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JACOBS SOLUTIONS INC. FY 2025 10-K, explained in plain English

J · 10-K for the period ending September 26, 2025, filed November 20, 2025 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$12.0B
Gross margin24.8%
Operating income$863.6M
Net income$289.3M
Diluted EPS$2.38
Cash & equivalents$1.2B
Total assets$11.3B
Long-term debt$2.2B

Key takeaway

Revenue grew 4.6% to $12.03 billion, led by the Infrastructure & Advanced Facilities segment's Advanced Facilities and APME businesses plus PA Consulting growth.

🔒 4 more takeaways in the full analysis

Beneath the surface

The effective tax rate jumped to 39.7% from 16.9%, driven largely by non-deductible mark-to-market losses on the Amentum investment ($51.99 million tax impact) and the absence of a prior-year $61.6 million Australian subsidiary tax benefit, masking underlying tax trends.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for J.

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