Jacobs Solutions management check
J · Industrials · Construction & Engineering · CEO Pragada
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $201, against $146 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.29 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
4.9% of net income$14.0m of reported pay in fiscal 2025, against $289.0m of net income.
- Good
Do they own the stock?
Insiders are buyingThe CEO holds 333,755 shares, directly or through trusts (unvested awards not counted): about 2.6 years of pay. 2 insiders bought $478k on the open market in the last six months, with their own money, near the lows. Sales: $2.5m.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.1% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Demetriou, Pragada. 11 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 97 | 55 | |
| Pay for performance | 35 | 86 | |
| CEO cost | 0 | 48 | |
| Skin in the game | 76 | 55 | |
| Dilution | 76 | 62 | |
| Stable leadership | 30 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Construction & Engineering, by management score. Jacobs Solutions is 62nd of 81 in its sector.
- 16EMEEmcor86
- 28FIXComfort Systems USA84
- 134PWRQuanta Services73
- 335JJacobs Solutions59
- 336VLTOVeralto59
- 339EFXEquifax59
Pay versus performance
From the proxy statement filed December 18, 2025. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Demetriou, Pragada | $14.0m | $14.8m | $3.2m | $201 | $146 | $289.0m |
| 2024 | — | $12.1m | $15.6m | $3.8m | $173 | $157 | $806.0m |
| 2023 | — | $10.9m | $16.4m | $4.1m | $150 | $122 | $666.0m |
| 2022 | — | $14.6m | $16.1m | $4.2m | $119 | $106 | $644.0m |
| 2021 | — | $16.3m | $39.0m | $6.6m | $144 | $133 | $477.0m |
The board says pay is tied most to Adjusted EPS. Its other key measures: Adjusted Operating Profit, Adjusted Net Revenue, Adjusted EBITDA Margin, ROIC.
Insiders and the CEO's stake
Robert V Pragada (Chair & CEO) held 333,755 shares directly after their latest Form 4 on May 15, 2026, roughly $37.1m at that filing's price.
2 insiders bought $478k on the open market in the last six months, with their own money, near the lows. Sales: $2.5m.
- BoughtRobert V PragadaChair & CEO$400kMay 15, 2026
- BoughtManuel J FernandezDirector$78kMay 13, 2026
- SoldPatrick HillPRESIDENT$2.5mAug 7, 2026
Leadership and governance on file
- Sep 23, 2026Leadership change8-K/A 5.02
- Aug 14, 2026Leadership change8-K 5.02
- Apr 29, 2026Leadership change8-K 5.02
- Nov 19, 2025Leadership change8-K 5.02
- Sep 30, 2024Leadership change8-K 5.02
- Sep 6, 2024Leadership change8-K 5.02
- Jul 17, 2024Leadership change8-K 5.02
- May 16, 2024Leadership change8-K 5.02
- May 10, 2024Leadership change8-K/A 5.02
- Apr 1, 2024Leadership change8-K 5.02
- Nov 14, 2023Leadership change8-K 5.02
- Aug 11, 2023Leadership change8-K/A 5.02
Latest shareholder vote results: Feb 3, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.7bn returned to owners in buybacks and dividends, 93% of net income, and $319.1m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1bn | $9.8bn | $10.9bn | $11.5bn | $12.0bn |
| Net income | $477.0m | $644.0m | $665.8m | $806.1m | $289.3m |
| Stock-based pay | $56.2m | $53.4m | $74.3m | $74.2m | $61.0m |
| Buybacks | $274.9m | $281.9m | $265.7m | $402.7m | $754.1m |
| Dividends | $156.0m | $115.9m | $128.4m | $142.8m | $153.0m |
| Diluted shares | 131m | 129m | 127m | 126m | 122m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.