AECOM

ACM Industrials Engineering & Construction

AECOM’s revenue for fiscal 2025 (year ended September 2025) was $16.1 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 14.2%, EPS fell 167.7%, free cash flow fell 79.0% and total debt rose 7.44%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three; insiders bought in the last twelve months.

58.94 0.15 −0.25%
Market cap
$7.6B
P/E
26.7×
Fwd P/E
15.5×
Dividend yield
2.10%
F-score
7/9
Altman Z
2.63
Beneish M
−2.61
Dividend safety
78/100

Insider Decisions trades per month

Total buys 0.70
Total sells 3.22
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 2 1 — — — —
Sell — 2 — — — — — — — — — —
Insider Ownership 0.56%

Capital & Financial Ratios $m

Market Cap 7,600.00
Revenue 15,393.46
Net Income 338.62
Free Cash Flow 203.75
Net Debt 1,699.30
Current Ratio 1.06
Debt/Equity 1.13
P/E ratio 26.67
Fwd P/E 15.50
P/S ratio 0.49
P/B ratio 3.16
Past 5Y EPS Growth —
This Y EPS Growth (24.22%) (below 0%: weak)
Next Y EPS Growth 59.06% (at or above 15%: strong)
Next Y revenue growth (5.08%) (below 0%: weak)
Next 5Y EPS Growth 11.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 29.02%
10-year low 10-year high
P/S against its own 10 years 38.74%
10-year low 10-year high
P/B against its own 10 years 49.02%
10-year low 10-year high
EV/Sales against its own 10 years 34.87%
10-year low 10-year high
EV/FCF against its own 10 years 97.35%
10-year low 10-year high

Dividends

Payout Ratio 0.57
Annual Dividend Rate 1.24
Annual Dividend Yield 2.10%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.24
0.31
0.31
0.31
0.31
2025 1.04
0.26
0.26
0.26
0.26
2024 0.88
0.22
0.22
0.22
0.22
2023 0.72
0.18
0.18
0.18
0.18
2022 0.60
0.15
0.15
0.15
0.15
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,260 1,581 1,586 1,013
Receivables 2,559 2,953 2,643 2,475
Inventory — — — —
Other 1,620 1,884 1,785 2,115
6,170 7,056 6,730 6,350
2023 2024 2025 Q'26
Payables 2,191 2,560 2,261 2,382
ST’ Debt 86 64 62 60
Other 1,234 1,334 1,088 1,129
5,850 6,374 5,929 6,010

Compound Annual Growth %

10y 5y 3y
Sales (1.08%) 4.04% 7.07%
Cash Flow 0.72% 20.04% 4.81%
Earnings 0.00% 0.00% 21.84%
Book Value (2.93%) (4.61%) 1.15%

Revenue $m

Dec Mar Jun Sep Year
’26 3,831 3,801 3,586 — —
’25 4,014 3,772 4,178 4,175 16,140
’24 3,900 3,944 4,151 4,110 16,106
’23 3,382 3,490 3,664 3,842 14,378
’22 3,267 3,214 3,242 3,426 13,148
’21 3,313 3,266 3,408 3,354 13,341
’20 3,236 3,246 3,190 3,569 13,240
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 70 4 95 — —
’25 151 191 284 196 822
’24 143 94 291 299 827
’23 120 11 279 285 696
’22 195 (2) 205 316 714
’21 7 59 320 318 705
’20 (207) (299) 186 649 330
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 42 (27) 55 — —
’25 111 178 262 134 685
’24 87 74 273 275 708
’23 84 (21) 265 263 591
’22 163 (17) 183 257 586
’21 (14) 3 295 299 583
’20 (238) (313) 150 619 219
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 0.56 1.39 (0.67) — —
’25 1.25 1.08 0.98 0.90 4.21
’24 0.69 0.01 0.98 1.28 2.95
’23 0.63 0.55 (0.97) 0.18 0.39
’22 0.43 0.29 0.72 0.75 2.18
’21 0.17 0.26 0.08 0.66 1.16
’20 0.25 (0.54) 0.55 (1.44) (1.16)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 22.80 30.15 24.83 25.98 21.76 48.70 60.74 74.40 82.23 85.00

