Screener / SEC EDGAR /CIK 0000052988 /10-K filed Nov 20, 2025, compared with Nov 25, 2024 /Numbers from the XBRL of the 10-Ks
Industrials peers:
NYSE Industrials · Engineering & Construction

Jacobs Solutions J

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
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $12.0B through the costs to a net profit of $289.3M · income statement of the 10-K

7% operating margin
Revenue to Gross profit: $3.0BRevenue to Cost of revenue: $9.0BGross profit to Operating profit: $863.6MGross profit to Operating expenses: $2.1BOperating profit to Net profit: $289.3MOperating profit to Tax & other: $574.3M Revenue: $12.0B REVENUE $12.0B +5% Y/Y Gross profit: $3.0B · 25% margin GROSS PROFIT $3.0B 25% margin · +5% Y/Y Cost of revenue: $9.0B · 75% of revenue COST OF REVENUE $9.0B 75% of revenue Operating profit: $863.6M · 7% margin OPERATING PROFIT $863.6M 7% margin · +25% Y/Y Operating expenses: $2.1B · 18% of revenue OPERATING EXPENSES $2.1B 18% of revenue Net profit: $289.3M · 2% margin NET PROFIT $289.3M 2% margin · −64% Y/Y Tax & other: $574.3M · 5% of revenue TAX & OTHER $574.3M 5% of revenue
Gross profit $3.0B 25% margin · +5% Y/Y
Operating profit $863.6M 7% margin · +25% Y/Y
Net profit $289.3M 2% margin · −64% Y/Y
The full income statement, year by year

J among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 4.6%, above 49% of 81 peers (their median 4.9%) REVENUE GROWTH 4.6% · above 49% Gross margin: 22.1%, above 12% of 51 peers (their median 38.6%) GROSS MARGIN 22.1% · above 12% Operating margin: 4.6%, above 4% of 71 peers (their median 17.5%) OPERATING MARGIN 4.6% · above 4% Net margin: 2.4%, above 1% of 81 peers (their median 13.0%) NET MARGIN 2.4% · above 1% FCF margin: 4.5%, above 12% of 78 peers (their median 13.3%) FCF MARGIN 4.5% · above 12% Return on capital: 7.6%, above 18% of 65 peers (their median 14.2%) RETURN ON CAPITAL 7.6% · above 18%
J Peer median Below the median

What changed

33 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Nov 20, 2025 against Nov 25, 2024.

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

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • 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
  • Receivables +5.0% vs revenue +4.6% (+0.4 pts)
8 more checks with nothing to note
  • Cash from operations $686.7M vs net income $289.3M (FY ending Sep 26, 2025)
  • 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

In their words

33 paragraphs in Risk Factors that were not in the 10-K filed Nov 25, 2024. Quoted as filed.

All 33 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Nov 25, 2024 10-K, ITEM 1A
    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…
  2. Item 1A · new paragraph · not in the 10-K filed Nov 25, 2024 10-K, ITEM 1A
    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.…
  3. Item 1A · new paragraph · not in the 10-K filed Nov 25, 2024 10-K, ITEM 1A
    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,…
  4. Item 1A · new paragraph · not in the 10-K filed Nov 25, 2024 10-K, ITEM 1A
    International trade issues, including tariffs and counter tariffs, if continued, may have a negative impact on our business generally. Over 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…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$9.8B$10.9B$11.5B$12.0B
Net income$644.0M$665.8M$806.1M$289.3M
Operating cash flow$474.7M$974.8M$1.1B$686.7M
Free cash flow$347.1M$837.3M$933.6M$607.5M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$12.0B ▲ 4.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Jacobs Solutions, Dallas, TX · from the 10-K filed Nov 20, 2025

Guided by our values and our brand promise - Challenging today. Reinventing tomorrow - Jacobs delivers innovative solutions to address the world’s most complex challenges and create lasting value for clients, communities and society. With a global team of approximately 43,000, we provide end-to-end capabilities across advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. Our services span advisory and consulting, feasibility and planning, through to design, program delivery and lifecycle management - helping to create a more connected and sustainable world.

Headquarters
Dallas, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
October 2
Last results
Aug 4, 2026
Incorporated in
DE

Employees, at the top of the page: "As of September 26, 2025, we had a workforce of approximately 43,000 people worldwide, including a contingent workforce of approximately 1,800 people" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Nov 20, 2025 (open at SEC), compared with the 10-K filed Nov 25, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/J/export.csv") into a cell.