NYSE: J
Jacobs Solutions
Industrials · Heavy Construction Other Than Bldg Const - Contractors
52-week range
$105.68$160.87
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$14.7B
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| Period | Market cap |
|---|---|
| FY2016, ended Sep 30, 2016 | $6.25B |
| FY2017, ended Sep 29, 2017 | $7.02B |
| FY2018, ended Sep 28, 2018 | $10.9B |
| FY2019, ended Sep 27, 2019 | $12.0B |
| FY2020, ended Oct 2, 2020 | $12.2B |
| FY2021, ended Oct 1, 2021 | $17.4B |
| FY2022, ended Sep 30, 2022 | $13.7B |
| FY2023, ended Sep 29, 2023 | $17.2B |
| FY2024, ended Sep 27, 2024 | $19.3B |
| FY2025, ended Sep 26, 2025 | $17.6B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $14.7B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$14.2B
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| Period | Revenue |
|---|---|
| FY2016, ended Sep 30, 2016 | $11.0B |
| FY2017, ended Sep 29, 2017 | $10.0B |
| FY2018, ended Sep 28, 2018 | $15.0B |
| FY2019, ended Sep 27, 2019 | $12.7B |
| FY2020, ended Oct 2, 2020 | $13.6B |
| FY2021, ended Oct 1, 2021 | $14.1B |
| FY2022, ended Sep 30, 2022 | $9.78B |
| FY2023, ended Sep 29, 2023 | $10.9B |
| FY2024, ended Sep 27, 2024 | $11.5B |
| FY2025, ended Sep 26, 2025 | $12.0B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $14.2B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $210M | $612M |
| FY2017, ended Sep 29, 2017 | $294M | $457M |
| FY2018, ended Sep 28, 2018 | $163M | $386M |
| FY2019, ended Sep 27, 2019 | $848M | −$502M |
| FY2020, ended Oct 2, 2020 | $492M | $689M |
| FY2021, ended Oct 1, 2021 | $477M | $633M |
| FY2022, ended Sep 30, 2022 | $644M | $347M |
| FY2023, ended Sep 29, 2023 | $666M | $837M |
| FY2024, ended Sep 27, 2024 | $806M | $934M |
| FY2025, ended Sep 26, 2025 | $289M | $607M |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $338M | $645M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$1.17B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Sep 30, 2016 | $656M |
| FY2017, ended Sep 29, 2017 | $608M |
| FY2018, ended Sep 28, 2018 | $635M |
| FY2019, ended Sep 27, 2019 | $631M |
| FY2020, ended Oct 2, 2020 | $862M |
| FY2021, ended Oct 1, 2021 | $1.01B |
| FY2022, ended Sep 30, 2022 | $1.14B |
| FY2023, ended Sep 29, 2023 | $771M |
| FY2024, ended Sep 27, 2024 | $1.14B |
| FY2025, ended Sep 26, 2025 | $1.24B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $1.17B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$3.58B
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| Period | Total debt |
|---|---|
| FY2016, ended Sep 30, 2016 | $385M |
| FY2017, ended Sep 29, 2017 | $235M |
| FY2018, ended Sep 28, 2018 | $2.14B |
| FY2019, ended Sep 27, 2019 | $1.20B |
| FY2020, ended Oct 2, 2020 | $1.68B |
| FY2021, ended Oct 1, 2021 | $2.95B |
| FY2022, ended Sep 30, 2022 | $3.41B |
| FY2023, ended Sep 29, 2023 | $2.87B |
| FY2024, ended Sep 27, 2024 | $2.22B |
| FY2025, ended Sep 26, 2025 | $2.24B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $3.58B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 3.1% since 2016.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.117M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Sep 30, 2016 | 121M |
| FY2017, ended Sep 29, 2017 | 120M |
| FY2018, ended Sep 28, 2018 | 142M |
