Jacobs Solutions Inc. (J)

Industrials · Construction & Engineering · US stock · S&P 500 component

$146.26 ▲ +3.77 (2.65%)

At close 22 Oct 2026 · USD · Volume 854,960

Compare with PWR

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$139 −5.3% to fair value

$69fair band $118–$168$208

Day's range

$142.10 – $146.69

52-week range

$105.68 – $168.44

About Jacobs Solutions Inc.

Jacobs provides professional services in engineering, design, consulting and project delivery. It works on infrastructure, water, transportation and advanced facilities for industries such as semiconductors and life sciences. Clients are national and local governments, utilities and private-sector companies. The business operates through units covering infrastructure and advanced facilities, and people and places solutions.

Jacobs is paid fees for its professional services under cost-plus, time-and-materials and fixed-price contracts. Revenue is $14.2 billion over the last twelve months, with growth of 7.1% a year across three years. The operating margin is 4.6%, and the business earns a profit of 8% on the capital invested in it. It carries net debt of 3.3 times EBITDA, and the dividend yield is 1.0%. On the site's X-Ray Score it receives 42 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $105.68 – $168.44Volume 854,960Daily, split-adjusted

Vitals

Market cap$17.4B

52-week range$105.68 – $168.44

Volume (last day)854,960

P/E (TTM)51.5

EBIT / EV yield3.3%

Free-cash-flow yield3.7%

Dividend yield1.0%

Revenue (TTM)$14.2B

Net income (TTM)$338M

Operating margin4.6%

Return on capital8.0%

Debt incl. leases$3.6B

Cash & securities$1.2B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$139middle half of models $115 – $167

Fair −5.3% to fair value

Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $146

Undervalued < $118Fair $118 – $168Overvalued > $168

P/E multiple

$138

P/B multiple

$115

P/S multiple

$188

EV/EBITDA multiple

$167

EV/EBIT multiple

$156

EV/revenue multiple

$178

10-year DCF, EBITDA exit

$156

5-year DCF, EBITDA exit

$166

10-year DCF, revenue exit

$156

5-year DCF, revenue exit

$170

10-year DCF, growth exit

$63

5-year DCF, growth exit · not used

$56

Dividend discount, stable · not used

$46

Dividend discount, multi-stage

$69

Earnings power value

$80

Growth the price implies

27.5%/yr

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 35 The price is not above fair value $139 fair value Debt looks manageable 3.3× EBITDA Revenue has been growing 7.1% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

42/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield3.3%

Free-cash-flow yield3.7%

Fair value vs price0.9×

Growth Fair

53/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)7.1%

EPS growth (3y)-21.8%

Growth consistency100%

Profitability Weak

39/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital8.0%

Operating margin4.6%

Gross profitability26.7%

Financial health Weak

31/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score7 / 9

Net debt / EBITDA3.3×

Interest cover3.9×

Dividends Weak

46/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield1.0%

Dividends vs free cash flow26%

Dividend growth9.7%

Quarterly results: last 6 quarters

+2.2%

Mar '25

+5.1%

Jun '25

+6.6%

Sep '25

+12.3%

Dec '25

+27.0%

Mar '26

+34.5%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $4.1B, diluted EPS $1.15.

Compare with peers

EME EMCOR Group, Inc.69 FIX Comfort Systems Usa In...52 PWR Quanta Services, Inc.45

Other Construction & Engineering companies by X-Ray Score.

SWOT analysis: Jacobs Solutions Inc.

Strengthsinside the company

Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.

Weaknessesinside the company

Return on invested capital of 8.0% is well below the 30.1% median of industry peers.
Operating margin of 4.6% is thin against 10.4% for industry peers.
Earnings per share have declined 21.8% a year over three years.
Altman Z-score of 1.7 is in the zone linked with financial distress in past studies.

Opportunitiesvaluation and setting

Price momentum is strong on the weekly and monthly signals (trends can reverse).

Threatsvaluation and setting

Trades at 51.4x earnings, 63% above the 31.4x median of industry peers, so the price already assumes better results.
Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare J with peers and sector

Medians of 3 Construction & Engineering peers and of 80 Industrials stocks in our universe. Largest peers (X-Ray Score): PWR 45, FIX 52, EME 69.

