AECOM (ACM)

Over the past six months, AECOM's stock price has experienced a downward trend, eroding investor wealth by around 38%. Significant weakness was triggered by detrimental earnings events in November 2025 and February 2026. Analyst sentiment shifted to more cautious, with downgrades and price target adjustments. Insider selling and more institutional investors reducing positions contributed to negative sentiment. AECOM initiated a review of strategic alternatives for its Construction Management business in November 2025, but decided to continue owning and operating the business in February 2026.

Demand for AECOM's products and services exhibits some seasonality, with the second fiscal quarter traditionally being weaker due to weather, fewer working days, and the holiday season. Conditions typically improve in the second half of the fiscal year. Net service revenues are supported by strong demand in transportation, water, and environmental markets, driven by rising infrastructure investment globally. AECOM's record backlog and consistent book-to-burn ratio above 1x indicate sustained demand.

AECOM is a global infrastructure consulting firm providing professional services across sectors like transportation, water, environment, and buildings. It operates in engineering services and environmental consulting, offering design, consulting, and management services with a focus on project and program management, asset management, and advisory services. The company's services include design, consulting, and management services encompassing planning, architecture, engineering design, and construction management. AECOM excels in managing large and complex projects and provides strategic consulting and market research reports. Environmental consulting services include assessments, audits, natural resource management, site remediation planning, and waste management consulting. AECOM is expanding into digital consulting and offers construction services for various projects. Through AECOM Capital, the company invests in and develops real estate projects.

AECOM has a significant global presence, with 53% of its revenue from the Americas and 47% from Europe, the Middle East, India, and Asia-Pacific. The company operates in over 150 countries and employs 51,000 individuals globally. Its operations are segmented into Americas, International, and AECOM Capital.

AECOM has maintained a strong brand reputation, being recognized on Fortune's World's Most Admired Companies list for the twelfth consecutive year in January 2026. In March 2026, AECOM was named one of the World's Most Ethical Companies by Ethisphere for the tenth time overall and six years in a row. AECOM was ranked as the No. 1 overall design firm by Engineering News-Record in 2025 and reaffirmed its No. 1 rankings across its primary end markets. The company also achieved an all-time high win rate on projects.

AECOM's ownership is predominantly institutional, with institutional shareholders controlling approximately 87% of the company. The largest institutional owners include Vanguard Group, BlackRock, Inc., Select Equity Group, and State Street Corporation. Individual insider ownership is less than 2% of the shares, with Troy Rudd and Lara Poloni being the largest insider shareholders. The general public holds about 13% ownership.