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Side-by-side financial comparison of AECOM (ACM) and American Water Works (AWK). Click either name above to swap in a different company.

AECOM is the larger business by last-quarter revenue ($3.8B vs $1.3B, roughly 3.0× American Water Works). American Water Works runs the higher net margin — 18.7% vs 1.9%, a 16.8% gap on every dollar of revenue. On growth, American Water Works posted the faster year-over-year revenue change (5.8% vs 1.6%). AECOM produced more free cash flow last quarter ($41.9M vs $-385.0M). Over the past eight quarters, American Water Works's revenue compounded faster (12.6% CAGR vs -1.4%).

AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers...

ACM vs AWK — Head-to-Head

Bigger by revenue
ACM
ACM
3.0× larger
ACM
$3.8B
$1.3B
AWK
Growing faster (revenue YoY)
AWK
AWK
+4.3% gap
AWK
5.8%
1.6%
ACM
Higher net margin
AWK
AWK
16.8% more per $
AWK
18.7%
1.9%
ACM
More free cash flow
ACM
ACM
$426.9M more FCF
ACM
$41.9M
$-385.0M
AWK
Faster 2-yr revenue CAGR
AWK
AWK
Annualised
AWK
12.6%
-1.4%
ACM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACM
ACM
AWK
AWK
Revenue
$3.8B
$1.3B
Net Profit
$74.5M
$238.0M
Gross Margin
7.3%
Operating Margin
5.8%
31.9%
Net Margin
1.9%
18.7%
Revenue YoY
1.6%
5.8%
Net Profit YoY
-48.0%
-0.4%
EPS (diluted)
$0.56
$1.22

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.