Metric	J	Peers	Sector
X-Ray Score (out of 100)	42	52	51
Valuation	42	26	48
Growth	53	88	50
Profitability	39	53	51
Financial health	31	70	49
Dividends	46	62	53

Sector leaders: highest X-Ray Score in Industrials

J ranks #66 of 81 in Industrials and #4 of 4 in Construction & Engineering by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 GD General Dynamics Corp	70
#2 EME EMCOR Group, Inc.	69
#3 PAYX Paychex Inc	69
#4 LDOS Leidos Holdings, Inc.	67
#5 SNA Snap-on Inc	66
…
#66 J Jacobs Solutions Inc. (this stock)	42

Metric	J	Peers	Sector
P/E ratio	51.4x	31.4x	28.5x
PEG ratio	–	0.51	2.36
Price / book	5.3x	8.7x	6.3x
Price / sales	1.2x	2.6x	3.6x
EV / EBITDA	26.8x	44.2x	18.3x
Price / free cash flow	27.0x	25.1x	25.3x
Dividend yield	1.0%	0.2%	1.3%
Gap to our fair value	−5.3%	−9.7%	−8.9%

Metric	J	Peers	Sector
Price change, 1 month	+2.2%	−14.0%	+2.5%
Price change, 3 months	+12.4%	−14.1%	−3.6%
Price change, 6 months	+15.3%	−23.1%	−1.4%
Price change, 1 year	−6.3%	+34.1%	+11.9%

Metric	J	Peers	Sector
Market value	$17.4B	$45.1B	$47.6B
Revenue (last 12 months)	$14.2B	$18.6B	$15.1B
EBITDA (last 12 months)	$737M	$1.9B	$2.5B
Net income (last 12 months)	$338M	$1.4B	$1.5B
Free cash flow (last 12 months)	$645M	$2.2B	$1.7B

Metric	J	Peers	Sector
Revenue growth, last year	+4.6%	+16.6%	+4.5%
Revenue growth, 3 years a year	+7.1%	+15.3%	+5.6%
EPS growth, 3 years a year	−21.8%	+51.5%	+5.7%
Free cash flow growth, 3 years a year	+20.5%	+38.4%	+14.4%
Dividend growth	+9.7%	+18.3%	+6.8%

Metric	J	Peers	Sector
Gross margin	22.1%	19.4%	38.1%
EBITDA margin	5.2%	10.4%	20.4%
Operating margin	4.6%	10.4%	17.5%
Net margin	2.4%	7.7%	12.8%
Return on invested capital	8.0%	30.1%	15.0%
Return on equity	10.4%	35.3%	23.8%

Metric	J	Peers	Sector
Net debt / EBITDA	3.3x	–	1.8x
Interest cover	3.9x	50.0x	21.8x
Current ratio	1.3x	1.2x	1.2x
Piotroski F-score (0 to 9)	7	7	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for J

Each factor is rated by where J stands among the 81 Industrials stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 4 Good · 6 Average · 12 Bad of 22 Growth: 0 · 2 · 1 Profitability: 0 · 0 · 5 Financial strength: 1 · 1 · 2 Valuation: 1 · 2 · 2 Cash flow: 2 · 1 · 1 Efficiency: 0 · 0 · 1

Factor	J	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+7.1%	Average beats 62%	+5.6%	–	–
Revenue growth, last year	+4.6%	Average beats 52%	+4.5%	+4.6%	≈ In line
EPS growth, 3 years a year	−21.8%	Bad beats 3%	+5.7%	–	–
Profitability
Gross margin	22.1%	Bad beats 14%	38.0%	24.8%	▼ Worse
Operating margin	4.6%	Bad beats 4%	17.5%	6.0%	▼ Worse
Net margin	2.4%	Bad beats 4%	12.8%	6.1%	▼ Worse
Return on invested capital	8.0%	Bad beats 9%	14.9%	–	–
Return on equity	10.4%	Bad beats 15%	23.7%	10.2%	≈ In line
Financial strength
Net debt / EBITDA	3.3x	Bad beats 6%	1.8x	2.4x	▼ Worse
Interest cover	3.9x	Bad beats 7%	21.4x	5.4x	▼ Worse
Current ratio	1.29	Average beats 56%	1.25	1.34	≈ In line
Piotroski F-score	7 / 9	Good beats 68%	6 / 9	–	–
Valuation
P/E ratio	51.4x	Bad beats 8%	28.9x	21.6x	▼ Worse
Price / book	5.3x	Average beats 58%	6.2x	2.5x	▼ Worse
Price / sales	1.2x	Good beats 86%	3.5x	1.3x	≈ In line
EV / EBITDA	26.8x	Bad beats 15%	18.5x	21.1x	▼ Worse
Free cash flow yield	3.7%	Average beats 41%	3.8%	4.3%	≈ In line
Cash flow
Free cash flow margin	4.5%	Bad beats 8%	13.8%	5.0%	≈ In line
Cash from operations / net income	2.17	Good beats 87%	1.39	1.46	▲ Better
Free cash flow growth, 3 years a year	+20.5%	Good beats 68%	+14.5%	–	–
Accruals (lower is better)	−3.4%	Average beats 53%	−3.2%	–	–
Efficiency
Days sales outstanding	97 days	Bad beats 8%	57 days	90 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 3 Good · ● 6 Average · ● 7 Bad

