Annual rank47
Germany · Industrials
Hochtief
Develops, invests in, designs, constructs and operates projects in advanced technology, energy transition, sustainable mobility and large-scale civil engineering.
FY2022–FY2025
FY2022–FY2025
FY2022–FY2025
current context only
Company profile
From construction manager to infrastructure co-investor
HOCHTIEF is not one contractor playing the same role on every asset. The group works through Turner in North American buildings and advanced technology, CIMIC companies in Australia and Asia, HOCHTIEF Infrastructure in Europe and a 38.2% stake in North American civil engineer FlatironDragados. Depending on the project, it may lead a construction consortium, deliver through a specialist subsidiary, co-invest or remain involved in operation; it does not own or operate every bridge, railway or power asset it builds.
Transport megaprojects
A bridge between two nations, three tunnels beneath Munich
The Gordie Howe International Bridge opened on 3 August after eight years of construction. It is North America's longest cable-stayed bridge and the first binational public-private partnership between the United States and Canada. FlatironDragados, in which HOCHTIEF holds 38.2%, served as lead contractor; the Windsor-Detroit Bridge Authority is the contracting authority. In Munich, a separate 50:50 joint venture with Implenia, under HOCHTIEF Infrastructure's technical leadership, is constructing two traffic tunnels, a rescue tunnel, an underground station and a track underpass, with completion scheduled for May 2033. HOCHTIEF is not presented as the bridge authority or rail operator.
- Map the operating companies Turner, CIMIC, HOCHTIEF Infrastructure, FlatironDragados and Abertis
- Cross the Gordie Howe bridge Opening, lead-contractor role and binational P3 boundary
- Go below central Munich Two traffic tunnels, a rescue tunnel and an underground station
- ▶ VideoWatch: HOCHTIEF's global project model Official 2026 English film on technology, energy and mobility
Digital infrastructure
A five-gigawatt campus and a fifteen-site edge experiment
At the September 2025 YEXIO opening, HOCHTIEF reported delivered data-centre projects totalling around 6 GW. Turner is helping deliver Meta's expanded Richland Parish campus in Louisiana, now planned at 5 GW across nearly 10 million square feet; interior buildout is under way in the first buildings. Meta describes more than USD 50 billion of campus investment, not Turner's contract value. In Germany, the first YEXIO edge site entered operation in September 2025: HOCHTIEF PPP Solutions and Palladio Partners delivered it, while HOCHTIEF PPP Solutions jointly operates the network with Thomas-Krenn.AG. Heiligenhaus remains the first operating site in a planned fifteen-site network.
- See the global data-centre platform Turner in the US, YEXIO in Europe and CIMIC in Asia-Pacific
- Open the first YEXIO site Delivery partners, operating boundary and planned network
- Enter Meta's Louisiana campus Five gigawatts, nearly ten million square feet and Turner's delivery role
- ▶ VideoWatch: inside Turner's data-centre work Short official language-neutral construction montage
Energy infrastructure
A solar farm on a gold mine and 148 kilometres of new grid
At the 50 MW Kidston Solar Farm in Queensland, CIMIC company UGL delivered engineering, procurement, construction, testing and commissioning and now operates the facility; HOCHTIEF reports 535,000 panels and electricity equivalent to 26,500 households. For Transgrid's HumeLink West, a UGL and CPB Contractors joint venture is delivering 148 kilometres of 500 kV transmission line, two new substations and an existing-substation upgrade. The same site uses portable EcoPro solar-and-battery systems designed by CPB; the joint venture builds the grid assets but does not own them. A UGL film from White Rock makes the design-build-operate model visible.
- Visit Kidston Solar Farm UGL's engineering, construction and operating roles on a former mine
- Trace HumeLink West Transmission length, voltage, substations and joint-venture scope
- Unfold a portable solar worksite CPB's modular EcoPro power systems at HumeLink West
- ▶ VideoWatch: UGL delivers a solar farm English project film on design, construction, operation and controls
Critical minerals
Invest, engineer and build a planned lithium chain
For Vulcan Energy's planned Lionheart project in Germany, HOCHTIEF agreed an investment package of up to EUR 169 million. Sedgman and HOCHTIEF Infrastructure were appointed engineering, procurement and construction-management contractor for a lithium-extraction plant and central lithium plant, while HOCHTIEF is preferred for civil works. The planned annual capacity is 24,000 tonnes of battery-grade lithium hydroxide monohydrate, which the companies equate to about 500,000 electric-vehicle batteries. These are future targets, not current production, and HOCHTIEF has not been named plant operator.
