J
JACOBS SOLUTIONS INC.
Next earnings Aug 3, 2026 · consensus $1.88 EPS, $2.45B rev
Last earnings +4.4% on 2026-05-05
$127.89
▲ +3.30%$127.89▼ -0.63%
over 1Y
L $106.93H $163.10
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.3%
1W+2.8%
1M+4.9%
3M+0.2%
YTD-5.0%
1Y-0.6%
Buy
Conviction
Horizon
Long (>12mo)
Street · 25 analysts
Buy
Operating income +24.7% and backlog at a record $23.1B; the 64% net-income drop is SpinCo/discontinued-ops noise, not operating decline.
Operating income $864M · FY2025
The read
The fundamentals carry the rating, but the price is rich (~86% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Jacobs Solutions is now a focused infrastructure and advanced-facilities engineering firm after separating its SpinCo business. The operating performance is strong: FY2025 revenue grew 4.6% to $12.0B and, more importantly, operating income jumped 24.7% to $864M, lifting operating margin to 7.2%. The headline net income collapse to $289M (EPS $2.38, -62%) is a function of the SpinCo separation and discontinued-operations accounting documented in the 10-K, not a deterioration in the core business — which is why the 50.8x optical P/E is misleading.
The forward indicator that matters most is backlog, and it set a record: total backlog rose to $23.1B from $21.9B, with Infrastructure & Advanced Facilities up across Water, Environmental, Energy and Cities & Places end markets, and PA Consulting growing organically. About $6.77B (29.3%) converts to revenue within the next fiscal year, giving solid visibility. Federal exposure is modest at 9.5% of backlog, reducing government-shutdown sensitivity versus peers.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:45 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $9.78B | $10.9B | $11.5B | $12.0B |
| Gross profit | $3.04B | $2.58B | $2.71B | $2.83B | $2.98B |
| Operating income | $688M | $540M | $676M | $692M | $864M |
| Net income | $477M | $644M | $666M | $806M | $289M |
| Diluted EPS | $3.20 | $4.98 | $5.30 | $6.32 | $2.38 |
| Net margin | 3.4% | 6.6% | 6.1% | 7.0% | 2.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$16.1B
EV / EBITDA17.0
EV / Sales1.3
EV / FCF26.5
P / FCF24.9
PEG (trailing)—
Earnings yield1.9%
FCF yield4.0%
Quality & risk
ROIC (est.)11.6%
Free cash flow$607M
Total debt$2.24B
Net cash-$1.00B
Piotroski F-Score7/9
Capital returns
Buyback yield5.0%
Dividend yield (est.)1.0%
Shareholder yield6.0%
Shares Δ YoY-4.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-082026-06-10open ↗3Period ending 2026-06-082026-06-10open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-05-182026-05-22open ↗3Period ending 2026-05-182026-05-22open ↗4Period ending 2026-05-152026-05-18open ↗4Period ending 2026-05-132026-05-14open ↗4Period ending 2026-05-082026-05-12open ↗10-QPeriod ending 2026-03-272026-05-05open ↗8-KPeriod ending 2026-05-052026-05-05open ↗SCHEDULE 13GFiling2026-04-30open ↗8-KPeriod ending 2026-04-262026-04-29open ↗
Frequently asked
- Is JACOBS SOLUTIONS INC. (J) a buy?
- J currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Operating income +24.7% and backlog at a record $23.1B; the 64% net-income drop is SpinCo/discontinued-ops noise, not operating decline.
- What is J's fair value?
- A Modified-Graham model based on J's SEC fundamentals estimates a fair value of about $17.30. It is an estimate from reported earnings, not a price target.
- Is J overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, J currently appears overvalued relative to its SEC-grounded earnings power.
- What is JACOBS SOLUTIONS INC.'s quality score?
- J scores 56.12875177845622/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000052988, latest 10-Q filed 2026-05-05) · EODHD · Proprietary analysis · as of 6/21/2026, 8:45:03 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.