Jacobs Solutions Inc.

Industrials
Military/Government/Technical
www.jacobs.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $20.50B
PE 26
Debt $2.22B
Cash $1.15B
EV $21.57B
FCF $933.56M

Earnings

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Sales & Net Margins

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Earnings	$795.82M
EBIT	$777.29M
ROE	17%
ROA	7%
FCF	$933.56M
Equity	$4.57B
Growth Stability	61%
PE	25.76
PEG	6.24
PB	4.49
P/FCF	21.96
P/S	1.78
Price/Cash	0.06
Debt/Equity	0.49
Debt/FCF	2.38
Net Margins	7%
Gross Margins	25%
Op. Margins	7%
Earnings CAGR	17%
Sales Growth YoY	-127%
Sales Growth QoQ	-127%
Sales CAGR	5%
FCF CAGR	6%
Equity CAGR	5%
Earnings Stability	0.6
Earnings Growth YoY	111%
Earnings Growth QoQ	114%
Earnings CAGR 5Y	4%

Sales CAGR 5Y	4%
FCF CAGR 5Y	15%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	32%
Equity CAGR 3Y	-1%
Market Cap	$20.50B
Revenue	$11.50B
Dividend Yield	1%
Payout Ratio	18%
Assets	$11.76B
Total Debt	$2.22B
Cash	$1.15B
Shares Outstanding	148.73M
EV	21.57B
Earnings Score	85%
Moat Score	86%
Safety Score	82%
Final Score	85%
Working Capital	815.84M
Current Ratio	1.2
Gross Profit	$2.83B
Shares Growth 3y	-1%
Equity Growth QoQ	-32%
Equity Growth YoY	-31%

Assets & ROA

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Stockholders Equity & ROE

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Jacobs Engineering is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions. The firm serves industrial, commercial, and government clients in a wide variety of sectors, including water, transportation, healthcare, technology, and chemicals. Jacobs Engineering employs approximately 55,000 workers. The company generated $14.1 billion in revenue and $1.2 billion in adjusted operating income in fiscal 2021.

SEC Filings

Direct access to Jacobs Solutions Inc. (J) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-Q Dec 29
- 10-K Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 30
- 10-K Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Jacobs Solutions Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Jacobs Solutions Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 17%

Stability 60%

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Jacobs Solutions Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Jacobs Solutions Inc..

Years

Calculation mode

= $14B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$934M	$987M	$1B	$1.1B	$1.2B	$1.2B	$1.3B	$1.4B	$1.5B	$1.5B	$1.6B	$16B
DCF		$897M	$862M	$829M	$797M	$766M	$736M	$707M	$680M	$653M	$628M	$6.3B
Value	$14B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	3%	2%	3%	1%	7%	4%	3%	4%	4%	7%	7%
ROA	-	5%	5%	5%	4%	4%	5%	6%	7%	7%	7%
ROE	-	5%	6%	3%	15%	8%	7%	11%	10%	17%	17%

Bad Net Margins (6.92%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	0.63	0.51	5.56	-2.39	2.44	4.57	9.82	3.42	2.38	2.38
Debt over Equity	0.13	0.09	0.05	0.36	0.21	0.29	0.48	0.56	0.43	0.49	0.49
Growth Stability	-	-	-	61%	100%	100%	84%	100%	100%	100%	61%

Neutral Debt/FCF ratio (2.38)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.49)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (61%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-9%	-9%	50%	-15%	7%	4%	6%	10%	-30%	4%
Earnings YoY growth	-	-31%	37%	-43%	421%	-42%	-15%	53%	3%	20%	4%
Equity YoY growth	-	-1%	4%	32%	-3%	2%	2%	2%	8%	-31%	1%
FCF YoY growth	-	55%	-25%	-15%	-230%	-237%	-8%	-45%	141%	11%	15%