FERFerrovial N.V.

$59.96

Is the business good?

How good a business is FER?

Ferrovial N.V. earns 8.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

8.8%

Return on invested capital · cost of capital 9.0% · 0.24 points below what the capital costs: growth destroys value

Operating margin
15%

Operating margin · Engineering & Construction median 7.4% · fiscal year to FY2025

Share count, year on year
−0.76%

Share count, year on year · flat: no meaningful dilution

Gross margin
88%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY20225.6%
FY20237.3%
FY202434%
FY202515%
Details
Gross marginfiscal year to FY2025
88%
Operating marginfiscal year to FY2025
15%
Net marginfiscal year to FY2025
9.2%
Revenue, trailing twelve months
$9.63B
Net income, trailing twelve months
$888M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
8.8%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.