JACOBS SOLUTIONS INC.

J 10-K · FY 2025

J FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue From Contract With Customer Including Assessed Tax 12,029,783 11,500,941 +4.6%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments 10,764,206 10,323,255 +4.3%
PA Consulting · Operating Segments 1,265,577 1,177,686 +7.5%
Show Geography breakouts
Asia 144,944 132,658 +9.3%
Australia and New Zealand 573,237 549,571 +4.3%
CA 248,118 261,682 -5.2%
Europe 2,871,566 2,689,298 +6.8%
IN 180,124 152,591 +18.0%
Middle East and Africa 596,330 536,531 +11.1%
US 7,415,464 7,178,610 +3.3%
Show Consolidation Items breakouts
Operating Segments 12,029,783 11,500,941 +4.6%
Cost of Revenue -9,044,849 -8,668,185 -4.3%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments -8,228,935 -7,915,256 -4.0%
PA Consulting · Operating Segments -815,914 -752,929 -8.4%
Show Consolidation Items breakouts
Operating Segments -9,044,849 -8,668,185 -4.3%
Gross Profit 2,984,934 2,832,756 +5.4%
Show Related Party Transactions By Related Party breakouts
Consolidated Entities 9.5 40.8 -76.7%
Selling, General & Administrative -2,121,300 -2,140,320 +0.9%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments -1,631,723 -1,609,624 -1.4%
PA Consulting · Operating Segments -171,164 -185,507 +7.7%
Show Consolidation Items breakouts
Operating Segments -1,802,887 -1,795,131 -0.4%
Operating Income 863,634 692,436 +24.7%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments 903,548 798,375 +13.2%
PA Consulting · Operating Segments 278,499 239,250 +16.4%
Show Consolidation Items breakouts
Operating Segments 1,182,047 1,037,625 +13.9%
Interest Income 35,804 34,454 +3.9%
Interest Expense -145,788 -169,058 +13.8%
Gains Losses On Extinguishment Of Debt -20,510
Other Non-Operating Income (Expense) -189,663 219,454 -186.4%
Non-Operating Income (Expense) -320,157 84,850 -477.3%
Income Before Taxes 543,477 777,286 -30.1%
Show Income Tax Authority breakouts
Domestic Country 129,611 333,902 -61.2%
Foreign Country 413,866 443,384 -6.7%
Income Tax Expense (Benefit) -215,555 -131,493 -63.9%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 327,922 645,793 -49.2%
Income Loss From Discontinued Operations Net Of Tax -23,966 206,850 -111.6%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · SpinCo Business -26,646 207,438 -112.8%
Net Income 303,956 852,643 -64.4%
Show Related Party Transactions By Related Party breakouts
Consolidated Entities 9.5 40.8 -76.7%
Income Loss From Continuing Operations Attributable To Noncontrolling Entity -3,443 -17,990 +80.9%
Net Income Loss Attributable To Redeemable Noncontrolling Interest Continuing Operations -11,177 -14,999 +25.5%
Income Loss From Continuing Operations 313,302 612,804 -48.9%
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity -23,966 193,289 -112.4%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Worley Stock 2.7 -0.6 +550.0%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · SpinCo Business -26,646 193,877 -113.7%
Net Income 289,336 806,093 -64.1%
Income Loss From Continuing Operations Per Basic Share 2.59 4.81 -46.2%
Income Loss From Discontinued Operations Net Of Tax Per Basic Share -0.2 1.54 -113.0%
EPS (Basic) 2.39 6.35 -62.4%
Income Loss From Continuing Operations Per Diluted Share 2.58 4.79 -46.1%
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share -0.2 1.54 -113.0%
EPS (Diluted) 2.38 6.32 -62.3%
Revenue (FY)
Show Related Party Transactions By Related Party breakouts
