33 paragraphs in Risk Factors of the 10-K filed Nov 20, 2025
with nothing like them in the 10-K filed Nov 25, 2024. Quoted exactly.
Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 81 Industrials companies:
a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it.
A paragraph most of them have is marked boilerplate. No line means no other company has one like it.
This counts text; it does not say how serious a risk is.
•International trade issues, including tariffs and counter tariffs, may have a negative impact on our business.
Similar paragraph at 2 of 81 other Industrials companies:
ALLE,
ETN
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 the growing attack surface introduced by IoT ("internet of things") and IIoT ("industrial internet of things") devices. Additionally, we must navigate evolving regulatory requirements and ensure operational continuity in the face of potential system disruptions.
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difficulties in anticipating and implementing adequate preventative measures or mitigating harms after such an attack. In addition, laws, regulations, government guidance, and industry standards and practices in the United States and elsewhere are rapidly evolving to combat these threats. We may face increased compliance burdens regarding such requirements with regulators and also incur additional costs for oversight and monitoring of our own systems.
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We are also subject to data sovereignty requirements imposed by the U.S. government, other sovereign governments, and, in some cases, by clients through specific contractual provisions. These requirements restrict how and where data is stored, processed, and accessed, particularly in relation to sensitive or classified information. Compliance with these requirements often necessitates localized infrastructure, specialized data handling protocols, and enhanced cybersecurity controls. Failure to comply with these requirements could result in contractual penalties, reputational harm, or the loss of current and future business opportunities with affected clients, all of which could have a material adverse effect on our business, financial condition and results of operations.
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•Reputational harm may arise from a variety of sources, including, but not limited to:
•Project performance issues, such as schedule delays, work stoppages, cost overruns or failure to meet project specifications or professional standards;
•Health, safety, or security incidents at work sites involving our employees, contractors, subcontractors, clients or others;
•Cybersecurity or data protection failures, including breaches of confidential or proprietary information;
•Compliance lapses, including those related to domestic and foreign government laws, regulations and policies;
•Environmental incidents, such as the contamination of, or damage to, natural resources or the environment, caused by us or our contractors, subcontractors, agents or partners;
•Changing and evolving values and perceptions regarding climate change and sustainability, including any perceived shortcomings in our climate- or sustainability-related practices or policies;
•Engagements in or perceived connections to politically or socially sensitive activities;
•Misconduct, fraud or other improper conduct or other acts resulting in reputational damage by our employees, contractors, subcontractors, agents, partners or anyone performing on behalf of the company; and
•Disputes with our partners or clients or negative outcomes of pending or future claims and litigation.
The speed and reach of digital communications and social media increase the likelihood that negative information, whether accurate or not, could spread quickly and be difficult to remediate. Damage to our reputation may affect customer and government agency decisions in awarding contracts, as many of our public-sector and large private-sector customers place high importance on past performance, safety records, and community impact. Reputational harm may also negatively influence employee morale, talent retention, and recruitment, while increasing regulatory oversight and/or compliance costs, or result in more restrictive contract terms. In addition, a loss of investor, lender, or community confidence could increase our cost of capital, limit our access to future business opportunities and diminish shareholder value. Any such reputational damage, whether arising from a single event or a series of issues, could materially and adversely affect our business, financial condition, and results of operations.
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As part of our broader digital transformation strategy, we are integrating artificial intelligence machine learning, data science and similar technologies (collectively, “AI”) to improve operational efficiency, enhance service delivery, and support data-driven decision-making across our core markets, including advisory services, infrastructure, environmental services, and defense. AI is being leveraged to optimize project workflows, automate repetitive tasks, and strengthen predictive analytics. These capabilities are expected to contribute to long-term value creation and competitive differentiation. However, the adoption of AI also introduces new regulatory compliance and cybersecurity considerations, including increased exposure to data breaches, adversarial attacks on AI models, and vulnerabilities in third-party AI platforms. While we believe that we have implemented robust cybersecurity controls, including threat detection, secure model development practices, and governance frameworks to responsibly and securely deploy AI technologies, we cannot be certain that such efforts will be successful.
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•Unexpected changes in foreign government policies, regulatory requirements and procurement practices, including policies adopted by countries that may champion or otherwise favor domestic companies and technologies over foreign competitors;
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political and economic unpredictability globally, and may increase the volatility of global financial markets and the global and regional economies.
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6 more
International trade issues, including tariffs and counter tariffs, if continued, may have a negative impact on our business generally.
Similar paragraph at 1 of 81 other Industrials companies:
ETNOver the past year, there have been notable developments in international trade from the imposition of tariffs and counter tariffs in the United States, and in other countries in which we or our customers and suppliers operate. Increases in protectionist measures such as tariffs or import or export licensing requirements, whether imposed by the United States or such other countries, may adversely impact our business by causing a slowdown in global trade and a decrease in government or corporate spending.
These measures may also have the effect of heightening many of the other risks applicable to our business, including risks relating to:
•the impact of inflation and high interest rates and/or construction costs, particularly on any fixed-price contract, which we may not be able to fully mitigate,
•our failure to meet performance requirements or contractual schedules, including as a result of supply chain disruptions,
•our international operations, including risks of facing backlash from potential customers as a result of being headquartered in the United States, and
While tariffs on goods and other trade measures have not yet had a significant impact on our business or results of operations, we are monitoring and evaluating any potential impacts that the imposition of tariffs and other trade measures may have on our business, and implementing ways in which we, or our clients, may mitigate the potential impact of such tariffs and other trade measures on our business and future demand for our services by our clients. There is no assurance that we will be successful in mitigating such impacts. Additionally, we cannot fully predict the further developments that could have a material adverse impact on our business, financial condition and results of operations.
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•Potentially insufficient profit generation to offset liabilities assumed and expenses associated with the acquired business or strategic investment;
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•Potential post-closing financial arrangements, such as purchase price adjustments, earn-out obligations and indemnification obligations, which may have unpredictable results and include post-closing restrictions that may impact the Company's ability to integrate an acquired business or pursue growth opportunities;
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In addition, we may periodically divest or plan to divest businesses, including businesses that are no longer a part of our ongoing strategic plan. Divesting businesses involves risks and uncertainties, such as the difficulty separating assets related to such businesses from the businesses we retain, employee distraction, and the need to obtain regulatory approvals and other third-party consents, which could potentially disrupt customer and vendor relationships. These Divestitures may require a significant investment of our time and resources and may disrupt our business, distract our management from other responsibilities and may result in losses on disposal or continued financial involvement in the divested business, including through indemnification, guarantee or other financial arrangements, for a period of time following the divestment, which could adversely affect our business, financial condition or results of operations. When we determine that we would like to divest a business, we may not be able to divest that business on attractive terms or at all. Because of these challenges, as well as market conditions or other factors, anticipated divestitures may take longer or be costlier or generate fewer benefits than expected and may not be completed at all. If we are unable to complete the divestitures or to successfully transition divested businesses, our business and financial results could be negatively impacted.
Similar paragraph at 1 of 81 other Industrials companies:
LDOS
Our business operations are subject to various and changing federal, state, local and foreign laws and regulations that could result in costs or sanctions that adversely affect our business and results of operations.
Evolving regulatory and disclosure standards around sustainability objectives and reporting could impose additional compliance obligations on us that could adversely impact our business and results of operations. We seek to comply with applicable international and domestic regulations and client demands regarding public disclosure of our sustainability practices. As new laws, regulations and similar initiatives and programs continue to be adopted and implemented, we will be required to comply with such laws or regulations or potentially face negative consequences, such as market access limitations, enforcement actions, civil suits or sanctions and fines. If new laws or regulations are more stringent than current legal or regulatory requirements, we may experience increased compliance burdens and costs to meet such obligations. At the same time, an increasing number of regulators, lawmakers and other stakeholders have expressed or pursued contrary views, legislation and investment expectations with respect to sustainability-related ambitions and disclosures, including the enactment or proposal of “anti-ESG” legislation, regulation or policies, which may expose us to additional legal, financial or reputational risks based on our ambitions and disclosures.
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various reporting standards within the timelines expected by stakeholders or at all, could also result in similar negative impacts.
Public statements with respect to sustainability and corporate responsibility-related matters also are becoming increasingly subject to heightened scrutiny from public and governmental authorities for being misleading or overstating certain capabilities or commitments (e.g. "greenwashing" or "AI-washing"). We are aware that non-governmental organizations and other private actors have filed lawsuits against companies under various securities and consumer protection laws alleging that certain statements, goals or standards made by issuers were misleading, false or otherwise deceptive, including those related to sustainability, corporate responsibility and use of emerging technologies. An inability to implement our policies and practices related to sustainability and corporate responsibility and maintain compliance with laws and regulations, or a perception among stakeholders that our sustainability and corporate responsibility disclosures and goals are insufficient, that our goals are unattainable or that there is a misalignment between our stated commitments and our actual practices, could harm our reputation and competitive position and negatively impact our business and results of operations.
