Jabil Inc. (JBL) financials

NYSE · Technology · Hardware, Equipment & Parts · 140,000 employees · CEO Michael Dastoor

Price: $272.72 -5.23%
Market cap: $28.1B
Enterprise value: $30.4B
Last report: Q4 '26 filed 2026-10-23
Next report: 2026-12-16 EPS est. $4.10

Revenue (TTM)$36B+20.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)4.8%+0.8 pp vs a year agoOperating income $1.72B

Net income (TTM)$1.04B+58.6% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$1.72B+47.0% vs a year agoCapex $279M

Diluted EPS (TTM)$9.78+64.1% vs a year agoSum of the last 4 quarters

Net cash-$2.28B-59.2% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $28.1B
Revenue: $36B
Revenue growth: +24%
Profit margin: 2.9%
P/E: 27.6×
P/S: 0.8×
EV / EBITDA: 13.5×
Free cash flow: $1.72B
Net income: $1.04B
Revenue estimate: $44.7B
Earnings: 2026-12-16
Dividend: $0.32

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-09-30): revenue beat by 9.3%, EPS beat by 8.1%Revenue $10.6B vs $9.71B expected (+9.3%); EPS $4.40 vs $4.07 (+8.1%).
Revenue growth accelerating: 28.6% year on yearQ4 '26 revenue $10.6B, against an average of 18.0% over the four quarters before.
Operating margin 4.8% (TTM), +0.8 pp on a year agoOperating income grew 45.3% while revenue grew 20.6%.
21.9% of pre-tax profit is eaten by non-operating lossesPre-tax income $1.41B vs operating income $1.72B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
Capex 0.8% of revenue (a year ago 1.6%)$279M invested in the last 4 quarters (-40.4% on a year earlier). Free cash flow $1.72B = 165.4% of net income.
Returned $1.09B to shareholders = 63.3% of free cash flowBuybacks $1.06B (a year earlier $1B), dividends $35M, stock-based pay $228M (TTM).
Diluted share count down 2.9% in a year106M diluted shares in Q4 '26, 109M a year earlier.
Net debt $2.28BCash + short-term investments $1.74B, debt incl. leases $4.02B; a year ago net debt $1.43B.

Last quarter: Q4 '26

Quarter ended 2026-08-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q4 '26	Year ago	Change
Revenue	$10.6B	$8.25B	+28.6%
Gross margin	9.4%	9.5%	-0.1 pp
Operating income	$602M	$337M	+78.6%
Operating margin	5.7%	4.1%	+1.6 pp
Net income	$398M	$218M	+82.6%
Diluted EPS	$3.76	$1.99	+88.9%
Operating cash flow	$733M	$588M	+24.7%
Capex	$95M	$169M	-43.8%
Free cash flow	$638M	$419M	+52.3%
R&D	$7M	$4M	+75.0%
Stock-based compensation	$140M	$23M	+508.7%

Reported vs consensus

2026-09-30

	Actual	Consensus	vs consensus
Revenue	$10.6B	$9.71B	+9.3%
EPS (as estimated)	$4.40	$4.07	+8.1%

From the report of 2026-09-30 for Q4 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q4 '26	y/y	Share	TTM	TTM y/y
Intelligent Infrastructure	$5.82B	+55.6%	54.8%	$17.9B	+45.1%
Regulated Industries	$3.41B	+9.2%	32.2%	$12.7B	+6.9%
Connected Living and Digital Commerce	$1.38B	-0.4%	13.0%	$5.39B	-3.9%

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q4 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Regulated Industries	–	–	$197M	-3.9%	–	–	$699M
Intelligent Infrastructure	–	–	$380M	+71.2%	–	–	$1.07B
Connected Living And Digital Commerce	–	–	$98M	+6.5%	–	–	$301M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $2B
Capex: -$279M
Buybacks: -$1.06B
Dividends: -$35M
Acquisitions: -$808M
Net debt issued: $753M
Stock-based compensation: $228M
Free cash flow: $1.72B
Returned to shareholders / FCF: 63.3%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	27.6×	20.4×	8.6× – 34.1×
EV / EBITDA	13.5×	9.3×	4.5× – 16.6×
EV / Sales	0.8×	0.6×	0.3× – 1.0×
Price / FCF	16.3×	22.1×	14.4× – 32.0×
Price / Book	17.7×	10.3×	3.5× – 20.0×
FCF yield	6.1%	4.8%	3.1% – 7.0%
Return on invested capital	19.9%	19.2%	14.6% – 28.2%
Return on equity	74.1%	51.4%	28.5% – 79.9%

