Jacobs Solutions (J)
Market Price (7/10/2026): $125.82 | Market Cap: $14.8 BilSector: Industrials | Industry: Construction & Engineering
Jacobs Solutions (J)
Market Price (7/10/2026): $125.82Market Cap: $14.8 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Low stock price volatilityVol 12M is 32% 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 -24%, 3Y Excs Rtn is -38% | 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. |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Low stock price volatilityVol 12M is 32% |
| 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 -24%, 3Y Excs Rtn is -38% |
| 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. |
Qualitative Assessment
AI Analysis | Feedback
Jacobs Solutions (J) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Strong Fiscal Second Quarter 2026 Results and Reaffirmed Full-Year Guidance. Jacobs Solutions reported adjusted earnings per share (EPS) of $1.75 for the fiscal second quarter ended March 27, 2026, surpassing analyst estimates of $1.64 by $0.11. Quarterly revenue reached $2.33 billion, exceeding expectations of $2.28 billion and representing an 8.9% year-over-year increase. The company also raised its full-year fiscal 2026 adjusted EPS guidance for the second consecutive quarter to a range of $7.10 to $7.35, signaling continued strong business momentum. This positive financial performance and outlook contributed to the stock's stability, preventing significant downside.
2. Strategic Acquisition and Shareholder Capital Returns. During fiscal Q2 2026, Jacobs Solutions completed the acquisition of the remaining stake in PA Consulting, which contributed to its strong quarterly results. The company increased its estimated cost synergy from the acquisition to over $20 million within 24 months. Additionally, Jacobs repurchased $220 million of its shares in fiscal Q2 2026, accumulating $472 million in year-to-date repurchases, and declared a consistent quarterly cash dividend of $0.36 per share. These actions demonstrated a commitment to enhancing shareholder value and operational efficiency, providing underlying support for the stock price.
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Jacobs Solutions (J) stock has remained largely at the same level since 3/31/2026 because of the following key factors:
1. Strong Fiscal Second Quarter 2026 Results and Reaffirmed Full-Year Guidance. Jacobs Solutions reported adjusted earnings per share (EPS) of $1.75 for the fiscal second quarter ended March 27, 2026, surpassing analyst estimates of $1.64 by $0.11. Quarterly revenue reached $2.33 billion, exceeding expectations of $2.28 billion and representing an 8.9% year-over-year increase. The company also raised its full-year fiscal 2026 adjusted EPS guidance for the second consecutive quarter to a range of $7.10 to $7.35, signaling continued strong business momentum. This positive financial performance and outlook contributed to the stock's stability, preventing significant downside.
2. Strategic Acquisition and Shareholder Capital Returns. During fiscal Q2 2026, Jacobs Solutions completed the acquisition of the remaining stake in PA Consulting, which contributed to its strong quarterly results. The company increased its estimated cost synergy from the acquisition to over $20 million within 24 months. Additionally, Jacobs repurchased $220 million of its shares in fiscal Q2 2026, accumulating $472 million in year-to-date repurchases, and declared a consistent quarterly cash dividend of $0.36 per share. These actions demonstrated a commitment to enhancing shareholder value and operational efficiency, providing underlying support for the stock price.
3. Mixed Analyst Sentiment and Valuation Perspectives. While Jacobs Solutions holds a consensus "Moderate Buy" rating from analysts with an average 12-month price target ranging from $153.40 to $161.61, indicating potential upside, some analyst adjustments reflected a more cautious outlook. For instance, Wells Fargo & Company reduced its price target to $131.00, and Wall Street Zen downgraded the stock to a "hold" rating in May 2026. Despite the stock trading below its estimated future cash flow value of $191.82, potential concerns regarding debt coverage by operating cash flow and projections of slower revenue growth relative to the market may have tempered more significant upward price movement, leading to the observed largely stable trend.
