Ferrovial SE

FERNASDAQIndustrials● Active

$66.21

$-0.60(-0.90%)

Market Cap$47.7B

P/E Ratio—

52W High$74.79

52W Low$50.1

Avg Volume1.4M

Open$67.37

Beta0.80

Overview

Ferrovial SE (FER) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FER · free cash flow · updated Jun 8, 2026

Core FCF metrics

FER · FCF · TTM · margin & CAGR

Free cash flow was $1.74B for FY2025 (fiscal year ending 2025-12-31), up 63.0% year-over-year The FCF margin was 18.1%. Five-year CAGR stands at +12.2%.

FY2025 Free Cash Flow$1.74B▲ +63.0% YoY

Trailing 12M (TTM)$925.0Mtrailing 4 quarters sum

FCF Margin18.1%$1.74B ÷ revenue

3-Year CAGR+24.2%FY2022 → FY2025

5-Year CAGR+12.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FER · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.61B(187M)$1.74B▲ +63.0%18.1%

FY2024$1.29B(226M)$1.07B▼ 9.3%11.7%

FY2023$1.26B(86M)$1.18B▲ +29.8%13.8%

FY2022$1.00B(95M)$907.0M▲ +32.2%12.0%

FY2021$810.0M(124M)$686.0M▼ 29.8%10.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FER · P/FCF · FCF yield · FCF per share

Ferrovial SE (FER) trades at a FCF yield of 3.47% and a price-to-free-cash-flow ratio of 53.0x. FCF per share stands at $1.25, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.47%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.25

TTM FCF ÷ Shares Outstanding

Price / FCF

x53.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x33.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

FER · cash flow statement · operating / investing / financing

For FY2025, Ferrovial SE generated $1.61B in operating cash flow and spent 187M in capital expenditures, yielding $1.74B in free cash flow.

Operating Activities

+$1.61B

Cash from core business operations

2025-12-31

Investing Activities

−$1.03B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.03B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.61B) − |CapEx| (187M) = FCF ($1.74B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

FER vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ferrovial SEYOU

FER

$1.74B+63.0%18.1%

17%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ferrovial SE (FER) reported free cash flow of $1.74B for FY2025 (fiscal year ending 2025-12-31), up 63.0% year-over-year. The FCF margin was 18.1%.

Based on available data, Ferrovial SE has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.74B in FY2025. The 5-year CAGR stands at +12.2%.

Ferrovial SE's FCF yield is 3.47% and price-to-FCF ratio is 53.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FER free cash flow · 8 questions

Ferrovial SE free cash flow was $1.74B for FY2025, up 63.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $925.0M.

FER free cash flowFER FCFFER FCF 2025FER free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ferrovial SE · Ferrovial SE SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026