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Ferrovial SE (FER) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · ENGINEERING & CONSTRUCTION · DATA UPDATED 2026-09-19

Ferrovial SE (FER) operates in the ENGINEERING & CONSTRUCTION industry and is headquartered in Amsterdam, Netherlands with about 22,359 employees. Its market capitalization is roughly $40 billion. In the fiscal year ended 2025-12-31, FER reported €9.6B in revenue and €888M in net income.

Ferrovial N.V., 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.

Interactive charts & full statements → Open the FER valuation workbench →

FER Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	€10.0B	€9.6B	€9.1B	€8.5B	€7.6B	€6.8B	€6.3B	€6.1B	€5.7B	€5.2B	€10.8B	€9.7B	€8.8B	€8.2B	€7.7B	€7.4B	€12.2B	€12.2B	€14.1B	€14.6B	€12.4B
Gross Profit	—	€8.5B	€8.0B	€7.5B	€6.4B	€5.7B	€5.3B	€5.1B	€4.8B	€10.9B	€9.5B	€8.6B	€7.7B	€7.0B	€6.4B	€6.1B	€6.4B	€10.7B	€12.3B	€10.7B	€8.7B
Gross Margin %	—	88.3%	87.8%	87.7%	84.2%	84.1%	84.2%	84.3%	82.8%	210.8%	88.2%	88.2%	87.2%	85.5%	83.1%	82.5%	52.2%	87.4%	87.3%	73.2%	70.3%
Operating Income (EBIT)	€938M	€1.2B	€3.1B	€625M	€423M	€1.5B	€189M	€401M	€438M	€638M	€926M	€901M	€743M	€827M	€760M	€724M	€3.5B	€876M	€1.8B	€1.9B	€1.5B
Operating Margin %	9.4%	12.2%	34.0%	7.3%	5.6%	21.8%	3.0%	6.6%	7.6%	12.4%	8.6%	9.3%	8.4%	10.1%	9.9%	9.7%	29.0%	7.2%	13.0%	13.1%	11.8%
Net Income	—	€888M	€3.2B	€460M	€188M	€1.2B	(€424M)	€268M	(€448M)	€454M	€376M	€720M	€402M	€727M	€692M	€1.2B	€2.2B	(€469M)	(€1.6B)	€734M	€1.4B
Net Margin %	—	9.2%	35.4%	5.4%	2.5%	17.7%	-6.7%	4.4%	-7.8%	8.8%	3.5%	7.4%	4.6%	8.9%	9.0%	16.7%	17.9%	-3.8%	-11.4%	5.0%	11.5%
EBITDA	—	€2.0B	€4.5B	€1.5B	€924M	€1.5B	€116M	€1.0B	€661M	€881M	€943M	€1.4B	€1.2B	€1.5B	€1.3B	€1.1B	€4.2B	€2.1B	€2.7B	€3.9B	€3.0B
Earnings Per Share (EPS)	—	€1.23	€4.44	€0.63	€0.26	€1.64	€-0.58	€0.37	€-0.55	€0.62	€0.50	€0.98	€0.53	€0.99	€0.94	€1.69	€2.97	€-0.80	€-2.90	€5.24	€10.18
Shares Outstanding (M)	—	720M	729M	728M	723M	732M	732M	732M	809M	731M	759M	732M	758M	734M	734M	734M	734M	590M	555M	140M	140M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FER Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	€2.6B	€2.1B	€2.7B	€2.6B	€2.2B	€2.2B	€2.4B	€2.4B	€2.4B
Gross Profit	—	€2.1B	€2.7B	€2.2B	€2.0B	€2.0B	€2.1B	€2.1B	€2.1B
Gross Margin %	—	100.0%	100.0%	86.7%	88.3%	88.3%	85.9%	85.9%	89.5%
Operating Income (EBIT)	€294M	€197M	€211M	€236M	€353M	€353M	€1.3B	€1.3B	€399M
Operating Margin %	11.3%	9.4%	7.8%	9.1%	15.8%	15.8%	52.4%	52.4%	16.7%
Net Income	—	€197M	€211M	€174M	€270M	€270M	€1.4B	€1.4B	€207M
Net Margin %	—	9.4%	7.8%	6.8%	12.1%	12.1%	57.9%	57.9%	8.7%
EBITDA	—	€197M	€211M	€401M	€328M	€328M	€372M	€372M	€342M
Earnings Per Share (EPS)	—	€0.27	€0.29	€0.24	€0.38	€0.38	€1.96	€1.96	€0.28
Shares Outstanding (M)	—	718M	720M	717M	720M	720M	722M	722M	729M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FER Free Cash Flow History

