AECOM vs MasTec
Add, change or remove companies; up to four.
The short version
- AECOM is the larger business, with $16.1B of revenue in fiscal 2025 against $14.3B for MasTec.
- MasTec grew revenue faster (16.2%, against 0.2%).
- AECOM turned more of its sales into free cash flow (4.2% FCF margin, against 2.0%).
- AECOM earned a higher return on the capital invested in it (22.4%, against 11.2%).
- Investors pay more for each dollar of AECOM’s earnings: a P/E of 27.7x against 27.3x for MasTec.
| Latest fiscal year | ACM · FY25 | MTZ · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.8B | $13.5B |
| Revenue | $16.1B | $14.3B |
| Free cash flow | $685M | $286M |
| Net income | $562M | $399M |
| Growth | ||
| Revenue growth | 0.2% | 16.2% |
| 5-year growth | 4.0% | 17.7% |
| Share count change | −2.3% | −0.2% |
| Profitability | ||
| Gross margin | 7.5% | — |
| Operating margin | 6.4% | — |
| Net margin | 3.5% | 2.8% |
| FCF margin | 4.2% | 2.0% |
| Return on capital | 22.4% | 11.2% |
| Return on equity | 24.0% | 12.9% |
| Balance sheet | ||
| Net debt | $1.1B | $1.9B |
| Net debt / EBITDA | 0.9x | 1.7x |
| Dividends and buybacks | $522M | $77.3M |
| Valuation & quality | ||
| P/E | 27.7x | 27.3x |
| Piotroski F-score | 7 | 7 |
Revenue
FY16
ACM —
MTZ $5.1B
FY17
ACM $18.2B
MTZ $6.6B
FY18
ACM $13.9B
MTZ $6.9B
FY19
ACM $13.6B
MTZ $7.2B
FY20
ACM $13.2B
MTZ $6.3B
FY21
ACM $13.3B
MTZ $8.0B
FY22
ACM $13.1B
MTZ $9.8B
FY23
ACM $14.4B
MTZ $12.0B
FY24
ACM $16.1B
MTZ $12.3B
FY25
ACM $16.1B
MTZ $14.3B
ACM
MTZ
Operating margin
FY16
ACM —
MTZ —
FY17
ACM 3.6%
MTZ —
FY18
ACM 2.8%
MTZ —
FY19
ACM 2.9%
MTZ —
FY20
ACM 2.9%
MTZ —
FY21
ACM 4.7%
MTZ —
FY22
ACM 4.9%
MTZ —
FY23
ACM 2.3%
MTZ —
FY24
ACM 5.1%
MTZ —
FY25
ACM 6.4%
MTZ —
ACM
MTZ
Free cash flow
FY16
ACM $623M
MTZ $88.5M
FY17
ACM $610M
MTZ $20.7M
FY18
ACM $661M
MTZ $350M
FY19
ACM $677M
MTZ $424M
FY20
ACM $215M
MTZ $724M
FY21
ACM $568M
MTZ $623M
FY22
ACM $577M
MTZ $88.9M
FY23
ACM $590M
MTZ $494M
FY24
ACM $708M
MTZ $973M
FY25
ACM $685M
MTZ $286M
ACM
MTZ
Return on capital
FY16
ACM 5.2%
MTZ 8.0%
FY17
ACM 9.1%
MTZ 16.7%
FY18
ACM 5.5%
MTZ 11.5%
FY19
ACM 5.6%
MTZ 15.5%
FY20
ACM 6.1%
MTZ 12.3%
FY21
ACM 13.0%
MTZ 10.7%
FY22
ACM 13.1%
MTZ 2.4%
FY23
ACM 6.9%
MTZ 2.3%
FY24
ACM 19.6%
MTZ 7.0%
FY25
ACM 22.4%
MTZ 11.2%
ACM
MTZ
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.