---
title: "Ferguson Enterprises: Business Model"
description: "Ferguson Enterprises revenue by business segment from its fiscal 2025 Form 10-KT, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/ferguson-enterprises/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Ferguson Enterprises: Business Model & Revenue Engine

## Direct Answer

Ferguson Enterprises reports revenue across 2 business segments in its fiscal 2025 Form 10-KT. United States is the largest, with $29.3 billion of revenue (95% of the total), followed by Canada at $1.5 billion (5%).

## How Does Ferguson Enterprises Make Money?

United States supplies 95% of revenue, so Ferguson Enterprises's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, United States grew fastest (+3.8%) and Canada slowest (+3.7%), so the revenue mix tilts toward United States while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $29.3 billion | $28.2 billion | 95.1% | 3.8% |
| Canada | $1.5 billion | $1.4 billion | 4.9% | 3.7% |

![Bar chart of Ferguson Enterprises revenue by segment for fiscal 2025: United States 95.1%, Canada 4.9%.](https://www.getswoopr.com/images/charts/ferguson-enterprises-business-model-segment-mix.webp)
*Ferguson Enterprises revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Ferguson Enterprises's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Ferguson Enterprises reported in the segment note and revenue disclosures of its Form 10-KT filed February 27, 2026 (accession 0002011641-26-000006), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Ferguson Enterprises's business segments?

In its fiscal 2025 Form 10-KT, Ferguson Enterprises reports revenue for United States and Canada.

### Which part of Ferguson Enterprises brings in the most revenue?

United States, with $29.3 billion of revenue in fiscal 2025, or 95% of the total.

### Where does Ferguson Enterprises report its segment results?

In the segment note to the financial statements in its Form 10-KT, most recently filed September 26, 2025, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: Ferguson Enterprises Inc. /DE/ Form 10-K filed September 26, 2025](https://www.sec.gov/Archives/edgar/data/2011641/000201164125000027/ferg-20250731.htm)
- [SEC EDGAR: Ferguson Enterprises Inc. /DE/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2011641&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Ferguson Enterprises company dossier](https://www.getswoopr.com/stocks/companies/ferguson-enterprises/)
- [Ferguson Enterprises financial metrics](https://www.getswoopr.com/stocks/companies/ferguson-enterprises/metrics/)
- [Ferguson Enterprises financial risk indicators](https://www.getswoopr.com/stocks/companies/ferguson-enterprises/risks/)
- [Ferguson Enterprises peer comparison](https://www.getswoopr.com/stocks/companies/ferguson-enterprises/competitors/)
- [Ferguson Enterprises business model and revenue mix](https://www.getswoopr.com/stocks/companies/ferguson-enterprises/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

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