Ferrovial Future Growth

Future criteria checks 1/6

Ferrovial is forecast to grow earnings and revenue by 5.3% and 4.2% per annum respectively. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 14.4% in 3 years.

Key information

5.3%

Earnings growth rate

6.06%

EPS growth rate

Construction earnings growth	10.3%
Revenue growth rate	4.2%
Future return on equity	14.39%
Analyst coverage	Good
Last updated	04 Mar 2026

Recent future growth updates

Recent updates

We Ran A Stock Scan For Earnings Growth And Ferrovial (BME:FER) Passed With Ease

Sep 22

Is It Time To Consider Buying Ferrovial SE (BME:FER)?

Sep 08

Ferrovial (BME:FER) Seems To Use Debt Quite Sensibly

Aug 27

Estimating The Intrinsic Value Of Ferrovial SE (BME:FER)

Aug 15

There's Been No Shortage Of Growth Recently For Ferrovial's (BME:FER) Returns On Capital

Jul 07

Ferrovial SE (BME:FER) Investors Are Less Pessimistic Than Expected

Jun 22

What Does Ferrovial SE's (BME:FER) Share Price Indicate?

May 13

We Take A Look At Why Ferrovial SE's (BME:FER) CEO Compensation Is Well Earned

Apr 17

These 4 Measures Indicate That Ferrovial (BME:FER) Is Using Debt Reasonably Well

Apr 12

Calculating The Fair Value Of Ferrovial SE (BME:FER)

Mar 31

Ferrovial (BME:FER) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Mar 07

US Toll Roads And Airport Growth Propel Revenue Amid Construction And Market Challenges

Nov 07 Strong U.S. Toll Roads results and airport passenger growth suggest future revenue increases with infrastructure enhancements in progress.

Earnings and Revenue Growth Forecasts

BME:FER - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	10,936	908	1,424	1,868	8
12/31/2027	10,297	863	1,269	1,862	19
12/31/2026	9,841	738	789	1,646	20
12/31/2025	9,627	868	1,273	1,926	N/A
9/30/2025	9,489	2,108	1,099	1,697	N/A
6/30/2025	9,349	3,347	925	1,468	N/A
3/31/2025	9,248	3,286	903	1,381	N/A
12/31/2024	9,148	3,225	881	1,293	N/A
9/30/2024	8,996	1,862	850	1,235	N/A
6/30/2024	8,841	736	819	1,176	N/A
3/31/2024	8,678	588	839	1,220	N/A
12/31/2023	8,515	320	858	1,263	N/A
9/30/2023	8,236	302	607	1,191	N/A
6/30/2023	7,957	164	356	1,119	N/A
3/31/2023	7,754	139	187	1,020	N/A
12/31/2022	7,551	113	17	921	N/A
9/30/2022	7,646	1,262	N/A	N/A	N/A
6/30/2022	7,309	1,268	70	643	N/A
3/31/2022	7,312	960	N/A	N/A	N/A
12/31/2021	6,910	829	375	784	N/A
9/30/2021	6,512	-261	N/A	N/A	N/A
6/30/2021	6,730	-484	796	1,062	N/A
3/31/2021	6,284	-424	N/A	N/A	N/A
12/31/2020	6,532	-452	873	1,117	N/A
9/30/2020	6,405	100	N/A	N/A	N/A
6/30/2020	6,387	251	1,197	1,520	N/A
3/31/2020	6,204	535	N/A	N/A	N/A
12/31/2019	6,054	458	770	1,129	N/A
9/30/2019	4,097	-18	N/A	N/A	N/A
6/30/2019	5,639	115	N/A	202	N/A
3/31/2019	5,819	170	N/A	N/A	N/A
12/31/2018	5,736	392	N/A	323	N/A
9/30/2018	1,838	249	N/A	N/A	N/A
6/30/2018	1,794	265	N/A	1,119	N/A
3/31/2018	12,027	221	N/A	N/A	N/A
12/31/2017	5,152	371	N/A	1,280	N/A
9/30/2017	12,255	484	N/A	N/A	N/A
6/30/2017	12,120	427	N/A	1,235	N/A
3/31/2017	11,560	291	N/A	N/A	N/A
12/31/2016	10,758	376	N/A	1,172	N/A
9/30/2016	10,166	516	N/A	N/A	N/A
6/30/2016	9,662	642	N/A	941	N/A
3/31/2016	9,637	759	N/A	N/A	N/A
12/31/2015	9,701	720	N/A	1,130	N/A
9/30/2015	9,546	615	N/A	N/A	N/A
6/30/2015	9,378	501	N/A	1,433	N/A
3/31/2015	9,005	455	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FER's forecast earnings growth (5.3% per year) is above the savings rate (2.6%).

Earnings vs Market: FER's earnings (5.3% per year) are forecast to grow slower than the Spanish market (10.8% per year).

High Growth Earnings: FER's earnings are forecast to grow, but not significantly.

Revenue vs Market: FER's revenue (4.2% per year) is forecast to grow slower than the Spanish market (6.1% per year).

