JACOBS SOLUTIONS Business Summary

Jacobs Solutions Inc. (J) operates as a premier global professional services firm, generating revenue through high-value consulting, technical engineering, and project management fees. Following the strategic spin-off of its Critical Mission Solutions and Cyber & Intelligence businesses to Amentum in late 2024, the company has streamlined into two primary segments: Infrastructure & Advanced Facilities (I&AF) and PA Consulting. The I&AF segment, which accounts for approximately 90% of revenue, provides end-to-end solutions for water, transportation, and advanced manufacturing sectors, including high-growth data center and semiconductor projects. PA Consulting serves as the firm's high-margin innovation arm, with Jacobs currently finalizing the acquisition of its remaining 40% stake to solidify its transition into a digitally enabled advisory powerhouse. Direct competitors include AECOM, KBR, and WSP Global; Jacobs distinguishes itself by pivoting away from capital-intensive construction toward a higher-margin, technology-driven consultancy model with a record $26.3 billion backlog as of early 2026. Originally founded in 1947 by Dr. Joseph J. Jacobs, a chemical engineer with a Ph.D. from the Polytechnic Institute of Brooklyn, the company is currently led by Chair and CEO Bob Pragada. Pragada, a U.S. Naval Academy graduate and Stanford-educated engineer, previously served as a Lieutenant Commander in the U.S. Navy and CEO of the Brock Group. He is supported by Executive VP and CFO Venk Nathamuni, a Wharton MBA with a deep semiconductor pedigree from his tenure as CFO of Cirrus Logic and leadership roles at Arista Networks. The executive team also includes Shannon Miller, President of Strategy, Growth & Digital, who oversees the firm’s enterprise AI roadmap. The board was recently refreshed in January 2026 to include tech industry veteran Diane Bryant (former Intel and Google Cloud executive) and Lead Independent Director Louis Pinkham. Institutional heavyweights including The Vanguard Group, BlackRock, and State Street Corporation maintain the largest ownership stakes, collectively holding over 85% of the company’s equity.