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Aecom (ACM) 10-Year Financial Performance & Capital Metrics

ACM • • Industrial / General
IndustrialsEngineering & ConstructionInfrastructure Engineering & ConsultingInfrastructure Consulting & Design
AboutAECOM, together with its subsidiaries, provides professional infrastructure consulting services for governments, businesses, and organizations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to commercial and government clients. It also invests in and develops real estate projects. In addition, the company provides construction services, including building construction and energy, and infrastructure and industrial construction. It serves transportation, water, government, facilities, environmental, and energy sectors. The company was formerly known as AECOM Technology Corporation and changed its name to AECOM in January 2015. AECOM was incorporated in 1980 and is headquartered Dallas, Texas.Show more
  • Revenue $16.14B +0.2%
  • EBITDA $1.19B +18.5%
  • Net Income $562M +39.7%
  • EPS (Diluted) 4.21 +42.7%
  • Gross Margin 7.54% +12.0%
  • EBITDA Margin 7.39% +18.3%
  • Operating Margin 6.36% +23.8%
  • Net Margin 3.48% +39.4%
  • ROE 22.18% +31.0%
  • ROIC 18.57% +15.1%
  • Debt/Equity 1.25 -2.4%
  • Interest Coverage 5.57 +24.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 2.3% through buybacks
  • ✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

  • ✗Weak momentum: RS Rating 17 (bottom 17%)

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.08%
5Y4.04%
3Y7.07%
TTM1.5%

Profit (Net Income) CAGR

10Y-
5Y-
3Y21.84%
TTM140.58%

EPS CAGR

10Y-
5Y-
3Y24.53%
TTM164.52%

ROCE

10Y Avg8.46%
5Y Avg11.67%
3Y Avg12.65%
Latest17.17%

Peer Comparison

Infrastructure Consulting & Design
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BWMNBowman Consulting Group Ltd.628.04M36.15212.6523.19%3.48%6.3%3.77%0.61
STNStantec Inc.11.33B99.3031.3215.75%5.99%13.86%4.45%0.69
ACMAecom13.08B99.2423.570.21%3.82%22.75%6.28%1.25
RITRReitar Logtech Holdings Limited Ordinary shares45.63M1.007.6910.74%4.2%1.63%0.52

