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Nov 20, 2025 12:00 PM

Jacobs Hits Record $23 Billion Backlog And Targets Strong 2026

Jacobs Solutions Inc. (NYSE:J) stock rose after it reported fourth-quarter and full-year fiscal 2025 results that showed revenue growth and higher adjusted earnings, while GAAP profit declined due to prior-year mark-to-market gains tied to its former Amentum stake. The stock has since given up its gains and is now trading lower. 

The company reported fourth-quarter gross revenue of $3.2 billion, a 6.6% increase from the same period a year earlier, and adjusted net revenue of $2.2 billion, up 5.8%.

Quarterly GAAP net earnings were $138 million, down 55.4%, while adjusted EBITDA increased 12% to $324 million. GAAP EPS fell 55.9% to $1.05.

Also Read: Jacobs Bags UK Public Sector Advisory Contract Through 2027

Adjusted EPS for the quarter was $1.75, compared with an estimate of $1.68, and revenue of $3.155 billion exceeded the $2.261 billion estimate.

The backlog reached a new record of $23.1 billion, representing a 5.6% year-over-year increase, with a book-to-bill ...