Aecom (0H9N.L) q2 2025 Earnings Report

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Aecom

0H9N.L

$103.13 -1.50%

Exchange: LSE | Sector: Industrials | Industry: Engineering Construction

Q2 2025

Published: May 6, 2025

Earnings Highlights

Revenue of $3.77B down 4.4% year-over-year
EPS of $1.08 increased by 10% from previous year
Gross margin of 7.7%
Net income of 143.39M
"We are actively leveraging our capabilities in infrastructure consulting, particularly as government budgets increase for public infrastructure projects." - Aecom CEO

0H9N.L

Aecom

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

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

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	4,178.44	0.98	+0.7%	View
Q2 2025	3,771.61	1.08	-4.4%	View
Q1 2025	4,014.15	1.25	+2.9%	View
Q4 2024	4,110.49	1.28	+7.0%	View
Q3 2024	4,151.25	0.98	+13.3%	View

Aecom (0H9N.L) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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