← BackAECOM · Engineering ServicesACM
Low riskNext report: Around Nov 17 (est.)
The short versionA profitable company with shrinking sales.
Going well
- Profitable
- Brings in more cash than it spends
- Buying back shares: share count down 6.6% in 3 years
Watch out for
- Sales down 14% in the latest quarter vs a year ago
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 5.3% to their holdings in the quarter ending June 2026 (258 bought, 358 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$60.73+0.4% that day
- Company value
- $7.8B
- Share price times all shares
- Price vs profit (P/E)
- 27.9x
- You pay about $28 for each $1 of yearly profit
- Price vs sales
- 0.51x
- Company value is 0.51 times a year of sales
- Cash vs value
- 13%
- Cash as a share of company value
- Debt vs value
- 34%
- Debt as a share of company value
From ACM's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$3.6B-14% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $15.4B, down 4.2% from the 12 months before. Over 5 years, sales grew about 4.0% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.25.3%
- MissDebt under half of equityNot relying on borrowed money.1.18x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.5%
- MissProfitable every yearSteady profits, not one good year.8 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$684.9M
- PassShare count not growingNot diluting owners. Falling means buybacks.-6.6% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.7.5%
- Revenue
- $16.1B
- +0.2% vs prior year
- 5-year growth
- +4.0%/yr
- revenue, per year
- Total debt
- $2.6B
- 1.18x equity
- Current ratio
- 1.10x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $3.6B
- -14.2% YoY
- EPS
- -$0.67
- vs $0.98
- Op. margin
- -2.1%
- -9.1 pts
- Gross margin
- -0.9%
- -8.7 pts
- Free cash flow
- $54.9M
- Share count
- -3.4%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+5.3%Institutions added 5.3% to their holdings. 258 bought, 358 sold.
Shares held by institutions119.5M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-2.5%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
1.2x · $2.7B debtShares outstandingLatest reported
129MNext reportAround Nov 17 (est.)Estimated from the same quarter last year
- Results filedAug 10
- Results filedMay 11
- Results filedFeb 9
- Results filedNov 18, 2025
- Results filedAug 4, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.