Aecom (ACM) Financial Ratios
24 years of historical data (2002–2025) · Industrials · Engineering & Construction
EV/EBITDA
↑
10.67
↓-37% vs avg
5yr avg: 17.07
30Y Low5.3·High26.3
P/FCF
↑
16.15
↓-18% vs avg
5yr avg: 19.71
30Y Low5.9·High38.7
P/B Ratio
↑
4.15
↓-15% vs avg
5yr avg: 4.87
30Y Low0.9·High6.5
ROE
↑
22.2%
↓+90% vs avg
5yr avg: 11.7%
30Y Low-6%·High22%
Debt/EBITDA
↓
2.80
↓-24% vs avg
5yr avg: 3.66
30Y Low0.2·High7.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ACM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Aecom trades at 19.9x earnings, 73% below its 5-year average of 72.9x, sitting at the 50th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a discount of 23%. On a free-cash-flow basis, the stock trades at 16.1x P/FCF, 18% below the 5-year average of 19.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.1B | $17.4B | $14.1B | $11.6B | $9.8B | $9.5B | $6.7B | $5.9B | $5.3B | $5.9B | $4.6B |
| Enterprise Value | $12.8B | $19.2B | $15.5B | $13.1B | $11.4B | $11.1B | $7.8B | $8.3B | $8.0B | $8.9B | $8.0B |
| P/E Ratio → | 19.93 | 30.99 | 35.01 | 212.92 | 31.36 | 54.44 | — | — | 38.88 | 17.28 | 47.95 |
| P/S Ratio | 0.69 | 1.08 | 0.87 | 0.81 | 0.74 | 0.71 | 0.51 | 0.43 | 0.38 | 0.32 | 0.27 |
| P/B Ratio | 4.15 | 6.45 | 5.94 | 4.88 | 3.74 | 3.34 | 1.98 | 1.51 | 1.24 | 1.39 | 1.31 |
| P/FCF | 16.15 | 25.39 | 19.91 | 19.71 | 16.92 | 16.63 | 31.38 | 8.71 | 8.01 | 9.60 | 7.45 |
| P/OCF | 13.46 | 21.17 | 17.03 | 16.72 | 13.67 | 13.41 | 20.47 | 7.59 | 6.84 | 8.41 | 5.70 |
P/E links to full P/E history page with 30-year chart
ACM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Aecom's enterprise value stands at 10.7x EBITDA, 37% below its 5-year average of 17.1x. The Industrials sector median is 13.9x, placing the stock at a 23% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.19 | 0.96 | 0.91 | 0.87 | 0.83 | 0.59 | 0.61 | 0.58 | 0.49 | 0.46 |
| EV / EBITDA | 10.67 | 15.94 | 15.44 | 26.26 | 13.92 | 13.79 | 12.68 | 12.67 | 12.18 | 9.54 | 10.35 |
| EV / EBIT | 12.50 | 17.43 | 17.20 | 35.22 | 17.22 | 17.17 | 19.99 | 20.28 | 19.46 | 13.47 | 20.89 |
| EV / FCF | — | 27.99 | 21.95 | 22.23 | 19.74 | 19.55 | 36.49 | 12.30 | 12.16 | 14.58 | 12.87 |
ACM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Aecom earns an operating margin of 6.4%, roughly in line with the Industrials sector average. Operating margins have expanded from 2.3% to 6.4% over the past 3 years, signaling improving operational efficiency. ROE of 22.2% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 18.6% represents solid returns on invested capital versus a sector median of 6.3%.