Revenue
ACM
ACM
AWK
AWK
Q1 26
$3.8B
Q4 25
$1.3B
Q3 25
$4.2B
$1.5B
Q2 25
$4.2B
$1.3B
Q1 25
$3.8B
$1.1B
Q4 24
$4.0B
$1.2B
Q3 24
$4.1B
$1.3B
Q2 24
$4.2B
$1.1B
Net Profit
ACM
ACM
AWK
AWK
Q1 26
$74.5M
Q4 25
$238.0M
Q3 25
$120.4M
$379.0M
Q2 25
$131.0M
$289.0M
Q1 25
$143.4M
$205.0M
Q4 24
$167.0M
$239.0M
Q3 24
$172.5M
$350.0M
Q2 24
$134.3M
$277.0M
Gross Margin
ACM
ACM
AWK
AWK
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%
Operating Margin
ACM
ACM
AWK
AWK
Q1 26
5.8%
Q4 25
31.9%
Q3 25
5.7%
42.2%
Q2 25
7.0%
38.4%
Q1 25
6.8%
32.7%
Q4 24
5.9%
33.3%
Q3 24
5.8%
40.9%
Q2 24
5.5%
39.4%
Net Margin
ACM
ACM
AWK
AWK
Q1 26
1.9%
Q4 25
18.7%
Q3 25
2.9%
26.1%
Q2 25
3.1%
22.7%
Q1 25
3.8%
18.1%
Q4 24
4.2%
19.9%
Q3 24
4.2%
26.4%
Q2 24
3.2%
24.3%
EPS (diluted)
ACM
ACM
AWK
AWK
Q1 26
$0.56
Q4 25
$1.22
Q3 25
$0.90
$1.94
Q2 25
$0.98
$1.48
Q1 25
$1.08
$1.05
Q4 24
$1.25
$1.22
Q3 24
$1.27
$1.80
Q2 24
$0.98
$1.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACM
ACM
AWK
AWK
Cash + ST InvestmentsLiquidity on hand
$1.2B
$98.0M
Total DebtLower is stronger
$2.6B
$12.8B
Stockholders' EquityBook value
$2.2B
$10.8B
Total Assets
$11.9B
$35.4B
Debt / EquityLower = less leverage
1.18×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACM
ACM
AWK
AWK
Q1 26
$1.2B
Q4 25
$98.0M
Q3 25
$1.6B
$166.0M
Q2 25
$1.8B
$94.0M
Q1 25
$1.6B
$114.0M
Q4 24
$1.6B
$96.0M
Q3 24
$1.6B
$127.0M
Q2 24
$1.6B
$48.0M
Total Debt
ACM
ACM
AWK
AWK
Q1 26
$2.6B
Q4 25
$12.8B
Q3 25
$2.6B
$13.0B
Q2 25
$2.5B
$12.3B
Q1 25
$2.5B
$13.3B
Q4 24
$2.5B
$12.5B
Q3 24
$2.5B
$12.6B
Q2 24
$2.5B
$12.6B
Stockholders' Equity
ACM
ACM
AWK
AWK
Q1 26
$2.2B
Q4 25
$10.8B
Q3 25
$2.5B
$10.9B
Q2 25
$2.5B
$10.7B
Q1 25
$2.3B
$10.5B
Q4 24
$2.2B
$10.3B
Q3 24
$2.2B
$10.4B
Q2 24
$2.3B
$10.2B
Total Assets
ACM
ACM
AWK
AWK
Q1 26
$11.9B
Q4 25
$35.4B
Q3 25
$12.2B
$34.7B
Q2 25
$12.3B
$33.9B
Q1 25
$11.8B
$33.2B
Q4 24
$11.8B
$32.8B
Q3 24
$12.1B
$31.8B
Q2 24
$12.0B
$31.2B
Debt / Equity
ACM
ACM
AWK
AWK
Q1 26
1.18×
Q4 25
1.18×
Q3 25
1.06×
1.19×
Q2 25
0.99×
1.15×
Q1 25
1.07×
1.26×
Q4 24
1.11×
1.21×
Q3 24
1.12×
1.21×
Q2 24
1.07×
1.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACM
ACM
AWK
AWK
Operating Cash FlowLast quarter
$70.2M
$663.0M
Free Cash FlowOCF − Capex
$41.9M
$-385.0M
FCF MarginFCF / Revenue
1.1%
-30.3%
Capex IntensityCapex / Revenue
0.7%
82.5%
Cash ConversionOCF / Net Profit
0.94×
2.79×
TTM Free Cash FlowTrailing 4 quarters
$616.0M
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACM
ACM
AWK
AWK
Q1 26
$70.2M
Q4 25
$663.0M
Q3 25
$196.1M
$764.0M
Q2 25
$283.7M
$301.0M
Q1 25
$190.7M
$331.0M
Q4 24
$151.1M
$639.0M
Q3 24
$298.8M
$679.0M
Q2 24
$291.3M
$345.0M
Free Cash Flow
ACM
ACM
AWK
AWK
Q1 26
$41.9M
Q4 25
$-385.0M
Q3 25
$134.1M
$-33.0M
Q2 25
$261.7M
$-432.0M
Q1 25
$178.3M
$-217.0M
Q4 24
$110.9M
$-255.0M
Q3 24
$274.5M
$-4.0M
Q2 24
$272.8M
$-325.0M
FCF Margin
ACM
ACM
AWK
AWK
Q1 26
1.1%
Q4 25
-30.3%
Q3 25
3.2%
-2.3%
Q2 25
6.3%
-34.0%
Q1 25
4.7%
-19.1%
Q4 24
2.8%
-21.2%
Q3 24
6.7%
-0.3%
Q2 24
6.6%
-28.5%
Capex Intensity
ACM
ACM
AWK
AWK
Q1 26
0.7%
Q4 25
82.5%
Q3 25
1.5%
54.8%
Q2 25
0.5%
57.6%
Q1 25
0.3%
48.3%
Q4 24
1.0%
74.4%
Q3 24
0.6%
51.4%
Q2 24
0.4%
58.8%
Cash Conversion
ACM
ACM
AWK
AWK
Q1 26
0.94×
Q4 25
2.79×
Q3 25
1.63×
2.02×
Q2 25
2.17×
1.04×
Q1 25
1.33×
1.61×
Q4 24
0.90×
2.67×
Q3 24
1.73×
1.94×
Q2 24
2.17×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACM
ACM

Segment breakdown not available.

AWK
AWK

Water Services$1.0B81%
Other$127.0M10%
Wastewater Services$101.0M8%
Miscellaneous Utility Charge$11.0M1%

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