- Read the Vulcan role map Investment, EPCM appointment, civil works and future capacity
- Explore the Lionheart concept Geothermal brine, renewable energy and planned lithium output
- Connect projects to strategy Data centres, energy transition, mobility and critical minerals
- See when HOCHTIEF invests Public-private partnerships, concessions and lifecycle roles
Official profile sources: A world full of opportunities | HOCHTIEF · Home | HOCHTIEF · History | HOCHTIEF
Current 2026 update
What is changing at Hochtief in 2026?
AI demand is enlarging Turner's projects; separate August awards place HOCHTIEF companies in power and fibre networks that support digital infrastructure, while the Thiess transaction restores full ownership of the mining-services platform.
The change in one sentence
AI-related work now spans campuses, grid capacity and fibre, while Thiess is fully owned again.
Turner is delivering hyperscale campuses; other group companies are working on enabling networks, and CIMIC has brought its mining-services platform back to 100% ownership.
Four lenses on 2026
The same four-quadrant format used in the Company profile.
01 · AI infrastructure
Turner's data-centre scale now reaches a five-gigawatt campus
Meta expanded its Richland Parish campus in Louisiana to a planned 5 GW across nearly 10 million square feet, with Turner helping deliver it and interior buildout under way in the first buildings. Meta describes more than USD 50 billion of campus investment; this is not a disclosed Turner contract value. At H1, HOCHTIEF said data-centre orders had more than doubled over twelve months and HOCHTIEF said the guidance increase was mainly driven by Turner, which was experiencing very strong data-centre demand.
- Current signal5 GW · nearly 10m sq ft · data-centre orders more than doubled LTM
- Why it mattersAI demand is visible in both project scale and raised guidance, while Turner's contract value and project-level margins remain undisclosed.
- Meta Louisiana expansion HOCHTIEF · 16 July 2026
- H1 orders, data centres and guidance HOCHTIEF · 27 July 2026
02 · Mining services
Thiess returns to full ownership inside CIMIC
On 1 July, CIMIC completed the acquisition of all outstanding interests in Thiess from Elliott-advised funds for AUD 1.18 billion. Thiess continues as a global mining-services business within CIMIC and, indirectly, HOCHTIEF. The issuer expects a slightly positive impact on 2026 operational net profit, but the reviewed release does not quantify integration costs or the effect on debt.
- Current signalAUD 1.18bn · 100% ownership · slightly positive 2026 impact expected
- Why it mattersThe group now controls the full mining-services platform; later reports must show the integration costs and effects on earnings, cash and debt.
- Thiess returns to full ownership HOCHTIEF · 1 July 2026
03 · Power and connectivity
The data-centre build-out is extending into grid and fibre work
On 24 August, the HOCHTIEF-Murphy joint venture won work on National Grid's northwest London upgrade: 60 kilometres of cable infrastructure, substation works, overhead-line replacement and high-voltage tunnel work intended partly to connect new data centres. The same day, CIMIC company UGL was selected for survey, design, engineering and validation on Vocus's first proposed Sydney-Melbourne fibre route. Vocus has awarded early development work, not the later construction stages.
- Current signal60km London cable programme · Sydney-Melbourne fibre early works
- Why it mattersHOCHTIEF companies are participating in the electricity and connectivity layers around digital infrastructure; the Vocus construction scope is not yet awarded.
- London power-grid upgrade HOCHTIEF · 24 August 2026
- Vocus fibre early works HOCHTIEF · 24 August 2026
04 · What to watch
Three questions for the next disclosures
The next reports should separate project scale from contract economics, full ownership from integration results and early development work from construction awards.
- Data-centre executionHow do order conversion, project margins and cash evolve as Turner delivers increasingly large AI campuses?
- Thiess integrationWhat earnings, cash and debt impact is reported after the AUD 1.18 billion acquisition?
- Network follow-throughDoes Vocus progress from early works to construction, and how much new grid work follows data-centre connections?
Annual record
Ranking history
Future editions add rows; they do not rewrite the 2026 record.
| Edition | Measurement period | Rank | Revenue growth | Net-income growth | Stock return |
|---|---|---|---|---|---|
| 2026 | FY2022–FY2025 | 47 | +46% | +87% | +625% |