Explain this page
Arphra AIPlain-English read on Aecom’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $14B | $17.27B | — | — | — |
| Enterprise value | — | — | — | $15.44B | $19.05B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 0.96 | 1.18 | — | — | — |
| EV / FCF | — | — | — | 21.82 | 27.81 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +2.87% | +3.25% | — | — | — |
| Free cash flow yield | — | — | — | +5.06% | +3.97% | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +5.98% | +6.45% | +6.58% | +6.73% | +7.54% | +6.90% | +7.01% | +7.02% |
| Operating margin | +4.72% | +4.92% | +2.25% | +5.14% | +6.36% | +4.70% | +4.67% | +4.48% |
| EBITDA margin | +6.17% | +6.33% | +3.81% | +6.72% | +7.90% | +6.29% | +6.05% | +6.09% |
| EBIT margin | +4.85% | +5.03% | +2.59% | +5.61% | +6.81% | +4.98% | +4.86% | +5.03% |
| Pre-tax margin | +3.06% | +4.19% | +1.48% | +4.46% | +5.67% | +3.99% | +3.93% | +3.97% |
| Net margin | +1.30% | +2.36% | +0.38% | +2.50% | +3.48% | +2.09% | +2.08% | +2.15% |
| Cost structure | ||||||||
| Cost of revenue / sales | +94.02% | +93.55% | +93.42% | +93.27% | +92.46% | +90.57% | +95.13% | +90.53% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +1.16% | +1.12% | +1.07% | +0.99% | +0.98% | +0.99% | +1.00% | +1.01% |
| Effective tax rate | +21.77% | +24.71% | +26.27% | +21.29% | +22.28% | +22.00% | +23.37% | +22.30% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +6.12% | +11.92% | +2.32% | +16.97% | +20.84% | +13.34% | +12.63% | +13.18% |
| Return on assets (ROA) | +1.48% | +2.79% | +0.49% | +3.34% | +4.60% | +2.69% | +2.73% | +2.77% |
| Return on capital (ROC) | +11.01% | +11.96% | +6.31% | +15.33% | +16.94% | +13.40% | +12.79% | +12.43% |
| Return on invested capital (ROIC) | +3.03% | +5.75% | +1.08% | +7.45% | +9.27% | +5.97% | +5.69% | +5.95% |
| Asset turnover | +113.69% | +118.03% | +128.00% | +133.53% | +132.29% | +128.70% | +131.46% | +128.98% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +1.30% | +2.36% | +0.38% | +2.50% | +3.48% | +2.09% | +2.08% | +2.15% |
| Asset turnover (× revenue / assets) | +113.69% | +118.03% | +128.00% | +133.53% | +132.29% | +128.70% | +131.46% | +128.98% |
| Equity multiplier (× assets / equity) | +414.69% | +427.55% | +471.26% | +508.84% | +452.50% | +495.08% | +462.04% | +476.16% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 1.14 | 1.18 | 1.28 | 1.34 | 1.32 | 1.29 | 1.31 | 1.29 |
| Fixed-asset turnover | 13.26 | 13.58 | 17.33 | 20.48 | 18.35 | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.28 | 3.45 | 3.52 | 3.38 | 3.64 | — | — | — |
| Payables turnover | 6.00 | 6.07 | 6.13 | 5.87 | 6.60 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 111.24 | 105.83 | 103.67 | 107.86 | 100.15 | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 60.84 | 60.16 | 59.53 | 62.21 | 55.29 | — | — | — |
| Cash conversion cycle | 50.41 | 45.67 | 44.14 | 45.65 | 44.86 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 4.07 | 2.30 | 12.58 | 2.06 | 1.46 | 2.41 | 2.35 | 2.34 |
| FCF / Net income | 3.28 | 1.86 | 10.67 | 1.76 | 1.22 | 2.02 | 2.07 | 2.01 |
| FCF margin | +4.26% | +4.39% | +4.11% | +4.40% | +4.24% | +4.22% | +4.30% | +4.32% |
| OCF margin | +5.28% | +5.43% | +4.84% | +5.14% | +5.09% | +5.04% | +4.89% | +5.02% |
| CapEx / Revenue | +1.02% | +1.04% | +0.73% | +0.74% | +0.85% | +0.79% | +0.75% | +0.76% |
| CapEx / D&A | 0.77 | 0.80 | 0.60 | 0.67 | 0.78 | — | — | — |
