ACM Industrials

AECOM

$66.25+0.87%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Industrials
Industry: Engineering & Construction
Country: United States
Market cap: 8.5B USD
Enterprise value: 9.3B USD
Full-time employees: 51,000

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.93 vs a peer median of 0.64), though less than the overall market, less short-term liquidity (current ratio 1.06 vs a peer median of 1.62) and more debt relative to equity (1.25× vs a peer median of 0.40×)higher risk: bigger price swings (beta 0.93 vs peers 0.64), less liquidity (current ratio 1.06 vs peers 1.62) and more debt vs equity (1.25× vs peers 0.40×)
About average: profitability and valuation

Ranks #1,925 of 2,308 industrials companies (bottom 17%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year high. 6.4% in FY Sep 2025, the best of the last 6 years.
AECOM kept 6.4% of revenue as operating profit in FY Sep 2025, its highest in the 6 years of filings we have.
Profits growing faster than sales. Since FY Sep 2022: revenue +23%, operating profit +59%.
Since FY Sep 2022, AECOM's revenue grew 23% while operating profit grew 59%: each extra dollar of sales is adding more profit.
Share count shrinking. Shares outstanding down 7.4% from September 2022 to August 2026.
AECOM had 7.4% fewer shares at August 2026 than at September 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Revenue is falling. Revenue fell 4.2% in the 12 months to June 2026 vs the 12 months before.
AECOM's revenue fell 4.2% in the 12 months to June 2026 vs the 12 months before.

StockQuotient Score

31/ 100▼ 1 since Oct 27 close

Oct 5 32 → Nov 4 31 (-1)

Valuation

Is the price right?

44/100

Moderate▼ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 47 → 44

Share price +7.7%-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.13Sector median: 0.0377 · MAD: 0.0294

EBITDA yield7.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.01Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield2.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.35Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield25.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

19/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 3.7%

Why

Weaker than most peers on:

▼ EPS growth
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-51.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.37Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth3.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.14Sector median: 0.0421 · MAD: 0.0625

Revenue growth-4.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.13Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

45/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 2.2 points to 4.1%

Why it changed since the Oct 27, 2026 close: Score 46 → 45

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.72Sector median: 0.0773 · MAD: 0.0507

Return on assets2.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.30Sector median: 0.0311 · MAD: 0.0241

Return on invested capital12.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.00Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin5.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity13.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.93

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.04Sector median: 0.6440 · MAD: 0.2745

Current ratio1.06×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.05Sector median: 1.6180 · MAD: 0.5360

Debt / equity1.25×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.52Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about AECOM

Is AECOM getting weaker?: Its latest SEC filing (Aug 11, 2026) got weaker in some ways: operating margin fell 2.2 points to 4.1%; 12-month revenue fell 3.7%. Its overall score is 31/100, down 1 since Oct 28, 2026.
How is AECOM valued vs its peers?: Priced about in line with its peers. Valuation scores 44/100 against 2,459 industrials peers. Free cash flow yield 2.4% vs a peer median of 3.7% (weaker than 62% of peers).Free cash flow yield 2.4% vs peers 3.7% (weaker than 62% of peers).
Is AECOM growing?: More slowly than most of its peers. Growth scores 19/100 against 2,459 industrials peers. Earnings per share growth -51.7% vs a peer median of 7.1% (weaker than 92% of peers).Earnings per share growth -51.7% vs peers 7.1% (weaker than 92% of peers).
How profitable is AECOM?: About as profitable as its peers. Profitability scores 45/100 against 2,459 industrials peers. Return on invested capital 12.7% vs a peer median of 7.1% (stronger than 72% of peers).Return on invested capital 12.7% vs peers 7.1% (stronger than 72% of peers). Operating margin 4.1% vs a peer median of 7.7% (weaker than 71% of peers).Operating margin 4.1% vs peers 7.7% (weaker than 71% of peers).
How risky is AECOM?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.25× vs a peer median of 0.40× (weaker than 83% of peers).Debt / equity 1.25× vs peers 0.40× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 11, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 2.2 points to 4.1%
12-month revenue fell 3.7%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	16.0B USD	15.4B USD	−3.7%
Net income (12 months)	505.7M USD	288.0M USD	−43.0%
Operating margin	6.3%	4.1%	−2.2 pts
Free cash flow (12 months)	410.2M USD	203.4M USD	−50.4%
Debt	2.7B USD	2.7B USD	−0.1%
Cash	1.0B USD	1.0B USD	−2.1%
Shares outstanding	128.5M	128.7M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Engineering & Construction companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Sep 2021	FY Sep 2022	FY Sep 2023	FY Sep 2024	FY Sep 2025	Change
Gross margin	6.0%	6.4%	6.6%	6.7%	7.5%	▲ 0.8 pts
Operating margin	4.7%	4.9%	2.3%	5.1%	6.4%	▲ 1.2 pts
Net margin	1.3%	2.4%	0.4%	2.5%	3.5%	▲ 1.0 pts
Return on assets (ROA)	1.5%	2.8%	0.5%	3.3%	4.6%	▲ 1.3 pts
Return on equity (ROE)	6.4%	12.5%	2.5%	18.4%	22.5%	▲ 4.1 pts
Free cash flow margin	4.3%	4.4%	4.1%	4.4%	4.2%	▼ 0.2 pts
Current ratio	1.12×	1.08×	1.05×	1.11×	1.14×	▲ 2.5%
Debt to equity	0.82×	0.90×	1.00×	1.16×	1.10×	▼ 5.3%
Interest coverage	—	5.87×	2.03×	4.46×	5.57×	▲ 25%

