Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc. Earnings Recaps

J Industrials 3 recaps
Q2 2026 May 7, 2026

Jacobs shares fell 3.2% post-earnings as investors focused on margin compression pressures despite solid revenue growth and backlog expansion, signaling concerns over profitability sustainability amid the PA Consulting acquisition.

Key takeaways
  • Adjusted EPS grew 22% to $1.75, supported by 9% organic net revenue growth and 70 basis points of year-over-year margin expansion.
  • Backlog increased 22% to a record $27 billion, with a trailing 12-month book-to-bill ratio of 1.4x on gross revenue and 1.2x on net revenue.
  • Gross revenue grew 27% year-over-year; adjusted EBITDA rose 14% to $327 million, but margins compressed to 14.1%.
  • Strong growth in life sciences and advanced manufacturing (+12% net revenue growth) and critical infrastructure (+9% net revenue growth), led by double-digit growth in transportation.
  • The acquisition of PA Consulting caused a wider than usual GAAP to adjusted EPS spread, indicating temporary earnings quality challenges and contributing to investor caution.
Full recap
Q1 2026 Feb 5, 2026

Jacobs Solutions Inc. reported robust first-quarter earnings for FY 2026 with 15% year-over-year adjusted EPS growth, driven by record backlog and strategic acquisitions.

Key takeaways
  • Adjusted EPS increased 15% to $1.53, supported by 8% net revenue growth and strong underlying margins.
  • Backlog reached a record $26.3 billion, up 21% year-over-year, with a trailing twelve-month book-to-bill ratio of 1.4 times.
  • The company announced a full acquisition of PA Consulting, enhancing capabilities in digital consulting and AI advisory.
  • Major project awards include significant contracts in water infrastructure and advanced manufacturing, positioning Jacobs for continued growth in high-demand sectors.
  • Q1 adjustments and cost management resulted in a notable Q1 EBITDA margin of 13.4%.
Full recap
Q4 2025 Nov 20, 2025

Jacobs Solutions Inc. delivered strong fiscal fourth quarter results, achieving a 28% increase in adjusted EPS year-over-year, driven by robust revenue growth and record-high margins. The company ended FY 2025 with a consolidated backlog of $23.1 billion, marking a 6% increase.

Key takeaways
  • Q4 adjusted EPS rose 28% to $1.75, fueled by a 6% increase in net revenue and a record adjusted EBITDA margin of 14.4%.
  • Full-year adjusted EPS grew 16%, supported by mid-single-digit net revenue growth and significant margin expansion.
  • Jacobs' consolidated backlog reached a record $23.1 billion, with a trailing twelve-month book-to-bill ratio of 1.1.
  • The company secured key project awards, particularly in water and environmental sectors, emphasizing a positive outlook for future growth.
  • Strong free cash flow margin of 7% highlights Jacobs' commitment to driving profitable growth and disciplined capital management.
Full recap