Ferguson Enterprises (NYSE:FERG), a leading distributor of plumbing and heating products, infrastructure and industrial supplies in North America, reported strong full-year 2025 financial results.
For the fiscal year ended December 31, 2025, total sales reached $31.3 billion, an increase of 5% from the prior year.
The growth was driven by ongoing market share expansion across residential, non-residential and infrastructure end markets, supported by the company's broad product assortment, national footprint and digital capabilities.
Gross margin improved to 31%, 70 basis points ahead of the prior year, reflecting favorable product and customer mix, pricing discipline and supply chain efficiencies.
Operating margin expanded to 8.9%, up 40 basis points year-over-year, while adjusted operating margin rose 50 basis points to 9.6%.
Diluted earnings per share increased 24.2% to $10.16, benefiting from higher profitability and a lower effective tax rate.
On an adjusted basis, EPS rose 13.4% to $10.58, reflecting solid underlying performance excluding certain one-time items.
Meanwhile, the company generated $2.2 billion in operating cash flow during the year, underscoring Ferguson's cash-generative business model.
Ferguson also declared dividends of $3.38 per share for fiscal 2025, maintaining its track record of consistent and growing shareholder returns.
In support of its growth strategy, Ferguson invested $276 million in eight acquisitions during 2025, adding annualized revenue in excess of $300 million and enhancing capabilities in key product categories and geographic markets.