20-F 2026-02-25 ↗ compared with the previous 20-F 20-F 2025-02-28 ↗
Technical events and factor profile →
Ferrovial warns of government budget cycles and audits impacting projects, and intensifying competition in its core market for toll road investment.
| After the 20-F | 1 session | 5 sessions | 20 sessions |
|---|---|---|---|
| FER | -0.5% | -5.7% | -13.8% |
| Nasdaq-100 (QQQ) | +1.4% | -1.0% | -3.8% |
| Difference | -1.9% | -4.7% | -10.0% |
From the close before the filing. Historical data, not a prediction.
Although as of December 31, 2024, we were not yet required to make a formal assessment of the effectiveness of our internal control over financial reporting in accordance with the requirements of Section 404 of the SOX Act, we identified in the “2024 20-F” one material weakness as defined under the Exchange Act and by the U.S. Public Company Accounting Oversight Board, or PCAOB, in our internal control over financial reporting. The material weakness identified related specifically to insufficient monitoring controls in relation to the activity of privileged users of IT applications. The material weakness did not result in a restatement of our prior year financial statements.
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | €9.6B | €9.1B | €8.5B | €7.6B |
| YoY growth | +5.2% | +7.4% | +12.8% | — |
| Gross margin | — | — | — | — |
| Operating margin | — | 34.0% | 7.3% | 5.6% |
| Net income | €888M | €3.2B | €341M | €188M |
| Diluted EPS | 1.24 | 4.47 | 0.46 | 0.25 |
XBRL data filed with the SEC. The fourth fiscal quarter is calculated as the full year minus the previous three quarters.
0 = the lowest in the universe, 100 = the highest. It describes how the stock has behaved, not whether to buy or sell it. Screen stocks by factors
More cautious than in the previous 20-F (2025-02-28: +9, -9 points)
20-F of 2026-02-25 · 14.5% positive sentences, 14.2% negative · 400 sentences analysed
Index from −100 to +100 calculated with FinBERT on the results discussion (MD&A). The change matters more than the level: some sectors always sound more cautious.
Source: SEC EDGAR. Automatic comparison of the risk factors section; it may contain extraction errors. Always check the original document. For information purposes only; not investment advice.