Aecom (ACM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ACM SEC filings page.
Aecom (ACM) reported $15.4B in revenue over the twelve months to Jun 30, 2026, down 4.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AECOM's steady-volume business is converting margin improvement into cash while relying more heavily on balance-sheet financing.
Revenue was essentially flat from FY2024 to FY2025, yet gross margin expanded from6.7% to7.5% . Operating margin also rose from5.1% to6.4% , pointing to better economics on roughly the same sales base rather than volume-led growth.
Cash conversion was stronger than the accounting result: net income of
Balance-sheet financing has become more important: debt-to-equity reached 1.1x in FY2025 while the current ratio was 1.1x, indicating more creditor claims alongside only modest short-term coverage. That combination makes financing structure more central to the business than the margin improvement alone suggests.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Aecom's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Aecom has an operating margin of 6.4%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is up from 5.1% the prior year.
Aecom's revenue grew a modest 0.2% year-over-year to $16.1B. This slow but positive growth earns a score of 54/100.
Aecom has a moderate D/E ratio of 1.06. This balance of debt and equity financing earns a leverage score of 48/100.
Aecom's current ratio of 1.14 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Aecom has a free cash flow margin of 4.2%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.
Aecom earns a strong 22.5% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 18.4% the prior year.
Aecom scores 2.02, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Aecom passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Aecom generates $1.46 in operating cash flow ($821.6M OCF vs $561.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Aecom earns $5.57 in operating income for every $1 of interest expense ($1.0B vs $184.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Aecom generated $3.6B in revenue in Q3 2026. This represents a decrease of 14.2% from the same quarter a year earlier. Against the prior quarter it is down 5.7%.
Aecom's EBITDA was -$20.1M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 105.9% from the same quarter a year earlier. Against the prior quarter it is down 106.5%.
Aecom reported -$86.7M in net income in Q3 2026. This represents a decrease of 166.2% from the same quarter a year earlier. Against the prior quarter it is down 148.2%.
Aecom earned -$0.67 per diluted share (EPS) in Q3 2026. This represents a decrease of 168.4% from the same quarter a year earlier. Against the prior quarter it is down 148.2%.
Cash & Balance Sheet
Aecom generated $54.9M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 79.0% from the same quarter a year earlier. Against the prior quarter it is up 300.1%.
Aecom held $1.0B in cash against $2.7B in long-term debt as of Q3 2026.
Aecom paid $0.31 per share in dividends in Q3 2026. This represents an increase of 19.2% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Aecom's gross margin was -0.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 8.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.8 percentage points.
Aecom's operating margin was -2.1% in Q3 2026, reflecting core business profitability. This is down 9.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.6 percentage points.
Aecom's net profit margin was -2.4% in Q3 2026, showing the share of revenue converted to profit. This is down 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.2 percentage points.
Aecom's ROE was -4.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 9.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.9 percentage points.
Capital Allocation
Aecom spent $6K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.9% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Aecom invested $40.3M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 83.1% from the same quarter a year earlier. Against the prior quarter it is up 29.3%.
Not reported for Q3 2026.