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+17.41B18.2B13.88B13.64B13.24B13.34B13.15B14.38B16.11B16.14B
Revenue Growth %-0.03%0.05%-0.24%-0.02%-0.03%0.01%-0.01%0.09%0.12%0%
Cost of Goods Sold+16.77B17.52B13.4B13.03B12.53B12.54B12.3B13.43B15.02B14.92B
COGS % of Revenue0.96%0.96%0.97%0.96%0.95%0.94%0.94%0.93%0.93%0.92%
Gross Profit+642.82M683.72M479.03M611.65M709.56M798.42M847.97M945.47M1.08B1.22B
Gross Margin %0.04%0.04%0.03%0.04%0.05%0.06%0.06%0.07%0.07%0.08%
Gross Profit Growth %0.2%0.06%-0.3%0.28%0.16%0.13%0.06%0.11%0.15%0.12%
Operating Expenses+267.29M29.86M86.43M215.56M328.1M168.87M201.17M621.33M256.9M190.19M
OpEx % of Revenue0.02%0%0.01%0.02%0.02%0.01%0.02%0.04%0.02%0.01%
Selling, General & Admin115.09M133.31M135.79M148.12M188.53M155.07M147.31M153.57M160.1M157.85M
SG&A % of Revenue0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses152.2M-103.44M-49.36M67.44M139.56M13.8M53.86M467.76M96.79M32.34M
Operating Income+375.54M653.86M392.6M396.1M381.46M629.55M646.8M324.13M827.44M1.03B
Operating Margin %0.02%0.04%0.03%0.03%0.03%0.05%0.05%0.02%0.05%0.06%
Operating Income Growth %1.91%0.74%-0.4%0.01%-0.04%0.65%0.03%-0.5%1.55%0.24%
EBITDA+774.27M932.49M660.17M657.28M618.84M805.95M817.69M499.86M1.01B1.19B
EBITDA Margin %0.04%0.05%0.05%0.05%0.05%0.06%0.06%0.03%0.06%0.07%
EBITDA Growth %0.06%0.2%-0.29%-0%-0.06%0.3%0.01%-0.39%1.01%0.19%
D&A (Non-Cash Add-back)398.73M278.63M267.57M261.19M237.38M176.4M170.89M175.72M178.81M166.2M
EBIT383.72M660.49M413.23M410.65M392.52M647.16M660.96M372.74M903.57M1.1B
Net Interest Income+-258.16M-231.31M-201.02M-161.48M-159.91M-231.63M-102.06M-119.09M-126.86M-121.41M
Interest Income000006.72M8.21M40.25M58.56M62.89M
Interest Expense258.16M231.31M201.02M161.48M159.91M238.35M110.27M159.34M185.42M184.3M
Other Income/Expense-249.98M-224.67M-180.4M-146.93M-148.86M-220.75M-96.12M-110.73M-109.29M-110.95M
Pretax Income+125.56M429.18M212.21M249.17M232.6M408.8M550.68M213.4M718.15M915.57M
Pretax Margin %0.01%0.02%0.02%0.02%0.02%0.03%0.04%0.01%0.04%0.06%
Income Tax+-37.92M7.71M-3.49M13.5M45.75M89.01M136.05M56.05M152.9M204.02M
Effective Tax Rate %0.77%0.79%0.64%-1.05%-0.8%0.42%0.56%0.26%0.56%0.61%
Net Income+96.11M339.39M136.47M-261.05M-186.37M173.19M310.61M55.33M402.27M561.77M
Net Margin %0.01%0.02%0.01%-0.02%-0.01%0.01%0.02%0%0.02%0.03%
Net Income Growth %1.62%2.53%-0.6%-2.91%0.29%1.93%0.79%-0.82%6.27%0.4%
Net Income (Continuing)163.47M421.48M215.7M235.67M186.85M319.79M414.63M157.35M565.25M711.55M
Discontinued Operations00-18.57M-419.66M-340.59M-116.81M-79.93M-57.21M-105M-76.49M
Minority Interest185.57M218.56M185.59M208.77M120.99M117.11M128.72M171.38M186.21M203.6M
EPS (Diluted)+0.622.130.84-1.17-1.171.162.180.392.954.21
EPS Growth %1.6%2.44%-0.61%-2.39%0%1.99%0.88%-0.82%6.56%0.43%
EPS (Basic)0.622.180.86-1.17-1.171.182.210.402.974.24
Diluted Shares Outstanding156.07M159.13M162.26M157.04M161.29M149.68M142.7M140.11M136.45M133.31M
Basic Shares Outstanding154.77M155.73M159.1M157.04M159M147.28M140.77M138.61M135.54M132.37M
Dividend Payout Ratio------0.2%1.74%0.29%0.24%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+6B6.68B7.13B7.53B7.53B6.17B5.82B6.17B7.18B6.73B
Cash & Short-Term Investments692.14M802.36M886.73M885.64M1.71B1.23B1.17B1.26B1.58B1.59B
Cash Only692.14M802.36M886.73M885.64M1.71B1.23B1.17B1.26B1.58B1.59B
Short-Term Investments0000000000
Accounts Receivable4.58B5.18B5.6B4.5B4.44B4.07B3.81B4.08B4.76B4.43B
Days Sales Outstanding95.98103.93147.17120.4122.34111.24105.83103.67107.86100.15
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets730.1M696.72M644.95M2.15B1.38B878.47M838.4M825.37M835.92M716.07M
Total Non-Current Assets+7.67B7.71B7.55B7.02B5.47B5.56B5.32B5.06B4.89B5.47B
Property, Plant & Equipment645M621.4M614.1M405.6M1.03B1.01B967.97M829.64M786.57M879.64M
Fixed Asset Turnover26.99x29.29x22.60x33.64x12.81x13.26x13.58x17.33x20.48x18.35x
Goodwill5.82B5.99B5.92B3.48B3.48B3.5B3.38B3.42B3.48B3.7B
Intangible Assets479.4M415.1M319.9M99.6M76.9M54.9M35.6M17.8M6.9M183.28M
Long-Term Investments330.49M364.22M310.66M256.13M297.6M328.91M354.98M139.24M138.07M187.36M
Other Non-Current Assets218.9M149.85M228.68M2.49B214.39M307.93M293.04M218.67M147.23M223.87M
Total Assets+13.67B14.4B14.68B14.55B13B11.73B11.14B11.23B12.06B12.2B
Asset Turnover1.27x1.26x0.95x0.94x1.02x1.14x1.18x1.28x1.34x1.32x
Asset Growth %-0.02%0.05%0.02%-0.01%-0.11%-0.1%-0.05%0.01%0.07%0.01%
Total Current Liabilities+5.3B5.58B6.13B6.46B6.09B5.52B5.4B5.85B6.37B5.93B
Accounts Payable1.91B2.25B2.73B2.41B2.36B2.09B2.03B2.19B2.56B2.26B
Days Payables Outstanding41.646.8774.2667.5368.6960.8460.1659.5362.2155.29
Short-Term Debt366.32M142M143.05M98.36M20.87M53.84M48.61M89.45M66.92M198.69M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities15K19K22.35M1.16B417.63M94.04M49.26M45.67M35.59M1.63B
Current Ratio1.13x1.20x1.16x1.17x1.24x1.12x1.08x1.05x1.13x1.14x
Quick Ratio1.13x1.20x1.16x1.17x1.24x1.12x1.08x1.05x1.13x1.14x
Cash Conversion Cycle----------
Total Non-Current Liabilities+4.81B4.6B4.27B4.19B3.49B3.38B3.13B3B3.32B3.58B
Long-Term Debt3.7B3.7B3.48B3.22B2.04B2.16B2.16B2.11B2.45B2.6B
Capital Lease Obligations0000745.29M679.06M595.31M548.85M510.57M560.3M
Deferred Tax Liabilities13.1M20.52M47.27M4.51M3.49M5.42M9.22M16.96M27.51M67.97M
Other Non-Current Liabilities1.1B881.27M742.06M967.31M705.04M540.44M368.55M320.22M328.77M344.06M
Total Liabilities10.12B10.18B10.4B10.65B9.59B8.9B8.53B8.85B9.69B9.5B
Total Debt+4.07B3.84B3.63B3.32B2.81B2.89B2.8B2.75B3.03B3.36B
Net Debt3.38B3.04B2.74B2.43B1.1B1.66B1.63B1.49B1.45B1.78B
Debt / Equity1.15x0.91x0.85x0.85x0.82x1.02x1.07x1.15x1.28x1.25x
Debt / EBITDA5.25x4.12x5.49x5.05x4.54x3.59x3.43x5.50x3.01x2.82x
Net Debt / EBITDA4.36x3.26x4.15x3.70x1.78x2.06x1.99x2.98x1.44x1.49x
Interest Coverage1.45x2.83x1.95x2.45x2.39x2.64x5.87x2.03x4.46x5.57x
Total Equity+3.55B4.21B4.28B3.9B3.41B2.83B2.61B2.38B2.37B2.7B
Equity Growth %-0.02%0.19%0.02%-0.09%-0.12%-0.17%-0.08%-0.09%-0.01%0.14%
Book Value per Share22.7626.4826.3724.8321.1618.9018.2617.0117.3720.22
Total Shareholders' Equity3.37B4B4.09B3.69B3.29B2.71B2.48B2.21B2.18B2.49B
Common Stock1.54M1.57M1.57M1.57M1.57M1.43M1.39M1.36M1.33M1.32M
Retained Earnings618.45M961.64M948.15M599.55M174.25M-504.13M-701.65M-1.1B-1.28B-1.22B
Treasury Stock0000000000
Accumulated OCI-857.58M-700.66M-703.33M-864.2M-918.67M-900.38M-979.67M-926.58M-882.67M-893.03M
Minority Interest185.57M218.56M185.59M208.77M120.99M117.11M128.72M171.38M186.21M203.6M

