Ferrovial
FER · NasdaqHeavy Construction Other Than Bldg Const - Contractors · Fiscal year ends Dec 31 · Reports in EUR
Ferrovial reported revenue of EUR 9.6B in the fiscal year ended Dec 2025, up 5.2% from the year before. Net income was EUR 1.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue | EUR 7.6B | EUR 8.5B | EUR 9.1B | EUR 9.6B |
| Operating income | EUR 423M | EUR 625M | EUR 3.1B | – |
| Pre-tax income | EUR 271M | EUR 610M | EUR 3.6B | EUR 1.1B |
| Income tax | EUR 30M | EUR 115M | EUR 145M | −EUR 60M |
| Net income | EUR 305M | EUR 511M | EUR 3.5B | EUR 1.2B |
Balance sheet
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash & equivalents | EUR 5.1B | EUR 4.8B | EUR 4.8B | EUR 4.3B |
| Receivables | EUR 1.6B | EUR 1.7B | EUR 2.2B | EUR 2.2B |
| Inventory | – | EUR 458M | EUR 492M | EUR 540M |
| Current assets | – | EUR 7B | EUR 7.7B | EUR 7.3B |
| Net PP&E | – | EUR 594M | EUR 772M | EUR 1B |
| Goodwill | EUR 479M | EUR 475M | EUR 500M | EUR 412M |
| Total assets | – | EUR 26.3B | EUR 29B | EUR 27.4B |
| Payables | EUR 3.4B | EUR 3.6B | EUR 3.9B | EUR 4.2B |
| Current liabilities | – | EUR 5.8B | EUR 6.3B | EUR 6.5B |
| Total liabilities | – | EUR 20.4B | EUR 20.9B | EUR 19.8B |
| Shareholders' equity | EUR 4.2B | EUR 3.8B | EUR 6.1B | EUR 5.9B |
Cash flow
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Operating cash flow | EUR 1B | EUR 1.3B | EUR 1.3B | EUR 1.9B |
Key ratios
| Fiscal year | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.8% | 7.4% | 5.2% |
| Operating income growth (YoY) | – | 47.8% | 397.4% | – |
| Operating margin | 5.6% | 7.3% | 34.0% | – |
| Net margin | 4.0% | 6.0% | 38.2% | 11.9% |
| Return on equityBlank when equity is negative | 7.2% | 13.6% | 57.4% | 19.5% |
| ROCEEBIT ÷ (assets − current liabilities) | – | 3.0% | 13.7% | – |
| Cash conversion (CFO ÷ net income) | 3.29x | 2.47x | 0.37x | 1.67x |
| Receivable days | 77 | 72 | 89 | 85 |
| Current ratio | – | 1.21x | 1.22x | 1.13x |
Recent filings
More in Heavy Construction Other Than Bldg Const - Contractors
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.