Consolidated Entities 401.9 472 -14.9%
Cost of Revenue (FY)
Show Related Party Transactions By Related Party breakouts
Consolidated Entities -392.4 -431.2 +9.0%
Comprehensive Income 278,376 964,597 -71.1%
Wtd Avg Shares (Basic) 121,468 125,324 -3.1%
Wtd Avg Shares (Diluted) 121,932 125,881 -3.1%
Net Income Loss Attributable To Noncontrolling Interest -3,443 -31,551 +89.1%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,235,448 1,144,795 +7.9%
Receivables Net Current 2,989,067 2,845,452 +5.0%
Prepaid Expense Current 134,804 155,865 -13.5%
Total Current Assets 4,359,319 4,895,580 -11.0%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Consolidated Entities 163.4 161.9 +0.9%
Non-Current Assets
Property, Plant & Equipment 311,872 315,630 -1.2%
Show Geography breakouts
Asia 4,249 3,686 +15.3%
Australia and New Zealand 18,904 21,912 -13.7%
CA 5,600 5,387 +4.0%
Europe 121,359 116,957 +3.8%
IN 10,561 10,127 +4.3%
Middle East and Africa 8,910 7,718 +15.4%
US 142,289 149,843 -5.0%
Goodwill 4,780,818 4,788,181 -0.2%
Show Business Segments breakouts
Infrastructure & Advanced Facilities 3,351,490 3,362,760 -0.3%
PA Consulting 1,429,328 1,425,421 +0.3%
Deferred Tax Assets 325,814 195,406 +66.7%
Operating Lease Right-of-Use Assets 289,101 303,856 -4.9%
Other Assets Miscellaneous Noncurrent 467,941 385,458 +21.4%
Other Non-Current Assets 6,581,344 6,547,795 +0.5%
Total Assets 11,252,535 11,759,005 -4.3%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 143.9 138.8 +3.7%
Variable Interest Entity Primary Beneficiary · Consolidated Entities 163.4 161.9 +0.9%
Intangible Assets 717,670 874,894 -18.0%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships Contracts And Backlog [Member] 521,275 651,894 -20.0%
Developed Technology Rights 19,524 31,515 -38.0%
Trade Names 176,871 191,485 -7.6%
Other Assets
Intangible Assets Net Excluding Goodwill 717,670 874,894 -18.0%
Current Liabilities
Accounts Payable 1,261,489 1,029,140 +22.6%
Accrued Liabilities 1,037,754 1,087,764 -4.6%
Operating Lease Liability Current 111,040 119,988 -7.5%
Contract With Customer Liability 940,616 967,089 -2.7%
Total Current Liabilities 3,350,899 4,079,741 -17.9%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary · Consolidated Entities 144.7 122.7 +17.9%
Non-Current Liabilities
Long-Term Debt 2,236,456 1,348,594 +65.8%
Show Debt Instrument breakouts
2025 Term Loan Facility - GBP Portion 550,261
2025 Term Loan Facility - USD Portion 200,000
5.90% Bonds · Senior Notes 500,000 500,000 0.0%
6.35% Bonds · Senior Notes 600,000 600,000 0.0%
Show Credit Facility breakouts
Revolving Credit Facility 395,000 140,000 +182.1%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 272,069 298,221 -8.8%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit · Foreign Plan 95,484 134,501 -29.0%
Pension Plans Defined Benefit · US 4,628 2,828 +63.6%
Deferred Tax Liabilities 151,821 116,655 +30.1%
Operating Lease Liabilities 362,361 407,826 -11.1%
Liabilities Noncurrent 3,235,037 2,291,779 +41.2%
Total Liabilities (Q)
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary 131.9 138 -4.4%
Variable Interest Entity Primary Beneficiary · Consolidated Entities 144.7 122.7 +17.9%
Other Liabilities
Deferred Long Term Liability Charges 212,330 120,483 +76.2%
Temporary Equity Carrying Amount Attributable To Parent 1,018,694 820,182 +24.2%
Stockholders' Equity
Common Stock 119,081 124,084 -4.0%
