Ferrovial SE FER

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
62/100
Moderate

About Ferrovial SE

Ferrovial SE, together with its subsidiaries, engages in the development, construction, and operation of highways and airports in the United States, Poland, Spain, the United Kingdom, Canada, and internationally. It operates through four segments: Construction, Highways, Airports, and Energy. The company is involved in the development, financing, and operation of toll road infrastructure and construction activities, including the design and … Full FER analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.98), suggesting sticky customer base.
  • Cash Generation Consistent Cash generation is consistent (score 0.93), indicating reliable business model.

Key risks

  • ROIC Below WACC or Peers ROIC at 38.3th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.37), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
64

Where FER ranks in Industrials: Engineering, Construction & Infrastructure

Ferrovial SE ranks #17 of 52 scored companies in Industrials: Engineering, Construction & Infrastructure by moat score — the top 33%. The widest moat in the group is Sterling Infrastructure, Inc. (STRL) at 79/100.

Moat scores for companies ranked near FER in Industrials: Engineering, Construction & Infrastructure
# Company Moat score Rating
13 Arcosa, Inc. ACA 64/100 Moderate
14 Great Lakes Dredge & Dock Corpo GLDD 63/100 Moderate
15 Cadeler A/S CDLR 63/100 Moderate
16 Willdan Group, Inc. WLDN 63/100 Moderate
17 Ferrovial SE FER 62/100 Moderate
18 MYR Group, Inc. MYRG 62/100 Moderate
19 KBR, Inc. KBR 62/100 Moderate
20 Granite Construction Incorporat GVA 61/100 Moderate
21 Primoris Services Corporation PRIM 61/100 Moderate

See every General Corporate company ranked by moat score →

How FER scores on the Corporate Default defenses

Pricing Power

Score 64 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 95 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 35 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 45 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 92 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding FER's moat

What is Ferrovial SE's moat score?

Ferrovial SE (FER) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #17 of 52 scored companies in Industrials: Engineering, Construction & Infrastructure, the top 33%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Industrials: Engineering, Construction & Infrastructure. Its strongest defense is Customer Stickiness (95/100) and its weakest is Capital Efficiency (35/100).

How does Ferrovial SE compare with other Industrials: Engineering, Construction & Infrastructure companies?

Ferrovial SE ranks #17 of 52 scored companies in Industrials: Engineering, Construction & Infrastructure by moat score. The widest moat in Industrials: Engineering, Construction & Infrastructure is Sterling Infrastructure, Inc. (STRL) at 79/100. The companies ranked closest are Willdan Group, Inc. (WLDN) at 63 just above it and MYR Group, Inc. (MYRG) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Industrials: Engineering, Construction & Infrastructure. The defenses are then weighted to produce the overall score out of 100.

Why is Ferrovial SE scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Ferrovial SE?

The Corporate Default template measures 6 defenses, and FER scores: Pricing Power (64), Cost Advantage (50), Customer Stickiness (95), Capital Efficiency (35), Resilience (45), Scale & Market Position (92). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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