Ferguson Posts 2025 Revenue Up 12% to £22.4bn, Forecasts 5-7% Growth
Ferguson’s calendar 2025 revenue rose 12% to £22.4bn and operating profit increased 15% to £2.0bn, with net income up 17% to £1.5bn. Management projects 2026 revenue growth of 5-7% and adjusted EPS expansion of 8-10% on sustained margin improvements.
1. Calendar 2025 Results
Ferguson reported calendar 2025 revenue of £22.4 billion, a 12% increase versus the prior year. Operating profit climbed 15% to £2.0 billion and net income rose 17% to £1.5 billion, reflecting strong end-market demand and pricing execution.
2. Earnings Per Share and Margins
Diluted EPS improved by 18% to 274 pence, driven by higher volumes and cost control initiatives. Operating margin expanded by 30 basis points to 8.9%, supported by mix shift toward higher-value products.
3. Guidance for Calendar 2026
Ferguson issued guidance for 2026 revenue growth of 5-7% and adjusted EPS expansion of 8-10%, anticipating continued market share gains. Capital expenditures are expected around £600 million, focused on infrastructure and digital transformation to support future growth.