ACM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B-14.2% | $3.8B+0.8% | $3.8B-4.6% | $4.2B+1.6% | $4.2B+0.7% | $3.8B-4.4% | $4.0B+2.9% | $4.1B+7.0% |
| Cost of Revenue | $3.6B-6.0% | $3.5B+0.7% | $3.5B-5.2% | $3.8B+0.7% | $3.9B-0.4% | $3.5B-5.5% | $3.7B+2.5% | $3.8B+6.3% |
| Gross Profit | -$34.0M-110.4% | $296.5M+2.0% | $281.0M+4.7% | $330.6M+12.4% | $326.9M+14.7% | $290.8M+11.3% | $268.4M+10.0% | $294.2M+16.6% |
| SG&A Expenses | $34.4M-9.9% | $44.3M+10.6% | $40.8M+0.9% | $39.2M-9.9% | $38.2M+5.4% | $40.1M-10.4% | $40.5M+13.3% | $43.5M+6.2% |
| Operating Income | -$76.0M-125.8% | $247.8M-3.8% | $222.0M-6.5% | $237.4M+0.4% | $294.1M+29.3% | $257.6M+28.5% | $237.5M+45.6% | $236.4M+194.1% |
| EBITDA | -$20.1M-105.9% | $307.2M+2.7% | $274.1M-2.0% | $151.3M-46.2% | $338.6M+23.7% | $299.1M+22.2% | $279.8M+35.5% | $281.3M+124.9% |
| Interest Expense | $47.6M+18.5% | $50.6M+19.8% | $45.3M+5.2% | $58.9M+30.6% | $40.2M-21.7% | $42.2M-11.6% | $43.0M+4.3% | $45.1M+8.9% |
| Income Tax | -$26.6M-140.8% | $26.8M-47.6% | $39.1M+33.7% | $58.4M+67.7% | $65.1M+41.5% | $51.2M+12.9% | $29.2M+9.7% | $34.8M+279.2% |
| Net Income | -$86.7M-166.2% | $179.9M+25.4% | $74.5M-55.4% | $120.4M-30.2% | $131.0M-2.5% | $143.4M+14139.7% | $167.0M+76.9% | $172.5M+577.4% |
| EPS (Basic) | -$0.67-167.7% | $1.40+29.6% | $0.57-54.8% | $0.91-28.9% | $0.990.0% | $1.08+10700.0% | $1.26+82.6% | $1.28+611.1% |
| EPS (Diluted) | -$0.67-168.4% | $1.39+28.7% | $0.56-55.2% | $0.90-29.1% | $0.980.0% | $1.08+10700.0% | $1.25+81.2% | $1.27+605.6% |
| Diluted Shares (Avg) | 129M-3.4% | 129M-2.9% | 132M-1.2% | N/A | 133M-2.7% | 133M-2.6% | 134M-2.5% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
ACM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.0B-1.8% | $12.0B+1.9% | $11.9B+1.0% | $12.2B+1.1% | $12.3B+1.7% | $11.8B+2.8% | $11.8B+3.8% | $12.1B+7.4% |
| Current Assets | $6.3B-12.6% | $6.5B-6.3% | $6.5B-7.3% | $6.7B-4.6% | $7.3B+2.1% | $6.9B+6.7% | $7.0B+11.4% | $7.1B+14.4% |
| Cash & Equivalents | $1.0B-43.5% | $1.0B-35.4% | $1.2B-21.1% | $1.6B+0.3% | $1.8B+9.1% | $1.6B+34.9% | $1.6B+32.6% | $1.6B+25.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $2.4B-8.0% | $2.5B-2.1% | $2.3B-11.3% | $2.5B-10.6% | $2.6B-2.4% | $2.5B-4.9% | $2.6B+4.9% | $2.8B+9.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.8B+8.0% | $3.8B+9.2% | $3.8B+10.1% | $3.7B+6.3% | $3.5B+1.1% | $3.4B-0.1% | $3.4B-0.9% | $3.5B+1.8% |
| Total Liabilities | $9.6B+0.8% | $9.5B+2.3% | $9.5B+0.8% | $9.5B-1.9% | $9.6B+0.1% | $9.3B+2.8% | $9.4B+5.1% | $9.7B+9.5% |
| Current Liabilities | $6.0B-3.5% | $5.9B-2.4% | $5.9B-4.2% | $5.9B-7.0% | $6.2B-1.0% | $6.0B-2.0% | $6.1B+2.3% | $6.4B+9.0% |
| Non-Current Liabilities | $3.6B+8.8% | $3.7B+10.9% | $3.6B+10.1% | $3.6B+7.8% | $3.3B+2.1% | $3.3B+12.8% | $3.3B+10.8% | $3.3B+10.6% |
| Long-Term Debt | $2.7B+8.0% | $2.7B+8.1% | $2.6B+7.6% | $2.6B+8.0% | $2.5B+0.2% | $2.5B+16.8% | $2.5B+16.4% | $2.5B+15.9% |
| Total Equity | $2.2B-12.0% | $2.3B-0.6% | $2.2B+1.3% | $2.5B+14.1% | $2.5B+8.4% | $2.3B+3.9% | $2.2B-1.9% | $2.2B-1.3% |
| Retained Earnings | -$1.6B-51.1% | -$1.5B-28.2% | -$1.5B-26.6% | -$1.2B+4.4% | -$1.1B+4.2% | -$1.2B+0.8% | -$1.2B-6.7% | -$1.3B-16.1% |
Not reported in any period shown, so not listed: Inventory.
ACM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $95.2M-66.4% | $3.8M-98.0% | $70.2M-53.5% | $196.1M-34.4% | $283.7M-2.6% | $190.7M+102.1% | $151.1M+5.6% | $298.8M+4.8% |
| Depreciation & Amortization | $55.9M+25.5% | $59.5M+43.2% | $52.0M+23.0% | -$86.1M-291.5% | $44.5M-3.9% | $41.5M-6.0% | $42.3M-2.4% | $44.9M+0.6% |
| Stock-Based Compensation | N/A | N/A | $16.0M-4.8% | N/A | N/A | N/A | $16.8M+11.8% | N/A |
| Capital Expenditures | $40.3M+83.1% | $31.2M+152.1% | $28.3M-29.6% | $62.0M+155.1% | $22.0M+18.9% | $12.4M-39.6% | $40.2M-28.5% | $24.3M+9.0% |
| Free Cash Flow | $54.9M-79.0% | -$27.4M-115.4% | $41.9M-62.2% | $134.1M-51.1% | $261.7M-4.1% | $178.3M+141.4% | $110.9M+27.7% | $274.5M+4.4% |
| Investing Cash Flow | -$72.3M-53.0% | -$40.4M+34.1% | -$34.8M-40.7% | -$279.9M-1031.2% | -$47.3M+26.1% | -$61.3M-74.5% | -$24.7M+71.5% | -$24.7M+22.0% |
| Financing Cash Flow | -$43.2M+4.4% | -$173.2M-50.4% | -$374.2M-208.4% | -$122.1M+64.1% | -$45.2M-119.4% | -$115.1M-85.2% | -$121.3M+3.9% | -$339.8M-26.4% |
| Dividends Paid | $39.8M+15.1% | $40.4M+13.7% | $35.4M+21.3% | $34.4M+15.3% | $34.5M+15.3% | $35.5M+14.6% | $29.1M+19.1% | $29.9M+19.7% |
| Share Buybacks | -$6K-99.9% | $116.0M+47.8% | $325.9M+490.8% | $250.1M-20.7% | $4.7M-90.6% | $78.5M+274.6% | $55.2M-40.1% | $315.4M+34.7% |
ACM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -0.9%-8.8pp | 7.8%+0.1pp | 7.3%+0.6pp | 7.9%+0.8pp | 7.8%+1.0pp | 7.7%+1.1pp | 6.7%+0.4pp | 7.2%+0.6pp |
| Operating Margin | -2.1%-9.2pp | 6.5%-0.3pp | 5.8%-0.1pp | 5.7%-0.1pp | 7.0%+1.6pp | 6.8%+1.8pp | 5.9%+1.7pp | 5.8%+3.7pp |
| Net Margin | -2.4%-5.5pp | 4.7%+0.9pp | 1.9%-2.2pp | 2.9%-1.3pp | 3.1%-0.1pp | 3.8%+3.8pp | 4.2%+1.7pp | 4.2%+3.5pp |
| Return on Equity | -4.0%-9.2pp | 7.9%+1.7pp | 3.3%-4.2pp | 4.8%-3.1pp | 5.3%-0.6pp | 6.3%+6.2pp | 7.6%+3.4pp | 7.9%+6.8pp |
| Return on Assets | -0.7%-1.8pp | 1.5%+0.3pp | 0.6%-0.8pp | 1.0%-0.4pp | 1.1%0.0pp | 1.2%+1.2pp | 1.4%+0.6pp | 1.4%+1.2pp |
| Current Ratio | 1.06-0.1x | 1.110.0x | 1.100.0x | 1.140.0x | 1.170.0x | 1.15+0.1x | 1.14+0.1x | 1.11+0.1x |
| Debt-to-Equity | 1.21+0.2x | 1.17+0.1x | 1.18+0.1x | 1.06-0.1x | 0.99-0.1x | 1.07+0.1x | 1.11+0.2x | 1.12+0.2x |
| Asset Turnover | 0.300.0x | 0.320.0x | 0.320.0x | 0.340.0x | 0.340.0x | 0.320.0x | 0.340.0x | 0.340.0x |
| FCF Margin | 1.5%-4.7pp | -0.7%-5.5pp | 1.1%-1.7pp | 3.2%-3.5pp | 6.3%-0.3pp | 4.7%+2.9pp | 2.8%+0.5pp | 6.7%-0.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Aecom ACM | FY2025 | $16.1B | $561.8M | 3.5% | $7.7B | 50/100 |
| Jacobs Solutions Inc. J | FY2025 | $12.0B | $289.3M | 2.4% | $16.2B | 53/100 |
| APi Group Corporation APG | FY2025 | $7.9B | $302.0M | 3.8% | $17.5B | 51/100 |
| MasTec, Inc. MTZ | FY2025 | $14.3B | $399.0M | 2.8% | $17.3B | 32/100 |
| TopBuild Corp. BLD | FY2025 | $5.4B | $521.7M | 9.7% | $9.9B | 60/100 |
Where Aecom Ranks
