The story
Founded by Joseph J. Jacobs in 1947.1
J on NYSE
Logo: Jacobs Engineering Group, Public domain, via Wikimedia Commons5
American engineering company
Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
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Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technology’s 2018, 2019, 2020, and 2021 Top 50 Trenchless Engineering Firms. Its worldwide annual revenue were over $12 billion in the 2025 fiscal year, and earnings dropped to $289 million.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Infrastructure & Advanced Facilities brought in 89% of the revenue Jacobs Engineering Group broke down this way in fiscal 2025.
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Infrastructure & Advanced Facilities | $9.7B | $10.3B | $10.8B |
| PA Consulting | $1.2B | $1.2B | $1.3B |
United States brought in 62% of the revenue Jacobs Engineering Group broke down this way in fiscal 2025.
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $6.5B | $7.2B | $7.4B |
| Europe | $2.7B | $2.7B | $2.9B |
| Middle East and Africa | $512.5M | $536.5M | $596.3M |
| Australia and New Zealand | $558.1M | $549.6M | $573.2M |
| Canada [member] | $266.9M | $261.7M | $248.1M |
| India | $164.2M | $152.6M | $180.1M |
| Asia | $133.7M | $132.7M | $144.9M |
Out of $12.0B in revenue.6
Out of $686.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Revenues | $12.0B | $11.5B | $10.9B |
| Direct cost of contracts | -$9.0B | -$8.7B | -$8.1B |
| Gross profit | $3.0B | $2.8B | $2.7B |
| Selling, general and administrative expenses | -$2.1B | -$2.1B | -$2.0B |
| Operating Profit | $863.6M | $692.4M | $676.5M |
| Interest income | $35.8M | $34.5M | $25.0M |
| Interest expense | -$145.8M | -$169.1M | -$168.1M |
| Loss on extinguishment of debt | -$20.5M | $0 | $0 |
| Miscellaneous (expense) income, net | -$189.7M | $219.5M | -$12.4M |
| Total other (expense) income, net | -$320.2M | $84.8M | -$155.5M |
| Earnings from Continuing Operations Before Taxes | $543.5M | $777.3M | $521.0M |
| Income Tax Expense for Continuing Operations | -$215.6M | -$131.5M | -$101.3M |
| Net Earnings of the Group from Continuing Operations | $327.9M | $645.8M | $419.6M |
| Net (Loss) Earnings of the Group from Discontinued Operations, net of tax | -$24.0M | $206.8M | $300.0M |
| Net Earnings of the Group | $304.0M | $852.6M | $719.7M |
| Net Earnings Attributable to Noncontrolling Interests from Continuing Operations | -$3.4M | -$18.0M | -$18.9M |
| Net Earnings Attributable to Redeemable Noncontrolling Interests | -$11.2M | -$15.0M | -$21.6M |
| Net Earnings Attributable to Jacobs from Continuing Operations | $313.3M | $612.8M | $379.1M |
| Net Earnings Attributable to Noncontrolling Interests from Discontinued Operations | $0 | -$13.6M | -$13.4M |
| Net (Loss) Earnings Attributable to Jacobs from Discontinued Operations | -$24.0M | $193.3M | $286.7M |
| Net Earnings Attributable to Jacobs | $289.3M | $806.1M | $665.8M |
| Basic Net Earnings from Continuing Operations Per Share (in dollars per share) | $3 | $5 | $3 |
| Basic Net Earnings from Discontinued Operations Per Share (in dollars per share) | -$0 | $2 | $2 |
| Basic Earnings Per Share (in dollars per share) | $2.39 | $6.35 | $5.32 |
| Diluted Net Earnings from Continuing Operations Per Share (in dollars per share) | $3 | $5 | $3 |
| Diluted Net Earnings from Discontinued Operations Per Share (in dollars per share) | -$0 | $2 | $2 |
| Diluted Earnings Per Share (in dollars per share) | $2.38 | $6.32 | $5.30 |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $1.2B | $1.1B | |
| Receivables and contract assets | $3.0B | $2.8B | |
| Prepaid expenses and other | $134.8M | $155.9M | |
| Investment in equity securities | $0 | $749.5M | |
| Total current assets | $4.4B | $4.9B | |
| Property, Equipment and Improvements, net | $311.9M | $315.6M | |
| Goodwill | $4.8B | $4.8B | |
| Intangibles, net | $717.7M | $874.9M | |
| Deferred income tax assets | $325.8M | $195.4M | |
| Operating lease right-of-use assets | $289.1M | $303.9M | |
| Miscellaneous | $467.9M | $385.5M | |
| Total other noncurrent assets | $6.6B | $6.5B | |
| Total assets | $11.3B | $11.8B | |
| Current maturities of long-term debt | $0 | $875.8M | |
| Accounts payable | $1.3B | $1.0B | |
| Accrued liabilities | $1.0B | $1.1B | |
| Operating lease liability | $111.0M | $120.0M | |
| Contract liabilities | $940.6M | $967.1M | |
