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Side-by-side financial comparison of Jacobs Solutions (J) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Jacobs Solutions is the larger business by last-quarter revenue ($3.3B vs $2.1B, roughly 1.5× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 3.8%, a 20.5% gap on every dollar of revenue. On growth, Jacobs Solutions posted the faster year-over-year revenue change (12.3% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs -12.2%).

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

J vs NDAQ — Head-to-Head

Bigger by revenue
J
J
1.5× larger
J
$3.3B
$2.1B
NDAQ
Growing faster (revenue YoY)
J
J
+10.3% gap
J
12.3%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
20.5% more per $
NDAQ
24.3%
3.8%
J
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
-12.2%
J

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
J
J
NDAQ
NDAQ
Revenue
$3.3B
$2.1B
Net Profit
$125.5M
$519.0M
Gross Margin
23.2%
Operating Margin
7.1%
30.7%
Net Margin
3.8%
24.3%
Revenue YoY
12.3%
2.0%
Net Profit YoY
792.3%
31.4%
EPS (diluted)
$1.12
$0.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
J
J
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$3.3B
$2.1B
Q3 25
$3.2B
$2.0B
Q2 25
$3.0B
$2.1B
Q1 25
$2.9B
$2.1B
Q4 24
$2.9B
$2.0B
Q3 24
$-1.2B
$1.9B
Q2 24
$4.2B
$1.8B
Net Profit
J
J
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$125.5M
$518.0M
Q3 25
$122.2M
$423.0M
Q2 25
$179.6M
$452.0M
Q1 25
$5.6M
$395.0M
Q4 24
$-18.1M
$355.0M
Q3 24
$325.4M
$306.0M
Q2 24
$146.9M
$222.0M
Gross Margin
J
J
NDAQ
NDAQ
Q1 26
Q4 25
23.2%
65.5%
Q3 25
24.3%
67.2%
Q2 25
25.0%
62.5%
Q1 25
25.4%
59.2%
Q4 24
24.6%
60.4%
Q3 24
60.3%
Q2 24
21.7%
64.7%
Operating Margin
J
J
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
7.1%
29.7%
Q3 25
6.7%
29.9%
Q2 25
7.8%
27.2%
Q1 25
7.2%
26.2%
Q4 24
7.1%
25.4%
Q3 24
23.6%
Q2 24
6.2%
23.6%
Net Margin
J
J
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
3.8%
24.4%
Q3 25
3.9%
21.6%
Q2 25
5.9%
21.6%
Q1 25
0.2%
18.9%
Q4 24
-0.6%
17.5%
Q3 24
-28.1%
16.1%
Q2 24
3.5%
12.4%
EPS (diluted)
J
J
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$1.12
$0.90
Q3 25
$0.88
$0.73
Q2 25
$1.55
$0.78
Q1 25
$0.06
$0.68
Q4 24
$-0.11
$0.62
Q3 24
$2.50
$0.53
Q2 24
$1.17
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
J
J
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$1.6B
$515.0M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$3.4B
$12.0B
Total Assets
$11.6B
$27.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
J
J
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$1.6B
$604.0M
Q3 25
$1.2B
$470.0M
Q2 25
$1.3B
$732.0M
Q1 25
$1.2B
$690.0M
Q4 24
$1.3B
$592.0M
Q3 24
$1.1B
$266.0M
Q2 24
$1.2B
$416.0M
Total Debt
J
J
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$8.6B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.9B
Q4 24
$9.1B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
J
J
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$3.4B
$12.2B
Q3 25
$3.6B
$12.0B
Q2 25
$3.8B
$11.8B
Q1 25
$3.9B
$11.5B
Q4 24
$4.2B
$11.2B
Q3 24
$4.5B
$11.1B
Q2 24
$6.6B
$10.9B
Total Assets
J
J
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$11.6B
$31.1B
Q3 25
$11.3B
$30.7B
Q2 25
$11.4B
$30.4B
Q1 25
$11.2B
$30.6B
Q4 24
$11.6B
$30.4B
Q3 24
$11.8B
$30.6B
Q2 24
$15.0B
$30.2B
Debt / Equity
J
J
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
0.70×
Q3 25
0.72×
Q2 25
0.73×
Q1 25
0.77×
Q4 24
0.81×
Q3 24
0.85×
Q2 24
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
J
J
NDAQ
NDAQ
Operating Cash FlowLast quarter
$380.8M
Free Cash FlowOCF − Capex
$364.9M
FCF MarginFCF / Revenue
11.1%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$875.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
J
J
NDAQ
NDAQ
Q1 26
Q4 25
$380.8M
$625.0M
Q3 25
$383.1M
$221.0M
Q2 25
$292.6M
$746.0M
Q1 25
$-96.4M
$663.0M
Q4 24
$107.5M
$705.0M
Q3 24
$196.5M
$244.0M
Q2 24
$482.6M
$460.0M
Free Cash Flow
J
J
NDAQ
NDAQ
Q1 26
Q4 25
$364.9M
$536.0M
Q3 25
$353.5M
$152.0M
Q2 25
$270.5M
$687.0M
Q1 25
$-113.7M
$614.0M
Q4 24
$97.1M
$645.0M
Q3 24
$158.2M
$188.0M
Q2 24
$444.9M
$408.0M
FCF Margin
J
J
NDAQ
NDAQ
Q1 26
Q4 25
11.1%
25.2%
Q3 25
11.2%
7.8%
Q2 25
8.9%
32.9%
Q1 25
-3.9%
29.4%
Q4 24
3.3%
31.7%
Q3 24
-13.6%
9.9%
Q2 24
10.5%
22.8%
Capex Intensity
J
J
NDAQ
NDAQ
Q1 26
Q4 25
0.5%
4.2%
Q3 25
0.9%
3.5%
Q2 25
0.7%
2.8%
Q1 25
0.6%
2.3%
Q4 24
0.4%
3.0%
Q3 24
-3.3%
2.9%
Q2 24
0.9%
2.9%
Cash Conversion
J
J
NDAQ
NDAQ
Q1 26
Q4 25
3.03×
1.21×
Q3 25
3.13×
0.52×
Q2 25
1.63×
1.65×
Q1 25
-17.18×
1.68×
Q4 24
1.99×
Q3 24
0.60×
0.80×
Q2 24
3.28×
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

J
J

Infrastructure Advanced Facilities$2.9B89%
PA Consulting$354.4M11%

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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