| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 42 | 50.5x | 17.8x | Around median | |
Growth | 29 | 20.1% | 7.1% | Bottom tier | |
Quality | 58 | 6.5% | 4.5% | Around median | |
Safety | 55 | 3.3x | 2.6x | Around median | |
Capital Return | 48 | 0.96% | 2.12% | Around median | |
Momentum | 56 | -5.3% | 2.9% | Around median | |
Sentiment | 62 | 9 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Jacobs Solutions provides engineering, consulting, and program management services for complex projects, with its operations concentrated in the Infrastructure & Advanced Facilities I&AF segment and the PA Consulting segment. Sources of demand include AI data centers, semiconductors, life sciences, transportation, energy, water, environmental services, and defense, while its services range from consulting and design to digital twins and full program delivery; revenue and earnings growth comes from increased project volume, improved resource utilization, global delivery, and keeping operating expense growth below revenue growth.
In Q3 fiscal 2026, total revenue increased by more than 34% year over year, and adjusted net revenue grew organically by more than 8%. I&AF net revenue reached approximately $2.1 billion, up 10% and at a quarterly record, while PA Consulting revenue was roughly flat; operating profit for the two segments increased 14% and 2%, respectively, with PA Consulting’s operating margin exceeding 22%.
Adjusted earnings before interest, taxes, depreciation, and amortization reached $367 million in Q3 fiscal 2026, up 17%, and its margin expanded 109 basis points to 15.2%. Adjusted earnings per share rose 14% to $1.84, marking the sixth consecutive quarter of double-digit growth, while backlog reached a record $29 billion, up more than 27%.
Analyst consensus rates Jacobs Solutions stock a “Buy,” with an average price target of $162.57 and a range between $150 and $174; the average is approximately 3.5% below the 52-week high of $168.44, while the highest target exceeds that high by approximately 3.3%. In contrast, the 51.5 times price-to-earnings ratio cited in August 12, 2026 news indicates a valuation that requires continued backlog growth and margin improvement, while the wide 52-week range between $105.68 and $168.44 highlights the stock’s sensitivity to revaluation if execution slows.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Adjusted net revenue increased organically by more than 8%, while total revenue rose by more than 34% year over year. Adjusted earnings before interest, taxes, depreciation, and amortization reached $367 million, up 17%, and its margin expanded 109 basis points to 15.2%. Adjusted earnings per share increased 14% to $1.84, and backlog reached a record $29 billion.
Direct construction work related to AI represented 11% of adjusted net revenue in Q3 fiscal 2026, up approximately 100 basis points from the previous quarter. Management stated that data center backlog nearly doubled and the opportunity pipeline tripled, with visibility extending from two to three years. One of the most notable contracts is Hut 8’s Beacon Point in Texas, a campus designed for 1 gigawatt of total capacity and targeting initial operations in 2027.
The company raised its adjusted net revenue growth range to 9.5%–10% for fiscal 2026. It also raised expected adjusted earnings per share to $7.20–$7.30 and set the adjusted earnings before interest, taxes, depreciation, and amortization margin at 14.7%–14.8% and the adjusted free cash flow margin at 8%. For Q4 fiscal 2026, it expects approximately 14% net revenue growth and a margin of approximately 16%, noting that the additional week adds approximately six to seven percentage points to growth.
Automated analysis for informational purposes only — not investment advice.
Life sciences and advanced manufacturing net revenue grew 24% in Q3 fiscal 2026, supported by data centers and semiconductors. Critical infrastructure grew 9%, led by transportation and energy activities, including double-digit growth in energy and transmission and distribution within the United States. In contrast, water and environmental activity grew by slightly more than 1%, with continued strength in water and year-over-year pressure in environmental operations.
Jacobs was selected to provide program management and technical environmental services for the U.S. Navy’s environmental restoration program, including sites associated with PFAS materials and munitions. It is also working to modernize approximately 40 miles of the Strawberry High Line Canal as part of the approximately $1.5 billion Nebo Regional Water Project. In data centers, it secured an exclusive EPCM contract for Hut 8’s Beacon Point campus after working on River Bend, reflecting repeat business with the same client.
The most immediate operating risks are limited water and environmental growth of slightly more than 1%, nearly flat PA Consulting revenue, and the limited temporary pause in some Middle East operations. The Q4 fiscal 2026 growth forecast of approximately 14% also benefits by six to seven percentage points from an additional week, making adjusted growth approximately 8%. From a valuation perspective, the 51.5 times price-to-earnings ratio increases the stock’s sensitivity to any slowdown in converting the $29 billion backlog into revenue and earnings. Patrick Hill’s $2.48 million share sale on August 7, 2026 is only a secondary monitoring factor because such sales may be prearranged.