ACM price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.93 vs a peer median of 0.64), though less than the overall market, less short-term liquidity (current ratio 1.06 vs a peer median of 1.62) and more debt relative to equity (1.25× vs a peer median of 0.40×)higher risk: bigger price swings (beta 0.93 vs peers 0.64), less liquidity (current ratio 1.06 vs peers 1.62) and more debt vs equity (1.25× vs peers 0.40×)

About average: profitability and valuation

Ranks #1,925 of 2,308 industrials companies (bottom 17%)

See how it ranks against its peers

Worth knowing

Operating margin at a 6-year high. 6.4% in FY Sep 2025, the best of the last 6 years.

AECOM kept 6.4% of revenue as operating profit in FY Sep 2025, its highest in the 6 years of filings we have.

Profits growing faster than sales. Since FY Sep 2022: revenue +23%, operating profit +59%.

Since FY Sep 2022, AECOM's revenue grew 23% while operating profit grew 59%: each extra dollar of sales is adding more profit.

Share count shrinking. Shares outstanding down 7.4% from September 2022 to August 2026.

AECOM had 7.4% fewer shares at August 2026 than at September 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Revenue is falling. Revenue fell 4.2% in the 12 months to June 2026 vs the 12 months before.

AECOM's revenue fell 4.2% in the 12 months to June 2026 vs the 12 months before.

Questions investors ask about AECOM

Is AECOM getting weaker?

Its latest SEC filing (Aug 11, 2026) got weaker in some ways: operating margin fell 2.2 points to 4.1%; 12-month revenue fell 3.7%. Its overall score is 31/100, down 1 since Oct 28, 2026.

How is AECOM valued vs its peers?

Priced about in line with its peers. Valuation scores 44/100 against 2,459 industrials peers. Free cash flow yield 2.4% vs a peer median of 3.7% (weaker than 62% of peers).Free cash flow yield 2.4% vs peers 3.7% (weaker than 62% of peers).

Is AECOM growing?

More slowly than most of its peers. Growth scores 19/100 against 2,459 industrials peers. Earnings per share growth -51.7% vs a peer median of 7.1% (weaker than 92% of peers).Earnings per share growth -51.7% vs peers 7.1% (weaker than 92% of peers).

How profitable is AECOM?

About as profitable as its peers. Profitability scores 45/100 against 2,459 industrials peers. Return on invested capital 12.7% vs a peer median of 7.1% (stronger than 72% of peers).Return on invested capital 12.7% vs peers 7.1% (stronger than 72% of peers). Operating margin 4.1% vs a peer median of 7.7% (weaker than 71% of peers).Operating margin 4.1% vs peers 7.7% (weaker than 71% of peers).

How risky is AECOM?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.25× vs a peer median of 0.40× (weaker than 83% of peers).Debt / equity 1.25× vs peers 0.40× (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

16.0B USD

15.4B USD

−3.7%

Net income (12 months)

505.7M USD

288.0M USD

−43.0%

Operating margin

6.3%

4.1%

−2.2 pts

Free cash flow (12 months)

410.2M USD

203.4M USD

−50.4%

Debt

2.7B USD

2.7B USD

−0.1%

Cash

1.0B USD

1.0B USD

−2.1%

Shares outstanding

128.5M

128.7M

+0.1%

Key ratios

FY Sep 2021

FY Sep 2022

FY Sep 2023

FY Sep 2024

FY Sep 2025

Change

Gross margin

6.0%

6.4%

6.6%

6.7%

7.5%

▲ 0.8 pts

Operating margin

4.7%

4.9%

2.3%

5.1%

6.4%

▲ 1.2 pts

Net margin

1.3%

2.4%

0.4%

2.5%

3.5%

▲ 1.0 pts

Return on assets (ROA)

1.5%

2.8%

0.5%

3.3%

4.6%

▲ 1.3 pts

Return on equity (ROE)

6.4%

12.5%

2.5%

18.4%

22.5%

▲ 4.1 pts

Free cash flow margin

4.3%

4.4%

4.1%

4.4%

4.2%

▼ 0.2 pts

Current ratio

1.12×

1.08×

1.05×

1.11×

1.14×

▲ 2.5%

Debt to equity

0.82×

0.90×

1.00×

1.16×

1.10×

▼ 5.3%

Interest coverage

—

5.87×

2.03×

4.46×

5.57×

▲ 25%