acquisitions. Ferguson completed three acquisitions in the quarter, including FloWorks, which closed Aug. 31. Canyon Systems, Inc. was completed after quarter end. The company has completed eleven acquisitions this year, with aggregate annualized sales of about $1.5 billion. Cash and capital returns. Net debt to adjusted EBITDA was 1.7x at Sept. 30, up from 1.0x a year earlier. The company invested $1.7 billion in acquisitions in the quarter, including FloWorks, and spent $108 million on capital expenditures. Ferguson priced $1.2 billion of senior unsecured notes and entered into a $900 million term loan that matures in 2029. The proceeds were used to finance FloWorks, with the remainder for general corporate purposes. Share repurchases were paused in connection with FloWorks. The company expects to resume buybacks as leverage trends back toward the lower end of its 1-2x net debt to adjusted EBITDA target range. The board declared a quarterly dividend of $0.89, payable Jan. 8, 2027, to holders of record as of Nov. 20, 2026. Ferguson plans to report results for the year ending Dec. 31, 2026, on Feb. 16, 2027.

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