| FY2019, ended Sep 27, 2019 | 133M |
| FY2020, ended Oct 2, 2020 | 130M |
| FY2021, ended Oct 1, 2021 | 129M |
| FY2022, ended Sep 30, 2022 | 126M |
| FY2023, ended Sep 29, 2023 | 126M |
| FY2024, ended Sep 27, 2024 | 124M |
| FY2025, ended Sep 26, 2025 | 119M |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | 117M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.Net: $609M more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Sep 30, 2016 | $153M | $32.4M | $43.1M |
| FY2017, ended Sep 29, 2017 | $97.2M | $38.8M | $62.6M |
| FY2018, ended Sep 28, 2018 | $2.98M | $79.2M | $53.6M |
| FY2019, ended Sep 27, 2019 | $854M | $69.1M | $65.0M |
| FY2020, ended Oct 2, 2020 | $337M | $48.1M | $37.2M |
| FY2021, ended Oct 1, 2021 | $275M | $56.2M | $38.1M |
| FY2022, ended Sep 30, 2022 | $282M | $53.4M | $51.0M |
| FY2023, ended Sep 29, 2023 | $266M | $74.3M | $47.8M |
| FY2024, ended Sep 27, 2024 | $403M | $74.2M | $47.5M |
| FY2025, ended Sep 26, 2025 | $754M | $61.0M | $34.7M |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $715M | $70.4M | $35.4M |
Revenue (TTM)
$14.2B
+20.1% YoY
Net income (TTM)
$338M
−31.3% YoY
Cash
$1.17B
−9.3% YoY
Total debt
$3.58B
+42.7% YoY
Valuation
At current price- Market Cap
- $18.1B
- P/E
- 53.5×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.3×
- Price / Book
- 5.5×
- EV / EBITDA
- 27.8×
Growth
Trailing 12 months- Revenue (TTM)
- $14.2B
- Revenue Growth YoY
- 20.1%
- Revenue CAGR 3Y
- 7.1%
- Revenue CAGR 5Y
- −2.4%
- EPS Growth YoY
- −27.8%
- Net Income Growth YoY
- −31.3%
Profitability
Trailing 12 months- Gross Margin
- 22.1%
- Operating Margin
- 4.6%
- Net Margin
- 2.4%
- FCF Margin
- 4.5%
- Return on Equity
- 9.6%
Earnings
Trailing 12 months- Net Income
- $338M
- EPS (diluted)
- $2.86
- EBITDA
- $737M
- Operating Income
- $650M
Balance Sheet
As of Jun 26, 2026- Cash and cash equivalents
- $1.17B
- Total Debt
- $3.58B
- Net Debt
- $2.41B
- Total Assets
- $11.7B
- Total Liabilities
- $8.49B
- Shareholders' Equity
- $3.26B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $736M
- Capital Expenditure
- $91.3M
- Free Cash Flow
- $645M
Dividends and risk
Last 12 months- Dividend Yield
- 0.9%
- Dividend / Share
- $1.40
- Beta (5Y)
- 0.71
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 20.1% year over year, at $14.2B.
Watch
Operating margin narrowed 2.6 pts in a year, to 4.6%.
Watch
Net debt is 3.3× EBITDA ($2.41B), a heavy load.
Note
Free cash flow of $645M, 4.5% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Sep 26, 2025 · filed Nov 20, 2025
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K67Mildly positive
67Mildly positive
10-K for the fiscal year ended Sep 27, 2024
Filed Nov 25, 2024 · Read the filing on EDGAR
- Jacobs completed the Amentum spin-off on September 27, 2024, so its defense-related businesses now appear as discontinued operations and continuing revenue is $11.50 billion.
- Continuing revenue rose 6.0% and operating profit rose about 2.4%, to $692.4 million, with separation costs holding back operating profit.
- Continuing net earnings jumped 61.6%, helped by $186.9 million of gains on Amentum stock and a $35.2 million gain on interest rate swaps.
- Backlog grew $4.0 billion to $21.8 billion, and Jacobs received about $911 million from the spin-off, which it used to repay debt.