| Total current liabilities | $3.4B | $4.1B | |
| Long-term debt | $2.2B | $1.3B | |
| Liabilities relating to defined benefit pension and retirement plans | $272.1M | $298.2M | |
| Deferred income tax liabilities | $151.8M | $116.7M | |
| Long-term operating lease liability | $362.4M | $407.8M | |
| Other deferred liabilities | $212.3M | $120.5M | |
| Total other noncurrent liabilities | $3.2B | $2.3B | |
| Redeemable Noncontrolling Interests | $1.0B | $820.2M | |
| Preferred stock, $1 par value, authorized - 1,000,000 shares; issued and outstanding - none | $0 | $0 | |
| Common stock $1 par value, authorized - 240,000,000 shares; issued and outstanding - 119,081,294 shares and 124,084,028 shares as of September 26, 2025 and September 27, 2024, respectively | $119.1M | $124.1M | |
| Additional paid-in capital | $2.7B | $2.8B | |
| Retained earnings | $1.5B | $2.4B | |
| Accumulated other comprehensive loss | -$710.4M | -$699.5M | |
| Total Jacobs stockholders equity | $3.6B | $4.5B | |
| Noncontrolling interests | $7.1M | $17.8M | |
| Total Group stockholders equity | $3.6B | $4.6B | $6.6B |
| Total liabilities and stockholders' equity | $11.3B | $11.8B | |
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Common stock, authorized (in shares) | 240.0M shares | 240.0M shares | |
| Common stock, issued (in shares) | 119.1M shares | 124.1M shares | |
| Common stock, outstanding (in shares) | 119.1M shares | 124.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Net Earnings of the Group | $304.0M | $852.6M | $719.7M |
| Property, equipment and improvements | $82.1M | $99.2M | $103.3M |
| Intangible assets | $155.5M | $209.5M | $203.9M |
| Loss on extinguishment of debt | $20.5M | $0 | $0 |
| Loss (gain) on investment in equity securities | $227.3M | -$186.9M | $0 |
| Stock based compensation | $61.0M | $74.2M | $74.3M |
| Equity in earnings of operating ventures, net of return on capital distributions | -$1.5M | -$16.1M | -$324.0K |
| (Gain) loss on disposals of assets, net | -$722.0K | -$3.2M | $7.7M |
| Impairment of equity method investment and other long-term assets | $0 | $3.0M | $48.2M |
| Deferred income taxes | -$94.5M | -$224.9M | -$76.8M |
| Receivables and contract assets, net of contract liabilities | -$177.9M | $59.6M | -$8.4M |
| Prepaid expenses and other current assets | $8.4M | $11.2M | -$34.0M |
| Miscellaneous other assets | $60.6M | $104.7M | $92.0M |
| Accounts payable | $231.3M | $81.5M | $166.2M |
| Income taxes payable | -$183.3M | $94.1M | $9.4M |
| Accrued liabilities | -$64.9M | -$138.5M | -$279.1M |
| Other deferred liabilities | $75.2M | $6.0M | -$50.0M |
| Other, net | -$16.2M | $28.7M | -$1.4M |
| Net cash provided by operating activities | $686.7M | $1.1B | $974.8M |
| Additions to property and equipment | -$79.2M | -$121.1M | -$137.5M |
| Disposals of property and equipment and other assets | $2.3M | $6.2M | $1.5M |
| Capital contributions to equity investees, net of return of capital distributions | $1.6M | $1.7M | $8.0M |
| Acquisitions of businesses, net of cash acquired | $0 | -$14.0M | -$17.7M |
| Net cash used for investing activities | -$75.3M | -$127.2M | -$145.7M |
| Proceeds from long-term borrowings | $2.5B | $4.6B | $3.9B |
| Repayments of long-term borrowings | -$1.5B | -$3.4B | -$4.5B |
| Proceeds from short-term borrowings | $0 | $5.3M | $13.0M |
| Repayments of short-term borrowings | -$657.0M | -$866.8M | -$3.4M |
| Debt issuance costs | -$92.0K | -$34.3M | -$17.2M |
| Proceeds from issuances of common stock | $34.7M | $47.5M | $47.8M |
| Common stock repurchases | -$754.1M | -$402.7M | -$265.7M |
| Taxes paid on vested restricted stock | -$27.4M | -$41.7M | -$24.2M |
| Cash dividends to shareholders | -$153.0M | -$142.8M | -$128.4M |
| Net dividends associated with noncontrolling interests | -$14.2M | -$21.7M | -$23.2M |
| Repurchase of redeemable noncontrolling interests | -$10.4M | -$55.3M | -$92.9M |
| Proceeds from issuances of redeemable noncontrolling interests | $0 | $19.8M | $34.0M |
| Cash impact from distribution of SpinCo Business | $70.0M | -$495.3M | $0 |
| Net cash used for financing activities | -$525.2M | -$751.6M | -$1.1B |
| Effect of Exchange Rate Changes | $3.7M | $41.6M | $32.5M |
| Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash | $89.9M | $217.5M | -$224.8M |
Founded by Joseph J. Jacobs in 1947.1
Who has led Jacobs Engineering Group, and when. Pick a name to see everywhere that person has worked.
