AECOM (ACM) Balance Sheet
ACM balance sheet, FY2025
September 30, 2025 · U.S. dollars$12.20B assets = $9.50B liabilities + $2.70B equity
Both columns are drawn to the same scale: what ACM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ACM financial health
Current ratio1.14
Adequate · current assets cover current liabilities 1.14×
Debt / equity1.35
Moderate leverage · $1.35 of debt for each $1 of equity
Equity / assets20.4%
Balanced · of assets funded by shareholders
Cash / debt47.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles31.8%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
ACM balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.67BFY2016 | $12.20BFY2025 | −1.3%/yr | |
| Total liabilities | $10.12BFY2016 | $9.50BFY2025 | −0.7%/yr | |
| Shareholders’ equity | $3.37BFY2016 | $2.49BFY2025 | −3.3%/yr | |
| Cash & short-term investments | $692.1MFY2016 | $1.59BFY2025 | +9.6%/yr | |
| Total debt | $4.07BFY2016 | $3.36BFY2025 | −2.1%/yr | |
| Net cash (debt) | −$3.38BFY2016 | −$1.78BFY2025 | +$1.6B | |
| Working capital | $696.0MFY2016 | $801.4MFY2025 | +$105.4M | |
| Book value per share | $21.57FY2016 | $18.70FY2025 | −1.6%/yr | |
| Current ratio | 1.13FY2016 | 1.14FY2025 | 0.00 | |
| Debt / equity | 1.21FY2016 | 1.35FY2025 | +0.14 | |
| Shares outstanding | 156.1MFY2016 | 133.3MFY2025 | −1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ACM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
ACM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
ACM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ACM balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.59B | $1.58B | $1.26B | $1.17B | $1.23B | $1.71B | $885.6M | $886.7M | $802.4M | $692.1M |
| Cash & equivalents | $1.59B | $1.58B | $1.26B | $1.17B | $1.23B | $1.71B | $885.6M | $886.7M | $802.4M | $692.1M |
| Short-term investments | — | −$263.9M | $17.2M | $9.4M | — | $229.3M | — | $310.66B | $364.22B | $43.4M |
| Receivables | $4.43B | $4.76B | $4.08B | $3.81B | $4.07B | $4.44B | $4.50B | $5.60B | $5.18B | $4.58B |
| Inventory | $0 | $0 | −$17.2M | $838.4M | $878.5M | $1.38B | $627.5M | $645.0M | $696.7M | $730.1M |
| Other current assets | $716.1M | $835.9M | $842.6M | $0 | $0 | $0 | $1.52B | $0 | $0 | $0 |
| Total current assets | $6.73B | $7.18B | $6.17B | $5.82B | $6.17B | $7.53B | $7.53B | $7.13B | $6.68B | $6.00B |
| Property, plant & equipment (net) | $879.6M | $786.6M | $829.6M | $968.0M | $1.01B | $1.03B | $405.6M | $614.1M | $621.4M | $645.0M |
| Goodwill & intangible assets | $3.88B | $3.49B | $3.44B | $3.42B | $3.56B | $3.56B | $3.58B | $6.24B | $6.41B | $6.30B |
| Long-term investments | $138.1M | $138.1M | $139.2M | $355.0M | $328.9M | $229.3M | $405.2M | $310.7M | $364.2M | $330.5M |
| Other non-current assets | $568.4M | $473.9M | $658.3M | $577.2M | $668.1M | $644.3M | $2.63B | $388.0M | $321.1M | $390.4M |
| Total assets | $12.20B | $12.06B | $11.23B | $11.14B | $11.73B | $13.00B | $14.55B | $14.68B | $14.40B | $13.67B |
