Financial Performance - Q4 FY2025 - GAAP gross revenue reached $3.2 billion, a year-over-year increase of 6.6%, while adjusted net revenue was $2.2 billion, up 5.8% year-over-year[10] - Adjusted EBITDA stood at $324 million, reflecting a 12% increase year-over-year, with an adjusted EBITDA margin of 14.4% on adjusted net revenue[10, 14] - Adjusted EPS increased by 27.7% year-over-year to $1.75[10, 14] Financial Performance - FY2025 - GAAP gross revenue was $12.0 billion, up 4.6% year-over-year, and adjusted net revenue was $8.7 billion, up 5.3% year-over-year[10, 17] - Adjusted EBITDA reached $1.2 billion, a 13.9% increase year-over-year, resulting in an adjusted EBITDA margin of 13.9% on adjusted net revenue[10, 17] - Adjusted EPS increased by 15.9% year-over-year to $6.12[10, 17] Backlog and Book-to-Bill Ratio - The company reported a Q4 book-to-bill ratio of 1.1x and a trailing twelve-month (TTM) book-to-bill ratio of 1.1x[10] - Backlog increased from $21.8 billion in 2024 to $23.1 billion in 2025[14, 17] Segment Performance - I&AF End Market (Q4 FY2025) - Critical Infrastructure saw gross revenue of $1.2 billion and adjusted net revenue of $989 million, with year-over-year growth of 5.9% and 9.2% respectively[20] - Water & Environmental had gross revenue of $807 million and adjusted net revenue of $583 million, experiencing a decrease of 4% and 1.1% respectively[20] - Life Sciences & Advanced Manufacturing reported gross revenue of $831 million and adjusted net revenue of $352 million, with year-over-year growth of 19% and 5.3% respectively[20] FY2026 Outlook - The company projects adjusted net revenue growth of 6% to 10% year-over-year[26] - Adjusted EPS is expected to be in the range of $6.90 to $7.30[26] - Free cash flow margin is projected to be between 7% and 8%[26]

Core Viewpoint - Jacobs Solutions reported quarterly earnings of $1.75 per share, exceeding the Zacks Consensus Estimate of $1.67 per share, and showing an increase from $1.37 per share a year ago, representing an earnings surprise of +4.79% [1][2] Financial Performance - The company achieved revenues of $3.15 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.55%, and up from $2.96 billion in the same quarter last year [2] - Over the last four quarters, Jacobs Solutions has consistently surpassed consensus EPS estimates [2] Stock Performance - Jacobs Solutions shares have increased approximately 8.6% since the beginning of the year, while the S&P 500 has gained 12.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.60 on revenues of $3.16 billion, and for the current fiscal year, it is $7.00 on revenues of $12.98 billion [7] - The trend of estimate revisions for Jacobs Solutions was mixed prior to the earnings release, which may change following the recent results [6] Industry Context - The Building Products - Miscellaneous industry, to which Jacobs Solutions belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Jacobs Solutions may be influenced by the overall outlook for the industry [8]

