We are actively leveraging our capabilities in infrastructure consulting, particularly as government budgets increase for public infrastructure projects.
— Aecom CEO
03Detailed Report
0H9N.L
Aecom
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 15, 2026
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Executive Summary
In Q2 2025, Aecom reported a revenue of $3.77 billion, reflecting a 4.37% decline year-over-year. However, net income increased significantly by 14,139.72% to $143.39 million, aided by a notable reduction in operational and administrative expenses. Operating income also saw a robust growth of 28.48%. Despite revenue decline, the earnings per share surged to $1.08, showcasing Aecom's improved profitability. Management highlighted that the company is strategically focusing on infrastructure consulting, taking advantage of increased public spending in key markets, particularly in the U.S. and infrastructure projects abroad.
Key Performance Indicators
Revenue
Decreasing
3.77B
QoQ: -6.04% | YoY: -4.37%
Gross Profit
Increasing
290.76M
7.71% margin
QoQ: 8.33% | YoY: 11.33%
Operating Income
Increasing
257.57M
QoQ: 8.45% | YoY: 28.48%
Net Income
Increasing
143.39M
QoQ: -14.16% | YoY: 14 139.72%
EPS
Increasing
1.08
QoQ: -14.29% | YoY: 10 700.00%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance: Aecom's revenue of $3.77 billion reflects a decrease of 4.37% YoY and 6.04% QoQ. The decline is attributable to projects nearing completion with lower backlogs from the previous year.
Profitability: Gross profit margin improved YoY to 7.71% with a gross profit of $290.76 million, up 11.33%. Operating income reached $257.57 million, yielding a healthy margin of 6.83%, attributed to rigorous cost control measures.
Balance Sheet Health: Aecom's total assets stood at $11.78 billion against total liabilities of $9.32 billion, showcasing a strong equity position of $2.29 billion. Cash at period-end amounted to approximately $1.6 billion, providing liquidity to navigate challenges and invest in growth initiatives.
Cash Flow: The company generated $190.66 million from operating activities, indicating strong cash generation capabilities. Free cash flow stood at $178.28 million, enhancing its flexibility for strategic reinvestment.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
3.77B
-4.37%
-6.04%
Gross Profit
290.76M
11.33%
8.33%
Operating Income
257.57M
28.48%
8.45%
Net Income
143.39M
14 139.72%
-14.16%
EPS
1.08
10 700.00%
-14.29%
Key Financial Ratios
Gross Profit Margin
Weak
7.71%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Fair
6.83%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
3.80%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
1.22%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
6.27%
Return on equity is acceptable but below top-tier companies
Debt to Equity
High Risk
1.32
Debt-to-equity indicates high leverage and elevated financial risk
P/E Ratio
Fair Value
21.42x
P/E ratio in line with market averages
Price to Book
Premium
5.37x
Trading at premium to book value, reflects strong intangibles or growth
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