AECOM Stock Price, News & Analysis

AECOM (NYSE: ACM) is described in its public communications as the global infrastructure leader and a trusted professional services firm with deep technical abilities. According to the company, it focuses on solving complex challenges for clients across water, environment, energy, transportation, and buildings, positioning itself within the engineering services and broader professional, scientific, and technical services sector.

AECOM states that its teams partner with both public- and private-sector clients to deliver solutions throughout the entire project lifecycle. This lifecycle approach spans advisory, planning, design and engineering, program management, and construction management. The company emphasizes that these capabilities are applied to create infrastructure that is sustainable, resilient, and intended to deliver long-term benefits for communities and stakeholders.

Business focus and service offerings

Based on multiple company news releases, AECOM’s work covers a broad range of infrastructure end markets. In water and environmental infrastructure, the firm has been selected as a preferred bidder and primary designer for Scottish Water’s Enterprise Alliance, supporting a multi‑year investment program to enhance water and wastewater infrastructure. In transportation, AECOM highlights its role in highway frameworks in England, aviation infrastructure for the U.S. Federal Aviation Administration, and large multi‑venue programs such as the Brisbane 2032 Olympic and Paralympic Games.

The company describes itself as a Fortune 500 firm and reports revenue of $16.1 billion in fiscal year 2025. AECOM communications also reference its role as a global infrastructure leader, which is supported by its participation in large, complex programs across multiple regions and sectors, including national highways, aviation, and major urban development initiatives.

Project lifecycle and technical capabilities

AECOM’s descriptions of its own business emphasize an integrated project lifecycle model. The company indicates that it can support clients from early-stage advisory and planning through design and engineering, and on to program and construction management. In several announcements, AECOM notes that it brings technical expertise in areas such as architectural and engineering design, environmental compliance and remediation, and program management for complex, multi‑site infrastructure programs.

In its work with U.S. federal agencies under the GSA OASIS+ contract, AECOM highlights its ability to provide integrated support across architectural and engineering design, environmental services, and advisory and program management. In aviation, the company notes experience delivering more than 20 air traffic control towers and a wide range of facilities such as Terminal Radar Approach Control facilities and navigational aids, along with architectural, structural, mechanical, electrical, civil, fire life safety, and environmental design services.

End markets and illustrative programs

Across its disclosures, AECOM points to several key end markets:

• Water and wastewater: Primary designer and preferred bidder for Scottish Water’s Enterprise Alliance, focusing on water and wastewater infrastructure across Scotland.
• Transportation and highways: Participation in National Highways’ SPaTS3 framework in England, providing specialist technical and advisory services to improve safety and resilience on the strategic road network.
• Aviation infrastructure: Nationwide architecture and engineering support for the U.S. Federal Aviation Administration across multiple service areas, including design and construction administration for air traffic control facilities and related systems.
• Sports and major events infrastructure: Delivery Partner (through the Unite32 joint venture) for the Brisbane 2032 Olympic and Paralympic Games venues infrastructure program, and prior roles on other Olympic and Paralympic Games programs.
• Urban development and buildings: Design consultancy services, in joint venture, for The Mukaab in Riyadh’s New Murabba development, a large mixed‑use urban project that includes residential, hospitality, retail, and cultural spaces.

These examples, drawn from AECOM’s own announcements, illustrate the company’s focus on large‑scale, complex infrastructure and building programs that often span multiple years and involve coordination with government agencies, utilities, and private developers.

Financial profile and capital markets presence

AECOM’s common stock, with a par value of $0.01 per share, trades on the New York Stock Exchange under the symbol ACM, as disclosed in its Form 8‑K filings. The company reports results based on 52‑ or 53‑week fiscal periods ending near the end of September, December, March, and June.

In its earnings announcements, AECOM has highlighted metrics such as revenue, net service revenue, operating income, margins, and backlog, as well as its use of non‑GAAP measures like adjusted EBITDA, adjusted EPS, and free cash flow. The company also reports on its backlog and pipeline of design opportunities, noting growth in both Americas and International design businesses and referencing multi‑year funding trends for infrastructure in its major markets.

AECOM has an ongoing quarterly dividend program, with its Board of Directors declaring cash dividends per share as disclosed in multiple Form 8‑K filings. The company also describes a capital allocation approach that includes share repurchases and dividends, and has issued senior notes due 2033 under an indenture, with the proceeds used in part to refinance existing notes and for general corporate purposes.

Strategic focus and use of AI and advisory capabilities

In its Investor Day materials and related press releases, AECOM discusses proprietary AECOM AI capabilities and a growing Advisory business as important elements of its strategy. The company indicates that it is investing in AI and advisory services to increase operating leverage and expand its value proposition to clients. It references a team of professionals with advanced degrees in AI, machine learning, mathematics, physics, data sciences, and computer sciences who work with its technical experts to develop new ways of delivering projects.

AECOM communications also describe expectations for its Advisory business to expand and for AI‑enabled ways of working to influence margins and earnings targets over a multi‑year period. These strategic themes are presented by the company as part of its long‑term financial targets and its focus on higher‑margin, higher‑returning markets and services.

Business segments and geographic scope

In its financial reporting, AECOM refers to Americas and International segments. The Americas segment includes revenue and net service revenue from work in that region, while the International segment covers operations outside the Americas. The company reports segment operating income and margins on a net service revenue basis for each segment.

Specific project announcements show activity in regions such as the United States (including federal agencies and aviation infrastructure), the United Kingdom (highways and water sector programs), Australia (Brisbane 2032 venues infrastructure), Saudi Arabia (The Mukaab in Riyadh), and Scotland (water and wastewater infrastructure). These disclosures indicate that AECOM applies its advisory, design, engineering, and program management capabilities across multiple geographies and regulatory environments.

Corporate actions and financing

Through its Form 8‑K filings, AECOM has disclosed actions such as:

• Issuing 6.000% Senior Notes due 2033 under an indenture, with guarantees from certain domestic restricted subsidiaries.
• Launching and completing a tender offer for existing senior notes due 2027, using proceeds from the new notes to purchase and redeem those securities.
• Announcing reviews of strategic alternatives for its Construction Management business, including a possible sale, as part of a focus on its fastest‑growing and highest‑returning markets and businesses.
• Reporting quarterly and annual financial results and updating long‑term financial targets, including margin and adjusted EPS growth objectives.

These disclosures provide insight into how AECOM manages its capital structure, portfolio focus, and long‑term strategic positioning within the infrastructure and engineering services industry.

Position within the engineering services and infrastructure sector

Across its news releases, AECOM consistently characterizes itself as a trusted global infrastructure leader with deep technical expertise. It highlights roles on large, complex programs such as Olympic and Paralympic Games infrastructure, national highways frameworks, major aviation contracts, and large urban development projects. The company also references rankings in specific subsectors, such as being described as the world’s top‑ranked water design firm by a third‑party publication in one release and the world’s top highways design firm in another, which it presents as evidence of its technical leadership in those domains.

Within the broader engineering services and professional, scientific, and technical services sector, AECOM’s own communications emphasize its combination of advisory, design, engineering, and program and construction management services, applied across multiple infrastructure end markets and geographies, and supported by ongoing investments in AI and advisory capabilities.