Ferguson Enterprises Inc. vs TD SYNNEX CORPORATION, two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Ferguson earns a 37.78% return on equity distributing building supply; TD Synnex earns 11.24% distributing IT hardware and software at a razor 1.52% net margin, the thinnest economics in the group. Ferguson trades at 21 times earnings against Synnex's 22.1, similar multiples for very different quality, though Synnex converts more free cash, 5.86% against 4.45%, on its high-volume model. Both carry light debt. The pair contrasts a high-return specialty distributor with a thin-margin technology one: Ferguson earns three times Synnex's margin and return through pricing power in building supply, Synnex runs on volume and working-capital efficiency in commodity IT products, and Ferguson's economics are far stronger for a similar price.
Comparison updated 2026-07-11.
| Metric | FERG | SNX |
|---|---|---|
| Price | $238.57 | $265.84 |
| Market cap | $46.5B | $21.3B |
| Sector | Distribution | Distribution |
| Stage | Mature | Mature |
| Implied growth (priced in) | +17.6% | +3.9% |
| P/E | 21.2 | 22.1 |
| P/B | 7.91 | 2.43 |
| P/S | 1.44 | 0.33 |
| EV/EBITDA | 14.4 | 12.3 |
| Revenue growth | +6.7% | +10.4% |
| Gross margin | 31.0% | 7.3% |
| Operating margin | 8.2% | 2.9% |
| Net margin | 6.9% | 1.5% |
| Return on equity | 37.8% | 11.2% |
| Return on assets | 12.5% | 2.8% |
| Return on invested capital | 22.7% | 12.5% |
| FCF yield | 4.5% | 5.9% |
| Dividend yield | 1.4% | 0.7% |
| Debt / equity | 0.70 | 0.13 |
| Current ratio | 1.78 | 1.22 |
| Altman Z (solvency) | 5.15 | 2.70 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.