What is the primary revenue source for Jacobs Solutions (J)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze J's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Jacobs Solutions's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Jacobs Solutions Makes Money: J Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

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Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 90.58% of revenue, indicating concentration.

Operating margin declined by 3.39 percentage points year over year.

Revenue: USD 11.06B
Largest revenue segment share (Infrastructure & Advanced Facilities): 90.58%
Cost of revenue: USD 8.69B
Selling, general and administrative: USD 1.93B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

RevenueRevenues · RevenueFromContractWithCustomerIncludingAssessedTax
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Infrastructure & Advanced Facilities)Infrastructure & Advanced Facilities · segment_value / revenue * 100
Operating marginSegment operating profit · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

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Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Goodwill accounts for 40.5% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 4.76B
Accounts receivable: USD 3.76B
Cash and cash equivalents: USD 1.17B
Shareholder equity: USD 3.25B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Shareholder equityTotal group stockholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
GoodwillGoodwill · Goodwill
Accounts receivableReceivables and contract assets · ReceivablesNetCurrent

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow remains positive after capital expenditure.

Operating cash flow: USD 352.76M
Free cash flow: USD 291.04M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

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Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 123.44M
Share repurchases: USD 614.06M
Stock issuance proceeds: USD 26.18M
Net shareholder return: USD 711.32M

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from issuances of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?