Business momentum
Improving
“Revenues for the year ended September 27, 2024 were $11.50 billion, an increase of $0.65 billion, or 6.0%, from $10.85 billion for the prior year.”
Outlook
Positive
“New prospects and new sales remain strong, and the Company continues to have a positive outlook for many of the industry groups and sectors in which our clients operate.”
Financial stress
Low
“At September 27, 2024, our principal sources of liquidity consisted of $1.14 billion in cash and cash equivalents and $2.11 billion of available borrowing capacity under our $2.25 billion revolving credit agreement”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Backlog grew strongly on new contract wins
“Backlog at September 27, 2024 was $21.8 billion, up $4.0 billion, from $17.8 billion for the prior year primarily driven by new business awards in our Americas business.”
Largest segment grew profit 8%
“Operating profit for the segment for the year ended September 27, 2024 was $632.3 million, an increase of $46.9 million, or 8.0%, from $585.4 million for the comparative period in fiscal 2023.”
Operations generated more cash
“Our net cash flow provided by operations of $1.05 billion during fiscal 2024 was favorable by $79.9 million in comparison to the cash flow provided by operations of $974.8 million for the corresponding prior year.”
Concerns
Earnings jump relied heavily on one-off investment gains
“Further, current year results were favorably impacted by $186.9 million in pre-tax mark-to-market gains associated with our investment in Amentum stock recorded in connection with the Separation Transaction”
Separation costs rose sharply and weighed on overheads
“The current year's results were impacted by Restructuring and other charges of $163.4 million in separation activities (mainly professional services and employee separation costs) relating to the Separation Transaction in comparison to prior period costs of $61.1 million.”
Large loan comes due within a year
“the Company reclassified $870.4 million of debt from long-term debt to current maturities of long-term debt in the fourth quarter, associated with the 2021 Term Loan Facility - GBP Portion, which is due on September 1, 2025.”
New risks since the previous report
New US administration could reduce government funding
“In the United States, the upcoming change in the administration may result in a reduction in the amount of governmental funding available, which could materially affect our results of operations.”
Spin-off could trigger a large tax bill
“The Separation Transaction could result in a significant tax liability if the terms of the private letter ruling are not satisfied.”
Retained Amentum stake may be worth less than expected
“that we will not realize the value expected to be derived from the disposition of our retained stake in Amentum”
Smaller company may lose resources after the spin-off
“our ability to operate as a separate public-company without the benefit of the resources and capabilities divested as part of the SpinCo Business”
Artificial intelligence could disrupt services and raise cyber risk
“We will also need to continue to respond to and anticipate changes resulting from artificial intelligence and other similarly disruptive technologies.”
Biggest risks named
- Spin-off benefits, tax treatment and retained Amentum stake value
- Government funding cuts, contract terminations and compliance penalties
- Economic conditions, inflation and interest rates reducing client demand
- Cost overruns on fixed-price and other contracts
- Project failures, safety incidents and resulting litigation or liability claims
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | +3 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 67 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Nov 20, 2025 | Pro | |||
| 10-K | Nov 25, 2024 | 67 | Improving | None | |
| 10-K | Nov 21, 2023 | 67 | Improving | None | |
| 10-K | Nov 21, 2022 | 69 | Strong improvement | 1 medium1 minor | |
| 10-K | Nov 23, 2021 | 70 | Strong improvement | 2 minor | |
| 10-K | Nov 24, 2020 | 72 | Strong improvement | 1 minor | |
| 10-K | Nov 25, 2019 | 66 | Strong improvement | 1 medium | |
| 10-K | Nov 21, 2018 | 30 | Sharp deterioration | 1 serious1 minor | |
| 10-K | Nov 21, 2017 | 59 | Mixed | 1 minor | |
| 10-K | Nov 22, 2016 | 52 | Weakening | 1 medium1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Jun 26, 2026), filed Aug 4, 2026. View filings on SEC EDGAR