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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dave Manthey | Robert W. Baird | 9 questions · 0% challenging |
| Matthew Bouley | Barclays | 9 questions · 0% challenging |
| John Lovallo | UBS | 8 questions · 0% challenging |
| Philip Ng | Jefferies | 8 questions · 0% challenging |
| Sam Reid | Wells Fargo | 6 questions · 0% challenging |
| Keith Hughes | Truist Securities | 5 questions · 20% challenging |
| Ryan Merkel | William Blair | 5 questions · 20% challenging |
| Mike Dahl | RBC Capital Markets | 4 questions · 25% challenging |
| Anthony Pettinari | Citigroup | 4 questions · 0% challenging |
| Anika Dholakia | Barclays | 2 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 2 analysts | 11 questions · 0% challenging |
| Robert W. Baird | 2 analysts | 10 questions · 0% challenging |
| UBS | 1 analyst | 8 questions · 0% challenging |
| Jefferies | 1 analyst | 8 questions · 0% challenging |
| Wells Fargo | 1 analyst | 6 questions · 0% challenging |
| Truist Securities | 1 analyst | 5 questions · 20% challenging |
| William Blair | 1 analyst | 5 questions · 20% challenging |
| Wolfe Research | 2 analysts | 4 questions · 0% challenging |
Ferguson delivered net sales of $8.2 billion, up 5.1% (organic 4.2%, acquisitions 1%), as continued nonresidential strength, commercial mechanical up 21% and Waterworks up 14% on large capital projects such as data centers, offset a residential market that stayed soft and a 6% HVAC decline. Profitability outpaced the top line: gross margin rose 60 basis points to 30.7% and operating profit grew 14.4% to $808 million, a 9.9% operating margin, lifting adjusted diluted EPS 15.9% to $2.84. Management raised its calendar 2025 operating margin guidance to a range of 9.4% to 9.6%, up from a prior 9.2% to 9.6%, and declared a 7% dividend increase to 89¢ per share. With residential housing starts and HVAC still under pressure, management guided calendar Q4 total growth to about 3%, but reiterated confidence in medium-term residential and nonresidential tailwinds.
Demand | Pricing | Margin | Cost Pressure | Revenue Growth | Guidance Reliability | Competitive Dynamics | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 2 | 4 | 4 | 4 | 3 | 3 | 1 | |
| 2025Q2 | 2 | 4 | 5 | 4 | 2 | 1 | ||
| 2025Q3 | 6 | 4 | 2 | 2 | 6 | 2 | 1 | 1 |
| 2025Q4 | 9 | 4 | 4 | 1 | 1 | 3 | 3 | 1 |
| 2026Q1 | 6 | 2 | 2 | 2 | 1 | 1 | 2 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|
| Demand | 2 | 2 | 6 | 9 | 6 |
| Pricing | 4 | 4 | 4 | 4 | 2 |
| Margin | 4 | 5 | 2 | 4 | 2 |
| Cost Pressure | 4 | 4 | 2 | 1 | 2 |
| Revenue Growth | 3 | 6 | 1 | ||
| Guidance Reliability | 3 | 2 | 3 | 1 | |
| Competitive Dynamics | 2 | 1 | 3 | 1 | |
| Capex Investment | 1 | 1 | 1 | 1 | 2 |
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Calendar quarter Q4 2025Earnings call May 5, 2026
FY2026 Q1 in brief
Ferguson delivered net sales of $8.2 billion, up 5.1% (organic 4.2%, acquisitions 1%), as continued nonresidential strength, commercial mechanical up 21% and Waterworks up 14% on large capital projects such as data centers, offset a residential market that…
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Ferguson plc (FERG), FY2026 Q1: 8/10. Scores: Ferguson plc’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: FERG daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
GAAP revenue YoY +5.11% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $7.95B | — | $2.23 | — | 31.0% | 10.2% | 5.7% | $257M |
| FY2025 Q1 | $7.77B | +0.8% | $2.33 | -8.3% | 30.1% | 8.6% | 6.0% | $268M |
| FY2025 Q2 | $6.87B | +3.0% | $1.38 | -12.7% | 29.7% | 6.0% | 4.0% | $259M |
| FY2025 Q3 | $7.62B | +4.3% | $2.07 | -5.0% | 31.0% | 8.0% | 5.4% | $605M |
| FY2025 Q4 | $8.50B | +6.9% | $3.54 | +58.7% | 31.7% | 10.9% | 8.2% | $471M |
| FY2026 Q1Selected | $8.17B | +5.1% | $2.90 | +24.5% | 30.7% | 9.4% | 7.0% | $312M |
| FY2026 Q2 | $8.75B | +4.6% | $3.43 | +5.3% | 31.0% | 10.2% | 7.6% | $-199M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What FERG and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we completed the acquisition of Moore Supply Company during the quarter. A great addition to our HVAC presence in the Chicago area.”
Ferguson completed the bolt-on acquisition of Moore Supply Company, an HVAC equipment and supplies distributor in the Chicago metro area, extending its HVAC presence as part of its fragmented-market consolidation strategy. Private; not Tellvest-tracked.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FERG Ferguson plc | 8 | +5.1% | |
| FAST Fastenal | 7 | +11.1% | |
| GWW W. W. Grainger | 7 | +4.5% | |
| POOL Pool Corporation | 4 | -0.5% |