ACM
IndustrialsAecom · Engineering & Construction · $9B
What is Aecom?
AECOM is a global infrastructure consulting firm serving governments, businesses, and organizations across the Americas, Europe, the Middle East, Africa, and Asia Pacific. The company delivers end-to-end services across the full infrastructure lifecycle, from planning through construction management.
AECOM generates revenue through professional services contracts spanning planning, architectural and engineering design, construction management, and program management. It operates through three segments — Americas, International, and AECOM Capital — serving transportation, water, environmental, energy, government, and facilities clients. The AECOM Capital segment also invests in and develops real estate projects, providing an additional revenue stream beyond pure consulting fees.
AECOM was incorporated in 1980 and is headquartered in Dallas, Texas.
- Infrastructure planning and engineering design
- Construction and program management services
- Environmental and water consulting
- Government and facilities advisory services
- Real estate investment and development via AECOM Capital
Is ACM a Good Stock to Buy?
UQS Score rates ACM as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
Valuation stands out as the most favorable pillar, rated Attractive — suggesting the market may already be pricing in many of the company's challenges. Quality and Growth both register as Neutral, indicating neither a clear drag nor a standout advantage relative to sector peers.
The Moat and Risk pillars are both rated Weak, pointing to limited competitive differentiation and above-average financial or operational risk factors that investors should weigh carefully.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ACM pay dividends?
Yes — Aecom pays a dividend.
AECOM pays a regular dividend, which is relatively uncommon among professional services firms that often reinvest cash into contract growth. For income-oriented investors, this signals a degree of financial discipline. The dividend cadence aligns with the company's government-contract revenue base, which tends to provide more predictable cash flows than purely cyclical industrial peers.
When does ACM report earnings?
AECOM reports earnings on a quarterly cadence, consistent with US-listed large-cap equities.
Revenue trends reflect the company's reliance on large government and infrastructure contracts, which can create variability quarter to quarter. Margin performance in professional services businesses like AECOM is closely tied to contract mix and project execution efficiency.
For the most recent quarter's results and guidance, visit AECOM's investor relations page directly.
ACM Price History
+36.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Aecom?
Based on Aecom's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ACM Long-term Outlook
AECOM's Growth pillar is rated Neutral, suggesting the business is expanding at a pace broadly in line with sector expectations rather than outpacing peers. Government infrastructure spending trends — particularly in transportation and water — provide a structural tailwind, though the Weak Moat rating indicates the company may struggle to consistently win premium-priced contracts over rivals. The Weak Risk rating warrants attention, as it reflects vulnerabilities that could weigh on earnings consistency over a multi-year horizon.
Growth drivers
- Government infrastructure investment cycles in the Americas and internationally
- Growing demand for environmental and water infrastructure consulting
- Expansion of the AECOM Capital real estate development segment
Key risks
- Limited competitive moat in a fragmented professional services market
- Exposure to government budget cycles and contract renewal risk
- Elevated risk profile that could pressure margins during economic downturns
ACM vs Peers
AECOM competes in a broad infrastructure services landscape alongside specialized contractors and engineering firms.
TopBuild focuses on insulation installation and building products distribution, giving it a more product-driven revenue model compared to AECOM's pure consulting and program management approach.
IES Holdings operates across electrical and technology infrastructure services, competing with AECOM on certain construction and facilities projects but with a narrower geographic footprint.
Dycom specializes in telecommunications infrastructure contracting, making it more exposed to telecom capex cycles than AECOM's diversified government and environmental client base.
Frequently Asked Questions
What does AECOM do?
AECOM provides professional infrastructure consulting services globally. Its work spans planning, engineering design, construction management, and program management for government and commercial clients across transportation, water, environmental, energy, and facilities sectors. It also invests in real estate through its AECOM Capital segment.
Does ACM pay dividends?
Yes, AECOM pays a regular dividend. This is relatively uncommon in the professional services space and reflects the company's relatively predictable government contract revenue base. Investors seeking income should verify the current dividend rate on AECOM's investor relations page.
When does ACM report earnings?
AECOM reports on a quarterly cadence, as is standard for US-listed large-cap companies. Specific dates are not covered by our data source — check AECOM's investor relations page or a financial calendar for the next scheduled report.
