Jacobs Solutions Inc.

J Industrials Engineering & Construction

In the quarter to June 2026, revenue grew 34.5%, EPS fell 25.2%, free cash flow grew 59.3% and total debt rose 42.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.

141.08 0.89 −0.63%
Market cap
$16.6B
P/E
49.7×
Fwd P/E
28.3×
Dividend yield
0.99%
F-score
7/9
Altman Z
3.06
Beneish M
−2.57
Dividend safety
69/100

Insider Decisions trades per month

Total buys 0.81
Total sells 2.67
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 3 — — — — — 3 — — — — —
Sell — — — — 1 — — — — 1 — —
Insider Ownership 1.31%

Capital & Financial Ratios $m

Market Cap 16,620.00
Revenue 14,219.22
Net Income 300.60
Free Cash Flow 649.05
Net Debt 2,400.26
Current Ratio 1.29
Debt/Equity 1.10
P/E ratio 49.68 (above 35: high)
Fwd P/E 28.30
P/S ratio 1.17
P/B ratio 5.11
Past 5Y EPS Growth (8.50%) (below 0%: weak)
This Y EPS Growth 18.47% (at or above 15%: strong)
Next Y EPS Growth 14.22%
Next Y revenue growth 25.31% (at or above 10%: strong)
Next 5Y EPS Growth 16.11% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 94.99%
10-year low 10-year high
P/S against its own 10 years 63.69%
10-year low 10-year high
P/B against its own 10 years 97.42%
10-year low 10-year high
EV/Sales against its own 10 years 64.32%
10-year low 10-year high
EV/FCF against its own 10 years 73.79%
10-year low 10-year high

Dividends

Payout Ratio 0.50
Annual Dividend Rate 1.40
Annual Dividend Yield 0.99%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.42
0.36
0.36
0.36
2025 1.28
0.32
0.32
0.32
0.32
2024 1.02
0.24
0.24
0.24
0.29
2023 0.87
0.22
0.22
0.22
0.22
2022 0.88
0.23
0.23
0.23
0.19
2021 0.84
0.21
0.21
0.21
0.21
2020 0.76
0.19
0.19
0.19
0.19
2019 0.68
0.17
0.17
0.17
0.17
2018 0.60
0.15
0.15
0.15
0.15
2017 0.60
0.15
0.15
0.15
0.15
predictions special payouts not included in total or ratios

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%)

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 — 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.
value withheld pending a data check

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.

EPS $

Dec Mar Jun Sep Year
’26 1.12 (0.37) 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.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 28.75 40.79 45.63 47.10 49.04 82.76 88.32 90.16 104.12 105.18

