AECOM is a global infrastructure consulting and engineering firm that provides professional services across the entire project lifecycle. The company offers advisory, planning, architectural and engineering design, and construction management services to public and private clients. Headquartered in Dallas, Texas, AECOM operates worldwide and focuses on major non-residential end markets, including transportation, water, energy, and environmental infrastructure. It is distinctive for its scale and role as a primary program manager on complex, large-scale public works projects.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
16,139,622
16,105,498
14,378,461
13,148,182
Cost of Sales
14,922,909
15,021,157
13,432,996
12,300,208
Gross Profit
1,216,713
1,084,341
945,465
847,974
Selling, General & Administrative Expenses
157,849
160,105
153,575
147,309
Other Operating Expenses
32,342
96,794
467,756
53,861
Operating Profit
1,026,522
827,442
324,134
646,804
Interest and Investment Income
62,894
58,560
40,251
8,210
Interest Expense
(184,304)
(185,420)
(159,342)
(110,274)
Non-Operating Income
10,457
17,570
8,357
5,942
Total Non-Operating Income
(110,953)
(109,290)
(110,734)
(96,122)
Income Before Provision for Income Taxes
915,569
718,152
213,400
550,682
Provision for Income Taxes
204,018
152,900
56,052
136,051
Consolidated Net Income
711,551
565,252
157,348
414,631
Net Income Attributable to Minority Interests and Other
74,413
57,989
44,809
24,091
Net Income Attributable to Discontinued Operations
(75,364)
(104,997)
(57,207)
(79,929)
Net Income Attributable to Common Shareholders
561,774
402,266
55,332
310,611
Basic EPS
4.24
2.97
0.40
2.76
Diluted EPS
4.21
2.95
0.39
2.73
Basic Weighted Average Shares Outstanding
132,373
135,544
138,614
140,800
Diluted Weighted Average Shares Outstanding
133,311
136,453
140,109
142,700
Shares Outstanding
131,782
132,552
136,211
138,934
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,585,739
1,580,877
1,260,206
1,172,209
Total Cash and Cash Equivalents
1,585,739
1,580,877
1,260,206
1,172,209
Accounts Receivable
4,282,326
4,599,765
4,069,504
3,720,110
Other Receivables
146,092
159,500
14,435
89,088
Total Trade Receivables
4,428,418
4,759,265
4,083,939
3,809,198
Other Current Assets
716,070
715,617
825,356
838,402
Total Current Assets
6,730,227
7,055,759
6,169,511
5,822,810
Net Property, Plant & Equipment
879,643
786,543
829,682
968,012
Net Intangible Assets
183,284
6,932
17,769
35,552
Goodwill
3,700,619
3,480,155
3,418,930
3,380,761
Long-Term Investments
138,056
138,067
139,236
354,983
Other Long-Term Assets
568,420
594,213
658,270
577,197
Total Assets
12,200,249
12,061,669
11,233,398
11,139,315
Accounts Payable
2,260,609
2,560,122
2,190,755
2,027,314
Accrued Expenses
2,490,480
2,385,731
2,287,546
2,181,408
Short-Term Debt
4,069
3,080
3,085
5,032
Current Portion of Long-Term Debt
62,217
63,844
86,369
43,574
Unearned Revenue
1,087,905
1,298,327
1,188,742
1,051,258
Other Current Liabilities
23,536
62,977
93,786
95,585
Total Current Liabilities
5,928,816
6,374,081
5,850,283
5,404,171
Long-Term Debt
2,647,220
2,450,330
2,113,369
2,156,686
Leases
515,998
510,573
548,851
595,308
Other Long-Term Liabilities
412,031
356,275
337,184
377,771
Total Long-Term Liabilities
3,575,249
3,317,178
2,999,404
3,129,765
Total Liabilities
9,504,065
9,691,259
8,849,687
8,533,936
Common Stock
1,318
1,326
1,362
1,389
Additional Paid-in Capital
4,609,126
4,347,197
4,241,523
4,156,594
Accumulated Other Comprehensive Income
(893,027)
(882,671)
(926,577)
(979,675)
Retained Earnings
(1,224,833)
(1,281,647)
(1,103,976)
(701,654)
Total Common Shareholders' Equity
2,492,584
2,184,205
2,212,332
2,476,654
Minority Interests and Other
203,600
186,205
171,379
128,725
Total Shareholders' Equity
2,696,184
2,370,410
2,383,711
2,605,379
Total Liabilities and Shareholders' Equity
12,200,249
12,061,669
11,233,398
11,139,315
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
636,187
460,255
100,141
334,702
Depreciation & Amortization
175,917
178,812
175,725
170,886
Share-Based Compensation Expense
61,439
61,520
45,882
38,471
Other Adjustments
90,348
277,450
324,369
35,550
Changes in Trade Receivables
334,419
(500,798)
(402,498)
236,605
Changes in Accounts Payable
(333,564)
391,176
169,514
(102,873)
Changes in Accrued Expenses
145,198
91,983
97,239
48,019
Changes in Unearned Revenue
(210,549)
109,390
137,484
(1,434)
Changes in Other Operating Activities
(77,793)
(242,298)
48,124
(40,294)
Cash from Operating Activities
821,602
827,490
695,980
713,636
Capital Expenditure
(136,675)
(119,597)
(105,600)
(137,017)
Proceeds from Sale of Property, Plant & Equipment
292
494
344
8,951
Proceeds from Sale of Investments
—
3,180
5,977
10,242
Payments for Business Acquisitions
(212,529)
(18,658)
—
(42,261)
Other Investing Activities
(64,309)
(76,058)
(38,898)
(14,949)
Cash from Investing Activities
(413,221)
(210,639)
(138,177)
(175,034)
Issuance of Long-Term Debt
3,401,524
6,169,266
3,506,668
3,618,585
Repayments of Long-Term Debt
(3,256,673)
(5,878,475)
(3,552,639)
(3,657,308)
Net Issuance / (Repayments) of Long-Term Debt
144,851
290,791
(45,971)
(38,723)
Issuance of Common Shares
42,140
36,612
39,065
26,666
Repurchases of Common Shares
(388,380)
(478,501)
(379,284)
(472,970)
Net Issuance / (Repurchases) of Common Shares
(346,240)
(441,889)
(340,219)
(446,304)
Common Share Dividends Paid
(133,572)
(115,244)
(96,192)
(63,288)
Other Financing Activities
(68,709)
(29,118)
9,447
(40,000)
Cash from Financing Activities
(403,670)
(295,460)
(472,935)
(588,315)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(3,834)
1,319
512
(8,307)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash