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Spanish infrastructure and renewable-energy group with water desalination and power-generation concessions, mainly in Latin America.
Spanish infrastructure and renewable-energy group with water desalination and power-generation concessions, mainly in Latin America.
In one line: A Spanish renewable energy and water-infrastructure concessions operator.
Moat: narrow (regulatory licence, installed base). Long-term water and energy concession contracts with governments create stable, contracted cash flows.
Headquarters: Madrid, Spain · Employees: 9,642
Size Cox Infrastructure (COXG.MC) is a Spain Utilities company (Alternative Power Generation) with a market value of $1.05B, the 68th largest of 97 Spain companies the cockpit tracks. Shares closed at €11.00 on 6 Nov 2026.
Performance Over six months the shares fell 12.0%, against -30.3% for the median peer and +8.2% for the Spain market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 71.8% over the last twelve months (peer median +10.3%); the operating margin is 8.8% (peer median 22.6%).
Valuation It trades at 10.1× forward earnings against a peer median of 14.5× (6th cheapest of 19).
Capital Return on invested capital runs 2.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.54B | €1.14B | €702M | €581M | €42.6M |
| Revenue growth | — | +62% | +21% | +1,264% | — |
| Gross profit | €308M | €266M | €187M | €160M | -€2.73M |
| EBITDA | €229M | €225M | €183M | €103M | -€5.68M |
| Net income | -€56.8M | €68.2M | €42.2M | €31.7M | -€4.94M |
| Free cash flow | -€64.0M | -€65.1M | -€1.75M | €16.0M | -€14.5M |
| Capital expenditure | €83.7M | €55.3M | €20.0M | €14.8M | €121,000 |
| Total debt | n/a | €390M | €442M | €358M | €18.2M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cox Infrastructure COXG.MC | $1.05B | -12% | +72% | 9% | 10.1× | n/a |
| Acciona ANA.MC | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% |
| Iberdrola IBE.MC | $168B | +16% | +1% | 21% | 21.9× | 11.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | COXG.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.8% | -9.7% | 3rd highest of 21 |
| 6-month return | -12.0% | -30.3% | 4th highest of 20 |
| Distance from 52-week high | -25.2% | -43.8% | 4th highest of 21 |
| Revenue growth (TTM) | +71.8% | +10.3% | 3rd highest of 21 |
| Operating margin | 8.8% | 22.6% | 6th lowest of 21 |
| Forward P/E | 10.1× | 14.5× | 6th cheapest of 19 |
| ROIC minus cost of capital | -2.0 pp | +0.3 pp | 7th lowest of 21 |
| EV / EBITDA | 17.3× | 13.5× | 5th most expensive of 12 |
| Net debt / EBITDA | 12.3× | 4.6× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 8.1× | -2.6% | +9.1% |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 12.2× | 24.1% | +203.3% |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 2,690.0× | n/a | n/a |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 5.7× | -17.2% | +41.9% |
| Guangdong Chant 002616.SZ | China | $617M | -21% | -3% | 7% | 14.1× | -4.3% | +3.8% |
| KPI Green Energy KPIGREEN.NS | India | $615M | -40% | +40% | 30% | 12.0× | n/a | n/a |
| Zhejiang Sunoren Solar Technology 603105.SS | China | $608M | -17% | +8% | 23% | 19.3× | 3.7% | +11.6% |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| Inox Green Energy Services INOXGREEN.NS | India | $537M | -37% | +16% | 2% | n/a | n/a | n/a |
| West 1407.T | Japan | $490M | -34% | +20% | 23% | 8.2× | -4.9% | -3.6% |