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Our list of the largest construction companies in Germany provides you with comprehensive insights into the key players of the German construction industry. In addition to current revenue and employee figures, you will also find valuable information on industry focus, executives, and contact details. The data is conveniently available as an Excel file for direct download.
Quick Answer: In 2025 HOCHTIEF is the largest German construction company
Measured by revenue, HOCHTIEF leads the German construction market in 2025 according to ResearchGermany. The group generated revenues of €27.8 billion in 2023 (Annual Report 2023). Company figures as of December 31, 2024, state €33.3 billion. This places HOCHTIEF well ahead of other major market participants such as STRABAG AG (Germany, 2023: €17.7 billion) and GOLDBECK (2023: €6.3 billion).
As of September 1, 2025, the 2023 annual report was the most recent financial statement filed in the German Federal Gazette/Company Register and is therefore used as a reference for this contribution.
Company Profile
Company: HOCHTIEF Aktiengesellschaft (Headquarters: Essen) – founded 1873
Business areas: Building and civil engineering, transport and energy infrastructure, social/urban infrastructure, high-tech infrastructure (e.g. data centers, semiconductors), PPP/concessions as well as resource services via subsidiaries.
International presence: approx. 97% of revenue generated outside Germany (2023).
Employees: 41,575 (2023, Annual Report); as of Dec 31, 2024: 56,875 (company data).
Shareholder Structure
Majority shareholder is Grupo ACS (75.71% – as of June 2024). Free float 21.07%, treasury shares 3.21%.
Portfolio and Markets
- Building/Civil Engineering & Infrastructure: Bridges, tunnels, stations, roads/highways, airports, ports; often in PPP/concession models.
- Energy Transition & High-Tech: Renewable energy plants, battery factories, power transmission, storage; data centers, 5G/telecom, semiconductor plants.
- Services/Resources: Subsidiaries (e.g. Thiess, Sedgman) for contract mining and mineral processing; UGL for industrial/maintenance services.
- Concessions: 20% stake in Abertis (toll roads, ~8,000 km across several countries).
Regional and Segment Distribution (FY 2023)
- Revenue by divisions: Americas €18.111 billion · Asia Pacific €8.100 billion · Europe €1.339 billion.
- Internationalization: 97% of revenues generated outside Germany.
- Order backlog: €55.3 billion (+11% currency-adjusted); strong inflow across all divisions, including large PPP projects in Europe.
Financials (2023)
- EBIT (adjusted): €909.6 million (previous year €840.7 million).
- Net profit (nominal): €522.7 million (+8.5%).
- Free cash flow from operating activities: €1.14 billion; net financial assets as of Dec 31, 2023: €872 million.
Strategic Priorities
- Focus on growth sectors: High-tech infrastructure (data centers/AI, semiconductors), energy transition (generation, grids, storage), new mobility concepts, biopharma/healthcare.
- Risk management: Expansion of lower-risk contract models (~85% of order backlog) and strong cash conversion.
- ESG & Vision 2045: Climate neutrality by 2045; implementation of the Sustainability Plan 2025 with LTIFR as a key safety indicator.
Historical Milestones (Selection)
- 1873 founded (Helfmann brothers); since 1922 headquarters in Essen.
- International major projects include relocation of Abu Simbel temples (1960s), Jeddah airport (1970s).
- 2000s: Acquisition of Turner (USA) and Flatiron (USA), stake in Leighton/CIMIC (Australia); 2018 entry into Abertis (20%).
Competitor Comparison (Germany, 2023 Revenues – Selection)
| Company | Legal Form | Core Business | Revenue 2023 | Employees 2023 | Headquarters |
|---|---|---|---|---|---|
| HOCHTIEF | AG | Building/Civil Engineering, Infrastructure, PPP | €27.756 billion | 41,575 | Essen |
| STRABAG AG (DE) | AG | Road/Civil Engineering, Specialist Foundations | €17.667 billion | 77,136 | Cologne |
| GOLDBECK | GmbH | Turnkey construction, building construction | €6.341 billion | 11,353 | Bielefeld |
| Max Bögl | GmbH & Co. KG | Building/Civil Engineering, Infrastructure | €2.168 billion | 6,159 | Sengenthal |
| DB Bahnbau Gruppe | GmbH | Rail/Bridge Construction | €1.858 billion | 4,000 | Berlin |
Why HOCHTIEF is Number 1
- Volume & Diversification: Largest revenue among German construction groups, broadly diversified across regions (Americas, Asia Pacific, Europe) and sectors (transport, energy, high-tech, social/urban).
- Strong order backlog: Record-high pipeline (€55.3 billion) securing future performance.
- Leading subsidiaries: Turner (No. 1 in US building construction according to ENR 2023), Flatiron (top civil engineering in USA/Canada), CPB/LAIO (Australia/Asia).
Sources
Company data (as of Dec 31, 2024), HOCHTIEF Annual Report 2023 (financials, segment and market data), competitor data according to provided company overview (revenues/employees 2023).
Also relevant: our report on the latest update of the leading overview of German construction companies.
Image source: Getty Images, 01.09.2025
Last Updated on 5 months ago