Frequently Asked Questions
What is Aecom's annual revenue?
Aecom (ACM) reported $16.1B in total revenue for fiscal year 2025. This represents a 0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Aecom's revenue growing?
Aecom (ACM) revenue grew by 0.2% year-over-year, from $16.1B to $16.1B in fiscal year 2025.
Is Aecom profitable?
Yes, Aecom (ACM) reported a net income of $561.8M in fiscal year 2025, with a net profit margin of 3.5%.
What is Aecom's EBITDA?
Aecom (ACM) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Aecom have?
As of fiscal year 2025, Aecom (ACM) had $1.6B in cash and equivalents against $2.6B in long-term debt.
What is Aecom's gross margin?
Aecom (ACM) had a gross margin of 7.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Aecom's operating margin?
Aecom (ACM) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Aecom's net profit margin?
Aecom (ACM) had a net profit margin of 3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Aecom's return on equity (ROE)?
Aecom (ACM) has a return on equity of 22.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Aecom's free cash flow?
Aecom (ACM) generated $684.9M in free cash flow during fiscal year 2025. This represents a -3.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Aecom's operating cash flow?
Aecom (ACM) generated $821.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Aecom's total assets?
Aecom (ACM) had $12.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Aecom's capital expenditures?
Aecom (ACM) invested $136.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Aecom's current ratio?
Aecom (ACM) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.
What is Aecom's debt-to-equity ratio?
Aecom (ACM) had a debt-to-equity ratio of 1.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Aecom's return on assets (ROA)?
Aecom (ACM) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Aecom's P/E ratio?
Aecom (ACM) trades at 26.7x earnings, its market capitalization divided by net income of $288.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.7B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Aecom's price-to-sales ratio?
Aecom (ACM) trades at 0.5x sales, its market capitalization divided by revenue of $15.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.7B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Aecom's Altman Z-Score?
Aecom (ACM) has an Altman Z-Score of 2.02, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Aecom's Piotroski F-Score?
Aecom (ACM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Aecom's earnings high quality?
Aecom (ACM) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Aecom cover its interest payments?
Aecom (ACM) has an interest coverage ratio of 5.57x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Aecom?
Aecom (ACM) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.