J · 10-K filed 20 Nov 2025 · year to 26 Sep 2025

Jacobs Solutions

24 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

U.S. federal government

earns from · 8%named as a risk

The U.S. federal government represented approximately 8% of our total revenue in fiscal 2025.Risk factors (Item 1A)

Also named by ACN, ADSK, AKAM, AMRC, APG, CACI, CBRE, CI and 25 more

U.S. Department of Energy

earns fromnamed as a risk

The PAA protections and indemnification apply to us as part of our services to the U.S. nuclear energy industry and DoE for new facilities, maintenance, modification, decontamination and decommissioning of nuclear energy, weapons and research facilities.Risk factors (Item 1A)

Also named by AAON, AMRC, AOS, BWXT, CDE, CDRE, CEG, CLF and 16 more

U.K. Ministry of Defence

earns from

Public sector clients include the U.K.'s Ministry of Defence, National Highways, The Norwegian Labour and Welfare Administration, The Danish Tax Agency and The Swedish Environmental Protection Agency.Business (Item 1)

National Highways

earns from

In England, we provide engineering, technical advice and innovation services to National Highways.Business (Item 1)

U.K. Department for Energy Security & Net Zero

earns from

We’re also delivering technical project management for the U.K. Department for Energy Security & Net Zero’s Carbon Capture, Usage and Storage program, a cornerstone of the U.K.’s net-zero ambitions.Business (Item 1)

Partners and platforms

Amentum

depends onnamed as a risk

We rely on Amentum to satisfy its performance obligations under these agreements.Risk factors (Item 1A)

Other companies

PA Consulting Group Limited

65% interest

On March 2, 2021, Jacobs completed the strategic investment of a 65% interest in PA Consulting, a U.K.-based leading innovation and transformation consulting firm.Business (Item 1)

Places

International operations (outside U.S.)

earns from · approximately 38% of our revenuenamed as a risk

For fiscal 2025, approximately 38% of our revenue was earned from clients outside the U.S.Risk factors (Item 1A)

Also named by APG, AXP, CARR, COP, COST, DD, ECL, EQIX and 14 more

Middle East

operates innamed as a risk

Furthermore, declines in commodity prices can negatively impact our business in regions whose economies are substantially dependent on commodity prices, such as the Middle East.Risk factors (Item 1A)

Also named by BKR, CAG, CINF, CPB, CTAS, FLS, GAIN, JPM and 10 more

Commodities and inputs

SOFR

exposed to its price · $945.3 million in principal amount subject to variable interest rate risknamed as a risk

However, as discussed in Note 17- Commitments and Contingencies and Derivative Financial Instruments, we have one outstanding swap agreement with an aggregate notional value of $200.0 million in place to convert the variable rate interest-based liability associated with a corresponding amount of our debt into a fixed interest rate liability, leaving $945.3 million in principal amount subject to variable interest rate risk.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Oil

exposed to its pricenamed as a risk

For example, for those customers that produce commodity products such as oil, gas, batteries or fertilizers, fluctuations in price can have a direct effect on their profitability and cash flow and, therefore, their willingness to continue to invest or make new capital investments.Risk factors (Item 1A)

Also named by AYI, BAX, BSM, GM, GRC, JBL, JEF, MHK and 6 more

SONIA

exposed to its pricenamed as a risk

Borrowings under the 2025 Term Loan Facility will bear interest at either a SONIA rate or term SOFR rate plus a margin of between 0.975% and 1.600% or a base rate plus a margin of between 0.000% and 0.500%.Market risk (Item 7A)

Regulators

IRS private letter ruling (Separation Transaction)

subject tonamed as a risk

The Separation Transaction could result in a significant tax liability if the terms of the IRS private letter ruling are not satisfied.Risk factors (Item 1A)

Laws and programs

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk

If we are found to be liable for FCPA or other violations (either due to our own acts or our inadvertence, or due to the acts or inadvertence of others), we could suffer from civil and criminal penalties or other sanctions in multiple jurisdictions, including contract cancellations or debarment and loss of reputation, any of which could have a material adverse impact on our business, financial condition and results of operations.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk

In addition, laws and regulations governing data privacy and the unauthorized disclosure of personal data, including the European Union General Data Protection Regulation ("GDPR"), the United Kingdom Data Protection Act, the California Consumer Privacy Act, the California Privacy Rights Act, and other emerging U.S. state and global privacy laws pose increasingly complex compliance challenges and potentially elevate costs and may require changes to our business practices resulting from the variation of regulatory requirements and increased enforcement frequency.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

Inflation Reduction Act

earns fromnamed as a risk

Historically, we have benefited from both domestic and international government investment programs and bills that provide funding for our services, such as the Infrastructure Investment and Jobs Act, the CHIPS and Science Act and the Inflation Reduction Act.Risk factors (Item 1A)

Also named by AEE, AMGN, ARWR, BIIB, BKNG, BMY, CAH, CI and 26 more

EU Corporate Sustainability Reporting Directive

subject tonamed as a risk

Our domestic and international sales and operations are subject to risks associated with changes in laws, regulations and policies (including environmental and employment requirements, export/import laws, tax policies, integrated financial/non-financial reporting requirements, such as the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive in the European Union and other similar legal requirements).Risk factors (Item 1A)

Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more

Federal Acquisition Regulation

subject tonamed as a risk

For example, for contracts with the U.S. federal government, we must comply with the Federal Acquisition Regulation, the Truth in Negotiations Act, the Cost Accounting Standards, and numerous regulations governing environmental protection and employment practices.Risk factors (Item 1A)

Also named by ACN, AIR, ALSN, ASTS, AXON, BWXT, CACI, CDRE and 12 more

Price-Anderson Act

subject tonamed as a risk

Also named by BWXT, CDRE, CEG, CW, DUK, ETR, FLR, LEU and 5 more

Infrastructure Investment and Jobs Act

earns fromnamed as a risk

Also named by APG, AWK, CTOS, HASI, MLM, MTZ, NWPX, OGE and 3 more

CHIPS and Science Act

earns fromnamed as a risk

Also named by AMKR, AVGO, COHR, ENTG

U.K. Bribery Act of 2010

subject tonamed as a risk

The U.S. Foreign Corrupt Practices Act (“FCPA”), the U.K. Bribery Act of 2010, and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments for the purpose of obtaining or retaining business.Risk factors (Item 1A)

Also named by AGX, FLR

Multi-Employer Pension Plans

named as a risk

If any of these MEPPs is underfunded, we could face the imposition of underfunded liability or withdrawal liability at a materially adverse level.Risk factors (Item 1A)

Also named by KR, SGI

Nuclear Installations Act of the United Kingdom

subject tonamed as a risk

For those jurisdictions, varying levels of nuclear liability protection is provided by international treaties, and/or domestic laws, such as the Nuclear Liability and Compensation Act of Canada and the Nuclear Installations Act of the United Kingdom, insurance and/or assets of the nuclear installation operators (some of which are backed by governments) as well as under appropriate enforceable contractual indemnifications and hold-harmless provisions.Risk factors (Item 1A)

Also named by CW