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Stock Movement Drivers
Fundamental Drivers
The -0.8% change in J stock from 3/31/2026 to 7/9/2026 was primarily driven by a -17.1% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 126.88 | 125.84 | -0.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,390 | 13,175 | 6.3% |
| Net Income Margin (%) | 3.5% | 2.9% | -17.1% |
| P/E Multiple | 34.8 | 38.7 | 11.3% |
| Shares Outstanding (Mil) | 119 | 117 | 1.1% |
| Cumulative Contribution | -0.8% |
Market Drivers
3/31/2026 to 7/9/2026| Return | Correlation | |
|---|---|---|
| J | -0.8% | |
| Market (SPY) | 15.6% | 11.6% |
| Sector (XLI) | 12.0% | 25.5% |
Fundamental Drivers
The -4.4% change in J stock from 12/31/2025 to 7/9/2026 was primarily driven by a -28.9% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 131.70 | 125.84 | -4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,030 | 13,175 | 9.5% |
| Net Income Margin (%) | 2.4% | 2.9% | 20.4% |
| P/E Multiple | 54.4 | 38.7 | -28.9% |
| Shares Outstanding (Mil) | 119 | 117 | 1.9% |
| Cumulative Contribution | -4.4% |
Market Drivers
12/31/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| J | -4.4% | |
| Market (SPY) | 10.5% | 26.8% |
| Sector (XLI) | 17.1% | 34.0% |
Fundamental Drivers
The -3.3% change in J stock from 6/30/2025 to 7/9/2026 was primarily driven by a -26.4% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 130.10 | 125.84 | -3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,687 | 13,175 | 12.7% |
| Net Income Margin (%) | 3.9% | 2.9% | -26.4% |
| P/E Multiple | 34.6 | 38.7 | 11.8% |
| Shares Outstanding (Mil) | 122 | 117 | 4.3% |
| Cumulative Contribution | -3.3% |
Market Drivers
6/30/2025 to 7/9/2026| Return | Correlation | |
|---|---|---|
| J | -3.3% | |
| Market (SPY) | 22.7% | 35.5% |
| Sector (XLI) | 24.0% | 41.9% |
Fundamental Drivers
The 32.2% change in J stock from 6/30/2023 to 7/9/2026 was primarily driven by a 147.7% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7092026 | Change |
|---|---|---|---|
| Stock Price ($) | 95.17 | 125.84 | 32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,445 | 13,175 | 26.1% |
| Net Income Margin (%) | 7.4% | 2.9% | -60.9% |
| P/E Multiple | 15.6 | 38.7 | 147.7% |
| Shares Outstanding (Mil) | 127 | 117 | 8.2% |
| Cumulative Contribution | 32.2% |
Market Drivers
6/30/2023 to 7/9/2026| Return | Correlation | |
|---|---|---|
| J | 32.2% | |
| Market (SPY) | 75.6% | 47.7% |
| Sector (XLI) | 75.8% | 56.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| J Return | 29% | -13% | 9% | 25% | 1% | -2% | 51% |
| Peers Return | 44% | 25% | 23% | 28% | -12% | 8% | 169% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| J Win Rate | 58% | 50% | 50% | 75% | 67% | 71% | |
| Peers Win Rate | 60% | 60% | 63% | 63% | 50% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| J Max Drawdown | -12% | -26% | -14% | -13% | -22% | -29% | |
| Peers Max Drawdown | -23% | -22% | -22% | -18% | -37% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ACM, FLR, KBR, PSN, PWR. 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] 2026 data is for the year up to 7/9/2026 (YTD)
How Low Can It Go
| Event | J | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -14.8% | -18.8% |
| % Gain to Breakeven | 17.4% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.3% | -6.7% |
| % Gain to Breakeven | 11.4% | 7.1% |
| Time to Breakeven | 40 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.7% | -24.5% |
| % Gain to Breakeven | 27.7% | 32.4% |
| Time to Breakeven | 374 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.0% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.5% | 23.8% |
| Time to Breakeven | 119 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.2% | -12.2% |
| % Gain to Breakeven | 25.3% | 13.9% |
| Time to Breakeven | 36 days | 62 days |
In The Past
Jacobs Solutions's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.
