What does Ferguson Enterprises do?

Ferguson sells the pipes, fixtures, valves, heating and cooling equipment, and water system products that contractors and builders need, mainly in the United States and Canada. It serves homebuilders, commercial contractors, infrastructure projects, and industrial customers. It also offers services such as design, pre-assembly, kitting, and project management.

Industrials · Industrial Distribution · FERG

What Ferguson Enterprises Does & How It Makes Money (FERG)

Updated October 2026 · reflects Ferguson Enterprises's latest reported financials

North American distributor of plumbing, HVAC, and water infrastructure products. Ferguson buys products from manufacturers and resells them to professional contractors and industrial customers through branches, distribution centers, showrooms, and online channels, earning a margin on each sale.

Ferguson Enterprises's story, moat and numbers — in a 3-minute visual book.

Explore Ferguson Enterprises on TacticScale →

How Ferguson Enterprises makes money

Ferguson buys products from manufacturers and resells them to professional contractors and industrial customers through branches, distribution centers, showrooms, and online channels, earning a margin on each sale. It also earns money from value-added services such as fabrication, valve actuation, installation, and project management.

What Ferguson Enterprises does

Ferguson Enterprises is a specialist distributor of water and air solutions for professional customers in the United States and Canada. Its products span plumbing, pipe, valves and fittings, HVAC, appliances, lighting, and water and wastewater treatment. Customers range from residential and commercial contractors to infrastructure builders and industrial operators. Beyond product sales, Ferguson adds value through virtual design, fabrication, valve actuation, pre-assembly, kitting, installation, and project management, plus after-sales support such as warranty, credit, and project-based billing. It reaches customers through distribution centers, branches, counter service, sales associates, showrooms, and e-commerce. Founded in 1953, the company is headquartered in Newport News, Virginia.

Products & services

Plumbing supplies and fixtures
Pipe, valves, and fittings (PVF)
HVAC equipment
Water and wastewater treatment solutions
Appliances and lighting
Fabrication, kitting, and project management services

What is Ferguson Enterprises worth?

On an owner-earnings DCF, Ferguson Enterprises's most-likely value is about $202 versus a recent price near $220 (8% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$101) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $220

Fair value (most likely)

$202

Range

$153–$292

No-growth floor

$101

Price

~$220

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

Sector Industrials Industry Industrial Distribution HQ United States Ticker FERG Official site

Related companies

Mueller Water Products (MWA) · Mueller Industries (MLI) · Fluor (FLR) · W.W. Grainger (GWW) · Fortune Brands Innovations (FBIN)

Understand Ferguson Enterprises in 3 minutes →