Jacobs Solutions (J)
Market Price (12/30/2025): $135.17 | Market Cap: $16.1 BilSector: Industrials | Industry: Construction & Engineering
Jacobs Solutions (J)
Market Price (12/30/2025): $135.17Market Cap: $16.1 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 27% | Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -39% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 56x |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Hydrogen Economy. Themes include Water Treatment & Delivery, Show more. | Key risksJ key risks include [1] potential cost overruns on its significant portfolio of fixed-price contracts and [2] project pipeline vulnerability stemming from its high exposure to governmental budgetary constraints and shifting priorities. |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Renewable Energy Transition, and Hydrogen Economy. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -15%, 3Y Excs Rtn is -39% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 56x |
| Key risksJ key risks include [1] potential cost overruns on its significant portfolio of fixed-price contracts and [2] project pipeline vulnerability stemming from its high exposure to governmental budgetary constraints and shifting priorities. |
Why The Stock Moved
Qualitative Assessment
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Jacobs Solutions (J) experienced a stock movement of -7.3% between August 31, 2025, and December 30, 2025, influenced by several key factors. The company's fiscal fourth quarter and full-year 2025 earnings, reported in November 2025, along with analyst sentiments and broader market considerations, likely contributed to this decline.
1. Significant Decrease in GAAP Net Earnings in Fiscal Year 2025: While Jacobs reported strong adjusted financial results for fiscal year 2025, its GAAP net earnings decreased by 48.9% year-over-year, and GAAP EPS decreased by 46.1%. This substantial decline in GAAP figures was primarily due to mark-to-market gains and losses in the comparable prior-year period related to its previous stake in Amentum stock, which could have been perceived negatively by investors focusing on reported GAAP profitability.
2. Challenges in the Environmental Sector: Jacobs faced headwinds within its environmental sector during the period, stemming from volatility in the federal government and concerns regarding policy and funding. These sector-specific challenges may have dampened investor confidence in a portion of the company's business.
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1. Significant Decrease in GAAP Net Earnings in Fiscal Year 2025: While Jacobs reported strong adjusted financial results for fiscal year 2025, its GAAP net earnings decreased by 48.9% year-over-year, and GAAP EPS decreased by 46.1%. This substantial decline in GAAP figures was primarily due to mark-to-market gains and losses in the comparable prior-year period related to its previous stake in Amentum stock, which could have been perceived negatively by investors focusing on reported GAAP profitability.
2. Challenges in the Environmental Sector: Jacobs faced headwinds within its environmental sector during the period, stemming from volatility in the federal government and concerns regarding policy and funding. These sector-specific challenges may have dampened investor confidence in a portion of the company's business.
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Stock Movement Drivers
Fundamental Drivers
The -8.7% change in J stock from 9/29/2025 to 12/29/2025 was primarily driven by a -42.2% change in the company's Net Income Margin (%).| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 148.10 | 135.28 | -8.66% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11835.29 | 12029.78 | 1.64% |
| Net Income Margin (%) | 4.16% | 2.41% | -42.20% |
| P/E Multiple | 36.11 | 55.86 | 54.70% |
| Shares Outstanding (Mil) | 120.08 | 119.48 | 0.51% |
| Cumulative Contribution | -8.66% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| J | -8.7% | |
| Market (SPY) | 3.6% | 54.0% |
| Sector (XLI) | 2.5% | 60.6% |
Fundamental Drivers
The 3.4% change in J stock from 6/30/2025 to 12/29/2025 was primarily driven by a 60.6% change in the company's P/E Multiple.| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 130.85 | 135.28 | 3.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11686.91 | 12029.78 | 2.93% |
| Net Income Margin (%) | 3.93% | 2.41% | -38.87% |
| P/E Multiple | 34.79 | 55.86 | 60.58% |
| Shares Outstanding (Mil) | 122.26 | 119.48 | 2.27% |
| Cumulative Contribution | 3.33% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| J | 3.4% | |
| Market (SPY) | 11.6% | 50.5% |
| Sector (XLI) | 6.8% | 59.8% |
Fundamental Drivers
The 2.2% change in J stock from 12/29/2024 to 12/29/2025 was primarily driven by a 173.5% change in the company's P/E Multiple.| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 132.42 | 135.28 | 2.16% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11500.94 | 12029.78 | 4.60% |