Similar paragraph at 1 of 81 other Industrials companies:
WMWe also provide information to our investors on our practices, policies and other matters related to sustainability and corporate responsibility and submit such information to organizations that evaluate companies on their approach to such matters. If we receive unfavorable ratings from these organizations, or if we fail to submit information to such organizations regarding our practices and policies, it may result in negative reactions from our investors, clients and/or other stakeholders, the diversion of investment or other projects to other companies, and difficulty in hiring skilled employees, which could materially and adversely affect our business, financial condition and results of operations.
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New in the latest 10-Q
6 paragraphs in the 10-Q filed Aug 4, 2026 with nothing like
them in the 10-Q filed May 5, 2026 (at least half the words must differ; new numbers alone do not count).
Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Net (decrease) increase in Cash and Cash Equivalents and Restricted Cash (47,839) 149,049
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Three Months Ended Nine Months Ended June 26, 2026 June 27, 2025 June 26, 2026 June 27, 2025 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Numerator for Basic and Diluted EPS: Net Earnings Attributable to Jacobs from Continuing Operations $ 137,359 $ 181,234 $ 219,319 $ 175,266 Redeemable Noncontrolling interests redemption value adjustment (See Note 15- PA Consulting Redeemable Noncontrolling Interests) — 6,605 13,480 12,417 Net Earnings from continuing operations allocated to common stock for EPS calculation $ 137,359 $ 187,839 $ 232,799 $ 187,683 Net Loss from discontinued operations allocated to common stock for EPS calculation $ (806) $ (1,629) $ (3,142) $ (8,180) Net Earnings allocated to common stock for EPS calculation $ 136,553 $ 186,210 $ 229,657 $ 179,503 Denominator for Basic and Diluted EPS: Shares used for calculating basic EPS attributable to common stock 117,745 120,084 117,867 122,132 Effect of dilutive securities: Stock compensation plans 1,153 407 619 450 Shares used for calculating diluted EPS attributable to common stock 118,898 120,491 118,486 122,582 Net Earnings Per Share: Basic Net Earnings from Continuing Operations Per Share $ 1.17 $ 1.56 $ 1.98 $ 1.54 Basic Net Loss from Discontinuing Operations Per Share $ (0.01) $ (0.01) $ (0.03) $ (0.07) Basic Earnings Per Share $ 1.16 $ 1.55 $ 1.95 $ 1.47 Diluted Net Earnings from Continuing Operations Per Share $ 1.16 $ 1.56 $ 1.96 $ 1.53 Diluted Loss from Discontinuing Operations Per Share $ (0.01) $ (0.01) $ (0.03) $ (0.07) Diluted Earnings Per Share $ 1.15 $ 1.55 $ 1.94 $ 1.46 Note: Per share amounts may not add due to rounding.
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(1) Cumulative amount includes internal personnel dedicated to integration initiatives and incentives and other personnel charges resulting from the PA Consulting Transaction and the Separation Transaction.
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Together we transform advanced manufacturing and life sciences facilities, reimagine transportation networks, secure water and energy systems, and shape the environments where people live and work. By combining strategic advisory, digital innovation and delivery expertise, we help clients solve today's most urgent challenges while preparing for tomorrow's opportunities.
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As global challenges, including urbanization, infrastructure modernization, digital transformation and environmental resilience, intensify, we bring together strategy, innovation and delivery across our end markets to help clients solve increasingly complex challenges. This connected approach enables scalable execution, enhances resilience and helps clients adapt to evolving needs.
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Net (decrease) increase in Cash and Cash Equivalents and Restricted Cash (47,839) 149,049
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Aug 4, 2026 against Item 1A of the 10-K filed Nov 20, 2025.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Added10-Q 2026-08-04 vs 10-K 2025-11-20
Please refer to Item 1A- Risk Factors in our 2025 Form 10-K, which is incorporated herein by reference, for a discussion of some of the factors that have affected our business, financial condition, and results of operations in the past and which could affect us in the future. There have been no material changes to those risk factors, except for the information disclosed elsewhere in this Quarterly Report on Form 10-Q that provides factual updates to those risk factors. Before making an investment decision with respect to our common stock, you should carefully consider those risk factors, as well as the financial and business disclosures contained in this Quarterly Report on Form 10-Q and our other current and periodic reports filed with the SEC.
Read it in the 10-Q at sec.gov ↗
