Construction and infrastructure stocks: 6 companies analyzed
The 6 construction and infrastructure companies Fintols covers, such as Ferrovial, ACS and Acciona: P/E, growth, margin and dividend with dated figures.
This group combines construction contractors, engineering firms, toll road and airport concession operators, infrastructure services companies and building materials producers. Construction earns money by delivering projects for clients, usually at thin margins. Concessions work differently: they invest heavily up front and then collect tolls, airport charges or availability payments for many years. Many companies run both, using cash from construction to help fund new concessions. The sector is closely tied to public spending, government infrastructure plans and the bidding process for large international projects.
On the construction side, look at the backlog, which gives visibility, and operating margin, which shows whether the company bid too low to win work. Watch working capital too, because customer prepayments can make cash look better than it is. For concessions, focus on traffic, the remaining life of each contract, how tariffs adjust for inflation and the project debt, which is often non-recourse to the parent. Valuing each business separately, sum-of-the-parts style, tends to help.
Typical risks include cost overruns on big projects, delays, disputes with public clients, regulatory changes to concession terms and traffic declines in a downturn. Higher interest rates also raise financing costs. As a beginner, don’t stop at consolidated earnings. Try to understand how much of the value comes from steady concessions and how much from a far more volatile construction arm. Look at the parent company’s own debt separately from project debt, and check how much cash flows up from the concessions as dividends.
With data as of November 4, 2026, of the 6 construction and infrastructure companies Fintols covers, the largest by market value is Vinci (€61.3 billion), the fastest-growing in its latest quarter is ACS (+12.2% in sales) and the highest dividend yield belongs to Sacyr (4.87%). The typical company in the group trades on a P/E of 21.7x and keeps a net margin of 4.3% (medians). Figures come from Yahoo Finance, the same source the Fintols analysis uses; N/A means the figure is not available.
Construction and infrastructure companies on Fintols
| Company | Market cap | P/E | Revenue growth | Net margin | Dividend yield |
|---|---|---|---|---|---|
| Vinci (DG.PA) | €61.3 billion | 12.4x | +2.3% | 6.7% | 4.64% |
| Ferrovial (FER) | €37.7 billion | 33.7x | +5.2% | 6.1% | 2.15% |
| Saint-Gobain (SGO.PA) | €35.5 billion | 13.5x | -1.1% | 5.8% | 3.27% |
| ACS (ACS) | €22.8 billion | 19.1x | +12.2% | 1.9% | 2.52% |
| Acciona (ANA) | €11.3 billion | 32.2x | +4.0% | 1.6% | 2.73% |
| Sacyr (SCYR) | €3.3 billion | 24.3x | +12.1% | 2.7% | 4.87% |
Construction and infrastructure comparisons
- ACS vs Ferrovial
- Ferrovial vs Saint-Gobain
- Vinci vs Ferrovial
- ACS vs Acciona
- ACS vs Sacyr
- Acciona vs Sacyr
- Acciona vs Ferrovial
- Ferrovial vs Sacyr
Other sectors
- Software and cloud
- Hardware and devices
- Semiconductor
- Internet and media
- Telecom
- Banking
- Financial services
- Insurance
- Healthcare
- Consumer staples
- Retail
- Luxury and apparel
- Restaurant
- Automotive
- Energy
- Utility
- Industrial
- Aerospace and defense
- Travel and leisure
- Materials
- Real estate (REIT)
See all stocks by sector or by index: S&P 500, S&P 100, IBEX 35 and Euro Stoxx 50. Educational content, not investment advice.