JACOBS SOLUTIONS INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data JACOBS SOLUTIONS INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	10,964	10,023	14,985	12,738	13,567	14,093	9,783	10,851	11,501	12,030
Cost of revenue	9,196	5,070	8,421	10,261	10,980	11,049	7,203	8,141	8,668	9,045
Gross profit	1,768	1,260	2,159	2,477	2,587	3,044	2,580	2,711	2,833	2,985
Selling, general and administrative	1,429	1,016	1,771	2,072	2,051	2,356	2,040	2,034	2,140	2,121
Operating income	339	244	387	405	536	688	540	676	692	864
Interest expense	15.3	12	76.8	83.9	62.2	72.7	100	168	169	146
Interest income	7.85	8.75	8.98	9.49	4.73	3.5	4.3	25	34.5	35.8
Other non-operating income	-51.9	-0.99	-56.5	-53.9	-94.8	7.51	-62.4	-156	84.9	-320
Pre-tax income	287	243	331	351	441	696	477	521	777	543
Income tax	72.2	73.1	326	37	55.3	275	66.3	101	131	216
Income from continuing operations		170	-4.19	291	354	467	354	379	613	313
Net income to minority interests	4.05	-6.35	9.71	25.2	32	39.2	36.8	32.3	31.6	3.44
Net income	210	294	163	848	492	477	644	666	806	289
EBITDA	421	321	505	495	627	789	642	780	792	946
EPS, basic	1.75	2.43	1.18	6.14	3.74	3.22	5.01	5.32	6.35	2.39
EPS, diluted	1.73	2.42	1.18	6.08	3.71	3.20	4.98	5.30	6.32	2.38
Shares, basic (weighted)	120	119	138	138	132	130	129	127	125	121
Shares, diluted (weighted)	121	120	138	139	133	131	129	127	126	122
Dividend per share			0.19	0.19	0.19			0.26

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	656	608	635	631	862	1,014	1,140	771	1,145	1,235
Receivables	2,116	2,103	2,514	2,840	3,167	3,101	3,405	2,431	2,845	2,989
Other current assets	93.1	119	171	189	162	176	176	141	156	135
Total current assets	2,864	2,996	4,557	4,112	4,540	4,292	4,722	4,690	4,896	4,359
Property, plant and equipment	320	350	258	308	319	353	347	280	316	312
Lease right-of-use assets				0	577	650	477	325	304	289
Goodwill	3,080	3,010	4,796	5,433	5,639	7,197	7,185	4,644	4,788	4,781
Intangible assets	337	333	573	665	658	1,566	1,394	951	875	718
Other non-current assets	4,176	4,035	7,831	7,043	7,495	9,988	9,592	9,647	6,548	6,581
Total assets	7,360	7,381	12,646	11,463	12,354	14,633	14,660	14,617	11,759	11,253
Accounts payable	522	684	776	1,073	1,062	908	967	922	1,029	1,261
Accrued liabilities	938	940	1,167	1,387	1,250	1,534	1,442	975	1,088	1,038
Short-term debt					0	53.5	50.4	51.8	870	0
Total current liabilities	1,783	1,926	3,146	3,074	2,942	3,210	3,251	3,423	4,080	3,351
Long-term debt	385	235	2,144	1,201	1,677	2,840	3,357	2,813	1,349	2,236
Lease liabilities				0	735	758	607	466	408	362
Total liabilities	3,030	2,894	6,701	5,694	6,499	8,658	8,556	8,017	7,192	7,605
Total debt	385	235	2,144	1,201	1,677	2,893	3,408	2,865	2,219	2,236
Paid-in capital	1,168	1,240	2,709	2,559	2,598	2,590	2,682	2,735	2,758	2,706
Retained earnings	3,587	3,722	3,810	3,939	4,021	4,016	4,226	4,543	2,367	1,526
Other comprehensive income	-611	-654	-807	-917	-933	-794	-975	-858	-699	-710
Shareholders' equity	4,265	4,428	5,854	5,715	5,816	5,940	6,060	6,546	4,549	3,641
Minority interests	64.9	59	90	54	40	34.8	44.3	53.9	17.8	7.1
Total equity	4,330	4,487	5,944	5,769	5,856	5,975	6,104	6,600	4,567	3,648
Total liabilities and equity	7,360	7,381	12,646	11,463	12,354	14,633	14,660	14,617	11,759	11,253
Shares outstanding	121	120	142	133	130	129	127	126	124	119

