AECOM (ACM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.46	-$0.5	-134.2%	—	$3.6B	—
Q1 26	$1.16	$1.29	+11.2%	—	$3.8B	—
Q4 25	$1.34	$1.36	+1.5%	—	$4.2B	—
Q3 25	$1.26	$1.34	+6.3%	—	$4.2B	—
Q2 25	$1.19	$1.25	+5.0%	—	$3.8B	—
Q1 25	$1.1	$1.31	+19.1%	—	$4B	—
Q4 24	$1.25	$1.27	+1.6%	—	$4.1B	—
Q3 24	$1.12	$1.16	+3.6%	—	$4.2B	—
Q2 24	$1.05	$1.04	-1.0%	—	$3.9B	—
Q1 24	$0.95	$1.05	+10.5%	—	$3.9B	—
Q4 23	$0.97	$1.01	+4.1%	—	$3.8B	—
Q3 23	$0.94	$0.94	0.0%	—	$3.7B	—
Q2 23	$0.9	$0.92	+2.2%	—	$3.5B	—
Q1 23	$0.82	$0.86	+4.9%	—	$3.4B	—
Q4 22	$0.83	$0.89	+7.2%	—	$3.4B	—
Q3 22	$0.82	$0.86	+4.9%	—	$3.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.24	—	—	$16.1B	—
FY24	—	$2.97	—	—	$16.1B	—
FY23	—	$0.4	—	—	$14.4B	—
FY22	—	$2.21	—	—	$13.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$17.4B	$18.2B	$13.9B	$13.6B	$13.2B	$13.3B	$13.1B	$14.4B	$16.1B	$16.1B
YoY change	-3.22%	+4.55%	-23.8%	-1.7%	-2.95%	+0.76%	-1.44%	+9.36%	+12%	+0.21%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	17.4B	18.2B	13.9B	13.6B	13.2B	13.3B	13.1B	14.4B	16.1B	16.1B
Cost of revenue	16.8B	17.5B	13.4B	13B	12.5B	12.5B	12.3B	13.4B	15B	14.9B
Gross profit	642.8M	683.7M	479M	611.7M	709.6M	798.4M	848M	945.5M	1.1B	1.2B
Gross margin	3.69%	3.76%	3.45%	4.48%	5.36%	5.98%	6.45%	6.58%	6.73%	7.54%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	115.1M	133.3M	135.8M	148.1M	188.5M	155.1M	147.3M	153.6M	160.1M	157.8M
Operating expenses	115.1M	133.3M	135.8M	148.1M	188.5M	155.1M	147.3M	153.6M	160.1M	157.8M
Operating income	527.7M	550.4M	343.2M	463.5M	521M	643.3M	700.7M	791.9M	924.2M	1.1B
Operating margin	3.03%	3.02%	2.47%	3.4%	3.94%	4.82%	5.33%	5.51%	5.74%	6.56%
Non-operating income, net	-144M	110.1M	70M	-52.9M	-128.5M	-2.9M	-47.9M	-459.4M	-79.2M	-21.9M
Pretax income	125.6M	429.2M	212.2M	249.2M	232.6M	408.8M	550.7M	213.4M	718.2M	915.6M
Income tax	-37.9M	7.7M	-3.5M	13.5M	45.8M	89M	136.1M	56.1M	152.9M	204M
Net income	163.5M	421.5M	197.1M	-184M	-153.7M	203M	334.7M	100.1M	460.3M	636.2M
Net margin	0.94%	2.32%	1.42%	-1.35%	-1.16%	1.52%	2.55%	0.7%	2.86%	3.94%
EBITDA	1B	977.3M	680.8M	788.6M	818.2M	872.4M	939.3M	736.9M	1.2B	1.3B
EPS	0.62	2.18	0.86	-1.66	-1.17	1.18	2.21	0.4	2.97	4.24
