AECOM (ACM) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

AECOM (ACM) Industrial Operations Profile

AECOM is a leading global infrastructure consulting firm, delivering comprehensive services across diverse sectors including transportation, water, and government. With a presence in the Americas, Europe, the Middle East, Africa, and Asia Pacific, AECOM provides integrated solutions from planning and design to construction and program management.

What Is the Investment Thesis for ACM?

With a market capitalization of $8.22B and a P/E ratio of 28.46, AECOM demonstrates financial stability. The company's growth is underpinned by increasing infrastructure investments globally, particularly in transportation and water sectors. A key catalyst is the ongoing government infrastructure spending initiatives in North America and Europe. However, potential risks include project delays and economic downturns affecting construction activities. The company's ability to maintain and expand its profit margin of 2.9% and gross margin of 7.7% will be critical for sustained growth.

Based on FMP financials and quantitative analysis

ACM Key Highlights

Market Cap of $8.22B indicates a strong market valuation and investor confidence.

• P/E ratio of 28.46 suggests a reasonable valuation relative to earnings.
• Profit Margin of 2.9% reflects the company's ability to generate profit from its revenue.
• Gross Margin of 7.7% shows the percentage of revenue exceeding the cost of goods sold.
• Dividend Yield of 1.41% provides a return to investors in addition to potential capital appreciation.

Who Are ACM's Competitors?

ACM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are ACM's Key Strengths?

Global presence and diversified service offerings.

• Strong relationships with government clients.
• Expertise in large-scale and complex projects.
• Reputation for quality and innovation.

What Are ACM's Weaknesses?

Exposure to economic cycles and government spending policies.

• Project delays and cost overruns.
• Competition from other large engineering and construction firms.
• Relatively low profit margin compared to some competitors.

What Could Drive ACM Stock Higher?

ACM catalyst: Government infrastructure spending initiatives in North America and Europe are expected to drive revenue growth.

• Increased demand for sustainable and resilient infrastructure solutions will create new project opportunities.
• Potential acquisitions of companies with specialized expertise could expand AECOM's service offerings.
• Adoption of digital technologies such as BIM and AI-driven project management will improve project efficiency.

What Are the Key Risks for ACM?

Economic downturns could reduce construction activity and project pipelines.

• Changes in government regulations and policies could impact infrastructure spending.
• Project delays and cost overruns could negatively affect profitability.
• Rising material and labor costs could increase project expenses.
• Intense competition from other large engineering and construction firms could pressure margins.

What Are the Growth Opportunities for ACM?

• Increased Infrastructure Spending: Government initiatives in the U.S. and Europe are allocating significant funds to infrastructure projects, creating substantial opportunities for AECOM. The Bipartisan Infrastructure Law in the U.S. includes billions for transportation, water, and energy infrastructure, which AECOM can capitalize on through its planning, design, and construction services. This represents a multi-year growth opportunity, potentially increasing revenue by 10-15% annually.
• Sustainable Infrastructure Solutions: Growing demand for sustainable and resilient infrastructure presents a significant growth area. AECOM can leverage its expertise in green building design, renewable energy projects, and water conservation to win projects focused on environmental sustainability. The market for sustainable infrastructure is projected to reach $300 billion by 2028, offering substantial revenue potential for AECOM.
• Digital Transformation in Construction: Adoption of digital technologies such as BIM (Building Information Modeling) and AI-driven project management is transforming the construction industry. AECOM can enhance its service offerings by integrating these technologies, improving project efficiency and reducing costs. The digital construction market is expected to grow at a CAGR of 12% over the next five years, providing a competitive edge for AECOM.
• Expansion in Emerging Markets: Emerging economies in Asia and Africa are investing heavily in infrastructure development to support economic growth. AECOM can expand its presence in these markets by offering its expertise in transportation, water, and energy infrastructure. The infrastructure market in emerging economies is projected to reach $1 trillion by 2030, offering significant growth potential for AECOM.
• Strategic Acquisitions: AECOM can pursue strategic acquisitions to expand its service offerings and geographic reach. Acquiring companies with specialized expertise in areas such as environmental consulting or digital construction can enhance AECOM's competitive position. The market for acquisitions in the engineering and construction industry remains active, providing opportunities for AECOM to accelerate its growth.

