Latest analysis
Updated Aug 4, 2026
Jacobs posts record $28.9B backlog and raises FY2026 guidance for the third consecutive quarter, driven by data center, semiconductor, and energy project momentum.
Jacobs Solutions delivered its strongest backlog position on record at $28.9 billion, up 27% year-over-year, with a trailing-twelve-month book-to-bill of 1.4x — both leading indicators of multi-year revenue visibility. The Infrastructure & Advanced Facilities segment drove all organic growth, with gross revenue up 39% and adjusted net revenue up 10% year-over-year, led by Data Center, Semiconductor, Energy & Power, Transportation, and Water end markets. Management raised the midpoints of FY2026 adjusted net revenue growth and adjusted EPS guidance for the third consecutive quarter, reflecting confidence that AI-driven capital spending and private-sector infrastructure investment will sustain momentum into FY2027.
Tone: bullishRevenue
$12B
J 10-K · FY 2025
Employees
43,000
Revenue FY2024
$11.5B
EBITDA margin
14.2%
Profile
J 10-K Item 1 · Nov 20, 2025Jacobs Solutions is a global science-based consulting, engineering, and advisory firm serving clients across infrastructure, water and environmental, life sciences and advanced manufacturing, and critical infrastructure end markets. With roughly 43,000 employees operating in more than 40 countries, the company delivers services spanning advisory and consulting, planning, design, program delivery, and lifecycle management. The firm operates through two segments: Infrastructure and Advanced Facilities, and a 65%-owned stake in PA Consulting.
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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. From addressing water scarcity and aging infrastructure to access to life-saving therapies and cyber resilience, we combine creativity, agility and deep domain expertise to deliver outcomes that matter. Our integrated approach enables clients to meet urgent needs today while preparing for the opportunities of tomorrow. Over the past eight years, Jacobs has transformed into a science-based consulting and advisory leader, focused on delivering digitally enabled, resilient solutions to complex sustainability, critical infrastructure and advanced manufacturing challenges. Strategic acquisitions, including a 65% stake in PA Consulting Group Limited in fiscal 2021, along with BlackLynx and StreetLight — have strengthened our capabilities in high-value technology-enabled solutions. We harness our advanced data and digital capabilities, products and tools to help clients operate more efficiently, safely and intelligently. Through the expertise of our people and ongoing investment in artificial intelligence and next-generation digital solutions, we empower our clients' decision-making across the entire asset lifecycle – from capital planning and operations to cybersecurity and operational technology.
Primary products
- Advisory and consulting
- Feasibility and planning
- Architecture and design
- Engineering
- Program and construction management
- Long-term operation of facilities
Business segments
End markets
Geographies
Named customers
The following table sets forth the percentage of total revenues from continuing operations earned directly or indirectly from agencies of the U.S. federal government for each of the last three fiscal years: 2025 8% 2024 10% 2023 9%
Named competitors
“Typically, no single company or companies dominate the markets in which we provide services, and often we partner with our competitors or other companies to jointly pursue projects.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues grew from $11.5 billion in fiscal 2024 to $12.0 billion in fiscal 2025, driven by growth in both the Infrastructure and Advanced Facilities and PA Consulting segments.
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