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Side-by-side financial comparison of AECOM (ACM) and Arthur J. Gallagher & Co. (AJG). Click either name above to swap in a different company.
AECOM is the larger business by last-quarter revenue ($3.8B vs $3.6B, roughly 1.1× Arthur J. Gallagher & Co.). Arthur J. Gallagher & Co. runs the higher net margin — 4.2% vs 1.9%, a 2.2% gap on every dollar of revenue. On growth, Arthur J. Gallagher & Co. posted the faster year-over-year revenue change (33.6% vs 1.6%). Arthur J. Gallagher & Co. produced more free cash flow last quarter ($713.4M vs $41.9M). Over the past eight quarters, Arthur J. Gallagher & Co.'s revenue compounded faster (5.5% CAGR vs -1.4%).
AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.
Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage and risk management services, which primarily includes processing of workers compensation and automobile insurance claims via the company's adjusters.
ACM vs AJG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $3.6B |
| Net Profit | $74.5M | $151.1M |
| Gross Margin | 7.3% | — |
| Operating Margin | 5.8% | 5.0% |
| Net Margin | 1.9% | 4.2% |
| Revenue YoY | 1.6% | 33.6% |
| Net Profit YoY | -48.0% | -41.5% |
| EPS (diluted) | $0.56 | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $4.2B | $3.4B | ||
| Q2 25 | $4.2B | $3.2B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $4.0B | $2.7B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.2B | $2.8B |
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $151.1M | ||
| Q3 25 | $120.4M | $272.7M | ||
| Q2 25 | $131.0M | $365.8M | ||
| Q1 25 | $143.4M | $704.4M | ||
| Q4 24 | $167.0M | $258.3M | ||
| Q3 24 | $172.5M | $312.6M | ||
| Q2 24 | $134.3M | $283.4M |
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 6.9% | — |
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | 5.7% | 10.3% | ||
| Q2 25 | 7.0% | 14.6% | ||
| Q1 25 | 6.8% | 23.4% | ||
| Q4 24 | 5.9% | 12.3% | ||
| Q3 24 | 5.8% | 14.4% | ||
| Q2 24 | 5.5% | 13.2% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | 2.9% | 8.1% | ||
| Q2 25 | 3.1% | 11.4% | ||
| Q1 25 | 3.8% | 18.9% | ||
| Q4 24 | 4.2% | 9.5% | ||
| Q3 24 | 4.2% | 11.1% | ||
| Q2 24 | 3.2% | 10.2% |
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $0.58 | ||
| Q3 25 | $0.90 | $1.04 | ||
| Q2 25 | $0.98 | $1.40 | ||
| Q1 25 | $1.08 | $2.72 | ||
| Q4 24 | $1.25 | $1.10 | ||
| Q3 24 | $1.27 | $1.39 | ||
| Q2 24 | $0.98 | $1.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | — |
| Total DebtLower is stronger | $2.6B | $12.9B |
| Stockholders' EquityBook value | $2.2B | $23.3B |
| Total Assets | $11.9B | $70.7B |
| Debt / EquityLower = less leverage | 1.18× | 0.55× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $12.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | $23.0M | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $23.3B | ||
| Q3 25 | $2.5B | $23.2B | ||
| Q2 25 | $2.5B | $23.0B | ||
| Q1 25 | $2.3B | $22.3B | ||
| Q4 24 | $2.2B | $20.2B | ||
| Q3 24 | $2.2B | $12.2B | ||
| Q2 24 | $2.3B | $11.6B |
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $70.7B | ||
| Q3 25 | $12.2B | $79.1B | ||
| Q2 25 | $12.3B | $80.1B | ||
| Q1 25 | $11.8B | $74.1B | ||
| Q4 24 | $11.8B | $64.3B | ||
| Q3 24 | $12.1B | $57.2B | ||
| Q2 24 | $12.0B | $63.0B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.11× | 0.00× | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.07× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.2M | $753.0M |
| Free Cash FlowOCF − Capex | $41.9M | $713.4M |
| FCF MarginFCF / Revenue | 1.1% | 19.7% |
| Capex IntensityCapex / Revenue | 0.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.94× | 4.98× |
| TTM Free Cash FlowTrailing 4 quarters | $616.0M | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $753.0M | ||
| Q3 25 | $196.1M | $731.3M | ||
| Q2 25 | $283.7M | $-426.1M | ||
| Q1 25 | $190.7M | $871.8M | ||
| Q4 24 | $151.1M | $739.3M | ||
| Q3 24 | $298.8M | $934.8M | ||
| Q2 24 | $291.3M | $119.5M |
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $713.4M | ||
| Q3 25 | $134.1M | $693.5M | ||
| Q2 25 | $261.7M | $-465.5M | ||
| Q1 25 | $178.3M | $843.6M | ||
| Q4 24 | $110.9M | $695.7M | ||
| Q3 24 | $274.5M | $898.0M | ||
| Q2 24 | $272.8M | $87.7M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 19.7% | ||
| Q3 25 | 3.2% | 20.6% | ||
| Q2 25 | 6.3% | -14.5% | ||
| Q1 25 | 4.7% | 22.6% | ||
| Q4 24 | 2.8% | 25.6% | ||
| Q3 24 | 6.7% | 32.0% | ||
| Q2 24 | 6.6% | 3.2% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.5% | 1.1% | ||
| Q2 25 | 0.5% | 1.2% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 1.0% | 1.6% | ||
| Q3 24 | 0.6% | 1.3% | ||
| Q2 24 | 0.4% | 1.1% |
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | 4.98× | ||
| Q3 25 | 1.63× | 2.68× | ||
| Q2 25 | 2.17× | -1.16× | ||
| Q1 25 | 1.33× | 1.24× | ||
| Q4 24 | 0.90× | 2.86× | ||
| Q3 24 | 1.73× | 2.99× | ||
| Q2 24 | 2.17× | 0.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACM
Segment breakdown not available.
AJG
| Commissions | $2.1B | 57% |
| Broker Fees | $1.2B | 33% |
| Supplemental Revenue | $131.7M | 4% |
| Investment Performance | $121.8M | 3% |
| Contingent Revenue | $83.0M | 2% |