High Growth Revenue: FER's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FER's Return on Equity is forecast to be low in 3 years time (14.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/04 11:41
End of Day Share Price	2026/03/04 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ferrovial SE is covered by 29 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Filipe Leite	Banco BPI, S.A.
null null	Banco de Sabadell. S.A.
José Arroyas	Banco Santander

Ferrovial Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 24%

Consensus EPS estimates increase by 45%

Consensus EPS estimates increase by 21%

Recent updates

Ferrovial SE, Annual General Meeting, Apr 09, 2026

Full year 2025 earnings: EPS and revenues exceed analyst expectations

New minor risk - Profit margin trend

Does Ferrovial (BME:FER) Deserve A Spot On Your Watchlist?

Ferrovial Se Announces Resignation of Alicia Reyes as Non-Executive Director Alicia Reyes, Effective from January 19, 2026

Ferrovial (BME:FER) Has A Pretty Healthy Balance Sheet

Ferrovial SE to Report Fiscal Year 2025 Results on Feb 25, 2026

Ferrovial SE Declares Additional Interim Cash Dividend, Payable on 22 December 2025

Now 22% overvalued after recent price rise

Dividend of €0.48 announced

Ferrovial SE Announces Second 2025 Interim Scrip Dividend, Payable from 3 December 2025

Ferrovial's (BME:FER) Returns On Capital Are Heading Higher

Now 21% overvalued after recent price rise

We Ran A Stock Scan For Earnings Growth And Ferrovial (BME:FER) Passed With Ease

Is It Time To Consider Buying Ferrovial SE (BME:FER)?

Ferrovial (BME:FER) Seems To Use Debt Quite Sensibly

Estimating The Intrinsic Value Of Ferrovial SE (BME:FER)

First half 2025 earnings released: EPS: €0.73 (vs €0.56 in 1H 2024)

Scale Capital acquired services business in Chile from Ferrovial SE (BME:FER) for €42 million.

Ferrovial SE Announces Executive Appointments

There's Been No Shortage Of Growth Recently For Ferrovial's (BME:FER) Returns On Capital

Ardian SAS completed the acquisition of an additional 10% stake in FGP Topco Limited from Caisse de dépôt et placement du Québec, Ferrovial SE (BME:FER) and other TopCo shareholders for approximately £890 million.

Ferrovial SE (BME:FER) Investors Are Less Pessimistic Than Expected

Ferrovial SE (BME:FER) and Canada Pension Plan Investment Board completed the acquisition of 6.76% stake in 407 International Inc. from AtkinsRéalis Group Inc. (TSX:ATRL) for CAD 2.6 billion.

Dividend of €0.32 announced

Ferrovial Announces A 2025 Interim Dividend, Payable from 25 June 2025

What Does Ferrovial SE's (BME:FER) Share Price Indicate?

We Take A Look At Why Ferrovial SE's (BME:FER) CEO Compensation Is Well Earned

These 4 Measures Indicate That Ferrovial (BME:FER) Is Using Debt Reasonably Well

Calculating The Fair Value Of Ferrovial SE (BME:FER)

Ferrovial SE (BME:FER) announces an Equity Buyback for 15,000,000 shares, representing 2.06% for €500 million.

Ferrovial SE, Annual General Meeting, Apr 24, 2025

Ferrovial SE (BME:FER) and Canada Pension Plan Investment Board entered into an agreement to acquire 5% stake in 407 International Inc. from AtkinsRéalis Group Inc. (TSX:ATRL).

Ferrovial (BME:FER) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

New minor risk - Earnings quality

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Ardian agreed to acquired an additional 10% stake in FGP Topco Limited from Caisse de dépôt et placement du Québec, Ferrovial SE (BME:FER) and others.

Consensus EPS estimates increase by 24%

New major risk - Revenue and earnings growth

Consensus EPS estimates increase by 45%

New major risk - Revenue and earnings growth

Ferrovial SE to Report Q3, 2025 Results on Oct 28, 2025

Public Investment Fund and infrastructure funds managed by Ardian completed the acquisition of 37.6% stake in FGP Topco Limited from Ferrovial SE (BME : FER).

Ferrovial SE Announces the Appointment of András Szakonyi as CEO of Digital Infrastructure

US Toll Roads And Airport Growth Propel Revenue Amid Construction And Market Challenges

Ferrovial Appoints Ignacio Del Pino as Chief Investment Officer, effective November 1, 2024

Consensus EPS estimates increase by 21%

Ferrovial SE (BME:FER) announces an Equity Buyback for 30,000,000 shares, for €300 million.

First half 2024 earnings released: EPS: €0.56 (vs €0.14 in 1H 2023)

Portobello Capital Gestión, SGEIC, S.A. acquired an additional 24.78% stake in Serveo Servicios, S.A.U. from Ferrovial SE (BME:FER).

Insufficient new directors

Ferrovial Appoints Claudia Husemann as Director of Communications and Corporate Social Responsibility

Now 20% undervalued

Ferrovial SE, Annual General Meeting, Apr 11, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Ferrovial SE to Report First Half, 2024 Results on Jul 30, 2024

Heathrow Investors to Sell Shares to Saudi Arabia Fund

Ferrovial SE to Report Q1, 2024 Results on Apr 24, 2024

Ferrovial SE to Report Fiscal Year 2023 Results on Feb 27, 2024

Ferrovial SE (BME:FER) announces an Equity Buyback for 34,000,000 shares, representing 4.59% for €500 million.

Public Investment Fund and infrastructure funds managed by Ardian reached an agreement to acquire a 25% stake in FGP Topco Limited from Ferrovial SE (BME : FER) for £2.4 billion.

Heathrow’s Owner Ferrovial Reportedly Opens Door to Sale of its Stake