Ferguson is the plumbing and heating supply giant for North America, like the Amazon of pipes and HVAC parts, with 1,679 branches serving contractors and builders.
Money comes from selling essential plumbing, heating, and industrial products, with a gross margin around 30.55% and net margin of 6.39%, driven by recurring demand from construction and maintenance.
Its vast branch network and distribution scale create high switching costs for contractors, but online competitors like Grainger and Amazon Business are eroding its local convenience advantage.
Hold (sector percentile 34) — value B, growth D, profitability B, momentum C+, revisions C. Updated daily, sector-relative, identical for every user.
