Latest Ratios: P/E Ratio 34.3x · EV/EBITDA 15.0x · ROE 8.3%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.1B | $5.2B | $4.7B | $4.0B | $2.6B | $2.6B | $2.7B | $2.2B | $1.4B | — | — |
| Enterprise Value | $8.4B | $6.5B | $6.3B | $4.5B | $3.1B | $3.2B | $2.8B | $2.0B | $1.4B | — | — |
| P/E Ratio → | 34.27 | 25.08 | 50.65 | 25.35 | 10.76 | 37.11 | 25.20 | 19.04 | 17.86 | — | — |
| P/S Ratio | 2.47 | 1.81 | 1.84 | 1.74 | 1.18 | 1.26 | 1.38 | 1.24 | 0.93 | — | — |
| P/B Ratio | 2.71 | 1.99 | 1.94 | 1.73 | 1.21 | 1.31 | 1.41 | 1.20 | 0.80 | — | — |
| P/FCF | 40.65 | 29.68 | 15.12 | 69.99 | 72.60 | 31.46 | 14.98 | 7.89 | 18.37 | — | — |
| P/OCF | 20.91 | 15.27 | 9.40 | 15.42 | 15.12 | 15.38 | 10.25 | 6.01 | 11.43 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.26 | 2.45 | 1.96 | 1.37 | 1.57 | 1.46 | 1.18 | 0.99 | — | — |
| EV / EBITDA | 14.99 | 11.57 | 16.01 | 13.23 | 6.09 | 12.70 | 10.60 | 8.57 | 8.86 | — | — |
| EV / EBIT | 24.82 | 19.16 | 31.29 | 20.21 | 8.82 | 29.87 | 18.97 | 13.32 | 15.02 | — | — |
| EV / FCF | — | 37.14 | 20.13 | 78.72 | 84.36 | 39.26 | 15.88 | 7.49 | 19.54 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.4% | 22.4% | 20.0% | 19.2% | 18.3% | 17.5% | 19.7% | 19.1% | 18.6% | 20.2% | 20.4% |
| Operating Margin | 11.8% | 11.8% | 7.7% | 7.9% | 15.6% | 5.3% | 7.8% | 8.8% | 6.5% | 9.0% | 11.8% |
| Net Profit Margin | 7.2% | 7.2% | 3.6% | 6.9% | 11.0% | 3.4% | 5.5% | 6.5% | 5.2% | 6.1% | 7.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | 3.9% | 7.0% | 11.9% | 3.6% | 5.8% | 6.5% | 4.9% | 6.5% | 9.2% |
| ROA | 4.3% | 4.3% | 2.2% | 4.6% | 7.5% | 2.4% | 4.3% | 5.1% | 4.0% | 5.7% | 8.1% |
| ROIC | 6.4% | 6.4% | 4.3% | 5.0% | 10.1% | 3.5% | 6.1% | 6.6% | 4.5% | 7.2% | 11.3% |
| ROCE | 7.8% | 7.8% | 5.2% | 6.0% | 12.0% | 4.2% | 7.0% | 7.7% | 5.6% | 9.5% | 14.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.72 | 0.26 | 0.27 | 0.36 | 0.13 | 0.07 | 0.11 | 0.00 | — |
| Debt / EBITDA | 2.70 | 2.70 | 4.46 | 1.77 | 1.17 | 2.81 | 0.96 | 0.55 | 1.14 | 0.00 | — |
| Net Debt / Equity | — | 0.50 | 0.64 | 0.22 | 0.20 | 0.32 | 0.08 | -0.06 | 0.05 | -0.00 | -0.01 |
| Net Debt / EBITDA | 2.32 | 2.32 | 3.99 | 1.47 | 0.85 | 2.52 | 0.60 | -0.46 | 0.53 | -0.03 | -0.05 |
| Debt / FCF | — | 7.45 | 5.01 | 8.73 | 11.76 | 7.79 | 0.89 | -0.40 | 1.17 | -0.08 | -0.10 |
| Interest Coverage | 3.13 | 3.13 | 2.83 | 7.97 | 11.20 | 4.57 | 14.04 | 22.59 | 106.56 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.20 | 2.20 | 1.85 | 2.12 | 2.33 | 2.11 | 2.14 | 2.67 | 2.85 | 2.46 | 2.50 |
| Quick Ratio | 1.35 | 1.35 | 1.15 | 1.18 | 1.47 | 1.22 | 1.25 | 1.67 | 1.77 | 1.05 | 0.93 |
| Cash Ratio | 0.43 | 0.43 | 0.36 | 0.24 | 0.44 | 0.20 | 0.31 | 0.85 | 0.42 | 0.04 | 0.08 |
| Asset Turnover | — | 0.59 | 0.52 | 0.65 | 0.67 | 0.64 | 0.73 | 0.75 | 0.67 | 0.91 | 1.12 |
| Inventory Turnover | 5.27 | 5.27 | 5.71 | 4.64 | 5.80 | 5.18 | 5.61 | 4.96 | 4.71 | 4.73 | 5.14 |
| Days Sales Outstanding | — | 52.88 | 49.74 | 56.48 | 54.39 | 55.71 | 49.07 | 42.03 | 72.83 | 41.26 | 28.47 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.2% | 0.2% | 0.2% | 0.4% | 0.4% | 0.4% | 0.5% | — | — | — |
| Payout Ratio | 4.8% | 4.8% | 10.4% | 6.2% | 4.0% | 14.1% | 9.2% | 8.7% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 4.0% | 2.0% | 3.9% | 9.3% | 2.7% | 4.0% | 5.3% | 5.6% | — | — |
| FCF Yield | 2.5% | 3.4% | 6.6% | 1.4% | 1.4% | 3.2% | 6.7% | 12.7% | 5.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.6% | 1.0% | 0.8% | 0.4% | 0.7% | 0.3% | — | — |
| Total Shareholder Yield | 0.1% | 0.2% | 0.4% | 0.9% | 1.4% | 1.1% | 0.8% | 1.2% | 0.3% | — | — |