| Net Income Margin (%) | 7.01% | 2.41% | -65.68% |
| P/E Multiple | 20.42 | 55.86 | 173.54% |
| Shares Outstanding (Mil) | 124.32 | 119.48 | 3.89% |
| Cumulative Contribution | 2.01% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| J | 2.2% | |
| Market (SPY) | 16.6% | 64.1% |
| Sector (XLI) | 18.9% | 72.1% |
Fundamental Drivers
The 40.6% change in J stock from 12/30/2022 to 12/29/2025 was primarily driven by a 192.6% change in the company's P/E Multiple.| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 96.24 | 135.28 | 40.57% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 9783.07 | 12029.78 | 22.97% |
| Net Income Margin (%) | 6.58% | 2.41% | -63.47% |
| P/E Multiple | 19.09 | 55.86 | 192.61% |
| Shares Outstanding (Mil) | 127.76 | 119.48 | 6.49% |
| Cumulative Contribution | 39.98% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| J | 28.9% | |
| Market (SPY) | 47.9% | 59.1% |
| Sector (XLI) | 41.1% | 69.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| J Return | 22% | 29% | -13% | 9% | 25% | 3% | 92% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| J Win Rate | 83% | 58% | 50% | 50% | 75% | 75% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| J Max Drawdown | -30% | -7% | -21% | -8% | -3% | -17% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See J Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | J | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.8% | -25.4% |
| % Gain to Breakeven | 36.6% | 34.1% |
| Time to Breakeven | 524 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.3% | -33.9% |
| % Gain to Breakeven | 64.8% | 51.3% |
| Time to Breakeven | 238 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.7% | -19.8% |
| % Gain to Breakeven | 46.5% | 24.7% |
| Time to Breakeven | 178 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -74.1% | -56.8% |
| % Gain to Breakeven | 286.7% | 131.3% |
| Time to Breakeven | 4,109 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Jacobs Solutions's stock fell -26.8% during the 2022 Inflation Shock from a high on 4/21/2022. A -26.8% loss requires a 36.6% gain to breakeven.
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Jacobs Solutions Inc. provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions. The Critical Mission Solutions segment provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, and other technical consulting solutions. The People & Places Solutions segment offers data analytics, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions. The company is also involved in the management and execution of wind-tunnel design-build projects; and design-build for water and construction management. Jacobs Engineering Group Inc. was founded in 1947 and is headquartered in Dallas, Texas.
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Here are 1-3 brief analogies to describe Jacobs Solutions:
- Accenture or Deloitte for infrastructure engineering and government technical services.
- Lockheed Martin for global infrastructure and engineering projects, rather than just defense manufacturing.
- The service arm of a historic General Electric, designing and managing complex engineering projects worldwide.
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- Infrastructure Solutions: Provides planning, design, engineering, and project management services for transportation networks, water and wastewater systems, and urban developments globally.
- Advanced Facilities & Buildings Design: Offers architectural, engineering, and project management services for a diverse range of commercial, institutional, and industrial facilities.
- Government & Defense Services: Delivers specialized engineering, technology, and science solutions for critical missions in defense, intelligence, space, and cybersecurity sectors.
- Digital & Data Solutions: Offers consulting, implementation, and management services leveraging cybersecurity, data analytics, cloud technology, and artificial intelligence.
- Environmental & Sustainability Services: Provides expertise in environmental planning, climate resilience, remediation, and sustainable development strategies.
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Jacobs Solutions (symbol: J) primarily sells its professional technical, scientific, and construction services to governmental entities and large commercial businesses globally. This indicates a Business-to-Government (B2G) and Business-to-Business (B2B) operating model.
Due to the project-based and highly diversified nature of its operations, Jacobs serves a wide array of clients, and no single commercial company typically accounts for a material percentage of its total revenue. Therefore, specific names of major commercial public companies are not regularly disclosed by Jacobs as primary customers.