Diluted EPS	0.62	2.13	0.84	-1.66	-1.17	1.16	2.18	0.39	2.95	4.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	3.8B	3.9B	3.9B	4.2B	4.1B	4B	3.8B	4.2B	4.2B	3.8B	3.8B	3.6B
Cost of revenue	3.6B	3.7B	3.7B	3.9B	3.8B	3.7B	3.5B	3.9B	3.8B	3.5B	3.5B	3.6B
Gross profit	252.3M	244M	261.2M	285M	294.2M	268.4M	290.8M	326.9M	330.6M	281M	296.5M	-34M
Gross margin	6.57%	6.26%	6.62%	6.87%	7.16%	6.69%	7.71%	7.82%	7.92%	7.33%	7.8%	-0.95%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	40.9M	35.7M	44.7M	36.2M	43.5M	40.5M	40.1M	38.2M	39.2M	40.8M	44.3M	34.4M
Operating expenses	40.9M	35.7M	44.7M	36.2M	43.5M	40.5M	40.1M	38.2M	39.2M	40.8M	44.3M	34.4M
Operating income	211.4M	208.2M	216.5M	248.8M	250.7M	227.9M	250.7M	288.8M	291.4M	240.2M	252.2M	-68.4M
Operating margin	5.5%	5.34%	5.49%	5.99%	6.1%	5.68%	6.65%	6.91%	6.98%	6.27%	6.63%	-1.91%
Non-operating income, net	-128.9M	-42.6M	-13.4M	-20.4M	-2.9M	16.5M	-1.9M	6.1M	-42.6M	-10.3M	6.2M	-2.5M
Pretax income	56.8M	136.5M	170.8M	192.9M	217.9M	218M	221.1M	268.8M	207.7M	198.3M	221.5M	-106.6M
Income tax	9.2M	26.7M	45.4M	46M	34.8M	29.2M	51.2M	65.1M	58.4M	39.1M	26.8M	-26.6M
Net income	40.2M	108.6M	16M	152.5M	183.1M	179.2M	159.5M	159.7M	137.7M	93.4M	190.4M	-82.9M
Net margin	1.05%	2.78%	0.41%	3.67%	4.45%	4.46%	4.23%	3.82%	3.3%	2.44%	5.01%	-2.31%
EBITDA	280.8M	237.3M	298.2M	319.6M	326.2M	303.3M	304.9M	353.5M	373.5M	323.6M	345.2M	9.1M
EPS	0.18	0.69	0.01	0.99	1.29	1.26	1.08	0.99	0.91	0.57	1.4	-0.67
Diluted EPS	0.18	0.69	0.01	0.98	1.28	1.25	1.08	0.98	0.9	0.56	1.39	-0.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.6B	5.7B	5.2B	5.9B	6.7B	9.3B	9.6B	11.5B	14B	17.3B	7.6B
Enterprise value	8B	8.8B	7.9B	8.3B	7.8B	11B	11.3B	13B	15.4B	18.9B	10.4B
Shares outstanding	154.8M	155.7M	159.1M	157M	159M	147.3M	140.8M	138.6M	135.5M	132.4M	132.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	28.1	13.6	26.4	—	—	45.8	28.8	114.9	30.4	27.1	20.6
P/S	0.26	0.31	0.37	0.43	0.5	0.7	0.73	0.8	0.87	1.07	0.49
P/B	1.3	1.36	1.21	1.51	1.95	3.29	3.69	4.83	5.91	6.41	3.44
EV/EBITDA	7.68	8.98	11.7	10.6	9.47	12.6	12	17.6	13.1	14.2	11.1
EV/Sales	0.46	0.48	0.57	0.61	0.59	0.82	0.86	0.9	0.96	1.17	0.67
Earnings yield	3.55%	7.35%	3.79%	—	—	2.18%	3.48%	0.87%	3.29%	3.68%	4.84%
FCF yield	13.5%	10.6%	12.7%	11.5%	3.23%	6.11%	5.99%	5.13%	5.06%	3.97%	4.97%
PEG	—	—	—	—	—	—	—	—	—	—	-0.12

