JACOBS SOLUTIONS (J) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for JACOBS SOLUTIONS.

Analyst Coverage

Research analysts who have asked questions during JACOBS SOLUTIONS earnings calls.

Andrew J. Wittmann

Robert W. Baird & Co.

6 questions for J

Also covers: ABM, ACM, APG +17 more

Sangita Jain

KeyBanc Capital Markets

6 questions for J

Also covers: ACM, CTRI, DY +9 more

Michael Dudas

Vertical Research Partners

4 questions for J

Also covers: AA, ACM, ARCH +15 more

Sabahat Khan

RBC Capital Markets

4 questions for J

Also covers: ACM, ATS, DOOO +9 more

Steven Fisher

UBS

4 questions for J

Also covers: ACM, AGCO, BBCP +22 more

Andy Kaplowitz

Citigroup Inc.

3 questions for J

Also covers: ACM, APG, ATKR +9 more

Jamie Cook

Truist Securities

3 questions for J

Also covers: ACM, AGCO, AME +17 more

Jerry Revich

Goldman Sachs Group Inc.

3 questions for J

Also covers: AGCO, ALSN, ATMU +28 more

Andrew Kaplowitz

Citigroup

2 questions for J

Also covers: ACM, AOS, APG +29 more

Charles Albert Dillard

Bernstein

2 questions for J

Also covers: CAT, CMI, DE +6 more

Judah Aronovitz

UBS Group AG

2 questions for J

Also covers: ACM, FLR, MLM +2 more

Kevin Wilson

Truist Securities

2 questions for J

Also covers: ACM, CGNX

Mike Dudas

Vertical Research Partners

2 questions for J

Also covers: MLM, PWR

Adam Bubes

Goldman Sachs Group, Inc.

1 question for J

Also covers: ACM, CAMP, CLH +7 more

Chad Dillard

AllianceBernstein

1 question for J

Also covers: CAT, CMI, DE +6 more

Jerry Revitch

Wells Fargo & Company

1 question for J

Natalia

Citi

1 question for J

Latest news

Recent press releases and 8-K filings for J.

Jacobs wins EPCM contract for Hut 8 River Bend AI data center

New Projects/Investments

Jacobs has been selected by Hut 8 to provide Engineering, Procurement and Construction Management (EPCM) services for its River Bend AI data center in Louisiana.
The facility is backed by a 15-year, $7.0 billion lease for 245 megawatts of IT capacity, anchoring a larger AI/high-performance computing campus.
The initial data hall is slated for completion and commissioning in Q1 2027, with further halls coming online through 2027.
This award expands Jacobs’ high-performance computing and data center portfolio alongside projects for NVIDIA, PsiQuantum and other large-scale facilities.

6 days ago

Press Release

Jacobs to acquire remaining stake in PA Consulting

M&A

On January 2, 2026, Jacobs Solutions Inc. entered into an Implementation Deed to acquire all remaining issued share capital of PA Consulting for £1.216 billion upfront, implying a £3.05 billion enterprise value.
Consideration will be paid 80% in cash and 20% in Jacobs common stock at £100.20 per share, with £75 million deferred in shares payable on the second anniversary.
The transaction is expected to close by end of Jacobs’ fiscal 2026 Q2 and be accretive to adjusted EPS within 12 months after closing.
It will be implemented via a UK Scheme of Arrangement, subject to court sanction and regulatory approvals, including UK National Security and Danish Investment Screening consents.

Jan 5, 2026, 11:02 AM

8-K

Jacobs announces acquisition of remaining PA Consulting stake

M&A

New Projects/Investments

Jacobs will acquire the remaining PA Consulting shares for upfront £1.216 billion ($1.6 billion) plus £75 million deferred consideration, valuing PA at £3.05 billion (13.0× CY2025 adj. EBITDA).
The deal will be financed 80% in cash and 20% in shares, targeting £12–15 million of cost synergies within 24 months and is expected to be accretive to adjusted EPS in the first 12 months after close.
Closing is anticipated by the end of Jacobs’ fiscal 2026 Q2, giving Jacobs full ownership of PA’s ~4,000 consultants and enhancing its advisory, transformation and AI capabilities.
Integration will bolster Jacobs’ end-to-end asset lifecycle services across high-growth sectors—advanced manufacturing, life sciences, energy and transportation—while improving margins and cross-sell potential.

Jan 5, 2026, 10:45 AM

Press Release

Jacobs discusses FY25 performance and FY26 outlook at UBS conference

Guidance Update

Share Buyback

Dividends

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.

Dec 2, 2025, 5:10 PM

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.

Dec 2, 2025, 5:10 PM

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.

Dec 2, 2025, 5:10 PM

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.