Ferguson Enterprises (FERG) FY2024 results: revenue $29.6 billion, down 0.3% on the year
Ferguson Enterprises Inc. (FERG) reported revenue of $29.6 billion for fiscal 2024, the year ended 31 July 2024, down 0.3% on the year before. Net income was $1.7 billion, down 8.2%, and diluted earnings per share $8.53. The figures are the company's own, from the 10-K it filed with the SEC on 25 September 2024.
Revenue
$29.6 billion
-0.3% on the year
FY2020FY2024
Operating margin
8.9%
8.9% a year earlier
FY2020FY2024
Net income
$1.7 billion
-8.2% on the year
FY2020FY2024
Diluted EPS
$8.53
-6.5% on the year
FY2020FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,873
2,723
1,149
-31.2%
Capital expenditure
372
441
290
-15.6%
Free cash flow
1,501
2,282
859
-34.2%
Free cash flow margin
5.1%
7.7%
3.0%
Cash from investing
-601
-1,054
-922
Cash from financing
-1,313
-1,807
-744
Depreciation and amortisation
335
321
301
+4.4%
Share-based compensation
49.0
51.0
57.0
-3.9%
Buybacks
634
908
1,545
-30.2%
Dividends paid
784
711
538
+10.3%
Dividend per share
$3.12
$4.16
$2.50
-25.0%
Diluted shares, weighted
204m
207m
219m
-1.8%
Shares outstanding at period end
n/a
232m
232m
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,616
5,037
4,665
+11.5%
Debt
3,950
3,805
3,960
+3.8%
Operating lease liabilities
1,198
1,126
878
+6.4%
Other liabilities
5,808
6,026
6,158
-3.6%
Total liabilities and equity
16,572
15,994
15,661
+3.6%
Fixed assets
1,752
1,595
1,376
+9.8%
Goodwill
2,357
2,241
2,048
+5.2%
Intangible assets
753
783
782
-3.8%
Cash and equivalents
571
601
771
-5.0%
Receivables
3,602
3,597
3,610
+0.1%
Inventory
4,188
3,898
4,333
+7.4%
Other assets
3,349
3,279
2,741
+2.1%
Total assets
16,572
15,994
15,661
+3.6%
10-K for the year ended 31 July 2024, filed 25 September 2024: the filing.