Filing Flows › Ferguson Enterprises (FERG) › Q3 2026 › vs Q3 2025
Ferguson Enterprises (FERG) Q3 2026 vs Q3 2025 (year over year)
Ferguson Enterprises's revenue rose $781M (+9%) from $8.2B in Q3 2025 to $9.0B in Q3 2026. The biggest changes: United States Segment +$800M (+10%); Canada Segment −$19.0M (-4%). Gross margin 30.9% against 31.3% (-0.5 pts).
Ferguson Enterprises, Q3 2026: revenue $9.0B (+10% year over year), operating margin 9.8%, net earnings $598M, operating cash flow $756M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 30.9% | 31.3% | -0.5 pts |
| Operating margin | 9.8% | 10.2% | -0.4 pts |
| Net margin | 6.6% | 7.7% | -1.1 pts |
| Free cash flow margin | 7.2% | 7.9% | -0.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| United States Segment | $8.6B | $7.8B | $800M | +10% |
| Canada Segment | $405M | $424M | −$19.0M | -4% |
| Revenue | $9.0B | $8.2B | $781M | +9% |
| Gross profit | $2.8B | $2.6B | $203M | +8% |
| Cost of revenue | $6.2B | $5.7B | $578M | +10% |
| Operating profit | $885M | $844M | $41.0M | +5% |
| Operating expenses | $1.9B | $1.7B | $162M | +9% |
| Pre-tax earnings | $805M | $791M | $14.0M | +2% |
| Other expense, net | $80.0M | $53.0M | $27.0M | +51% |
| SG&A | $1.8B | $1.6B | $143M | +9% |
| Other operating costs | $118M | $99.0M | $19.0M | +19% |
| Net earnings | $598M | $638M | −$40.0M | -6% |
| Income tax | $207M | $153M | $54.0M | +35% |
| Depreciation & amortization | $116M | $96.0M | $20.0M | +21% |
| Share-based compensation | $30.0M | $53.0M | −$23.0M | -43% |
| Working capital & other | $12.0M | −$26.0M | $38.0M | — |
| Operating cash flow | $756M | $761M | −$5.0M | -0.7% |
| Free cash flow (OCF − capex) | $648M | $655M | −$7.0M | -1% |
| Capital expenditures | $108M | $106M | $2.0M | +2% |
Questions
How much did Ferguson Enterprises's revenue grow year over year in Q3 2026?
Ferguson Enterprises's revenue rose $781M (+9%) from $8.2B in Q3 2025 to $9.0B in Q3 2026.
What drove Ferguson Enterprises's revenue change in Q3 2026?
United States Segment +$800M (+10%); Canada Segment −$19.0M (-4%).