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Jacobs Solutions Inc.

J Industrials Engineering & Construction

Jacobs Solutions Inc.’s revenue for fiscal 2025 (year ended September 2025) was $12.0 billion, up 4.60% from fiscal 2024.

Revenue
+34.5%
EPS
−25.2%
Free cash flow
+59.3%
Total debt
+42.7%

Quarter to June 2026, against a year earlier

147.16 12.95 −8.09%
Market cap
$17.3B
P/E
51.3×
Fwd P/E
40.6×
Dividend yield
0.95%
F-score
7/9
Altman Z
3.06
Beneish M
−2.57
Dividend safety
69/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Infrastructure & Advanced Facilities
  • PA Consulting

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.48
Sold, $m 2.67
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 3 — — — — — —
Sell — — — 1 — — — — 1 — — —
Insider Ownership 1.31%

Capital & Financial Ratios $m

Size
Market Cap 17,270.00
Revenue ttm 14,219.22
Net income ttm 300.60
Free cash flow ttm 649.05
Net debt Q 2,400.26
Valuation
P/E 51.28 (above 35: high)
Forward P/E 40.60 (above 35: high)
Price / sales 1.22
Forward P/S Powerpack
Price / FCF 26.70
Price / book 5.33
Financial health
Current ratio Q 1.29
Debt / equity Q 1.10
Interest coverage Q 5.25
Growth
Revenue growth Q +34.46% (above 0%: growing)
Operating income growth Q +21.99% (above 0%: growing)
EPS, this year +18.48% (at or above 15%: strong)
EPS, next year A +13.97%
Revenue, next year A +24.84% (at or above 10%: strong)
EPS, past 5 yrs −8.50% (below 0%: weak)
EPS, next 5 yrs A +15.84% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 1.2×; over the ten years it ranged from 0.3× in 2016 to 1.7× in 2025.
P/E against its own 10 years 96.22%
10-year low 10-year high
P/S against its own 10 years 73.30%
10-year low 10-year high
P/B against its own 10 years 99.12%
10-year low 10-year high
EV/Sales against its own 10 years 76.09%
10-year low 10-year high
EV/FCF against its own 10 years 74.87%
10-year low 10-year high

Dividends raised 2 years running

Yield
0.95%
Annual rate
1.40
Payout ratio
49.1%
Growth, 2017–25
+9.93%/yr
  1. 0.60 ’17
  2. 0.60 ’18 +0
  3. 0.68 ’19 +13
  4. 0.76 ’20 +12
  5. 0.84 ’21 +11
  6. 0.88 ’22 +5
  7. 0.87 ’23 −2
  8. 1.02 ’24 +17
  9. 1.28 ’25 +26
  10. 1.42 ’26e +11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 771 1,894 1,235 1,179
Receivables 2,431 2,845 2,989 3,761
Inventory — — — —
Other 1,348 — — —
4,690 4,896 4,359 5,090
2023 2024 2025 Q'26
Payables 922 1,029 1,261 1,778
ST’ Debt 61 876 — —
Other 1,337 967 941 1,020
3,423 4,080 3,351 3,953

Compound Annual Growth %

10y 5y 3y
Sales (0.07%) (2.38%) 7.13%
Cash Flow 3.55% (3.17%) 13.10%
Earnings (0.46%) (10.07%) (23.41%)
Book Value (1.76%) (9.03%) (15.77%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.84 Actual 1.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.67 1.75 Beat by 0.08
Q1 FY26 1.52 1.53 Beat by 0.01
Q2 FY26 1.64 1.75 Beat by 0.11
Q3 FY26 1.84 1.84 Met by 0.00
Q4 FY26 2.14 — Reports 23 November 2026

EPS $

Dec Mar Jun Sep Year
’26 1.12 (0.34) 1.15 — —
’25 (0.11) 0.06 1.55 0.92 2.38
’24 1.37 1.28 1.17 2.51 6.32
’23 1.06 1.70 1.29 1.24 5.30
’22 1.03 0.68 1.52 1.75 4.98
’21 1.96 0.08 0.83 0.33 3.20
’20 1.91 (0.69) 1.87 0.62 3.71
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 3,293 3,695 4,076 — —
’25 2,933 2,910 3,032 3,155 12,030
’24 2,810 2,847 2,883 2,960 11,501
’23 3,799 4,078 4,187 2,834 10,851
’22 3,381 3,834 3,827 (1,259) 9,783
’21 3,382 3,548 3,576 3,586 14,093
’20 3,360 3,427 3,260 3,520 13,567
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 381 (484) 456 — —
’25 107 (96) 293 383 687
’24 418 (43) 483 197 1,055
’23 302 132 321 219 975
’22 322 125 (249) 278 475
’21 113 238 173 203 726
’20 (137) 152 360 432 807
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 365 (500) 431 — —
’25 99 (113) 271 354 610
’24 401 (71) 445 164 940
’23 270 97 292 180 839
’22 302 97 (273) 230 356
’21 96 210 153 176 634
’20 (159) 113 332 403 689
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 12.8% a year for ten years. It grew 4.7% a year over the last ten.

