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Global engineering, design and consulting firm serving infrastructure, water, environmental and government/defense clients.
Global engineering, design and consulting firm serving infrastructure, water, environmental and government/defense clients.
Bills clients for engineers' and consultants' time, mostly on cost-reimbursable or hourly terms, so revenue follows the backlog of signed work. In 2024 it separated most of its defense and intelligence contracting into Amentum, leaving a business centred on infrastructure, water and advanced facilities design, with PA Consulting as its management-consulting arm.
Moat: narrow (scale, installed base, brand). Long-standing government/infrastructure relationships and a large project-delivery track record.
Headquarters: Dallas, Texas, US · Founded: 1947 · Employees: 43,000
Size Jacobs Solutions (J) is a United States Industrials company (Data Processing Services) with a market value of $17.4B, the 537th largest of 3,117 United States companies the cockpit tracks. Shares closed at $148.90 on 6 Nov 2026.
Performance Over six months the shares gained 26.1%, against -1.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 20.0% over the last twelve months (peer median +7.7%); the operating margin is 4.9% (peer median 18.7%).
Valuation It trades at 18.6× forward earnings against a peer median of 22.3× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.2 points above its cost of capital (7.7% WACC).
Backlog Backlog (remaining performance obligations) was $22.2B at 26 Jun 2026, up 46% on a year earlier — 1.6 years of trailing revenue. Backlog detail →
Credit Jacobs Solutions has 2 bonds outstanding ($1.30B), rated BBB- by the agencies and trading like BBB at a weighted spread of 105 bp.
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 23 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $14.2B | $12.0B | $11.5B | $10.8B | $14.9B |
| Revenue growth | — | +5% | +6% | -27% | — |
| Gross profit | $3.13B | $2.98B | $2.82B | $2.71B | $3.09B |
| EBITDA | $924M | $1.15B | $1.12B | $1.11B | $1.34B |
| Net income | $340M | $290M | $796M | $674M | $644M |
| Free cash flow | $645M | $607M | $934M | $837M | $347M |
| Capital expenditure | $91.3M | $79.2M | $121M | $137M | $128M |
| Total debt | $4.05B | $2.71B | $2.75B | $3.47B | $4.17B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
| Stantec STN.TO | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% |
| Fluor FLR | $6.22B | +7% | -5% | -2% | 14.2× | n/a |
| WSP Global WSP.TO | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | J | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.4% | +8.1% | 11th highest of 21 |
| 6-month return | +26.1% | -1.1% | 3rd highest of 20 |
| Distance from 52-week high | -8.1% | -16.8% | 7th highest of 21 |
| Revenue growth (TTM) | +20.0% | +7.7% | 3rd highest of 21 |
| Operating margin | 4.9% | 18.7% | lowest of 21 |
| Forward P/E | 18.6× | 22.3× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 15.8% | 15.1% | 9th most demanding of 19 |
| Growth delivered (Del g) | -2.3% | +7.9% | lowest of 19 |
| Hurdle (Req g minus delivered) | +18.1 pp | +3.9 pp | 3rd most demanding of 19 |
| ROIC minus cost of capital | +1.2 pp | +4.5 pp | 7th lowest of 21 |
| EV / EBITDA | 21.9× | 19.4× | 7th most expensive of 21 |
| Net debt / EBITDA | 3.1× | 1.8× | 5th most indebted of 21 |
| Bond spread | 105 bp | 91 bp | 4th widest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jacobs Solutions J | United States | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% | -2.3% |
| Stanley Black & Decker SWK | United States | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% | +3.0% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Nordson NDSN | United States | $17.3B | +10% | +7% | 27% | 24.5× | 15.4% | +5.6% |
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
| IDEX IEX | United States | $16.7B | +5% | +7% | 21% | 23.7× | 14.7% | +8.0% |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Leidos LDOS | United States | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% | +6.9% |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |
| UL Solutions ULS | United States | $15.9B | -22% | +6% | 19% | 31.2× | 9.1% | +5.8% |
| Masco MAS | United States | $15.8B | +15% | +1% | 18% | 18.0× | 4.9% | +1.0% |
| NXT NXT | United States | $15.8B | -17% | +14% | 19% | 20.9× | 22.0% | +24.4% |
| Allegion ALLE | United States | $15.6B | +39% | +10% | 22% | 18.7× | 7.6% | +8.4% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| TransUnion TRU | United States | $15.5B | +13% | +13% | 15% | 15.9× | 20.3% | +12.6% |
| GFL Environmental GFL | United States | $20.2B | +26% | +5% | 5% | 58.8× | 42.5% | +7.9% |
| RBC Bearings RBC | United States | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% | +25.2% |
| Clean Harbors CLH | United States | $15.0B | -2% | +10% | 13% | 29.2× | 11.7% | +13.9% |
Jacobs Solutions has 2 bonds outstanding with $1.30B face value. The agencies rate it BBB-; its bonds trade like BBB. Weighted yield 5.72%, a spread of 105 bp over government bonds.
Jacobs Solutions reported $22.2B of remaining performance obligations at 26 Jun 2026, up 46% from a year earlier and up 17% from the previous quarter. That is 1.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.78.