| Shares Outstanding | — | $49M | $49M | $49M | $49M | $49M | $49M | $48M | $49M | $49M | $49M |
Cyclical Margin Volatility
According to current market data, Arcosa trades at a 34.08x TTM P/E ratio, which appears disconnected from its recent operational performance and suggests investors are pricing in significant future growth that remains unverified by the company's current 2.39 PEG ratio and volatile earnings trajectory.
The current valuation premium relative to peers like CRH suggests the market is assigning a conglomerate multiple that may not be justified by the underlying cyclicality of the transportation and fabrication segments. Investors should monitor whether the company can sustain this multiple if the anticipated infrastructure-driven earnings growth fails to materialize in the coming quarters.
Based on reported financial figures, Arcosa's ROIC has struggled to gain traction, hovering near 0% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a trend that warrants further investigation by long-term shareholders.
The persistent decay in ROIC suggests that recent acquisitions and capital expenditures have not yet reached the necessary scale or efficiency to drive value creation. This performance gap compared to industry peers highlights the difficulty of integrating disparate business models while maintaining high returns on capital in a capital-intensive industrial environment.
As reported in quarterly filings, Arcosa's cash conversion cycle has expanded to 94 days in 2026Q1, reflecting a deterioration in working capital efficiency that suggests the company is increasingly reliant on inventory and receivables management to navigate its current operational challenges.
The lengthening of the CCC, driven by rising days sales outstanding and inventory levels, indicates potential friction in converting project-based revenue into actual cash inflows. This trend may suggest that the company is facing increased pressure from customers or supply chain bottlenecks, which could further strain liquidity if not addressed.
Based on an analysis of Arcosa's reporting, the 'backlog' metric is frequently misapplied by market participants as a proxy for future profitability, when in reality it often obscures the impact of pass-through steel costs and the inherent margin volatility of long-term percentage-of-completion contracts.
Investors should prioritize Adjusted EBITDA and Free Cash Flow over backlog growth, as the latter can be inflated by inflationary pressures on raw materials rather than genuine volume expansion. Relying on backlog figures without adjusting for contract-specific margin risks may lead to an overestimation of the company's ability to convert future orders into sustainable earnings.
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Quick answers to the most common questions about buying ACA stock.
Arcosa, Inc.'s current P/E ratio is 34.3x. The historical average is 26.4x. This places it at the 75th percentile of its historical range.
Arcosa, Inc.'s current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Arcosa, Inc.'s return on equity (ROE) is 8.3%. The historical average is 6.8%.
Based on historical data, Arcosa, Inc. is trading at a P/E of 34.3x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Arcosa, Inc.'s current dividend yield is 0.14% with a payout ratio of 4.8%.
Arcosa, Inc. has 22.4% gross margin and 11.8% operating margin. Operating margin between 10-20% is typical for established companies.
Arcosa, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.