Logo

J

Jacobs Solutions Inc.

J

Jacobs Solutions Inc. • NYSE
$134.81 ▼ -0.77% (-1.05)
Market Cap $16.11 B
52w High $168.44
52w Low $105.18
Dividend Yield 0.96%
P/E 52.46
Volume 516.98K
Outstanding Shares 119.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $3.155B ▲ $555.358M ▲ $110.745M ▼ 3.511% ▼ $0.93 ▼ $284.333M ▼
Q3-2025 $3.029B ▲ $501.142M ▼ $186.21M ▲ 6.147% ▲ $1.55 ▲ $342.477M ▲
Q2-2025 $2.91B ▼ $529.697M ▲ $5.612M ▲ 0.193% ▲ $0.056 ▲ $152.482M ▲
Q1-2025 $2.933B ▲ $512.849M ▲ $-18.13M ▼ -0.618% ▲ $-0.11 ▼ $147.55M ▼
Q4-2024 $-1.159B $213.903M $325.436M -28.08% $2.52 $257.749M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $1.235B ▼ $11.253B ▼ $6.586B ▼ $3.641B ▼
Q3-2025 $1.293B ▼ $11.413B ▲ $6.673B ▲ $3.822B ▼
Q2-2025 $1.381B ▼ $11.211B ▼ $6.516B ▼ $3.864B ▼
Q1-2025 $1.898B ▲ $11.611B ▼ $6.589B ▲ $4.205B ▼
Q4-2024 $1.894B $11.759B $6.372B $4.549B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $122.25M ▼ $383.085M ▲ $-28.9M ▼ $-399.052M ▼ $-60.559M ▼ $353.508M ▲
Q3-2025 $187.839M ▲ $292.594M ▲ $-26.454M ▼ $-228.397M ▼ $90.558M ▲ $270.542M ▲
Q2-2025 $12.406M ▲ $-96.431M ▼ $-16.423M ▼ $-5.52M ▼ $-94.967M ▼ $-113.701M ▼
Q1-2025 $-5.003M ▼ $107.456M ▼ $-7.92M ▲ $112.154M ▲ $153.51M ▲ $97.123M ▼
Q4-2024 $349.412M $196.532M $-32.236M $-259.07M $-65.349M $158.19M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Infrastructure Advanced Facilities
Infrastructure Advanced Facilities
 $2.63Bn ▲$2.60Bn ▼$2.70Bn ▲$2.84Bn ▲
PA Consulting
PA Consulting
 $310.00M ▲$310.00M ▲$330.00M ▲$320.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Jacobs’ income statement shows a business that has become more profitable and efficient over the last few years. Revenue dipped earlier in the period but has since climbed back while profits have steadily improved. Margins look healthier, suggesting a shift toward higher-value consulting and technology work rather than lower-margin construction activity. Earnings per share have grown consistently, helped by better mix, cost discipline, and portfolio reshaping. The main watchpoint is that revenue has been somewhat uneven, reflecting project timing and ongoing transformation of the business model.

Balance Sheet

Balance Sheet The balance sheet has been getting leaner and more focused. Total assets have come down from earlier levels, consistent with Jacobs moving away from heavy, capital-intensive activities toward more asset-light, advisory and digital services. Debt has been reduced over time, improving leverage and lowering financial risk, while cash on hand has strengthened recently. Shareholders’ equity has dipped from prior peaks, likely reflecting buybacks, portfolio actions, or returns of capital. Overall, the financial position looks more streamlined and less dependent on borrowing than in the past, but with less of a hard-asset base than a traditional engineering firm.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been solid and improving, especially compared with a weaker year earlier in the period. Free cash flow has remained positive throughout and has grown meaningfully, even with steady, relatively modest investment needs. Capital spending is low for a company of this size, reinforcing the asset-light, services-oriented nature of the business. This pattern suggests Jacobs converts a good portion of its accounting profits into actual cash, which supports flexibility for debt reduction, acquisitions, and shareholder returns.

Competitive Edge

Competitive Edge Jacobs stands in a strong competitive position as it pivots from traditional engineering to technology-rich consulting and solutions. Its moat comes from deep technical expertise, decades-long relationships with governments and large corporates, and a global delivery model capable of handling complex, mission-critical projects. The company is particularly well placed in high-growth areas like pharmaceuticals, data centers, semiconductors, water, and national security. Competitors such as KBR, Leidos, and AECOM remain formidable, so winning work depends on continuing to differentiate through technology, integrated services, and reliability on large, long-duration contracts. Budget cycles, regulatory shifts, and political decisions in key end markets are ongoing external risks.

Innovation and R&D

Innovation and R&D Innovation is now central to Jacobs’ identity. The company is building a portfolio of proprietary digital tools in areas like AI-driven analytics for water networks, environmental forensics, energy-efficient treatment technologies, and advanced project management platforms. Its “Beyond If” program and the Divergent Solutions unit are designed to turn ideas in geospatial tech, cybersecurity, automation, IoT, and data science into marketable products and services. Partnerships with firms like Palantir and NVIDIA extend Jacobs’ capabilities in digital twins, AI infrastructure, and data platforms, especially for critical infrastructure and defense-related work. The opportunity is to turn this innovation engine into scalable, high-margin recurring revenue, while the risk lies in execution, talent competition, and keeping pace with rapid technology change.

Summary

Jacobs Solutions is in the middle of a long-term transformation from a traditional engineering contractor into a technology-enabled consulting and solutions firm. Financially, profitability and cash flow have trended upward, the balance sheet has become less leveraged, and the business appears more resilient and cash generative than a few years ago, even with some revenue volatility. Strategically, the company is leaning into secular themes such as infrastructure renewal, sustainability, reshoring of advanced manufacturing, and the build-out of AI and data center infrastructure. Its entrenched client relationships and domain expertise give it a meaningful edge, while its growing digital and advisory capabilities aim to lift margins and differentiate it from peers. Execution on integration, innovation, and project delivery—especially in highly regulated, government-driven markets—remains the key uncertainty to watch.

NEWS

November 26, 2025 · 7:45 AM UTC

Jacobs Selected for Transformational Logan and Gold Coast Faster Rail Project in Australia

Read more

November 25, 2025 · 7:45 AM UTC

Jacobs to Manage Infrastructure Development Program to Support Regional Growth in El Paso, Texas

Read more

November 20, 2025 · 6:45 AM UTC

Jacobs Reports Strong Fiscal Fourth Quarter and Fiscal Year 2025 Earnings

Read more

November 19, 2025 · 7:45 AM UTC

Jacobs to Support the Delivery of PsiQuantum's New Quantum Computing Facility

Read more

November 18, 2025 · 4:15 PM UTC

Jacobs Appoints Global Technology Leader Diane Bryant to Board of Directors

Read more