Ferguson Enterprises Inc.
FERG - Insider Information
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+ FollowMarket Cap$46.17B
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Earnings Call Q2 2026
August 10, 2026 - AI Summary
Strong Q2 fundamentals + profit/share growth (good)
- Revenue: $8.8B, +4.6% YoY ( +3.8% organic, +1% acquisitions, -0.2% divestment).
- Gross margin: 31%, -20 bps YoY (tough comp from prior supplier price increases; margin still described as strong).
- Operating profit: $932M, +2.9%, with operating margin 10.7% ( -10 bps YoY).
- EPS: $3.39, +5.3% YoY (driven by operating profit growth + share repurchases impact).
Demand picture: large capital projects/backlog building, with some residential headwinds (mixed)
- US non-res performance: +8% growth, up from +13% prior-year comp, with large capital projects supporting strength; backlog/open orders continuing to build and remain above what Q2 growth implies.
- Commercial mechanical: +15% (on +20% prior-year comp) led by data centers, pharma/biotech, general manufacturing.
- Industrial: +18% (on +6% prior-year comp), supported by life sciences/pharma, chemical, power generation infrastructure.
- Residential: +2% in the quarter, but CFO noted persistent residential weakness; overall mix described as providing resilience.
Inflation/pricing and gross margin seasonality: expected to remain manageable, but commodities can move (surprising/uncertain)
- Inflation deceleration to low-single-digit YoY is attributed to rolling over earlier price increases on finished goods.
- Commodities: ~flat basket in the quarter; PVC still down double digits (deflation), so commodity direction is a key swing factor.
- Gross margin was flatter QoQ than the prior quarter’s expectation of summer step-down; management says execution + pricing tools + own-brand growth kept gross margin resilient.
- Target view: gross margin expected to support the operating margin outlook, though Q3 comps are tough (they cited 31.3% gross margin in Q3 last year).
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$-17.08
106.9% downside
Current Fair Value
106.9% downsideOvervalued by 106.9% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $46.17 Billion |
|---|---|
| Enterprise Value | $52.15 Billion |
| Annual dividend | $3.56 |
| Dividend yield | 1.49% |
| Earnings per Share | $3.44 |
| Beta | 1.12 |
| Outstanding Shares | 193,700,000 |
Return
| Return on Equity | 37.90% |
|---|---|
| Return on Assets | 12.17% |
| Return on Invested Capital | 19.74% |
Valuation & Multiples
| P/E Ratio | 22.8 |
|---|---|
| PEG | 36.51 |
| Price to Sales | 1.47 |
| Price to Book Ratio | 7.77 |
| Enterprise Value to Revenue | 1.59 |
| Enterprise Value to EBIT | 20.43 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.12 |
| Debt to Equity | 1.03 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 10, 2026
EPS Estimate
$3.31
Consensus analyst estimateRevenue Estimate
$8.69 B
Consensus analyst estimateNext Earnings Call
Expected Date
November 5, 2026
EPS Estimate
$3.30
Consensus analyst estimateRevenue Estimate
$8.74 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 89.41% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 5.61%▼ 90.61% |
|---|---|
| Total Invested | $2.42B▼ 94.53% |
| Investors Holding | 305▼ 660.00% |
About Ferguson Plc.
CEO: Kevin Murphy
Ferguson is the world's leading value-added distributor of plumbing and heating products