Operating Income for Ferrovial (FER)
According to Ferrovial's latest reported financial statements, the company's current operating income (TTM) is $2.20B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

FER
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.20B
YoY change
-62.1%
5Y CAGR
+44.2%
Peak year (2010)
$3.53B
Cumulative operating income
$23.19B
Operating Income history chart for Ferrovial (FER) from 2004 to 2025
Operating Income history table for Ferrovial (FER) from 2004 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.18B | -62.1% | ||
| 2024 | $3.11B | +397.4% | ||
| 2023 | $625.00M | +47.8% | ||
| 2022 | $423.00M | -71.4% | ||
| 2021 | $1.48B | +682.5% | ||
| 2020 | $189.00M | -52.9% | ||
| 2019 | $401.00M | -8.4% | ||
| 2018 | $438.00M | -31.3% | ||
| 2017 | $638.00M | -31.1% | ||
| 2016 | $926.00M | +2.8% | ||
| 2015 | $901.00M | +21.3% | ||
| 2014 | $743.00M | -10.2% | ||
| 2013 | $827.00M | +8.8% | ||
| 2012 | $760.00M | +5.0% | ||
| 2011 | $724.00M | -79.5% | ||
| 2010 | $3.53B | +303.3% | ||
| 2009 | $876.00M | -52.2% | ||
| 2008 | $1.83B | -4.1% | ||
| 2007 | $1.91B | +31.0% | ||
| 2006 | $1.46B | — | ||
| 2004 | $216.50M | — |
Operating Income values are taken from Ferrovial's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
Analysis
In 2025, Ferrovial (FER) operating income totalled $1.18B – plunged 62.1% year-over-year.
Through 2020–2025 (5 years), Ferrovial operating income delivered a +44.2% annualised rate; with the latest reading among the more recent periods of the dataset.
Ferrovial operating income plunged from $3.53B in 2010 to $1.18B in 2025, a 66.7% drawdown.
2010 marks the peak operating income at $3.53B, with the historical low of $189.00M recorded in 2020.
Within Industrials, Ferrovial (FER) ranks 8th among 8 peers we track. The peer median for operating income is $8.59B.
Ferrovial Operating Income by Year
Ferrovial Operating Income 2025: $1.18B
Ferrovial operating income in 2025 was $1.18B, plunged 62.1% below 2024.
Ferrovial Operating Income 2024: $3.11B
Ferrovial operating income in 2024 was $3.11B, surged 397.4% from 2023.
Ferrovial Operating Income 2023: $625.00M
Ferrovial operating income in 2023 was $625.00M, surged 47.8% from 2022.
Ferrovial Operating Income 2022: $423.00M
Ferrovial operating income in 2022 was $423.00M, plunged 71.4% below 2021.
Ferrovial Operating Income 2021: $1.48B
Ferrovial operating income in 2021 was $1.48B.
See more financial history for Ferrovial (FER).
Sector peers — Operating Income
Companies in the same sector as Ferrovial, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Ferrovial's operating income?
- Latest reported operating income for Ferrovial (FER) is $2.20B (period ending December 31, 2025).
How has Ferrovial operating income changed year-over-year?
- Ferrovial (FER) operating income changed -62.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Ferrovial operating income?
- Ferrovial (FER) operating income compound annual growth rate is +44.2% over the most recent 5 years available.
When did Ferrovial operating income hit its highest annual value?
- Ferrovial operating income reached its highest annual value of $3.53B in 2010.
What was Ferrovial operating income in 2024?
- Ferrovial (FER) operating income in 2024 was $3.11B.
What was Ferrovial operating income in 2025?
- Ferrovial (FER) operating income in 2025 was $1.18B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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