|J Overview
J

JACOBS SOLUTIONS INC.

Materials • CIK: 0000052988

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Market Cap
$17.96B
P/E (TTM)
61.1x
Rev Growth (TTM)
+4.6%
Net Margin (TTM)
2.4%
FCF Yield (TTM)
3.4%
FCF Margin (TTM)
5.0%

LATEST EARNINGS

Q1 FY2026
24 days ago
View source
Revenue
$3.29B
+12.3%
Net Income
$125.51M
EPS
$119006.00
Gross
23.2% -1.4%
Operating
7.1% -0.1%
Net
3.8% +4.4%
  • Gross revenue of $3.3 billion up 12.3% year-over-year, and adjusted net revenue of $2.3 billion up 8.2% year-over-year.
  • Adjusted EPS of $1.53 increased 15.0% year-over-year, exceeding expectations.
  • Backlog of $26.3 billion up 20.6% year-over-year, with a Q1 book-to-bill ratio of 2.0x.
  • Increased full-year 2026 guidance for adjusted net revenue, adjusted EPS, and free cash flow margin.

Cash Flow Health

Free Cash Flow6/8 positive
TTM$607M
Q4 '25
$354M+31%
Q3 '25
$271M+338%
FCF Margin
TTM5.0%
Q4 '2511.2%+26%
Sector: 4.7%Above Avg
OCF Margin5.7%
OCF/NI2.37x
CapEx Coverage8.7x
FCF Yield3.4%
FCF Growth (2Y)
Cash Conversion Cycle
46 days
DSO: 89+DIO: 0DPO: 43

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.2%
Div Yield0.0%
+
Buyback (TTM)4.2%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$607.5M
Stock Repurchases (TTM)$754.1M
Capital Return / FCF149.3%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
10.0%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
4.3%
Asset Turnover
1.05x
8Q: 1.01x
Leverage (1+D/E)
1.61x
D/E: 0.61x
DuPont: 7.4%10.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
39.97x
8Q:
Invested Cap Turn
2.30x
8Q:
CapEx Intensity
1.5%
8Q:
CapEx/Depreciation
0.97x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2025Q3 2024Q2 2024Q1 2024
Revenue
$12.0B
$3.2B4.1%
$3.0B4.2%
$2.9B0.8%
$2.9B0.9%
$3.0B2.7%
$2.9B1.3%
$2.8B1.3%
$2.8B
Operating Income
$863.6M
$211.6M10.0%
$235.0M12.6%
$208.6M0.1%
$208.4M6.2%
$196.2M14.7%
$171.0M6.7%
$183.2M29.0%
$142.0M
Net Income
$289.3M
$122.3M31.9%
$179.6M3100.4%
$5.6M131.0%
$-18.1M105.6%
$325.4M121.5%
$146.9M9.4%
$162.1M5.5%
$171.6M
Operating Cash Flow
$686.7M
$383.1M30.9%
$292.6M403.4%
$-96.4M189.7%
$107.5M45.3%
$196.5M59.3%
$482.6M1227.0%
$-42.8M110.2%
$418.4M
Free Cash Flow
$607.5M
$353.5M30.7%
$270.5M337.9%
$-113.7M217.1%
$97.1M38.6%
$158.2M64.4%
$444.9M730.0%
$-70.6M117.6%
$401.1M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
61.1x
Valuation Lenses
Earnings
61.1x
vs sector
Cash Flow
28.9x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
6.1P/E per %ROIC
ROIC: 10.0%
Shareholder Returns
Dividend
Buyback
4.2%
Total Yield
4.2%
Market Cap$17.96B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
67/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
7.2%
8Q:
Return on Invested Capital (ROIC)Top 25%
10.0%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 4.3%
Asset Turnover: 1.05x

Earnings Quality

Cash Conversion

2.37x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin24.8%

Capital Efficiency

Invested Capital Turnover2.30x

Working Capital

Cash Conversion Cycle46 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
55/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
4.6%
OpInc Growth YoY
7.8%
EPS Growth YoY
-61.7%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
24.8%
Operating
7.2%
Below Avg in sector
Net
2.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+2.6 pts
FCF: 5.0% | Net: 2.4%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $999.64M
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.61x
Balance sheet risk & solvency analysis