Jacobs Engineering Group Inc. (J) Balance Sheet
J balance sheet, FY2025
September 30, 2025 · U.S. dollars$11.25B assets = $6.59B liabilities + $4.67B equity
Both columns are drawn to the same scale: what J owns equals what it owes plus shareholders’ equity. Hover a block for its value.
J financial health
Current ratio1.30
Adequate · current assets cover current liabilities 1.30×
Debt / equity0.74
Moderate leverage · $0.74 of debt for each $1 of equity
Equity / assets32.4%
Balanced · of assets funded by shareholders
Cash / debt45.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles48.9%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
J balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.36BFY2016 | $11.25BFY2025 | +4.8%/yr | |
| Total liabilities | $3.03BFY2016 | $6.59BFY2025 | +9.0%/yr | |
| Shareholders’ equity | $4.27BFY2016 | $3.64BFY2025 | −1.7%/yr | |
| Cash & short-term investments | $655.7MFY2016 | $1.24BFY2025 | +7.3%/yr | |
| Total debt | $387.8MFY2016 | $2.71BFY2025 | +24.1%/yr | |
| Net cash (debt) | $268.0MFY2016 | −$1.47BFY2025 | −$1.7B | |
| Working capital | $1.08BFY2016 | $1.01BFY2025 | −$73.4M | |
| Book value per share | $35.11FY2016 | $30.32FY2025 | −1.6%/yr | |
| Current ratio | 1.61FY2016 | 1.30FY2025 | −0.31 | |
| Debt / equity | 0.09FY2016 | 0.74FY2025 | +0.65 | |
| Shares outstanding | 121.5MFY2016 | 120.1MFY2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
J assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
J liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
J debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
J balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.24B | $1.89B | $770.9M | $1.14B | $1.01B | $1.21B | $1.08B | $634.9M | $774.2M | $655.7M |
| Cash & equivalents | $1.24B | $1.14B | $770.9M | $1.14B | $1.01B | $862.4M | $631.1M | $634.9M | $774.2M | $655.7M |
| Short-term investments | $0 | $749.5M | $190.3M | — | $0 | $347.5M | $451.1M | — | — | — |
| Receivables | $2.99B | $2.85B | $2.43B | $3.41B | $3.10B | $3.17B | $2.84B | $2.51B | $2.10B | $2.12B |
| Inventory | $0 | $0 | $0 | $1 | $0 | $0 | $952,000 | $1 | $1 | $1 |
| Other current assets | $134.8M | $155.9M | $1.49B | $176.1M | $176.2M | $162.4M | $188.4M | $1.43B | $119.5M | $93.1M |
| Total current assets | $4.36B | $4.90B | $4.69B | $4.72B | $4.29B | $4.54B | $4.11B | $4.58B | $3.00B | $2.86B |
| Property, plant & equipment (net) | $426.5M | $619.5M | $604.6M | $823.6M | $1.00B | $896.3M | $308.1M | $257.9M | $349.9M | $319.7M |
| Goodwill & intangible assets | $5.50B | $5.66B | $5.59B | $8.58B | $8.76B | $6.30B | $6.10B | $5.37B | $3.34B | $3.42B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $377.9M | $502.6M | $275.5M | $300.6M |
| Other non-current assets | $968.3M | $580.9M | $3.73B | $536.1M | $574.7M | $621.0M | $567.3M | $1.96B | $416.5M | $458.7M |
| Total assets | $11.25B | $11.76B | $14.62B | $14.66B | $14.63B | $12.35B | $11.46B | $12.66B | $7.38B | $7.36B |
