Delivering a Better World
Explore the progress, achievements, and impact that defined our 2025.
Five years ago, with the launch of our Think and Act Globally strategy, we set our sights on becoming the leading professional services firm in infrastructure, striving to be the partner of choice on our clients’ most complex and challenging objectives. This past fiscal year, we took another step forward in that ambition, exceeding every key strategic and financial performance metric that we set for ourselves. Our progress builds on years of outperformance owing to our competitive advantages and our commitment to our people.
As we look to the future, and as our industry continues to evolve, our business has never been better positioned for long-term success.
Troy Rudd, Chairman and CEO
Fiscal 2025 Financial Performance
Our fiscal 2025 performance exceeded our expectations on each key financial metric and extended our track record of delivering on our commitments. We delivered strong net service revenue growth, record profitability and double-digit earnings per share growth.
Winning What Matters
$23.4B
Design Backlog
In Billions
Compared to $22.8 in FY’2024
80%
Win rate on largest
pursuits
50%+
All-time high
enterprise win rate
20
Consecutive quarters
with an enterprise
book-to-burn ration in
excess of 1
Industry-leading profitability
Adjusted EBITDA margin
$685M
in free cash flow
Delivering returns to shareholders
Adjusted earnings per share
$3.2B
returned to shareholders through dividends and repurchases since September 2020, including 20% annual dividend growth
Investing in our people
We continue to attract and retain the best talent in our industry with a strong employee value proposition that goes beyond the basics—offering meaningful learning, development, and career opportunities. By tapping into our global network, we’re connecting employees with mentorship and training programs that build lasting skills and set them up for long-term success, while elevating the innovative solutions we provide to clients
Read more
Transforming how we work
Rapid advances in AI and technology will transform the way infrastructure is designed and delivered. In a world defined by increasing urgency and complexity, these advancements have never been more important. Clients demand faster delivery, great certainty, and higher performance. We are investing to lead the industry’s AI transformation to meet those demands, and create an unmatched value proposition.
Read more
Extending client relationships
We are winning the biggest and most important projects in our industry, driven by our emphasis on long-term partnerships with our most important clients. Through investments in our Program Management and Advisory capabilities, we are further expanding our addressable markets by creating an unmatched value proposition, positioning ourselves as the most qualified strategic partner on the most complex challenges in infrastructure.
Read more
Delivering Sustainable Legacies
Our Sustainable Legacies strategy is guiding us across our work to deliver a positive, lasting impact on our clients, communities, and planet. This year, we’ve helped solve some of the greatest challenges in our industry, with successful initiatives focused on efforts such as climate resilience, carbon reduction, and disaster recovery.
Read more