FERGFerguson Enterprises

Industrials · Industrial Distribution · NYSE

FERG and 9 peers, year by year

The 9 Industrials companies closest to FERG in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
FERG Ferguson Enterprises	FY2025	$30.8B	+3.8%	30.7%	8.5%	6.0%	5.2%	31.8%	0.72
ETN Eaton Corporation	FY2025	$27.4B	+10.3%	-	-	14.9%	12.9%	21.0%	0.51
LUV Southwest Airlines	FY2025	$28.1B	+2.1%	-	1.5%	1.6%	−3.0%	5.5%	0.62
PCAR Paccar	FY2025	$28.4B	−15.5%	-	-	8.4%	12.9%	12.3%	-
CMI Cummins	FY2025	$33.7B	−1.3%	25.3%	12.0%	8.4%	7.1%	23.0%	0.59
PWR Quanta Services	FY2025	$28.5B	+20.3%	15.0%	5.7%	3.6%	5.7%	11.5%	0.67
HON Honeywell Technologies	FY2025	$37.4B	+7.8%	-	21.7%	12.6%	14.5%	34.0%	2.49
UNP Union Pacific Corporation	FY2025	$24.5B	+1.1%	-	40.2%	29.1%	22.4%	38.7%	1.72
WM Waste Management	FY2025	$25.2B	+14.2%	-	17.1%	10.7%	11.2%	27.1%	2.29
MMM 3M	FY2025	$24.9B	+1.5%	-	18.6%	13.0%	5.6%	69.1%	2.68

Revenuepeer median $28.1B

Sales growthpeer median +2.1%

Gross margin

FERG 30.7%
CMI 25.3%
PWR 15.0%
ETN -
LUV -
PCAR -
HON -
UNP -
WM -
MMM -

Operating marginpeer median 17.1%

UNP 40.2%
HON 21.7%
MMM 18.6%
WM 17.1%
CMI 12.0%
FERG 8.5%
PWR 5.7%
LUV 1.5%
ETN -
PCAR -

Net marginpeer median 10.7%

FCF marginpeer median 11.2%

Return on equitypeer median 23.0%

Debt / equitypeer median 1.20

MMM 2.68
HON 2.49
WM 2.29
UNP 1.72
FERG 0.72
PWR 0.67
LUV 0.62
CMI 0.59
ETN 0.51
PCAR -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2022 to FY2025

Revenue as reported in the 10-K.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	$28.6B	$29.7B	$29.6B	$30.8B
ETN Dec	$20.8B	$23.2B	$24.9B	$27.4B
LUV Dec	$23.8B	$26.1B	$27.5B	$28.1B
PCAR Dec	$28.8B	$35.1B	$33.7B	$28.4B
CMI Dec	$28.1B	$34.1B	$34.1B	$33.7B
PWR Dec	$17.1B	$20.9B	$23.7B	$28.5B
HON Dec	$35.5B	$33.0B	$34.7B	$37.4B
UNP Dec	$24.9B	$24.1B	$24.2B	$24.5B
WM Dec	$19.7B	$20.4B	$22.1B	$25.2B
MMM Dec	$26.2B	$24.6B	$24.6B	$24.9B
Peer median	$24.9B	$24.6B	$24.9B	$28.1B

Sales growth, FY2022 to FY2025

Revenue against the fiscal year before.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	-	+4.1%	−0.3%	+3.8%
ETN Dec	+5.7%	+11.8%	+7.3%	+10.3%
LUV Dec	+50.8%	+9.6%	+5.3%	+2.1%
PCAR Dec	+22.5%	+21.9%	−4.2%	−15.5%
CMI Dec	+16.9%	+21.3%	+0.1%	−1.3%
PWR Dec	+31.5%	+22.3%	+13.4%	+20.3%
HON Dec	+3.1%	+3.4%	+5.2%	+7.8%
UNP Dec	+14.1%	−3.0%	+0.5%	+1.1%
WM Dec	+9.9%	+3.7%	+8.0%	+14.2%
MMM Dec	−3.2%	−5.9%	−0.1%	+1.5%
Peer median	+14.1%	+9.6%	+5.2%	+2.1%

Gross margin, FY2022 to FY2025

Gross profit / revenue.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	30.7%	30.4%	30.5%	30.7%
ETN Dec	-	-	-	-
LUV Dec	-	-	-	-
PCAR Dec	-	-	-	-
CMI Dec	23.9%	24.2%	24.7%	25.3%
PWR Dec	14.8%	14.1%	14.8%	15.0%
HON Dec	-	-	-	-
UNP Dec	-	-	-	-
WM Dec	-	-	-	-
MMM Dec	-	-	-	-
Peer median	-	-	-	-

Operating margin, FY2022 to FY2025

Operating income / revenue.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	9.9%	8.9%	8.9%	8.5%
ETN Dec	-	-	-	-
LUV Dec	4.3%	0.9%	1.2%	1.5%
PCAR Dec	-	-	-	-
CMI Dec	10.4%	5.2%	11.0%	12.0%
PWR Dec	5.1%	5.4%	5.7%	5.7%
HON Dec	22.6%	22.9%	22.1%	21.7%
UNP Dec	39.9%	37.7%	40.1%	40.2%
WM Dec	17.1%	17.5%	18.4%	17.1%
MMM Dec	16.7%	−43.4%	19.6%	18.6%
Peer median	16.7%	5.4%	18.4%	17.1%

