Api Group vs Ferrovial
Ferrovial is the larger business, with $10.88bn of revenue in fiscal 2025 against $7.91bn for Api Group (1.4 times as much). Api Group grew faster (12.7% against 10.0%). Ferrovial kept more of each dollar of sales as profit: a net margin of 9.2% against 3.8%. Api Group carries less debt relative to equity (81.5% against 176.5%).
| Latest fiscal year | Api GroupAPG, 2025 | FerrovialFER, 2025 |
|---|---|---|
| Revenue | $7.91bn | $10.88bn |
| Revenue growth | 12.7% | 10.0% |
| Net income | $302m | $1.00bn |
| Operating margin | 7.0% | — |
| Net margin | 3.8% | 9.2% |
| Return on equity | 9.5% | 15.2% |
| Free cash flow | $663m | — |
| Cash | $912m | $5.01bn |
| Total debt | $2.78bn | $12.24bn |
| Debt to equity | 81.5% | 176.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $75.0m | — |
| Employees | — | — |
| Market value | $20.12bn | $41.40bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 33 (Weak) | — |
| Insider trades, 12 months | 3 buys, 47 sales | 0 buys, 0 sales |