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Asset Allocation
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| Event | J | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.7% | -24.5% |
| % Gain to Breakeven | 27.7% | 32.4% |
| Time to Breakeven | 374 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.0% | 50.9% |
| Time to Breakeven | 203 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.8% | -19.2% |
| % Gain to Breakeven | 40.5% | 23.8% |
| Time to Breakeven | 119 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.2% | -12.2% |
| % Gain to Breakeven | 25.3% | 13.9% |
| Time to Breakeven | 36 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -35.0% | -6.8% |
| % Gain to Breakeven | 53.8% | 7.3% |
| Time to Breakeven | 167 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.3% | -17.9% |
| % Gain to Breakeven | 35.7% | 21.8% |
| Time to Breakeven | 101 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.2% | -15.4% |
| % Gain to Breakeven | 37.4% | 18.2% |
| Time to Breakeven | 194 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -73.1% | -53.4% |
| % Gain to Breakeven | 272.1% | 114.4% |
| Time to Breakeven | 3998 days | 1085 days |
In The Past
Jacobs Solutions's stock fell -14.8% during the 2025 US Tariff Shock. Such a loss loss requires a 17.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Jacobs Solutions (J)
Jacobs Solutions Inc. (J) is a global professional services company providing extensive consulting, technical, scientific, and project delivery services. The company operates through two primary segments: Critical Mission Solutions (CMS) and People & Places Solutions (P&PS). This structure allows Jacobs to address diverse client needs across specialized and broad-scale projects worldwide.
The Critical Mission Solutions segment focuses on highly technical areas such as cybersecurity, data analytics, IT systems integration, engineering and design, nuclear services, and enterprise-level operations and maintenance. Meanwhile, the People & Places Solutions segment delivers digitally driven consulting, artificial intelligence and automation, software development, planning, architecture, and program management, including design-build projects for water infrastructure and wind tunnels. Jacobs Solutions serves a broad base of government and private sector clients across the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa.
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Here are 1-3 brief analogies for Jacobs Solutions:
- Like AECOM for advanced tech and government critical missions.
- Booz Allen Hamilton for global engineering and infrastructure projects.
- The Accenture for developing and managing physical infrastructure and critical government systems.
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- Cybersecurity Services: Providing solutions to protect digital systems and data from cyber threats.
- Data Analytics Services: Extracting insights and supporting decision-making through the analysis of complex datasets.
- IT Systems & Software Solutions: Delivering services for enterprise IT, mission-specific systems, software application integration, and development.
- Engineering & Architectural Design: Offering expert engineering, planning, and architectural services for diverse projects, including nuclear facilities.
- Artificial Intelligence & Automation: Developing and implementing AI technologies and automated systems for enhanced operational efficiency.
- Program & Construction Management: Overseeing the planning, execution, and delivery of complex programs and construction projects.
- Operations & Maintenance Consulting: Providing expertise for managing and maintaining critical enterprise-level infrastructure and systems.
- Specialized Design-Build Projects: Managing the integrated design and construction of specialized facilities like wind tunnels and water infrastructure.
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Jacobs Solutions (J) primarily serves customers in two major sectors:
- Government Sector: This includes various federal, state, local, and international government agencies and entities. Given the nature of Jacobs' services, such as critical mission solutions, cybersecurity, nuclear services, and infrastructure project delivery, a significant portion of their clientele comes from government contracts and initiatives globally.
- Private Sector: Jacobs Solutions provides its consulting, technical, scientific, and project delivery services to a wide array of companies within the private sector. However, the provided background information does not specify the names of individual major customer companies, nor their public symbols. Their private sector customers are typically large corporations across diverse industries that require complex engineering, technology, consulting, and project management expertise, such as those in infrastructure development, water management, energy, manufacturing, technology, and advanced facilities.
