Jacobs Solutions Inc.

J · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$17,675	$19,324	$17,188	$13,844	$17,432	$12,200	–	–	–	–	–	$5,269	–	–	–	–	$4,667	$5,447	$7,758	–	–	–	–	$1,380	$1,358	$872	$692	$658	$652	$482	$521	$505	$480	$577	$542	$167	$106	$79	$54	$28	$21
Enterprise value	$19,156	$20,200	$19,938	$16,913	$20,277	$13,606	–	–	–	–	–	$5,373	–	–	–	–	$3,657	$4,905	$7,186	–	–	–	–	$1,429	$1,498	$977	$790	$589	$657	$456	$517	$494	$460	$554	$510	$164	$99	$63	$52	$22	$30
P/E (TTM) at period end	60.90×	24.28×	25.50×	21.50×	41.53×	24.81×	–	–	–	–	–	16.06×	–	–	–	–	11.67×	12.95×	27.02×	–	–	–	–	12.58×	15.48×	17.11×	10.58×	12.09×	13.91×	11.92×	16.19×	26.88×	16.73×	21.69×	26.56×	11.62×	10.42×	12.00×	15.51×	31.02×	10.57×
P/S (TTM) at period end	1.47×	1.68×	1.58×	1.42×	1.24×	0.90×	–	–	–	–	–	0.42×	–	–	–	–	0.41×	0.48×	0.92×	–	–	–	–	0.30×	0.34×	0.26×	0.24×	0.31×	0.37×	0.27×	0.30×	0.43×	0.42×	0.52×	0.52×	0.19×	0.13×	0.10×	0.17×	0.13×	0.10×
P/B at period end	4.85×	4.25×	2.63×	2.28×	2.93×	2.10×	–	–	–	–	–	1.18×	–	–	–	–	1.78×	2.43×	4.21×	–	–	–	–	2.00×	2.30×	1.76×	1.54×	1.77×	2.01×	1.70×	2.18×	2.52×	2.76×	4.13×	5.07×	2.02×	1.81×	2.11×	1.75×	1.03×	0.79×
EV / EBITDA (TTM)	20.26×	25.52×	25.57×	26.33×	25.70×	21.70×	–	–	–	–	–	8.57×	–	–	–	–	5.31×	6.94×	14.62×	–	–	–	–	6.89×	8.20×	5.93×	5.64×	5.38×	7.12×	5.57×	7.72×	11.54×	8.37×	12.00×	13.01×	6.03×	5.27×	4.80×	8.30×	4.06×	–
EV / Sales (TTM)	1.59×	1.76×	1.84×	1.73×	1.44×	1.00×	–	–	–	–	–	0.42×	–	–	–	–	0.32×	0.44×	0.85×	–	–	–	–	0.31×	0.38×	0.29×	0.27×	0.28×	0.37×	0.25×	0.30×	0.42×	0.40×	0.50×	0.49×	0.19×	0.12×	0.08×	0.16×	0.10×	0.14×
