AECOM (ACM) Key Metrics
ACM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.59B
- Enterprise value
- $10.10B
- P/E (TTM)
- 20.8 10-yr median 36.9
- Forward P/E
- 9.6
- PEG ratio
- 0.65
- Price / sales
- 0.5 10-yr median 0.6
- Price / book
- 3.7 10-yr median 2.8
- EV / EBITDA
- 10.9 10-yr median 13.0
- Dividend yield
- 2.10% $1.24 a year
- Beta
- 0.93
ACM key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsACM valuation Price multiples at each fiscal year-end price.
ACM returns How much profit the business earns on the capital it uses.
ACM per-share figures Results divided by the shares outstanding at year-end.
ACM financial health Debt, liquidity and how easily interest is covered.
ACM efficiency & capital use Working capital cycle and where the cash goes.
ACM valuation history
ACM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ACM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ACM cash returned to shareholders
ACM price vs earnings per share
ACM key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $17.39B | $14.09B | $11.63B | $9.76B | $9.45B | $6.75B | $5.90B | $5.30B | $5.86B | $4.64B |
| Enterprise value | $19.17B | $15.54B | $13.13B | $11.38B | $11.11B | $7.85B | $8.33B | $8.04B | $8.90B | $8.02B |
| P/E ratio | 31.0 | 35.0 | 210.3 | 31.4 | 54.6 | — | — | 38.8 | 17.3 | 48.3 |
| Price / sales | 1.1 | 0.9 | 0.8 | 0.7 | 0.7 | 0.5 | 0.4 | 0.4 | 0.3 | 0.3 |
| Price / book | 7.0 | 6.5 | 5.3 | 3.9 | 3.5 | 2.0 | 1.6 | 1.3 | 1.5 | 1.4 |
| Price / free cash flow | 25.4 | 19.9 | 16.7 | 16.9 | 16.6 | 31.4 | 8.7 | 8.0 | 9.6 | 7.5 |
| Price / operating cash flow | 21.2 | 17.0 | 16.7 | 13.7 | 13.4 | 20.5 | 7.6 | 6.8 | 8.4 | 5.7 |
| EV / sales | 1.2 | 1.0 | 0.9 | 0.9 | 0.8 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
| EV / EBITDA | 15.0 | 14.4 | 23.9 | 13.7 | 13.5 | 12.5 | 12.4 | 11.8 | 9.5 | 10.2 |
| EV / free cash flow | 28.0 | 22.0 | 18.9 | 19.7 | 19.6 | 36.5 | 12.3 | 12.2 | 14.6 | 12.9 |
| Earnings yield | 3.2% | 2.9% | 0.5% | 3.2% | 1.8% | −2.8% | −4.4% | 2.6% | 5.8% | 2.1% |
| Free cash flow yield | 3.9% | 5.0% | 6.0% | 5.9% | 6.0% | 3.2% | 11.5% | 12.5% | 10.4% | 13.4% |
| Dividend yield | 0.8% | 0.8% | 0.8% | 0.6% | 38.5% | 66.0% | 130.6% | 161.0% | 118.8% | 101.6% |
| Shareholder yield (dividends + buybacks) | 3.0% | 4.2% | 4.1% | 5.5% | 47.7% | 68.7% | 132.2% | 164.4% | 119.2% | 102.2% |
| Share price at fiscal year-end | $130.47 | $103.27 | $83.04 | $68.37 | $63.15 | $41.84 | $37.56 | $32.66 | $36.81 | $29.73 |
| Per share | ||||||||||
| Revenue per share | $121.07 | $118.03 | $102.62 | $92.14 | $89.13 | $82.09 | $86.87 | $85.53 | $114.39 | $111.56 |
| Earnings per share | $4.21 | $2.95 | $0.39 | $2.18 | $1.16 | −$1.16 | −$1.66 | $0.84 | $2.13 | $0.62 |
| Operating cash flow per share | $6.16 | $6.06 | $4.97 | $5.00 | $4.71 | $2.04 | $4.95 | $4.77 | $4.38 | $5.22 |
| Free cash flow per share | $5.14 | $5.19 | $4.97 | $4.04 | $3.80 | $1.33 | $4.31 | $4.08 | $3.84 | $3.99 |
| Cash per share | $11.90 | $11.59 | $8.99 | $8.21 | $8.21 | $10.59 | $5.64 | $5.46 | $5.04 | $4.43 |
| Book value per share | $18.70 | $16.01 | $15.79 | $17.36 | $18.12 | $20.41 | $23.50 | $25.22 | $25.11 | $21.57 |
| Tangible book value per share | −$10.44 | −$9.55 | −$8.74 | −$6.59 | −$5.65 | −$1.67 | $0.73 | −$13.24 | −$15.16 | −$18.81 |
| Dividends per share | $1.00 | $0.84 | $0.69 | $0.44 | $24.34 | $27.60 | $49.04 | $52.58 | $43.72 | $30.22 |
| Capex per share | $1.03 | $0.88 | $0.75 | $0.96 | $0.91 | $0.71 | $0.64 | $0.70 | $0.54 | $1.23 |
