FERGFerguson Enterprises

Industrials · Industrial Distribution · NYSE

Ferguson is the largest value-added distributor serving the water and air specialized professional in our $340 billion residential and non-residential North American construction market. 10-K, Item 1

Employees: 35,000
Headquarters: Newport News, VA
CEO: Kevin Murphy
Next results: around Feb 23, 2027

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RevenueFY2022–25 $30.8B+3.8% FY2024: $29.6B 10-K FY2025 · XBRL Net incomeFY2022–25 $1.9B+7.0% FY2024: $1.7B 10-K FY2025 · XBRL Free cash flowFY2022–25 $1.6B+6.8% FY2024: $1.5B 10-K FY2025 · XBRL Operating marginFY2022–25 8.5%−0.5 pts 9.9% in FY2022 10-K FY2025 · XBRL

What changed

10-K filed Sep 26, 2025 against Sep 25, 2024

Area	What changed	Source
Risk factors	12 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	11 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Sep 26, 2025

Paragraphs in Risk Factors that were not in the 10-K filed 2024-09-25. Quoted as filed.

Any of these events could impair the ability of our customers to make full and timely payments for, or reduce the volume of, products our customers purchase from us and could cause increased pressure on our selling prices. In particular, our customers may be affected by the shortage of skilled trade professionals in the U.S. If the…
10-K, Item 1A

All 12 new paragraphs →

Accounting checks

latest 10-K

11 of 11 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +10.0% vs revenue +3.8% (+6.2 pts)
✓
Cash from operations $1.9B vs net income $1.9B (FY ending 2025-07-31)
✓
Inventory +7.3% vs revenue +3.8% (+3.5 pts)
✓
Same auditor in both 10-Ks: Deloitte & Touche LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Inventory Reserves
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 9, 20268-K Quarterly results 8-K item 2.02
Nov 9, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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