ACS, Actividades de Construcción y Servicios

ACS · BME · EUR

€95.00+3.20%+€2.95

Close · October 2, 2026

At a glance

Revenue growth: +19.75%; 2025 vs 2024
Net income growth: +14.83%; 2025 vs 2024
Net margin: 1.9%; 2024: 2.0%

Financial data

Amounts in millions of EUR; per-share values in EUR; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	49,869	29,396	45,189	27,432	41,297	27,683	42,025	27,179	40,840	24,177	36,498	26,163
Current assets	33,444	13,638	29,400	12,759	26,522	10,879	26,949	10,322	25,490	8,873	23,583	14,106
Cash and equivalents	14,544	10,475	12,100	9,796	9,601	9,414	11,414	8,890	9,416	7,697	9,087	6,959
Short-term investments	1,289	—	1,114	1,379	1,265	1,465	929	1,432	1,354	—	962	2,467
Receivables	14,563	—	13,259	—	12,697	—	11,542	—	11,038	—	9,647	—
Inventory	998	—	874	—	1,035	—	1,024	—	1,023	—	790	—
Net property, plant and equipment	2,647	3,473	2,405	4,095	2,847	4,139	3,003	3,927	2,968	2,460	1,727	2,418
Goodwill	5,062	5,056	5,053	5,023	5,023	5,022	4,754	4,709	4,689	2,797	2,734	2,731
Other intangible assets	1,108	—	843	—	1,051	—	839	—	805	—	547	—
Long-term investments	4,515	—	4,534	—	3,451	—	4,100	—	5,019	—	6,077	—
Current liabilities	26,762	9,320	25,319	8,012	23,104	7,160	23,116	6,886	21,641	4,219	19,589	6,073
Accounts payable	10,707	—	9,746	—	9,014	—	9,387	—	8,342	—	7,252	—
Long-term debt	13,062	11,430	11,403	11,373	10,567	10,868	10,398	10,463	10,654	9,133	8,294	8,412
Total debt	16,300	13,626	15,452	13,478	14,239	13,758	14,337	12,757	13,685	10,524	—	—
Total liabilities	43,521	24,103	40,013	22,486	36,879	22,722	36,910	22,582	35,980	18,402	30,868	20,078
Total equity (incl. minority)	6,348	5,293	5,176	4,946	4,418	4,961	5,115	4,597	4,860	5,775	5,631	6,085
Retained earnings	5,166	—	8,673	—	4,261	—	8,331	—	4,139	—	7,790	—
Minority interest	306	333	361	298	230	327	401	328	328	402	301	389