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Financial statements

Ferrovial N.V. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Ferrovial N.V. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2022FY2024FY2024FY2025
Revenue7,5518,5159,1489,627
Operating income4236253,109
Pre-tax income2716103,6211,070
Income tax30115145-60
Income from continuing operations2414953,4761,130
Net income to minority interests117170251262
Net income1883413,239888
EBITDA7221,0263,550
EPS, basic0.250.464.471.24
EPS, diluted0.250.464.471.24

Balance sheet

FY2022FY2024FY2024FY2025
Cash and equivalents5,1304,7894,8284,271
Receivables1,6001,6772,2282,245
Inventory458492540
Total current assets6,9907,6727,310
Property, plant and equipment5947721,012
Lease right-of-use assets183196238296
Goodwill479475500412
Total assets26,31828,99927,420
Accounts payable3,4293,6463,9024,180
Total current liabilities5,7756,3016,464
Lease liabilities141165219
Total liabilities20,43920,87919,755
Total debt11,37811,28810,427
Shareholders' equity4,2333,7666,0755,908
Minority interests2,2402,1132,0451,757
Total equity6,4735,8798,1207,665
Total liabilities and equity26,31828,99927,420

Cash flow statement

FY2022FY2024FY2024FY2025
Net income3055113,4901,150
Depreciation and amortization299401441490
Cash from operations1,0021,2631,2931,926
Cash from investing-732-4251,313-891
Debt issued1,2079641501,055
Debt repaid-665-747-657-954
Cash from financing-316-1,305-2,591-1,483
Exchange rate effect-28316059-99
Net change in cash-406-34139-557

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin11.1%Pre-tax income / revenue.
Net margin9.2%Net income / revenue.
Operating cash flow margin20.0%Cash from operations / revenue.
Effective tax rate-5.6%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)14.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)3.1%Net income / average total assets.
D&A / revenue5.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y5.2%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y8.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y-72.6%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y67.8%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y-72.3%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y70.5%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y49.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y24.3%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-2.7%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y11.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-5.4%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.13xCurrent assets / current liabilities.
Quick ratio1.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.66x(Cash + short-term investments) / current liabilities.
Debt / equity1.76xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets38.0%Total debt / total assets.
Liabilities / assets72.0%Total liabilities / total assets.
Net debt€6.16BTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital€846.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets1.5%(Goodwill + intangible assets) / total assets.
Tangible book value€5.50BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.34xRevenue / average total assets.
Fixed asset turnover10.8xRevenue / average property, plant and equipment.
Receivables turnover4.30xRevenue / average receivables.
Days sales outstanding85 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted€1.24Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic€1.24Net income per basic share, as reported (split-adjusted).
What was Ferrovial N.V.'s revenue in fiscal 2025?

Ferrovial N.V. reported revenue of €9.63B for fiscal 2025, 5.2% higher than the year before.

Was Ferrovial N.V. profitable in fiscal 2025?

Yes. Net income was €888.0M, a net margin of 9.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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