What Are ACM's Competitive Advantages?

• Strong brand reputation and established track record in the infrastructure consulting industry.
• Extensive global network and presence in key markets.
• Diversified service offerings across multiple sectors.
• Expertise in complex and large-scale infrastructure projects.

What Does ACM Do?

AECOM, originally incorporated in 1980 and headquartered in Dallas, Texas, has evolved into a global leader in infrastructure consulting. The company provides professional services to governments, businesses, and organizations worldwide. AECOM operates through three primary segments: Americas, International, and AECOM Capital. The Americas segment focuses on projects within North and South America, while the International segment covers Europe, the Middle East, Africa, and the Asia Pacific regions. AECOM Capital invests in and develops real estate projects. AECOM offers a broad spectrum of services, including planning, consulting, architectural and engineering design, construction and program management. These services cater to a wide array of sectors, including transportation, water, government, facilities, environmental, and energy. AECOM's expertise extends to building construction, energy infrastructure, and industrial construction. Formerly known as AECOM Technology Corporation until its name change in January 2015, AECOM has established a significant global footprint, delivering comprehensive solutions for complex infrastructure challenges.

What Products and Services Does ACM Offer?

• Provides planning and consulting services for infrastructure projects.
• Offers architectural and engineering design services.
• Manages construction projects from start to finish.
• Provides program management services for large-scale projects.
• Invests in and develops real estate projects.
• Offers building construction services.
• Provides energy infrastructure construction services.
• Provides industrial construction services.

How Does ACM Make Money?

• Generates revenue through professional service fees for planning, design, and consulting.
• Earns revenue from construction and program management services.
• Derives income from investments in real estate development projects.
• Secures contracts with government entities for public infrastructure projects.

What Industry Does ACM Operate In?

AECOM operates in the engineering and construction industry, which is experiencing growth due to increasing global infrastructure development. The industry is characterized by large project sizes, long project timelines, and significant capital investments. Key trends include the adoption of sustainable building practices and the integration of digital technologies. AECOM competes with companies like MTZ: MasTec, Inc. and APG: APi Group Corporation, focusing on specialized services and regional expertise. The industry is sensitive to economic cycles and government spending policies, impacting project pipelines and revenue streams.

Who Are ACM's Key Customers?

• Government agencies at the federal, state, and local levels.
• Commercial businesses across various industries.
• Organizations requiring infrastructure development and management.
• Real estate developers and investors.

Over the past six months, AECOM insiders filed 3 SEC Form 4 transactions — 0 sales and 3 purchases. On net that is roughly 10K shares acquired (about $699K) — insiders putting money in tends to read as conviction.

Quarterly Financial Performance: AECOM

Revenue for AECOM came in at $3.59B during Q3 FY2026, a 5.7% contraction versus the preceding quarter. The company recorded a net loss of $86.7M, with diluted EPS of $-0.67. Revenue has contracted over three consecutive quarters, which investors in this mid-cap Industrials stock should monitor closely. Across the four most recent quarters, ACM averaged $0.55 in diluted EPS.

ACM Valuation & Market Position

With a $8.22B market cap, AECOM sits in the mid-cap segment of the market. Analyst price targets span from $65.00 to $102.00, with a consensus of $84.56. At the current price of $63.98, that implies approximately 32% upside potential. Relative to its peer group, ACM's quantitative score of 51/100 is roughly in line with the peer average of 55/100.

Return on equity for AECOM stands at 21.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.2%, showing how much profit it generates from its asset base. ACM trades at a trailing price-to-earnings ratio of 28.46, roughly in line with the Industrials sector average of ~28.00x. Its free cash flow yield is 4.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.11 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 5.7%, the inverse of the P/E and a quick read on earnings relative to price.

AECOM's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.82 places it in the grey zone, a middle ground that warrants monitoring.

AECOM has beaten Wall Street's EPS estimate in 6 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 13.2% below estimates on average.

Company Profile

AECOM operates in the Engineering & Construction industry within the Industrials sector. It is headquartered in Dallas, US. The company is led by CEO W. Troy Rudd. ACM has traded publicly since 2007.

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AECOM Industrials Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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