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Bob Pragada, Chair and Chief Executive Officer
Appointed CEO in January 2023, Bob Pragada brings over 30 years of global business leadership and military experience to Jacobs, including 17 years with the company and nine years as a Civil Engineer Corps and Seabees Officer with the U.S. Navy. He served as the Facilities Director at Camp David during the Clinton administration. Prior to his CEO role, he was President and Chief Operating Officer of Jacobs since 2019. He led the successful integration of CH2M following its acquisition by Jacobs in 2017 and was instrumental in Jacobs' strategic majority investment in PA Consulting, where he also serves as a Board member. Before rejoining Jacobs in 2016, he served as President and CEO of The Brock Group, a privately held industrial specialty services company. Earlier in his career, he was Chief Operating Officer at Kinetics, a global provider of process solutions to the semiconductor and pharma-bio manufacturing industry. He also serves on the Brightstar Capital Partners Advisory Council.
Venk Nathamuni, Executive Vice President and Chief Financial Officer
Venk Nathamuni was appointed Chief Financial Officer of Jacobs, effective June 3, 2024. He has over 30 years of experience in executive-level finance and strategic leadership roles. Before joining Jacobs, Nathamuni served as the CFO at Cirrus Logic, a global semiconductor company, where he played a key role in driving financial performance and strategic initiatives. His professional background also includes influential positions at J.P. Morgan, Synopsys, Synplicity, QuickLogic, Arista Networks, and Maxim Integrated Products, Inc.
Joanne Caruso, Executive Vice President, Chief Legal & Administrative Officer
Joanne Caruso serves as the Executive Vice President, Chief Legal and Administrative Officer at Jacobs, leading global functions including legal, compliance, human resources, and sustainability. She was the first woman at Jacobs to become an Executive Vice President. Prior to this role, she held positions including Senior Vice President, Chief Administrative Officer, and Senior Vice President of Global Human Resources at Jacobs. Her legal career includes partnership roles at Baker & Hostetler LLP and Howrey LLP, specializing in antitrust and complex commercial litigation.
Patrick Hill, President, Global Operations
Patrick Hill is the President of Global Operations at Jacobs, leading a team of over 40,000 professionals worldwide in delivering critical infrastructure solutions. His career at Jacobs spans more than 25 years, covering various senior leadership positions and multiple sectors and operations across the globe. Previously, he co-led Jacobs' People & Places Solutions global business with a focus on Europe, the Middle East, Africa, Asia, Australia, and New Zealand, and global functions of Growth, Strategy & Solutions and Global Design Centers. He joined Jacobs in 2014 as the group vice president of telecommunications. He also serves as a Board member of Jacobs' JASARA joint venture.
Shannon Miller, Executive Vice President and President, Strategy, Growth & Digital
Shannon Miller serves as the Executive Vice President and President, Strategy, Growth & Digital at Jacobs. In this role, she helps set the company's strategic direction and focuses on elevating transformative data solutions. During her nearly 25-year career at Jacobs, she has held various roles in operations, sales, and human resources leadership across multiple industries including technology, resources, infrastructure, pharmaceutical, and consumer products, with assignments in the U.S., Europe, Australia, and Canada. She was previously Executive Vice President and President of Divergent Solutions, a unit focused on cyber, intelligence, data, and technology. She also served as Jacobs' Chief Growth Officer and lead for Enterprise Risk Management.
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The key risks to Jacobs Solutions' business are intense market competition, reliance on government contracts and associated geopolitical and budgetary risks, and the imperative for continuous technological innovation.
- Intense Market Competition and Pricing Pressure: Jacobs Solutions operates within highly competitive professional services and engineering sectors. The company faces significant rivalry from large global firms, leading to constant pricing pressure and an ongoing risk of talent poaching. Jacobs must continuously adapt its offerings to secure new projects and maintain its competitive edge.
- Reliance on Government Contracts and Geopolitical/Budgetary Risks: A substantial portion of Jacobs Solutions' revenue is derived from contracts with U.S. and U.K. government agencies. This reliance exposes the company to risks associated with shifting political priorities, budgetary constraints, and changes in procurement policies. Furthermore, its global operations make it vulnerable to broader geopolitical uncertainties.
- Technological Disruption and the Need for Continuous Innovation: The rapid advancement of technologies, including artificial intelligence (AI) and the Internet of Things (IoT), necessitates continuous investment in innovation for Jacobs Solutions to remain competitive. Failure to keep pace with these technological disruptions and integrate new solutions could erode the company's competitive advantage.
