Industrials · Construction & Engineering · US stock · price as of 22 Oct 2026
Key indicators
Price
$146.26
52-week range
$105.68 – $168.44
Market cap
$17.4B
P/E (trailing)
51.5×
EV / EBITDA
26.9×
Free-cash-flow yield
3.7%
Dividend yield
1.0%
Revenue (last 12 months)
$14.2B
Revenue growth (3y a year)
7.1%
Operating margin
4.6%
Return on invested capital
8.0%
Net debt / EBITDA
3.3×
Fair value
Fair value (average of valid models)$138.55 middle half of models $115 – $167
Versus priceFair−5% to fair value
P/E multiple
$137.51
P/B multiple
$114.73
P/S multiple
$188.39
EV/EBITDA multiple
$166.53
EV/EBIT multiple
$155.76
EV/revenue multiple
$177.98
10-year DCF, EBITDA exit
$155.86
5-year DCF, EBITDA exit
$166.27
10-year DCF, revenue exit
$155.99
5-year DCF, revenue exit
$169.82
10-year DCF, growth exit
$63.25
Dividend discount, multi-stage
$69.08
Earnings power value
$80.01
Model uncertainty
High
X-Ray Score
42/ 100 · High confidence · ahead of 19% of sector peers
Valuation42
Growth53
Profitability39
Financial health31
Dividends46
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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%.
StocksXray gives Jacobs Solutions Inc. an X-Ray Score of 42 out of 100 (high confidence), ahead of 19% of the S&P 500 stocks in its sector. Its strongest lens is growth (53) and its weakest is financial health (31).
Our fair value (the average of the valid models) is $138.55 (range $114.73 to $166.53). At $146.26 the stock trades 6% above that value, so the label is "Fair" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Jacobs Solutions Inc. (J)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$106.65
$86.71
$109.80
$126.12
$146.30
$146.26
Market cap
$14.0B
$11.2B
$14.0B
$15.9B
$17.8B
$17.4B
P/E
33.3×
17.4×
20.7×
20.0×
61.5×
51.5×
EV / revenue
1.1×
1.4×
1.5×
1.5×
1.6×
1.4×
EV / EBITDA
20.2×
21.1×
20.7×
21.4×
19.9×
26.8×
Price / free cash flow
22.1×
32.3×
16.7×
17.0×
29.4×
27.0×
Free-cash-flow yield
4.5%
3.1%
6.0%
5.9%
3.4%
3.7%
Price / book
2.4×
1.9×
2.1×
3.5×
4.9×
5.3×
Dividend yield
–
–
0.24%
–
–
0.96%
Fundamentals checklist ● 3 Good · ● 6 Average · ● 7 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.4%Average
Free-cash-flow yield3.7%Average
Risk models
Altman Z score1.7×Bad
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−21.8%Bad
Free-cash-flow growth (3y)20.5%Good
Revenue growth (3y)7.1%Average
Growth consistency100%Good
Balance sheet
Current ratio1.3×Average
Net debt / EBITDA3.3×Bad
Interest cover3.9×Bad
Valuation
Fair value vs price0.9×Average
EBIT / EV yield3.3%Bad
Profitability
Return on invested capital8.0%Bad
Operating margin4.6%Bad
Gross profitability26.7%Average
XStocksXray
Jacobs Solutions Inc. (J)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
14,093
9,783
10,851
11,501
12,030
14,219
Gross profit
3,044
2,580
2,711
2,833
2,985
3,138
Operating income
688
540
676
692
864
650
Net income
477
644
666
806
289
338
Diluted EPS ($)
3.20
4.98
5.30
6.32
2.38
2.84
Free cash flow
633
347
837
934
607
645
Gross margin
21.6%
26.4%
25.0%
24.6%
24.8%
22.1%
Operating margin
4.9%
5.5%
6.2%
6.0%
7.2%
4.6%
Net margin
3.4%
6.6%
6.1%
7.0%
2.4%
2.4%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
14,633
14,660
14,617
11,759
11,253
11,744
Cash
1,014
1,140
771
1,145
1,235
1,173
Total debt
2,947
3,408
2,865
2,219
2,236
3,579
Equity
5,940
6,060
6,546
4,549
3,641
3,264
Dividend per share ($)
–
–
0.26
–
–
1.36
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
