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Company file · J

Jacobs Solutions

Jacobs Solutions' revenue rose 4.6% in FY2025, to $12.0B, and net income fell 64.1% to $289M

Revenue rose 4.6% to $12.0B in FY2025, from $11.5B in FY2024. Net income fell 64.1% to $289M. Infrastructure & Advanced Facilities was the largest segment, at 89% of revenue.

Key facts

Jacobs Solutions (NYSE: J) closed fiscal 2025 on Sep 26, 2025 with revenue of $12.0B, up 4.6% from a year before; net income came to $289M, down 64.1%. Its newest quarterly report covers the three months to Jun 26, 2026: revenue of $4.1B, up 34.5% on the same stretch of the prior year, and net income of $137M. Broken down by segment, Infrastructure & Advanced Facilities led with 89% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Nov 20, 2025) and 10-Q for the quarter ended Jun 26, 2026 (filed Aug 4, 2026).

Revenue$12.0BFY2025 · +4.6% vs FY2024
Net income$289MFY2025 · −64.1% vs FY2024
Operating cash flow$687MFY2025 · −34.9% vs FY2024
Cash & equivalents$1.2Bat Jun 26, 2026 · −5.1% vs FY2025 end
Total debt$3.6Bat Jun 26, 2026 · +60.0% vs FY2025 end
Diluted shares122MFY2025 avg · −3.1% vs FY2024
Revenue and net income, three fiscal yearsBy fiscal year, $bn
RevenueNet income
Revenue and net income by fiscal yearRevenue FY2023: $10.9B10.9Net income FY2023: $666M0.67FY2023Revenue FY2024: $11.5B11.5Net income FY2024: $806M0.81FY2024Revenue FY2025: $12.0B12.0Net income FY2025: $289M0.29FY2025Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-K FY2025, filed Nov 20, 2025

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)
FY2025FY2026
Quarterly revenue, fiscal 2026 vs 2025FY2025 Q1: $2.9B2.9FY2026 Q1: $3.3B3.3Q1FY2025 Q2: $2.9B2.9FY2026 Q2: $3.7B3.7Q2FY2025 Q3: $3.0B3.0FY2026 Q3: $4.1B4.1Q3Data: Ticker Sage, from SEC EDGAR · tickersage.com

Source: 10-Q filed Feb 3, 2026 · 10-Q filed May 5, 2026 · 10-Q filed Aug 4, 2026

How it makes money

FY2025 total by categoryInfrastructure & Advanced Facilities: $10.8B (89%)PA Consulting: $1.3B (11%)$12.0BFY2025 totalData: Ticker Sage, from SEC EDGARtickersage.com

By segment, FY2025

  • LineAmountSharevs FY2024
  • Infrastructure & Advanced Facilities$10.8B89%+4.3%
  • PA Consulting$1.3B11%+7.5%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Infrastructure & Advanced Facilities (89%) and PA Consulting (11%), as shares of total revenue. Total revenue was $12.0B.

By segment: three-year mixShare of the total each fiscal year
Infrastructure & Advanced FacilitiesPA Consulting

Source: 10-K FY2025

By region, FY2025

United States$7.4B62%+3.3%
Europe$2.9B24%+6.8%
Middle East and Africa$596M5%+11.1%
Australia and New Zealand$573M5%+4.3%
Canada$248M2%−5.2%
India$180M1%+18.0%
Asia$145M1%+9.3%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 FY2026 (Apr to Jun 2026) compared with Q3 FY2025 (Apr to Jun 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 FY2026Q3 FY2025

Company

Revenue
$4.1B Q3 FY2026
$3.0B Q3 FY2025
34.5% increase
Net income
$137M Q3 FY2026
$180M Q3 FY2025
24.0% decrease

Source: Jacobs Solutions 10-Q for the quarter ended Jun 26, 2026, filed Aug 4, 2026

By segment

Infrastructure & Advanced Facilities
$3.7B Q3 FY2026
$2.7B Q3 FY2025
38.8% increase
PA Consulting
$330M Q3 FY2026
$333M Q3 FY2025
1.0% decrease

Source: Jacobs Solutions 10-Q for the quarter ended Jun 26, 2026, filed Aug 4, 2026

  • Cash & equivalents $1.2B at Jun 26, 2026, vs $1.2B at FY2025 end.
  • Total debt $3.6B at Jun 26, 2026, vs $2.2B at FY2025 end.
  • Operating cash flow, first 9 months of fiscal 2026: $353M vs $304M a year earlier.

