Upside case
Bull case
$359+196.8%
J would need investors to value it at roughly 50x earnings — about 33x more generous than today's 17x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Jacobs Solutions Inc. (J) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
38
analysts
24 bullish · 0 bearish · 38 covering J
Strong Buy
0
Buy
24
Hold
14
Sell
0
Strong Sell
0
Consensus Target
$157
+29.9% vs today
Scenario Range
$172 – $359
Model bear to bull value window
Coverage
38
Published analyst ratings
Valuation Context
16.7x
Forward P/E · Market cap $14.3B
J price targets
Three scenarios for where J stock could go
Current
~$121
Confidence
43 / 100
Updated
Jun 18, 2026
Where we are now
Current · $121
Bear
$172
Base
$272
Bull
$359
Market caseClosest to today
Base case
$272+125.2%
At 38x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$172+41.9%
The bear case assumes sentiment or fundamentals disappoint enough to push J down roughly 42% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Jacobs Solutions Inc.
J · NYSETechnologySoftware - ServicesSeptember year-end
Jacobs Solutions is a global professional services firm that provides engineering, design, and consulting services for infrastructure, facilities, and government projects. It generates revenue primarily through project-based consulting fees — with major segments including critical mission solutions (government/defense), people & places solutions (infrastructure), and PA consulting (digital/tech advisory). The company's competitive advantage lies in its deep technical expertise, long-term government contracts, and global scale that creates barriers to entry for smaller competitors.
Market Cap
$14.3B
Revenue TTM
$13.2B
Net Income TTM
$390M
Net Margin
3.0%
J Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+3.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$1.62/$1.53
Revenue
$3.0B/$3.1B
Q4 2025
EPS
$1.75/$1.68
Revenue
$3.2B/$3.1B
Q1 2026
EPS
$1.53/$1.52
Revenue
$2.3B/$3.1B
Q2 2026
EPS
$1.75/$1.63
Revenue
$2.3B/$2.3B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.62/$1.53 | +5.9% | $3.0B/$3.1B | -1.3% |
| Q4 2025 | $1.75/$1.68 | +4.2% | $3.2B/$3.1B | +0.3% |
| Q1 2026 | $1.53/$1.52 | +0.7% | $2.3B/$3.1B | -27.1% |
| Q2 2026 | $1.75/$1.63 | +7.4% | $2.3B/$2.3B | +2.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$13.9B
+5.7% YoY
FY2
$14.6B
+5.1% YoY
EPS Outlook
FY1
$5.00
+52.5% YoY
FY2
$6.05
+21.2% YoY
Trailing FCF (TTM)$484M
FCF Margin: 3.7%
Next Earnings
August 4, 2026
Expected EPS
$1.84
Expected Revenue
$2.4B
J beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
J Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $12.0B
Product Mix
Latest annual revenue by segment or product family
Infrastructure & Advanced Facilities
89.5%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
61.6%
+3.3% YoY
Tap, hover, or focus a slice to inspect segment detail.
Infrastructure & Advanced Facilities is the largest disclosed segment at 89.5% of FY 2025 revenue, with no year-over-year comparison yet.
UNITED STATES is the largest reported region at 61.6%, up 3.3% YoY.
J Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $88 — implies -27.0% from today's price.
Premium to Fair Value
27.0%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
J
50.8x
vs
S&P 500
24.4x
+108% premium
vs Technology Trailing P/E
J
50.8x
vs
Technology
29.0x
+75% premium
vs J 5Y Avg P/E
Today
50.8x
vs
5Y Average
—
Benchmark unavailable
Forward PE
16.7x
S&P 500
18.8x
-11%
Technology
22.3x
-25%
5Y Avg
—
—
Trailing PE
50.8x
S&P 500
24.4x
+108%
Technology
29.0x
+75%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
14.3x
S&P 500
15.2x
-6%
Technology
16.6x
-14%
5Y Avg
—
—
Price/FCF
23.5x
S&P 500
20.7x
+14%
Technology
19.2x
+22%
5Y Avg
—
—
Price/Sales
1.2x
S&P 500
3.1x
-62%
Technology
2.4x
-51%
5Y Avg
—
—
Dividend Yield
1.05%
S&P 500
1.91%
-45%
Technology
1.11%
-5%
5Y Avg
—
—
| Metric | J | S&P 500 | Technology | 5Y Avg J |
|---|---|---|---|---|
| Forward PE | 16.7x | 18.8x-11% | 22.3x-25% | — |
| Trailing PE | 50.8x | 24.4x+108% | 29.0x+75% | — |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 14.3x | 15.2x | 16.6x-14% | — |
| Price/FCF | 23.5x | 20.7x+14% | 19.2x+22% | — |
| Price/Sales | 1.2x | 3.1x-62% | 2.4x-51% | — |
| Dividend Yield | 1.05% | 1.91% | 1.11% | — |
J trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolJ Financial Health
Verdict
Adequate
J returns 6.3% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$13.2B
Revenue Growth
TTM vs prior year
+74.1%
Gross Margin
Gross profit as a share of revenue
23.4%
Operating Margin
Operating income divided by revenue
4.8%
Net Margin
Net income divided by revenue
3.0%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.28
Free Cash Flow (TTM)
Cash generation after capex
$484M
FCF Margin
FCF as share of revenue — the primary cash quality signal
3.7%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
9.9%
ROA
Return on assets, trailing twelve months
3.4%
Cash & Equivalents
Liquid assets on the balance sheet
$1.2B
Net Debt
Total debt minus cash
$1.5B
Debt Serviceability
Net debt as a multiple of annual free cash flow
3.0× FCF
~3.0 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
9.1%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
6.3%
Dividend
1.1%
Buyback
5.3%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$754M
Dividend / Share
Annualized trailing dividend per share
$1.27
Payout Ratio
Share of earnings distributed as dividends
52.7%
Shares Outstanding
Declining as buybacks retire shares
118M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageJ Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
Medium
Near-term price softness
Despite operational strength, Jacobs Solutions Inc. faces near-term price softness that could impact investor sentiment.