Returns
Return on equity	8.0%	17.5%	10.3%	10.6%	7.1%	8.5%	14.8%	2.8%	6.6%	4.9%	7.1%	7.3%	10.0%	10.2%	10.0%	8.6%	15.2%	18.7%	15.6%	13.8%	13.2%	12.8%	15.2%	15.9%	14.8%	10.3%	14.6%	14.6%	14.5%	14.3%	13.5%	9.4%	16.5%	19.0%	19.1%	17.3%	17.3%	17.6%	11.3%	3.3%	7.5%
Return on invested capital	10.2%	9.3%	5.9%	5.1%	4.7%	6.2%	5.5%	0.1%	4.1%	6.2%	7.6%	7.5%	13.0%	12.1%	11.3%	12.5%	24.6%	24.3%	22.2%	18.0%	15.4%	13.0%	17.3%	15.2%	12.5%	13.0%	12.4%	17.5%	13.5%	15.1%	13.6%	10.1%	17.5%	19.1%	25.0%	15.8%	16.5%	27.8%	7.6%	7.1%	4.3%
Dividend yield	0.9%	0.7%	0.7%	0.8%	0.9%	1.2%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.30×	1.20×	1.37×	1.45×	1.34×	1.54×	1.34×	1.45×	1.56×	1.61×	1.58×	1.66×	2.14×	2.07×	1.47×	2.23×	2.17×	1.74×	1.78×	1.75×	1.70×	1.58×	1.59×	1.32×	1.35×	1.24×	1.25×	1.54×	1.55×	1.68×	1.44×	1.41×	1.61×	1.51×	1.42×	1.24×	1.24×	1.18×	1.42×	1.21×	1.12×
Debt / equity	0.61×	0.49×	0.44×	0.56×	0.49×	0.29×	0.25×	0.37×	0.05×	0.09×	0.14×	0.18×	0.10×	0.14×	0.17×	0.03×	0.01×	0.03×	0.02×	0.06×	0.08×	0.08×	0.02×	0.13×	0.31×	0.33×	0.32×	0.07×	0.17×	0.13×	0.14×	0.17×	–	–	–	0.21×	0.28×	0.39×	0.81×	0.25×	0.63×
Effective tax rate	39.7%	16.9%	19.5%	13.9%	39.5%	12.5%	10.5%	98.4%	30.1%	25.2%	23.5%	35.1%	33.5%	34.1%	35.1%	37.2%	36.0%	36.0%	36.0%	35.5%	36.0%	35.0%	35.0%	35.0%	36.5%	37.3%	37.4%	38.7%	39.5%	39.6%	39.6%	40.1%	41.9%	42.0%	41.9%	41.9%	42.0%	40.0%	46.2%	43.8%	44.4%
Share count
Diluted shares outstanding	122	126	127	129	131	133	139	138	120	121	126	132	131	129	127	126	125	124	122	120	118	114	128	111	109	106	106	105	104	104	101	101	100	96	95	90	85	78	74	72	73