| Debt per share | $25.22 | $22.19 | $19.64 | $19.63 | $19.31 | $17.41 | $21.12 | $22.35 | $24.16 | $26.07 |
| Shares outstanding | 133.3M | 136.5M | 140.1M | 142.7M | 149.7M | 161.3M | 157.0M | 162.3M | 159.1M | 156.1M |
| Change in shares outstanding | −2.3% | −2.6% | −1.8% | −4.7% | −7.2% | +2.7% | −3.2% | +2.0% | +2.0% | +4.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 24.0% | 18.3% | 2.4% | 12.0% | 5.8% | −5.3% | −6.7% | 3.4% | 9.2% | 2.8% |
| Return on invested capital (ROIC) | 20.2% | 17.8% | 6.1% | 11.5% | 11.2% | 5.8% | 5.8% | 5.7% | 9.3% | 5.3% |
| Return on assets (ROA) | 4.6% | 3.5% | 0.5% | 2.7% | 1.4% | −1.4% | −1.8% | 0.9% | 2.4% | 0.7% |
| Return on tangible assets | 6.8% | 4.7% | 0.7% | 4.0% | 2.1% | −2.0% | −2.4% | 1.6% | 4.2% | 1.3% |
| Free cash flow margin | 4.2% | 4.4% | 4.8% | 4.4% | 4.3% | 1.6% | 5.0% | 4.8% | 3.4% | 3.6% |
| Income quality (OCF / net income) | 1.46 | 2.06 | 12.58 | 2.30 | 4.07 | — | — | 5.68 | 2.05 | 8.47 |
| Financial health | ||||||||||
| Total debt | $3.36B | $3.03B | $2.75B | $2.80B | $2.89B | $2.81B | $3.32B | $3.63B | $3.84B | $4.07B |
| Cash & short-term investments | $1.59B | $1.58B | $1.26B | $1.17B | $1.23B | $1.71B | $885.6M | $886.7M | $802.4M | $692.1M |
| Net debt | $1.78B | $1.45B | $1.49B | $1.63B | $1.66B | $1.10B | $2.43B | $2.74B | $3.04B | $3.38B |
| Debt / equity | 1.35 | 1.39 | 1.24 | 1.13 | 1.07 | 0.85 | 0.90 | 0.89 | 0.96 | 1.21 |
| Debt / assets | 0.28 | 0.25 | 0.24 | 0.25 | 0.25 | 0.22 | 0.23 | 0.25 | 0.27 | 0.30 |
| Net debt / EBITDA | 1.39 | 1.34 | 2.72 | 1.96 | 2.02 | 1.74 | 3.62 | 4.02 | 3.24 | 4.32 |
| Current ratio | 1.14 | 1.13 | 1.05 | 1.08 | 1.12 | 1.24 | 1.17 | 1.16 | 1.20 | 1.13 |
| Quick ratio | 1.14 | 1.13 | 1.06 | 0.92 | 0.96 | 1.01 | 1.07 | 1.06 | 1.07 | 0.99 |
| Interest coverage | 5.6 | 4.5 | 2.0 | 5.9 | 2.6 | 2.4 | 2.5 | 2.0 | 2.8 | 1.5 |
| Working capital | $801.4M | $802.0M | $319.2M | $418.6M | $651.8M | $1.44B | $1.07B | $997.6M | $1.10B | $696.0M |
| Invested capital | $4.27B | $3.63B | $3.70B | $4.11B | $4.37B | $4.39B | $6.12B | $6.83B | $7.04B | $6.74B |
| Tangible asset value | −$1.19B | −$1.12B | −$1.05B | −$811.0M | −$727.8M | −$147.6M | $322.9M | −$1.96B | −$2.19B | −$2.75B |
| Net current asset value | −$2.77B | −$2.52B | −$2.68B | −$2.71B | −$2.73B | −$2.06B | −$3.12B | −$3.28B | −$3.50B | −$4.12B |
| Graham number | $42.10 | $32.58 | $11.85 | $29.16 | $21.72 | — | — | $21.85 | $34.71 | $17.29 |
| Graham net-net per share | −$34.48 | −$33.28 | −$32.37 | −$28.62 | −$27.97 | −$23.91 | −$38.70 | −$30.79 | −$32.33 | −$36.05 |
| Capital allocation | ||||||||||
| Dividends paid | $133.6M | $115.2M | $96.2M | $63.3M | $3.64B | $4.45B | $7.70B | $8.53B | $6.96B | $4.72B |
| Share buybacks (net) | $388.4M | $478.5M | $379.3M | $473.0M | $867.1M | $187.0M | $98.2M | $179.5M | $25.1M | $25.9M |
| Dividend payout ratio | 23.8% | 28.6% | 173.8% | 20.4% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 76.2% | 83.9% | 68.3% | 93.0% | 793.5% | — | — | — | — | 761.4% |
| Capex / revenue | 0.8% | 0.7% | 0.7% | 1.0% | 1.0% | 0.9% | 0.7% | 0.8% | 0.5% | 1.1% |
| Capex / operating cash flow | 16.6% | 14.5% | 15.2% | 19.2% | 19.3% | 34.8% | 12.9% | 14.6% | 12.4% | 23.5% |
| Capex / depreciation | 0.78 | 0.67 | 0.60 | 0.80 | 0.77 | 0.48 | 0.39 | 0.42 | 0.31 | 0.48 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% | 0.5% | 0.5% | 0.5% | 0.4% |
| SG&A / revenue | 1.0% | 1.0% | 1.1% | 1.1% | 1.2% | 1.4% | 1.1% | 1.0% | 0.7% | 0.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 103.9 | 100.2 | 100.2 | 109.3 | 116.3 | 123.2 | 135.1 | 141.7 | 97.9 | 99.6 |
