Jacobs Solutions
J on NYSE. Jacobs sells engineering and consulting services to governments and businesses. Market value $16.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $3.97 of spare cash in the past 12 months. A savings account pays about $4.
You pay 28.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 7 cents a year. Above 10 is good.
Quality score: 57 of 100. Price score: 36 of 100. Our list needs 70 on quality and 60 on price.
$138.67 a share, 31% above its 1-year low
Over the past year the price has ranged from $105.68 to $168.44.
Dividend: 0.9% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $14.1bn | $9.8bn | $10.9bn | $11.5bn | $12.0bn |
| Operating margin | |||||
| Operating margin | 4.9% | 5.5% | 6.2% | 6.0% | 7.2% |
| Debt to equity | |||||
| Debt to equity | 0.49 | 0.56 | 0.44 | 0.49 | 0.61 |
| Shares outstanding | |||||
| Shares outstanding | 0.13bn | 0.13bn | 0.12bn | 0.12bn | 0.12bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)8 of 9
- Profit backed by cash (accruals)Yes
- Debt0.61× equity
- Revenue growth, five yearsShrinking, 2.4% a year
- Buying back its own sharesYes, 8% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $4.1 billion last quarter, up 34% on a year ago.
- Profit: $137 million, down 24% on a year ago.
- It keeps 5 cents of each $1 of sales as operating profit, down from 7 cents a year earlier.
- Spare cash over the past 12 months: $645 million, up from $412 million.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $2.4 billion more than cash, up from $1.2 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3.0bn |
| December 2024 | $2.9bn |
| March 2025 | $2.9bn |
| June 2025 | $3.0bn |
| September 2025 | $3.2bn |
| December 2025 | $3.3bn |
| March 2026 | $3.7bn |
| June 2026 | $4.1bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $325m |
| December 2024 | -$18m |
| March 2025 | $6m |
| June 2025 | $180m |
| September 2025 | $122m |
| December 2025 | $126m |
| March 2026 | -$46m |
| June 2026 | $137m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 19 November 2026
- Last annual report (10-K)
- 20 November 2025
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 868 funds in all.
- Gotham Asset ManagementJoel Greenblatt
- Value
- $34m
- Share of fund
- <0.1%
- First Manhattan Co.First Manhattan partners
- Value
- $2m
- Share of fund
- <0.1%
- Ruane Cunniff & Goldfarb (Sequoia Fund)John Harris
- Value
- $786,744
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $340m | 0.3% | Added |
| Gotham Asset ManagementJoel Greenblatt | $34m | <0.1% | |
| GMOJeremy Grantham | $8m | <0.1% | Added |
| First Manhattan Co.First Manhattan partners | $2m | <0.1% | |
| Ruane Cunniff & Goldfarb (Sequoia Fund)John Harris | $786,744 | <0.1% |
Largest holders overall
- BlackRock$1.4bnAdded
- Vanguard Capital Management$972m
- State Street$931m
- Vanguard Portfolio Management$598m
- Primecap Management$575m
- Invesco$425mAdded
- Geode Capital Management$418mAdded
- Morgan Stanley$400m
- Ninety One UK$357mCut
- Boston Partners$340mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- BlackRock, Inc.Passive investor7.7%Since 31 December 2025
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 7.7% | 31 December 2025 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 4 insiders bought $813,528 of shares on the open market. 2 sold $3m.
- Hill PatrickPRESIDENTSold
- Date
- 7 August 2026
- Shares
- 17,201
- Price
- $144.10
- Value
- $2m
- PRAGADA ROBERT VChair & CEO, DirectorBought
- Date
- 15 May 2026
- Shares
- 3,601
- Price
- $111.09
- Value
- $400,035
- Fernandez Manuel JDirectorBought
- Date
- 13 May 2026
- Shares
- 253
- Price
- $112.56
- Value
- $28,478
- Fernandez Manuel JDirectorBought
- Date
- 8 May 2026
- Shares
- 403
- Price
- $121.93
- Value
- $49,138
- Miller ShannonPresidentSold
- Date
- 6 March 2026
- Shares
- 1,440
- Price
- $134.13
- Value
- $193,147
- Nathamuni VenkateshChief Financial OfficerBought
- Date
- 24 November 2025
- Shares
- 750
- Price
- $135.11
- Value
- $101,333
- Fernandez Manuel JDirectorBought
- Date
- 24 November 2025
- Shares
- 763
- Price
- $130.78
- Value
- $99,785
- ROBERTSON PETER JDirectorBought
- Date
- 24 November 2025
- Shares
- 1,000
- Price
- $134.76
- Value
- $134,760
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 7 August 2026 | Hill Patrick PRESIDENT | Sold | 17,201 | $144.10 | $2m |
| 15 May 2026 | PRAGADA ROBERT V Chair & CEO, Director | Bought | 3,601 | $111.09 | $400,035 |
| 13 May 2026 | Fernandez Manuel J Director | Bought | 253 | $112.56 | $28,478 |
| 8 May 2026 | Fernandez Manuel J Director | Bought | 403 | $121.93 | $49,138 |
| 6 March 2026 | Miller Shannon President | Sold | 1,440 | $134.13 | $193,147 |
| 24 November 2025 | Nathamuni Venkatesh Chief Financial Officer | Bought | 750 | $135.11 | $101,333 |
| 24 November 2025 | Fernandez Manuel J Director | Bought | 763 | $130.78 | $99,785 |
| 24 November 2025 | ROBERTSON PETER J Director | Bought | 1,000 | $134.76 | $134,760 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Nov 2025, plus the 10-Q filed 4 Aug 2026 and 10 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 2.4% a year.
- It isn't cheap on profits: 28.7× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.