Jacobs Solutions Inc.
- Open
- 131.36
- Day high
- 135.16
- Day low
- 130.90
- Prev close
- 132.31
- Volume
- 1.0M
- Mkt cap
- $15.6B
- P/E (TTM)
- 40.4
- EPS (TTM)
- $3.26
- P/B
- 4.7
- P/S
- 1.2
- Yield
- 1.03%
- Per share
- $1.36
- ▲Insiders net buying $478K over the last 3 months (3 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
Jacobs Solutions Inc. (J) is a Technology company listed on NYSE. The stock is down 5% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 0 sales (SEC Form 4).
Jacobs Solutions Inc. (J) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
J earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.64 | $1.75 | +6.7% | $2.3B | +2.2% |
| Feb 3, 2026 | $1.52 | $1.53 | +0.7% | $3.3B | +2.4% |
| Nov 20, 2025 | $1.68 | $1.75 | +4.2% | $3.2B | +0.3% |
| Feb 4, 2025 | $1.29 | $1.33 | +3.1% | $2.9B | -2.2% |
| Nov 19, 2024 | $1.54 | $1.37 | -11.0% | $1.2B | -74.2% |
| Nov 21, 2023 | $2.02 | $1.90 | -5.9% | $4.3B | +1.8% |
| Feb 7, 2023 | $1.61 | $1.67 | +3.7% | $3.8B | +4.9% |
| Nov 21, 2022 | $1.77 | $1.80 | +1.7% | $3.9B | +0.7% |
| May 3, 2022 | $1.70 | $1.72 | +1.2% | $3.8B | +2.1% |
| Feb 8, 2022 | $1.60 | $1.56 | -2.5% | $3.4B | -6.6% |
| Nov 23, 2021 | $1.49 | $1.58 | +6.0% | $3.6B | +2.1% |
| Aug 3, 2021 | $1.48 | $1.64 | +10.8% | $3.6B | -1.8% |
J insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | Kachhela Jitenofficer: President | Grant | 8,337 | $119.96 |
| Jun 5, 2026 | Nathamuni Venkateshofficer: Chief Financial Officer | Tax | 1,803 | $121.28 |
| May 22, 2026 | Lim Cheryl H.J.officer: Chief Human Resources Officer | Grant | 1,585 | $113.61 |
| May 18, 2026 | PRAGADA ROBERT Vdirector, officer: Chair & CEO | Buy | 3,601 | $111.09 |
| May 14, 2026 | Fernandez Manuel Jdirector | Buy | 253 | $112.56 |
| May 12, 2026 | Fernandez Manuel Jdirector | Buy | 403 | $121.93 |
| Mar 10, 2026 | Miller Shannonofficer: President | Sell | 1,440 | $134.13 |
| Feb 2, 2026 | MCNAMARA ROBERT Adirector | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Kiser Georgette D.director | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Collins Michaeldirector | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Bryant Diane Mdirector | Grant | 1,636 | $136.29 |
| Feb 2, 2026 | SLOAT JULIA Adirector | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Pinkham Louis V.director | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Abani Priyadirector | Grant | 1,468 | $136.29 |
| Feb 2, 2026 | Jackson Mary M.director | Grant | 1,468 | $136.29 |
Source: J SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full J insider & 13F page →Jacobs Solutions Inc. company profile
Overview
Jacobs Engineering Group Inc. (NYSE:J) is a Dallas-based global professional services firm founded in 1947 that provides consulting, technical, scientific, and project delivery services to government and private sector clients worldwide. Originally established as an engineering consultancy, the company has evolved over its 77-year history into a diversified solutions provider operating across multiple continents. In 2024, Jacobs completed a significant strategic transformation by spinning off its Critical Mission Solutions and Cyber & Intelligence businesses, allowing the company to focus on its core infrastructure, advanced facilities, and consulting operations. Today, Jacobs operates as a leaner organization concentrated on high-value engineering and consulting services across water infrastructure, life sciences, transportation, and environmental sectors.
Business
Jacobs operates in the professional services and engineering consulting industry, providing specialized technical expertise to help clients design, build, and maintain critical infrastructure and facilities. The company's work spans the entire project lifecycle from initial planning and design through construction management and ongoing operations support. The company now operates through two primary business segments following its 2024 restructuring. The Infrastructure and Advanced Facilities (IAF) segment represents the majority of operations and includes three main divisions: Water and Environmental Services (focused on water treatment, environmental remediation, and sustainability projects), Life Sciences and Advanced Manufacturing (serving pharmaceutical, biotechnology, and high-tech manufacturing clients), and Critical Infrastructure (covering transportation, power, and telecommunications projects). This segment generates approximately 70-75% of total revenue. The PA Consulting segment, acquired to strengthen the company's consulting capabilities, provides management consulting, digital transformation, and innovation services primarily to government and enterprise clients in the UK and broader European markets. This higher-margin business contributes roughly 25-30% of revenue and focuses on strategic advisory work, digital solutions, and organizational transformation projects. Jacobs serves as an intermediary between complex technical challenges and practical solutions, employing scientists, engineers, and consultants who translate client needs into actionable project plans. The company's expertise spans water infrastructure (designing treatment plants and distribution systems), life sciences facilities (creating specialized laboratories and manufacturing facilities for pharmaceutical companies), transportation networks (planning and designing roads, railways, and airports), and environmental remediation (cleaning up contaminated sites and implementing sustainability measures).