Analysts

Consensus target $434.75 (+59.4%)
range $375.00 – $475.00 · rating Buy

Strong buy1

Buy13

Hold9

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$44.7B	+24.5%	$17.68	+81.3%	15.4×	5
FY2028	$51.7B	+15.5%	$22.05	+24.7%	12.4×	5
FY2029	$57.4B	+11.1%	$26.89	+21.9%	10.1×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 317 figures Jabil Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	$38M	–	–
	–	–	–	$18M	–	–
	–	–	–	$19M	–	–
Accounts and Other Receivables, Net, Current	$6.51B	$4.04B	+61.3%	$6.51B	$4.04B	+61.3%
Accounts Payable, Current	$14.4B	$7.94B	+82.0%	$14.4B	$7.94B	+82.0%
Accrued Liabilities, Current	$6.62B	$5.19B	+27.7%	$6.62B	$5.19B	+27.7%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$5.18B	$4.97B	+4.2%	$5.18B	$4.97B	+4.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$12M	-$17M	+29.4%	-$12M	-$17M	+29.4%
Additional Paid in Capital, Common Stock	$3.26B	$3.05B	+6.8%	$3.26B	$3.05B	+6.8%
Amortization of Intangible Assets	$24M	$17M	+41.2%	$89M	$62M	+43.5%
Assets	$27.4B	$18.5B	+48.0%	$27.4B	$18.5B	+48.0%
Assets for Plan Benefits, Defined Benefit Plan	$44M	$13M	+238.5%	$44M	$13M	+238.5%
Assets, Current	$21.5B	$13.7B	+56.9%	$21.5B	$13.7B	+56.9%
Capital Expenditures Incurred but Not yet Paid	–	–	–	$105M	$55M	+90.9%
Capitalized Contract Cost, Amortization	–	–	–	$52M	$62M	-16.1%
Capitalized Contract Cost, Net	$77M	$98M	-21.4%	$77M	$98M	-21.4%
Cash and Cash Equivalents, at Carrying Value	$1.74B	$1.93B	-10.0%	$1.74B	$1.93B	-10.0%
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$1M2025-08-31	-$11M	+109.1%	-$15M2025-08-31	-$8M	-87.5%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.74B	$1.93B	-10.0%	$1.74B	$1.93B	-10.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$379M	$410M	-7.6%	-$194M	-$268M	+27.6%
Common Stock, Dividends, Per Share, Declared	$0.08	$0.08	0.0%	$0.322018-08-31	$0.32	0.0%
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	500M	500M	0.0%	500M	500M	0.0%
Common Stock, Shares, Issued	280M	278M	+0.5%	280M	278M	+0.5%
Common Stock, Shares, Outstanding	104M	107M	-2.8%	104M	107M	-2.8%
Common Stock, Value, Issued	$0	$0	–	$0	$0	–
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	-$1M	$0	–	-$2M	$0	–
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$406M	$211M	+92.4%	$1.05B	$686M	+52.6%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$405M	$211M	+91.9%	$1.05B	$686M	+52.3%
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$1.3B	$1.06B	+22.6%	$1.3B	$1.06B	+22.6%
Contract with Customer, Liability, Current	$1.11B	$1.02B	+9.0%	$1.11B	$1.02B	+9.0%
Contract with Customer, Liability, Revenue Recognized	$127M	$118M	+7.6%	$656M	$592M	+10.8%
Cost of Goods and Services Sold	$9.62B	$7.47B	+28.7%	$32.6B	$27.2B	+20.2%
Cost of Property Repairs and Maintenance	–	–	–	$271M2025-08-31	$335M	-19.1%
Current Federal Tax Expense (Benefit)	–	–	–	$0	-$16M	+100.0%
Current Foreign Tax Expense (Benefit)	–	–	–	$365M	$356M	+2.5%
Current Income Tax Expense (Benefit)	–	–	–	$387M	$355M	+9.0%
Current State and Local Tax Expense (Benefit)	–	–	–	$22M	$15M	+46.7%
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$16M2025-08-31	$50M	-68.0%	$16M2025-08-31	$50M	-68.0%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$16M	-$15M	-6.7%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$6M	-$100M	+94.0%
Deferred Income Tax Assets, Net	$178M	$141M	+26.2%	$178M	$141M	+26.2%
Deferred Income Tax Expense (Benefit)	–	–	–	-$19M	-$120M	+84.2%
Deferred Income Tax Liabilities, Net	$144M	$80M	+80.0%	$144M	$80M	+80.0%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$3M	-$5M	+160.0%
Deferred Tax Asset, Interest Carryforward	$11M2025-08-31	$19M	-42.1%	$11M2025-08-31	$19M	-42.1%
Deferred Tax Assets, Capital Loss Carryforwards	$19M	$32M	-40.6%	$19M	$32M	-40.6%
Deferred Tax Assets, Gross	$730M	$643M	+13.5%	$730M	$643M	+13.5%
Deferred Tax Assets, Inventory	$48M	$28M	+71.4%	$48M	$28M	+71.4%
Deferred Tax Assets, Net	$34M	$61M	-44.3%	$34M	$61M	-44.3%
Deferred Tax Assets, Net of Valuation Allowance	$328M	$243M	+35.0%	$328M	$243M	+35.0%
Deferred Tax Assets, Operating Loss Carryforwards	$220M	$227M	-3.1%	$220M	$227M	-3.1%
Deferred Tax Assets, Other	$49M	$64M	-23.4%	$49M	$64M	-23.4%
Deferred Tax Assets, Property, Plant and Equipment	$79M	$34M	+132.4%	$79M	$34M	+132.4%
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$5M2025-08-31	$9M	-44.4%	$5M2025-08-31	$9M	-44.4%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Compensated Absences	$16M2025-08-31	$14M	+14.3%	$16M2025-08-31	$14M	+14.3%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$8M2025-08-31	$11M	-27.3%	$8M2025-08-31	$11M	-27.3%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	$162M	$147M	+10.2%	$162M	$147M	+10.2%
Deferred Tax Assets, Valuation Allowance	$402M	$400M	+0.5%	$402M	$400M	+0.5%
Deferred Tax Liabilities, Gross	$294M	$182M	+61.5%	$294M	$182M	+61.5%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-08-31, 10-Q 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-K 2025-08-31, 10-Q 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-K 2024-08-31

Data as of 2026-11-02