| Liabilities | ||||||||||
| Accounts payable | $1.26B | $1.03B | $922.4M | $966.8M | $908.4M | $1.06B | $1.07B | $776.2M | $683.6M | $522.4M |
| Short-term debt | $111.0M | $995.7M | $187.7M | $200.6M | $225.9M | $164.3M | $199.9M | $3.2M | $3.1M | $2.4M |
| Deferred revenue | $940.6M | $967.1M | $709.2M | $641.7M | $542.1M | $465.6M | $593.4M | $442.8M | $299.9M | $319.5M |
| Total current liabilities | $3.35B | $4.08B | $3.42B | $3.25B | $3.21B | $2.94B | $3.07B | $3.15B | $1.93B | $1.78B |
| Long-term debt | $2.24B | $1.35B | $2.81B | $3.36B | $2.84B | $1.68B | $1.20B | $2.15B | $235.0M | $385.3M |
| Lease obligations | $473.4M | $527.8M | $695.3M | $757.6M | $930.8M | $899.5M | — | — | — | — |
| Other long-term liabilities | $998.6M | $943.2M | $1.15B | $1.32B | $1.95B | $1.88B | $1.42B | $1.41B | $732.3M | $861.8M |
| Total liabilities | $6.59B | $6.37B | $7.38B | $7.92B | $8.00B | $6.50B | $5.69B | $6.70B | $2.89B | $3.03B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $119.1M | $124.1M | $126.0M | $127.4M | $128.9M | $129.7M | $132.9M | $142.2M | $120.4M | $121.0M |
| Retained earnings (deficit) | $1.53B | $2.37B | $4.54B | $4.23B | $4.02B | $4.02B | $3.94B | $3.82B | $3.72B | $3.59B |
| Accumulated other comprehensive income | −$710.4M | −$699.5M | −$858.0M | −$975.1M | −$794.4M | −$933.1M | −$916.8M | −$806.7M | −$653.5M | −$610.6M |
| Minority interest | $1.03B | $838.0M | $686.8M | $44.3M | $34.8M | — | — | $90.0M | $59.0M | $64.9M |
| Total shareholders' equity | $3.64B | $4.55B | $6.55B | $6.06B | $5.94B | $5.82B | $5.71B | $5.87B | $4.43B | $4.27B |
| Key figures | ||||||||||
| Total debt | $2.71B | $2.75B | $3.47B | $4.17B | $3.82B | $2.58B | $1.40B | $2.15B | $238.1M | $387.8M |
| Net cash (debt) | −$1.47B | −$857.9M | −$2.70B | −$3.02B | −$2.81B | −$1.37B | −$318.9M | −$1.51B | $536.1M | $268.0M |
| Working capital | $1.01B | $815.8M | $1.27B | $1.47B | $1.08B | $1.60B | $1.04B | $1.43B | $1.07B | $1.08B |
| Tangible book value | −$1.86B | −$1.11B | $951.3M | −$2.52B | −$2.82B | −$481.7M | −$382.9M | $500.5M | $1.09B | $848.7M |
| Book value per share | $30.32 | $36.14 | $51.46 | $46.82 | $45.25 | $43.82 | $41.44 | $42.31 | $36.86 | $35.11 |
| Shares outstanding | 120.1M | 125.9M | 127.2M | 129.4M | 131.3M | 132.7M | 137.9M | 138.7M | 120.1M | 121.5M |
| Current ratio | 1.30 | 1.20 | 1.37 | 1.45 | 1.34 | 1.54 | 1.34 | 1.45 | 1.56 | 1.61 |
| Quick ratio | 1.26 | 1.16 | 0.94 | 1.40 | 1.28 | 1.49 | 1.28 | 1.00 | 1.49 | 1.55 |
| Debt / equity | 0.74 | 0.60 | 0.53 | 0.69 | 0.64 | 0.44 | 0.25 | 0.37 | 0.05 | 0.09 |
| Equity / assets | 32.4% | 38.7% | 44.8% | 41.3% | 40.6% | 47.1% | 49.9% | 46.4% | 60.0% | 58.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.18B | $1.37B | $1.55B | $1.24B | $1.29B | $1.38B | $1.90B | $1.89B | $1.21B | $1.03B | $1.14B | $770.9M |