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Jacobs Solutions operates in several large addressable markets globally:
- The company identifies a global serviceable addressable market (SAM) of approximately $390 billion for its Critical Infrastructure services.
- For the Water and Environmental sector, Jacobs Solutions estimates a global SAM of $220 billion. Complementary to this, the global water and wastewater treatment market was valued at USD 372.39 billion in 2025 and is projected to reach USD 713.96 billion by 2034.
- In Life Sciences and Advanced Manufacturing, Jacobs Solutions sees a global SAM of $120 billion.
- The global IT services market, which includes many of Jacobs' technical consulting and data analytics offerings, was estimated at USD 1.65 trillion in 2025 and is projected to reach USD 3.30 trillion by 2033.
- The broader global consulting services market was valued at approximately USD 318.89 billion in 2024 and is projected to reach USD 471.59 billion by 2034.
- In nuclear services, the global nuclear plant services market was valued at over USD 74.38 billion in 2025 and is poised to exceed USD 122.32 billion by 2035.
- The global construction market, encompassing much of Jacobs' engineering and project delivery, was estimated at USD 11,215.6 billion in 2024 and is projected to reach USD 18,588.1 billion by 2035. The global construction engineering services market alone was valued at US$ 569.6 billion in 2024.
- Jacobs Solutions projects the addressable market for hydrogen, carbon capture, and renewable energy infrastructure to be $100 billion globally by 2030.
- For services related to project management and program management, the global project management software market was estimated at USD 7,383.8 million in 2023 and is projected to reach USD 20,469.8 million by 2030. The global Project Portfolio Management Market was valued at $7.8 billion in 2024 and is anticipated to reach over $13.7 billion by the end of 2029.
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Jacobs Solutions (NYSE: J) is expected to drive future revenue growth over the next 2-3 years through several key areas:
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Strong Backlog Growth: The company has reported a record and growing backlog, which provides significant visibility into future revenue. For example, Jacobs Solutions reported a consolidated backlog of $23.1 billion in Q4 fiscal year 2025 and $26.3 billion at the end of Q1 fiscal year 2026, with a trailing twelve-month book-to-bill ratio of 1.4x, indicating robust demand for its services.
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Expansion in High-Growth End Markets: Jacobs Solutions is strategically focused on rapidly expanding markets such as life sciences, data centers, semiconductors, water, advanced manufacturing, and transportation. Strong performance and increasing demand in these sectors are anticipated to fuel revenue expansion.
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Increased Demand for Digital Consulting and AI-driven Solutions: The company is capitalizing on the rising demand for digital consulting services and leveraging AI advisory, design tools, and digital twin capabilities to differentiate its offerings and enhance operational efficiencies. PA Consulting, a key segment, has shown strong growth in digital consulting services.
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Global Infrastructure Modernization and Sustainability Initiatives: Jacobs Solutions is well-positioned to benefit from global investment megatrends, including critical infrastructure modernization, water scarcity solutions, and sustainability initiatives such as climate change projects and energy transition efforts.
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Full Ownership of PA Consulting: The acquisition of the remaining stake in PA Consulting is a strategic move to unlock the full value of its asset lifecycle strategy. This allows Jacobs to further integrate and leverage PA Consulting's strong performance, particularly in digital consulting, contributing to overall revenue growth.
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Share Repurchases
- Jacobs Solutions repurchased $754.1 million in shares during fiscal year 2025.
- In February 2025, Jacobs' Board of Directors approved a new share repurchase authorization of up to $1.5 billion, valid over a three-year period.
- The company's previous 2023 Share Repurchase Program authorized up to $1.0 billion in common stock, with $271 million remaining under this authorization at the end of the fiscal first quarter of 2025.
Share Issuance
- The common stock value on Jacobs Solutions' balance sheet decreased from $128.89 million in 2021 to $119.08 million in 2025, indicating net repurchases rather than significant common stock issuance during this period.
- In connection with its PA Consulting investment, Jacobs Solutions issued certain shares of redeemable noncontrolling interests for $34.8 million in 2023 and $49.7 million in 2022.
