AECOM (ACM) vs Fluor Corporation (FLR)

AECOM and Fluor Corporation are both Engineering & Construction companies. AECOM is the larger, with a market value of $7.7B against $6.9B — 1.1× the size. Fluor Corporation has negative trailing earnings, so its P/E is not meaningful; AECOM trades at 27.6×. AECOM grew revenue faster over the last twelve months: −4.24% against −4.78%. AECOM has the higher net margin (1.87% vs −12.9%) and the higher return on invested capital (9.62% vs −16.6%). Both pay a dividend; AECOM yields more (0.40% vs 0.23%). Across the 19 metrics below, AECOM leads on 14 and Fluor Corporation on 5.

Valuation

Metric ACM FLR Engineering & Construction median
P/E 27.55 n/m 28.59
P/S 0.51 0.45 1.15
P/B 3.26 2.51 3.96
Price to free cash flow 38.42 n/m 25.24
EV/EBITDA 11.26 n/m 14.87
EV/Sales 0.62 0.32 1.42
Earnings yield 3.63% (24.35%) 2.47%
Free cash flow yield 2.60% (2.93%) 1.91%

Profitability

Metric ACM FLR Engineering & Construction median
Gross margin 5.68% (0.80%) 18.76%
Operating margin 4.10% (1.39%) 6.26%
Net margin 1.87% (12.85%) 2.23%
Free cash flow margin 1.32% (1.32%) 1.83%
Return on equity 11.30% (45.56%) 7.90%
Return on assets 2.37% (20.66%) 0.87%
Return on invested capital 9.62% (16.58%) 2.52%

Growth

Metric ACM FLR Engineering & Construction median
Revenue growth (TTM) (4.24%) (4.78%) 16.67%
EPS growth (last fiscal year) 42.71% (102.52%) —
Revenue growth, 5-year CAGR 4.04% (0.36%) 11.76%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACM FLR Engineering & Construction median
Debt to equity 1.13 0.38 0.40
Current ratio 1.06 1.80 1.39
Net debt to EBITDA 0.93 8.72 0.38

Dividend

Metric ACM FLR Engineering & Construction median
Dividend yield 0.40% 0.23% 0.65%
Payout ratio 0.50 0.00 0.00

Size

Metric ACM FLR Engineering & Construction median
Market cap 7.66b 6.89b 1.31b

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