| Cash & equivalents | $1.17B | $1.37B | $1.55B | $1.24B | $1.29B | $1.20B | $1.30B | $1.14B | $1.21B | $1.03B | $1.14B | $770.9M |
| Short-term investments | $6.2M | — | — | $0 | $0 | $175.9M | $597.9M | $749.5M | $9.7M | — | — | $0 |
| Receivables | $3.76B | $3.56B | $3.06B | $2.99B | $3.05B | $2.90B | $2.91B | $2.85B | $3.77B | $3.77B | $3.68B | $2.43B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$9.7M | $1 | $0 | $0 |
| Other current assets | $149.8M | $287.1M | $144.0M | $134.8M | $130.2M | $168.2M | $136.9M | $155.9M | $164.4M | $189.5M | $156.5M | $1.49B |
| Total current assets | $5.09B | $5.21B | $4.76B | $4.36B | $4.47B | $4.44B | $4.95B | $4.90B | $5.14B | $5.00B | $4.98B | $4.69B |
| Property, plant & equipment (net) | $622.4M | $609.7M | $604.9M | $426.5M | $607.3M | $575.2M | $580.8M | $619.5M | $750.1M | $734.4M | $759.1M | $604.6M |
| Goodwill & intangible assets | $5.25B | $5.40B | $5.48B | $5.50B | $5.59B | $5.50B | $5.48B | $5.66B | $8.56B | $8.61B | $8.69B | $5.59B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $784.6M | $714.2M | $775.6M | $968.3M | $743.6M | $689.8M | $604.4M | $580.9M | $599.1M | $554.1M | $528.2M | $3.73B |
| Total assets | $11.74B | $11.94B | $11.61B | $11.25B | $11.41B | $11.21B | $11.61B | $11.76B | $15.05B | $14.90B | $14.95B | $14.62B |
| Liabilities | ||||||||||||
| Accounts payable | $1.78B | $1.48B | $1.26B | $1.26B | $1.13B | $991.7M | $985.0M | $1.03B | $1.26B | $1.16B | $1.11B | $922.4M |
| Short-term debt | $114.7M | $120.4M | $111.7M | $111.0M | $110.0M | $110.0M | $932.8M | $995.7M | $972.8M | $987.5M | $208.3M | $187.7M |
| Deferred revenue | $1.02B | $925.7M | $1.16B | $940.6M | $992.3M | $947.0M | $1.01B | $967.1M | $965.4M | $919.4M | $945.9M | $709.2M |
| Total current liabilities | $3.95B | $3.64B | $3.58B | $3.35B | $3.21B | $2.96B | $3.94B | $4.08B | $4.50B | $4.27B | $3.64B | $3.42B |
| Long-term debt | $3.58B | $4.08B | $2.49B | $2.24B | $2.51B | $2.63B | $1.72B | $1.35B | $2.09B | $2.16B | $2.83B | $2.81B |
| Lease obligations | $475.3M | $473.9M | $473.6M | $473.4M | $495.6M | $481.6M | $498.3M | $527.8M | $629.9M | $651.4M | $675.1M | $695.3M |
| Other long-term liabilities | $960.4M | $936.1M | $1.01B | $998.6M | $959.3M | $922.9M | $928.9M | $943.2M | $1.04B | $1.06B | $1.08B | $1.15B |
| Total liabilities | $8.49B | $8.66B | $7.07B | $6.59B | $6.67B | $6.52B | $6.59B | $6.37B | $7.64B | $7.49B | $7.56B | $7.38B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $117.1M | $118.2M | $117.6M | $119.1M | $119.7M | $120.4M | $122.9M | $124.1M | $124.3M | $125.2M | $125.6M | $126.0M |
| Retained earnings (deficit) | $946.5M | $963.2M | $1.33B | $1.53B | $1.66B | $1.82B | $2.18B | $2.37B | $4.56B | $4.58B | $4.60B | $4.54B |
| Accumulated other comprehensive income | −$732.6M | −$715.7M | −$686.1M | −$710.4M | −$657.6M | −$780.0M | −$832.2M | −$699.5M | −$806.4M | −$811.2M | −$781.6M | −$858.0M |