Additional Paid In Capital Common Stock 2,706,376 2,758,064 -1.9%
Retained Earnings 1,525,760 2,366,769 -35.5%
Accumulated Other Comprehensive Income -710,410 -699,450 -1.6%
Total Stockholders' Equity 3,640,807 4,549,467 -20.0%
Minority Interest 7,098 17,836 -60.2%
Show Ownership breakouts
PA Consulting Employees 1,018,694 820,182 +24.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,647,905 4,567,303 -20.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -372,910 -370,937 -0.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent 36,469 41,003 -11.1%
Accumulated Other Comprehensive Income -710,410 -699,450 -1.6%
Accumulated Translation Adjustment -373,969 -369,516 -1.2%
Additional Paid In Capital 2,706,376 2,758,064 -1.9%
Common Stock 119,081 124,084 -4.0%
Noncontrolling Interest 7,098 17,836 -60.2%
Parent 3,640,807 4,549,467 -20.0%
Retained Earnings 1,525,760 2,366,769 -35.5%
Total Liabilities & Equity 11,252,535 11,759,005 -4.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation And Amortization 82,059 99,232 -17.3%
Disposal Group Including Discontinued Operations Amortization Of Intangible Assets 155,517 209,507 -25.8%
Debt And Equity Securities Gain Loss 227,305 -186,931 +221.6%
Stock-Based Compensation 60,960 74,193 -17.8%
Income Loss From Equity Method Investments -1,526 -16,079 +90.5%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary -8.8 -11.9 +26.1%
Gain Loss On Sale Of Property Plant Equipment -722 -3,200 +77.4%
Increase Decrease In Deferred Income Taxes -94,532 -224,935 +58.0%
Increase Decrease In Receivables -177,877 59,587 -398.5%
Change in Prepaid & Other Assets 8,383 11,217 -25.3%
Increase Decrease In Other Operating Assets 60,586 104,659 -42.1%
Change in Accounts Payable 231,254 81,469 +183.9%
Increase Decrease In Accrued Income Taxes Payable -183,273 94,094 -294.8%
Increase Decrease In Accrued Liabilities -64,945 -138,491 +53.1%
Increase Decrease In Other Deferred Liability 75,231 6,047 +1144.1%
Increase Decrease In Noncurrent Assets And Other Net -16,182 28,661 -156.5%
Net Cash from Operations 686,704 1,054,673 -34.9%
Deferred Income Taxes -98,767 -118,511 +16.7%
Investing Activities
Capital Expenditures -79,232 -121,114 +34.6%
Proceeds From Sale Of Property Plant And Equipment 2,332 6,187 -62.3%
Payments For Proceeds From Investments 1,609 1,737 -7.4%
Net Cash from Investing -75,291 -127,190 +40.8%
Financing Activities
Proceeds From Issuance Of Long Term Debt 2,458,201 4,606,697 -46.6%
Repayments Of Long Term Debt -1,471,800 -3,370,355 +56.3%
Repayments Of Short Term Debt -656,981 -866,761 +24.2%
Debt Issuance Costs -92 -34,331 +99.7%
Proceeds From Issuance Of Common Stock 34,712 47,503 -26.9%
Share Repurchases -754,130 -402,668 -87.3%
Tax Withholding for Share Compensation -27,450 -41,720 +34.2%
Payments Of Dividends Common Stock -153,027 -142,779 -7.2%
Payments Of Dividends Minority Interest -14,205 -21,678 +34.5%
Payments For Repurchase Of Redeemable Noncontrolling Interest -10,449 -55,344 +81.1%
Cash Impact From Distribution Of Spinoff 70,000 -495,307 +114.1%
Net Cash from Financing -525,221 -751,637 +30.1%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 3,693 41,640 -91.1%
Net Change in Cash 89,885 217,486 -58.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 1,236,816 1,146,931 +7.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,236,816 1,146,931 +7.8%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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