Analyst estimates 2026–2028

Powerpack
High 40.72 39.50 39.90 44.36 53.21 78.33 86.94 94.01 118.56 135.52
People
People Employees 87,000 87,000 87,000 86,000 54,000 51,000 50,000 52,000 51,000 51,000
Revenue/emp, $m 0.20 0.21 0.16 0.16 0.25 0.26 0.26 0.28 0.32 0.32
Income, $m
Income, $m Revenue 17,411 18,203 13,878 13,642 13,240 13,341 13,148 14,378 16,106 16,140
Gross margin, % 3.69 3.76 3.45 4.48 5.36 5.98 6.45 6.58 6.73 7.54
EBT 126 429 212 249 233 409 551 213 718 916
EBT margin, % 0.72 2.36 1.53 1.83 1.76 3.06 4.19 1.48 4.46 5.67
Net income 163 421 197 (184) (154) 203 335 100 460 636
Depreciation 399 279 268 261 237 176 171 176 179 176
Per share, $
Per share, $ Revenue 112.49 116.89 87.23 86.87 83.27 90.58 93.40 103.73 118.82 121.93
Earnings 0.62 2.18 0.86 (1.66) (1.17) 1.18 2.21 0.40 2.97 4.24
Cash flow 5.26 4.47 4.87 4.95 2.07 4.78 5.07 5.02 6.11 6.21
Capex (0.88) (0.50) (0.55) (0.53) (0.70) (0.82) (0.91) (0.76) (0.88) (1.03)
Free cash flow 4.38 3.97 4.32 4.42 1.38 3.96 4.16 4.26 5.23 5.18
Book value 22.95 27.06 26.89 24.83 21.47 19.21 18.51 17.20 17.49 20.37
Shares, m 155 156 159 157 159 147 141 139 136 132
Valuation, ×
Valuation, × P/E 47.19 17.00 38.12 0.00 0.00 53.07 31.08 207.85 34.65 30.77
P/S 0.26 0.32 0.38 0.43 0.50 0.70 0.73 0.78 0.87 1.07
P/B 1.30 1.37 1.22 1.51 1.95 3.29 3.69 4.71 5.91 6.41
EV/Sales 0.46 0.48 0.57 0.61 0.53 0.77 0.81 0.85 0.93 1.14
EV/FCF 11.74 14.25 11.56 11.93 32.02 17.62 18.19 20.61 21.08 26.84
Cash, $m
Cash, $m Operating cash flow 814 697 775 778 330 705 714 696 827 822
Capex (137) (78) (87) (83) (111) (121) (128) (105) (119) (136)
Free cash flow 677 618 688 694 219 583 586 591 708 685
Balance, $m
Balance, $m Working capital 696 1,104 950 1,073 1,440 652 419 319 682 801
Total debt 4,042 3,843 3,618 3,269 2,062 2,207 2,200 2,200 2,514 2,709
Net debt 3,350 3,041 2,732 2,383 353 978 1,028 940 933 1,124
Shareholders’ equity 3,552 4,215 4,278 3,899 3,414 2,830 2,605 2,384 2,370 2,696
Returns, %
Returns, % ROA 0.69 2.42 0.94 (1.79) (1.35) 1.40 2.72 0.49 3.45 4.63
ROIC 3.40 5.63 3.50 3.94 6.33 10.33 11.13 6.10 15.65 16.80
ROE 2.68 8.74 3.21 (6.38) (5.10) 5.55 11.43 2.22 16.92 22.18
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

AECOM vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IESC IES Holdings, Inc. $10.6B 22.1× 36.6× +39.60% (above 0%: growing) +98.70% (above 0%: growing) −14.63% (below 0%: shrinking) 27.41% 14.37% Compare
TTEK Tetra Tech, Inc. $8.9B 20.8× 17.9× −4.47% (below 0%: shrinking) −2.33% (below 0%: shrinking) −34.95% (below 0%: shrinking) 18.59% 12.07% Compare
DY Dycom Industries, Inc. $7.8B 22.8× 41.3× +45.57% (above 0%: growing) +13.95% (above 0%: growing) +106.51% (above 0%: growing) 21.96% 9.57% Compare
ACM AECOM $7.6B 26.7× 15.5× −14.18% (below 0%: shrinking) n/m −78.95% (below 0%: shrinking) (0.95%) (2.12%)
ACA Arcosa, Inc. $7.2B 14.7× 28.6× +1.73% (above 0%: growing) +447.54% (above 0%: growing) −193.75% (below 0%: shrinking) 23.64% 12.80% Compare
FLR Fluor Corporation $6.4B — (loss-making) 13.5× +8.82% (above 0%: growing) −94.46% (below 0%: shrinking) −825.71% (below 0%: shrinking) 4.13% 3.12% Compare
ECG Everus Construction Group, Inc. $5.7B 22.0× — +33.65% (above 0%: growing) +57.69% (above 0%: growing) +140.72% (above 0%: growing) 14.85% 9.08% Compare
AGX Argan, Inc. $5.2B 26.9× 58.0× +61.51% (above 0%: growing) +47.86% (above 0%: growing) +178.70% (above 0%: growing) 19.33% 14.79% Compare
LGN Legence Corp. $4.9B — (loss-making) 13.0× +110.74% (above 0%: growing) n/m +106.83% (above 0%: growing) 17.45% (0.52%) Compare
Median of peers $6.8B 22.1× 28.6× +36.63% +47.86% +45.94% 18.96% 10.82%

All 51 Engineering & Construction stocks →

AECOM (ACM) key facts

  • Strength: Net income was $636.2 million, or $4.24 per share (basic), a net margin of 3.48%.
  • AECOM (ACM) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • AECOM’s revenue for fiscal 2025 (year ended September 2025) was $16.1 billion, roughly unchanged from fiscal 2024.
  • As of October 16, 2026, ACM traded at $58.94, a market capitalization of $7.6 billion.
  • At that price the stock trades at 26.7× trailing-twelve-month earnings and 0.5× sales; its P/E is higher than 29% of its own readings over the past ten years.
  • AECOM pays an annual dividend of $1.24 per share, a yield of 2.10%, with a payout ratio of 56.9%.
  • Return on equity was 22.2% and debt-to-equity 1.13.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.63 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

AECOM (ACM) Latest News

stockrow.com/ACM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com