Jacobs Solutions (J) FY2024 results: revenue $11.5 billion, up 6.0% on the year
Jacobs Solutions Inc. (J) reported revenue of $11.5 billion for fiscal 2024, the year ended 27 September 2024, up 6.0% on the year before. Net income was $806 million, up 21.1%, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2024.
Revenue
$11.5 billion
+6.0% on the year
FY2017FY2024
Operating margin
6.0%
6.2% a year earlier
FY2017FY2024
Net income
$806 million
+21.1% on the year
FY2017FY2024
Diluted EPS
$6.32
+19.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,055
975
475
+8.2%
Capital expenditure
121
137
128
-11.9%
Free cash flow
934
837
347
+11.5%
Free cash flow margin
8.1%
7.7%
3.5%
Cash from investing
-127
-146
-538
Cash from financing
-752
-1,086
320
Depreciation and amortisation
99.2
103
102
-4.0%
Share-based compensation
74.2
74.3
53.4
-0.2%
Buybacks
403
266
282
+51.5%
Dividends paid
143
128
116
+11.2%
Dividend per share
n/a
$0.26
n/a
Diluted shares, weighted
126m
127m
129m
-1.0%
Shares outstanding at period end
124m
126m
127m
-1.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,549
6,546
6,060
-30.5%
Non-controlling interest
17.8
53.9
44.3
-66.9%
Redeemable equity
820
633
633
+29.6%
Debt
2,219
2,865
3,408
-22.6%
Operating lease liabilities
408
466
607
-12.5%
Other liabilities
3,745
4,053
3,908
-7.6%
Total liabilities and equity
11,759
14,617
14,660
-19.6%
Fixed assets
316
280
347
+12.8%
Goodwill
4,788
4,644
7,185
+3.1%
Intangible assets
875
951
1,394
-8.0%
Cash and equivalents
1,145
771
1,140
+48.5%
Receivables
2,845
2,431
3,405
+17.1%
Other assets
1,790
5,541
1,189
-67.7%
Total assets
11,759
14,617
14,660
-19.6%
10-K for the year ended 27 September 2024, filed 25 November 2024: the filing.