AECOM (ACM) Stock Analysis
Recovery setup
Industrials · Engineering & Construction
Sell if holding. Multiple concerning factors at $71.29: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.4); Sector modifier (Industrials): -0.7.
AECOM is the largest global architectural and engineering design firm by design revenue, providing professional infrastructure consulting, design, program management, and advisory services to governments and private clients worldwide through Americas, International, and AECOM... Read more
Sell if holding. Multiple concerning factors at $71.29: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.4); Sector modifier (Industrials): -0.7. Chart setup: Death cross but MACD improving, RSI 50. Score 5.8/10, moderate confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 55d clear, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About AECOM
About AECOM
AECOM generated $16.1 billion in total revenue in fiscal 2025, with consolidated backlog growing 6.1% year-over-year to $39.7 billion — $32.8 billion in the Americas segment and $6.9 billion internationally. Approximately 50% of revenue came from government entities and 27% from non-U.S. clients. The company employed approximately 51,000 people at fiscal year-end 2025, with roughly 18,000 in the United States.
AECOM earns revenue primarily from fee-based services billed on time-and-materials or cost-plus arrangements, with fiscal 2025 revenue comprised of 38% cost-reimbursable, 37% guaranteed maximum price, and 25% fixed-price contracts. The Americas and International segments serve transportation, water, government, facilities, environmental, and energy end markets through design, program management, and construction management. Government clients — U.S. federal at 7%, U.S. state and local at 24%, and non-U.S. governments at 19% — supply roughly half of revenue, while private entities generate the remainder. AECOM Capital provides co-general partner equity investments in real estate development projects as a separate segment. No individual client exceeded 10% of revenue in any of the past five fiscal years. Competition comes from a highly fragmented field ranging from small regional firms to multi-billion dollar international competitors, with clients selecting among qualifications, experience, reputation, and price.
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Government-contract dependence creates structural exposure to U.S. federal appropriations cycles and broader fiscal austerity. Most government contracts fund annually even when performance spans multiple years, and the 10-K notes that appropriations "may be influenced by...the state of the economy, an extended government shutdown, competing priorities for appropriation." The scale of performance commitments illustrates the risk: as of September 30, 2025, AECOM was contingently liable for $5.6 billion in issued surety bonds and had outstanding letters of credit of $903.8 million — guarantees that could become claims if contract performance falters on large fixed-price or guaranteed maximum price projects.
See also: Industrials · Engineering & Construction
From AECOM's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-06-09Recent Developments — AECOM
Latest news
- NEWS Norges Bank Makes New $205.50 Million Investment in AECOM $ACM - MarketBeat — MarketBeat positive
- NEWS Aecom Technology (ACM) tops Q2 earnings and revenue estimates - msn.com — msn.com positive
- NEWS Aecom Technology (ACM) tops Q2 earnings and revenue estimates - MSN — MSN positive
- NEWS ACM Research to Report Q1 Earnings: What's in Store for the Stock? - Yahoo Finance — Yahoo Finance neutral
- NEWS Aecom Technology (ACM) earnings expected to grow: What to know ahead of next week's release - MSN — MSN neutral
Generated 2026-06-15T18:11:46Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·2 ceiling hits
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
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Analyst Consensus
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Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $71.29: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.4); Sector modifier (Industrials): -0.7. Chart setup: Death cross but MACD improving, RSI 50. Prior stop was $66.30. Score 5.8/10, moderate confidence.
Take-profit target: $92.98 (+30.4% upside). Prior stop was $66.30. Stop-loss: $66.30.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.4); Sector modifier (Industrials): -0.7; Leverage penalty (D/E 1.4): -0.5.
AECOM trades at a P/E of 14.8 (forward 10.5). TrendMatrix value score: 8.6/10. Verdict: Sell.
18 analysts cover ACM with a consensus score of 4.1/5. Average price target: $107.
What does AECOM do?AECOM is the largest global architectural and engineering design firm by design revenue, providing professional...
AECOM is the largest global architectural and engineering design firm by design revenue, providing professional infrastructure consulting, design, program management, and advisory services to governments and private clients worldwide through Americas, International, and AECOM Capital segments. Revenue of ~$16.1B in fiscal 2025 with ~50% from government clients (US federal 7%, state/local 24%, non-US 19%).