Net margin, FY2022 to FY2025

Net income / revenue.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	7.4%	6.4%	5.9%	6.0%
ETN Dec	11.9%	13.9%	15.3%	14.9%
LUV Dec	2.3%	1.8%	1.7%	1.6%
PCAR Dec	10.4%	13.1%	12.4%	8.4%
CMI Dec	7.7%	2.2%	11.6%	8.4%
PWR Dec	2.9%	3.6%	3.8%	3.6%
HON Dec	14.0%	17.1%	16.4%	12.6%
UNP Dec	28.1%	26.4%	27.8%	29.1%
WM Dec	11.4%	11.3%	12.4%	10.7%
MMM Dec	22.1%	−28.4%	17.0%	13.0%
Peer median	11.4%	11.3%	12.4%	10.7%

Free cash flow, FY2022 to FY2025

Cash from operations minus capital spending.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	$859.0M	$2.3B	$1.5B	$1.6B
ETN Dec	$1.9B	$2.9B	$3.5B	$3.6B
LUV Dec	−$134.0M	−$356.0M	−$1.6B	−$831.0M
PCAR Dec	$2.5B	$3.5B	$3.8B	$3.7B
CMI Dec	$1.0B	$2.8B	$279.0M	$2.4B
PWR Dec	$702.7M	$1.1B	$1.5B	$1.6B
HON Dec	$4.5B	$4.6B	$5.2B	$5.4B
UNP Dec	$5.7B	$4.8B	$5.9B	$5.5B
WM Dec	$1.7B	$1.8B	$2.2B	$2.8B
MMM Dec	$3.8B	$5.1B	$638.0M	$1.4B
Peer median	$1.9B	$2.9B	$2.2B	$2.8B

FCF margin, FY2022 to FY2025

Free cash flow / revenue.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	3.0%	7.7%	5.1%	5.2%
ETN Dec	9.3%	12.4%	14.1%	12.9%
LUV Dec	−0.6%	−1.4%	−5.8%	−3.0%
PCAR Dec	8.7%	9.9%	11.3%	12.9%
CMI Dec	3.7%	8.1%	0.8%	7.1%
PWR Dec	4.1%	5.5%	6.2%	5.7%
HON Dec	12.7%	13.9%	15.1%	14.5%
UNP Dec	23.1%	19.8%	24.3%	22.4%
WM Dec	8.8%	8.9%	9.8%	11.2%
MMM Dec	14.7%	20.6%	2.6%	5.6%
Peer median	8.8%	9.9%	9.8%	11.2%

Return on equity, FY2022 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	45.5%	37.5%	30.9%	31.8%
ETN Dec	14.5%	16.9%	20.5%	21.0%
LUV Dec	5.0%	4.4%	4.5%	5.5%
PCAR Dec	22.9%	29.0%	23.8%	12.3%
CMI Dec	24.0%	8.3%	38.4%	23.0%
PWR Dec	9.1%	11.9%	12.4%	11.5%
HON Dec	29.7%	35.7%	30.6%	34.0%
UNP Dec	57.5%	43.1%	39.9%	38.7%
WM Dec	32.7%	33.4%	33.3%	27.1%
MMM Dec	39.2%	−145.5%	108.6%	69.1%
Peer median	24.0%	16.9%	30.6%	23.0%

Debt / equity, FY2022 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	-	0.75	0.70	0.72
ETN Dec	0.51	0.49	0.50	0.51
LUV Dec	0.76	0.76	0.65	0.62
PCAR Dec	-	-	-	-
CMI Dec	0.85	0.72	0.65	0.59
PWR Dec	0.69	0.67	0.57	0.67
HON Dec	1.17	1.29	1.67	2.49
UNP Dec	2.76	2.20	1.85	1.72
WM Dec	2.19	2.35	2.90	2.29
MMM Dec	1.08	3.34	3.40	2.68
Peer median	0.97	1.03	1.16	1.20

EPS (diluted), FY2022 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2022	FY2023	FY2024	FY2025
FERG Jul	$9.69	$9.12	$8.53	$9.32
ETN Dec	$6.14	$8.02	$9.50	$10.45
LUV Dec	$0.87	$0.76	$0.76	$0.79
PCAR Dec	$5.75	$8.76	$7.90	$4.51
CMI Dec	$15.12	$5.15	$28.37	$20.50
PWR Dec	$3.32	$5.00	$6.03	$6.80
HON Dec	$14.54	$16.94	$17.42	$14.72
UNP Dec	$11.21	$10.45	$11.09	$11.98
WM Dec	$5.39	$5.66	$6.81	$6.70
MMM Dec	$10.18	−$12.63	$7.55	$6.00
Peer median	$6.14	$5.66	$7.90	$6.80

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out FERG and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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Work on FERG in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/FERG/export.csv") into a cell.