Outbound Investments
- On March 2, 2021, Jacobs completed a strategic investment, acquiring a 65% interest in PA Consulting, a U.K.-based innovation and transformation consulting firm, for a total consideration of $1.7 billion.
- Jacobs funded the initial PA Consulting investment through a combination of cash on hand, proceeds from a new term loan, and draws on its existing Revolving Credit Facility.
- In January 2026, Jacobs announced an agreement to acquire the remaining stake in PA Consulting for an upfront consideration of approximately £1.216 billion ($1.6 billion), with the transaction expected to close by the end of Jacobs' fiscal 2026 second quarter.
Capital Expenditures
- Jacobs Solutions' capital expenditures averaged $111.7 million annually for the fiscal years ending October 2021 to 2025.
- Capital expenditures reached a 5-year peak of $137.5 million in fiscal year 2023.
- In fiscal year 2025, capital expenditures were $79.232 million, marking a 5-year low.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.97 |
| Mkt Cap | 8.0 |
| Rev LTM | 14,180 |
| Op Inc LTM | 567 |
| FCF LTM | 451 |
| FCF 3Y Avg | 520 |
| CFO LTM | 563 |
| CFO 3Y Avg | 599 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.6% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | -1.6% |
| QoQ Delta Rev Chg LTM | -0.4% |
| Op Inc Chg LTM | -10.2% |
| Op Inc Chg 3Y Avg | 19.7% |
| Op Mgn LTM | 5.9% |
| Op Mgn 3Y Avg | 5.8% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 5.9% |
| CFO/Rev 3Y Avg | 6.5% |
| FCF/Rev LTM | 4.6% |
| FCF/Rev 3Y Avg | 5.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Infrastructure & Advanced Facilities | 10,764 | 10,323 | 9,693 | ||
| PA Consulting | 1,266 | 1,178 | 1,158 | 1,119 | 627 |
| Critical Mission Solutions | 4,377 | 5,087 | |||
| Divergent Solutions | 892 | ||||
| People & Places Solutions | 8,535 | 8,378 | |||
| Total | 12,030 | 11,501 | 10,851 | 14,923 | 14,093 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Infrastructure & Advanced Facilities | 904 | 798 | 585 | ||
| PA Consulting | 278 | 239 | 237 | 232 | 151 |
| Amortization of Intangible Assets | -156 | -153 | |||
| Restructuring, Transaction and Other Charges | -163 | -193 | -198 | -350 | |
| Restructuring and Other Charges | -146 | ||||
| Critical Mission Solutions | 356 | 447 | |||
| Divergent Solutions | 68 | ||||
| Other Corporate Expenses | -364 | -340 | |||
| People & Places Solutions | 825 | 780 | |||
| Total | 864 | 692 | 676 | 918 | 688 |
Price Behavior
| Market Price | $125.84 | |
| Market Cap ($ Bil) | 14.8 | |
| First Trading Date | 01/12/1990 | |
| Distance from 52W High | -22.8% | |
| 50 Days | 200 Days | |
| DMA Price | $121.90 | $134.91 |
| DMA Trend | down | down |
| Distance from DMA | 3.2% | -6.7% |
| 3M | 1YR | |
| Volatility | 37.0% | 32.4% |
| Downside Capture | 29.27 | 111.74 |
| Upside Capture | 14.80 | 79.66 |
| Correlation (SPY) | 7.7% | 36.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.29 | 0.14 | 0.42 | 0.74 | 0.94 | 0.83 |
| Up Beta | -0.33 | -0.85 | 0.52 | 0.43 | 0.59 | 0.75 |
| Down Beta | 1.05 | 0.79 | 0.47 | 0.88 | 1.16 | 0.89 |
| Up Capture | 51% | 6% | 22% | 60% | 78% | 55% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 11 | 22 | 34 | 61 | 130 | 394 |