| Days of inventory on hand | — | — | 11.2 | 25.5 | 32.9 | 29.3 | 17.8 | 18.3 | 14.9 | 14.9 |
| Days payables outstanding | 59.0 | 57.7 | 57.3 | 61.1 | 64.7 | 69.5 | 71.9 | 67.8 | 43.3 | 41.0 |
| Cash conversion cycle (days) | 44.9 | 42.5 | 54.1 | 73.7 | 84.5 | 83.0 | 80.9 | 92.2 | 69.4 | 73.5 |
| Receivables turnover | 3.51 | 3.64 | 3.64 | 3.34 | 3.14 | 2.96 | 2.70 | 2.58 | 3.73 | 3.66 |
| Payables turnover | 6.19 | 6.32 | 6.37 | 5.97 | 5.64 | 5.25 | 5.07 | 5.39 | 8.42 | 8.91 |
| Inventory turnover | — | — | — | 14.33 | 11.09 | 12.46 | 20.48 | 19.97 | 24.56 | 24.48 |
| Asset turnover | 1.33 | 1.38 | 1.29 | 1.15 | 1.08 | 0.96 | 0.93 | 0.95 | 1.30 | 1.26 |
| Average receivables | $4.59B | $4.42B | $3.95B | $3.94B | $4.25B | $4.47B | $5.05B | $5.39B | $4.88B | $4.75B |
| Average payables | $2.41B | $2.38B | $2.11B | $2.06B | $2.22B | $2.38B | $2.57B | $2.49B | $2.08B | $1.88B |
| Average inventory | — | — | $410.6M | $858.4M | $1.13B | $1.01B | $636.3M | $670.8M | $713.4M | $684.8M |
| Intangibles / total assets | 31.8% | 28.9% | 30.6% | 30.7% | 30.3% | 27.4% | 24.6% | 42.5% | 44.5% | 46.1% |
Computed from ACM's annual financial statements (latest annual report filed November 19, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ACM valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), AECOM traded at 31.0 times earnings, against a 10-year median of 36.9. Based on the latest twelve months, the trailing P/E is 20.8 and the forward P/E is 9.6. AECOM earned a return on equity of 24.0% and a return on invested capital of 20.2% in fiscal 2025. It ended the year with $3.4 billion of debt and $1.6 billion in cash and short-term investments, net debt of $1.8 billion. It returned $522.0 million to shareholders: $133.6 million in dividends and $388.4 million in share buybacks, 76% of free cash flow. The share count fell 14.6% from 156.1M to 133.3M over 9 years.
See the ACM income statement, the ACM chart for price history, or the ACM stock overview for the latest quote and news.
ACM key metrics FAQ
What is AECOM's P/E ratio?
AECOM's trailing P/E ratio is 20.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.6. At the end of fiscal 2025 it was 31.0, compared with a 10-year median of 36.9.
What is AECOM's EV/EBITDA?
AECOM's enterprise value was 15.0 times EBITDA at the end of fiscal 2025 (enterprise value $19.2 billion, EBITDA $1.3 billion); the current EV/EBITDA is 10.9.
What is AECOM's return on equity?
AECOM's return on equity (ROE) was 24.0% in fiscal 2025: net income of $561.8 million on average shareholders' equity of $2.3 billion.
What is AECOM's ROIC?
AECOM's return on invested capital was 20.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AECOM have?
AECOM had total debt of $3.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.35 and $1.8 billion of net debt (1.39 times EBITDA).
What is AECOM's dividend yield?
AECOM's forward dividend yield is 2.10%. AECOM paid $133.6 million in dividends in fiscal 2025 ($1.00 per share), a payout ratio of 23.8%.
Does AECOM buy back its shares?
Yes. AECOM spent $388.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.3% over the year, to 133.3M..
What is AECOM's free cash flow yield?
AECOM generated $684.9 million of free cash flow in fiscal 2025, a free cash flow yield of 3.9% on its market value at year-end ($17.4 billion).
What is AECOM's current ratio?
AECOM's current ratio was 1.14 at the end of fiscal 2025: current assets were 1.14 times current liabilities.