Ferrovial SE, together with its subsidiaries, engages in the development, construction, and operation of highways and airports in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. It operates through four segments: Construction, Highways, Airports, and Energy. The company is involved in the development, financing, and operation of toll road infrastructure and construction activities, including the design and construction of public and private works; construction of public infrastructures; and development, financing, investing, and operation of airports. It engages in the development and construction of energy transmission and renewable generation energy infrastructure, as well as rendering of services regarding energy efficiency; and operation of waste management plants. The company was founded in 1952 and is based in Amsterdam, the Netherlands.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.6B | $2.0B | $888M | $1.7B | 15.0% | 5.2% | -72.6% |
| 2024 | $9.1B | $4.5B | $3.2B | $1.1B | 53.3% | 7.4% | 849.9% |
| 2023 | $8.5B | $1.5B | $341M | $1.2B | 9.1% | 12.8% | 81.4% |
| 2022 | $7.6B | $924M | $188M | $907M | 4.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,551 | 8,515 | 9,148 | 9,627 |
| Cost Of Revenue | - | 1,197 | 1,047 | 1,115 | 1,124 |
| Gross Profit | - | 6,354 | 7,468 | 8,033 | 8,503 |
| Operating Expense | - | 5,925 | 6,878 | 7,132 | 7,536 |
| Operating Income | - | 429 | 590 | 901 | 967 |
| EBITDA | - | 924 | 1,478 | 4,539 | 1,998 |
| EBIT | - | 625 | 1,077 | 4,098 | 1,508 |
| Pretax Income | - | 271 | 610 | 3,621 | 1,070 |
| Tax Provision | - | 30 | 115 | 145 | -60 |
| Net Income | - | 188 | 341 | 3,239 | 888 |
| Net Income Common Stockholders | - | 188 | 341 | 3,239 | 888 |
| Total Expenses | - | 7,122 | 7,925 | 8,247 | 8,660 |
| Interest Expense | - | 354 | 467 | 477 | 438 |
| Interest Income | - | 112 | 250 | 212 | 147 |
| Selling General And Administration | - | 2,152 | 2,335 | 2,471 | 2,638 |
| Normalized EBITDA | - | 988 | 1,419 | 1,748 | 1,698 |
| Normalized Income | - | 180.77 | 277.09 | 545.76 | 645.40 |
| Market Cap | 49,561.64 | 49,561.64 | 49,561.64 | 49,561.64 | 49,561.64 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ferrovial SEthis co. | FER | - | 55.81β premium | 8.39 | 15.0% | 28.05 |
| Textron Inc. | TXT | $15.8B | 16.63 | 1.94 | 11.7% | 10.32 |
| IDEX Corporation | IEX | $15.4B | 31.50 | 3.78 | 12.0% | 18.25 |
| Jacobs Solutions Inc. | J | $15.3B | 51.39 | 4.08 | 7.9% | 17.63 |
| Masco Corporation | MAS | $15.2B | 18.47 | -80.46 |
| - |
| - |
| - |
| - |
| -435.5% |
| 12.67 |
| Pentair plc | PNR | $15.0B | 22.91 | 3.87 | 16.9% | 17.64 |
| Huntington Ingalls Industries, Inc. | HII | $14.1B | 23.38 | 2.79 | 11.9% | 13.46 |
| Generac Holdings Inc. | GNRC | $12.9B | 81.25 | 4.92 | 6.1% | 30.39 |
| Stanley Black & Decker, Inc. | SWK | $11.6B | 29.61 | 1.31 | 4.4% | 12.18 |
| Peer Median | - | 26.50 | 3.28 | 9.8% | 15.55 | |