Analyst estimates 2026–2028

Powerpack
High 52.46 57.36 68.02 81.13 91.95 123.70 124.34 116.76 149.05 168.44
People
People Employees 43,800 44,800 74,400 48,000 55,000 55,000 60,000 60,000 45,000 43,000
Revenue/emp, $m 0.25 0.14 0.14 0.27 0.25 0.26 0.16 0.18 0.26 0.28
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
Gross margin, % 16.12 19.91 20.40 19.45 19.07 21.60 26.37 24.98 24.63 24.81
EBT 287 243 331 351 441 696 477 521 777 543
EBT margin, % 2.62 3.84 3.13 2.76 3.25 4.94 4.88 4.80 6.76 4.52
Net income 215 287 173 873 524 431 715 720 853 304
Depreciation 130 123 199 169 182 251 301 307 309 238
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
Earnings 1.75 2.43 1.29 6.14 3.74 3.22 5.01 5.32 6.35 2.39
Cash flow 5.66 4.82 3.50 (2.66) 6.14 5.58 3.69 7.70 8.42 5.65
Capex (0.56) (0.97) (0.67) (0.93) (0.90) (0.71) (0.92) (1.07) (0.92) (0.63)
Free cash flow 5.10 3.85 2.83 (3.59) 5.24 4.87 2.77 6.63 7.50 5.02
Book value 36.04 37.59 43.22 41.83 44.53 45.89 47.44 52.13 36.44 30.03
Shares, m 120 119 138 138 132 130 129 127 125 121
Valuation, ×
Valuation, × P/E 24.45 19.93 50.99 12.25 20.46 34.04 17.88 20.85 20.41 61.67
P/S 0.47 0.92 0.83 0.82 0.74 1.01 1.18 1.30 1.41 1.51
P/B 1.19 1.29 1.47 1.81 1.72 2.39 1.89 2.13 3.56 4.99
EV/Sales 0.44 0.83 0.97 0.84 0.79 1.15 1.41 1.49 1.44 1.66
EV/FCF 7.82 11.47 26.39 (21.72) 15.57 25.48 38.75 19.28 17.63 32.83
Cash, $m
Cash, $m Operating cash flow 680 575 481 (366) 807 726 475 975 1,055 687
Capex (67) (116) (92) (129) (118) (92) (118) (136) (115) (77)
Free cash flow 613 459 390 (495) 689 634 356 839 940 610
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
Total debt 387 238 2,147 1,401 1,841 2,893 3,408 2,875 2,224 2,236
Net debt (268) (536) 1,512 319 631 1,879 2,267 2,104 330 1,001
Shareholders’ equity 4,330 4,487 5,944 5,769 5,856 5,975 6,104 6,600 4,567 3,648
Returns, %
Returns, % ROA 2.78 3.99 1.63 7.03 4.13 3.54 4.40 4.55 6.11 2.51
ROIC 5.21 3.86 3.25 4.16 5.16 5.48 4.03 4.86 8.84 11.61
ROE 4.85 6.66 3.13 14.48 8.46 8.06 10.66 10.48 14.44 7.04
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026 · fundamentals updated 1 Oct 2026

Charts ten years each

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. $35.2B — — — — — — — Compare
EME EMCOR Group, Inc. $32.3B 22.3× 28.0× +19.76% (above 0%: growing) +34.87% (above 0%: growing) +55.56% (above 0%: growing) 19.83% 10.62% Compare
APG APi Group Corporation $17.6B — (loss-making) 36.8× +13.27% (above 0%: growing) +23.53% (above 0%: growing) −12.90% (below 0%: shrinking) 31.19% 7.76% Compare
J Jacobs Solutions Inc. $16.6B 49.7× 28.3× +34.46% (above 0%: growing) −25.16% (below 0%: shrinking) +59.31% (above 0%: growing) 19.89% 7.03%
MTZ MasTec, Inc. $15.4B 30.1× 53.1× +23.38% (above 0%: growing) +51.82% (above 0%: growing) −31.15% (below 0%: shrinking) 12.72% 5.17% Compare
STRL Sterling Infrastructure, Inc. $13.7B 30.1× 52.6× +90.11% (above 0%: growing) +118.03% (above 0%: growing) +55.30% (above 0%: growing) 24.82% 18.77% Compare
IESC IES Holdings, Inc. $10.6B 22.1× 36.6× +39.60% (above 0%: growing) +98.70% (above 0%: growing) −14.63% (below 0%: shrinking) 27.41% 14.37% Compare
TTEK Tetra Tech, Inc. $8.9B 20.8× 17.9× −4.47% (below 0%: shrinking) −2.33% (below 0%: shrinking) −34.95% (below 0%: shrinking) 18.59% 12.07% Compare
DY Dycom Industries, Inc. $7.8B 22.8× 41.3× +45.57% (above 0%: growing) +13.95% (above 0%: growing) +106.51% (above 0%: growing) 21.96% 9.57% Compare
Median of peers $14.5B 22.6× 36.8× +23.38% +34.87% −12.90% 21.96% 10.62%

All 51 Engineering & Construction stocks →

J metrics, ten years each

Jacobs Solutions Inc. (J) key facts

  • Jacobs Solutions Inc. (J) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, J traded at $141.08, a market capitalization of $16.6 billion.
  • Jacobs Solutions Inc. pays an annual dividend of $1.40 per share, a yield of 0.99%, with a payout ratio of 49.7%.
  • Return on equity was 7.04% and debt-to-equity 1.10.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.06 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 1, 2026.

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stockrow.com/J · Data as of Oct 1, 2026 · For information only; not investment advice. · © 2026 stockrow.com