Analyst Consensus ?
ConsensusBuy37 ratings
Bullish2362.2%
Neutral1437.8%
Bearish00.0%
Jacobs Solutions Inc. · J · FY2025 Q4 · Calendar Q4 2025
Jacobs: Record Backlog Supports FY2026 Growth Outlook
The supplied analysis supports the view that backlog, water and infrastructure demand, data-center and semiconductor pipelines, and digital partnerships can support growth into FY2026. The thesis is conditional: public-sector funding, environmental regulation, PA Consulting integration, and the one-time tax event remain material offsets.
Reported Before market openNYSEIndustrials
$16.37B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.75
Consensus $1.68
EPS surprise
+4.2%
Reported versus consensus
Reported revenue
$3.15B
Consensus $3.15B
Revenue surprise
+0.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-10.9%
Event window
SPY move
-1.5%
Same window
Abnormal move
-9.4%
Stock minus SPY
Volume
3.7×
Versus trailing sessions
Subsequent drift
+3.8%
Up to 20 sessions
JSPY benchmark
Ask FN2 about J FY2025 Q4
Transcript, numbers and history already loaded
Why did J fall 10.9% after beating EPS estimates in FY2025 Q4?What changed in J's guidance and outlook in FY2025 Q4?Give me the bull and bear case for J after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Jacobs now has a $23.1 billion record backlog versus $22.7 billion previously, has shifted to a FY2026 outlook of 6–10% revenue growth and $6.90–$7.30 adjusted EPS, and has identified a five-fold increase in its data-center pipeline to a $200 million business. The current analysis also highlights the pending PA Consulting combination and a one-time FY2026 tax event affecting free-cash-flow margin.
Guidance delta
Management maintained the FY2026 outlook: 6–10% revenue growth, adjusted EPS of $6.90–$7.30, and free-cash-flow margin of 7–8%.
Key takeaways
- Backlog reached a record $23.1 billion, up from $22.7 billion in the prior-quarter analysis.
- Management highlighted demand in water, transportation, data centers, and semiconductor services.
- Adjusted EBITDA margin expanded to 14.4% in the current analysis.
- AI and digital partnerships with NVIDIA and Palantir are part of the planned growth and efficiency strategy.
- Capital returns included $754 million of share repurchases and a 10% dividend increase.
Management priorities
- Scale AI partnerships and digital platforms, including Aqua DNA.
- Expand data-center and semiconductor design services.
- Complete the PA Consulting integration and evaluate an additional stake.
- Continue share repurchases and dividend growth.
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Beat
Miss
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Analyst 52W Price Targets
$138.67Current
$137Low
$160.15Average
$175High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Oct 5, 2026 |
| UBS | Buy | Buy | Maintain | Aug 10, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 7, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 6, 2026 |
| Citigroup | Buy | Buy | Maintain | May 6, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 13, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Nov 21, 2025 |
| Barclays | Overweight | Overweight | Maintain | Oct 20, 2025 |
| Benchmark | Hold | Buy | Downgrade | Nov 20, 2024 |
| William Blair | Market Perform | Outperform | Downgrade | May 8, 2024 |
| Argus Research | Buy | Buy | Maintain | Mar 14, 2024 |
| Raymond James | Market Perform | Outperform | Downgrade | Nov 22, 2023 |
| Stifel | Buy | Buy | Maintain | Nov 21, 2023 |
| TD Cowen | Outperform | Outperform | Maintain | Aug 10, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 9, 2023 |
| Bernstein | Outperform | Outperform | Maintain | May 10, 2023 |
| DA Davidson | Buy | Buy | Maintain | Nov 26, 2019 |
| Bank of America | Buy | Buy | Maintain | Nov 26, 2019 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jan 28, 2019 |
| MKM Partners | Buy | Buy | Maintain | Nov 21, 2018 |
| Seaport Global | Buy | Buy | Maintain | Nov 15, 2018 |
| Vertical Research | Buy | Hold | Upgrade | May 9, 2018 |
| Macquarie | Neutral | Underperform | Upgrade | May 9, 2018 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Mar 29, 2018 |
| Goldman Sachs | Neutral | Sell | Upgrade | Jan 31, 2018 |
| Jefferies | Hold | Buy | Downgrade | Dec 13, 2016 |
| Johnson Rice | Hold | Accumulate | Downgrade | Aug 11, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Apr 14, 2016 |
| JP Morgan | Neutral | Neutral | Maintain | Jun 12, 2015 |
