ACM vs AGX vs EME Stock Comparison

Aecom, Argan and Emcor Prices as of Nov 2, 2026 Peers: Industry group
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ACM Aecom
$65.65 +10.0% 1M -51.1% 1Y
Market cap
$8.45B
P/E
29.3x
Revenue (TTM)
$15.39B
Div. yield
1.89%
Engineering and Construction Industrials
3 wins
AGX Argan Inc
$333.91 -13.1% 1M +9.0% 1Y
Market cap
$4.69B
P/E
26.1x
Revenue (TTM)
$1.19B
Div. yield
0.66%
Engineering and Construction Industrials
5 wins
EME EMCOR Group, Inc.
$682.75 -13.2% 1M +1.0% 1Y
Market cap
$30.20B
P/E
19.6x
Revenue (TTM)
$19.84B
Div. yield
0.23%
Engineering and Construction Industrials
2 wins

Head to Head

10 decided of 12

Argan leads on 5 of the 12 questions below (Argan 5, Aecom 3, Emcor 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionACMAGXEMELeader
Larger companyMarket capitalisation $8.45B $4.69B $30.20B EME
Cheaper on earningsLower P/E, profitable companies only 29.3x 26.1x 19.6x EME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.7x 23.8x 19.7x ACM
Faster revenue growthRevenue growth, trailing twelve months -4.2% +29.0% +22.1% AGX
More profitableNet margin, trailing twelve months 1.9% 15.1% 7.8% AGX
Better return on capitalReturn on invested capital 9.9% — — –
Less leveragedLower net debt / EBITDA 2.4x — — –
Higher dividend yieldTrailing dividend yield 1.89% 0.66% 0.23% ACM
Better 1-year returnPrice return, last 12 months -51.1% +9.0% +1.0% AGX
Better 5-year returnAnnualised price return, 5 years -0.7%/yr +50.5%/yr +40.9%/yr AGX
Less volatileAnnualised volatility, 1 year 38.7% 75.2% 41.5% ACM
Higher overall scoreMean of the five percentile scores vs peers 47/100 73/100 70/100 AGX

Percentile Scorecard

ACMAGXEME

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisACMAGXEME
Valuation 55 #24 of 52 65 #19 of 52 69 #17 of 52
Growth 11 #33 of 37 100 #1 of 37 69 #12 of 37
Profitability 44 #21 of 37 97 #2 of 37 92 #4 of 37
Financial Health 30 #40 of 57 63 #22 of 57 59 #24 of 57
Shareholder Returns 93 #3 of 28 41 #17 of 28 59 #12 of 28
Overall 47 73 70
  • ACM ranked among 57 companies in Construction Services
  • AGX ranked among 57 companies in Construction Services
  • EME ranked among 57 companies in Construction Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodACMAGXEMESPY
1 month +10.0%-13.1%-13.2% -2.3%
3 months -12.3%-43.6%-16.5% -0.7%
6 months -21.9%-52.1%-25.0% +4.8%
Year to date -31.1%+6.6%+11.6% +10.3%
1 year -51.1%+9.0%+1.0% +10.3%
3 years -16.9%+639.9%+224.8% +73.0%
3 years, per year -6.0%+94.9%+48.1% +20.1%
5 years -3.6%+671.0%+454.8% +61.9%
5 years, per year -0.7%+50.5%+40.9% +10.1%
10 years +142.2%+512.7%+1,045.6% +258.6%
10 years, per year +9.2%+19.9%+27.6% +13.6%

Risk

MeasureACMAGXEMESPY
Volatility, 1Y 38.7%75.2%41.5% 12.8%
Downside volatility, 1Y 47.2%68.4%40.8% 12.8%
Beta vs S&P 500, 1Y 0.841.761.78 1.00
Return / volatility, 1Y -1.320.120.02 0.80
Max drawdown, 5Y -56.8%-58.8%-36.2% -25.4%
From 52-week high -50.9%-58.2%-27.7% -3.5%
52-week high $133.80$798.55$943.75 $779.14
52-week low $58.00$296.56$581.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleACMAGXEME
P/E now vs peer median 29.3xmedian 27.3x 26.1xmedian 27.3x 19.6xmedian 27.3x
P/S now vs peer median 0.5xmedian 0.8x 3.9xmedian 0.8x 1.5xmedian 0.8x
EV/EBITDA now vs peer median 14.3xmedian 13.1x 22.4xmedian 13.1x 12.9xmedian 13.1x
P/FCF now vs peer median 41.5xmedian 22.4x 8.6xmedian 22.4x 20.4xmedian 22.4x
P/B now vs peer median 3.5xmedian 2.5x 9.2xmedian 2.5x 7.1xmedian 2.5x
PEG now vs peer median 0.92median 0.63 0.39median 0.63 0.44median 0.63

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsACMAGXEME
Revenue $15.39B $1.19B $19.84B
Gross profit $874.05M $247.88M $3.89B
Operating income $631.20M $182.50M $2.07B
Net income $334.79M $179.31M $1.54B
Free cash flow $203.45M $545.70M $1.48B
EPS (diluted) $2.24 $12.66 $34.65
Cash & equivalents $1.01B $364.48M $774.75M
Total debt $2.75B – –
Shares (diluted) 128.60M 14.16M 44.55M
Enterprise value $3.78B $2.69B $26.48B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricACMAGXEME
P/E 29.3x 26.1x 19.6x
P/FCF 41.5x 8.6x 20.4x
P/Operating cash flow 23.1x 8.4x 18.7x
P/S 0.5x 3.9x 1.5x
P/B 3.5x 9.2x 7.1x
P/Tangible book 3.8x 9.4x 10.7x
EV/EBITDA 14.3x 22.4x 12.9x
EV/EBIT 16.1x 22.7x 14.2x
EV/Revenue 0.7x 3.5x 1.5x
EV/FCF 50.0x 7.6x 19.9x
EV/Operating cash flow 27.9x 7.5x 18.3x
PEG (3Y EPS CAGR) 0.92 0.39 0.44

Growth

14 metrics
MetricACMAGXEME
Revenue growth (1Y) -4.2% 29.0% 22.1%
Revenue CAGR (3Y) 3.3% 35.1% 17.9%
Gross profit growth (1Y) -25.9% 43.2% 23.4%
Gross profit CAGR (3Y) -1.4% 45.7% 26.4%
Operating income growth (1Y) -38.5% 55.5% 35.5%
Operating income CAGR (3Y) 13.8% 71.8% 39.4%
Net income growth (1Y) -50.9% 53.0% 36.6%
Net income CAGR (3Y) 24.6% 67.9% 41.2%
EPS growth (1Y) -51.4% 52.6% 37.8%
EPS CAGR (3Y) 31.9% 67.8% 44.2%
Operating cash flow growth (1Y) -60.5% 279.5% 29.2%
Operating cash flow CAGR (3Y) -20.5% 108.5% 29.9%
Free cash flow growth (1Y) -75.3% 289.0% 29.0%
Free cash flow CAGR (3Y) -29.3% 111.7% 30.4%

Profitability

14 metrics
MetricACMAGXEME
Gross margin 5.7% 20.9% 19.6%
EBITDA margin 4.6% 15.5% 11.5%
Operating margin 4.1% 15.4% 10.4%
Pretax margin 3.4% 18.2% 10.5%
Net margin 1.9% 15.1% 7.8%
FCF margin 1.3% 45.9% 7.5%
Operating cash flow margin 2.4% 46.7% 8.1%
Return on equity 13.9% 36.6% 36.9%
Return on assets 2.8% 13.3% 14.4%
Return on invested capital 9.9% – –
Return on capital employed 10.5% 39.2% 44.5%
Asset turnover 1.3x 0.9x 1.9x
Cash conversion (OCF / net income) 1.1x 3.1x 1.0x
Stock comp / revenue 0.3% 0.8% 0.1%

Financial Health

11 metrics
MetricACMAGXEME
Debt / assets 22.8% – –
Debt / equity 1.1x – –
Net debt / EBITDA 2.4x – –
Debt / FCF 13.5x – –
Liabilities / assets 80.0% 63.8% 61.9%
Equity / assets 20.0% 36.2% 38.1%
Interest coverage 3.1x – –
Current ratio 1.1x 1.5x 1.2x
Quick ratio 0.9x 0.9x 1.1x
Cash ratio 0.2x 0.6x 0.1x
Altman Z-score 1.83 5.29 5.97

Shareholder Returns

7 metrics
MetricACMAGXEME
Dividend yield 1.9% 0.7% 0.2%
Net buyback yield 7.6% 0.3% 2.0%
Shareholder yield 9.5% 0.9% 2.3%
Payout ratio (earnings) – 15.6% 4.2%
Payout ratio (FCF) – 5.1% 4.3%
Dividend growth (1Y) – 37.2% 42.2%
Dividend CAGR (3Y) – 27.7% 27.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusACMAGXEME
Forward P/E 15.7xFY2026 23.8xFY2026 19.7xFY2026
EPS, next fiscal year $4.19FY2026 $14.02FY2026 $34.73FY2026
EPS growth, next FY -20.3%FY2026 +43.9%FY2026 +34.2%FY2026
EPS growth, the year after +54.7% +5.8% +10.7%
Revenue, next fiscal year $7.04BFY2026 $1.36BFY2026 $19.07BFY2026
Revenue growth, next FY -7.0%FY2026 +43.6%FY2026 +12.2%FY2026
Revenue growth, the year after +8.8% +19.0% +13.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersACMAGXEME
Held by institutions 92.6% 99.2% 93.1%
Institutions holding 573 559 1,237
Change in shares held, QoQ +5.5% +10.8% -0.1%
Institutions buying 270 315 661
Institutions selling 233 185 419
Buyers to sellers 1.16 1.70 1.58

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ACMAGXEME
ACM 1.00 0.03 0.11
AGX 0.03 1.00 0.58
EME 0.11 0.58 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ACM, AGX and EME?

Emcor (EME) is the largest by market capitalisation: Aecom (ACM) $8.45B, Argan (AGX) $4.69B, Emcor (EME) $30.20B.

Which stock is cheaper, ACM, AGX and EME?

Emcor (EME) trades on the lowest price-to-earnings ratio (Aecom (ACM) 29.3x, Argan (AGX) 26.1x, Emcor (EME) 19.6x). On next year's consensus earnings, Aecom (ACM) is cheapest (Aecom (ACM) 15.7x, Argan (AGX) 23.8x, Emcor (EME) 19.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Argan (AGX) grew revenue fastest over the trailing twelve months: Aecom (ACM) -4.2%, Argan (AGX) +29.0%, Emcor (EME) +22.1%.

Which company is more profitable?

Argan (AGX) has the highest net margin (Aecom (ACM) 1.9%, Argan (AGX) 15.1%, Emcor (EME) 7.8%).

Which stock has performed better?

Over the past year Argan (AGX) returned the most: Aecom (ACM) -51.1%, Argan (AGX) +9.0%, Emcor (EME) +1.0%. Over five years, Argan (AGX) compounded fastest (Aecom (ACM) -0.7%/yr, Argan (AGX) +50.5%/yr, Emcor (EME) +40.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Aecom (ACM) has the highest dividend yield: Aecom (ACM) 1.89%, Argan (AGX) 0.66%, Emcor (EME) 0.23%.

Which stock is riskier?

By one-year price volatility, Aecom (ACM) has been the steadiest (Aecom (ACM) 38.7%, Argan (AGX) 75.2%, Emcor (EME) 41.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ACM, AGX and EME?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Argan (AGX) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.