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	215	287	173	873	524	431	715	720	853	304
Depreciation and amortization	82.4	76.4	118	90.2	91.1	101	102	103	99.2	82.1
Stock-based compensation	32.4	38.8	79.2	69.1	48.2	56.2	53.4	74.3	74.2	61
Deferred income tax	-27.4	33.6	256	-52.4	55.8	114	106	-71.5	-119	-98.8
Change in receivables	397	75.4	-429	-67.9	-108	242	-268	-8.4	59.6	-178
Change in payables	-44.2	154	183	295	-92.8	-166	87.4	166	81.5	231
Cash from operations	680	575	481	-366	807	726	475	975	1,055	687
Capital expenditures	-67.7	-118	-94.9	-136	-118	-92.8	-128	-137	-121	-79.2
Acquisitions	-49.9	-150	-1,488	-575
Purchases of investments	-3.4
Cash from investing	-140	-236	-1,578	2,152	-429	-1,381	-538	-146	-127	-75.3
Debt issued	1,650	1,694	5,784	2,782	2,987	4,445	3,146	3,860	4,607	2,458
Debt repaid	-1,841	-1,847	-4,572	-3,997	-2,521	-3,217	-2,420	-4,487	-3,370	-1,472
Stock issued	43.1	62.6	53.6	65	37.2	38.1	51	47.8	47.5	34.7
Share buybacks	-153	-97.2	-2.98	-854	-337	-275	-282	-266	-403	-754
Dividends paid	-5.86	-58.8	-86.6	-106	-97.9	-107	-116	-128	-143	-153
Cash from financing	-317	-243	1,142	-1,969	-208	799	320	-1,086	-752	-525
Exchange rate effect	-28.7	22.3	-26.8	20.8	61.9	19.6	-129	32.5	41.6	3.69
Net change in cash	195	118	19.2	-162	231	164	128	-225	217	89.9
Free cash flow	612	457	386	-502	689	633	347	837	934	607
Interest paid	13.3	12.9	68.5	81.6	58.3	54.9	88	208	201	147
Income taxes paid	116	78.4	44.3	292	39.8	75.6	114	204

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 26, 2026; growth uses fiscal years. Valuation uses the share price of $138.37 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	22.1%	Gross profit / revenue.
Operating margin	4.6%	Operating income / revenue.
EBITDA margin	5.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	3.6%	Pre-tax income / revenue.
Net margin	2.4%	Net income / revenue.
FCF margin	4.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	5.2%	Cash from operations / revenue.
Effective tax rate	36.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.9%	Net income / average total assets.
Return on invested capital (ROIC)	7.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	17.5%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.6%	Capital expenditures / revenue.
D&A / revenue	0.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-2.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	5.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	5.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	2.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	24.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	17.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	10.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	19.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	13.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	8.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-64.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-23.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-10.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-62.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-21.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-8.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-34.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	13.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-3.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-34.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	20.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-2.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-20.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-15.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-8.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-4.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-8.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-3.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.29x	Current assets / current liabilities.
Quick ratio	1.25x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.30x	(Cash + short-term investments) / current liabilities.
Debt / equity	1.10x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	30.5%	Total debt / total assets.
Liabilities / assets	72.3%	Total liabilities / total assets.
Net debt	$2.41B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	3.26x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	3.93x	Operating income / interest expense.
Working capital	$1.14B	Current assets - current liabilities.
Goodwill and intangibles / assets	45.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$2.10B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.21x	Revenue / average total assets.
Fixed asset turnover	45.6x	Revenue / average property, plant and equipment.
Receivables turnover	3.78x	Revenue / average receivables.
Days sales outstanding	97 days	365 x average receivables / revenue.
Days payables	59 days	365 x average accounts payable / cost of revenue.
FCF conversion	190.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	12.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.85	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$119.59	Revenue / diluted weighted shares.
FCF per share	$5.42	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.19	Cash from operations / diluted weighted shares.
Book value per share	$27.87	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$17.90	Tangible book value / shares outstanding.
Cash per share	$10.01	(Cash + short-term investments) / shares outstanding.
Payout ratio	47.8%	Dividends paid / net income, when net income is positive.
Dividends / FCF	25.1%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	110.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$16.19B	Share price x shares outstanding.
Enterprise value	$18.60B	Market cap + total debt - cash - short-term investments.
P/E	47.9x	Market cap / net income. Only when net income is positive.
P/S	1.14x	Market cap / revenue.
P/B	4.96x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	25.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	22.0x	Market cap / cash from operations, when positive.
EV/Sales	1.31x	Enterprise value / revenue.
EV/EBIT	28.6x	Enterprise value / operating income, when both are positive.
EV/EBITDA	25.2x	Enterprise value / EBITDA, when both are positive.
EV/FCF	28.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.0%	Free cash flow / market cap.
Earnings yield	2.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	5.4%	(Dividends paid + share buybacks) / market cap.

What was JACOBS SOLUTIONS INC.'s revenue in fiscal 2025?

JACOBS SOLUTIONS INC. reported revenue of $12.03B for fiscal 2025, 4.6% higher than the year before.

Was JACOBS SOLUTIONS INC. profitable in fiscal 2025?

Yes. Net income was $289.3M, a net margin of 2.4%.

How much free cash flow did JACOBS SOLUTIONS INC. generate in fiscal 2025?

Cash from operations of $686.7M minus capital expenditures of $79.2M left free cash flow of $607.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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