---
title: "Ferguson Misses Mark In Q4 On Weak Residential End Markets"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/276778827.md"
description: "Ferguson Enterprises Inc. (NYSE:FERG) reported Q4 FY25 results, with sales of $7.5 billion, missing estimates of $8.412 billion. Despite a 3.6% year-over-year increase, residential revenue fell 2% due to weak U.S. markets. Adjusted EPS rose 11.7% to $2.10 but missed the $2.88 estimate. Non-residential markets saw a 10% revenue increase. CEO Kevin Murphy is optimistic about FY26, expecting low to mid-single-digit sales growth and an adjusted operating margin of 9.4% – 9.8%. FERG shares rose 3.25% to $259.47 following the report."
datetime: "2026-02-24T19:09:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276778827.md)
  - [en](https://longbridge.com/en/news/276778827.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276778827.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/276778827.md) | [English](https://longbridge.com/en/news/276778827.md)


# Ferguson Misses Mark In Q4 On Weak Residential End Markets

**Ferguson Enterprises Inc.** (NYSE:FERG) shares are trading higher on Tuesday after the company reported fourth-quarter FY25 results.

## Earnings Snapshot

-   Sales rose 3.6% year over year (Y/Y) to $7.5 billion, missing the $8.412 billion estimate.
-   The company stated that the increase reflected 3.0% organic growth and 0.9% acquisition growth, partially offset by 0.3% due to foreign exchange and a divestment in Canada.
-   Gross margin expanded 90 basis points to 30.6% in the quarter.
-   Adjusted operating profit increased 13.8% Y/Y to $625 million, with the margin expanded 70 bps Y/Y to 8.3% in the quarter.
-   Adjusted EPS rose 11.7% Y/Y to $2.10, but missed the $2.88 estimate.

## Segment Performance

The company disclosed that residential revenue declined 2% Y/Y as the U.S. residential end markets (which account for roughly half of revenue) remained weak in the quarter amid lower housing starts, permit activity, and subdued RMI demand.

Meanwhile, non-residential markets outperformed, with revenue rising 10% driven by share gains, strong execution, and value-added solutions. The business benefited from waterworks and commercial/mechanical demand, including solid bidding and shipments tied to large capital projects.

## Management Commentary

Ferguson CEO **Kevin Murphy** expects “another year of outperformance, strong operational execution and continued investment.”

” We are confident in our ability to capitalize on long-term growth drivers across both residential and non-residential markets as we provide essential water and air solutions for the complex project needs of the specialized professional,” he added.

## Outlook

For 2026, the company expects net sales to grow in low to mid-single digits and an adjusted operating margin of 9.4% – 9.8%.

**Price Action:** FERG shares are up 3.25% at $259.47 at the last check on Tuesday.

_Image: Shutterstock_

### 相關股票

- [Ferguson Enterprises (FERG.US)](https://longbridge.com/zh-HK/quote/FERG.US.md)

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