Implied
12.8%
10 years, reported
4.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 10,964 6,330 10,580 12,738 13,567 14,093 9,783 10,851 11,501 12,030 14,219 +1.0% 15,018 15,651 16,513 +11.1%
Gross margin, % 16.12 19.91 20.40 19.45 19.07 21.60 26.37 24.98 24.63 24.81 22.07 +8.7 pt
EBT 287 243 331 351 441 696 477 521 777 543 506 +7.4%
EBT margin, % 2.62 3.84 3.13 2.76 3.25 4.94 4.88 4.80 6.76 4.52 3.56 +1.9 pt
Net income 215 287 173 873 524 431 715 720 853 304 301 +3.9%
Per share, $
Per share, $ Revenue 91.27 53.03 76.92 92.37 103.16 108.24 76.04 85.71 91.77 99.04 120.76 +0.9%
Earnings 1.75 2.43 1.29 6.14 3.74 3.22 5.01 5.32 6.35 2.39 2.87 +3.5%
Cash flow 5.66 4.82 3.50 (2.66) 6.14 5.58 3.69 7.70 8.42 5.65 6.25 0.0%
Capex (0.56) (0.97) (0.67) (0.93) (0.90) (0.71) (0.92) (1.07) (0.92) (0.63) (0.74) +1.4%
Free cash flow 5.10 3.85 2.83 (3.59) 5.24 4.87 2.77 6.63 7.50 5.02 5.51 (0.2%)
Book value 36.04 37.59 43.22 41.83 44.53 45.89 47.44 52.13 36.44 30.03 27.61 (2.0%)
Shares, m 120 119 138 138 132 130 129 127 125 121 119 +0.1%
Valuation, ×
Valuation, × P/E 24.45 20.25 51.82 12.45 20.79 34.60 18.17 21.19 20.54 61.67 51.28 28.6
P/S 0.47 0.93 0.84 0.83 0.76 1.03 1.20 0.96 1.42 1.51 1.22 1.0
P/B 1.19 1.31 1.50 1.84 1.75 2.43 1.92 2.17 3.58 4.99 5.33 2.3
EV/Sales 0.44 0.85 0.99 0.86 0.80 1.16 1.43 1.10 1.45 1.66 1.45 1.1
EV/FCF 7.82 11.67 26.75 (22.06) 15.81 25.85 39.28 19.56 17.75 32.83 31.66 17.5
Cash, $m
Cash, $m Operating cash flow 680 575 481 (366) 807 726 475 975 1,055 687 736 +0.1%
Capex (67) (116) (92) (129) (118) (92) (118) (136) (115) (77) (87) +1.5%
Free cash flow 613 459 390 (495) 689 634 356 839 940 610 649 (0.1%)
Balance, $m
Balance, $m Working capital 1,082 1,070 1,411 1,038 1,598 1,082 1,471 1,268 816 1,008 1,136 (0.8%)
Net debt (268) (536) 1,512 319 631 1,879 2,267 2,104 330 1,001 2,400 n/m
Shareholders’ equity 4,330 4,487 5,944 5,769 5,856 5,975 6,104 6,600 4,567 3,648 3,251 (1.9%)
Returns, %
Returns, % ROA 2.78 3.99 1.63 7.03 4.13 3.54 4.40 4.55 6.11 2.51 2.92 (0.3) pt
ROIC 5.21 3.86 3.25 4.16 5.16 5.48 4.03 4.86 8.84 11.61 7.19 +6.4 pt
ROE 4.85 6.66 3.13 14.48 8.46 8.06 10.66 10.48 14.44 7.04 9.56 +2.2 pt
People
People Employees 43,800 44,800 74,400 48,000 55,000 55,000 60,000 60,000 45,000 43,000 — (0.2%)
Revenue/emp, $m 0.25 0.14 0.14 0.27 0.25 0.26 0.16 0.18 0.26 0.28 — +1.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

Jacobs Solutions is an engineering and consulting company that helps public and private clients plan, build and operate infrastructure and facilities. Its work spans water and environmental projects, transportation, energy, buildings, life sciences and advanced manufacturing. Jacobs was founded in 1947, is headquartered in Dallas, Texas, and is led by chair and chief executive Robert V. Pragada.

