Aecom Technology (ACM) financial statements
Aecom Technology reported revenue of $16.1B in fiscal 2025, down 1.5% a year over 8 years.
Net income was $562M.
Free cash flow was $685M, and the company returned $134M in dividends and $388M in net buybacks.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Aecom Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $18.2B | $13.9B | $13.6B | $13.2B | $13.3B | $13.1B | $14.4B | $16.1B | $16.1B |
| Cost of revenue | $16.8B | $17.5B | $13.4B | $13.0B | $12.5B | $12.5B | $12.3B | $13.4B | $15.0B | $14.9B |
| Gross profit | $643M | $684M | $479M | $612M | $710M | $798M | $848M | $945M | $1.1B | $1.2B |
| Selling, general and admin | $115M | $133M | $136M | $148M | $189M | $155M | $147M | $154M | $160M | $158M |
| Operating income | $376M | $654M | $393M | $396M | $381M | $630M | $647M | $324M | $827M | $1.0B |
| Interest expense | — | — | — | — | — | — | $110M | $159M | $185M | $184M |
| Pre-tax income | $126M | $429M | $212M | $249M | $233M | $409M | $551M | $213M | $718M | $916M |
| Income tax | -$38M | $8M | -$3M | $13M | $46M | $89M | $136M | $56M | $153M | $204M |
| Net income | $96M | $339M | $136M | -$261M | -$186M | $173M | $311M | $55M | $402M | $562M |
| EPS (diluted) | $0.62 | $2.13 | $0.84 | -$1.63 | -$1.16 | $1.16 | $2.18 | $0.39 | $2.95 | $4.21 |
| Diluted shares | 156M | 159M | 162M | 160M | 161M | 150M | 143M | 140M | 136M | 133M |
| Gross margin | — | 3.8% | 3.5% | 4.5% | 5.4% | 6.0% | 6.4% | 6.6% | 6.7% | 7.5% |
| Operating margin | — | 3.6% | 2.8% | 2.9% | 2.9% | 4.7% | 4.9% | 2.3% | 5.1% | 6.4% |
| Net margin | — | 1.9% | 1.0% | -1.9% | -1.4% | 1.3% | 2.4% | 0.4% | 2.5% | 3.5% |
Balance sheet
Fiscal years, from Aecom Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $692M | $802M | $887M | $886M | $1.7B | $1.2B | $1.2B | $1.3B | $1.6B | $1.6B |
| Receivables | $4.5B | $5.1B | $3.3B | $2.9B | $2.9B | $2.6B | $2.3B | $2.5B | $2.8B | $2.5B |
| Total current assets | $6.0B | $6.7B | $7.1B | $7.5B | $7.5B | $6.2B | $5.8B | $6.2B | $7.1B | $6.7B |
| Property, plant and equipment | $645M | $621M | $614M | $406M | $382M | $399M | $428M | $383M | $354M | $416M |
| Goodwill | $5.8B | $6.0B | $5.9B | $3.5B | $3.5B | $3.5B | $3.4B | $3.4B | $3.5B | $3.7B |
| Total assets | $13.7B | $14.4B | $14.7B | $14.6B | $13.0B | $11.7B | $11.1B | $11.2B | $12.1B | $12.2B |
| Total current liabilities | $5.3B | $5.6B | $6.1B | $6.5B | $6.1B | $5.5B | $5.4B | $5.9B | $6.4B | $5.9B |
| Long-term debt | $3.7B | $3.7B | $3.5B | $3.2B | $2.0B | $2.2B | $2.2B | $2.1B | $2.5B | $2.6B |
| Total liabilities | $10.1B | $10.2B | $10.4B | $10.7B | $9.6B | $8.9B | $8.5B | $8.8B | $9.7B | $9.5B |
| Shareholders' equity | $3.4B | $4.0B | $4.1B | $3.7B | $3.3B | $2.7B | $2.5B | $2.2B | $2.2B | $2.5B |
| Net debt | $3.4B | $3.0B | $2.7B | $2.4B | $354M | $982M | $1.0B | $943M | $936M | $1.1B |
Cash flow
Fiscal years, from Aecom Technology's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $814M | $697M | $775M | $778M | $330M | $705M | $714M | $696M | $827M | $822M |
| Capital spending | $191M | $86M | $113M | $101M | $115M | $136M | $137M | $106M | $120M | $137M |
| Free cash flow | $623M | $610M | $661M | $677M | $215M | $568M | $577M | $590M | $708M | $685M |
| Stock-based compensation | $73M | $84M | $73M | $64M | $54M | $45M | $38M | $46M | $62M | $61M |
| Dividends paid | — | — | — | — | — | — | $63M | $96M | $115M | $134M |
| Share buybacks (net) | -$26M | -$25M | -$179M | -$98M | -$187M | -$867M | -$473M | -$379M | -$479M | -$388M |
| Net borrowing | -$494M | -$1.1B | $489M | -$284M | -$1.1B | $913M | -$39M | -$46M | $291M | -$46M |
| Free cash flow margin | — | 3.4% | 4.8% | 5.0% | 1.6% | 4.3% | 4.4% | 4.1% | 4.4% | 4.2% |
| Dividends per share | — | — | — | — | — | — | $0.44 | $0.69 | $0.84 | $1.00 |
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Open ACM in InvestinglyQuestions
What was Aecom Technology's revenue in 2025?
$16.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Aecom Technology generate?
$685M in fiscal 2025 (operating cash flow minus capital spending).
From Aecom Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.