JACOBS SOLUTIONS INC.

J 10-K · Q4 2025

J Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue From Contract With Customer Including Assessed Tax 3,154,644 2,960,150 +6.6%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments 2,836,183 2,670,703 +6.2%
PA Consulting · Operating Segments 318,461 289,447 +10.0%
Show Geography breakouts
Asia 39,345 36,279 +8.5%
Australia and New Zealand 162,998 142,356 +14.5%
CA 67,627 70,290 -3.8%
Europe 734,985 662,492 +10.9%
IN 47,986 41,628 +15.3%
Middle East and Africa 158,013 145,398 +8.7%
US 1,943,690 1,861,707 +4.4%
Cost of Revenue -2,387,731 -2,225,029 -7.3%
Gross Profit 766,913 735,121 +4.3%
Selling, General & Administrative -555,358 -538,916 -3.1%
Operating Income 211,555 196,205 +7.8%
Show Business Segments breakouts
Infrastructure & Advanced Facilities · Operating Segments 254,034 218,716 +16.1%
PA Consulting · Operating Segments 71,997 61,737 +16.6%
Show Consolidation Items breakouts
Operating Segments 326,031 280,453 +16.3%
Interest Income 8,326 8,515 -2.2%
Interest Expense -35,337 -35,686 +1.0%
Other Non-Operating Income (Expense) 4,860 224,572 -97.8%
Non-Operating Income (Expense) -22,151 197,401 -111.2%
Income Before Taxes 189,404 393,606 -51.9%
Income Tax Expense (Benefit) -54,078 -74,467 +27.4%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 135,326 319,139 -57.6%
Income Loss From Discontinued Operations Net Of Tax -15,786 19,618 -180.5%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · SpinCo Business -17,999 19,348 -193.0%
Net Income 119,540 338,757 -64.7%
Income Loss From Continuing Operations Attributable To Noncontrolling Entity -4,652 -4,953 +6.1%
Net Income Loss Attributable To Redeemable Noncontrolling Interest Continuing Operations 7,362 -4,887 +250.6%
Income Loss From Continuing Operations 138,036 309,299 -55.4%
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity -15,786 16,137 -197.8%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Worley Stock 2.2 0.3 +633.3%
Show Disposal Group Classification breakouts
Discontinued Operations Disposed Of By Means Other Than Sale Spinoff · SpinCo Business -17,999 15,867 -213.4%
Net Income 122,250 325,436 -62.4%
Income Loss From Continuing Operations Per Basic Share 1.05 2.38 -55.9%
Income Loss From Discontinued Operations Net Of Tax Per Basic Share -0.13 0.13 -200.0%
EPS (Basic) 0.92 2.51 -63.3%
Income Loss From Continuing Operations Per Diluted Share 1.05 2.37 -55.7%
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share -0.13 0.14 -192.9%
EPS (Diluted) 0.92 2.5 -63.2%
Comprehensive Income 69,480 432,401 -83.9%
Wtd Avg Shares (Basic) -664 -336 -97.6%
Wtd Avg Shares (Diluted) -650 -332 -95.8%
Net Income Loss Attributable To Noncontrolling Interest -4,652 -8,434 +44.8%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 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 YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation And Amortization 20,021 25,061 -20.1%
Disposal Group Including Discontinued Operations Amortization Of Intangible Assets 39,571 53,215 -25.6%
Stock-Based Compensation 13,539 20,023 -32.4%
Income Loss From Equity Method Investments -1,023 -2,525 +59.5%
Show Consolidated Entities breakouts
Variable Interest Entity Not Primary Beneficiary -2.7 -3.3 +18.2%
Gain Loss On Sale Of Property Plant Equipment 55 -4,233 +101.3%
Increase Decrease In Deferred Income Taxes -40,738 -108,832 +62.6%
Increase Decrease In Receivables 47,403 36,147 +31.1%
Change in Prepaid & Other Assets -7,785 -43,295 +82.0%
Increase Decrease In Other Operating Assets 11,016 35,993 -69.4%
Change in Accounts Payable 134,931 -35,751 +477.4%
Increase Decrease In Accrued Liabilities 163,988 -30,782 +632.7%
Increase Decrease In Other Deferred Liability 65,039 -16,196 +501.6%
Increase Decrease In Noncurrent Assets And Other Net 801 18,787 -95.7%
Net Cash from Operations 383,085 196,532 +94.9%
Investing Activities
Capital Expenditures -29,577 -38,342 +22.9%
Proceeds From Sale Of Property Plant And Equipment 0 6,029 -100.0%
Payments For Proceeds From Investments 677 77 +779.2%
Net Cash from Investing -28,900 -32,236 +10.3%
Financing Activities
Proceeds From Issuance Of Long Term Debt 285,000 2,382,120 -88.0%
Repayments Of Long Term Debt -545,000 -1,175,932 +53.7%
Repayments Of Short Term Debt 0 -834,879 +100.0%
Debt Issuance Costs 0 -32,725 +100.0%
Proceeds From Issuance Of Common Stock 9,245 12,089 -23.5%
Share Repurchases -100,883 -56,286 -79.2%
Tax Withholding for Share Compensation -458 -8,331 +94.5%
Payments Of Dividends Common Stock -38,214 -36,340 -5.2%
Payments Of Dividends Minority Interest -6,765 -4,162 -62.5%
Payments For Repurchase Of Redeemable Noncontrolling Interest -1,977 -13,556 +85.4%
Net Cash from Financing -399,052 -259,070 -54.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -14,297 29,425 -148.6%
Net Change in Cash -59,164 -65,349 +9.5%
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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