However, its largest customer is the U.S. Government, which accounted for approximately 35% of its consolidated revenues in fiscal year 2023. Within the U.S. Government, Jacobs serves various agencies and entities, including:
- Department of Defense (DoD)
- National Aeronautics and Space Administration (NASA)
- Various U.S. intelligence agencies
- Numerous U.S. civil agencies (e.g., Department of Energy, Environmental Protection Agency)
- U.S. state and local governments
Beyond the U.S. Government, Jacobs also serves a broad range of:
- International Governments and Public Sector Entities: This includes national governments, ministries, and municipal authorities across the globe for large-scale infrastructure, water, and environmental projects.
- Large Commercial Enterprises: These clients typically operate in sectors requiring complex engineering, scientific, and technical services. While specific company names are not publicly disclosed as "major customers," these enterprises generally fall into the following industries:
- Advanced Facilities: Including major pharmaceutical companies, biotechnology firms, semiconductor manufacturers, and large technology companies requiring data centers.
- Aerospace & Defense: Other prime contractors and manufacturers within the global aerospace and defense sectors.
- Energy & Environment: Including power generation companies, renewable energy developers, water utilities, and industrial clients seeking environmental solutions.
- Transportation Infrastructure: Companies and authorities involved in developing and managing airports, roads, railways, and ports.
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Bob Pragada
Chairman and Chief Executive Officer Bob Pragada became the Chief Executive Officer of Jacobs in January 2023 and also serves as Chair of Jacobs' Board of Directors. He has been with Jacobs for 17 years, initially joining in 2006. Before his current role, he was the President and Chief Operating Officer, overseeing global operations and leading the integration of CH2M, a significant acquisition for Jacobs. Pragada previously served as President and Chief Executive Officer of the Brock Group, an industrial services provider, from 2014 to 2016. Prior to that, he was Chief Operating Officer at Kinetics, a global provider of process solutions. His early career includes nine years as a Civil Engineer Corps and Seabees officer in the U.S. Navy, rising to Lieutenant Commander and serving as Facilities Director at Camp David. He holds a Bachelor of Science in systems engineering from the U.S. Naval Academy and a Master of Science in engineering and management from Stanford University. He is also a member of the Brightstar Capital Partners Advisory Council, indicating involvement with a private equity firm.Venk Nathamuni
Chief Financial Officer Venk Nathamuni was appointed Chief Financial Officer of Jacobs, effective June 3, 2024. He is responsible for overseeing financial operations, enterprise-wide optimization, capital allocation, and investor relations. Before joining Jacobs, Nathamuni served as CFO at Cirrus Logic, a global semiconductor company, from April 2022 to May 2024. His career also includes roles as Head of Corporate Finance, Mergers & Acquisitions, Investor Relations, and IT at Arista Networks, and Vice President of M&A and Corporate Development at Maxim Integrated Products, where he executed over 20 acquisitions. He also held leadership positions at J.P. Morgan, Synopsys, Synplicity, and QuickLogic. Nathamuni holds an MBA in Finance and Strategy from The Wharton School and a Master of Science in Electrical Engineering from Stony Brook University.Joanne E. Caruso
Chief Legal & Administrative Officer Joanne Caruso serves as the Chief Legal & Administrative Officer at Jacobs.Patrick Hill
President, Global Operations Patrick Hill is the President of Global Operations at Jacobs, overseeing a portfolio of over 25,000 projects worldwide across sectors such as Transportation, Water, and Energy. He has been with Jacobs for over 23 years, holding various senior leadership roles. Prior to his current role, he served as Executive Vice President for People & Places Solutions and co-led its global business, focusing on regions like Europe, the Middle East, Africa, Asia, Australia, and New Zealand. Hill is a chemical engineer by background.Shannon Miller
President, Strategy, Growth & Digital Shannon Miller is the Executive Vice President and President, Strategy, Growth & Digital at Jacobs. In this role, she helps set the company's strategic direction, focusing on accelerating growth, delivering value for clients and partners, and providing next-generation digital solutions. Miller has been with Jacobs for almost 25 years, starting as a process engineer and progressing through various roles in project management, sales, operations, and human resources leadership across multiple industries and countries. She previously served as Executive Vice President and President of Divergent Solutions, a unit focused on transformative data solutions. She holds a Bachelor of Science degree in Chemical Engineering from the Colorado School of Mines.AI Analysis | Feedback
The key risks to Jacobs Solutions (J) are primarily centered around its operational environment, macroeconomic factors, and its significant reliance on governmental spending:
- Operational Risks and Contract Execution: Jacobs Solutions faces significant operational risks due to a highly competitive market, substantial reliance on securing new contract awards, and the inherent challenges associated with fixed-price contracts. A considerable portion of the company's revenue (32%) comes from fixed-price contracts, which carry the risk of cost overruns. The inability to compete effectively or successfully execute projects under these terms could negatively impact market share and financial performance.
