Ferrovial S.A. (FER) - Net Assets

Latest as of December 2025: €7.67 Billion EUR ≈ $8.96 Billion USD

Based on the latest financial reports, Ferrovial S.A. (FER) has net assets worth €7.67 Billion EUR (≈ $8.96 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€27.42 Billion ≈ $32.06 Billion USD) and total liabilities (€19.75 Billion ≈ $23.10 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Ferrovial S.A. to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€7.67 Billion
% of Total Assets	27.95%
Annual Growth Rate	8.6%
5-Year Change	31.27%
10-Year Change	21.4%
Growth Volatility	66.15

Ferrovial S.A. - Net Assets Trend (2000–2025)

This chart illustrates how Ferrovial S.A.'s net assets have evolved over time, based on quarterly financial data. See how many days can Ferrovial S.A. fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ferrovial S.A. (2000–2025)

The table below shows the annual net assets of Ferrovial S.A. from 2000 to 2025. For live valuation and market cap data, see FER company net worth.

Year	Net Assets	Change
2025-12-31	€7.67 Billion ≈ $8.96 Billion	-5.60%
2024-12-31	€8.12 Billion ≈ $9.49 Billion	+38.12%
2023-12-31	€5.88 Billion ≈ $6.87 Billion	-7.48%
2022-12-31	€6.35 Billion ≈ $7.43 Billion	+8.82%
2021-12-31	€5.84 Billion ≈ $6.83 Billion	+52.57%
2020-12-31	€3.83 Billion ≈ $4.47 Billion	-24.77%
2019-12-31	€5.09 Billion ≈ $5.95 Billion	-5.15%
2018-12-31	€5.36 Billion ≈ $6.27 Billion	-13.97%
2017-12-31	€6.23 Billion ≈ $7.29 Billion	-1.27%
2016-12-31	€6.31 Billion ≈ $7.38 Billion	-3.47%
2015-12-31	€6.54 Billion ≈ $7.65 Billion	+8.64%
2014-12-31	€6.02 Billion ≈ $7.04 Billion	-0.87%
2013-12-31	€6.07 Billion ≈ $7.10 Billion	+5.40%
2012-12-31	€5.76 Billion ≈ $6.74 Billion	-8.35%
2011-12-31	€6.29 Billion ≈ $7.35 Billion	-5.13%
2010-12-31	€6.63 Billion ≈ $7.75 Billion	+45.45%
2009-12-31	€4.56 Billion ≈ $5.33 Billion	+23.43%
2008-12-31	€3.69 Billion ≈ $4.32 Billion	-46.09%
2007-12-31	€6.85 Billion ≈ $8.01 Billion	+2.79%
2006-12-31	€6.66 Billion ≈ $7.79 Billion	+324.70%
2005-12-31	€1.57 Billion ≈ $1.83 Billion	+12.14%
2004-12-31	€1.40 Billion ≈ $1.64 Billion	-13.64%
2003-12-31	€1.62 Billion ≈ $1.89 Billion	+19.39%
2002-12-31	€1.36 Billion ≈ $1.59 Billion	+29.64%
2001-12-31	€1.05 Billion ≈ $1.22 Billion	+7.44%
2000-12-31	€973.96 Million ≈ $1.14 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Ferrovial S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 5546.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€2.79 Billion	47.14%
Common Stock	€7.00 Million	0.12%
Other Components	€3.12 Billion	52.74%
Total Equity	€5.91 Billion	100.00%

Ferrovial S.A. Competitors by Market Cap

The table below lists competitors of Ferrovial S.A. ranked by their market capitalization.

Company	Market Cap
Interactive Brokers Group Inc NASDAQ:IBKR	$41.47 Billion
Nanya Technology Corp TW:2408	$41.49 Billion
State Street Corp NYSE:STT	$41.56 Billion
Argen-X F:1AE	$41.67 Billion
KB Financial Group KO:105560	$41.34 Billion
Toyota Tsusho Corp NYSE:TYHOY	$41.24 Billion
RECRUIT HLD.UNSP.ADR/02 F:1RHA	$41.23 Billion
LONZA GROUP UNSP.ADR 1/10 F:LO3A	$41.04 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ferrovial S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 6,075,000,000 to 5,908,000,000, a change of -167,000,000 (-2.7%).
Net income of 888,000,000 contributed positively to equity growth.
Dividend payments of 156,000,000 reduced retained earnings.
Share repurchases of 501,000,000 reduced equity.
Other comprehensive income increased equity by 706,000,000.
Other factors decreased equity by 1,104,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€888.00 Million	+15.03%
Dividends Paid	€156.00 Million	-2.64%
Share Repurchases	€501.00 Million	-8.48%
Other Comprehensive Income	€706.00 Million	+11.95%
Other Changes	€-1.10 Billion	-18.69%
Total Change	€-	-2.75%