| Down Capture | -7% | 28% | 48% | 98% | 109% | 96% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 10 | 19 | 29 | 64 | 121 | 354 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with J | |
|---|---|---|---|---|
| J | -4.4% | 32.4% | -0.11 | - |
| Sector ETF (XLI) | 23.0% | 16.7% | 1.07 | 41.9% |
| Equity (SPY) | 22.3% | 12.5% | 1.33 | 35.6% |
| Gold (GLD) | 24.4% | 27.8% | 0.77 | 5.2% |
| Commodities (DBC) | 23.6% | 18.7% | 1.00 | -0.4% |
| Real Estate (VNQ) | 13.2% | 13.9% | 0.65 | 29.8% |
| Bitcoin (BTCUSD) | -42.8% | 42.8% | -1.18 | 24.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with J | |
|---|---|---|---|---|
| J | 3.7% | 26.2% | 0.13 | - |
| Sector ETF (XLI) | 13.7% | 17.6% | 0.61 | 64.8% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 57.6% |
| Gold (GLD) | 18.0% | 18.3% | 0.80 | 4.1% |
| Commodities (DBC) | 7.5% | 19.5% | 0.28 | 13.8% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.06 | 49.8% |
| Bitcoin (BTCUSD) | 12.3% | 53.5% | 0.42 | 25.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with J | |
|---|---|---|---|---|
| J | 13.3% | 27.8% | 0.49 | - |
| Sector ETF (XLI) | 14.8% | 20.0% | 0.65 | 69.3% |
| Equity (SPY) | 15.8% | 17.9% | 0.75 | 62.1% |
| Gold (GLD) | 11.7% | 16.1% | 0.59 | 2.9% |
| Commodities (DBC) | 6.1% | 18.0% | 0.27 | 22.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.22 | 49.9% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 15.4% |
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Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -7.3% | -16.4% | -9.2% |
| 2/3/2026 | 7.8% | 13.7% | 2.7% |
| 11/20/2025 | -10.9% | -6.3% | -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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 12 |
| # Negative | 13 | 15 | 12 |
| Median Positive | 2.7% | 5.7% | 2.7% |
| Median Negative | -4.9% | -3.4% | -6.4% |
| Max Positive | 7.8% | 13.7% | 14.5% |
| Max Negative | -10.9% | -16.4% | -10.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -7.3% | -16.4% | -9.2% |
| 2/3/2026 | 7.8% | 13.7% | 2.7% |
| 11/20/2025 | -10.9% | -6.3% | -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% |
| 11/21/2023 | -8.7% | -9.4% | -7.9% |
| 8/8/2023 | 4.6% | 6.6% | 2.9% |
| 5/9/2023 | 1.3% | -2.8% | -0.8% |
| 2/7/2023 | -1.9% | -1.8% | -2.9% |
| 11/21/2022 | -3.0% | -3.4% | -6.2% |
| 8/1/2022 | -5.7% | -7.1% | -6.6% |
| 5/3/2022 | 0.6% | -5.5% | 0.9% |
| 2/8/2022 | -3.0% | -5.8% | -1.7% |
| 11/23/2021 | -1.8% | -2.7% | -8.2% |
| 8/3/2021 | -3.3% | -2.6% | 0.8% |
| 5/10/2021 | 1.7% | -1.1% | 2.1% |
| 2/9/2021 | 2.7% | 3.8% | 14.5% |
| 11/24/2020 | 2.9% | 4.0% | 2.2% |
| 8/3/2020 | 6.0% | 7.0% | 5.8% |
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 12 |
| # Negative | 13 | 15 | 12 |
| Median Positive | 2.7% | 5.7% | 2.7% |
| Median Negative | -4.9% | -3.4% | -6.4% |
| Max Positive | 7.8% | 13.7% | 14.5% |
| Max Negative | -10.9% | -16.4% | -10.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/20/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/25/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/21/2022 | 10-K |
| 06/30/2022 | 08/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/20/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/25/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/21/2022 | 10-K |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/08/2022 | 10-Q |