- General Economic and Financial Market Volatility: The company is exposed to broad macroeconomic and financial market risks, including inflation, fluctuations in interest rates, changes in foreign currency exchange rates, and instability in capital markets. These factors, alongside the possibility of a recession and geopolitical events, can affect demand for Jacobs' services, project funding, and overall operational costs. With 38% of its revenue derived internationally, Jacobs is particularly susceptible to foreign exchange and geopolitical risks.
- Governmental Budgetary Constraints and Priorities: Given Jacobs Solutions' significant exposure to government clients, including the U.S. federal government (accounting for 8% of 2025 sales), the business is vulnerable to governmental budget constraints and shifts in budgetary priorities. Any tightening of government infrastructure budgets or changes in spending directives could directly impact the timing of project awards, funding, and the overall pipeline of anticipated projects, thereby challenging the company's growth prospects.
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Jacobs Solutions (NYSE: J) operates in several large addressable markets, focusing on critical infrastructure, water and environmental solutions, and life sciences and advanced manufacturing.
Addressable Markets for Jacobs Solutions' Main Services:
- Water and Environmental: Jacobs Solutions estimates the serviceable addressable market (SAM) for its water and environmental services to be approximately $220 billion globally.
- Life Sciences and Advanced Manufacturing: The company identifies the serviceable addressable market (SAM) for its life sciences and advanced manufacturing solutions as approximately $120 billion globally.
- Critical Infrastructure: Jacobs Solutions estimates a serviceable addressable market (SAM) of approximately $390 billion globally for its critical infrastructure services, which include energy and power, transportation, and cities and places.
Broader Market Context for Jacobs' Offerings:
Beyond these specific serviceable addressable markets, Jacobs Solutions' services align with several broader global market segments:
- Global Infrastructure Market: The global infrastructure market was valued at approximately USD 2.56 trillion in 2023 and is projected to grow to around USD 4.69 trillion by 2033. Another estimate places the global infrastructure market at USD 2.7 trillion based on a five-year historical analysis. The infrastructure sector market is estimated at USD 2.89 trillion in 2025, with an expectation to reach USD 3.92 trillion by 2030. The global infrastructure construction market alone was forecasted at USD 19.18 trillion in 2024 and is expected to reach USD 28.02 trillion by 2033.
- Engineering Consulting Services Market: The global engineering consulting services market was valued at USD 194.7 billion in 2024 and is expected to reach USD 300 billion by 2035. Another report indicates a market size of approximately USD 175.43 billion in 2025, projected to reach USD 348.79 billion by 2034. Some estimates for the world market of engineering consulting services range from $1 trillion to $1.5 trillion USD per annum.
- Advanced Manufacturing Facility Market: The global advanced manufacturing facility market was valued at USD 341.6 billion in 2024 and is expected to reach USD 607.3 billion by 2030. The broader advanced manufacturing market was valued at US$ 220.8 billion in 2022 and is projected to grow to US$ 754.25 billion by 2030.
- Smart Government/Digital Government Service Market: The global smart government market was valued at USD 36.20 billion in 2024 and is estimated to reach USD 175.87 billion by 2033. Other estimates for the global digital government service market size range from USD 39.7 billion in 2024 to USD 228.82 billion by 2033, and USD 35.7 billion in 2023 to USD 208.5 billion by 2033.