Financial Performance - Revenues for the fiscal year ended September 26, 2025, were $12,029,783, an increase of 4.6% from $11,500,941 in the previous year[307] - Gross profit for the same period was $2,984,934, reflecting a gross margin of approximately 24.8%[307] - Operating profit increased to $863,634, up 24.7% from $692,436 in the prior year[307] - Net earnings attributable to Jacobs from continuing operations were $313,302, a decrease of 48.9% compared to $612,804 in the previous year[307] - Basic earnings per share from continuing operations were $2.59, down from $4.81 in the prior year[307] - The company recognized a direct cost of contracts totaling $9,044,849, which represents 75.2% of total revenues[307] - Miscellaneous expense for fiscal 2025 was $(189.7) million, an increase of $409.1 million compared to income of $219.5 million in the prior year, primarily due to mark-to-market losses[319] - Selling, general & administrative expenses for fiscal 2025 were $2.12 billion, a decrease of 0.9% from $2.14 billion in the prior year, impacted by a decrease in restructuring charges[316] - Income taxes increased by $84.1 million in fiscal 2025, primarily due to higher pre-tax book income[310] - Net (loss) earnings from discontinued operations for fiscal 2025 were $(24.0) million, a decrease of 112.4% from $193.3 million in the prior year[311] Segment Performance - For the year ended September 26, 2025, total revenues for the Infrastructure & Advanced Facilities segment were $10.76 billion, an increase of $0.44 billion or 4.3% from the previous year[346] - Segment operating profit for the Infrastructure & Advanced Facilities segment was $903.5 million for the year ended September 26, 2025, compared to $798.4 million in the previous year[346] - Operating profit for the I&AF segment for the year ended September 26, 2025 was $903.5 million, an increase of $105.2 million, or 13.2%, from $798.4 million for the prior year[348] - Revenues for the PA Consulting segment for the year ended September 26, 2025 were $1.27 billion, up $87.9 million, or 7.5%, from $1.18 billion for the prior year[352] - Operating profit for the PA Consulting segment for the year ended September 26, 2025 was $278.5 million, an increase of $39.2 million, or 16.4%, from $239.3 million for the prior year[353] Backlog and Future Prospects - Backlog at September 26, 2025 was $23.1 billion, up $1.2 billion from $21.8 billion in the prior year, indicating strong new prospects and sales[312] - Total backlog as of September 26, 2025 was $23.06 billion, an increase from $21.85 billion as of September 27, 2024[359] - Backlog in Infrastructure & Advanced Facilities increased to $22.65 billion as of September 26, 2025, driven by growth across various end markets[360] - Approximately $6.77 billion, or 29.3%, of total backlog at September 26, 2025 is expected to be realized as revenues within the next fiscal year[362] Cash Flow and Debt Management - Cash and cash equivalents at September 26, 2025 were $1.24 billion, an increase of $90.7 million from $1.14 billion at September 27, 2024[365] - Net cash provided by operating activities for fiscal 2025 was $686.7 million, a decrease of $368.0 million compared to $1.05 billion for the prior year[366] - Long-term debt as of September 26, 2025 increased by $887.9 million compared to September 27, 2024, primarily due to the 2025 Term Loan Facility[372] - Short-term debt decreased by $875.8 million as of September 26, 2025, primarily due to the Equity-for-Debt Transaction, which extinguished $311.5 million under the GBP 2021 Term Loan[373] - Jacobs received a cash payment of approximately $911 million from SpinCo during Q4 FY 2024, which was used to repay the outstanding short-term 2020 Term Loan Facility totaling $834.9 million[374] - The company had an aggregate of $1.15 billion in outstanding borrowings under the Revolving Credit Facility and 2025 Term Loan Facility as of September 26, 2025[391] Restructuring and Cost Management - The company incurred approximately $28.2 million, $42.0 million, and $17.5 million in pre-tax cash charges related to restructuring initiatives for the years ended September 26, 2025, September 27, 2024, and September 29, 2023, respectively[333] - Estimated gross annualized pre-tax cash savings from restructuring initiatives are projected to be between $165 million and $200 million[333] - The company recorded $58.8 million in restructuring and other charges related to the Separation Transaction for the year ended September 26, 2025[338] - The company expects to incur additional charges under the restructuring program through calendar year 2025, which will lead to further savings in future periods[333] Compliance and Risk Management - The company believes it has adequate liquidity and capital resources to fund projected cash requirements for acquisitions and financing activities for the next twelve months[379] - The company was in compliance with all of its debt covenants as of September 26, 2025[379] - If floating interest rates had increased by 1.00%, the interest expense for the year ended September 26, 2025, would have increased by approximately $12.0 million[393] - The company has $491.9 million in notional value of exchange rate sensitive instruments as of September 26, 2025, to limit exposure to fluctuating foreign currencies[394] - As of September 26, 2025, there was approximately $142.1 million of total unrecognized compensation cost related to equity-based incentive grants anticipated to vest upon a liquidity event[378] - The company is evaluating the impact of new accounting standards, including ASU 2025-05 and ASU 2025-03, which will be effective in fiscal years 2027 and 2028 respectively[383][384]