Book Value vs Market Value Analysis

This analysis compares Ferrovial S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 7.29x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 24.43x to 7.29x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	€2.45	€59.90	x
2005-12-31	€1.95	€59.90	x
2006-12-31	€5.94	€59.90	x
2007-12-31	€6.63	€59.90	x
2008-12-31	€2.68	€59.90	x
2009-12-31	€5.06	€59.90	x
2010-12-31	€7.08	€59.90	x
2011-12-31	€8.37	€59.90	x
2012-12-31	€7.69	€59.90	x
2013-12-31	€7.80	€59.90	x
2014-12-31	€7.48	€59.90	x
2015-12-31	€8.28	€59.90	x
2016-12-31	€7.37	€59.90	x
2017-12-31	€7.53	€59.90	x
2018-12-31	€5.60	€59.90	x
2019-12-31	€5.88	€59.90	x
2020-12-31	€4.27	€59.90	x
2021-12-31	€5.53	€59.90	x
2022-12-31	€5.69	€59.90	x
2023-12-31	€5.17	€59.90	x
2024-12-31	€8.39	€59.90	x
2025-12-31	€8.22	€59.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ferrovial S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 15.03%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.22%
• Asset Turnover: 0.35x
• Equity Multiplier: 4.64x
Recent ROE (15.03%) is above the historical average (13.58%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	-2.01%	-4.78%	0.06x	6.47x	€-138.42 Million
2005	36.20%	4.63%	0.88x	8.91x	€300.98 Million
2006	40.69%	11.54%	0.23x	15.64x	€1.08 Billion
2007	18.76%	5.02%	0.28x	13.19x	€342.50 Million
2008	2.09%	0.23%	0.29x	30.53x	€-124.90 Million
2009	-3.08%	-0.76%	0.27x	14.77x	€-390.70 Million
2010	41.64%	17.77%	0.28x	8.33x	€1.64 Billion
2011	20.67%	17.04%	0.32x	3.74x	€655.20 Million
2012	12.58%	9.24%	0.35x	3.94x	€145.80 Million
2013	12.71%	8.90%	0.36x	3.99x	€155.10 Million
2014	7.09%	4.57%	0.35x	4.49x	€-165.20 Million
2015	11.89%	7.42%	0.38x	4.19x	€114.20 Million
2016	6.72%	3.49%	0.46x	4.18x	€-183.70 Million
2017	8.25%	8.81%	0.22x	4.18x	€-96.30 Million
2018	-10.55%	-8.33%	0.25x	5.04x	€-931.00 Million
2019	6.23%	4.43%	0.25x	5.60x	€-162.40 Million
2020	-13.30%	-6.49%	0.28x	7.26x	€-742.70 Million
2021	18.48%	10.82%	0.28x	6.15x	€343.20 Million
2022	3.09%	1.68%	0.29x	6.39x	€-284.30 Million
2023	12.21%	5.40%	0.32x	6.99x	€83.40 Million
2024	53.32%	35.41%	0.32x	4.77x	€2.63 Billion
2025	15.03%	9.22%	0.35x	4.64x	€297.20 Million

Industry Comparison

This section compares Ferrovial S.A.'s net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $753,846,631
Average return on equity (ROE) among peers: -55.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ferrovial S.A. (FER)	€7.67 Billion	-2.01%	2.58x	$41.45 Billion
ACS Actividades de Construccion y Servicios SA (ACS)	$2.22 Billion	20.35%	4.67x	$26.81 Billion
Acciona (ANA)	$3.43 Billion	9.45%	2.18x	$13.96 Billion
CLERHP Estructuras S.A (CLR)	$-1.78 Million	0.00%	0.00x	$100.82 Million
Elecnor S.A (ENO)	$603.37 Million	14.52%	5.03x	$3.31 Billion
Enerside Energy S.A. (ENRS)	$6.44 Million	-601.62%	10.66x	$24.75 Million
Grupo Ezentis S.A (EZE)	$221.71 Million	7.21%	1.43x	$53.57 Million
Grenergy Renovables S.A (GRE)	$16.04 Million	21.90%	2.58x	$3.42 Billion
Grupo Empresarial San Jose SA (GSJ)	$182.14 Million	6.64%	4.12x	$508.50 Million
Duro Felguera (MDF)	$102.75 Million	22.57%	3.69x	$36.71 Million

About Ferrovial S.A.

MC:FER Spain Engineering & Construction

Market Cap

$50.22 Billion

€42.96 Billion EUR

Market Cap Rank

#659 Global

#6 in Spain

Share Price

€59.90

Change (1 day)

+1.05%

52-Week Range

€43.49 - €63.16

All Time High

€63.16