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+814.15M696.65M774.55M777.62M329.62M704.67M713.64M695.98M827.49M821.6M
Operating CF Margin %0.05%0.04%0.06%0.06%0.02%0.05%0.05%0.05%0.05%0.05%
Operating CF Growth %0.07%-0.14%0.11%0%-0.58%1.14%0.01%-0.02%0.19%-0.01%
Net Income163.47M421.48M197.13M-183.99M-153.74M202.98M334.7M100.14M460.25M636.19M
Depreciation & Amortization398.73M278.63M267.57M261.19M237.38M176.4M170.89M175.72M178.81M175.92M
Stock-Based Compensation73.41M83.77M73.09M63.81M54.23M44.74M38.47M45.88M61.52M61.44M
Deferred Taxes-110.12M-49.86M36.75M-98.02M11.13M-48.27M22.82M-135.88M150.89M35.41M
Other Non-Cash Items64.64M-14.18M201.52M597.54M258.55M255.81M12.73M460.25M126.56M689.58M
Working Capital Changes224.03M-23.19M-1.5M137.08M-77.92M73M134.02M49.86M-150.55M-776.93M
Change in Receivables337.29M-432.77M-381.79M-316.49M-136.96M533.01M236.6M-402.5M-500.8M334.42M
Change in Inventory0000000000
Change in Payables16.62M292.5M474.95M251.41M-192.98M-250.14M-102.87M169.51M391.18M-333.56M
Cash from Investing+-162.62M-202.71M-59.09M-146.76M2.04B-421.09M-175.03M-138.18M-210.64M-413.22M
Capital Expenditures-191.39M-86.35M-113.28M-100.66M-114.59M-136.26M-137.02M-105.6M-119.6M-55.62M
CapEx % of Revenue0.01%0%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0%
Acquisitions----------
Investments----------
Other Investing54.62M7.89M26.4M17.29M2.22B-251.05M-33.31M344K-20.51M-145.07M
Cash from Financing+-637.98M-386.49M-624.87M-433.28M-1.63B-872.53M-588.32M-472.94M-295.46M-403.67M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000000-63.29M-96.19M-115.24M-133.57M
Share Repurchases----------
Other Financing-146.54M-93.94M-134.88M-81.67M-85.66M-28.95M-40M15.62M-27.06M124.65M
Net Change in Cash----------
Free Cash Flow+622.77M610.3M661.27M676.95M215.03M568.41M576.62M590.38M707.89M821.6M
FCF Margin %0.04%0.03%0.05%0.05%0.02%0.04%0.04%0.04%0.04%0.05%
FCF Growth %-0.1%-0.02%0.08%0.02%-0.68%1.64%0.01%0.02%0.2%0.16%
FCF per Share3.993.844.084.311.333.804.044.215.196.16
FCF Conversion (FCF/Net Income)8.47x2.05x5.68x-2.98x-1.77x4.07x2.30x12.58x2.06x1.46x
Interest Paid216.13M226.09M271.84M0201.4M255.68M104.64M153.97M177.45M0
Taxes Paid13.11M11.54M40.59M071.03M114.46M104.74M78.45M139.97M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)2.68%8.74%3.21%-6.38%-5.1%5.55%11.43%2.22%16.92%22.18%
Return on Invested Capital (ROIC)3.89%6.91%4.13%4.45%5.28%10.49%11.12%6%16.13%18.57%
Gross Margin3.69%3.76%3.45%4.48%5.36%5.98%6.45%6.58%6.73%7.54%
Net Margin0.55%1.86%0.98%-1.91%-1.41%1.3%2.36%0.38%2.5%3.48%
Debt / Equity1.15x0.91x0.85x0.85x0.82x1.02x1.07x1.15x1.28x1.25x
Interest Coverage1.45x2.83x1.95x2.45x2.39x2.64x5.87x2.03x4.46x5.57x
FCF Conversion8.47x2.05x5.68x-2.98x-1.77x4.07x2.30x12.58x2.06x1.46x
Revenue Growth-3.22%4.55%-23.76%-1.7%-2.95%0.76%-1.44%9.36%12.01%0.21%