- Facility Management Services Market: The global facility management services market size was valued at USD 1.75 trillion in 2024 and is projected to reach USD 2.33 trillion by 2033.
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Jacobs Solutions (NYSE: J) anticipates several key drivers for its revenue growth over the next 2-3 years, primarily stemming from its strategic focus on high-growth end markets and digitally-enabled solutions. The company projects an adjusted net revenue growth target of 6-8% from fiscal year 2025 to 2029.
Here are the expected drivers of future revenue growth:
- Water and Environmental Solutions: Jacobs is strategically positioned to capitalize on a serviceable addressable market estimated at $220 billion in the water and environmental sector. This growth will be driven by opportunities related to addressing water scarcity, tackling wastewater challenges, expanding digital solutions, and implementing nature-based solutions.
- Life Sciences and Advanced Manufacturing: This sector presents a significant opportunity with an estimated $120 billion serviceable addressable market. Revenue growth is expected to come from major drug launches, increased demand in the semiconductor industry, the expansion of data centers, and broader manufacturing growth. Jacobs has noted favorable demand in both life sciences and data center markets, with anticipated improvements in semiconductors in the coming quarters.
- Critical Infrastructure Development: With an estimated $390 billion serviceable addressable market, critical infrastructure, encompassing Energy and Power, Transportation, and Cities and Places, is a major growth area. Key opportunities include meeting the demands of Artificial Intelligence (AI), significant transportation investments, enhancing energy security, and driving digital integration across these areas. Global aviation investment and transportation modernization are also seen as durable growth drivers.
- Growth of PA Consulting: PA Consulting, in which Jacobs holds a 65% stake, continues to be a strong contributor to revenue. It has shown positive inflection in revenue growth, reaching mid-single digits and driving double-digit operating profit growth. This growth is expected to continue due to strong demand.
- Robust and Growing Backlog: Jacobs has consistently reported a strong and increasing backlog, which reached a record of over $22 billion in Q2 2025 and nearly $23 billion in Q3 2025. This substantial backlog indicates a healthy pipeline of secured projects and deferred revenue that will translate into future top-line performance.
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Share Repurchases
- In the first nine months of fiscal year 2025, Jacobs repurchased $653 million worth of shares. This included $351 million in Q2 FY25 and $552 million in the first half of FY25.
- The company repurchased $402.7 million in shares during fiscal year 2024.
- In February 2025, Jacobs' Board authorized a new $1.5 billion share repurchase program, active until January 30, 2028. This authorization followed a $1 billion share repurchase program approved in January 2023, which had approximately $271 million remaining as of the first fiscal quarter of 2025.
Outbound Investments
- In September 2024, Jacobs completed the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses, which merged with Amentum Parent Holdings LLC to form Amentum Holdings, Inc. Jacobs' shareholders received 51% of Amentum's common stock, and Jacobs retained a 7.5% stake.
- In March 2021, Jacobs finalized a strategic investment acquiring a 65% interest in PA Consulting, a UK-based innovation and transformation consulting firm, for approximately $2.44 billion.
- Jacobs acquired StreetLight in February 2022 and BlackLynx in November 2021, though financial details for these acquisitions were undisclosed.
Capital Expenditures
- Jacobs Solutions reported capital expenditures of $87.997 million for the latest twelve months ending June 27, 2025.
- Annual capital expenditures were $121.1 million in fiscal year 2024, $137.5 million in fiscal year 2023, and $127.6 million in fiscal year 2022.
- These expenditures are primarily focused on long-term assets such as office buildings, machines, and vehicles, supporting ongoing operations and strategic growth initiatives.
