Jacobs Solutions Inc. — Earnings Quality Grade F
J · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 42 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 4.6%, CFFO -34.9%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -34.6% vs revenue 4.6%. Normal
SG&A/Gross Profit = 71.1%, exceeds 70%
Gross margin 24.8%, change +0.2pp. Stable
Cash Flow Quality
CFFO/NI = 2.37. Profits backed by cash
FCF $0.6B, FCF/NI = 2.10
Accruals ratio = -3.5%. Low accruals
Cash $1.2B covers only 46% of debt $2.7B
Balance Sheet Health
Goodwill+Intangibles $5.5B = 151% of equity. Over 50%
Debt/EBITDA = 2.9x. Healthy
Other assets grew 21.4% vs revenue 4.6%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -2.55 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09