Ferrovial reports 10.8 percent growth: what it means for Ferrovial stock

Published on 10/28/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferrovial's 9M 2026 revenue rose 10.8 percent to EUR 7.4 billion on a like-for-like basis. Ferrovial stock gets a fresh benchmark.

Operating growth and project scale

Ferrovial reported EUR 7.4 billion in nine-month revenue on October 27, 2026.
Its construction order book reached EUR 19.0 billion, while the adjusted EBIT margin was 4.1 percent.
Ferrovial's results conference call is scheduled for October 28, 2026, at 3:00 p.m. CET.

Ferrovial, NL0015001FS8, Illustration mit AI erstellt.

Ferrovial (ISIN NL0015001FS8) reported EUR 7.4 billion in revenue for the first nine months of 2026, up 10.8 percent on a like-for-like basis, according to the company's Ferrovial release dated October 27, 2026. Adjusted EBITDA reached EUR 1.2 billion, an increase of 21.8 percent on the same basis, giving Ferrovial stock a new operating benchmark.

Growth is led by infrastructure

Highways revenue increased 14.7 percent like-for-like to EUR 1.1 billion in the nine-month period. The division also generated EUR 816 million of adjusted EBITDA, up 12.4 percent, while Ferrovial received EUR 524 million in dividends from projects.

Construction supplied a second support. Its adjusted EBIT margin reached 4.1 percent in the first nine months, above Ferrovial's long-term target of 3.5 percent, and its order book reached EUR 19.0 billion. North America represented 51 percent of that backlog, followed by Poland at 21 percent and Spain at 15 percent.

What does the order book mean?

The figures point to a business mix combining recurring toll-road income with a growing construction pipeline. The comparison is useful because the order book reached an all-time high while the Construction margin exceeded the 3.5 percent long-term target, although both measures remain exposed to project timing and execution.

Three dated developments

On September 30, 2026, Ferrovial's consortium reached commercial close on the I-24 Southeast Choice Lanes project in Tennessee. On October 6, 2026, a Ferrovial-led consortium became preferred bidder for the EUR 2.9 billion D35 highway project in the Czech Republic. On October 15, 2026, another consortium was selected for Georgia's I-285 East Express Lanes project.

Next investor date

Ferrovial's investor-relations calendar confirms that the nine-month results conference call and webcast will take place on October 28, 2026, at 3:00 p.m. CET, with an investor presentation covering the Tennessee and Atlanta projects, according to Ferrovial.

Execution remains the key measure

Ferrovial's nine-month figures combine double-digit operating growth with a sizeable project pipeline. Investors will be able to test that combination against management's explanations of financing, construction timing and the North American concessions during the October 28 conference call.

The further course of trading is shown by the continuously updated real-time quote of Ferrovial stock.