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	3.69%	3.76%	3.45%	4.48%	5.36%	5.98%	6.45%	6.58%	6.73%	7.54%	-0.95%
Operating margin	3.03%	3.02%	2.47%	3.4%	3.94%	4.82%	5.33%	5.51%	5.74%	6.56%	-1.84%
Net margin	0.94%	2.32%	1.42%	-1.35%	-1.16%	1.52%	2.55%	0.7%	2.86%	3.94%	1.87%
ROE	4.6%	10%	4.61%	-4.72%	-4.5%	7.17%	12.8%	4.2%	19.4%	23.6%	16.6%
ROA	1.2%	2.93%	1.34%	-1.26%	-1.18%	1.73%	3%	0.89%	3.82%	5.21%	3.73%
ROIC	7.62%	7.45%	4.89%	6.93%	9.28%	11.2%	12.5%	15.1%	19.1%	19%	12.7%
Return on tangible assets	15.4%	26.7%	8.96%	-2.49%	-2.62%	4.39%	7.77%	2.3%	9.05%	14.4%	8.17%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.13	1.2	1.16	1.17	1.24	1.12	1.08	1.05	1.13	1.14	1.06
Quick ratio	1.13	1.2	1.16	1.17	1.24	1.12	1.08	1.05	1.13	1.14	1.06
Debt / equity	1.15	0.91	0.85	0.85	0.82	1.02	1.07	1.15	1.28	1.2	1.39
Debt / assets	0.3	0.27	0.25	0.23	0.22	0.25	0.25	0.24	0.25	0.26	0.27
Net debt / EBITDA	3.25	3.11	4.02	3.08	1.34	1.9	1.73	2.02	1.22	1.23	2.08
Interest coverage	1.49	2.86	2.06	2.54	2.45	2.72	5.99	2.34	4.87	5.97	3.57
Effective tax rate	0%	1.8%	0%	5.42%	19.7%	21.8%	24.7%	26.3%	21.3%	22.3%	18.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	112.5	116.9	87.2	86.9	83.3	90.6	93.4	103.7	118.8	121.9	118.3
EPS (basic)	0.62	2.18	0.86	-1.66	-1.17	1.18	2.21	0.4	2.97	4.24	4.24
EPS (diluted)	0.62	2.13	0.84	-1.66	-1.17	1.16	2.18	0.39	2.95	4.21	2.84
Book value per share	23	27.1	26.9	24.8	21.5	19.2	18.5	17.2	17.5	20.4	17
FCF per share	4.02	3.92	4.16	4.31	1.35	3.86	4.1	4.26	5.22	5.17	1.58
Cash per share	4.47	5.15	5.57	5.64	10.7	8.35	8.33	9.09	11.7	12	7.95
Capex per share	0.35	0.05	0.17	0.11	0.02	0.1	0.06	0	0	1.03	1.26