Revenue model
Jacobs generates revenue primarily through professional services fees charged on a time-and-materials basis, fixed-fee project contracts, and long-term program management agreements. The company's clients include government agencies (federal, state, and local), private corporations in regulated industries like pharmaceuticals and utilities, and infrastructure owners requiring specialized technical expertise. The business model centers on deploying highly skilled technical professionals to solve complex engineering and scientific challenges. Revenue is typically recognized as services are performed, with project durations ranging from several months for consulting engagements to multiple years for large infrastructure programs. The company maintains a substantial backlog of contracted work, providing revenue visibility and stability. Key factors that influence profitability include employee utilization rates (the percentage of billable hours for technical staff), project mix (higher-margin consulting versus lower-margin construction management), and operational efficiency in global service delivery. The company benefits from recurring revenue streams through multi-year program management contracts and ongoing operations and maintenance agreements. Margin expansion opportunities arise from several factors: increasing the proportion of high-value consulting and advisory work, improving utilization rates through better resource allocation, leveraging digital tools and automation to enhance productivity, and optimizing the global delivery model by utilizing lower-cost technical resources in international locations. Conversely, margins face pressure from competitive bidding environments, project delays or scope changes, foreign exchange fluctuations for international operations, and the need to continuously invest in new technologies and capabilities to remain competitive. The company's focus on mission-critical infrastructure and specialized technical services provides some insulation from economic cycles, as water treatment, environmental compliance, and life sciences investments tend to be less discretionary than other capital expenditures.
Competitive moat
Jacobs' competitive moat is moderately strong but not insurmountable, built primarily on specialized technical expertise, long-standing client relationships, and regulatory knowledge rather than traditional economic moats like network effects or switching costs. The company's strongest defensive position lies in highly specialized niches where deep technical knowledge and regulatory experience create barriers to entry. In water infrastructure and environmental services, Jacobs benefits from decades of experience with complex regulatory frameworks and proven track records with government agencies. These relationships and demonstrated capabilities make it difficult for new entrants to compete for large, mission-critical projects. Similarly, in life sciences facility design, the company's understanding of FDA regulations and pharmaceutical manufacturing requirements provides competitive advantages. However, the professional services industry is inherently competitive with relatively low barriers to entry for smaller, specialized competitors. Large consulting firms like McKinsey, Bain, and Accenture compete in the strategic consulting space, while engineering firms like AECOM, WSP, and Stantec compete directly in infrastructure services. The company's moat is further challenged by the project-based nature of the business, where clients regularly rebid contracts and evaluate alternative providers. The acquisition of PA Consulting strengthened Jacobs' position in higher-margin management consulting, but this market is highly competitive with established players possessing strong brand recognition and client relationships. Technology disruption also poses a long-term threat, as artificial intelligence and automation could potentially reduce demand for certain types of technical services. Jacobs' best defense lies in maintaining technical excellence, deepening client relationships through superior project execution, and continuously expanding capabilities in high-growth, specialized areas where expertise and experience matter most. The company's global scale and diverse portfolio provide some resilience, but sustained competitive advantage requires ongoing investment in talent and technology.
Risks & safety
Jacobs demonstrates a moderate margin of safety with manageable financial risks but some concerns around cash flow volatility and valuation metrics. **Financial Stability:** - Cash position of $1.2 billion provides adequate liquidity buffer - Current ratio of 1.50 indicates sufficient short-term liquidity coverage - Debt-to-equity ratio of 0.81 represents moderate leverage levels - Negative free cash flow of $114 million in recent quarter raises concerns about cash generation consistency - Strong backlog of $22.2 billion provides revenue visibility over multiple years **Valuation Metrics:** - EV/EBITDA of 27.2x appears elevated for a professional services company - Price-to-book ratio of 3.8x reflects premium valuation - Recent separation transaction and one-time costs distort traditional metrics - Historical P/E ratios in high teens to low twenties suggest current metrics may normalize **Other Considerations:** - Professional services model provides operational flexibility with variable cost structure - Diversified client base reduces concentration risk - Exposure to government spending and infrastructure investment provides some stability - Working capital intensity typical of project-based business creates cash flow timing challenges
Recent development
Over the past few years, Jacobs has undergone a significant strategic transformation focused on becoming a higher-margin, solutions-oriented professional services company. The most significant development was the 2024 completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence businesses, which were merged with Amentum in a transaction that generated $911 million in proceeds for Jacobs while retaining a 7.5-8% equity stake. This divestiture allowed Jacobs to concentrate on its core Infrastructure and Advanced Facilities operations and the higher-margin PA Consulting business. The company has strategically positioned itself to capitalize on several macro trends, including global water infrastructure investment, life sciences facility expansion driven by innovations like GLP-1 therapies, semiconductor manufacturing growth supported by the CHIPS Act, and the proliferation of AI data centers requiring specialized design expertise. Jacobs has also been investing heavily in digital capabilities and automation to improve operational efficiency and service delivery. The company has expanded its global delivery model, leveraging technical resources in lower-cost international locations while maintaining client-facing operations in key markets. Recent wins include major infrastructure projects like the River Torrens to Darlington project in South Australia valued at $15.4 billion and the BusConnects Dublin program. The company has maintained strong capital allocation discipline, returning $628 million to shareholders through share repurchases and dividends while investing in organic growth opportunities. Management has expressed confidence in achieving mid-to-high single-digit revenue growth and margin expansion through improved utilization rates and a favorable shift toward higher-value consulting and advisory services.
J company profile · for informational purposes only — not investment advice.
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