| Liabilities | ||||||||||
| Accounts payable | $2.26B | $2.56B | $2.19B | $2.03B | $2.09B | $2.36B | $2.41B | $2.73B | $2.25B | $1.91B |
| Short-term debt | $198.7M | $66.9M | $89.5M | $48.6M | $53.8M | $20.9M | $98.4M | $143.1M | $142.0M | $366.3M |
| Deferred revenue | $1.09B | $1.30B | $1.19B | $1.05B | $1.06B | $2.13B | $1.78B | $1.79B | $1.81B | $1.64B |
| Total current liabilities | $5.93B | $6.37B | $5.85B | $5.40B | $5.52B | $6.09B | $6.46B | $6.13B | $5.58B | $5.30B |
| Long-term debt | $2.65B | $2.45B | $2.11B | $2.16B | $2.16B | $2.04B | $3.29B | $3.48B | $3.70B | $3.76B |
| Lease obligations | $516.0M | $510.6M | $548.9M | $595.3M | $679.1M | $745.3M | — | — | — | — |
| Other long-term liabilities | $928.0M | $866.8M | $886.0M | $973.1M | $1.22B | $1.45B | $904.0M | $789.3M | $901.8M | $1.05B |
| Total liabilities | $9.50B | $9.69B | $8.85B | $8.53B | $8.90B | $9.59B | $10.65B | $10.40B | $10.18B | $10.12B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $1.6M | $1.6M | $3.85B | $3.74B | $3.61B |
| Retained earnings (deficit) | −$1.22B | −$1.28B | −$1.10B | −$701.7M | −$504.1M | $174.2M | $599.5M | $948.1M | $961.6M | $618.4M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$893.0M | −$882.7M | −$926.6M | −$979.7M | −$900.4M | −$918.7M | −$864.2M | −$703.3M | −$700.7M | −$857.6M |
| Minority interest | $203.6M | $186.2M | $171.4M | $128.7M | $117.1M | $121.0M | $208.8M | $185.6M | $218.6M | $185.6M |
| Total shareholders' equity | $2.49B | $2.18B | $2.21B | $2.48B | $2.71B | $3.29B | $3.69B | $4.09B | $4.00B | $3.37B |
| Key figures | ||||||||||
| Total debt | $3.36B | $3.03B | $2.75B | $2.80B | $2.89B | $2.81B | $3.32B | $3.63B | $3.84B | $4.07B |
| Net cash (debt) | −$1.78B | −$1.45B | −$1.49B | −$1.63B | −$1.66B | −$1.10B | −$2.43B | −$2.74B | −$3.04B | −$3.38B |
| Working capital | $801.4M | $802.0M | $319.2M | $418.6M | $651.8M | $1.44B | $1.07B | $997.6M | $1.10B | $696.0M |
| Tangible book value | −$1.39B | −$1.30B | −$1.22B | −$939.7M | −$844.9M | −$268.6M | $114.2M | −$2.15B | −$2.41B | −$2.94B |
| Book value per share | $18.70 | $16.01 | $15.79 | $17.36 | $18.12 | $20.41 | $23.50 | $25.22 | $25.11 | $21.57 |
| Shares outstanding | 133.3M | 136.5M | 140.1M | 142.7M | 149.7M | 161.3M | 157.0M | 162.3M | 159.1M | 156.1M |
| Current ratio | 1.14 | 1.13 | 1.05 | 1.08 | 1.12 | 1.24 | 1.17 | 1.16 | 1.20 | 1.13 |
| Quick ratio | 1.01 | 0.99 | 0.91 | 0.92 | 0.96 | 1.01 | 0.83 | 1.06 | 1.07 | 0.99 |
| Debt / equity | 1.35 | 1.39 | 1.24 | 1.13 | 1.07 | 0.85 | 0.90 | 0.89 | 0.96 | 1.21 |
| Equity / assets | 20.4% | 18.1% | 19.7% | 22.2% | 23.1% | 25.3% | 25.4% | 27.9% | 27.8% | 24.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $762.02B | $1.03B | $1.25B | $1.59B | $1.79B | $1.60B | $1.58B | $1.58B | $1.64B | $1.19B | $1.19B | $1.26B |
| Cash & equivalents | $762.02B | $1.03B | $1.25B | $1.59B | $1.79B | $1.60B | $1.58B | $1.58B | $1.64B | $1.19B | $1.19B | $1.26B |
