Latest Ratios: P/E Ratio 54.7x · EV/EBITDA 15.3x · ROE 5.8%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.4B | — | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $16.9B | — | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 54.74 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.28 | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 3.36 | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 25.33 | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 22.40 | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 15.31 | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 19.52 | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 24.8% | 24.6% | 25.0% | 26.4% | 21.6% | 19.1% | 19.4% | 18.9% | 17.7% | 16.1% |
| Operating Margin | 7.2% | 7.2% | 6.0% | 6.2% | 5.5% | 4.9% | 4.0% | 3.2% | 4.3% | 3.9% | 3.1% |
| Net Profit Margin | 2.4% | 2.4% | 7.0% | 6.1% | 6.6% | 3.4% | 3.6% | 6.7% | 1.2% | 2.9% | 1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.8% | 5.8% | 12.8% | 9.5% | 9.6% | 7.6% | 8.5% | 14.5% | 3.4% | 6.7% | 4.8% |
| ROA | 2.5% | 2.5% | 6.1% | 4.5% | 4.4% | 3.5% | 4.1% | 7.0% | 1.8% | 4.0% | 2.8% |
| ROIC | 9.9% | 9.9% | 6.1% | 5.2% | 4.2% | 6.1% | 5.7% | 4.3% | 8.5% | 7.3% | 5.9% |
| ROCE | 11.1% | 11.1% | 7.3% | 6.0% | 4.7% | 6.6% | 6.0% | 4.5% | 8.7% | 7.1% | 5.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.51 | 0.48 | 0.62 | 0.58 | 0.44 | 0.24 | 0.36 | 0.05 | 0.09 |
| Debt / EBITDA | 2.46 | 2.46 | 2.75 | 3.52 | 4.95 | 4.07 | 3.59 | 2.44 | 2.54 | 0.46 | 0.83 |
| Net Debt / Equity | — | 0.32 | 0.30 | 0.37 | 0.45 | 0.42 | 0.29 | 0.13 | 0.25 | -0.12 | -0.06 |
| Net Debt / EBITDA | 1.34 | 1.34 | 1.61 | 2.74 | 3.60 | 2.99 | 2.39 | 1.34 | 1.79 | -1.04 | -0.57 |
| Debt / FCF | — | 2.43 | 1.72 | 3.22 | 8.71 | 4.44 | 2.49 | — | 3.92 | -1.17 | -0.44 |
| Interest Coverage | 4.73 | 4.73 | 5.60 | 4.10 | 5.77 | 10.57 | 8.09 | 5.19 | 5.31 | 21.20 | 19.79 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.20 | 1.37 | 1.45 | 1.34 | 1.54 | 1.34 | 1.45 | 1.56 | 1.61 |
| Quick Ratio | 1.30 | 1.30 | 1.20 | 1.37 | 1.45 | 1.34 | 1.54 | 1.34 | 1.45 | 1.56 | 1.61 |
| Cash Ratio | 0.37 | 0.37 | 0.46 | 0.23 | 0.35 | 0.32 | 0.41 | 0.35 | 0.20 | 0.40 | 0.37 |
| Asset Turnover | — | 1.07 | 0.98 | 0.74 | 0.67 | 0.96 | 1.10 | 1.11 | 1.18 | 1.36 | 1.49 |
| Inventory Turnover | — | — | — | — | — | — | — | 10778.19 | — | — | — |
| Days Sales Outstanding | — | 90.69 | 90.30 | 81.77 | 127.05 | 80.33 | 85.21 | 81.39 | 61.24 | 76.57 | 70.43 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 52.7% | 52.7% | 17.7% | 19.3% | 18.0% | 23.4% | 19.9% | 10.7% | 45.9% | 18.5% | 2.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.9% | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 4.9% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 5.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $120M | $126M | $127M | $129M | $131M | $133M | $138M | $139M | $120M | $121M |
Operational margin volatility
Based on reported figures, Jacobs' TTM P/E of 52.81 appears significantly elevated compared to peers like AECOM, suggesting that the market is currently pricing in a recovery or growth trajectory that remains unsupported by the company's recent negative net income and volatile earnings performance.
The wide gap between the TTM P/E and the forward P/E of 17.36 indicates that investors are heavily discounting current earnings volatility as a temporary byproduct of the recent spin-off. However, given the lack of a clear PEG ratio and the ongoing margin compression, this valuation may be overly optimistic if the firm fails to achieve the expected operational efficiencies in its Divergent Solutions segment.
As reported in financial statements, Jacobs' ROIC has trended downward into negative territory, reaching -0.8% in 2026Q2, which highlights a significant erosion in the company's ability to generate returns on invested capital compared to the more stable performance observed in previous fiscal periods.
The decline in ROIC suggests that the capital deployed into the business is currently failing to generate adequate returns, likely exacerbated by the integration costs and the loss of the higher-margin government services arm. This trend warrants further investigation into whether the current asset base is being utilized effectively or if the company is over-capitalized relative to its current project pipeline.
According to recent quarterly data, Jacobs' asset turnover has remained suppressed at 0.31 in 2026Q2, while DSO has fluctuated significantly, indicating that the company is struggling to maintain efficient working capital cycles during its ongoing operational realignment and transition to a leaner business model.
The inability to optimize the cash conversion cycle, evidenced by the erratic DSO trends, suggests potential friction in project billing and collection processes. Investors should monitor whether these inefficiencies are structural or merely temporary bottlenecks resulting from the recent corporate separation and the associated changes in client contract structures.
Based on the latest quarterly filings, Jacobs' debt-to-equity ratio has climbed to 1.39 in 2026Q2, a sharp increase from historical levels, which suggests that the company's financial flexibility is becoming increasingly constrained as it navigates a period of negative operating margins and reduced cash flow generation.
The rising leverage profile, combined with an interest coverage ratio that has turned negative, indicates that debt service may become a significant burden if operational performance does not improve rapidly. This shift in the balance sheet risk profile suggests that the company has less room for error in its capital allocation and project execution strategies.
The P/E ratio is frequently misapplied to Jacobs, as it fails to account for the significant impact of pass-through costs and non-recurring restructuring charges that distort net income, making it a poor metric for assessing the underlying earning power of this engineering-focused business model.
Analysts should instead prioritize metrics like EV/EBITDA or free cash flow yield, which better capture the operational reality of a project-based firm. Relying on P/E in the current environment obscures the true margin profile and the potential for cash flow volatility inherent in the company's current contract mix.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying J stock.
Jacobs Solutions Inc.'s current P/E ratio is 54.7x. This places it at the 50th percentile of its historical range.
Jacobs Solutions Inc.'s current EV/EBITDA is 15.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Jacobs Solutions Inc.'s return on equity (ROE) is 5.8%. The historical average is 11.9%.
Based on historical data, Jacobs Solutions Inc. is trading at a P/E of 54.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Jacobs Solutions Inc.'s current dividend yield is 0.98% with a payout ratio of 52.7%.
Jacobs Solutions Inc. has 24.8% gross margin and 7.2% operating margin.
Jacobs Solutions Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.