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Ferrovial FER.MC · EUR

Industrials · Construction & Engineering · BME · 🇪🇸 Spain

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54.04

+2.39%

Close of 9 Nov 2026, in EUR

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At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€9.63bn

FY2016FY2025

Net income

€888.0m

FY2016FY2025

Free cash flow

€1.43bn

FY2016FY2025

Shareholders' equity

€5.91bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€9.63bn€9.15bn€8.51bn€7.55bn€6.91bn€6.53bn€6.05bn€5.74bn€5.15bn€10.76bn
Gross profit€2.39bn€2.28bn€2.13bn€1.63bn€1.44bn€1.18bn€1.27bn€1.32bn€1.24bn€2.27bn
Research and development—————€52.0m————
Operating income€967.0m€864.0m€1.12bn€359.0m€600.0m€172.0m€734.0m€567.0m€737.0m€982.0m
Net income€888.0m€3.24bn€460.0m€127.0m€748.0m−€424.0m€268.0m−€478.0m€454.0m€376.0m
Diluted earnings per share1.234.490.660.181.02-0.580.37-0.650.620.51

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€27.42bn€29.00bn€26.32bn€26.28bn€24.90bn€23.13bn€24.11bn€22.81bn€22.99bn€23.40bn
Cash and short-term investments€4.24bn€4.81bn€4.76bn€5.09bn€5.48bn€6.42bn€4.73bn€4.00bn€4.54bn€3.52bn
Total liabilities€19.75bn€20.88bn€20.44bn€19.93bn€19.06bn€19.30bn€19.02bn€17.45bn€16.76bn€17.08bn
Debt€10.51bn€12.81bn€12.88bn€12.73bn€10.85bn€9.99bn€8.78bn€8.33bn€8.55bn€8.38bn
Shareholders' equity€5.91bn€6.08bn€3.77bn€4.11bn€4.05bn€3.19bn€4.30bn€4.53bn€5.50bn€5.60bn
Shares outstanding721m722m697m722m732m732m730m732m737m730m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€1.61bn€1.29bn€1.26bn€1.00bn€810.0m€1.09bn€1.18bn€845.0m€1.28bn€1.17bn
Capital spending−€187.0m−€226.0m−€86.0m−€95.0m−€124.0m−€116.0m−€202.0m−€182.0m−€135.0m−€177.0m
Free cash flow€1.43bn€1.07bn€1.18bn€907.0m€686.0m€977.0m€976.0m€663.0m€1.15bn€995.0m
Dividends paid−€156.0m−€130.0m−€136.0m−€132.0m−€31.0m−€122.0m−€238.0m−€240.0m−€218.0m−€226.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024
Revenue€4.70bn€2.10bn€5.16bn€4.47bn€2.23bn€4.88bn€2.44bn€4.27bn
Gross profit€491.0m—€536.0m€431.0m€1.97bn€515.0m€2.10bn€385.0m
Operating income€491.0m€197.0m€536.0m€431.0m€353.0m€515.0m€1.28bn€385.0m
Net income€258.0m—€348.0m€540.0m€270.0m€2.83bn€1.41bn€414.0m
Diluted earnings per share0.36—0.480.750.373.911.960.57
Cash from operations€786.0m—€1.42bn€370.0m€185.0m€1.10bn€549.0m€195.0m
Capital spending−€53.0m—−€85.0m−€271.0m−€135.0m−€272.0m−€136.0m−€140.0m
Free cash flow€733.0m—€1.33bn€99.0m€50.0m€826.0m€413.0m€55.0m
Total assets€27.22bn—€27.42bn€26.56bn€26.56bn€29.00bn€29.00bn€26.63bn
Cash and short-term investments€3.86bn—€4.24bn€2.83bn€2.83bn€4.81bn€4.81bn€3.64bn
Debt€10.42bn—€10.51bn€10.23bn€1.34bn€11.37bn€1.28bn€11.79bn
Shareholders' equity€5.72bn—€5.91bn€5.90bn€5.90bn€6.08bn€6.08bn€3.76bn

Financial ratios

Data as of 18 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2015FY2014
Gross margin24.9%24.9%25.0%21.6%20.8%18.0%——
Operating margin10.0%9.4%13.2%4.8%8.7%2.6%——
Net margin9.2%35.4%5.4%1.7%10.8%-6.5%——
Return on equity15.0%53.3%12.2%3.1%18.5%-13.3%——
Return on assets3.2%11.2%1.7%0.5%3.0%-1.8%——
Free cash flow yield5.2%4.4%4.1%3.2%2.7%3.5%——
Revenue growth5.2%7.4%12.8%9.3%5.8%7.9%——
Earnings growth-72.6%604.1%262.2%-83.0%-276.4%-258.2%——
Current ratio1.13x1.22x1.21x1.38x1.38x1.45x——
Debt to equity1.78x1.87x3.03x2.85x2.64x3.05x——
Equity ratio21.5%20.9%14.3%15.6%16.3%13.8%——
Interest coverage2.21x1.81x2.40x1.01x2.21x0.55x——
R&D as a share of sales—————0.8%0.5%0.5%
Buybacks as a share of market value0.2%-3.7%3.6%1.2%0.0%-0.3%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue8.4%8.1%-0.1%
Operating income39.1%41.2%2.4%
Net income91.2%—2.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.9%24.2%22.9%20.9%
Operating margin9.8%9.5%8.5%9.2%
Net margin22.0%13.5%10.4%7.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings44.89.150.0139.226.9-39.073.4-27.130.733.0
Price to sales4.13.22.72.32.92.53.32.32.71.1

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 18 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.5580.8720.7980.6720.6920.5020.5120.719
  • 1-to-1 reverse split · 16 Jun 2023
  • 4-for-1 split · 7 Dec 2009

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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