Jun 2026 (Q2 FY26) — Aug 10, 2026
Ferguson Q2 FY26 — Strong Performance Drives Upward Guidance Revision
Read the full callFerguson (FERG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Jul 2025
Ferguson earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,751 | +3.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.2 | −0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 666 | −4.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
16 of 16 judged targets kept · 15 open · verdicts reflect calls analysed to Apr 2025.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | 30% to 31% | Oct-2025 Q | Achieved | |
| Completion of three signed acquisitions | close Dealer Supply Company, New England Applied Products and PRD Technologies Group during the second quarter | Q1 CY2026 | New | |
| SG&A operating leverage | return to generating some SG&A leverage as the fiscal year finishes and the next one begins | Jan 2025 | our cost as a percentage of sales were roughly 20.3%, which is roughly flat to last year | Achieved* |
15 of Ferguson Enterprises Inc. /DE/'s 31 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 28 more targets are in the full ledger.
Claimed
- Sales increased 4.6% to $8.8 billion, driven by 3.8% organic growth and 1% acquisition growth.
- Operating profit grew 2.9% to $932 million, resulting in a 10.7% operating margin.
- Diluted EPS increased 5.3% to $3.39.
- Announced 8 acquisitions year-to-date, investing nearly $600 million, including the $1.6 billion FloWorks acquisition.
- Raised full-year net sales guidance to mid-single digits and operating margin guidance to 9.5%-9.8%.
Qualified
- Gross margin was down 20 basis points year-over-year to 31% due to tough comparisons.
- Operating cash flow was down approximately $400 million to $716 million year-to-date due to working capital investment and tax timing.
- Markets in Canada remained challenging, particularly in residential, with net sales decreasing 1.9%.
Price
$226.36 −2.27% · −$5.25
Performance −4.5% 1Y
1Y: $236.94 on 17 Oct 2025 → $226.36. High $267.71 (30 Apr 2026), low $214.26 (17 Sept 2026).
- Previous close
- $231.61
- 52-week range
- $214.26 – $267.71
- One year
- −6.47%
Overview
- Symbol
- FERG
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 16 judged targets kept · 15 open · verdicts reflect calls analysed to Apr 2025.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross margin | 30% to 31% | Oct-2025 Q | Achieved | |
| Completion of three signed acquisitions | close Dealer Supply Company, New England Applied Products and PRD Technologies Group during the second quarter | Q1 CY2026 | New | |
| SG&A operating leverage | return to generating some SG&A leverage as the fiscal year finishes and the next one begins | Jan 2025 | our cost as a percentage of sales were roughly 20.3%, which is roughly flat to last year | Achieved* |
Claimed
- Sales increased 4.6% to $8.8 billion, driven by 3.8% organic growth and 1% acquisition growth.
- Operating profit grew 2.9% to $932 million, resulting in a 10.7% operating margin.
- Diluted EPS increased 5.3% to $3.39.
- Announced 8 acquisitions year-to-date, investing nearly $600 million, including the $1.6 billion FloWorks acquisition.
- Raised full-year net sales guidance to mid-single digits and operating margin guidance to 9.5%-9.8%.
Qualified
- Gross margin was down 20 basis points year-over-year to 31% due to tough comparisons.
- Operating cash flow was down approximately $400 million to $716 million year-to-date due to working capital investment and tax timing.
- Markets in Canada remained challenging, particularly in residential, with net sales decreasing 1.9%.
The full ledger
Open Ferguson Enterprises Inc. /DE/’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Ferguson Enterprises Q1 FY26 — Nonresidential strength and margin expansion offset persistent residential weakness
Read the full callDec 2025 (FY25) — Feb 24, 2026
Ferguson FY25 — Strong Profit Expansion Amidst Mixed Markets
Read the full callEvery analysed call
Ferguson earnings calls (FERG)
Financials
What the filings say
Net profit, year on year: −5% (quarter to jun 2026 against jul 2025).