Is ACM a good stock to buy?
UQS Score rates ACM as Below Average, driven by Weak Moat and Risk pillars. The Valuation pillar is rated Attractive, which may interest contrarian investors, but the overall profile suggests meaningful quality concerns. Pro members can view the complete pillar breakdown to make a more informed decision.
Is ACM overvalued?
Based on the UQS Valuation pillar, ACM is rated Attractive — meaning the current price appears favorable relative to the company's fundamentals when compared to sector peers. However, an attractive valuation alone does not offset the Weak Moat and Risk ratings in the overall UQS composite.
How does ACM compare to its competitors?
AECOM operates at a larger scale and with broader geographic reach than peers like IES Holdings and Dycom Industries. TopBuild operates in a more product-oriented niche. AECOM's diversified client base across government and international markets distinguishes it, though its Weak Moat rating suggests limited pricing power versus specialized rivals.
What is ACM's market cap bracket?
AECOM is classified as a large-cap company, placing it among the more established and widely followed names in the industrials and infrastructure services sector.
Who founded AECOM?
AECOM was incorporated in 1980 and has grown significantly through acquisitions over the decades. The company changed its name from AECOM Technology Corporation to AECOM in January 2015. Detailed founding history is available through AECOM's official corporate resources.
Is ACM a long-term quality investment?
As a long-term quality indicator, the UQS Score rates ACM as Below Average. The Neutral Quality and Growth pillars suggest the business is stable but not exceptional, while the Weak Moat rating raises questions about durable competitive advantage over a long horizon. Pro members can access the full analysis to assess fit for long-term portfolios.
What is the main competitive advantage of AECOM?
AECOM's primary advantage lies in its global scale and breadth of services — few firms can deliver integrated planning, design, and construction management across as many geographies and sectors. However, the UQS Moat pillar rates this advantage as Weak, indicating the market for infrastructure consulting remains highly competitive.
What sector does ACM belong to?
AECOM operates in the Industrials sector, specifically within professional infrastructure and engineering services. It serves clients across transportation, water, environmental, energy, government, and facilities end markets, giving it broad exposure to public and private infrastructure spending cycles.
Is ACM a growth stock or value stock?
Based on the UQS pillar profile, ACM leans toward value territory — the Valuation pillar is rated Attractive while Growth is Neutral, suggesting the stock is not priced for high expansion expectations. Investors drawn to infrastructure names at reasonable valuations may find it worth deeper analysis via a Pro account.
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Pro Analysis
ACM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 47.2 | 49.8 | 29.0 | 40.5 | 36.2 | 93.2 | -0.2 |
| May 22, 2026 | 47.4 | 50.1 | 29.0 | 40.5 | 36.2 | 94.3 | +0.1 |
| May 21, 2026 | 47.3 | 49.9 | 29.0 | 40.5 | 36.2 | 93.4 | 0.0 |
| May 16, 2026 | 47.3 | 49.9 | 29.0 | 40.5 | 36.2 | 93.6 | -0.3 |
| May 15, 2026 | 47.6 | 50.2 | 29.0 | 40.5 | 37.5 | 93.8 | 0.0 |
| May 14, 2026 | 47.6 | 50.2 | 29.0 | 40.5 | 37.5 | 94.0 | -6.8 |
| May 13, 2026 | 54.4 | 54.0 | 29.0 | 40.5 | 76.5 | 93.7 | +0.7 |
| May 12, 2026 | 53.7 | 54.0 | 29.0 | 40.5 | 76.5 | 89.3 | +7.3 |
| May 11, 2026 | 46.4 | 52.3 | 29.0 | 40.5 | 31.9 | 88.0 | -0.9 |
| May 10, 2026 | 47.3 | 56.1 | 29.0 | 40.5 | 31.9 | 87.5 | +0.9 |
ACM — Pillar Breakdown
Quality
— 49.8/100 (25%)Aecom has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 40.5/100 (20%)Aecom shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 36.2/100 (15%)Aecom has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 93.4/100 (15%)Aecom appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 29/100 (25%)Aecom operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ACM.
Score Composition
Financial Data
More Stock Analysis
How is the ACM UQS Score Calculated?
The UQS (Unified Quality Score) for Aecom is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Aecom's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Aecom is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.