External Sales was Ferrovial’s largest revenue line in fiscal 2025, bringing in $9.45B of $9.74B (97%).
| Sales channels [axis] | FY 2023 | FY 2024 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| External Sales | $6.38B | $6.92B | $8.87B | $9.45B |
| Intersegment Sales | $489.00M | $315.00M | $315.00M | $285.00M |
| Total | $6.87B | $7.23B | $9.18B | $9.74B |
Ferrovial brought in $9.74B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 6.0% from $9.18B in fiscal 2024. External Sales was the largest at $9.45B (97.1%), ahead of Intersegment Sales at $285.00M (2.9%).
Compared with fiscal 2024, External Sales grew 6.6% to $9.45B, while Intersegment Sales fell 9.5% to $285.00M. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $6.87B to $9.74B, a compound annual growth rate of 19.0%. External Sales' share of the total rose from 92.9% to 97.1%.
Construction Division was Ferrovial’s largest segment in fiscal 2024, bringing in $6.92B of $9.52B (73%).
| Segment | FY 2023 | FY 2024 |
|---|---|---|
| Construction Division | $6.38B | $6.92B |
| Toll Roads Division | $1.08B | $1.25B |
| Corporation Division | $350.00M | $866.00M |
| Energy & Mobility Infrastructures Division | $207.00M | $538.00M |
| Airports Division | $80.00M | $173.00M |
| Revenue Adjustments | -$233.00M | -$224.00M |
| Total | $7.87B | $9.52B |
Ferrovial brought in $9.52B from its six segments in fiscal 2024, the year ended December 31, 2024. That was up 21.0% from $7.87B in fiscal 2023. Construction Division was the largest at $6.92B (72.7%), ahead of Toll Roads Division at $1.25B (13.1%) and Corporation Division at $866.00M (9.1%). The other two segments brought in $711.00M combined.
Compared with fiscal 2023, Energy & Mobility Infrastructures Division grew fastest, up 159.9% to $538.00M. Every segment above 2% of revenue grew.
The total is net of Revenue Adjustments, which took $224.00M off revenue in fiscal 2024.
United States was Ferrovial’s largest region in fiscal 2023, bringing in $2.88B of $8.52B (34%).
| Geography | FY 2023 |
|---|---|
| United States | $2.88B |
| Poland | $2.16B |
| Spain | $1.48B |
| Other Countries | $1.07B |
| United Kingdom | $771.00M |
| Canada | $161.00M |
| Total | $8.52B |
Ferrovial brought in $8.52B from its six regions in fiscal 2023, the year ended December 31, 2023. United States was the largest at $2.88B (33.8%), ahead of Poland at $2.16B (25.4%) and Spain at $1.48B (17.3%). The other three regions brought in $2.00B combined.
Ferrovial (FER) reports its revenue by sales channels [axis], by segment and by geography. In fiscal 2025, External Sales was its largest revenue line, bringing in $9.45B (97.1% of the total), followed by Intersegment Sales at $285.00M (2.9%).
External Sales was Ferrovial's largest revenue line in fiscal 2025, bringing in $9.45B, or 97.1% of the $9.74B total across its two revenue lines.
Construction Division was Ferrovial's largest segment in fiscal 2024, bringing in $6.92B, or 72.7% of the $9.52B total across its six segments.
United States was Ferrovial's largest region in fiscal 2023, bringing in $2.88B, or 33.8% of the $8.52B total across its six regions.
External Sales grew faster than Intersegment Sales in fiscal 2025, up 6.6% from $8.87B to $9.45B. Intersegment Sales fell 9.5% to $285.00M.
Every figure comes from Ferrovial's annual financial filings, as reported. Each line keeps the name Ferrovial gives it, and years follow its fiscal calendar.
Ferrovial's revenue by sales channels [axis] goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.