| Line item | Jan 2025 | Mar 2025 | Apr 2025 | Jun 2025 | Jul 2025 | Oct 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 6,872 | 7,213 | 7,621 | 8,363 | 8,497 | 8,169 | 7,472 | 8,751 |
| Operating profit | 410 | 507 | 606 | 842 | 925 | 771 | 612 | 893 |
| Operating margin | 6.0% | 7.0% | 8.0% | 10.1% | 10.9% | 9.4% | 8.2% | 10.2% |
| Other income | 8 | 8 | -3 | -3 | -3 | -13 | -7 | 5 |
| Profit before tax | 370 | 469 | 557 | 790 | 872 | 712 | 560 | 846 |
| Tax rate | 25.4% | 26.4% | 26.4% | 19.8% | 19.7% | 19.9% | 26.1% | 21.3% |
| Net profit | 276 | 345 | 410 | 634 | 700 | 570 | 414 | 666 |
| EPS ($ per share) | 1.38 | 1.74 | 2.07 | 3.21 | — | 2.91 | 2.13 | 3.44 |
| Line item | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 |
| Reserves | — | 8,557 | 9,589 | 6,776 |
| Total liabilities | — | 10,957 | 10,956 | 11,897 |
| Fixed assets | — | 1,595 | 1,752 | 1,846 |
| Total assets | — | 15,994 | 16,572 | 17,729 |
| Line item | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 |
|---|---|---|---|---|
| Cash from operations | 1,149 | 2,723 | 1,873 | 1,908 |
| Cash from investing | -922 | -1,054 | -601 | -543 |
| Cash from financing | -744 | -1,807 | -1,313 | -1,286 |
| Capital expenditure | -290 | -441 | -372 | -305 |
| Free cash flow | 859 | 2,282 | 1,501 | 1,603 |
FERG revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| United States | 95% | 95% | 96% | 95% | 95% | 96% | 95% | — |
| Canada | 5% | 5% | 4% | 5% | 5% | 4% | 5% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
182 filings between Nov 7, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$8.32M
18 sales by 7 insiders
94% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 119
- Award — granted as compensation
- 7
- Option exercise — converted options into shares
- 38
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Murphy Kevin Michael | — | $2.99M | Oct 15, 2026 |
| Schlicher Jake | — | $2.00M | Oct 15, 2026 |
| Brundage William | — | $1.31M | Oct 12, 2026 |
| Thees William T. Jr | — | $899.3K | Oct 15, 2026 |
| Graham Ian T. | — | $480.8K | Oct 15, 2026 |
| Camposano Robert Anthony Jr. | — | $431.5K | Oct 15, 2026 |
| Stirrup Allison | — | $207.4K | Oct 15, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Thees William T. Jr Chief Operating Officer | Award 10b5-1 plan | 18 | $0 |
| Oct 15, 2026 | Graham Ian T. See Remarks | Tax withheld 10b5-1 plan | 153 | $34.1K |
| Oct 15, 2026 | Brundage William Chief Financial Officer | Tax withheld | 450 | $100.3K |
| Oct 15, 2026 | Schlicher Jake Chief Strategy Officer | Award 10b5-1 plan | 13 | $0 |
| Oct 15, 2026 | Camposano Robert Anthony Jr. Senior VP - Waterworks | Sale 10b5-1 plan | 185 | $41.5K |
| Oct 15, 2026 | Thees William T. Jr Chief Operating Officer | Tax withheld 10b5-1 plan | 290 | $64.7K |
| Oct 15, 2026 | Stirrup Allison Chief Human Resources Officer | Award 10b5-1 plan | 8 | $0 |
| Oct 15, 2026 | Schlicher Jake Chief Strategy Officer | Tax withheld 10b5-1 plan | 258 | $57.5K |
| Oct 15, 2026 | Murphy Kevin Michael See Remarks | Award 10b5-1 plan | 136 | $0 |
| Oct 15, 2026 | Paisley James A. See Remarks | Tax withheld | 281 | $62.6K |
| Oct 15, 2026 | Stirrup Allison Chief Human Resources Officer | Sale 10b5-1 plan | 922 | $207.4K |
| Oct 15, 2026 | Graham Ian T. See Remarks | Sale 10b5-1 plan | 238 | $53.4K |
| Oct 15, 2026 | Graham Ian T. See Remarks | Award 10b5-1 plan | 18 | $0 |