| Stifel Nicolaus | Buy | Buy | Maintain | Apr 29, 2015 |
| CLSA | Outperform | Buy | Maintain | Apr 13, 2015 |
| FBR Capital | Market Perform | Market Perform | Maintain | Feb 2, 2015 |
| Stephens & Co. | Overweight | Overweight | Maintain | Dec 20, 2013 |
| GARP Research | Buy | Buy | Maintain | Mar 28, 2013 |
| Gilford Securities | Buy | Buy | Maintain | Jan 10, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $138.67. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $160 | $138.22 | +15.4% | Oct 5, 2026 |
| KeyBanc | Sangita Jain | $168 | $143.76 | +21.2% | Sep 8, 2026 |
| UBS | Analyst unavailable | $167 | $146.66 | +20.4% | Aug 10, 2026 |
| Goldman Sachs | Adam Bubes | $170 | $144.03 | +22.6% | Aug 6, 2026 |
| Truist Financial | Jamie Cook | $161 | $146.4 | +16.1% | Aug 5, 2026 |
| Robert W. Baird | Analyst unavailable | $153 | $142.68 | +10.3% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $174 | $142.68 | +25.5% | Aug 5, 2026 |
| Truist Financial | Jamie Cook | $149 | $124.63 | +7.4% | Jul 2, 2026 |
| Bernstein | Chad Dillard | $163 | $124.12 | +17.5% | Jun 11, 2026 |
| RBC Capital | Sabahat Khan | $169 | $124.75 | +21.9% | May 6, 2026 |
| KeyBanc | Sangita Jain | $150 | $136.74 | +8.2% | May 6, 2026 |
| Goldman Sachs | Adam Bubes | $163 | $143.33 | +17.5% | Feb 4, 2026 |
| UBS | Steven Fisher | $175 | $137.42 | +26.2% | Feb 4, 2026 |
| RBC Capital | Analyst unavailable | $160 | $137.85 | +15.4% | Feb 4, 2026 |
| Robert W. Baird | Andrew Wittmann | $143 | $132.91 | +3.1% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $137 | $140.09 | -1.2% | Jan 23, 2026 |
| KeyBanc | Analyst unavailable | $154 | $137.67 | +11.1% | Jan 7, 2026 |
| Goldman Sachs | Analyst unavailable | $158 | $128.77 | +13.9% | Nov 24, 2025 |
| Truist Financial | Analyst unavailable | $152 | $129.17 | +9.6% | Nov 21, 2025 |
| RBC Capital | Analyst unavailable | $156 | $128.06 | +12.5% | Nov 21, 2025 |
| Wells Fargo | Analyst unavailable | $130 | $129.17 | -6.3% | Nov 21, 2025 |
| Robert W. Baird | Analyst unavailable | $146 | $129.17 | +5.3% | Nov 21, 2025 |
| Wells Fargo | Analyst unavailable | $160 | $153.2 | +15.4% | Nov 13, 2025 |
| Barclays | Adam Seiden | $160 | $155.39 | +15.4% | Oct 20, 2025 |
| KeyBanc | Analyst unavailable | $170 | $155.39 | +22.6% | Oct 20, 2025 |
| Truist Financial | Analyst unavailable | $163 | $155.31 | +17.5% | Oct 8, 2025 |
| Robert W. Baird | Andrew Wittmann | $161 | $148.48 | +16.1% | Aug 27, 2025 |
| Citigroup | Andrew Kaplowitz | $166 | $143.54 | +19.7% | Oct 22, 2024 |
| Raymond James | Brian Gesuale | $160 | $138.91 | +15.4% | Oct 4, 2024 |
| Stifel Nicolaus | Bert Subin | $160 | $149.71 | +15.4% | Apr 2, 2024 |
| Truist Financial | Jamie Cook | $154 | $150.64 | +11.1% | Mar 13, 2024 |
| RBC Capital | Analyst unavailable | $155 | $127.91 | +11.8% | Aug 4, 2022 |
| Citigroup | Analyst unavailable | $151 | $129.52 | +8.9% | Aug 2, 2022 |
| Credit Suisse | Analyst unavailable | $154 | $129.52 | +11.1% | Aug 2, 2022 |
| Stifel Nicolaus | Bert Subin | $158 | $124.36 | +13.9% | Jun 29, 2022 |
| Citigroup | Andrew Kaplowitz | $163 | $127.74 | +17.5% | Feb 9, 2022 |
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Start freeCompany context
Snapshot as of publicationJacobs Solutions Inc. engages in the infrastructure and advanced facilities, and consulting businesses in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. The company provides consulting, planning, architecture, design, engineering, and infrastructure delivery services including project, program, and construction management and long-term operation of facilities. It also offers consulting services for consumer and manufacturing, defense and security, energy and utilities, financial services, government, health and life sciences, and transport sectors. The company was founded in 1947 and is headquartered in Dallas, Texas.
Historical context
All J earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CTAS Cintas Corporation | FY2027 Q1 · Calendar Q3 2026 | +3.0% | -3.4% | Cintas raises FY2027 guidance as Q1 growth broadens |
| PAYX Paychex, Inc. | FY2027 Q1 · Calendar Q3 2026 | +1.5% | -8.8% | Paychex maintains FY27 outlook as PEO and AI momentum strengthen |
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the J recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T02:20:44.070822+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T02:20:44.067985+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.