Aecon Group Inc.

Aecon Group Inc.

ARE.TO
Aecon Group Inc.CA flagToronto Stock Exchange
52.18
CAD
+0.67
- -
3.57BMarket Cap
Aecon Group Inc.
ARE.TO
(Toronto Stock Exchange)

Recent

price

52.18

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
50.22
53.73
54.5
58.26
48.29
51.78
56.02
47.85
54.62
57
60.68
65.91
77.02
75.16
67.71
86.11
77.85
Revenue per Share
0.76
1.07
1.46
0.77
0.55
1.22
0.82
0.48
0.99
1.2
1.47
0.82
0.5
2.62
-0.95
0.24
0.4
Basic EPS, GAAP
-3.02
0.87
-0.03
1.43
0.29
0.09
-0.23
0.47
2.58
-0.15
2.23
-1.21
-2.54
0.44
-0.73
0.93
-1.43
Free Cash Flow per Basic Share
0.21
0.21
0.27
0.33
0.36
0.39
0.45
0.49
0.5
0.56
0.63
0.68
0.73
0.74
0.75
0.76
0.76
Dividend per Share
2.75
8.99
10.24
10.71
11.36
11.87
12
12.08
12.64
13.15
13.99
14.2
14.02
15.89
14.1
13.74
12.97
Book Value per Share
3.06
7.84
9.1
-1.36
-1.82
-1.99
10.92
7.88
-7.45
-9.13
-10.82
-10.72
-10.86
-1.99
-3.88
-4.02
10.61
Tangible Book Value per Share
55
54
53
53
54
56
57
59
60
61
60
60
61
62
63
63
63
Basic Weighted Avg Shares
2,750
2,896
2,887
3,069
2,614
2,918
3,213
2,806
3,266
3,460
3,644
3,977
4,696
4,644
4,243
5,435
4,906
Sales/Revenue/Turnover
-0.09
2.51
2.1
1.94
1.67
2.06
1.97
1.39
2.29
2.6
3.49
2.42
1.39
-0.03
-2.79
0.99
0.94
Operating Margin (%)
48
63
61
63
64
68
64
94
104
94
92
88
94
79
88
106
101
Depreciation Expense
42
58
78
41
30
69
47
28
59
73
88
50
30
162
-60
15
25
Net Income, GAAP
16.65
15.52
17.84
17.43
15.23
39.68
28.63
8.6
11.95
16.04
28.99
32.67
29.33
8.82
- -
37.38
39.63
Effective Tax Rate (%)
1.52
1.99
2.69
1.32
1.15
2.35
1.46
1
1.81
2.11
2.42
1.25
0.65
3.49
-1.4
0.28
0.51
Profit Margin (%)
244
260
229
189
139
470
498
607
883
772
671
676
489
690
285
268
428
Working Capital
407
394
399
372
271
266
251
444
613
676
671
695
549
218
264
368
474
LT Debt
460
486
543
- -
- -
- -
738
756
- -
- -
- -
- -
- -
- -
- -
- -
894
Total Equity
-0.23
5.38
4.91
5.99
7
9.44
6.56
2.86
6.33
10.77
11.81
8.29
5.41
-0.2
- -
7.84
2.12
Return on Invested Capital (%)
8.02
8.85
9.79
6.72
5.89
8.46
6.27
4.19
5.73
6.25
6.91
5.02
4.16
14.23
- -
3.14
3.78
Return on Capital (%)
28.37
18.12
15.11
7.34
5.09
10.69
6.89
4.04
8.06
9.38
10.75
5.86
3.55
17.63
-6.38
1.73
3.03
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
41
41
43
LT Borrowings
264
416
474
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
63
63
63
Market Capitalization
1,707
1,065
1,296

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,229
2,373
2,442
Cash, Cash Equivalents & STI
438
386
462
Accounts Receivable, Net
504
590
608
Inventories
22
27
28
Total Current Liabilities
1,943
1,986
2,014
Payables & Accruals
1,125
1,132
1,183
ST Debt
41
41
43
Deferred Revenue
595
630
607

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
-248.9%
-131.47%
-228.77%
Net Income, GAAP
17.03%
17.64%
-125.47%
Sales/Revenue/Turnover
7.07%
9.11%
28.09%
Total Cash Common Dividend
8.17%
5.04%
1.76%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
847
854
1,275
1,267
4,243
2025
1,062
1,302
1,541
- -
5,435
2026
1,257
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
-1.99
0.9
0.22
-0.95
2025
-0.6
-0.12
- -
- -
0.24
2026
-0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.19
0.19
0.19
0.75
2025
0.19
0.19
- -
- -
0.76
2026
0.38
- -
- -
- -
- -
Business
Aecon Group Inc. provides construction and infrastructure development services to private and public sector clients across North America and select international markets. Founded in 1877 and headquartered in Toronto, Ontario, the company operates primarily through its Construction segment, which encompasses civil infrastructure such as bridges, highways, dams and ports; urban transportation solutions including light rail transit, subways and commuter rail; nuclear infrastructure encompassing refurbishment, new builds, engineering and small modular reactors; utility infrastructure covering electrical transmission, gas distribution, water treatment and battery energy storage; and industrial infrastructure supporting mining, oil and gas, power generation and fabrication; as well as its Concessions segment, which focuses on the development, financing, design, building, operation and maintenance of public-private partnership projects. Aecon targets government agencies, utilities, energy firms and industrial clients, with principal operations in Canada and the United States, supplemented by selective international pursuits in the Caribbean and beyond. In recent developments, Aecon has pursued aggressive U.S. expansion through strategic acquisitions, including Bodell Construction Company in Salt Lake City, Utah in August 2025 for industrial capital projects in oil and gas, mining, water and power sectors; Trinity Industrial Services in Beaumont, Texas in September 2025, adding multidisciplinary maintenance, turnarounds and fabrication services under multi-year agreements primarily in Texas and Louisiana; United Engineers & Constructors Inc. in Mount Laurel, New Jersey in December 2024 for US$33 million to bolster nuclear and conventional power capabilities; and an agreement in November 2025 for Aecon Utilities to acquire KPC, a high-voltage testing, commissioning and metering contractor. The company reached financial close on a C$609 million design-build contract with Pomerleau for the Port of Montreal Expansion in-water works in Contrecoeur, Quebec in October 2025, supporting enhanced terminal capacity and trade; secured an alliance construction contract for Ontario Power Generation's Darlington New Nuclear Project small modular reactor; and achieved commercial close on the Scarborough Subway Extension and Yonge North Subway Extension Advance Tunnel projects. These moves have driven record backlog to $10.8 billion as of September 30, 2025, up significantly from prior periods, alongside revenue growth of 20% in Q3 2025 to $1.53 billion, fueled by nuclear, industrial and utilities volumes.

Company News

APIChatGPT
  • Aecon strengthens North American nuclear fabrication capabilities with facility in South Carolina

  • Aecon announces voting results of Annual General Meeting

  • Aecon Announces Board Chair Transition

  • Aecon reports first quarter 2026 results with record backlog of $10.9 billion

  • St. Davids Capital Files Filing Statement for Qualifying Transaction