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$14,219	$12,030	$11,501	$10,851	$9,783	$14,093	$13,567	$12,738	$14,985	$10,023	$10,964	$12,115	$12,695	$11,818	$10,894	$10,382	$9,916	$11,467	$11,252	$8,474	$7,421	$5,635	$4,594	$4,616	$4,556	$3,957	$3,419	$2,875	$2,101	$1,781	$1,799	$1,723	$1,166	$1,143	$1,106	$1,036	$882	$794	$757	$320	$208	$220
Cost of revenue	($11,081)	($9,045)	($8,668)	($8,141)	($7,203)	($11,049)	($10,980)	($10,261)	($8,421)	($5,070)	($9,196)	($10,146)	($10,621)	($9,976)	($9,167)	($8,822)	($8,583)	($9,906)	($9,518)	($7,263)	($6,487)	($4,829)	($3,930)	($3,990)	($3,972)	($3,452)	($2,943)	($2,446)	($1,808)	($1,528)	($1,574)	($1,520)	($1,013)	($986)	($979)	($919)	($788)	($718)	($695)	($281)	($173)	($183)
Gross profit	$3,138	$2,985	$2,833	$2,711	$2,580	$3,044	$2,587	$2,477	$2,159	$1,260	$1,768	$1,968	$2,074	$1,842	$1,727	$1,559	$1,333	$1,561	$1,734	$1,211	$934	$806	$665	$626	$584	$505	$476	$429	$294	$252	$225	$204	$152	$156	$127	$118	$94	$76	$62	$39	$34	$37
Operating expenses
Research and development	–	($12)	($12)	–	–	–	–	–	–	–	–	($2)	($2)	($2)	($2)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,488)	($2,121)	($2,140)	($2,034)	($2,040)	($2,356)	($2,051)	($2,072)	($1,771)	($1,016)	($1,429)	($1,523)	($1,546)	($1,173)	($1,131)	($1,041)	($933)	($940)	($1,091)	($769)	($633)	($565)	($466)	($429)	($411)	($361)	($311)	($289)	($184)	($160)	($144)	($137)	($110)	($102)	($81)	($78)	($67)	($57)	($49)	($33)	($29)	($31)
Total operating expenses	($2,488)	($2,121)	($2,140)	($2,034)	($2,040)	($2,356)	($2,051)	($2,072)	($1,771)	($1,016)	($1,429)	($1,523)	($1,546)	($1,173)	($1,131)	($1,041)	($933)	($940)	($1,091)	($769)	($633)	($565)	($466)	($429)	($411)	($361)	($351)	($321)	($207)	($179)	($161)	($151)	($121)	($110)	($89)	($85)	($72)	($61)	($52)	($35)	($32)	($34)
Total costs and expenses	($13,570)	($11,166)	($10,809)	($10,175)	($9,243)	($13,405)	($13,031)	($12,333)	($14,597)	($9,779)	($10,626)	($11,669)	($12,167)	($11,149)	($10,298)	($9,863)	($9,515)	($10,847)	($10,609)	($8,032)	($7,120)	($5,394)	($4,396)	($4,418)	($4,383)	($3,813)	($3,294)	($2,767)	($2,015)	($1,707)	($1,734)	($1,670)	($1,134)	($1,097)	($1,068)	($1,004)	($860)	($779)	($747)	($316)	($205)	($218)
Operating income	$650	$864	$692	$676	$540	$688	$536	$405	$387	$244	$339	$446	$528	$669	$596	$519	$400	$621	$643	$442	$302	$241	$198	$197	$172	$144	$125	$108	$86	$74	$65	$53	$32	$46	$38	$32	$22	$15	$10	$4	$3	$3
Earnings
EBITDA	$737	$946	$792	$780	$642	$789	$627	$495	$505	$321	$421	$545	$627	$739	$655	$577	$465	$689	$707	$492	$350	$289	$232	$232	$207	$183	$165	$140	$110	$92	$82	$67	$43	$55	$46	$39	$27	$19	$13	$6	$5	–
Interest income	$34	$36	$34	$25	$4	$4	$5	$9	$9	$9	$8	$7	$10	$5	$6	$5	$5	$13	$15	$20	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($165)	($146)	($169)	($168)	($100)	($73)	($62)	($84)	($77)	($12)	($15)	($20)	($11)	($13)	($12)	($9)	($10)	($3)	($4)	($8)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$506	$543	$777	$521	$477	$696	$441	$351	$331	$243	$287	$430	$542	$662	$593	$517	$392	$624	$658	$449	$305	$236	$198	$197	$169	$138	$81	$104	$89	$78	$67	$53	$31	$49	$46	$35	$25	$18	$11	$6	$2	$4
