Ferrovial SE
- Industry
- Diversified Industrials
- Exchange
- US
- Country
- USA
- IPO date
- Jun 29, 2023
- Employees
- 22,319
- Website
- www.ferrovial.com
Composite valuation range · conservative €35–€42 / fair €50–€60 / optimistic €60–€70. At €58.28, Within the fair intrinsic-value range.
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
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. The company is involved in the development, financing, and operation of toll road infrastructure and construction activities, including the design and construction of public and private works; construction of public infrastructures; and development, financing, investing, and operation of airports. It engages in the development and construction of energy transmission and renewable generation energy infrastructure, as well as rendering of services regarding energy efficiency; and operation of waste management plants. The company was founded in 1952 and is based in Amsterdam, the Netherlands.
History
Ferrovial (Ferrovial SE / Ferrovial N.V.) was founded in 1952 and is based in Amsterdam, the Netherlands. It listed on Nasdaq in the United States on June 29, 2023. In 2025 the company executed several portfolio moves, selling its remaining 5.25% stake in Heathrow and divesting AGS, while spending €1.3 billion to increase its stake in 407 ETR by 5.06% and injecting €236 million into the JFK New Terminal One project.
Industry position
Ferrovial develops, finances, builds, and operates highways and airports, operating through four segments: Construction, Highways, Airports, and Energy. In 2025 it generated revenue of €9,627 million, with adjusted EBITDA led by Highways at €990 million (about 64.2% of the total) and Construction at €511 million (about 33.2%), followed by Airports at €66 million and Energy at €3 million; the Construction order book reached €17.438 billion in 2025 and €17.555 billion in Q1 2026. Key assets include the 407 ETR toll road, the I-77 and I-66 Managed Lanes, and JFK's New Terminal One, and the company employs 22,319 people across the US, Poland, Spain, the UK, and Canada. Named peers cited for comparison include Vinci, Aena, Eiffage, and ACS.