| Short-term investments | — | — | — | — | — | — | — | — | $15.3M | $15.2M | $13.9M | $17.2M |
| Receivables | $4.59B | $4.75B | $4.52B | $4.43B | $4.62B | $4.54B | $4.59B | $4.76B | $4.61B | $4.48B | $4.28B | $4.08B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$15.3M | $105.1M | $85.9M | −$17.2M |
| Other current assets | $0 | $707.6M | $724.8M | $716.1M | $854.9M | $792.8M | $825.5M | $715.6M | $883.7M | $725.8M | $723.1M | $842.6M |
| Total current assets | $6.35B | $6.49B | $6.49B | $6.73B | $7.27B | $6.93B | $7.00B | $7.06B | $7.12B | $6.50B | $6.28B | $6.17B |
| Property, plant & equipment (net) | $901.6M | $841.5M | $387.1M | $879.6M | $866.8M | $790.6M | $773.4M | $786.6M | $777.2M | $795.2M | $827.5M | $829.6M |
| Goodwill & intangible assets | $3.94B | $3.94B | $3.95B | $3.88B | $3.49B | $3.45B | $3.43B | $3.49B | $3.46B | $3.46B | $3.48B | $3.44B |
| Long-term investments | $155.5M | $147.1M | $146.5M | $138.1M | $149.2M | $143.6M | $144.9M | $138.1M | $140.6M | $137.4M | $132.5M | $139.2M |
| Other non-current assets | $677.7M | $587.3M | $960.7M | $568.4M | $477.2M | $467.3M | $467.0M | $594.2M | $550.5M | $563.9M | $668.5M | $658.3M |
| Total assets | $12.03B | $12.01B | $11.94B | $12.20B | $12.25B | $11.78B | $11.82B | $12.06B | $12.05B | $11.46B | $11.39B | $11.23B |
| Liabilities | ||||||||||||
| Accounts payable | $2.38B | $2.26B | $2.28B | $2.26B | $2.45B | $2.31B | $2.35B | $2.56B | $2.44B | $2.30B | $2.11B | $2.19B |
| Short-term debt | $192.1M | $191.6M | $195.3M | $198.7M | $73.2M | $70.3M | $69.4M | $66.9M | $66.2M | $91.5M | $91.5M | $89.5M |
| Deferred revenue | — | $2.51B | $1.09B | $1.09B | $2.62B | $2.67B | $1.31B | $1.30B | $1.26B | $1.27B | $1.28B | $1.19B |
| Total current liabilities | $6.01B | $5.87B | $5.88B | $5.93B | $6.23B | $6.02B | $6.14B | $6.37B | $6.29B | $6.14B | $6.00B | $5.85B |
| Long-term debt | $2.65B | $2.65B | $2.64B | $2.65B | $2.46B | $2.46B | $2.46B | $2.45B | $2.45B | $2.10B | $2.11B | $2.22B |
| Lease obligations | $487.8M | $499.9M | $498.4M | $516.0M | $521.5M | $496.3M | $485.1M | $510.6M | $496.7M | $507.5M | $523.3M | $548.9M |
| Other long-term liabilities | $965.9M | $1.00B | $968.6M | $928.0M | $869.7M | $844.2M | $823.7M | $866.8M | $806.7M | $824.6M | $849.0M | $782.1M |
| Total liabilities | $9.63B | $9.53B | $9.49B | $9.50B | $9.55B | $9.32B | $9.42B | $9.69B | $9.55B | $9.06B | $8.96B | $8.85B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $1.4M |
| Retained earnings (deficit) | −$1.60B | −$1.48B | −$1.50B | −$1.22B | −$1.06B | −$1.15B | −$1.18B | −$1.28B | −$1.11B | −$1.16B | −$1.11B | −$1.10B |
| Accumulated other comprehensive income | −$883.2M | −$896.2M | −$888.0M | −$893.0M | −$874.9M | −$943.1M | −$964.8M | −$882.7M | −$915.0M | −$910.0M | −$889.8M | −$926.6M |
