15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.0% per year over the past 5 years.
Operating margin has expanded, at 6.4% in the latest year.
Free cash flow has grown 26.1% per year over the past 5 years.
Financial health
Operating income covered interest expense 5.6× in the latest year.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 23.8% of earnings and 19.5% of free cash flow.
The dividend has grown 28.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$16.1B
$562M
7.5%
6.4%
$685M
—
$1.6B
2024
$16.1B
$402M
6.7%
5.1%
$708M
—
$1.6B
2023
$14.4B
$55M
6.6%
2.3%
$590M
—
$1.3B
2022
$13.1B
$311M
6.4%
4.9%
$577M
—
$1.2B
2021
$13.3B
$173M
6.0%
4.7%
$568M
—
$1.2B
2020
$13.2B
-$186M
5.4%
2.9%
$215M
—
$1.7B
2019
$13.6B
-$261M
4.5%
2.9%
$677M
—
$886M
2018
$13.9B
$136M
3.5%
2.8%
$661M
—
$887M
2017
$18.2B
$339M
3.8%
3.6%
$610M
—
$802M
2016
—
$96M
—
—
$623M
—
$692M
2015
—
-$155M
—
—
$650M
—
$684M
2014
—
$230M
—
—
—
—
$574M
2013
—
$239M
—
—
—
—
$601M
2012
—
-$59M
—
—
$370M
—
$594M
2011
—
$276M
—
—
$54M
—
$457M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$3.8B
$180M
7.8%
6.5%
-$27M
—
$1.0B
Dec '25
$3.8B
$75M
7.3%
5.8%
$42M
—
$1.2B
Sep '25
$4.2B
$120M
7.9%
5.7%
$134M
—
$1.6B
Jun '25
$4.2B
$131M
7.8%
7.0%
$262M
—
$1.8B
Mar '25
$3.8B
$143M
7.7%
6.8%
$178M
—
$1.6B
Dec '24
$4.0B
$167M
6.7%
5.9%
$111M
—
$1.6B
Sep '24
$4.1B
$173M
7.2%
5.8%
$274M
—
$1.6B
Jun '24
$4.2B
$134M
6.9%
5.5%
$273M
—
$1.6B
Mar '24
$3.9B
$1M
6.6%
5.1%
$74M
—
$1.2B
Dec '23
$3.9B
$94M
6.3%
4.2%
$87M
—
$1.2B
Sep '23
$3.8B
$25M
6.6%
2.1%
$263M
—
$1.3B
Jun '23
$3.7B
-$135M
6.8%
-2.9%
$265M
—
$1.3B
Mar '23
$3.5B
$77M
6.5%
5.7%
-$21M
—
$1.1B
Dec '22
$3.4B
$88M
6.4%
4.5%
$84M
—
$1.2B
Sep '22
$3.4B
$106M
6.3%
5.4%
$249M
—
$1.2B
Jun '22
$3.2B
$102M
6.8%
5.6%
$183M
—
$1.0B
Mar '22
$3.2B
$42M
6.5%
3.5%
-$17M
—
$965M
Dec '21
$3.3B
$62M
6.1%
5.2%
$162M
—
$1.1B
Sep '21
$3.4B
$96M
6.5%
5.1%
$294M
—
$1.2B
Jun '21
$3.4B
$12M
5.9%
4.7%
$295M
—
$1.0B
Valuation over time
How the market has priced ACM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 34.6× (Mar '23) to 16.0× (Jun '26).
The price-to-sales ratio has fallen from 0.8× (Mar '23) to 0.6× (Jun '26).
The dividend yield has risen from 0.6% (Mar '23) to 1.5% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is ACM growing its revenue and profit?
Over the past 5 years, Aecom's revenue has grown 4.0% per year. These are computed facts, not advice.
How much debt does ACM have?
As of FY2025, Aecom reported — of total debt against $1.6B of cash; operating income covered interest expense 5.6×.
What is ACM's profit margin?
In FY2025, gross margin was 7.5%, operating margin 6.4%, and net margin 3.5%.
What is ACM's P/E ratio?
As of Jun '26, Aecom traded at a price-to-earnings ratio of about 16.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.