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.31%	0.04%	0.19%	0.13%	0.03%	0.11%	0.07%	0%	0%	0.85%	1.05%
Capex / operating cash flow	5.94%	1.06%	4.14%	-30.3%	-2.61%	2.11%	1.53%	0.61%	0.05%	16.6%	44.3%
Payout ratio	—	—	—	—	0%	0%	18.9%	96.1%	25%	21%	41.9%
Dividend yield	—	—	—	—	0%	0%	0.66%	0.84%	0.82%	0.77%	2.09%

Yield

2.09%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.31

ex-dividend Jul 1, 2026

Payout ratio

42%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 1, 2026	$0.31
Apr 1, 2026	$0.31
Jan 7, 2026	$0.31
Oct 1, 2025	$0.26
Jul 2, 2025	$0.26
Apr 2, 2025	$0.26
Jan 2, 2025	$0.26
Oct 2, 2024	$0.22

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$3.8B	$3.9B	$3.9B	$4.2B	$4.1B	$4B	$3.8B	$4.2B	$4.2B	$3.8B	$3.8B	$3.6B
YoY change	+12.1%	+15.3%	+13%	+13.3%	+6.98%	+2.93%	-4.37%	+0.65%	+1.58%	-4.57%	+0.78%	-14.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	692.1M	802.4M	886.7M	885.6M	1.7B	1.2B	1.2B	1.3B	1.6B	1.6B
Receivables	2.6B	2.8B	3.3B	2.9B	2.9B	2.6B	2.3B	2.5B	2.8B	2.5B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	6B	6.7B	7.1B	7.5B	7.5B	6.2B	5.8B	6.2B	7.2B	6.7B
Property, plant & equipment	587.1M	557.8M	538.9M	394.4M	1B	991.6M	958.1M	819.2M	776.5M	869.2M
Goodwill & intangibles	12.6B	12.8B	12.5B	7.2B	7.1B	7.1B	6.8B	6.9B	7B	7.8B
Total assets	13.7B	14.4B	14.7B	14.6B	13B	11.7B	11.1B	11.2B	12.1B	12.2B
Accounts payable	1.9B	2.2B	2.7B	2.4B	2.4B	2.1B	2B	2.2B	2.6B	2.3B
Short-term debt	366.3M	142M	143.1M	98.4M	20.9M	53.8M	48.6M	89.5M	66.9M	66.3M
Total current liabilities	5.3B	5.6B	6.1B	6.5B	6.1B	5.5B	5.4B	5.9B	6.4B	5.9B
Long-term debt	3.7B	3.7B	3.5B	3.2B	2.8B	2.8B	2.8B	2.7B	3B	3.2B
Total liabilities	10.1B	10.2B	10.4B	10.7B	9.6B	8.9B	8.5B	8.8B	9.7B	9.5B
Shareholders' equity	3.6B	4.2B	4.3B	3.9B	3.4B	2.8B	2.6B	2.4B	2.4B	2.7B
Total debt	4.1B	3.8B	3.6B	3.3B	2.8B	2.9B	2.8B	2.8B	3B	3.2B
Net debt	3.4B	3B	2.7B	2.4B	1.1B	1.7B	1.6B	1.5B	1.4B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	1.3B	1.2B	1.2B	1.6B	1.6B	1.6B	1.6B	1.8B	1.6B	1.2B	1B	1B
Receivables	2.5B	2.5B	2.6B	2.7B	2.8B	2.6B	2.5B	2.6B	2.5B	2.3B	2.5B	2.4B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	6.2B	6.3B	6.5B	7.1B	7.2B	7B	6.9B	7.3B	6.7B	6.5B	6.5B	6.3B
Property, plant & equipment	819.2M	827.5M	795.2M	777.2M	776.5M	773.4M	790.6M	866.8M	869.2M	835.5M	841.5M	901.6M
Goodwill & intangibles	6.9B	7B	6.9B	6.9B	7B	6.9B	6.9B	7B	7.8B	7.9B	7.9B	7.9B
Total assets	11.2B	11.4B	11.5B	12B	12.1B	11.8B	11.8B	12.3B	12.2B	11.9B	12B	12B
Accounts payable	2.2B	2.1B	2.3B	2.4B	2.6B	2.3B	2.3B	2.5B	2.3B	2.3B	2.3B	2.4B
Short-term debt	89.5M	91.5M	91.5M	66.2M	66.9M	69.4M	70.3M	73.2M	66.3M	65.9M	63M	62.8M
Total current liabilities	5.9B	6B	6.1B	6.3B	6.4B	6.1B	6B	6.2B	5.9B	5.9B	5.9B	6B