Cash flow	TTM → 2025-12-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	€1.9B	€1.6B	€1.3B	€1.3B	€1.0B	€810M	€1.1B	€1.2B	€845M	€1.3B	€1.2B	€1.1B	€1.4B	€1.3B	€1.2B	€712M	€2.5B	€2.5B	€2.7B	€2.7B	€2.0B
Capital Expenditures (CapEx)	€653M	€187M	€226M	€86M	€95M	€124M	€116M	€202M	€182M	€135M	€177M	€177M	€115M	€96M	€118M	€96M	€127M	€205M	€406M	€249M	€215M
Free Cash Flow (FCF)	€1.3B	€1.4B	€1.1B	€1.2B	€907M	€686M	€977M	€976M	€663M	€1.1B	€995M	€953M	€1.3B	€1.2B	€1.1B	€616M	€2.4B	€2.3B	€2.3B	€2.4B	€1.8B
FCF Margin %	13.2%	14.8%	11.7%	13.8%	12.0%	10.1%	15.4%	16.1%	11.6%	22.2%	9.2%	9.8%	14.9%	14.7%	13.8%	8.3%	19.5%	19.0%	16.1%	16.7%	14.3%
Dividends Paid	€156M	€156M	€130M	€136M	€132M	€31M	€122M	€238M	€240M	€218M	€226M	€267M	€275M	€525M	€827M	€367M	€315M	€284M	€178M	€149M	€133M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FER Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31
Cash from Operations (CFO)	€778M	€778M	€185M	€185M	€549M	€549M	€98M	€98M
Capital Expenditures (CapEx)	€191M	€191M	€136M	€136M	€136M	€136M	€70M	€70M
Free Cash Flow (FCF)	€587M	€587M	€50M	€50M	€413M	€413M	€28M	€28M
FCF Margin %	21.6%	22.8%	2.2%	2.2%	16.9%	16.9%	1.1%	—
Dividends Paid	€78M	€78M	—	—	€65M	€65M	—	—

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FER Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	€27.2B	€27.4B	€29.0B	€26.3B	€26.3B	€24.9B	€23.1B	€24.1B	€22.8B	€23.0B	€23.4B	€25.4B	€25.5B	€22.8B	€22.2B	€23.0B	€43.3B	€44.1B	€48.2B	€51.6B	€54.8B
Cash & Cash Equivalents	€3.9B	€4.2B	€4.8B	€4.8B	€5.1B	€5.5B	€6.4B	€4.7B	€4.0B	€4.5B	€3.5B	€3.2B	€3.4B	€3.1B	€2.9B	€2.3B	€2.7B	€2.5B	€736M	€1.8B	€2.3B
Total Liabilities	€19.8B	€19.8B	€20.9B	€20.4B	€19.9B	€19.1B	€19.3B	€19.0B	€17.4B	€16.8B	€17.1B	€18.8B	€19.5B	€16.7B	€16.5B	€16.7B	€36.7B	€39.6B	€44.5B	€44.7B	€48.1B
Total Debt (Short + Long-Term)	€10.7B	€10.5B	€11.4B	€11.4B	€11.7B	€10.7B	€9.8B	€1.1B	(€316M)	(€432M)	(€689M)	(€3.8B)	€1.4B	€1.3B	€1.2B	€1.2B	€1.5B	€1.9B	€1.6B	€1.2B	€2.8B
Total Shareholders' Equity	€5.7B	€5.9B	€6.1B	€3.8B	€4.1B	€4.0B	€3.2B	€4.3B	€4.5B	€5.5B	€5.6B	€6.1B	€5.7B	€5.7B	€5.6B	€6.1B	€5.2B	€3.0B	€1.6B	€3.9B	€3.5B

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FER viewer.

FER Metric Deep Dives

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