AECOM vs Jacobs Solutions
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The short version
- AECOM is the larger business, with $16.1B of revenue in fiscal 2025 against $12.0B for Jacobs Solutions.
- Jacobs Solutions grew revenue faster (4.6%, against 0.2%).
- Jacobs Solutions kept more of each dollar of sales as operating profit (7.2% operating margin, against 6.4%).
- Jacobs Solutions turned more of its sales into free cash flow (5.1% FCF margin, against 4.2%).
- AECOM earned a higher return on the capital invested in it (22.4%, against 10.1%).
- Investors pay more for each dollar of Jacobs Solutions’s earnings: a P/E of 50.9x against 27.7x for AECOM.
| Latest fiscal year | ACM · FY25 | J · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.8B | $17.2B |
| Revenue | $16.1B | $12.0B |
| Free cash flow | $685M | $607M |
| Net income | $562M | $289M |
| Growth | ||
| Revenue growth | 0.2% | 4.6% |
| 5-year growth | 4.0% | −2.4% |
| Share count change | −2.3% | −3.1% |
| Profitability | ||
| Gross margin | 7.5% | 24.8% |
| Operating margin | 6.4% | 7.2% |
| Net margin | 3.5% | 2.4% |
| FCF margin | 4.2% | 5.1% |
| Return on capital | 22.4% | 10.1% |
| Return on equity | 24.0% | 7.1% |
| Balance sheet | ||
| Net debt | $1.1B | $1.0B |
| Net debt / EBITDA | 0.9x | 1.1x |
| Dividends and buybacks | $522M | $907M |
| Valuation & quality | ||
| P/E | 27.7x | 50.9x |
| Piotroski F-score | 7 | 7 |
Revenue
FY16
ACM —
J $11.0B
FY17
ACM $18.2B
J $10.0B
FY18
ACM $13.9B
J $15.0B
FY19
ACM $13.6B
J $12.7B
FY20
ACM $13.2B
J $13.6B
FY21
ACM $13.3B
J $14.1B
FY22
ACM $13.1B
J $9.8B
FY23
ACM $14.4B
J $10.9B
FY24
ACM $16.1B
J $11.5B
FY25
ACM $16.1B
J $12.0B
ACM
J
Operating margin
FY16
ACM —
J 3.1%
FY17
ACM 3.6%
J 2.4%
FY18
ACM 2.8%
J 2.6%
FY19
ACM 2.9%
J 3.2%
FY20
ACM 2.9%
J 4.0%
FY21
ACM 4.7%
J 4.9%
FY22
ACM 4.9%
J 5.5%
FY23
ACM 2.3%
J 6.2%
FY24
ACM 5.1%
J 6.0%
FY25
ACM 6.4%
J 7.2%
ACM
J
Free cash flow
FY16
ACM $623M
J $612M
FY17
ACM $610M
J $457M
FY18
ACM $661M
J $386M
FY19
ACM $677M
J −$502M
FY20
ACM $215M
J $689M
FY21
ACM $568M
J $633M
FY22
ACM $577M
J $347M
FY23
ACM $590M
J $837M
FY24
ACM $708M
J $934M
FY25
ACM $685M
J $607M
ACM
J
Return on capital
FY16
ACM 5.2%
J 5.9%
FY17
ACM 9.1%
J 4.2%
FY18
ACM 5.5%
J 3.4%
FY19
ACM 5.6%
J 5.3%
FY20
ACM 6.1%
J 7.2%
FY21
ACM 13.0%
J 5.7%
FY22
ACM 13.1%
J 5.7%
FY23
ACM 6.9%
J 6.4%
FY24
ACM 19.6%
J 8.0%
FY25
ACM 22.4%
J 10.1%
ACM
J
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.