Jacobs Solutions Inc. (J)

Return on equity (ROE)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	665,777	644,039	477,030	491,845	847,979
Total stockholders’ equity	US$ in thousands	6,546,220	6,060,060	5,940,040	5,815,710	5,714,690
ROE		10.17%	10.63%	8.03%	8.46%	14.84%

September 30, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $665,777K ÷ $6,546,220K
= 10.17%

To analyze Jacobs Solutions Inc.'s return on equity (ROE) over the past five years:
- ROE has shown a decreasing trend from 14.84% in 2019 to 10.17% in 2023.
- This decline may indicate challenges in generating profits relative to the shareholders' equity over the years.
- Despite the fluctuations, the ROE has generally remained above 8% in the last five years, suggesting that the company is efficiently utilizing its shareholders' equity to generate returns.
- Jacobs Solutions Inc. should continue to monitor and improve its ROE to ensure sustainable profitability and shareholder value.

Peer comparison

Sep 30, 2023

Company name

Symbol

ROE

Jacobs Solutions Inc.

10.17%

Fluor Corporation

FLR

7.16%

Granite Construction Incorporated