| Stock-based comp / Revenue | +0.34% | +0.29% | +0.32% | +0.38% | +0.38% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 1.16 | 2.18 | 0.39 | 2.95 | 4.21 | 5.98 | 6.72 | 7.52 |
| EPS · basic | 1.18 | 2.21 | 0.40 | 2.97 | 4.24 | 6.05 | 6.85 | 7.55 |
| Book value / share | 18.90 | 18.26 | 17.01 | 17.37 | 20.22 | 9.32 | 10.34 | 10.70 |
| Tangible BV / share | -4.86 | -5.68 | -7.52 | -8.18 | -8.91 | 9.32 | 10.34 | 10.70 |
| Sales / share | 89.13 | 92.14 | 102.62 | 118.03 | 121.07 | 59.37 | 62.83 | 65.71 |
| Operating CF / share | 4.71 | 5.00 | 4.97 | 6.06 | 6.16 | 2.99 | 3.07 | 3.30 |
| Free cash flow / share | 3.80 | 4.04 | 4.21 | 5.19 | 5.14 | 2.51 | 2.70 | 2.84 |
| Dividends / share | 0.00 | 0.44 | 0.69 | 0.84 | 1.00 | 0.43 | 0.47 | 0.50 |
| Payout ratio | 0.00% | +20.38% | +173.85% | +28.65% | +23.78% | +34.22% | +36.16% | +35.26% |
| Retention ratio | +100.00% | +79.62% | -73.85% | +71.35% | +76.22% | +65.78% | +63.84% | +64.74% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | -1.44% | +9.36% | +12.01% | +0.21% | -50.93% | +5.70% | +4.82% | -5.81% |
| Gross profit · YoY | — | +6.21% | +11.50% | +14.69% | +12.21% | -55.11% | +7.38% | +5.02% | -3.64% |
| Profit | |||||||||
| Operating income · YoY | — | +2.74% | -49.89% | +155.28% | +24.06% | -63.75% | +5.03% | +0.66% | -6.49% |
| EBITDA · YoY | — | +1.01% | -34.07% | +97.35% | +17.87% | -60.96% | +1.60% | +5.66% | -5.98% |
| Net income · YoY | — | +79.35% | -82.19% | +627.00% | +39.65% | -70.49% | +4.99% | +8.16% | +1.20% |
| Operating | |||||||||
| EBIT · YoY | — | +2.13% | -43.61% | +142.41% | +21.72% | -64.15% | +3.11% | +8.51% | -5.33% |
| R&D · YoY | — | — | — | — | — | — | — | — | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +87.93% | -82.11% | +656.41% | +42.71% | +42.11% | +12.29% | +11.97% | +30.61% |
| EPS · basic · YoY | — | +87.29% | -81.90% | +642.50% | +42.76% | +42.71% | +13.15% | +10.28% | +30.36% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $2.89B | $2.8B | $2.75B | $3.03B | $3.36B | $1.53B | $1.68B | $1.74B |
| Net debt | $1.66B | $1.63B | $1.49B | $1.45B | $1.78B | $786.53M | $891.09M | $927.34M |
| Net debt / EBITDA | 2.02 | 1.96 | 2.72 | 1.34 | 1.39 | 1.58 | 1.76 | 1.73 |
| Debt / equity | 1.02 | 1.07 | 1.15 | 1.28 | 1.25 | 1.23 | 1.22 | 1.22 |
| Debt / assets | +24.63% | +25.14% | +24.50% | +25.10% | +27.56% | +24.94% | +26.35% | +25.53% |
| Equity / assets | +24.11% | +23.39% | +21.22% | +19.65% | +22.10% | +20.20% | +21.64% | +21.00% |
| Coverage | ||||||||
| EBITDA / interest expense | 3.46 | 7.54 | 3.44 | 5.84 | 6.92 | 5.53 | 5.27 | 5.51 |
| Operating income / interest | 2.64 | 5.87 | 2.03 | 4.46 | 5.57 | 4.13 | 4.07 | 4.05 |
| Interest expense | $238.35M | $110.27M | $159.34M | $185.42M | $184.3M | $90.02M | $95.96M | $97.12M |
| Liquidity | ||||||||
| Current ratio | 1.12 | 1.08 | 1.05 | 1.13 | 1.14 | — | — | — |
| Quick ratio | 0.96 | 0.92 | 0.91 | 0.99 | 1.01 | — | — | — |
| Cash ratio | 0.22 | 0.22 | 0.22 | 0.25 | 0.27 | — | — | — |
| Working capital | $651.83M | $418.64M | $319.23M | $801.98M | $801.41M | — | — | — |
| Working capital / revenue | +4.89% | +3.18% | +2.22% | +4.98% | +4.97% | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 1.18x | 0.96x |
| Earnings yield | 3.3% | 2.9% |
| FCF yield | 4.0% | 5.1% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 22.5% | 18.4% |
| ROA | 4.6% | 3.3% |
| ROIC | 12.3% | 11.3% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 1.39 | 1.34 |
| Interest coverage | — | — |
| Current ratio | 1.14x | 1.13x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).