Margins
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 | 7.5% | 7.5% | 6.7% | 6.6% | 6.4% | 6.0% | 5.4% | 4.5% | 3.5% | 3.8% | 3.7% |
| Operating Margin | 6.4% | 6.4% | 5.1% | 2.3% | 4.9% | 4.7% | 2.9% | 2.9% | 2.8% | 3.6% | 2.2% |
| Net Profit Margin | 3.5% | 3.5% | 2.5% | 0.4% | 2.4% | 1.3% | -1.4% | -1.9% | 1.0% | 1.9% | 0.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.2% | 22.2% | 16.9% | 2.2% | 11.4% | 5.5% | -5.1% | -6.4% | 3.2% | 8.7% | 2.7% |
| ROA | 4.6% | 4.6% | 3.5% | 0.5% | 2.7% | 1.4% | -1.4% | -1.8% | 0.9% | 2.4% | 0.7% |
| ROIC | 18.6% | 18.6% | 16.1% | 6.0% | 11.1% | 10.5% | 5.3% | 4.5% | 4.1% | 6.9% | 3.9% |
| ROCE | 17.2% | 17.2% | 14.9% | 5.8% | 10.8% | 9.6% | 5.1% | 4.8% | 4.5% | 7.6% | 4.3% |
ACM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Aecom carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (12% below the sector average of 3.2x). Net debt stands at $1.8B ($3.4B total debt minus $1.6B cash). Interest coverage of 5.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 1.25 | 1.28 | 1.15 | 1.07 | 1.02 | 0.82 | 0.85 | 0.85 | 0.91 | 1.15 |
| Debt / EBITDA | 2.80 | 2.80 | 3.01 | 5.50 | 3.43 | 3.59 | 4.54 | 5.05 | 5.49 | 4.12 | 5.25 |
| Net Debt / Equity | — | 0.66 | 0.61 | 0.63 | 0.63 | 0.59 | 0.32 | 0.62 | 0.64 | 0.72 | 0.95 |
| Net Debt / EBITDA | 1.48 | 1.48 | 1.44 | 2.98 | 1.99 | 2.06 | 1.78 | 3.70 | 4.15 | 3.26 | 4.36 |
| Debt / FCF | — | 2.59 | 2.04 | 2.53 | 2.82 | 2.92 | 5.11 | 3.59 | 4.14 | 4.98 | 5.42 |
| Interest Coverage | 5.57 | 5.57 | 4.46 | 2.03 | 5.87 | 2.64 | 2.39 | 2.45 | 1.95 | 2.83 | 1.45 |
ACM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means Aecom can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.05x to 1.14x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.13 | 1.05 | 1.08 | 1.12 | 1.24 | 1.17 | 1.16 | 1.20 | 1.13 |
| Quick Ratio | 1.14 | 1.14 | 1.13 | 1.05 | 1.08 | 1.12 | 1.24 | 1.17 | 1.16 | 1.20 | 1.13 |
| Cash Ratio | 0.27 | 0.27 | 0.25 | 0.22 | 0.22 | 0.22 | 0.28 | 0.14 | 0.14 | 0.14 | 0.13 |
| Asset Turnover | — | 1.32 | 1.34 | 1.28 | 1.18 | 1.14 | 1.02 | 0.94 | 0.95 | 1.26 | 1.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 100.15 | 107.86 | 103.67 | 105.83 | 111.24 | 122.34 | 120.40 | 147.17 | 103.93 | 95.98 |
ACM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Aecom returns 4.7% to shareholders annually — split between a 1.2% dividend yield and 3.5% buyback yield. The payout ratio of 23.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 1.2% | 0.8% | 0.8% | 0.8% | 0.6% | — | — | — | — | — | — |
| Payout Ratio | 23.8% | 23.8% | 28.6% | 173.8% | 20.4% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 3.2% | 2.9% | 0.5% | 3.2% | 1.8% | — | — | 2.6% | 5.8% | 2.1% |
| FCF Yield | 6.2% | 3.9% | 5.0% | 5.1% | 5.9% | 6.0% | 3.2% | 11.5% | 12.5% | 10.4% | 13.4% |
| Buyback Yield | 3.5% | 2.2% | 3.4% | 3.3% | 4.8% | 9.2% | 2.8% | 1.7% | 3.4% | 0.4% | 0.6% |
| Total Shareholder Yield | 4.7% | 3.0% | 4.2% | 4.1% | 5.5% | 9.2% | 2.8% | 1.7% | 3.4% | 0.4% | 0.6% |
| Shares Outstanding | — | $133M | $136M | $140M | $143M | $150M | $161M | $157M | $162M | $159M | $156M |
Peer Comparison
Compare ACM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ACMYou | $11B | 19.9 | 10.7 | 16.1 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 J | $15B | 53.2 | 14.8 | 24.5 | 24.8% | 7.2% | 5.8% | 9.9% | 2.5 |
 PWR | $118B | 115.5 | 47.8 | 72.7 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 MTZ | $34B | 85.5 | 33.9 | 119.5 | 9.6% | 4.6% | 12.6% | 8.9% | 2.6 |
 STRL | $27B | 94.5 | 55.3 | 75.0 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 KBR | $4B | 10.9 | 9.6 | 9.2 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 TTEK | $8B | 33.3 | 13.4 | 18.4 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 PRIM | $5B | 20.2 | 12.3 | 16.1 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 DY | $13B | 57.8 | 26.4 | 134.4 | 15.6% | 7.2% | 20.4% | 12.6% | 2.0 |
 MYRG | $7B | 60.4 | 30.7 | 30.5 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 CRH | $77B | 20.9 | 12.4 | 30.5 | 36.1% | 14.2% | 15.7% | 10.7% | 2.6 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonACM — Frequently Asked Questions
Quick answers to the most common questions about buying ACM stock.
What is Aecom's P/E ratio?
Aecom's current P/E ratio is 19.9x. The historical average is 26.2x. This places it at the 50th percentile of its historical range.
What is Aecom's EV/EBITDA?
Aecom's current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
What is Aecom's ROE?
Aecom's return on equity (ROE) is 22.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.5%.
Is ACM stock overvalued?
Based on historical data, Aecom is trading at a P/E of 19.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Aecom's dividend yield?
Aecom's current dividend yield is 1.19% with a payout ratio of 23.8%.
What are Aecom's profit margins?
Aecom has 7.5% gross margin and 6.4% operating margin.
How much debt does Aecom have?
Aecom's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.