JJacobs Solutions

Industrials · Engineering & Construction · NYSE

Guided by our values and our brand promise - Challenging today. 10-K, Item 1

Employees: 43,000
Headquarters: Dallas, TX
CEO: Robert V. Pragada
Next results: around Nov 19, 2026

RevenueFY2016–25 $12.0B+4.6% FY2024: $11.5B 10-K FY2025 · XBRL Net incomeFY2016–25 $289.3M−64.1% FY2024: $806.1M 10-K FY2025 · XBRL Free cash flowFY2016–25 $607.5M−34.9% FY2024: $933.6M 10-K FY2025 · XBRL Operating marginFY2016–25 7.2%+1.2 pts 3.1% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Nov 20, 2025 against Nov 25, 2024

Area	What changed	Source
Risk factors	33 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: F-58 (“As described in Note 2 to the consolidated financial statements, the Company recognizes contract revenue over time, as performance obligations are satisfied, using the percentage-of-completion method (an input method) based primarily on contract costs incurred to date compared to total estimated con”); F-59 (“How We Addressed the Matter in Our Audit We obtained an understanding, evaluated the design, and tested the operating effectiveness of controls over the Company’s determination of the redemption value, including controls over management’s review of the significant assumptions described above.”). No longer listed: F-63; F-64. Same as last year: Revenue Recognition for Certain Fixed-Price Contracts; Redeemable Noncontrolling Interests	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	0 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Nov 20, 2025

Paragraphs in Risk Factors that were not in the 10-K filed 2024-11-25. Quoted as filed.

We also face increasing risks associated with operational technology ("OT") systems, particularly in our work supporting critical infrastructure sectors in which we operate. These risks include cyber threats targeting legacy and modernized OT environments, challenges in integrating secure digital solutions with aging infrastructure, and…
10-K, Item 1A

All 33 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: F-58 (“As described in Note 2 to the consolidated financial statements, the Company recognizes contract revenue over time, as performance obligations are satisfied, using the percentage-of-completion method (an input method) based primarily on contract costs incurred to date compared to total estimated con”); F-59 (“How We Addressed the Matter in Our Audit We obtained an understanding, evaluated the design, and tested the operating effectiveness of controls over the Company’s determination of the redemption value, including controls over management’s review of the significant assumptions described above.”). No longer listed: F-63; F-64. Same as last year: Revenue Recognition for Certain Fixed-Price Contracts; Redeemable Noncontrolling Interests
✓
Receivables +5.0% vs revenue +4.6% (+0.4 pts)
✓
Cash from operations $686.7M vs net income $289.3M (FY ending 2025-09-26)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nothing new. The most recent filings:

Sep 23, 20268-K Director or officer change (amended) 8-K item 5.02
Aug 14, 2026Officer CEO change Miller will serve as Special Advisor to the Company’s Chief Executive Officer until her departure from the Company, which will be no later than October 3, 2026.
Aug 4, 20268-K Quarterly results 8-K item 2.02
Aug 4, 202610-Q Quarterly report (10-Q) period ended Jun 26, 2026

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