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Jacobs: backlog strength now has to outrun leverage and margin noise

JResearch reportPosted by Goglides ResearchMay 20, 2026
NYSEJCoverage BootstrapJacobs Solutions Inc.

Thesis summary

Jacobs reported fiscal 2025 revenue of $12.03 billion, operating income of $863.6 million and $1.37 billion of latest cash. The Coverage Bootstrap question is whether backlog, infrastructure demand and technical-services depth can offset higher latest debt and uneven quarterly profit conversion.

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Jacobs reported fiscal 2025 revenue of $12.03 billion, operating income of $863.6 million and $1.37 billion of latest cash. The Coverage Bootstrap question is whether backlog, infrastructure demand and technical-services depth can offset higher latest debt and uneven quarterly profit conversion.

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