Jacobs : Investor Presentation - May 2026
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Published on 05/08/2026 at 11:17 am EDT
May 2026
Creating a more connected, sustainable world
At Jacobs, we're challenging today to reinvent tomorrow -delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a talent force of almost 47,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and
Where we work
ADVANCED MANUFACTURING
ENERGY
CITIES & PLACES
ENVIRONMENTAL
COUNTRIES
FY25 fiROSS REVENUE
PEOPLE
FY25 ADJ. NET REVENUE
consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world.
LIFE SCIENCES TRANSPORTATION
WATER
DOMESTIC
FY25 ADJ. EBITDA
INTERNATIONAL
FY29E ADJ. EBITDA
3
Note: FY25 financial data
©Jacobs 2026
Government Services
Energy, Chemicals and Resources
$0.6B Adj. EBITDA¹
Jacobs
$1.2B Adj. EBITDA¹
~$2.0B Adj. EBITDA²
FY16 Adj. EBITDA Margin¹ FY25 Adj. EBITDA Margin¹ FY29E Adj. EBITDA Margin²
7.7%
13.9%
17%+
A company like no other
Reimagining tomorrow. Today
Boldly moving forward
Challenge accepted
Assess and focus Begin transformation Continue transformation Redefine the asset lifecycle
¹Based on Adj. EBITDA and Adj. EBITDA Margin per our published presentations. Adj. EBITDA and Adj. EBITDA Margin shown for FY25 are on a continuing ops basis.
4
²Reconciliation of targeted FY29 Adj. EBITDA and targeted Adj. EBITDA margin to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation, including with respect to the costs and charges relating to transaction expenses, restructuring and integration and other non-recurring due to restructuring or unusual items to be incurred in such periods.
©Jacobs 2026
As Reported Results
PA Consulting
Infrastructure & Advanced Facilities (I&AF)
Jacobs
End Market Revenue Performance
Water and Environmental
Life Sciences and Advanced Manufacturing
Critical Infrastructure
(Transportation, Cities & Places, Energy, and National Security Infrastructure)
5 ©Jacobs 2026
Critical Infrastructure
PA
Consulting
Life Sciences & Advanced Manufacturing
Water & Environmental
Scalable solutions delivered globally and digitally
Focused business model
Science-based innovation and end-to-end solutions
% of Gross Revenue FY25
Strong organic execution and financial discipline
6
Note: Infrastructure & Advanced Facilities (I&AF) segment includes Water & Environmental, Life Sciences & Advanced Manufacturing and Critical Infrastructure end markets. Engineering News-Record (ENR) rankings from 2026 Top 500 Design Firms and 2025 Source Book
*Data Centers ranking anticipated based on Jacobs' #1 ENR ranking in Telecommunications, which encompasses data center project work. Data Center-specific ranking subject to ENR 2026 Source Book publication.
№1 ENR
№1 - Top 500 Design Firms
№1 - Data Centers*
№1 - Wastewater Treatment
№1 - Sewer & Waste
№1 - Pharmaceuticals
№1 - Semiconductors
№1 - Airports
№1 - Aerospace
№1 - Manufacturing
… and many more
©Jacobs 2026
Our adj. net revenue exposure by source is diverse
Infrastructure & Advanced Facilities (I&AF) FY25*
North America Federal
North America Private
26%
International
34%
North America State & Local
31%
And our U.S. positioning remains favorable
Infrastructure Investment & Jobs Act (IIJA)*
Trump Administration continues to spend IIJA funding across Transportation markets
Passage of FY26 Transportation Appropriations allows the highest IIJA formula levels to kick in
Federal infrastructure spend will extend beyond IIJA expiration on 9/30, with peak spending levels 2-3 years later
Congress has repurposed limited amount (~$3B) of IIJA funds for FY26 annual appropriations, which included robust numbers across the modes and an increase in overall discretionary USDOT funding
Congress has already begun the IIJA reauthorization process (FY27-FY31) and we expect action in the House this spring
7 *North America Private, State & Local and Federal include all of North America but are primarily related to the U.S, may not equate to 100% due to rounding; IIJA data as of April 2026
©Jacobs 2026
Business Advisory
Client-centric AND program-centric End-to-end solutions
Engineering and Design
Enabling upstream shift Augmented design
Planning and Concept Design
Program Management
Cutting edge solutions
Client AI enablement
Engage AI
New services
Delivery enabled by digital
O&M
Construction Management
Acuity
Local Delivery
62%
FY24
Billable Hours
Global Delivery & Cross Collaboration
38%
Local Delivery
48%
FY29E
Billable Hours
Global Delivery & Cross Collaboration
52%
Cross-collaboration examples at Jacobs
+ + + + +
Data Center needs for water, power require expanded capability set
Geothermal power and desalination; wastewater and biogas overlap
Architects working across buildings, advanced facilities and transportation
Leading end-to-end client solutions
End-to-end capabilities driving margin improvement
Significant digital consulting footprint (1.5K+ FTEs)
Leading partnership in Water with Palantir
Expansive software portfolio
Acuity
Jacobs is leading in Digital & AI
Jaco
bs AI
AI RFP Response
AI Planning and Permitting
AI Sketch to Render
Augmented Design
Insights and Analytics
Driving capital efficiency for our clients and profitable growth for Jacobs
Water & Environmental Life Sciences & Advanced Manufacturing
Critical Infrastructure
Water
Environmental
Market SAM*
$220B
J CAGR Est (FY25-29)¹