Core Insights - Jacobs Solutions Inc. reported a 6.6% year-over-year increase in gross revenue for the fiscal fourth quarter of 2025, reaching $3.2 billion, while adjusted net revenue grew by 5.8% to $2.2 billion [1][9] - The company achieved a record backlog of $23.1 billion, with a trailing twelve months (TTM) book-to-bill ratio of 1.1x, indicating strong demand for its services [1][9] - Jacobs returned a record $1.1 billion to shareholders through share repurchases and dividends during fiscal 2025, reflecting a robust balance sheet and positive cash generation outlook [1][2] Fiscal Year 2025 Financial Highlights - Total revenue for fiscal 2025 was $12.0 billion, up 4.6% from $11.5 billion in fiscal 2024, with adjusted net revenue increasing by 5.3% to $8.7 billion [7][9] - GAAP net earnings from continuing operations were $313 million, a decrease of 48.9% year-over-year, primarily due to mark-to-market losses related to the company's investment in Amentum stock [9][19] - Adjusted EPS from continuing operations rose by 15.9% to $6.12, while GAAP EPS decreased by 46.1% to $2.58 [9][19] Fourth Quarter 2025 Review - In Q4 2025, Jacobs reported revenue of $3.2 billion, a 6.6% increase from $2.96 billion in Q4 2024, with adjusted net revenue of $2.2 billion, up 5.8% [6][9] - Adjusted EBITDA for Q4 was $324 million, reflecting a 12.0% increase year-over-year [9] - The effective tax rate from continuing operations was 28.6%, up from 18.9% in the previous year [6] Financial Outlook for Fiscal 2026 - The company anticipates adjusted net revenue growth of 6% to 10% for fiscal 2026, with adjusted EBITDA margin expected to range from 14.4% to 14.7% [3] - Adjusted EPS is projected to be between $6.90 and $7.30, and free cash flow margin is expected to be between 7.0% and 8.0% [3] Strategic Commentary - Jacobs' CEO highlighted strong performance across key sectors such as Life Sciences, Data Center, Water, Energy & Power, and Transportation, which are expected to drive growth in fiscal 2026 and beyond [2] - The CFO noted that the company exceeded its margin expansion targets and plans to continue returning capital to shareholders, supported by a strong balance sheet and cash generation outlook [2]

Core Insights - Jacobs Solutions Inc. reported a 6.6% year-over-year increase in gross revenue for the fiscal fourth quarter of 2025, reaching $3.2 billion, while adjusted net revenue grew by 5.8% to $2.2 billion [1][9] - The company achieved a record backlog of $23.1 billion, with a trailing twelve months (TTM) book-to-bill ratio of 1.1x, indicating strong demand for its services [1][9] - Jacobs returned a record $1.1 billion to shareholders through share repurchases and dividends during fiscal 2025 [1][2] Fiscal Fourth Quarter 2025 Financial Highlights - Revenue for Q4 2025 was $3,154,644, compared to $2,960,150 in Q4 2024, reflecting a change of $194,494 [6] - Adjusted net revenue for Q4 2025 was $2,242,246, up from $2,118,930 in Q4 2024, an increase of $123,316 [6] - GAAP net earnings from continuing operations were $138,036, a decrease of 55.4% year-over-year, primarily due to mark-to-market losses related to Amentum stock [9] - Adjusted EPS from continuing operations increased by 27.7% to $1.75, compared to $1.37 in the previous year [9] Fiscal Year 2025 Financial Highlights - Total revenue for fiscal 2025 was $12,029,783, up from $11,500,941 in fiscal 2024, marking an increase of $528,842 [7] - Adjusted net revenue for fiscal 2025 was $8,694,965, compared to $8,259,301 in fiscal 2024, an increase of $435,664 [7] - GAAP net earnings from continuing operations were $313,302, down 48.9% year-over-year, impacted by mark-to-market losses [9] - Adjusted EPS from continuing operations rose by 15.9% to $6.12, compared to $5.28 in the previous year [9] Financial Outlook for Fiscal 2026 - The company anticipates adjusted net revenue growth of 6% to 10% over fiscal 2025, with adjusted EBITDA margin expected to range from 14.4% to 14.7% [3] - Adjusted EPS is projected to be between $6.90 and $7.30, with free cash flow margin expected to range from 7.0% to 8.0% [3] Strategic Commentary - Jacobs' CEO highlighted that the company met or exceeded all key metrics for FY25, driven by growth in sectors such as Life Sciences, Data Center, Water, Energy & Power, and Transportation [2] - The CFO noted that the company is starting FY26 with a record backlog and expects continued growth in revenue, margins, EPS, and free cash flow [2]