A client can hire Jacobs early in a project to assess its feasibility or develop a strategy, then use its architects and engineers to design it. Jacobs also manages programs and construction, and operates facilities over longer periods. Its digital services include data analytics, software development and cybersecurity for decisions about infrastructure assets.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Infrastructure & Advanced Facilities 10,764 89.48%
PA Consulting 1,266 10.52%
Gross margin 24.81%
Operating margin 7.18%
Pre-tax margin 4.52%

Revenue by segment since 2009

Jacobs Solutions Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FER Ferrovial N.V. $42.7B — — — — — — — Compare
FIX Comfort Systems USA, Inc. $33.8B 20.8× 24.3× +53.67% (above 0%: growing) +68.64% (above 0%: growing) +55.22% (above 0%: growing) 24.81% 16.58% Compare
EME EMCOR Group, Inc. $26.1B 17.2× 19.7× +28.83% (above 0%: growing) +37.55% (above 0%: growing) +68.93% (above 0%: growing) 20.00% 9.85% Compare
APG APi Group Corporation $17.3B — (loss-making) 48.5× +22.49% (above 0%: growing) +32.25% (above 0%: growing) −0.98% (below 0%: shrinking) 30.15% 7.91% Compare
J Jacobs Solutions Inc. $17.3B 51.3× 40.6× +34.46% (above 0%: growing) −25.16% (below 0%: shrinking) +59.31% (above 0%: growing) 19.89% 7.03%
MTZ MasTec, Inc. $12.8B 25.1× 32.3× +29.88% (above 0%: growing) +2.46% (above 0%: growing) +473.20% (above 0%: growing) 12.83% 5.35% Compare
TTEK Tetra Tech, Inc. $10.4B 24.2× 23.8× −4.47% (below 0%: shrinking) −2.33% (below 0%: shrinking) −34.95% (below 0%: shrinking) 18.59% 12.07% Compare
ACM AECOM $8.6B 30.2× 24.2× −14.18% (below 0%: shrinking) n/m −78.95% (below 0%: shrinking) (0.95%) (2.12%) Compare
STRL Sterling Infrastructure, Inc. $7.5B 13.2× 19.7× +126.98% (above 0%: growing) +148.46% (above 0%: growing) −16.84% (below 0%: shrinking) 24.12% 19.62% Compare
Median of peers $15.0B 22.5× 24.2× +28.83% +34.90% −0.98% 20.00% 9.85%

All 51 Engineering & Construction stocks →

From the latest earnings call

Updated

  • CEO Bob Pragada said direct AI build-out represented 11% of adjusted net revenue in Q3 and that the pipeline of future opportunities was growing.
  • CFO Venk Nathamuni said UK leadership changes had delayed PA Consulting project starts, but he expected quarter-on-quarter revenue growth in Q4.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 90.93%
Held by the ten largest 45.87%
Holder Shares Stake Change
Vanguard 13.67m 11.67% +95.31k
BlackRock 10.89m 9.30% +405.02k
State Street 7.39m 6.31% +138.38k
PRIMECAP Management 4.57m 3.90% +50.32k
Invesco 3.37m 2.88% +474.46k
Geode Capital Management 3.33m 2.85% +77.66k
Morgan Stanley 3.18m 2.71% +44.24k
Ninety One UK Ltd 2.84m 2.42% −419.83k
Boston Partners 2.69m 2.30% +263.16k
UBS 1.80m 1.53% +132.58k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Jacobs Solutions Inc. (J) Latest News

29 Oct

Impact 4 · · Business Wire

28 Oct

Impact 4 · · Simply Wall St.
Impact 4 ·
Impact 3 · · Barchart

27 Oct

Impact 4 · · Business Wire
Impact 3 · · Investing.com

26 Oct

Impact 3 · · Business Wire

19 Oct

Impact 3 · · Zacks

6 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

1 Oct

Impact 4 · · Zacks
Impact 3 · · StockStory

30 Sep

Impact 4 · · Simply Wall St.
Impact 4 · · Stocktwits
Impact 4 · · Business Wire

24 Sep

Impact 4 · · Business Wire

23 Sep

Impact 3 ·
Impact 3 · · Business Wire

22 Sep

Impact 3 · · Business Wire

21 Sep

Impact 3 · · Barchart

10 Sep

Impact 3 ·

9 Sep

Impact 3 ·

7 Sep

Impact 4 ·

20 Aug

Impact 4 ·
Impact 3 ·

18 Aug

Impact 3 ·

13 Aug

Impact 3 ·

11 Aug

Impact 3 · · The Motley Fool transcript
Impact 3 ·

6 Aug

Impact 4 ·

J metrics, ten years each

stockrow.com/J · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com