8-10%
4-6%
Key Customer Opportunities
Water scarcity
Wastewater treatment and conveyance
Digital expansion
Nature based solutions
Changing regulation
PFAS
Advanced Facilities
$120B
7-9%
Major drug launches
Data centers
Onshoring
Energy & Power
Transportation
Cities & Places
$390B
11-13%
5-7%
4-6%
AI demand and grid challenges
Energy transition
Energy security
Sustainability targets
Sustainability and decarbonization
Multi-modal transit
Aviation
Digital integration
Major programs
firowth in the Middle East
Results in 6-8% adjusted net revenue growth forecast from FY25-29
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*SAM = Serviceable Addressable Market; ¹CAGR estimates refer to adj. net revenue growth
©Jacobs 2026
Accelerating collaboration, digital and global delivery
Life Sciences & Advanced Manufacturing secular growth
Strong water demand globally
Continued growth in U.S. and international infrastructure spending, particularly for rail/ transit, aviation, ports
Significant investment in power transmission & distribution
Infrastructure sector poised for generational investment
Largest in the industry with strong track record and clear differentiation
6,600+ global resources
GLP-1s, new therapies, semis and AI data centers driving growth near-term
Global delivery enables scalability and profitability
Digital and AI drive more efficient capital use for clients
Uniquely positioned to benefit from
cross-market opportunities
+
12 ©Jacobs 2026
Growing the Core
Water
Environmental
End-to-end solutions, digital innovation & cross-collaboration strengthen our Water & Environmental position
World-leading expertise across the water cycle
ENR №1 Sewer & Waste and №1 Wastewater Treatment
Full end-to-end solutions from advisory to operations
Leading complex programs, advanced treatment & recycling; directly managing 250+ water assets globally
World-leading technologists across the water cycle
Positions Jacobs to drive sustainability across client base
Top 2 globally ranked by Environment Analyst
Environmental services position us for major projects with direct end-market delivery
Long-term trusted advisor for federal remediation clients
Leveraging global footprint to serve large multi-nationals
Explore our Water solutions
Explore our Environmental solutions
14 ©Jacobs 2026
6,600+
Current Headcount
$1.46B
FY25 Adj. Net Revenue
17%
3-Year CAGR Adj. Net Revenue
$3.04B
FY25 Gross Revenue
Life Sciences
78+ years in Life Sciences
Expertise at the molecular level
ENR №1 in pharma for 23 years in a row
Design and manage the world's largest programs
3-Year CAGR Adj. Net Revenue
11%
Adv. Manufacturing & Electronics
ENR №1 in semis and manufacturing
40 years of semis design experience
Designed over half of advanced fab facilities globally
3-Year CAGR Adj. Net Revenue
24%
Market Split by Gross Revenue FY25
Advanced Manufacturing
Life Sciences and Electronics
Explore our Life Sciences solutions
Explore our Adv. Manufacturing &Electronics solutions
15
Note: 3-Year CAGR spans FY21-FY24
©Jacobs 2026
Transportation
Energy & Power
Cities & Places
Local client relationships backed by global delivery enabling us to deliver the highest quality, faster
Unmatched major programs position
Top-tier expertise (Transmission & Distribution, fieneration)
World-leading renewables projects
~60% international, growing U.S.
Highly synergistic with verticals
A leader in complex program delivery
ENR №1 in Airports
- ENR №2 in Transportation, Marine & Port Facilities, Mass Transit & Rail;
№3 in Highways
Strong airport and rail resume
Significant tunneling solutions
Digital tools drive differentiation
Cross-cutting buildings capability
Leading complex planning, design and delivery execution
Leader in major programs (Expo, World Cup, Olympics)
National Security infrastructure
Explore our Energy & Power solutions
Explore our Transportation solutions
Explore our Cities & Places solutions
Operations & Maintenance
Program and Construction Management
Engineering and Design
Planning & Concept Design
Business Advisory
Performance Improvement
Business Design and Transformation
People and Change
Strategy & Economics
Detecting future pandemics
UKHSA National Biosurveillance Network
Delivering operational readiness
Frederick Douglass Tunnel Amtrak
Defining future site operations
Project Credo -Major Automotive
Integrating with PA to deliver value and unlock new market opportunities.
Learn more about PA Consulting
Financial Overview
Near-term
Medium-term
Long-term
21.7% Y/Y
$27B
Gross Revenue in Backlog¹
27% Y/Y
$130B
Total Pipeline²
Life Sciences
Data Centers and Semis
Water
Energy & Power
Transportation Investment
Secular Growth Drivers
19
¹Backlog as of Q2 2026; ²Pipeline as of latest data 3/30/2026 for I&AF and is unfactored for gross revenue
©Jacobs 2026
$11.6B
+6% to +8% CAGR
CAGRs¹ (FY25-FY29)
Water & Environmental
+7% to 9%
Life Sciences & Adv. Manufacturing
+7% to 9%
Critical Infrastructure
+5% to 7%
PA Consulting
+6% to 8%
20 ¹CAGRs reflect organic growth estimates by end market within I&AF and for PA Consulting; Reconciliation of FY29E Adjusted Net Revenue to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation
©Jacobs 2026
Disclaimer
Jacobs Solutions Inc. published this content on May 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2026 at 15:16 UTC.