Long-term debt	2.7B	2.6B	2.6B	2.9B	3B	2.9B	3B	3B	3.2B	3.1B	3.2B	3.1B
Total liabilities	8.8B	9B	9.1B	9.5B	9.7B	9.4B	9.3B	9.6B	9.5B	9.5B	9.5B	9.6B
Shareholders' equity	2.4B	2.4B	2.4B	2.5B	2.4B	2.4B	2.5B	2.7B	2.7B	2.4B	2.5B	2.4B
Total debt	2.8B	2.7B	2.7B	3B	3B	3B	3B	3.1B	3.2B	3.2B	3.2B	3.2B
Net debt	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.3B	1.6B	2B	2.2B	2.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	163.5M	421.5M	197.1M	-184M	-153.7M	203M	334.7M	100.1M	460.3M	636.2M
Depreciation & amortization	398.7M	278.6M	267.6M	261.2M	237.4M	176.4M	170.9M	175.7M	178.8M	175.9M
Stock-based compensation	73.4M	83.8M	73.1M	63.8M	54.2M	44.7M	38.5M	45.9M	61.5M	61.4M
Change in working capital	384.4M	25.1M	56M	-105.9M	-164.5M	257.6M	-46M	-179.3M	-35.2M	-204.8M
Operating cash flow	920M	744.1M	637.1M	-57M	-145.4M	702M	584.3M	56.2M	901.9M	821.6M
Capital expenditure	54.6M	7.9M	26.4M	17.3M	3.8M	14.8M	9M	344K	494K	-136.7M
Investing cash flow	28.8M	-116.4M	54.2M	-46.1M	-66.8M	-18.9M	4.2M	-32.6M	-91M	-413.5M
Dividends paid	—	—	—	—	0	0	-63.3M	-96.2M	-115.2M	-133.6M
Share repurchases	-25.9M	-25.1M	-179.5M	-98.2M	-187M	-867.1M	-473M	-379.3M	-478.5M	-388.4M
Financing cash flow	-647.9M	-391.4M	-627.6M	-717.1M	-2.7B	36M	-588.3M	-479.1M	-297.5M	-405.7M
Net change in cash	300.9M	236.4M	63.7M	-820.3M	-3B	719.1M	200K	-455.5M	513.3M	2.4M
Free cash flow	622.8M	610.3M	661.3M	677M	215M	568.4M	576.6M	590.4M	707.9M	684.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	40.2M	108.6M	16M	152.5M	183.1M	179.2M	159.5M	159.7M	137.7M	93.4M	190.4M	-82.9M
Depreciation & amortization	44.7M	43.3M	44.2M	46.4M	44.9M	42.3M	41.5M	44.5M	47.5M	52M	59.5M	55.9M
Stock-based compensation	5M	15.1M	15.6M	14.2M	16.7M	16.8M	13.9M	15.3M	15.4M	16M	14.8M	-4.3M
Change in working capital	41.6M	-187.2M	-33.4M	-11.2M	196.6M	-84M	-20.9M	-100.4M	512K	-86.4M	-197.9M	145.8M
Operating cash flow	136.3M	-19.7M	144.7M	194.2M	431.8M	149.5M	201.6M	283.7M	196.1M	70.2M	3.8M	95.2M
Capital expenditure	56K	69K	180K	94K	151K	94K	104K	-22M	-62M	-28.3M	-31.2M	-40.3M
Investing cash flow	-9.4M	-30.5M	-14.6M	-18.3M	-427K	15.5M	-48.9M	-47.3M	-280M	-34.9M	-40.4M	-54.4M
Dividends paid	-24.9M	-24.5M	-31M	-29.9M	-29.9M	-29.1M	-35.5M	-34.5M	-34.4M	-35.4M	-40.4M	-39.8M
Share repurchases	-234.1M	-92.1M	-20.9M	-50.1M	-315.4M	-55.2M	-78.5M	-4.7M	-250.1M	-325.9M	-116M	6K
Financing cash flow	-271M	-126.3M	-62.1M	232.8M	-341.9M	-121.3M	-115.1M	-45.2M	-124.1M	-374.2M	-173.2M	-43.2M
Net change in cash	-144.1M	-176.5M	67.9M	408.6M	89.5M	43.6M	37.5M	191.3M	-208M	-338.9M	-209.8M	-2.3M
Free cash flow	262.9M	86.8M	73.9M	272.8M	274.5M	110.9M	178.3M	261.7M	134.1M	41.9M	-27.4M	54.9M

AECOM Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement