Aecon Group (TSX:ARE) FCF Margin %: -4.62% (As of Mar. 2026)


TSX:ARE Aecon Group Inc TSX:ARE
80 GF Score
Price C$44.09
GF Value C$25.80
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Aecon Group FCF Margin %?

Aecon Group TSX:ARE -1.28% 80 FCF Margin % is -4.62% as of Mar. 2026. GuruFocus rates TSX:ARE with a GF Score™ of 80/100 and a GF Value™ of C$25.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,770 Construction companies, Aecon Group ranks better than 53.62% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Aecon Group's Free Cash Flow for the three months ended in Mar. 2026 was C$-58 Mil. Aecon Group's Revenue for the three months ended in Mar. 2026 was C$1,257 Mil. Therefore, Aecon Group's FCF Margin % for the quarter that ended in Mar. 2026 was -4.62%.

As of today, Aecon Group's current FCF Yield % is 6.34%.

The historical rank and industry rank for Aecon Group's FCF Margin % or its related term are showing as below:

TSX:ARE' s FCF Margin % Range Over the Past 10 Years
Min: -3.3   Med: 0.16   Max: 4.72
Current: 3.4


During the past 13 years, the highest FCF Margin % of Aecon Group was 4.72%. The lowest was -3.30%. And the median was 0.16%.

TSX:ARE's FCF Margin % is ranked better than
53.62% of 1770 companies
in the Construction industry
Industry Median: 2.61 vs TSX:ARE: 3.40


Aecon Group FCF Margin % Related Terms


Aecon Group FCF Margin % Historical Data

* Premium members only.

The historical data trend for Aecon Group's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aecon Group FCF Margin % Chart

Aecon Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.84 -3.30 0.58 -1.08 1.08

Aecon Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.94 2.13 2.99 11.41 -4.62

TSX:ARE vs PWR, FIX, EME: FCF Margin % Comparison

For the Engineering & Construction subindustry, Aecon Group's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aecon Group FCF Margin % vs Construction Industry

For the Construction industry and Industrials sector, Aecon Group's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Aecon Group's FCF Margin % falls into.


TSX:ARE
80GF Score
Aecon Group Inc TSX:ARE
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Aecon Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Aecon Group's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=58.81/5434.678
=1.08 %

Aecon Group's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-58.024/1256.994
=-4.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -4.62% mean?
Aecon Group (TSX:ARE) has a FCF Margin % of -4.62% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Aecon Group and its competitors. According to the industry distribution chart, Aecon Group ranks #821 out of 1770 companies in the Construction industry, placing it in the top 46.4%.
Is Aecon Group's FCF Margin % too high?
Aecon Group's current FCF Margin % is -4.62%. Based on the distribution chart, Aecon Group ranks #821 out of 1770 companies in the Construction industry, which is above the industry midpoint. Overall, Aecon Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aecon Group's FCF Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Aecon Group ranks #821 out of 1770 companies for FCF Margin %. This puts Aecon Group in the upper half of its industry. The industry median FCF Margin % is 2.61. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Construction company?
The median FCF Margin % among Construction companies is 2.61, based on 1,770 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Aecon Group and its competitors. For the Construction industry, the median FCF Margin % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aecon Group's current FCF Margin % is -4.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aecon Group stock overvalued right now?
Based on GuruFocus' analysis, Aecon Group (TSX:ARE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$25.80, compared to a current price of C$44.09 — trading 70.9% above its estimated fair value. The current FCF Margin % is -4.62%. Aecon Group's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Aecon Group (TSX:ARE), the current FCF Margin % is -4.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aecon Group (TSX:ARE) Overvalued in 2026?

Based on GuruFocus' analysis, Aecon Group stock appears to be overvalued. The current stock price of C$44.09 is trading 70.9% above its estimated GF Value™ of C$25.80. GuruFocus considers Aecon Group to be Significantly Overvalued.

Key valuation signals for TSX:ARE:

  • FCF Margin %: -4.62%
  • GF Value™: C$25.80 vs. price of C$44.09 (70.9% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the TSX:ARE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aecon Group Business Description

Other Exchanges AEGXF:USA2AE:Germany
Address 20 Carlson Court, Suite 105, Toronto, ON, CAN, M9W 7K6
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects. Its concessions segment is engaged in the development, financing, construction, and operation of construction projects. The company generates the maximum revenue from the Construction segment.
80GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$44.09
Price
C$25.80
GF Value