Ferrovial SE(FER)Earnings, Financials & Key Ratios
FER•NASDAQ
$68.61
49.0× P/E·Price updated Jun 30, 2026
SectorIndustrialsIndustryInfrastructure OperationsSub-IndustryInfrastructure Concessions and Operators
AboutFerrovial SE, together with its subsidiaries, engages in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services internationally. It operates through four segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. The company designs and executes various public and private works, including the construction of public infrastructure; and develops, finances, and operates toll roads. It also develops, finances, and operates airports; and develops, finances, and operates power transmission lines and renewable energy generation plants, as well as offers mobility and waste management plants and services to the mining industry in Chile. In addition, the company promotes, constructs, and operates energy generation and transmission infrastructures. The company was founded in 1952 and is based in Amsterdam, the Netherlands.Show more
- Revenue$9.63B+5.2%
- EBITDA$1.67B-53.0%
- Net Income$888M-72.6%
- EPS (Diluted)1.23-72.3%
- Gross Margin88.32%+0.6%
- EBITDA Margin17.32%-55.4%
- Operating Margin12.23%-64.0%
- Net Margin9.22%-74.0%
- ROE11.25%-75.7%
FER Price & Volume
Ferrovial SE (FER) stock price & volume — 10-year historical chart
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Infrastructure Concession Model Faces Regulatory Margin Headwinds
Investment Thesis • Updated 2025Q2
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Regulatory tolling cap exposure
Key Thesis Takeaways
- Ferrovial's transition to a high-margin infrastructure concession model provides a unique competitive moat, yet the company faces significant volatility in cash flow conversion and revenue growth.
- While the balance sheet has stabilized with a debt-to-equity ratio of 1.35, investors must weigh the potential for long-term value creation against the risks of legislative intervention in tolling caps.
- The current valuation, characterized by a forward P/E of 69.73, suggests that the market is pricing in significant future growth that may be challenged by cyclical project headwinds and inconsistent operating cash flow.
Verdict Logic
while the company maintains a robust 88.3% gross margin, the high forward P/E of 69.73 and inconsistent OCF/NI ratio of 0.69 suggest that current valuation levels may not fully account for regulatory and operational risks.
FER Growth Metrics
Ferrovial SE (FER) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.07%
5 Years8.71%
3 Years8.43%
TTM2.79%
Profit CAGR
10 Years2.12%
5 Years-
3 Years67.78%
TTM377.31%
EPS CAGR
10 Years3.06%
5 Years-
3 Years70.08%
TTM354.01%
Return on Capital
10 Years4.95%
5 Years6.8%
3 Years7.6%
Last Year5.39%
FER Recent Earnings
Ferrovial SE (FER) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (100%)●Beat Revenue 7/12 qtrs (88%)
Q1 2026Latest
Feb 26, 2026Metric
Actual
Est
EPS
$0.34
—
Rev
$3.2B+35.1%
$2.4B
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.34+293.3%
$0.18
Rev
$3.2B+35.1%
$2.4B
Q3 2025
Jul 29, 2025Metric
Actual
Est
EPS
$0.44
—
Rev
$2.6B+4.3%
$2.5B
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$0.44
—
Rev
$2.6B+4.3%
$2.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.34 | $3.2Bvs $2.4B+35.1% |
| Q1 2026 | Feb 25, 2026 | $0.34vs $0.18+293.3% | $3.2Bvs $2.4B+35.1% |
| Q3 2025 | Jul 29, 2025 | $0.44 | $2.6Bvs $2.5B+4.3% |
| Q3 2025 | Jul 28, 2025 | $0.44 | $2.6Bvs $2.5B+4.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ferrovial SE (FER)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $68.61 | $49.44B | 48.96 | 5.25% | 9.22% | 11.25% | 0.36% | |
| $118.77 | $6.71B | 64.55 | 54.2% | 3.9% | 13.68% | — | |
| $69.80 | $8.97B | 16.58 | 0.21% | 3.16% | 19.61% | — | |
| $720.04 | $108.05B | 105.89 | 19.76% | 3.72% | 12.96% | — | |
| $126.00 | $14.88B | 52.94 | 4.6% | 2.96% | 9.06% | — | |
| $415.84 | $32.78B | 82.02 | 16.22% | 3% | 14.16% | — |
Compare FER vs Peers
Ferrovial SE (FER) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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FER Frequently Asked Questions
Ferrovial SE (FER) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ferrovial SE's revenue?
Ferrovial SE (FER) reported $9.35B in revenue for fiscal year 2025. This represents a 1832% increase from $483.9M in 2004.
How fast is Ferrovial SE growing?
Ferrovial SE (FER) grew revenue by 5.2% over the past year. This is steady growth.
Is FER profitable?
Yes, Ferrovial SE (FER) is profitable, generating $3.37B in net income for fiscal year 2025 (9.2% net margin).
Dividend & Returns
Does FER pay dividends?
Yes, Ferrovial SE (FER) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.
What is FER's return on equity?
Ferrovial SE (FER) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.
What is Ferrovial SE's free cash flow?
Ferrovial SE (FER) generated $925.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.