# Ferguson Enterprises Inc. (FERG) — Stock CV

Ferguson Enterprises Inc. is a $42.6B industrial company. Revenue grew 8.2% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~2.2 years of free cash flow. It trades at 17.5× earnings — in the cheapest third of its own history.

> Ferguson distributes plumbing and HVAC products to North American repair, maintenance, and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers.

## Identity

- **Ticker**: FERG
- **Sector**: Industrials
- **Industry**: Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
- **Headquarters**: NEWPORT NEWS, VA
- **Employees**: 36 000
- **Website**: https://www.ferguson.com
- **Market cap**: $42.6B
- **Last price**: $220.04
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $32.3B
- **Net income**: $2.19B
- **Free cash flow**: $1.56B
- **Net debt**: $3.48B
- **P/E**: 17.5
- **Revenue growth (YoY)**: 8.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 6 |
| Profitability | 70 |
| Health | 80 |
| Quality | 82 |
| Moat | 81 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +8.2% YoY
- [x] Profitable — $2.19B TTM
- [ ] Profit growing — -24.0% YoY
- [x] Generates cash — $1.56B TTM
- [x] Debt under control — ~2.2y of cash flow to repay
- [x] Established company — $42.6B market cap
- [x] Not printing shares — -9.0% shares over ~5y
- [x] Proven track record — 4/4 profitable years
- [x] Financially stable — Altman Z 3.9 — safe
- [x] Pays a dividend — yield 1.58%
- [x] Valuation not extreme — P/E 17.5

## Experience (career milestones)

- **FY2022** — Profitable every year on record: 4 consecutive profitable years in our data
- **FY2022** — Revenue already above $10B: $28.6B in first reported year
- **FY2022** — Best year on record: $2.12B net income

## Strengths

- Interest covered 13.7× by operating earnings
- High returns on invested capital (ROIC 19.9%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
- Altman Z-Score 3.92 — low bankruptcy-risk zone

## Watch-outs

- Short reporting history — trends are less reliable

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $28.6B | $2.12B | $859M |
| FY2023 | $29.7B | $1.89B | $2.28B |
| FY2024 | $29.6B | $1.74B | $1.50B |
| FY2025 | $30.8B | $1.86B | $1.60B |

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Source: https://stockcv.com/FERG — derived from company filings; may be delayed or incomplete. Information, not investment advice.