Financial Performance - Gross revenue for Q4 2025 was $3.2 billion, up 6.6% year-over-year; adjusted net revenue was $2.2 billion, up 5.8% year-over-year[10]. - Fiscal year 2025 gross revenue reached $12.0 billion, an increase of 4.6% year-over-year; adjusted net revenue was $8.7 billion, up 5.3% year-over-year[10]. - Adjusted EPS for Q4 2025 was $1.75, a 27.7% increase year-over-year; GAAP EPS decreased to $1.05, down 55.9% year-over-year[10]. - Revenues for the three months ended September 26, 2025, increased to $3,154,644, up 6.6% from $2,960,150 for the same period in 2024[17]. - Gross profit for the three months ended September 26, 2025, was $766,912, representing a 4.3% increase from $735,121 in the prior year[17]. - Operating profit for the three months ended September 26, 2025, rose to $211,554, compared to $196,205 for the same period in 2024, marking an increase of 7.0%[17]. - Adjusted net revenue for the three months ended September 26, 2025, was $2,242,246, up from $2,118,930 in the same period of 2024, reflecting a growth of 5.8%[18]. - For the year ended September 26, 2025, total revenues reached $12,029,783, an increase from $11,500,941 in the previous year[17]. - Adjusted EBITDA for Q4 2025 was $324 million, reflecting a 12.0% year-over-year increase[10]. - Adjusted EBITDA for the year ended September 26, 2025, was $1,206,543 thousand, up from $1,059,269 thousand in 2024, reflecting a growth of 13.9%[57]. Shareholder Returns - The company returned a record $1.1 billion to shareholders through repurchases and dividends in fiscal 2025[4]. - Free Cash Flow for the three months ended September 26, 2025, was $353,508 thousand, compared to $158,190 thousand for the same period in 2024, indicating a significant increase of 123.5%[59]. - Adjusted Diluted Net Earnings from Continuing Operations Per Share for the year ended September 26, 2025, was $6.12, compared to $5.28 in 2024, reflecting an increase of 15.9%[49]. Backlog and Growth - The backlog reached a record $23.1 billion, representing a 5.6% year-over-year increase; the Q4 book-to-bill ratio was 1.1x[10]. - Total backlog increased to $23,064 million in September 2025 from $21,850 million in September 2024, reflecting a growth of approximately 5.5%[28]. - Jacobs expects to maintain strong growth in key sectors such as Life Sciences, Data Center, Water, Energy & Power, and Transportation in fiscal 2026 and beyond[7]. Expenses and Charges - The company incurred $11.7 million in restructuring and other charges related to the Separation Transaction during the three months ended September 26, 2025[19]. - The company incurred restructuring, transaction, and other charges totaling $13,659 thousand for the three months ended September 26, 2025, compared to $7,234 thousand for the same period in 2024[40]. - The company incurred $9,823 thousand in restructuring, integration, separation, and other charges for the three months ended September 26, 2025, compared to $22,077 thousand in the same period in 2024[46]. Earnings and Taxation - The effective tax rate for GAAP net earnings from continuing operations was 39.7% in fiscal 2025, up from 16.9% in fiscal 2024[11]. - Adjusted earnings from continuing operations before taxes for the three months ended September 26, 2025, were $189,404 thousand, compared to $393,606 thousand for the same period in 2024, reflecting a decrease of 52%[40]. - Adjusted income tax expense from continuing operations for the year ended September 26, 2025, was $(268,885) thousand, compared to $(176,821) thousand for the year ended September 27, 2024[43]. - The adjusted effective tax rate from continuing operations for the three months ended September 26, 2025, was 22.7%, compared to 27.5% for the same period in 2024[43]. Cash Flow and Assets - Net cash provided by operating activities increased to $383,085 thousand for the three months ended September 26, 2025, compared to $196,532 thousand for the same period in 2024, representing a growth of 95%[27]. - Net cash provided by operating activities for the year ended September 26, 2025, was $686,704 thousand, down from $1,054,673 thousand in 2024, a decrease of 34.8%[59]. - The company reported a net cash used for investing activities of $28,900 thousand for the three months ended September 26, 2025, compared to $32,236 thousand for the same period in 2024, indicating a decrease of about 10.4%[27]. - The company experienced a net cash used for financing activities of $399,052 thousand for the three months ended September 26, 2025, compared to $259,070 thousand for the same period in 2024, an increase of about 54%[27]. - Total current assets decreased to $4,359,319 thousand in September 2025 from $4,895,580 thousand in September 2024, a decline of approximately 11%[26]. - The company’s total stockholders' equity decreased to $3,640,807 thousand in September 2025 from $4,549,467 thousand in September 2024, a decline of approximately 20%[26]. - Long-term debt rose significantly to $2,236,456 thousand in September 2025 from $1,348,594 thousand in September 2024, an increase of about 65.8%[26]. Earnings Per Share - Basic earnings per share for the three months ended September 26, 2025, were $0.93, down from $2.52 in the same period of 2024[17]. - Diluted Net Earnings from Continuing Operations Per Share for the three months ended September 26, 2025, was $1.05, down from $2.38 in the same period of 2024, a decrease of 55.8%[49]. - Basic net earnings from continuing operations per share for the three months ended September 26, 2025, were $1.06, down from $2.39 in the same period of 2024, a decline of 55.7%[61]. - Net earnings allocated to common stock for EPS calculation for the year ended September 26, 2025, were $290,248 thousand, down from $795,819 thousand in 2024, a decline of 63.5%[61]. - Basic earnings per share for the year ended September 26, 2025, were $2.39, compared to $6.35 in 2024, a decrease of 62.4%[61].

