Q4 25 EPS
$1.36
BEAT +1.49%
Est. $1.34
Q4 25 Revenue
$4.18B
MISS 3.23%
Est. $4.31B
vs S&P Since Q4 25
-60.2%
TRAILING MARKET
ACM -46.6% vs S&P +13.6%
Full Year 2025 Results
FY 25 EPS
$5.26
BEAT +0.17%
Est. $5.25
FY 25 Revenue
$16.14B
MISS 0.85%
Est. $16.28B
Market Reaction
Did ACM Beat Earnings? Q4 2025 Results
AECOM closed out fiscal 2025 with a mixed but broadly encouraging quarter, delivering Q4 adjusted EPS of $1.36 against a consensus estimate of $1.34, a 1.49% beat, even as revenue of $4.18 billion came in 3.23% below the $4.31 billion analysts had ex… Read more AECOM closed out fiscal 2025 with a mixed but broadly encouraging quarter, delivering Q4 adjusted EPS of $1.36 against a consensus estimate of $1.34, a 1.49% beat, even as revenue of $4.18 billion came in 3.23% below the $4.31 billion analysts had expected, rising just 1.6% year over year. The headline earnings strength was particularly notable given that a notably elevated Q4 adjusted tax rate of 29.0% weighed on results; management indicated that, absent the higher tax burden, quarterly adjusted EPS growth would have been 18%. The real story, however, was the margin and backlog momentum: full-year segment adjusted operating margins hit a record 16.5%, and total backlog climbed to an all-time high of $24.83 billion. AECOM also announced a review of its Construction Management business for a potential sale, pivoting toward higher-margin design and AI-driven advisory services, with analysts anticipating a sustained infrastructure construction cycle ahead. For fiscal 2026, the company guided adjusted EPS of $5.65 to $5.85, representing roughly 9% growth at the midpoint.
Key Takeaways
- • NSR growth accelerated to 8% in Q4, driven by 9% growth in Americas design business
- • Record full year segment adjusted operating margin of 16.5%, up 70 basis points
- • Americas adjusted operating margin on NSR reached record 19.8% for full year, up 90 basis points
- • Design book-to-burn ratio of 1.1x in Q4, marking 20th consecutive quarter above 1.0x
- • Total backlog reached all-time high of $24.8 billion, fifth consecutive quarter of sequential growth
- • Design pipeline increased 13% year-over-year to sixth consecutive all-time high
ACM YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ACM Revenue by Segment
With YoY comparisons, source: SEC Filings
ACM Revenue by Geography
With YoY comparisons, source: SEC Filings
“We exited fiscal 2025 with numerous financial and strategic accomplishments including a record backlog and pipeline, which underpins our confidence in fiscal 2026 and beyond.”
— Troy Rudd, Q4 2025 Earnings Press Release
ACM Earnings Trends
ACM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ACM EPS Trend
Earnings per share: estimate vs actual
ACM Revenue Trend
Quarterly revenue: estimate vs actual
ACM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.54 | $1.59 | +3.25% | $3.80B | -3.60% |
| Q1 26 BEAT | $1.16 | $1.29 | +11.21% | $3.83B | +8.61% |
| Q4 25 BEAT FY | $1.34 | $1.36 | +1.49% | $4.18B | -3.23% |
| FY Full Year | $5.25 | $5.26 | +0.17% | $16.14B | -0.85% |
| Q3 25 BEAT | $1.25 | $1.34 | +7.20% | $4.18B | -3.52% |
| Q2 25 BEAT | $1.19 | $1.25 | +5.04% | $3.77B | -9.64% |