Jacobs Solutions (J) financial statements
Jacobs Solutions reported revenue of $12.0B in fiscal 2025, up 1.0% a year over 9 years.
Net income was $289M and the operating margin 7.2%, against 3.1% in 2016.
Free cash flow was $607M, and the company returned $153M in dividends and $754M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Jacobs Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0B | $6.3B | $10.6B | $12.7B | $13.6B | $14.1B | $9.8B | $10.9B | $11.5B | $12.0B |
| Cost of revenue | $9.2B | $5.1B | $8.4B | $10.3B | $11.0B | $11.0B | $7.2B | $8.1B | $8.7B | $9.0B |
| Gross profit | $1.8B | $1.3B | $2.2B | $2.5B | $2.6B | $3.0B | $2.6B | $2.7B | $2.8B | $3.0B |
| Selling, general and admin | $1.4B | $1.0B | $1.8B | $2.1B | $2.1B | $2.4B | $2.0B | $2.0B | $2.1B | $2.1B |
| Operating income | $339M | $244M | $387M | $405M | $536M | $688M | $540M | $676M | $692M | $864M |
| Interest expense | $15M | $12M | $77M | $84M | $62M | $73M | $100M | $168M | $169M | $146M |
| Pre-tax income | $287M | $243M | $331M | $351M | $441M | $696M | $477M | $521M | $777M | $543M |
| Income tax | $72M | $73M | $326M | $37M | $55M | $275M | $66M | $101M | $131M | $216M |
| Net income | $210M | $294M | $163M | $848M | $492M | $477M | $644M | $666M | $806M | $289M |
| EPS (diluted) | $1.73 | $2.42 | $1.18 | $6.08 | $3.71 | $3.20 | $4.98 | $5.30 | $6.32 | $2.38 |
| Diluted shares | 121M | 120M | 138M | 139M | 133M | 131M | 129M | 127M | 126M | 122M |
| Gross margin | 16.1% | 19.9% | 20.4% | 19.4% | 19.1% | 21.6% | 26.4% | 25.0% | 24.6% | 24.8% |
| Operating margin | 3.1% | 3.9% | 3.7% | 3.2% | 4.0% | 4.9% | 5.5% | 6.2% | 6.0% | 7.2% |
| Net margin | 1.9% | 4.6% | 1.5% | 6.7% | 3.6% | 3.4% | 6.6% | 6.1% | 7.0% | 2.4% |
Balance sheet
Fiscal years, from Jacobs Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $656M | $608M | $635M | $631M | $862M | $1.0B | $1.1B | $771M | $1.1B | $1.2B |
| Receivables | $2.1B | $2.1B | $2.5B | $2.8B | $3.2B | $3.1B | $3.4B | $2.4B | $2.8B | $3.0B |
| Total current assets | $2.9B | $3.0B | $4.6B | $4.1B | $4.5B | $4.3B | $4.7B | $4.7B | $4.9B | $4.4B |
| Property, plant and equipment | $320M | $350M | $258M | $308M | $319M | $353M | $347M | $280M | $316M | $312M |
| Goodwill | $3.1B | $3.0B | $4.8B | $5.4B | $5.6B | $7.2B | $7.2B | $4.6B | $4.8B | $4.8B |
| Total assets | $7.4B | $7.4B | $12.6B | $11.5B | $12.4B | $14.6B | $14.7B | $14.6B | $11.8B | $11.3B |
| Total current liabilities | $1.8B | $1.9B | $3.1B | $3.1B | $2.9B | $3.2B | $3.3B | $3.4B | $4.1B | $3.4B |
| Long-term debt | $385M | $235M | $2.1B | $1.2B | $1.7B | $2.8B | $3.4B | $2.8B | $1.3B | $2.2B |
| Total liabilities | $3.0B | $2.9B | $6.7B | $5.7B | $6.5B | $8.7B | $8.6B | $8.0B | $7.2B | $7.6B |
| Shareholders' equity | $4.3B | $4.4B | $5.9B | $5.7B | $5.8B | $5.9B | $6.1B | $6.5B | $4.5B | $3.6B |
| Net debt | -$270M | -$373M | $1.5B | $570M | $815M | $1.9B | $2.3B | $2.1B | $1.1B | $1.0B |
Cash flow
Fiscal years, from Jacobs Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $680M | $575M | $481M | -$366M | $807M | $726M | $475M | $975M | $1.1B | $687M |
| Capital spending | $68M | $118M | $95M | $136M | $118M | $93M | $128M | $137M | $121M | $79M |
| Free cash flow | $612M | $457M | $386M | -$502M | $689M | $633M | $347M | $837M | $934M | $607M |
| Stock-based compensation | $32M | $39M | $79M | $69M | $48M | $56M | $53M | $74M | $74M | $61M |
| Dividends paid | $6M | $59M | $87M | $106M | $144M | $156M | $116M | $128M | $143M | $153M |
| Share buybacks (net) | -$153M | -$97M | -$3M | -$854M | -$337M | -$275M | -$282M | -$266M | -$403M | -$754M |
| Net borrowing | -$191M | -$153M | $1.2B | -$1.2B | $465M | $1.2B | $725M | -$626M | $1.2B | $986M |
| Free cash flow margin | 5.6% | 7.2% | 3.7% | -3.9% | 5.1% | 4.5% | 3.5% | 7.7% | 8.1% | 5.0% |
| Dividends per share | $0.05 | $0.49 | $0.63 | $0.76 | $1.08 | $1.19 | $0.90 | $1.01 | $1.13 | $1.26 |
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Open J in InvestinglyQuestions
What was Jacobs Solutions's revenue in 2025?
$12.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Jacobs Solutions generate?
$607M in fiscal 2025 (operating cash flow minus capital spending).
From Jacobs Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.