| 09/30/2021 | 11/23/2021 | 10-K |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 02/09/2021 | 10-Q |
| 09/30/2020 | 11/24/2020 | 10-K |
| 06/30/2020 | 08/03/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/04/2020 | 10-Q |
| 09/30/2019 | 11/25/2019 | 10-K |
| 06/30/2019 | 08/05/2019 | 10-Q |
Recent Forward Guidance
Updated 7/9/2026Latest: Q2 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted Net Revenue Growth | 8.0% | 9.25% | 10.5% | 1.0% | Raised | Guidance: 8.25% for 2026 | |
| 2026 Adjusted EBITDA Margin | 14.6% | 14.75% | 14.9% | 0.2% | Raised | Guidance: 14.55% for 2026 | |
| 2026 Adjusted EPS | 7.1 | 7.22 | 7.35 | 1.4% | Raised | Guidance: 7.12 for 2026 | |
| 2026 Adjusted Free Cash Flow Margin | 7.0% | 7.75% | 8.5% | 0.0% | Affirmed | Guidance: 7.75% for 2026 | |
Prior: Q1 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted Net Revenue Growth | 6.5% | 8.25% | 10.0% | 0.2% | Raised | Guidance: 8.0% for 2026 | |
| 2026 Adjusted EBITDA Margin | 14.4% | 14.55% | 14.7% | 0.0% | Affirmed | Guidance: 14.55% for 2026 | |
| 2026 Adjusted EPS | 6.95 | 7.12 | 7.3 | 0.4% | Raised | Guidance: 7.1 for 2026 | |
| 2026 Free Cash Flow Margin | 7.0% | 7.75% | 8.5% | 0.2% | Raised | Guidance: 7.5% for 2026 | |
Q4 2025 Earnings Reported 11/20/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted Net Revenue Growth | 6.0% | 8.0% | 10.0% | 45.4% | 2.5% | Higher New | Actual: 5.5% for 2025 |
| 2026 Adjusted EBITDA Margin | 14.4% | 14.55% | 14.7% | 4.7% | 0.6% | Higher New | Actual: 13.9% for 2025 |
| 2026 Adjusted EPS | 6.9 | 7.1 | 7.3 | 17.4% | Higher New | Actual: 6.05 for 2025 | |
| 2026 Free Cash Flow Margin | 7.0% | 7.5% | 8.0% | ||||
Insider Activity
Updated 6/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pragada, Robert V | Chair & CEO | Direct | Buy | 5182026 | 111.09 | 3,601 | 400,035 | 37,076,843 | Form |
| 2 | Fernandez, Manuel J | Direct | Buy | 5142026 | 112.56 | 253 | 28,478 | 1,407,450 | Form | |
| 3 | Fernandez, Manuel J | Direct | Buy | 5122026 | 121.93 | 403 | 49,137 | 1,493,752 | Form | |
| 4 | Miller, Shannon | President | Direct | Sell | 3102026 | 134.13 | 1,440 | 193,147 | 3,399,391 | Form |
| 5 | Robertson, Peter J | Trust | Buy | 11252025 | 134.76 | 1,000 | 134,760 | 134,760 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pragada, Robert V | Chair & CEO | Direct | Buy | 5182026 | 111.09 | 3,601 | 400,035 | 37,076,843 | Form |
| 2 | Fernandez, Manuel J | Direct | Buy | 5142026 | 112.56 | 253 | 28,478 | 1,407,450 | Form | |
| 3 | Fernandez, Manuel J | Direct | Buy | 5122026 | 121.93 | 403 | 49,137 | 1,493,752 | Form | |
| 4 | Miller, Shannon | President | Direct | Sell | 3102026 | 134.13 | 1,440 | 193,147 | 3,399,391 | Form |
| 5 | Robertson, Peter J | Trust | Buy | 11252025 | 134.76 | 1,000 | 134,760 | 134,760 | Form | |
| 6 | Nathamuni, Venkatesh | Chief Financial Officer | Direct | Buy | 11252025 | 135.11 | 750 | 101,333 | 2,808,261 | Form |
| 7 | Fernandez, Manuel J | Direct | Buy | 11252025 | 130.78 | 763 | 99,785 | 1,357,496 | Form |
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Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction & Engineering Resources |
| Engineering News-Record (ENR) |
| Construction Dive |
| Civil Engineering Magazine |
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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