AECOM Beats Q4 Earnings but Revenue Miss Drives 4.4% Share Drop, Backlog Up 9%
AECOM delivered better-than-expected Q4 2025 earnings but revenues missed forecasts, contributing to a 4.37% one-month share decline and a $12.14 billion market capitalization. The firm’s order backlog expanded 9% year-on-year to $25.96 billion with a 1.5x book-to-burn ratio, supporting revenue visibility.
1. Q4 2025 Financial Results
AECOM reported adjusted earnings per share above consensus but recorded revenues below street estimates in the quarter, triggering a 4.37% decline in its share price over the past month and a closing market capitalization of approximately $12.14 billion on March 4, 2026.
2. Strong Backlog and Coverage
The firm’s total order backlog expanded by 9% year-over-year to $25.96 billion as of December 31, 2025, with a book-to-burn ratio of 1.5x that provides ample coverage for expected revenue through subsequent quarters.