ACM
AECOM

AECOMACM

Industrials · Engineering & Construction
62.27USD
+1.20%
Oct 29, 2026
ACM overview ready
Infrastructure Services Provider Enabling Public Infrastructure Programs
AECOM is an infrastructure-services enabler: it provides advisory, engineering and design, program management, environmental services and project-delivery support rather than owning the underlying infrastructure assets or manufacturing their equipment.
Narrative is still early
Exposed to the Public Infrastructure Modernization and Resilience narrative through Complex Infrastructure Design and Program Management — enabling supplier.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Fair valuation
The price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.
Solid fundamentals
Ev / ebitda is strong.
Primary risk
Dependence on public infrastructure spending.
Market Oct 28Filing Jun 30Price action Oct 28Research Aug 4

Conviction Level

CompanyFit6.0PriceAction6.3Valuation5.4CompanyPosition9.3BusinessQuality8.1

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
vs SPY
+2.4pp
Theme return
+3.4%
Beating SPY
5 of 9
21 sessions to Oct 28, 2026 · ranked 22 of 60 themes
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$8.0B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+0.2%
FY2025 vs FY2024
Gross Margin
+5.7%
Trailing twelve months
Operating Margin
+4.1%
Trailing twelve months
Free Cash Flow Yield
+2.5%
Distance from 200DMA
-17.8%
Next Earnings
2026-11-16
P/E
27.8x
EV / EBITDA
11.5x
EV / Sales
0.6x
Market metrics as of Oct 28, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
AECOM has a Fair valuation stance because the price broadly reflects how its multiples compare with businesses of the same kind, with upside and risk reasonably balanced.

Company Research

Thesis
AECOM is an infrastructure-services enabler: it provides advisory, engineering and design, program management, environmental services and project-delivery support rather than owning the underlying infrastructure assets or manufacturing their equipment.
Opportunity
Moderate opportunity
Public agencies, utilities and institutional infrastructure owners are funding and executing large, multi-year transportation, water, environmental and civic-asset programs that require outsourced planning, design, technical advisory and owner-side program management.
Key risk
Dependence on public infrastructure spending.

Economic classification

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Business & Markets

Industrials · Engineering & Construction
What they do

AECOM provides professional infrastructure consulting services globally through advisory, planning, design, construction management, and investment services, operating across Americas, International, and AECOM Capital segments.

How it earns

Project-based fees from consulting, design, program management, and investment services.

Products & services
Infrastructure advisory
Engineering and architectural design
Construction and program management
Environmental services
Investment and development services
Customers & end markets
Public agencies
Utilities
Institutional infrastructure owners
Private sector clients
Market position

Leader in global infrastructure consulting and program management services.

Demand drivers
Medium cyclicality

Demand depends on public infrastructure funding cycles and economic conditions affecting capital projects.