Lower
Guidance execution risk
While FY 2026 guidance has been raised, there is inherent risk in meeting these elevated expectations.
Medium
Market positioning challenges
Investors should monitor strategic pillars and market positioning, as missteps could lead to underperformance.
High Risk
Financial health concerns
A deep dive into Jacobs Solutions Inc.'s financial health is critical, as underlying weaknesses could pose significant risks.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why J Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Infrastructure contract wins
Jacobs Solutions secured new contracts for water and wastewater infrastructure expansion and modernization, as well as EPCM services for a high-performance computing data center, showcasing its strong project pipeline.
Strong financial performance
The company reported significant year-over-year growth in revenue, adjusted EBITDA, and GAAP net earnings, highlighting its financial resilience and profitability.
Dual exposure to key sectors
Jacobs' recent wins in infrastructure and high-performance computing demonstrate its diversified exposure to high-growth industries, enhancing its revenue stability.
Investor engagement
Jacobs actively showcases its strategies and achievements through events and presentations, fostering transparency and confidence among investors and stakeholders.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
J Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$120.97
52W Range Position
31%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$105.68
+14.5% from the low
52-Week High
$154.72
-21.8% from the high
1 Month
+6.48%
3 Month
-5.36%
YTD
-10.6%
1 Year
-19.7%
3Y CAGR
-7.0%
5Y CAGR
-4.3%
10Y CAGR
-2.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
J vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
16.7x
vs 17.7x median
-6% below peer median
Revenue Growth
+5.7%
vs +7.7% median
-26% below peer median
Net Margin
3.0%
vs 3.7% median
-20% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
J J Jacobs Solutions Inc. | $14.3B | 16.7x | +5.7% | 3.0% | Buy | +29.9% |
ACM ACM Aecom | $8.8B | 11.5x | +5.5% | 3.2% | Buy | +60.7% |
KBR KBR KBR, Inc. | $4.2B | 8.6x | +2.8% | 5.2% | Buy | +31.0% |
TTE TTEK Tetra Tech, Inc. | $7.1B | 17.7x | +7.7% | 9.0% | Hold | +27.9% |
PWR PWR Quanta Services, Inc. | $105.4B | 50.2x | +13.2% | 3.7% | Buy | -4.0% |
MTZ MTZ MasTec, Inc. | $29.9B | 43.0x | +11.4% | 3.0% | Buy | +9.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
J Dividend and Capital Return
J returns capital mainly through $754M/year in buybacks (5.3% buyback yield), with a modest 1.05% dividend — combining for 6.3% total shareholder yield. The dividend has grown for 7 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
6.3%
Dividend + buyback return per year
Buyback Yield
5.3%
Dividend Yield
1.05%
Payout Ratio
52.7%
How J Splits Its Return
Div 1.05%
Buyback 5.3%
Dividend 1.05%Buybacks 5.3%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.27
Growth Streak
Consecutive years of dividend increases
7Y
3Y Div CAGR
11.6%
5Y Div CAGR
12.9%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$754M
Estimated Shares Retired
6M
Approx. Share Reduction
5.3%
Shares Outstanding
Current diluted share count from the screening snapshot
118M
At 5.3%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw |
|---|---|---|
| 2026 | $0.72 | — |
| 2025 | $1.28 | +20.5% |
| 2024 | $1.06 | +6.5% |
| 2023 | $1.00 | +8.4% |
| 2022 | $0.92 | +19.3% |
FAQ
7 questionsJ Investor Questions
Common questions answered from live analyst data and company financials.
01Is Jacobs Solutions Inc. (J) stock a buy or sell in 2026?
Jacobs Solutions Inc. (J) is rated Buy by Wall Street analysts as of 2026. Of 38 analysts covering the stock, 24 rate it Buy or Strong Buy, 14 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $157, implying +29.9% from the current price of $121. The bear case scenario is $172 and the bull case is $359.
02What is the J stock price target for 2026?
The Wall Street consensus price target for J is $157 based on 38 analyst estimates. The high-end target is $175 (+44.7% from today), and the low-end target is $137 (+13.3%). The base case model target is $272.
03Is Jacobs Solutions Inc. (J) stock overvalued in 2026?
J trades at 16.7x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Jacobs Solutions Inc. (J) stock in 2026?
The primary risks for J in 2026 are: (1) Financial health concerns — A deep dive into Jacobs Solutions Inc. (2) Near-term price softness — Despite operational strength, Jacobs Solutions Inc. (3) Market positioning challenges — Investors should monitor strategic pillars and market positioning, as missteps could lead to underperformance. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Jacobs Solutions Inc.'s revenue and earnings forecast?
Analyst consensus estimates J will report consensus revenue of $13.9B (+5.7% year-over-year) and EPS of $5.00 (+52.5% year-over-year) for the upcoming fiscal year. The following year, analysts project $14.6B in revenue.
06When does Jacobs Solutions Inc. (J) report its next earnings?
Jacobs Solutions Inc. is expected to report its next earnings on approximately 2026-08-04. Consensus expects EPS of $1.84 and revenue of $2.4B. Over recent quarters, J has beaten EPS estimates 67% of the time.
07How much free cash flow does Jacobs Solutions Inc. generate?
Jacobs Solutions Inc. (J) generated $484M in free cash flow over the trailing twelve months — a free cash flow margin of 3.7%. J returns capital to shareholders through dividends (1.1% yield) and share repurchases ($754M TTM).