| Minority interest | $206.1M | $204.8M | $213.8M | $203.6M | $206.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.19B | $2.27B | $2.23B | $2.49B | $2.49B | $2.29B | $2.20B | $2.18B | $2.30B | $2.20B | $2.25B | $2.21B |
| Key figures | ||||||||||||
| Total debt | $3.33B | $3.35B | $3.34B | $3.36B | $3.05B | $3.02B | $3.01B | $3.03B | $3.01B | $2.70B | $2.73B | $2.75B |
| Net cash (debt) | $758.69B | −$2.31B | −$2.09B | −$1.78B | −$1.26B | −$1.42B | −$1.43B | −$1.45B | −$1.37B | −$1.52B | −$1.53B | −$1.49B |
| Working capital | $340.3M | $618.3M | $610.1M | $801.4M | $1.04B | $915.6M | $859.8M | $681.7M | $829.0M | $361.7M | $279.5M | $319.2M |
| Tangible book value | −$1.75B | −$1.67B | −$1.72B | −$1.39B | −$999.6M | −$1.16B | −$1.23B | −$1.30B | −$1.16B | −$1.26B | −$1.23B | −$1.22B |
| Book value per share | $17.06 | $17.57 | $16.91 | $18.69 | $18.73 | $17.13 | $16.49 | $16.15 | $16.80 | $16.08 | $16.39 | $15.87 |
| Shares outstanding | 128.6M | 129.2M | 132.0M | 133.4M | 133.1M | 133.4M | 133.6M | 135.2M | 136.8M | 136.7M | 137.1M | 139.4M |
| Current ratio | 1.06 | 1.11 | 1.10 | 1.14 | 1.17 | 1.15 | 1.14 | 1.11 | 1.13 | 1.06 | 1.05 | 1.05 |
| Quick ratio | 127.56 | 0.98 | 0.98 | 1.01 | 1.03 | 1.02 | 1.01 | 0.99 | 0.99 | 0.92 | 0.91 | 0.91 |
| Debt / equity | 1.52 | 1.47 | 1.50 | 1.35 | 1.22 | 1.32 | 1.37 | 1.39 | 1.31 | 1.23 | 1.21 | 1.24 |
| Equity / assets | 18.2% | 18.9% | 18.7% | 20.4% | 20.3% | 19.4% | 18.6% | 18.1% | 19.1% | 19.2% | 19.7% | 19.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 19, 2025); data from EODHD.
ACM financial position
At the end of fiscal 2025 (September 30, 2025), AECOM had total assets of $12.2 billion (up 1.1% from a year earlier), total liabilities of $9.5 billion and shareholders' equity of $2.5 billion. It held $1.6 billion in cash and short-term investments against $3.4 billion of debt, net debt of $1.8 billion. Its current ratio was 1.14. In the latest quarter (ended June 30, 2026) total assets were $12.0 billion and equity $2.2 billion.
Related: ACM income statement, ACM cash flow statement, ACM key metrics. See the ACM stock overview for the latest quote and news.
ACM balance sheet FAQ
What are AECOM's total assets?
AECOM reported total assets of $12.2 billion at the end of fiscal 2025 (September 30, 2025), compared with $12.1 billion a year earlier.
How much debt does AECOM have?
AECOM had $3.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.35.
How much cash does AECOM have?
AECOM held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $3.4 billion of debt that is net debt of $1.8 billion.
What is AECOM's book value?
AECOM's shareholders' equity (book value) was $2.5 billion at the end of fiscal 2025, or $18.70 per share.
What is AECOM's current ratio?
AECOM had current assets of $6.7 billion and current liabilities of $5.9 billion, a current ratio of 1.14 (it can cover its short-term obligations).
How much goodwill does AECOM have?
AECOM carried $3.9 billion of goodwill and intangible assets, 31.8% of total assets, at the end of fiscal 2025.