Ferrovial SE (FER) is listed on NASDAQ and operates in the Engineering & Construction industry (Industrials sector).
Ferrovial 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.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 1 |
| Hold | 1 |
| Sell | 0 |
| Strong Sell | 0 |
Ferrovial SE, headquartered in Amsterdam, the Netherlands, is involved in the design, construction, financing, operation, and maintenance of transport infrastructure and urban services on a global scale. The company operates through four primary segments: Construction, Toll Roads, Airports, and Energy Infrastructures and Mobility. In the Construction segment, Ferrovial undertakes both public and private infrastructure projects. The Toll Roads segment focuses on the development, financing, and operation of toll road networks. The Airports segment is responsible for the development, financing, and operation of airport facilities. In the Energy Infrastructures and Mobility segment, the company is engaged in the development, financing, and operation of power transmission lines and renewable energy generation plants. Additionally, Ferrovial provides mobility solutions and waste management services, particularly to the mining industry in Chile. Founded in 1952, Ferrovial SE has established itself as a significant player in the engineering and construction industry, with a diverse portfolio of infrastructure and service projects worldwide.
Over the past three fiscal years, the company has demonstrated a solid growth trajectory, with revenue consistently increasing at a 6.3% CAGR from €8.51 billion in 2023 to €9.63 billion in 2025. This growth was accompanied by an improvement in profitability, as evidenced by the operating margin, which increased by 4.9 percentage points from 7.3% to 12.2%. Net margin also improved by 3.8 percentage points, reaching 9.2% by 2025. Despite some fluctuations, earnings per share (EPS) showed a significant increase, rising from €0.47 in 2023 to €1.23 in 2025, reflecting a 61.8% CAGR. On the cash flow front, operating cash flow (OCF) consistently increased, with a CAGR of 23.5%, reaching €1.93 billion in 2025. Free cash flow (FCF) also grew, albeit inconsistently, from €1.18 billion to €1.74 billion, with the FCF margin expanding by 4.2 percentage points to 18.1%. The company's net debt position improved, decreasing from €6.81 billion to €6.49 billion, indicating a strengthening balance sheet. Additionally, the company maintained a healthy cash conversion ratio of 2.17, suggesting that earnings are well-supported by cash flows. The slight reduction in share count by 1.1% through buybacks further enhanced per-share value creation. Overall, the company has shown robust financial performance, marked by revenue growth, improved margins, and strong cash generation.
Recent developments for Ferrovial SE (FER) focus primarily on financial and analyst activities. The company's Q4 2025 earnings call was held, although specific details from the call were not disclosed. In terms of analyst ratings, Ferrovial has received a consensus "Hold" rating, with an average 12-month target price of $73. Notably, Citigroup has maintained a "buy" rating, increasing its price objective to $75.30 from $72. Institutional activity includes Bank of Italy holding $173.17 million in Ferrovial, representing 36% of its portfolio, with minor increases in holdings by Signaturefd LLC and EverSource Wealth Advisors LLC. Additionally, HSBC Holdings PLC significantly increased its stake by acquiring an additional 472,349 shares, bringing its total to 25,386,224 shares valued at approximately $1.35 billion. These activities suggest a stable outlook for Ferrovial, with institutional investors maintaining or slightly increasing their positions, reflecting confidence in the company's future performance.