| Minority interest | −$13.8M | −$8.4M | $1.10B | $1.03B | $917.6M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.26B | $3.29B | $3.44B | $3.64B | $3.82B | $3.86B | $4.21B | $4.55B | $6.62B | $6.62B | $6.68B | $6.55B |
| Key figures | ||||||||||||
| Total debt | $4.05B | $4.56B | $2.96B | $2.71B | $3.00B | $3.12B | $3.03B | $2.75B | $3.55B | $3.65B | $3.57B | $3.47B |
| Net cash (debt) | −$2.88B | −$3.19B | −$1.41B | −$1.47B | −$1.71B | −$1.73B | −$1.14B | −$857.9M | −$2.34B | −$2.62B | −$2.42B | −$2.70B |
| Working capital | $1.14B | $1.58B | $1.18B | $1.01B | $1.27B | $1.48B | $1.00B | $815.8M | $633.4M | $722.1M | $1.33B | $1.27B |
| Tangible book value | −$1.98B | −$2.11B | −$2.03B | −$1.86B | −$1.77B | −$1.64B | −$1.27B | −$1.11B | −$1.94B | −$1.99B | −$2.01B | $951.3M |
| Book value per share | $27.43 | $27.67 | $28.94 | $30.32 | $31.72 | $31.51 | $33.90 | $36.43 | $52.67 | $52.48 | $52.66 | $51.60 |
| Shares outstanding | 119.0M | 119.0M | 119.0M | 120.1M | 120.5M | 122.6M | 124.1M | 124.9M | 125.6M | 126.2M | 126.8M | 126.9M |
| Current ratio | 1.29 | 1.43 | 1.33 | 1.30 | 1.39 | 1.50 | 1.25 | 1.20 | 1.14 | 1.17 | 1.37 | 1.37 |
| Quick ratio | 1.25 | 1.35 | 1.29 | 1.26 | 1.35 | 1.44 | 1.22 | 1.16 | 1.11 | 1.12 | 1.32 | 0.94 |
| Debt / equity | 1.24 | 1.38 | 0.86 | 0.74 | 0.79 | 0.81 | 0.72 | 0.60 | 0.54 | 0.55 | 0.53 | 0.53 |
| Equity / assets | 27.8% | 27.6% | 29.7% | 32.4% | 33.5% | 34.5% | 36.2% | 38.7% | 44.0% | 44.5% | 44.7% | 44.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 20, 2025); data from EODHD.
J financial position
At the end of fiscal 2025 (September 30, 2025), Jacobs had total assets of $11.3 billion (down 4.3% from a year earlier), total liabilities of $6.6 billion and shareholders' equity of $3.6 billion. It held $1.2 billion in cash and short-term investments against $2.7 billion of debt, net debt of $1.5 billion. Its current ratio was 1.30. In the latest quarter (ended June 30, 2026) total assets were $11.7 billion and equity $3.3 billion.
Related: J income statement, J cash flow statement, J key metrics. See the J stock overview for the latest quote and news.
J balance sheet FAQ
What are Jacobs's total assets?
Jacobs reported total assets of $11.3 billion at the end of fiscal 2025 (September 30, 2025), compared with $11.8 billion a year earlier.
How much debt does Jacobs have?
Jacobs had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.74.
How much cash does Jacobs have?
Jacobs held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $1.5 billion.
What is Jacobs's book value?
Jacobs's shareholders' equity (book value) was $3.6 billion at the end of fiscal 2025, or $30.32 per share.
What is Jacobs's current ratio?
Jacobs had current assets of $4.4 billion and current liabilities of $3.4 billion, a current ratio of 1.30 (it can cover its short-term obligations).
How much goodwill does Jacobs have?
Jacobs carried $5.5 billion of goodwill and intangible assets, 48.9% of total assets, at the end of fiscal 2025.