JACOBS SOLUTIONS (J) Company Report

Jacobs met or exceeded all FY25 KPIs across top-line, bottom-line, EPS, and backlog growth, and completed the post-spin separation as scheduled within 12 months of the TSA.
FY25 EBITDA margin expanded by 110 bps, and Jacobs guides 50–80 bps of margin expansion in FY26, targeting a 14.6% margin.
Jacobs expects 6–10% revenue growth in FY26 (midpoint 8%), with CapEx at ~1% of revenue focused on AI tool investments.
Strategic priorities include leveraging AI as an accelerant, expanding global delivery, adopting new commercial models, and full asset lifecycle participation to achieve 16%+ margin by FY29.
Management plans to return at least 60% of free cash flow via dividends (growing 10%+ annually) and opportunistic share buybacks.

7 days ago

Transcript

Jacobs provides FY2026 guidance and discusses AI-driven growth at UBS conference

Guidance Update

Share Buyback

M&A

Jacobs exceeded its FY2025 targets post-spin, meeting or exceeding all Investor Day KPIs, delivered 110 bps EBITDA margin expansion, and returned over 150% of free cash flow to shareholders.
Jacobs forecasts 6–10% revenue growth (midpoint 8%) and 50–80 bps EBITDA margin expansion for FY2026, with CapEx at ~1% of revenue to fund AI initiatives.
Management highlighted AI as an accelerant across their business—using digital twins and AI-driven tools in life sciences and data centers to lower costs and expand margins.
Top growth drivers include life sciences & advanced manufacturing, a 5× increase in data center pipeline, and strong international markets (Middle East, U.K., ANZ); water & environmental remains flat.
PA Consulting remains a priority, with 65% stake and potential to increase to 100% by March 2026, driven by defense & security, public sector digitization, and energy projects in Europe.

7 days ago

Transcript

Jacobs discusses FY2025 results and FY2026 guidance at UBS conference

Guidance Update

Share Buyback

M&A

Jacobs reported it met or exceeded all FY2025 KPIs, delivered record Q4 backlog and executed the Momentum spin-out and clean separation within 12 months as planned.
Management set FY2026 targets of 6–10% revenue growth (midpoint 8%) and 50–80 bps EBITDA margin expansion to ~14.6%, supported by AI adoption and global delivery efficiency.
Jacobs views AI as a major growth and margin accelerant, highlighting six years of investment and case studies in modular life-science facilities and AI data-center projects to lower costs and expand addressable market.
In FY2025, the company returned over 150% of free cash flow to shareholders, plans ≥60% FCF return via dividends (double-digit growth) and opportunistic buybacks amid market dislocations.
By March 2026, Jacobs may increase its PA Consulting stake from 65% up to 100% as part of its strategic portfolio review.

7 days ago

Transcript

Jacobs selected for Logan and Gold Coast Faster Rail Project

New Projects/Investments

Jacobs, in joint venture with Arcadis (AJJV), was selected by Queensland’s Department of Transport and Main Roads as Project Independent Certifier for the Logan and Gold Coast Faster Rail Project
The project will expand capacity by doubling tracks from two to four along a 20 km corridor, remove five level crossings, and upgrade stations and non-motorized connections to support high-frequency rail for the 2032 Olympic Games
Jacobs, with $12 billion in annual revenue and 45,000 employees, leverages its global transportation expertise to deliver these complex infrastructure upgrades

Nov 26, 2025, 12:45 PM

Press Release

Jacobs Solutions reports Q4 2025 results

Earnings

Guidance Update

Share Buyback

Jacobs recorded 6% adjusted net revenue growth and a 14.4% adjusted EBITDA margin in Q4, delivering $1.75 adjusted EPS (+28% YoY) in the period.
Full-year FY25 revenue rose ~5%, with 16% adjusted EPS growth to $6.12, exceeding guidance of $6.00–6.10.
Year-end backlog reached a record $23.1 billion (+6% YoY), supporting a 1.1x book-to-bill ratio.
FY26 outlook calls for 6–10% net revenue growth, 14.4–14.7% EBITDA margin, $6.90–7.30 EPS, and 7–8% free cash flow margin.
FY25 free cash flow was $607 million, with $1.1 billion returned to shareholders and net leverage at 0.8x.

