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Aecom vs Vse: revenue, profit, margins and growth compared

Aecom brought in $16.1B of revenue in fiscal 2025, Vse $1.1B in fiscal 2025. Revenue changed by +0.2% at Aecom and +41.5% at Vse on the year before, so Vse grew faster. Aecom kept 3.5% of its revenue as net profit, Vse 1.1%. Free cash flow was $684.9M at Aecom and $5.7M at Vse.

Side by side, latest fiscal year

ACMVSEC
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$16.1B$1.1B
Revenue growth+0.2%+41.5%
Net income$561.8M$11.7M
Net margin3.5%1.1%
Free cash flow$684.9M$5.7M
Free cash flow margin4.2%0.5%
Earnings per share (diluted)$4.21$0.55
Cash$1.6B$69.4M
Debt$2.7B$292.8M
Price to earnings14.5328.7
Market value$7.8B$5.1B
Dividend yieldn/a0.22%
Rank by revenue in sector#75 of 778 · Consumer discretionary#446 of 778 · Consumer discretionary

Over the years

Revenue
ACM FY2018: $20.2BACM FY2019: $13.6BACM FY2020: $13.2BACM FY2021: $13.3BACM FY2022: $13.1BACM FY2023: $14.4BACM FY2024: $16.1BACM FY2025: $16.1BVSEC FY2018: $697.2MVSEC FY2019: $752.6MVSEC FY2020: $661.7MVSEC FY2021: $481.4MVSEC FY2022: $669.4MVSEC FY2023: $544MVSEC FY2024: $786.3MVSEC FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
ACM $16.1BVSEC $1.1B
Net income
ACM FY2018: $136.5MACM FY2019: -$261.1MACM FY2020: -$186.4MACM FY2021: $173.2MACM FY2022: $310.6MACM FY2023: $55.3MACM FY2024: $402.3MACM FY2025: $561.8MVSEC FY2018: $35.1MVSEC FY2019: $37MVSEC FY2020: -$5.2MVSEC FY2021: $8MVSEC FY2022: $28.1MVSEC FY2023: $39.1MVSEC FY2024: $15.3MVSEC FY2025: $11.7MFY18FY19FY20FY21FY22FY23FY24FY25
ACM $561.8MVSEC $11.7M
Net margin
ACM FY2018: 0.7%ACM FY2019: -1.9%ACM FY2020: -1.4%ACM FY2021: 1.3%ACM FY2022: 2.4%ACM FY2023: 0.4%ACM FY2024: 2.5%ACM FY2025: 3.5%VSEC FY2018: 5.0%VSEC FY2019: 4.9%VSEC FY2020: -0.8%VSEC FY2021: 1.7%VSEC FY2022: 4.2%VSEC FY2023: 7.2%VSEC FY2024: 1.9%VSEC FY2025: 1.1%FY18FY19FY20FY21FY22FY23FY24FY25
ACM 3.5%VSEC 1.1%
Revenue growth
ACM FY2019: -32.3%ACM FY2020: -3.0%ACM FY2021: +0.8%ACM FY2022: -1.4%ACM FY2023: +9.4%ACM FY2024: +12.0%ACM FY2025: +0.2%VSEC FY2019: +7.9%VSEC FY2020: -12.1%VSEC FY2021: -27.2%VSEC FY2022: +39.1%VSEC FY2023: -18.7%VSEC FY2024: +44.5%VSEC FY2025: +41.5%FY19FY20FY21FY22FY23FY24FY25
ACM +0.2%VSEC +41.5%
Free cash flow
ACM FY2018: $661.3MACM FY2019: $677MACM FY2020: $215MACM FY2021: $568.4MACM FY2022: $576.6MACM FY2023: $590.4MACM FY2024: $707.9MACM FY2025: $684.9MVSEC FY2018: $15.7MVSEC FY2019: $8.4MVSEC FY2020: $31.3MVSEC FY2021: -$28.1MVSEC FY2022: -$3.2MVSEC FY2023: -$40.5MVSEC FY2024: -$51.7MVSEC FY2025: $5.7MFY18FY19FY20FY21FY22FY23FY24FY25
ACM $684.9MVSEC $5.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Aecom and Vse

Which is bigger by revenue, Aecom or Vse?

Aecom is bigger by revenue: $16.1B in fiscal 2025, against $1.1B for Vse in fiscal 2025.

Which keeps more of its revenue as profit, Aecom or Vse?

Aecom had a net margin of 3.5% in fiscal 2025; Vse had 1.1% in fiscal 2025.

Which grew revenue faster, Aecom or Vse?

In their latest fiscal years revenue changed by +0.2% at Aecom and +41.5% at Vse.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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