ACM AECOM

Overview and Growth

Fiscal 2025 results for AECOM combined $16.14B of revenue with net income of $561.77M and an operating cash inflow of $821.60M. The $16.14B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 0.2% from $16.11B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $4.21, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 42.7% from $2.95 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 1.32x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $1.22B as gross profit before recognizing operating expenses and other items. Gross profit represented 7.5% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $1.03B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 6.4%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $561.77M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 3.5% margin after operating costs and the remaining recognized items. Pretax income was $915.57M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 5.7% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $204.02M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 22.3%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 20.8%, relating annual net income to the equity capital on the balance sheet. Net income represented 4.6% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

Total assets were $12.20B, supported by $9.50B of liabilities and $2.70B of shareholder equity. The near-term balance sheet paired $6.73B of current assets with $5.93B of current liabilities at the reporting date. The current ratio was 1.14x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $1.59B, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 26.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The liabilities-to-assets relationship was 77.9%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 13.0% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $12.06B in fiscal 2024, the current asset base moved 1.1% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $821.60M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 1.46x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $136.68M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 16.6%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $684.93M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 4.2%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 5.6%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.