JACOBS SOLUTIONS INC.
$158.23
−0.46 (−0.29%) · delayed · Nov 13, 2026
Five-year price
52w $105.68 to $162.00
- Market cap
- $18.5B
- Enterprise value
- $19.5B
- P/E
- 66.5×
- 33.9× on 3y avg EPS
- EV / EBIT
- 22.6×
- FCF yield
- 3.3%
- ROIC
- 12.1%
- Debt / equity
- 0.61
- Piotroski F
- 7/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- ○ROIC > 12% (5y avg)5y avg ROIC 8.0%
- ○ROE > 15% (5y avg)5y avg ROE 10.9%
- ●Stable operating marginsMargin volatility 0.8% (σ, 5y)
- ●Earnings convert to cashFCF / net income 128% (5y avg)
- ○Growing revenueRevenue CAGR 5y -2.4%
- ●Shrinking share countDiluted shares -8.1% over 5y
Value
0
- ○P/E below 15P/E 66.5
- ○EV/EBIT below 12EV/EBIT 22.6
- ○FCF yield above 6%FCF yield 3.3%
- ○Price below Graham NumberGraham Number $40.81
- ○P/B below 3P/B 5.1
Safety
40
- ○Debt / equity below 0.5D/E 0.61
- ●Debt payable in < 4 yrs of earningsNet debt $1.0B
- ○Interest coverage > 8xCoverage 5.9x
- ○Current ratio > 1.5Current ratio 1.30
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $12.0B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.30
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 163%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 33.9
- ○P/E × P/B ≤ 22.5Product 172.5
Valuation lab
What do you have to believe?
At $158.23, the market is pricing in about 11.9% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $1.0B · 117M shares · 5y revenue CAGR −2.4%
Intrinsic value
$49.98
Price
$158.23
Premium paid
217%
What the price implies
The market is paying for 11.9% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
48% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,964 | 10,023 | 14,985 | 12,738 | 13,567 | 14,093 | 9,783 | 10,851 | 11,501 | 12,030 |
| Gross profit | 1,768 | 1,260 | 2,159 | 2,477 | 2,587 | 3,044 | 2,580 | 2,711 | 2,833 | 2,985 |
| Operating income | 339 | 244 | 387 | 405 | 536 | 688 | 540 | 676 | 692 | 864 |
| Operating margin | 3.1% | 2.4% | 2.6% | 3.2% | 4.0% | 4.9% | 5.5% | 6.2% | 6.0% | 7.2% |
| Pre-tax income | 287 | 243 | 331 | 351 | 441 | 696 | 477 | 521 | 777 | 543 |
| Income tax | 72 | 73 | 326 | 37 | 55 | 275 | 66 | 101 | 131 | 216 |
| Net income | 210 | 294 | 163 | 848 | 492 | 477 | 644 | 666 | 806 | 289 |
| EPS (diluted) | 1.73 | 2.42 | 1.18 | 6.08 | 3.71 | 3.20 | 4.98 | 5.30 | 6.32 | 2.38 |
| Diluted shares | 121 | 120 | 138 | 139 | 133 | 131 | 129 | 127 | 126 | 122 |
Who owns it