Jacobs sees robust infrastructure pipeline after posting strong FY25 earnings
(UI) - Jacobs Solutions reported solid fiscal fourth-quarter and full-year 2025 results, highlighted by revenue growth across its water, transportation, energy and advanced facilities markets, along with a record company backlog that signals sustained demand for infrastructure services heading into 2026.
The company posted Q4 gross revenue of $3.2 billion, up 6.6% year-over-year, with adjusted net revenue up 5.8%. Adjusted EBITDA grew 12% to $324 million. While GAAP earnings declined due to prior-year mark-to-market gains related to Jacobs’ former stake in Amentum, adjusted EPS rose 27.7%, reflecting core operational strength.
For the full fiscal year, gross revenue reached $12.0 billion, a 4.6% increase, with adjusted net revenue up 5.3%. Adjusted EBITDA climbed 13.9%, and adjusted EPS grew nearly 16%. Cash conversion exceeded 100% for the year.
Infrastructure demand continued to fuel results, with growth driven by life sciences, water, energy & power, transportation, data centers, and advanced facilities. Jacobs also noted increasing momentum at PA Consulting, which contributed positively across the portfolio.
Backlog finished the fiscal year at a record $23.1 billion, up 5.6% year-over-year, with a trailing twelve-month book-to-bill ratio of 1.1x.
Chair and CEO Bob Pragada said the company sees “multiple secular tailwinds” supporting continued growth in FY26, noting strong market fundamentals across water, energy transition, resilient infrastructure, and technology-driven facility upgrades. CFO Venk Nathamuni emphasized continued margin expansion and shareholder returns, with $1.1 billion returned via dividends and share repurchases in FY25.
For fiscal 2026, Jacobs is forecasting 6–10% adjusted net revenue growth, adjusted EPS between $6.90 and $7.30, and free cash flow margins between 7–8%, reflecting expectations for another year of infrastructure-led profitability.
Related News
From Archive
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Alaska LNG pipeline could require 7,000 workers at peak construction, developers say
- Ohio trench collapse kills one worker, injures two during pipe installation
- Elon Musk's Boring Co. fined for dumping drilling waste into Vegas sewer system
- $1.4 billion Midwest pipeline expansion to move more Canadian oil to U.S. Gulf
- Glenfarne Alaska LNG targets late-2026 construction start for 807-mile pipeline project
- Fatal trench collapse halts sewer construction in Massachusetts; two workers hospitalized
- Massive water line failure leaves majority of Waterbury without service
- Infrastructure failure releases 100,000 gallons of wastewater in Houston; repairs ongoing
- Pennsylvania American Water launches interactive map to identify, replace lead water service lines
Comments