The bull case and the bear case

The bull case

  • Revenue rose 4.6% in FY2025 to $12.0B, from $11.5B a year earlier. 10-K, FY2025
  • Diluted shares fell 3.1% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
  • Revenue in the quarter ended Jun 26, 2026 was $4.1B, up 34.5% on a year earlier. 10-Q, quarter ended Jun 26, 2026
  • PA Consulting revenue grew 7.5% in FY2025 to $1.3B. 10-K, FY2025

The bear case

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Jacobs Solutions is in the construction & engineering industry, part of the industrials sector. The SEC files it under Heavy Construction Other Than Bldg Const - Contractors.

Jacobs Solutions reports 2 segments: Infrastructure & Advanced Facilities and PA Consulting.

Its latest fiscal year, FY2025, ended Sep 26, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the construction & engineering industry. They are not a summary of Jacobs Solutions’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

  1. Economic cyclesDemand for equipment and services rises and falls with business investment.
  2. Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
  3. Trade and tariffsTariffs and trade policy affect costs and sales.
  4. Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
  5. Regulation and liabilitySafety, environmental and product-liability rules can raise costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$FY2023FY2024FY2025
Revenue$10.9B$11.5B$12.0B
Net income$666M$806M$289M
Operating cash flow$975M$1.1B$687M
Cash & equivalents (year end)$771M$1.1B$1.2B
Total debt (year end)$2.9B$2.2B$2.2B
Diluted shares127M126M122M
  • Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
  • Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
  • Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
  • Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
  • Total debt: The current part of long-term debt plus long-term debt, at carrying value.
  • Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

    Recent filings

    FormFiledPeriod
    10-QAug 4, 2026Jun 26, 2026
    10-QMay 5, 2026Mar 27, 2026
    10-QFeb 3, 2026Dec 26, 2025
    DEF 14ADec 18, 2025Jan 28, 2026
    10-KNov 20, 2025Sep 26, 2025

    Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

    Common questions about Jacobs Solutions

    How does Jacobs Solutions make money?

    Fiscal 2025 revenue: $12.0B. By segment in FY2025: Infrastructure & Advanced Facilities (89%) and PA Consulting (11%), as shares of total revenue. Total revenue was $12.0B. Source: 10-K for fiscal 2025, filed Nov 20, 2025.

    What was Jacobs Solutions's revenue in fiscal 2025?

    $12.0B, up 4.6% from fiscal 2024 ($11.5B). The year ended Sep 26, 2025; for fiscal 2023 the figure was $10.9B. Source: 10-K for fiscal 2025, filed Nov 20, 2025.

    Is Jacobs Solutions profitable?

    Net income was $289M in fiscal 2025 (down 64.1%; fiscal 2024 was $806M). That counts as a GAAP profit. The latest quarter, ended Jun 26, 2026: net income was $137M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Nov 20, 2025.

    What did Jacobs Solutions report in its latest quarterly filing?

    For the three months to Jun 26, 2026: revenue $4.1B (up 34.5% from $3.0B) and net income $137M (down 24.0% from $180M). Source: 10-Q for the quarter ended Jun 26, 2026, filed Aug 4, 2026.

    How much cash and debt does Jacobs Solutions have?

    As of Jun 26, 2026: $1.2B of cash and cash equivalents, $3.6B of total debt. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Aug 4, 2026.

    What are the main risks Jacobs Solutions faces?

    Jacobs Solutions's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Nov 20, 2025. Risks that are common among companies in the construction & engineering industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.

    Where do these Jacobs Solutions numbers come from?

    The 10-K filed Nov 20, 2025 (fiscal 2025) and the 10-Q filed Aug 4, 2026 (quarter ended Jun 26, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

    Tracked funds that report owning Jacobs Solutions

    From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

    Disclosures

    Editor holdings in J
    The editor holds no position in Jacobs Solutions (J). As of Nov 11, 2026.
    Trading rule
    The editor does not buy or sell J from 3 days before to 3 days after this page is published or substantively updated.
    Compensation
    Nobody paid for this page. No affiliate links on this page.
    Sources
    The company's SEC filings, linked next to each number or, for charts, in the source line under them.
    Last updated
    Nov 10, 2026

    General education, the same for every reader. Not a recommendation to buy, sell or hold J, and it doesn't consider your situation.

    Compare with peers

    CompanyFiscal yearRevenueRevenue growthNet income
    Jacobs SolutionsJFY2025$12.0B+4.6%$289M
    Quanta ServicesPWRFY2025$28.5B+20.3%$1.0B
    Comfort Systems USAFIXFY2025$9.1B+29.5%$1.0B
    EmcorEMEFY2025$17.0B+16.6%$1.3B

    Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

    More company files

    New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.