Cash quality

Earnings backed by cashAverage

Free-cash-flow yieldAverage

Risk models

Altman Z''Bad

Piotroski F-ScoreGood

Growth

EPS growth (3y)Bad

Free-cash-flow growth (3y)Good

Revenue growth (3y)Average

Growth consistencyGood

Balance sheet

Current ratioAverage

Net debt / EBITDABad

Interest coverBad

Valuation

Fair value vs priceAverage

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginBad

Gross profitabilityAverage

Each check is graded against the company's sector, not a fixed number. Checklist score 38/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$14.1B	$9.8B	$10.9B	$11.5B	$12.0B
Operating income	$688M	$540M	$676M	$692M	$864M
Net income	$477M	$644M	$666M	$806M	$289M
Operating cash flow	$726M	$475M	$975M	$1.1B	$687M
Operating margin	4.9%	5.5%	6.2%	6.0%	7.2%
Free cash flow	$633M	$347M	$837M	$934M	$607M
Diluted EPS	$3.20	$4.98	$5.30	$6.32	$2.38

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bullish

12 bullish · 1 neutral · 3 bearish

Weekly

Strongly bullish

11 bullish · 1 neutral · 0 bearish

Monthly

Strongly bullish

6 bullish · 1 neutral · 1 bearish

Moving averages (daily)

SMA 10	141.3	Bullish
EMA 10	141.5	Bullish
SMA 20	139.6	Bullish
EMA 20	141.0	Bullish
SMA 50	143.1	Bullish
EMA 50	140.4	Bullish
SMA 100	136.4	Bullish
EMA 100	137.8	Bullish
SMA 200	133.0	Bullish
EMA 200	135.6	Bullish

Oscillators (daily)

RSI (14)	61.53	Neutral
MACD (12, 26)	0.27	Bullish
Momentum (12)	5.05	Bullish
Stochastic %K (14)	96.43	Bearish
Williams %R (14)	-3.57	Bearish
CCI (20)	226.2	Bearish

Pivot points (classic, last session)

138.8

140.4

143.3

Pivot

145.0

147.9

149.6

152.5

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

1.40 USD

Yield on today's price

0.96%

Frequency

Quarterly

Next ex-dividend date

Not announced

Ex-dividend date	Amount per share
21 Aug 2026	0.3600
22 May 2026	0.3600
20 Feb 2026	0.3600
2 Dec 2025	0.3200
22 Aug 2025	0.3200
23 May 2025	0.3200
21 Feb 2025	0.3200
25 Oct 2024	0.2900
26 Jul 2024	0.2900
23 May 2024	0.2900
22 Feb 2024	0.2900
26 Oct 2023	0.2600

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold J

ETF	Share of the fund
PHO Invesco Water Resources	3.35%
RSPN Invesco S&P 500 Equal Weight Industria...	1.31%
EMLP First Trust North American Energy Infr...	1.06%
PAVE Global X U.S. Infrastructure Developme...	0.76%
IFRA iShares U.S. Infrastructure	0.52%
NULV Nuveen ESG Large-Cap Value	0.45%
FVD First Trust Value Line Dividend Index	0.41%
VBR Vanguard Small-Cap Value	0.32%

The eight funds with the largest weight in J among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.