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Select ideas related to J. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
Research & Analysis
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Peer Comparisons for Jacobs Solutions
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 106.53 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.3% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.4% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Infrastructure & Advanced Facilities | 10,323 | 9,693 | |||
| PA Consulting | 1,178 | 1,158 | 1,119 | 627 | |
| Critical Mission Solutions | 4,377 | 5,087 | 4,966 | ||
| Divergent Solutions | 892 | ||||
| People & Places Solutions | 8,535 | 8,378 | 8,601 | ||
| Total | 11,501 | 10,851 | 14,923 | 14,093 | 13,567 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Infrastructure & Advanced Facilities | 798 | 585 | |||
| PA Consulting | 239 | 237 | 232 | 151 | |
| Amortization of Intangible Assets | -153 | ||||
| Restructuring, Transaction and Other Charges | -193 | -198 | -350 | -327 | |
| Restructuring and Other Charges | -146 | ||||
| Critical Mission Solutions | 356 | 447 | 372 | ||
| Divergent Solutions | 68 | ||||
| Other Corporate Expenses | -364 | -340 | -249 | ||
| People & Places Solutions | 825 | 780 | 741 | ||
| Total | 692 | 676 | 918 | 688 | 536 |
Price Behavior
Price Behavior
| Market Price | $135.28 | |
| Market Cap ($ Bil) | 16.2 | |
| First Trading Date | 01/12/1990 | |
| Distance from 52W High | -17.5% | |
| 50 Days | 200 Days | |
| DMA Price | $144.92 | $136.56 |
| DMA Trend | up | down |
| Distance from DMA | -6.7% | -0.9% |
| 3M | 1YR | |
| Volatility | 33.5% | 26.7% |
| Downside Capture | 175.44 | 106.41 |
| Upside Capture | 101.09 | 92.34 |
| Correlation (SPY) | 54.0% | 64.3% |
J Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.63 | 1.51 | 1.50 | 1.30 | 0.86 | 0.86 |
| Up Beta | 1.64 | 1.56 | 1.60 | 1.35 | 0.79 | 0.86 |
| Down Beta | 3.77 | 1.98 | 1.94 | 1.70 | 0.88 | 0.91 |
| Up Capture | 4% | 82% | 87% | 100% | 77% | 55% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 23 | 34 | 69 | 125 | 397 |
| Down Capture | 205% | 163% | 156% | 123% | 99% | 96% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 18 | 28 | 56 | 123 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of J With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| J | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.0% | 19.1% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 26.5% | 18.8% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | 0.05 | 0.79 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 72.2% | 64.3% | -1.0% | 18.3% | 51.5% | 37.4% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of J With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| J | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 9.9% | 13.8% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 24.8% | 17.2% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.37 | 0.64 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 71.4% | 62.1% | 5.7% | 17.3% | 53.0% | 26.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of J With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| J | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 15.9% | 13.7% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 27.3% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.58 | 0.61 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 72.1% | 64.9% | 0.8% | 26.4% | 51.3% | 16.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/20/2025 | -10.9% | -6.1% | -6.2% |
| 8/5/2025 | 3.8% | 5.7% | 2.7% |
| 5/6/2025 | -5.7% | 0.7% | 0.5% |
| 2/4/2025 | -3.5% | -3.2% | -10.2% |
| 11/19/2024 | -4.9% | -0.7% | -5.6% |
| 8/6/2024 | 0.4% | 2.4% | 4.8% |
| 5/7/2024 | -5.0% | -7.2% | -7.0% |
| 2/6/2024 | 2.1% | 6.2% | 7.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 9 | 13 |
| # Negative | 13 | 16 | 12 |
| Median Positive | 2.4% | 4.3% | 2.9% |
| Median Negative | -3.5% | -3.8% | -6.2% |
| Max Positive | 6.0% | 7.0% | 14.5% |
| Max Negative | -10.9% | -9.4% | -10.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/20/2025 | 10-K (09/30/2025) |
| 06/30/2025 | 08/05/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/06/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/04/2025 | 10-Q (12/31/2024) |
| 09/30/2024 | 11/25/2024 | 10-K (09/30/2024) |
| 06/30/2024 | 08/06/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/07/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/06/2024 | 10-Q (12/31/2023) |
| 09/30/2023 | 11/21/2023 | 10-K (09/30/2023) |
| 06/30/2023 | 08/08/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/09/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/07/2023 | 10-Q (12/31/2022) |
| 09/30/2022 | 11/21/2022 | 10-K (09/30/2022) |
| 06/30/2022 | 08/01/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/03/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/08/2022 | 10-Q (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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