Jacobs Solutions Inc.
J · NYSE
Company research
Jacobs Solutions Inc. (NYSE: J) is a global engineering and professional services company headquartered in Dallas, Texas, founded in 1947 and employing approximately 45,000 professionals across more than 50 countries. The company operates through its Infrastructure & Advanced Facilities (I&AF) segment and a 65% stake in PA Consulting, delivering end-to-end solutions spanning consulting, planning, architecture, design, engineering, project and construction management, and long-term facility operations. Jacobs serves a diverse set of end markets — including water, transportation, energy, life sciences, advanced manufacturing, defense, and cybersecurity — with a strategic focus on three growth accelerators: Climate Response, Consulting & Advisory, and Data Solutions. With approximately $12 billion in annual revenue and a market capitalization of roughly $15 billion, Jacobs ranks among the top firms on ENR's Top 500 Design Firms list and continues to position itself as a high-margin, technology- and sustainability-driven infrastructure partner for both government and commercial clients worldwide.
Research reports
Bellwether Brief · July 1, 2026Jacobs Solutions Inc. (J) stock report
Bellwether frames Jacobs as a high‑growth, AI‑exposed infrastructure platform that the market is pricing like a distressed industrial, highlighting a record roughly 27 billion dollar backlog, strong AI data‑center pipeline, and growing digital‑twin/PA Consulting capabilities alongside concerns over elevated leverage, complex GAAP losses, and heavy reliance on unbilled receivables. The report presents a balanced bull‑vs‑bear debate and ultimately describes the stock as having moderate appeal with solid long‑term fundamentals but premium valuation and integration/cash‑conversion risks that warrant a wait‑and‑see stance.
Sure Dividend · May 12, 2026Jacobs Solutions Inc. (J)Sure Dividend rates J a Buy, projecting approximately 18.2% annual total returns driven by an 11% EPS growth outlook to around 7.23 dollars in 2026, valuation multiple expansion from a mid‑teens P/E back toward its ~21× historical level, and a growing dividend with an 8‑year increase streak and modest payout ratio. The thesis emphasizes a record ~27 billion dollar backlog, margin uplift from exiting lower‑margin businesses, balance‑sheet strength with net debt expected to fall below 2× EBITDA by 2027, and resilient demand across infrastructure, advanced facilities, and PA Consulting, while acknowledging cyclical and acquisition‑related risks.
Zacks Investment Research · January 12, 2026Zacks Equity Research Report for JZacks maintains a Neutral (3‑Hold) long‑term recommendation with a 6–12 month price target of 139 dollars, arguing that strong secular demand in life sciences, data centers, water, transportation, and a record ~23.1 billion dollar backlog support mid‑ to high‑single‑digit adjusted net‑revenue growth and double‑digit EPS growth. However, the report flags margin pressure from inflation and higher direct contract costs, continued currency headwinds, policy‑driven risk from U.S. federal and infrastructure spending, and recent estimate cuts and share underperformance, concluding that the shares are reasonably valued and likely to track the broader market near term.
Edward Jones · November 7, 2025Jacobs Solutions Inc. (J)Edward Jones’ final coverage report (before dropping equity research) rates J as a Buy, arguing that the company’s shift away from more cyclical, lower‑margin energy/chemicals toward infrastructure, transportation, advanced manufacturing, and technical building projects should improve growth and profitability over time. The analyst notes that the stock trades at a mid‑20s forward P/E versus its historical average while still underperforming industrial peers, contending that the market is undervaluing Jacobs’ long‑term infrastructure and backlog‑driven opportunity, though the report highlights key risks around capex‑sensitive demand, economic downturns, and regulatory complexity in government work.