Ferrovial 2025 revenue beats estimates on strong North America performance

Ferrovial NV

26/02/2026 24:12

Overview

Amsterdam-based global infrastructure firm's 2025 revenue rose 8.6%, beating analyst expectations

Adjusted EBITDA for 2025 increased 12.2% yr/yr, driven by North American assets

Company completed divestment of Heathrow and AGS Airports stakes

Ferrovial joined the Nasdaq-100 Index in December

Outlook

Company sees strong pipeline of new greenfield opportunities in highways and airports in the U.S.

Result Drivers

HIGHWAYS PERFORMANCE - Revenue in the Highways division grew 13.7% in like-for-like terms, driven by strong performance in North America and increased dividends from projects

CONSTRUCTION PROFITABILITY - The Construction division's adjusted EBIT margin exceeded targets, with a record order book of €17.4 billion

ASSET ROTATION - Ferrovial's cash generation was supported by dividends from infrastructure projects and asset rotation, including divestments of Heathrow and AGS Airports stakes

Company press release: ID:nPn9TSSvwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 9.63 bln
EUR 9.47 bln (20 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Ferrovial SE is €61.20, about 0.2% below its February 25 closing price of €61.30

The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 52 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)