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ACM
AECOM

AECOMACM

Industrials · Engineering & Construction
63.53USD
+1.02%
Sep 14, 2026
ACM overview ready
Global Infrastructure Consulting Leader Enabling Complex Public Program Management
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 not measured
Public Infrastructure Modernization and ResilienceComplex Infrastructure Design and Program ManagementEnabling supplier
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to how its multiples compare with businesses of the same kind.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on government infrastructure spending.
Market Sep 11Price action Sep 13Research Aug 4

Conviction Level

NarrativeHeatThemeHeat5.5PriceAction3.4Valuation9.2CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$8.2B
Avg Volume (60D)
2.1M
60 sessions
Revenue Growth YoY
-4.2%
Trailing twelve months
Gross Margin
+5.7%
Operating Margin
+4.7%
Trailing twelve months
Free Cash Flow Yield
+4.6%
Distance from 200DMA
-23.0%
Next Earnings
2026-11-17
P/E
23.2x
EV / EBITDA
11.3x
EV / Sales
0.7x
Market metrics as of Sep 13, 2026

Fundamentals & Valuation

One of the two valuation perspectives says cheap; intrinsic is the dissenting view.
AECOM has a Cheap valuation stance because current market expectations look undemanding relative to how its multiples compare with businesses of the same kind.

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 government infrastructure spending.

Narrative & Theme

Public Infrastructure Modernization and Resilience
Part of Complex Infrastructure Design and Program Management, with moderate fit.
AECOM has a real and direct exposure to the multi-year modernization of transportation, water, environmental and energy-related infrastructure.
Narrative HeatNeutral6.0 / 10
This reading is no longer current (last measured 2026-08-27). It is kept until the next scheduled measurement replaces it.
Theme HeatNeutral5.5 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Engineering & Construction
What they do

AECOM provides professional infrastructure consulting services globally through its subsidiaries, operating across the Americas, International, and AECOM Capital segments. It delivers advisory, design, construction, program management, and investment services to public and private clients.

How it earns

Project-based revenue from consulting, design, construction management, and investment services.

Products & services
Infrastructure consulting
Architectural and engineering design
Construction and program management
Investment and development services
Customers & end markets
Government agencies
Private businesses
Organizations in transportation, facilities, water, environmental, and energy sectors
Market position

AECOM is a global leader in infrastructure consulting and engineering services.

Demand drivers
Medium cyclicality

Business is influenced by public and private infrastructure spending cycles and economic conditions.

Peers

Companies validated as economically comparable to ACM — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
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KBR, Inc.Early Recovery — Failed ReclaimCheap8.0High8.3Heating up7.5Heating upLocked$36.59+0.38%
Fluor CorporationEstablished Trend — Constructive PullbackFair6.5Medium9.5Hot9.3HotLocked$54.20+1.21%