Ferrovial delivers strong performance in first nine months of 2026

Impact · against what's priced in

Ferrovial's 9M 2026 results demonstrate significant operating leverage, with adjusted EBITDA growth (21.8%) doubling revenue growth (10.8%). The combination of a record €19 billion construction order book and a substantial CAD 1.05 billion dividend from 407 ETR provides a strong catalyst for near-term cash flow and long-term revenue visibility.

FER.MC+0.70

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In context

The company achieved significant margin expansion with adjusted EBITDA growing 21.8% against 10.8% revenue growth, while the construction division beat its long-term EBIT margin target of 3.5% by reaching 4.1%.

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• infrastructure▲45%
• earnings▲35%
• FER.MC
• airports
• construction
• ebitda
• highways
• north america