Ferguson 2025 sales rise 5.0% to $31.3 billion; diluted EPS up 24.2% to $10.16
Ferguson reported unaudited results for the calendar year ended December 31, 2025, with net sales up 5.0% to $31.3 billion and reported diluted earnings per share up 24.2% to $10.16. It also issued 2026 guidance calling for low to mid-single digit sales growth and a 9.4% to 9.8% adjusted operating margin, and it repurchased $0.9 billion of shares during 2025 while keeping its quarterly dividend at $0.89.
Key points
- Calendar 2025 net sales $31.3 billion, up 5.0%; reported diluted EPS $10.16 vs. $8.18, up 24.2%; adjusted diluted EPS $10.58, up 13.4%
- Calendar 2026 guidance: net sales low to mid-single digit growth, adjusted operating margin 9.4% to 9.8%, capital expenditures $350 million to $400 million
- Fourth quarter net sales $7.5 billion, up 3.6%; diluted EPS $1.99 vs. $1.78; non-residential revenue up 10% while residential revenue fell 2%
- Results are unaudited; audited figures are expected in a Transition Report on Form 10-KT on February 27, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.