Overview
Balfour Beatty is an international infrastructure group that finances, develops, builds, maintains and operates infrastructure. Its activities span construction, support services and infrastructure investments, with work across buildings and essential infrastructure including roads, railways, and water, waste and energy facilities. Its core geographies are the UK, the US and Hong Kong.[1][2]
The company’s stated purpose is “Building New Futures.” It opened for business in London in 1909. In FY2025, Balfour Beatty reported revenue of £10.767 billion including its share of joint ventures and associates, or £9.489 billion excluding those shares, and highlighted a workforce of 26,000 employees. FY2025 is its latest annual reporting year identified as of 4 October 2026.[3][4][5][6] [1][2][4][3][5][6]
Products & services
Balfour Beatty’s offerings are construction and infrastructure services rather than a portfolio of separately identified manufactured products. Its Buildings work covers commercial, healthcare, education, retail and residential projects, with design-and-build, mechanical and electrical engineering, shell-and-core construction, fit-out and interior refurbishment. Typical building contracts run 12–36 months.[7]
Its Infrastructure services include highways, railways, and waste, water and energy assets. Highway capabilities include road design and construction, widening and motorway conversion. Rail work spans system design and construction management, track, electrification and power supply for high-speed, freight, mixed-traffic, commuter, metro and light-rail networks. The company also designs, upgrades, manages and maintains electricity, rail and highway infrastructure; transmission and distribution work includes overhead lines, underground cabling, substations, converter stations and distribution networks.[7][8][9][10]
A named offering is the urban grid electric-vehicle charging project in Kent: a 20-year county council concession to install 10,000 on-street chargers.[11] [7][11][8][9][10]
Geographic presence
For the 2025 reporting year, Balfour Beatty reported Construction Services revenue of £3.112bn in the UK, £4.509bn in the US and £1.090bn for Gammon. These represented approximately 35.7%, 51.7% and 12.5% of Construction Services regional revenue, respectively—not of Group-wide revenue. Group revenue was £10.767bn, and the reviewed reporting did not provide a comparable Group-wide revenue split by geography.[12][13]
The company identifies the UK, US and Hong Kong as principal workforce geographies and reported 26,000 Group employees in 2025; a regional employee breakdown was not identified.[3][14] Its office directory lists locations in the UK, US and Hong Kong.[15][16][17] [12][13][3][14][15][16][17]
Business segments
Balfour Beatty reports three principal operating segments. Construction Services builds assets for public- and private-sector customers, including buildings and infrastructure such as highways, railways, and water, waste and energy facilities. Support Services maintains, upgrades and manages existing utility and infrastructure assets. Infrastructure Investments invests in and operates infrastructure assets and includes housing development.[18][19][13]
Using 2025 revenue including the Group’s share of joint ventures and associates (£10,767m), Construction Services generated £8,711m, or approximately 80.9%; Support Services £1,427m, or 13.3%; and Infrastructure Investments £629m, or 5.8%. These percentages are calculated from reported segment revenue and rounded.[19][20]
Construction Services is also presented by business/geography: UK Construction (£3,112m; approximately 28.9% of Group revenue), US Construction (£4,509m; 41.9%) and Gammon (£1,090m; 10.1%). These are components of Construction Services, not additional top-level segments. The company also discloses revenue by geographical market—UK, US and rest of world—as a separate revenue disaggregation, rather than an alternative operating-segment structure.[19][21][13] [18][19][21][13][20]
Company history
Balfour Beatty was founded in London on 12 January 1909 by George Balfour and Andrew Beatty. Its early engineering projects included the Blackwater dam, completed in 1917, and the Lochaber hydro-electric works, begun in 1922.[5]
The company became part of BICC in 1969 and entered the US market through its 1986 acquisition of Heery. It adopted the Balfour Beatty plc name in 2000, having previously been BICC plc.[5][22]
From 2003 to 2007, Balfour Beatty expanded through acquisitions including Mansell, Birse and US-based Centex Construction, and acquired Skanska’s interest in the Gammon joint venture in 2004. In 2014, it sold its professional-services business, Parsons Brinckerhoff, to WSP Global.[5][23][24][25][26]
In September 2025, Philip Hoare succeeded Leo Quinn as Group Chief Executive.[27][28] [5][22][23][24][25][26][27][28]
Sources
- BALFOUR BEATTY — Press release (2025 Y)
- BALFOUR BEATTY — Full financial report (2024 Y)[2][7]
- ar25.balfourbeatty.com[3]
- www.balfourbeatty.com[5]
- www.balfourbeatty.com[6]
- www.balfourbeatty.com[8]
- www.balfourbeatty.com[9]
- www.balfourbeatty.com[10]
- BALFOUR BEATTY — Presentation (2025 Y)[11][12]
- www.balfourbeatty.com[13]
- www.balfourbeatty.com[14]
- www.balfourbeatty.com[15]
- www.balfourbeatty.com[16]
- www.balfourbeatty.com[17]
- www.balfourbeatty.com[20]
- www.balfourbeatty.com[22]
- www.balfourbeatty.com[23]
- www.balfourbeatty.com[24]
- www.balfourbeatty.com[25]
- www.balfourbeatty.com[26]
- www.balfourbeatty.com[27]
- www.balfourbeatty.com[28]
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