Hochtief stock advances on a strong backlog and steady earnings
Published on 07/17/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hochtief (ISIN DE0006070006) is anchored by EUR 35.3 billion in revenue for 2024, EUR 1.1 billion in EBIT, and a EUR 65.1 billion backlog at 31 December 2024. The engineering and construction group also reported a net cash position of EUR 746 million and a book-to-bill ratio of 1.8x for 2024, which gives the stock a numbers-first profile even without a fresh catalyst.
EUR 65.1 billion backlog
The backlog of EUR 65.1 billion at 31 December 2024 matters because it was built on a 1.8x book-to-bill ratio in 2024, showing that new work kept outrunning delivery. Revenue of EUR 35.3 billion in 2024 and EBIT of EUR 1.1 billion in the same year show that the order book is not just large, but also tied to a sizeable operating base.
Net cash of EUR 746 million at 31 December 2024 adds another layer of balance-sheet support. For Hochtief stock, that combination of backlog, profit, and liquidity is more relevant than a broad business description.
Margin and cash matter
Hochtief reported an EBIT margin of 3.1% in 2024, up from 2.8% in 2023, which is a clear quantified comparison from one year to the next. Net profit attributable to shareholders reached EUR 623 million in 2024 versus EUR 515 million in 2023, another year-on-year increase that supports the earnings story.
The company also said operating cash flow was EUR 1.4 billion in 2024, compared with EUR 1.2 billion in 2023. Those figures show why the market usually gives more weight to execution and cash conversion than to simple top-line growth in this type of business.
Hochtief backlog and earnings snapshot
Key 2024 figures show why the order book and cash generation remain the core valuation anchors for Hochtief stock.
Construction tied to execution
Hochtief's 2024 revenue of EUR 35.3 billion was supported by a business mix that still depends on disciplined project delivery and margin control. The 2024 EBIT of EUR 1.1 billion and the 3.1% margin suggest that scale alone is not the story; conversion into profit is.
The year-end 2024 net cash position of EUR 746 million is also useful for investors tracking resilience through project cycles. A company with this balance-sheet profile can absorb execution swings better than a heavily leveraged contractor.
Building and infrastructure
Infrastructure, transport, and building projects remain the practical engine behind Hochtief's reported numbers, and the 31 December 2024 backlog of EUR 65.1 billion shows the pipeline is broad. The 2024 book-to-bill ratio of 1.8x also points to continued contract intake above recognized revenue.
The company name matters less than the mix of orders and margin in this case. Hochtief stock tracks whether that backlog converts into more than EUR 1.1 billion of EBIT and whether cash generation stays close to the EUR 1.4 billion operating cash flow reported for 2024.
Stock closes on numbers
Hochtief shares on Xetra last closed at EUR 148.10, with a market capitalization of about EUR 11.0 billion as of 17 July 2026. That gives the stock a current market reference point against the 2024 operating base of EUR 35.3 billion in revenue and EUR 65.1 billion in backlog.
Hochtief stock facts
- Company: Hochtief AG
- ISIN: DE0006070006
- Ticker: XETRA: HOT
- Trading venue: Xetra
- Price (as of 17 July 2026, 14:00 UTC): EUR 148.10
- Market capitalization: EUR 11.0 billion (as of 17 July 2026)
- Sector / Industry: Industrials / Construction and Engineering
- Index membership: MDAX
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