| Oct 15, 2026 | Paisley James A. See Remarks | Award | 18 | $0 |
| Oct 15, 2026 | Schlicher Jake Chief Strategy Officer | Sale 10b5-1 plan | 314 | $70.5K |
| Oct 15, 2026 | Stirrup Allison Chief Human Resources Officer | Tax withheld 10b5-1 plan | 146 | $32.5K |
| Oct 15, 2026 | Murphy Kevin Michael See Remarks | Tax withheld 10b5-1 plan | 2,245 | $500.5K |
| Oct 15, 2026 | Brundage William Chief Financial Officer | Award | 41 | $0 |
| Oct 15, 2026 | Thees William T. Jr Chief Operating Officer | Sale 10b5-1 plan | 353 | $79.2K |
| Oct 15, 2026 | Murphy Kevin Michael See Remarks | Sale 10b5-1 plan | 1,776 | $398.7K |
| Oct 15, 2026 | Camposano Robert Anthony Jr. Senior VP - Waterworks | Tax withheld 10b5-1 plan | 94 | $21.0K |
| Oct 15, 2026 | Winckler Richard Chief Accounting Officer | Tax withheld | 70 | $15.6K |
| Oct 14, 2026 | Thees William T. Jr Chief Operating Officer | Award 10b5-1 plan | 1 | $0 |
| Oct 14, 2026 | Schlicher Jake Chief Strategy Officer | Sale 10b5-1 plan | 217 | $47.9K |
| Oct 14, 2026 | Thees William T. Jr Chief Operating Officer | Sale 10b5-1 plan | 217 | $47.9K |
| Oct 14, 2026 | Graham Ian T. See Remarks | Sale 10b5-1 plan | 99 | $21.8K |
| Oct 14, 2026 | Paisley James A. See Remarks | Tax withheld | 74 | $16.5K |
| Oct 14, 2026 | Schlicher Jake Chief Strategy Officer | Award 10b5-1 plan | 1 | $0 |
| Oct 14, 2026 | Camposano Robert Anthony Jr. Senior VP - Waterworks | Tax withheld 10b5-1 plan | 66 | $14.7K |
| Oct 14, 2026 | Thees William T. Jr Chief Operating Officer | Tax withheld 10b5-1 plan | 94 | $20.9K |
| Oct 14, 2026 | Stirrup Allison Chief Human Resources Officer | Award 10b5-1 plan | 1 | $0 |
| Oct 14, 2026 | Camposano Robert Anthony Jr. Senior VP - Waterworks | Award 10b5-1 plan | 1 | $0 |
| Oct 14, 2026 | Schlicher Jake Chief Strategy Officer | Tax withheld 10b5-1 plan | 94 | $20.9K |
| Oct 14, 2026 | Murphy Kevin Michael See Remarks | Sale 10b5-1 plan | 685 | $151.1K |
| Oct 14, 2026 | Stirrup Allison Chief Human Resources Officer | Tax withheld 10b5-1 plan | 119 | $26.5K |
| Oct 14, 2026 | Camposano Robert Anthony Jr. Senior VP - Waterworks | Sale 10b5-1 plan | 201 | $44.3K |
| Oct 14, 2026 | Brundage William Chief Financial Officer | Tax withheld | 167 | $37.2K |
| Oct 14, 2026 | Winckler Richard Chief Accounting Officer | Tax withheld | 44 | $9.8K |
| Oct 14, 2026 | Brundage William Chief Financial Officer | Award | 4 | $0 |
| Oct 14, 2026 | Murphy Kevin Michael See Remarks | Tax withheld 10b5-1 plan | 866 | $193.0K |
| Oct 14, 2026 | Graham Ian T. See Remarks | Tax withheld 10b5-1 plan | 69 | $15.4K |
| Oct 14, 2026 | Graham Ian T. See Remarks | Award 10b5-1 plan | 1 | $0 |
| Oct 14, 2026 | Paisley James A. See Remarks | Award | 1 | $0 |
| Oct 14, 2026 | Murphy Kevin Michael See Remarks | Award 10b5-1 plan | 13 | $0 |
| Oct 12, 2026 | Stirrup Allison Chief Human Resources Officer | Option exercise | 425 | $0 |
| Oct 12, 2026 | Schlicher Jake Chief Strategy Officer | Tax withheld 10b5-1 plan | 2,499 | $549.9K |
| Oct 12, 2026 | Stirrup Allison Chief Human Resources Officer | Award | 853 | $0 |
| Oct 12, 2026 | Schlicher Jake Chief Strategy Officer | Sale 10b5-1 plan | 3,138 | $686.4K |
| Oct 12, 2026 | Paisley James A. See Remarks | Option exercise | 2,056 | $0 |
| Oct 12, 2026 | Winckler Richard Chief Accounting Officer | Option exercise | 476 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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