On December 10, 1998, it was announced that Jacobs would acquire closely held engineering firm, Sverdrup Corporation for $200 million. In 2001, Jacobs acquired the international operations, including the international consultancy Sir Alexander Gibb & Partners (Gibb Ltd) based in the UK, from Law Engineering and Environmental Services in Atlanta.
In FY 2007, Jacobs acquired the privately held planning, engineering and design firm, Edwards and Kelcey of Morristown, New Jersey, for an undisclosed amount. In FY 2008, Jacobs spent $264 million to acquire Carter and Burgess, Lindsey Engineering and a 60% stake in Zamel and Turbag Consulting Engineers. In FY 2010, Jacobs acquired TechTeam, Tybrin, and Jordan, Jones and Goulding. They paid $259.5 million for the three companies.
In FY 2014, Jacobs announced it completed a merger transaction with Sinclair Knight Merz (SKM), a 6,900-person professional services firm headquartered in Sydney. The purchase price was an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items. On August 2, 2017, Jacobs acquired CH2M based in Englewood, Colorado– an engineering firm in infrastructure and government service sectors, including water, transportation, environmental and nuclear, in a $3.27 billion cash-and-stock deal.
In March 2020, Jacobs acquired Wood Nuclear, the nuclear services arm of John Wood Group of the UK, for £250 million, adding 2000 staff. Jacobs' total UK workforce was now almost 11,000. In December 2020, Jacobs announced it would be investing in PA Consulting based in London, in a deal valued at £1.825 billion. Completion of the deal was expected to take place by the end of Q1 2021. On February 7, 2022, Jacobs announced that it would enter into a joint venture with the Qatar based entity Locus Engineering Management and Services Co. W.L.L, an Asset Management company with interests in building maintenance, infrastructure, oil and gas support services, and engineering. The terms of the venture were not disclosed.
From Wikipedia’s article on Jacobs Solutions, shared under CC BY-SA 4.0.8
The Kingston Fossil Plant coal fly ash slurry spill was an environmental and industrial disaster which occurred on Monday December 22, 2008, when a dike ruptured at a coal ash pond at the Tennessee Valley Authority's Kingston Fossil Plant in Harriman, Tennessee releasing 1.1 billion U.S. gallons (4.2 million cubic meters) of coal fly ash slurry. The Tennessee Valley Authority hired Jacobs Engineering to clean up the spill. In the years after the spill at the cleanup site, a number of workers suffered health effects.
As early as 2012, workers began to report illnesses which they believed were caused by the cleanup, and by the ten year anniversary of the event, hundreds of workers had been sickened and more than 30 had died. In May 2023, it was reported that more than 50 workers had died and 150 were sick. In 2013, 50 workers and their families filed a lawsuit against contractor Jacobs Engineering. They were represented by Knoxville lawyer James K. Scott and the lawsuit was dismissed by judge Thomas A. Varlan, chief justice for the U.S. District Court for the Eastern District of Tennessee in 2014. This ruling was reversed by the U.S. Court of Appeals for the Sixth Circuit after evidence was discovered that Jacobs Engineering had misled the workers about the dangers of coal ash.
A federal jury ruled in favor of the workers seeking compensation in November 2018. The ruling held that Jacobs Engineering had failed to keep the workers safe from environmental hazards, and had misled them about the dangers of coal ash, mainly by claiming that extra protective equipment, such as masks and protective clothing, was unnecessary. In a phase two of the trial, the Kingston cleanup workers will be able to seek damages. In April 2020, 52 workers rejected a $10 million settlement offered by Jacobs Engineering.
Jacobs Engineering is building the Hinkley Point C nuclear reactor, controversial for the reason of its excessive delays and cost overruns. “It’s three times over cost and three times over time where it’s been built in Finland and France,” said Paul Dorfman of UCL (University College London) Energy Institute. The companies involved have been accused of a conflict of interest as the company advising the UK about cost management was owned by Jacobs Engineering, while Jacobs was working for the company managing an Électricité de France project. Thus, a subsidiary of a company hired by EDF was advising the UK how much money to grant EDF.
The Rhode Island Department of Environmental Management is investigating the WRWTF plant, which is run by Jacobs, for spillage of an estimated 10 million gallons of wastewater with incomplete treatment into the Blackstone River in June 2022. Previous investigations resulted in letters of noncompliance given to Jacobs in 2021 and 2020.
From Wikipedia’s article on Jacobs Solutions, shared under CC BY-SA 4.0.8
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
The numbers on this page point here. Each one links to the record it came from.