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JACOBS SOLUTIONS INC

For the period ended Sep 27, 2024. Filed Nov 25, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 25, 2024

J$148.90+0.9%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended September 27, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission File No.1-7463

Jacobs Solutions Inc.

Delaware88-1121891
(State or other jurisdiction of incorporation or organization)(IRS Employeridentification number)
1999 Bryan StreetSuite 3500DallasTexas75201
(Address of principal executive offices)(Zip Code)

(214)583 – 8500

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock$1 par valueJNew York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ☒Yes ☐ No

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. ☐ Yes ☒No

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒Yes ☐ No

Indicate by check mark whether the Registrant: has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). ☒Yes ☐ No

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). ☐ Yes☒ No

There were 123,966,838 shares of common stock outstanding as of November 13, 2024. The aggregate market value of the Registrant’s common equity held by non-affiliates was approximately $15.9 billion as of March 29, 2024, based upon the last reported sales price on the New York Stock Exchange on that date.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Registrant’s definitive proxy statement to be issued in connection with its 2025 annual meeting of shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.

JACOBS SOLUTIONS INC.

Fiscal 2024 Annual Report on Form 10-K

Table of Contents

ItemPage No.
Part I
Item 1.BusinessPage 4
Item 1A.Risk FactorsPage 18
Item 1B.Unresolved Staff CommentsPage 45
Item 1C.CybersecurityPage 45
Item 2.PropertiesPage 46
Item 3.Legal ProceedingsPage 47
Item 4.Mine Safety DisclosurePage 47
Part II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesPage 48
Item 6.Selected Financial DataPage 49
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of OperationsPage 49
Item 7A.Quantitative and Qualitative Disclosures About Market RiskPage 65
Item 8.Financial Statements and Supplementary DataPage 66
Item 9.Changes in and Disagreements With Accountants On Accounting and Financial DisclosurePage 66
Item 9A.Controls and ProceduresPage 66
Item 9B.Other InformationPage 67
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsPage 67
Part III
Item 10.Directors, Executive Officers and Corporate GovernancePage 68
Item 11.Executive CompensationPage 68
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersPage 68
Item 13.Certain Relationships and Related Transactions, and Director IndependencePage 68
Item 14.Principal Accounting Fees and ServicesPage 68
Part IV
Item 15.Exhibits and Financial Statement SchedulesPage 70
SignaturesPage 75
ContentsView on SEC.gov

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