Jacobs targets FY29E adjusted EBITDA margin above 17%

• Jacobs laid out a FY29 outlook targeting about $2 billion in adjusted EBITDA with an adjusted EBITDA margin above 17%.
• FY25 baseline metrics showed $12 billion gross revenue, $8.7 billion adjusted net revenue, 13.9% adjusted EBITDA margin, adjusted EBITDA of $1.2 billion.
• The FY29 target implies a step-up from FY16 adjusted EBITDA of $0.6 billion, reflecting a multi-year shift toward higher-value services.

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