Core Insights - Jacobs Solutions Inc. is set to release its fourth-quarter earnings results on November 20, with analysts expecting earnings of $1.68 per share, an increase from $1.37 per share in the same period last year [1] - The consensus estimate for Jacobs Solutions' quarterly revenue is $3.14 billion, compared to $2.96 billion in the previous year [1] Company Developments - On November 18, Jacobs announced the appointment of Diane Bryant to its Board of Directors [2] - Following the announcement, shares of Jacobs Solutions fell by 3.8%, closing at $145.05 [2] Analyst Ratings - Citigroup analyst Andrew Kaplowitz maintained a Buy rating and increased the price target from $169 to $185 [4] - Keybanc analyst Sangita Jain maintained an Overweight rating and raised the price target from $157 to $170 [4] - Truist Securities analyst Jamie Cook maintained a Hold rating and raised the price target from $148 to $163 [4] - UBS analyst Steven Fisher maintained a Buy rating and increased the price target from $152 to $166 [4] - RBC Capital analyst Sabahat Khan maintained an Outperform rating and raised the price target from $152 to $154 [4]

Core Insights - Jacobs Solutions Inc. is a global technical professional services firm with a market cap of approximately $18.1 billion, providing services in engineering, architecture, construction, consulting, and scientific fields across various sectors [1] Stock Performance - Over the past 52 weeks, Jacobs Solutions' shares have increased by 7.4%, underperforming the S&P 500 Index, which rose by 12.3% [2] - Year-to-date, the stock has gained 12.8%, slightly outperforming the benchmark's 12.5% increase [2] - In the industrials sector, Jacobs Solutions has also lagged behind the S&P 500 Industrial Sector SPDR, which saw a 7.9% rise over the past year and a 13.7% increase year-to-date [3] Strategic Focus and Growth Plan - The company is gaining traction in 2025 due to a bullish investor sentiment stemming from its strategic focus [4] - Jacobs Solutions has introduced a multi-year "Challenge Accepted" growth plan, targeting high-growth markets such as water & environment, life sciences, advanced manufacturing, and critical infrastructure [4] - Analysts forecast a 14.6% annual growth in EPS for fiscal 2025, projecting it to reach $6.05 on a diluted basis [5] Analyst Ratings - The consensus rating among 15 analysts covering Jacobs Solutions stands at "Moderate Buy," consisting of eight "Strong Buy" ratings, two "Moderate Buys," and five "Hold" recommendations [6] - This rating configuration is slightly less bullish compared to the previous month, which had nine "Strong Buy" ratings [7] - KeyBanc recently raised its price target for Jacobs Solutions from $157 to $170, maintaining an "Overweight" rating due to the company's strong momentum and strategic positioning in key infrastructure markets [7]

Accessibility StatementSkip Navigation Project positions Illinois as a leading hub for quantum technology Award builds on Jacobs' global support for quantum computing leader DALLAS, Nov. 19, 2025 /PRNewswire/ --Â Jacobs (NYSE: J) was selected by PsiQuantum, a global leader in quantum computing, as the Owner's Representative for its new quantum computing facility at the Illinois Quantum and Microelectronics Park in Chicago, delivering end-to-end support across design and construction. The Chicago project bro ...

Core Insights - Jacobs has appointed Diane Bryant to its Board of Directors, effective immediately, highlighting the company's commitment to innovation and technology integration [1][3]. Company Overview - Jacobs is a leading provider of end-to-end services with approximately $12 billion in annual revenue and a workforce of nearly 45,000 [4]. Leadership Experience - Diane Bryant brings over three decades of leadership experience in the global semiconductor industry, cloud computing, artificial intelligence, and technology-based healthcare solutions [2]. - She has held senior executive roles at major technology companies, including Intel Corporation, Alphabet, and Novasignal Corporation, showcasing her expertise in advanced computing technologies [2]. Strategic Focus - The appointment of Diane Bryant reinforces Jacobs' strategic focus on innovation, digital transformation, and technology integration across key market sectors such as critical infrastructure, energy transition, advanced manufacturing, and life sciences [3]. - Jacobs aims to leverage technology to create smarter, more sustainable solutions for its global clients [3].