Nov 20, 2025, 3:00 PM

Transcript

Jacobs reports Q4 and FY 2025 results

Earnings

Guidance Update

Share Buyback

Jacobs delivered 6% adjusted net revenue growth in Q4 2025 (7% gross), with adjusted EBITDA of $324 M (+12% YoY) at a 14.4% margin, and adjusted EPS of $1.75 (+28% YoY).
Full-year FY 2025 net revenue rose >5%, adjusted EBITDA +14%, and adjusted EPS +16%; consolidated backlog reached $23.1 B (+6% YoY) with a 1.1x book-to-bill.
Free cash flow was $607 M, enabling $754 M in share repurchases, $153 M in dividends, and $1.1 B returned to shareholders; net debt ended at $1 B (0.8x leverage), and the quarterly dividend was raised 10% to $0.32/share.
FY 2026 guidance targets 6–10% net revenue growth, 14.4–14.7% adjusted EBITDA margin, $6.90–$7.30 EPS, and 7–8% free cash flow margin; Q1 growth is expected at 5.5–7.5% with a low-mid 13% margin, and FY 2026 includes an extra week adding ~1.5 pts to growth.

Nov 20, 2025, 3:00 PM

Transcript

Jacobs reports Q4 2025 results

Earnings

Guidance Update

Share Buyback

Jacobs delivered Q4 GAAP gross revenue of $3.2 B (+6.6% y/y) and adjusted net revenue of $2.2 B (+5.8% y/y).
Q4 GAAP net earnings were $138 M (–55.4% y/y) versus adjusted net income of $209 M (+22.9% y/y) and adjusted EPS of $1.75 (+27.7% y/y).
Adjusted EBITDA reached $324 M (+12.0% y/y) with an adjusted EBITDA margin of 14.4%.
FY 2026 guidance calls for 6–10% adjusted net revenue growth, an EBITDA margin of 14.4–14.7%, and adjusted EPS of $6.90–$7.30.
Returned >100% of FY 25 free cash flow through $754 M share repurchases and a 10% dividend increase to $0.32/share.

Nov 20, 2025, 3:00 PM

Presentation

Jacobs reports Q4 FY25 earnings and FY26 guidance

Earnings

Guidance Update

Share Buyback

Jacobs delivered 6% adjusted net revenue growth in Q4 FY25, achieving $324 M adjusted EBITDA (+12% YoY) and a record 14.4% EBITDA margin, with $1.75 adjusted EPS (+28% YoY).
FY25 adjusted EPS rose 16% to $6.12 , with free cash flow of $607 M (7% margin) and a record backlog of $23.1 B (+6% YoY).
FY26 outlook calls for 6–10% adjusted net revenue growth, 14.4–14.7% EBITDA margin, $6.90–7.30 adjusted EPS, and 7–8% free cash flow margin, noting an extra week in Q4.
PA Consulting posted 10% revenue growth and 17% operating profit increase on a 23% margin in Q4, while Jacobs sees continued strength across water, life sciences, data centers, semiconductors, and critical infrastructure.
Returned $754 M in share repurchases and $153 M in dividends, ending FY25 with $1 B net debt (0.8× leverage) and a $0.32/share dividend (+10% YoY).

Nov 20, 2025, 3:00 PM

Transcript

Jacobs reports Q4 and FY 2025 results

Earnings

Guidance Update

Share Buyback

Q4 2025: gross revenue of $3.2 billion (+6.6% y/y) and adjusted net revenue of $2.2 billion (+5.8% y/y)
In Q4, GAAP EPS was $1.05 (–55.9% y/y) vs. adjusted EPS of $1.75 (+27.7% y/y); GAAP net earnings were $138 million
FY 2025: gross revenue of $12.0 billion (+4.6% y/y), adjusted net revenue of $8.7 billion (+5.3% y/y), GAAP EPS of $2.58 (–46.1% y/y), and adjusted EPS of $6.12 (+15.9% y/y)
Returned a record $1.1 billion to shareholders through share repurchases and dividends in FY 2025
Fiscal 2026 guidance: adjusted EPS of $6.90–$7.30 (+16% at midpoint), adjusted net revenue growth of 6–10%, adjusted EBITDA margin of 14.4–14.7%, and free cash flow margin of 7.0–8.0%

Nov 20, 2025, 11:45 AM

Press Release

Jacobs reports Q4 and FY25 earnings

Earnings

Guidance Update

Share Buyback

Jacobs reported $3.2 billion in Q4 fiscal 2025 gross revenue (+6.6% y/y) and $2.2 billion in adjusted net revenue (+5.8% y/y); GAAP net earnings were $138 million (-55.4% y/y) with adjusted EBITDA of $324 million (+12.0% y/y).
For fiscal 2025, Jacobs achieved $12.0 billion in gross revenue (+4.6% y/y) and $8.7 billion in adjusted net revenue (+5.3% y/y), delivering an adjusted EPS of $6.12 (+15.9% y/y).
Backlog hit a record $23.1 billion with a trailing twelve-month book-to-bill ratio of 1.1x.
The company returned a record $1.1 billion to shareholders through share repurchases and dividends in FY 2025.
Fiscal 2026 guidance calls for 6–10% adjusted net revenue growth, 14.4–14.7% adjusted EBITDA margin, and $6.90–$7.30 adjusted EPS.