Revenue by Segment

2013201420162019202020212022202320242025
Americas----10.13B10.23B9.94B10.98B12.49B12.53B
Americas Growth-----0.94%-2.81%10.43%13.76%0.32%
International----3.1B3.11B3.21B3.4B3.62B3.61B
International Growth-----0.35%3.02%6.09%6.36%-0.14%
Aecom Capital---8.2M6.8M2M2.2M700K1.4M500K
Aecom Capital Growth-----17.07%-70.59%10.00%-68.18%100.00%-64.29%
Design Consulting Services--7.66B8.27B------
Design Consulting Services Growth---8.00%------
Construction Services--6.5B7.78B------
Construction Services Growth---19.65%------
Management Support Services910.6M392.9M3.25B4.12B------
Management Support Services Growth--56.85%728.12%26.57%------
Professional Technical Services7.24B4.46B--------
Professional Technical Services Growth--38.39%--------

Revenue by Geography

2013201420162019202020212022202320242025
Americas---16.19B10.14B10.23B-10.98B12.49B12.53B
Americas Growth-----37.38%0.89%--13.76%0.32%
EMEA------1.76B1.94B2.14B2.15B
EMEA Growth-------10.09%10.54%0.55%
Asia Pacific1.51B1.34B1.28B1.77B1.48B1.52B1.45B1.46B1.48B1.46B
Asia Pacific Growth--11.21%-4.48%38.39%-16.26%2.91%-5.10%1.24%0.83%-1.16%
Americas.------9.94B---
Americas. Growth----------
E M E A---2.21B1.62B1.59B----
E M E A Growth-----26.79%-1.99%----
Europe599.4M788.2M1.9B-------
Europe Growth-31.50%141.59%-------
Other Foreign Countries505.3M735.6M794.8M-------
Other Foreign Countries Growth-45.58%8.05%-------
UNITED STATES4.83B---------
UNITED STATES Growth----------
CANADA712M---------
CANADA Growth----------

Frequently Asked Questions

Valuation & Price

Aecom (ACM) has a price-to-earnings (P/E) ratio of 23.6x. This is roughly in line with market averages.

Growth & Financials

Aecom (ACM) reported $16.07B in revenue for fiscal year 2025. This represents a 96% increase from $8.22B in 2012.

Aecom (ACM) grew revenue by 0.2% over the past year. Growth has been modest.

Yes, Aecom (ACM) is profitable, generating $614.0M in net income for fiscal year 2025 (3.5% net margin).

Dividend & Returns

Yes, Aecom (ACM) pays a dividend with a yield of 1.01%. This makes it attractive for income-focused investors.

Aecom (ACM) has a return on equity (ROE) of 22.2%. This is excellent, indicating efficient use of shareholder capital.

Aecom (ACM) generated $825.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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