Income tax expense	($187)	($216)	($131)	($101)	($66)	($275)	($55)	($37)	($326)	($73)	($72)	($101)	($190)	($221)	($202)	($181)	($146)	($225)	($237)	($162)	($108)	($85)	($69)	($69)	($59)	($50)	($30)	($39)	($34)	($31)	($26)	($21)	($13)	($21)	($19)	($15)	($10)	($7)	($4)	($3)	($1)	($2)
Net income	$338	$289	$806	$666	$644	$477	$492	$848	$163	$294	$210	$303	$328	$423	$379	$331	$246	$400	$421	$287	$197	$151	$129	$128	$110	$88	$51	$65	$54	$47	$40	$32	$19	$29	$27	$20	$14	$10	$7	$4	$1	$2
Per share
Diluted EPS (GAAP)	$2.85	$2.38	$6.32	$5.30	$4.98	$3.20	$3.71	$6.08	$1.18	$2.42	$1.73	$2.40	$2.48	$3.23	$2.94	$2.60	$1.96	$3.21	$3.38	$2.35	$1.64	$1.12	$1.01	$1.00	$0.99	$0.81	$0.48	$0.62	$0.52	$0.45	$0.39	$0.32	$0.19	$0.29	$0.28	$0.22	$0.16	$0.12	$0.085	$0.0475	$0.0125	$0.0275
Basic EPS (GAAP)	$2.87	$2.39	$6.35	$5.32	$5.01	$3.22	$3.74	$6.14	$1.18	$2.43	$1.75	$2.42	$2.51	$3.27	$2.97	$2.63	$1.98	$3.26	$3.47	$2.42	$1.69	$1.16	$1.03	$1.02	$1.01	$0.83	$0.49	$0.64	$0.53	$0.46	$0.39	$0.32	$0.19	$0.29	$0.28	$0.22	$0.16	$0.12	$0.085	$0.0475	$0.0125	$0.0275
Basic shares outstanding	118	121	125	127	129	130	132	138	138	119	120	125	130	129	128	126	124	123	121	119	116	114	112	126	108	106	105	103	103	103	104	101	100	100	96	95	90	85	78	74	72	73
Margins
Gross margin	22.1%	24.8%	24.6%	25.0%	26.4%	21.6%	19.1%	19.4%	14.4%	12.6%	16.1%	16.2%	16.3%	15.6%	15.9%	15.0%	13.4%	13.6%	15.4%	14.3%	12.6%	14.3%	14.5%	13.6%	12.8%	12.8%	13.9%	14.9%	14.0%	14.2%	12.5%	11.8%	13.1%	13.7%	11.5%	11.3%	10.7%	9.6%	8.2%	12.2%	16.6%	16.8%
Operating margin	4.6%	7.2%	6.0%	6.2%	5.5%	4.9%	4.0%	3.2%	2.6%	2.4%	3.1%	3.7%	4.2%	5.7%	5.5%	5.0%	4.0%	5.4%	5.7%	5.2%	4.1%	4.3%	4.3%	4.3%	3.8%	3.6%	3.6%	3.8%	4.1%	4.1%	3.6%	3.1%	2.7%	4.0%	3.5%	3.1%	2.5%	1.9%	1.3%	1.3%	1.3%	1.3%
Net margin	2.4%	2.4%	7.0%	6.1%	6.6%	3.4%	3.6%	6.7%	1.1%	2.9%	1.9%	2.5%	2.6%	3.6%	3.5%	3.2%	2.5%	3.5%	3.7%	3.4%	2.7%	2.7%	2.8%	2.8%	2.4%	2.2%	1.5%	2.3%	2.6%	2.6%	2.2%	1.9%	1.6%	2.5%	2.4%	2.0%	1.6%	1.3%	0.9%	1.1%	0.4%	0.9%

Analyst consensus

Buy38 analysts

Bearish · 0 · Hold · 14 · Bullish · 24

Earnings history

	EPS	Estimate
Q4 2024	$1.37	$1.54	Miss
Q1 2025	$1.33	$1.29	Beat
Q2 2025	$1.43	$1.37	Beat
Q3 2025	$1.62	$1.53	Beat
Q4 2025	$1.75	$1.68	Beat
Q1 2026	$1.53	$1.52	Beat
Q2 2026	$1.75	$1.63	Beat
Q3 2026	$1.84	$1.83	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEORobert V. Pragada

Employees47,000

SectorIndustrials

IndustryEngineering & Construction

CountryUS

ExchangeNew York Stock Exchange

Websitewww.jacobs.com

Jacobs Solutions Inc. engages in the infrastructure and advanced facilities, and consulting businesses in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. The company provides consulting, planning, architecture, design, engineering, and infrastructure delivery services including project, program, and construction management and long-term operation of facilities. It also offers consulting services for consumer and manufacturing, defense and security, energy and utilities, financial services, government, health and life sciences, and transport sectors. The company was founded in 1947 and is headquartered in Dallas, Texas.

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