Aecom
In this report, we use the terms the Company, we, us and our to refer to AECOM and its consolidated subsidiaries. Our fiscal year consists of 52 or 53 weeks, ending on the Friday closest to September 30.
$59.49
+$0.50 (+0.85%)
EOD Oct 21, 2026
Operating margin is thin at 6.36%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 0.2%, essentially flat. This is a business that needs a catalyst.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
27.3x earnings, 37.6x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$15.39B
▲ +0.2% YoY
Net Income (TTM)
$288M
▲ +39.7% YoY
Op. Margin
4.10%
▲ +1.2pp YoY
ROIC
9.33%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$203M
▼ -3.2% YoY
Op. Cash Flow (TTM)
$365M
▼ -0.7% YoY
Net Debt
$2.39B
Cash & Equiv.
$1.01B
5Y CAGR: +4.0%
5Y CAGR: +26.1%
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SourceComputed from the 10-Q filed 7 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Aug 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Sep. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Aecom (ACM) overvalued?
At a P/E of 27.3 and a price-to-free-cash-flow of 37.6, Aecom (ACM) trades above a two-stage DCF intrinsic value of about $8.84 per share, so at $59.49 the stock looks overvalued (85.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Aecom scores 37/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Aecom's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $8.84 per share for ACM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $6.63. At today's $59.49, that puts the stock about 85.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Aecom a high-quality business?+
Aecom scores 37 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.1% operating margin and a 9.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Aecom (ACM) pay a dividend, and how much?+
Yes, Aecom pays a regular dividend of about $1.17 per share per year (typically in quarterly installments), a yield of roughly 2.0% at the current price. That is a payout ratio of about 52.0% of earnings, so the dividend is well covered. Aecom has grown the dividend at roughly 28.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For ACM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Aecom a good stock to buy right now?+
That depends on valuation and quality together, not either alone. ACM currently trades above its estimated intrinsic value and scores 37/100 on quality (lower-quality). It also yields about 2.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Services-Engineering Services
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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