PARSONS CORP (PSN)
Parsons Corporation is a global provider of comprehensive solutions and services, primarily operating in the defense, intelligence, and critical infrastructure sectors. Its reach extends across North America, the Middle East, and other international regions. The company organizes its operations into two main divisions: Federal Solutions and Critical Infrastructure. Within its Federal Solutions segment, Parsons delivers advanced cybersecurity and intelligence capabilities. This includes developing and deploying offensive and defensive cyber platforms, tools, and operational support for clients like the U.S. Department of Defense and the wider U.S. intelligence community. It also specializes in space and geospatial technologies, offering expertise in areas such as geospatial intelligence, threat assessment, space situational awareness, small satellite deployment and integration, ground control systems, flight dynamics, and command and control solutions. Key beneficiaries of these services include the National Geospatial-Intelligence Agency, the National Reconnaissance Office, and various branches of the U.S. DoD. Furthermore, Parsons provides sophisticated missile defense and C5ISR (Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance, and Reconnaissance) solutions, encompassing integrated air and missile defense, data fusion, analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems, serving entities like the Defense Intelligence Agency and the DoD. The company's technology services in this segment also cover critical infrastructure components such as energy production, aviation, healthcare, bio-surveillance, and environmental systems, alongside associated infrastructure. This extends to specialized areas like nuclear waste processing, WMD elimination, program/project management, infectious disease analytics, and data protection. The Critical Infrastructure segment focuses on enhancing urban and public systems. Offerings here include intelligent transportation system management, aviation, rail, and transit system solutions, smart city software development, and robust cybersecurity for critical infrastructure assets. These services are provided to transportation authorities and rail/transit operators. Parsons also delivers essential engineering, program management, and environmental solutions to private industrial clients and public utility providers. Established in 1944, Parsons Corporation maintains its headquarters in Centreville, Virginia.
Sector: Services-Computer Integrated Systems Design
Industry: Information Technology Services
Parsons Corporation
No splits on record
Nothing in PSN's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $6.36B | $6.75B | $5.44B | $4.2B | $3.66B | $3.92B | $3.95B | $3.56B | $3.02B | $3.04B | $3.22B | $3.1B |
| YoY Growth | -5.7% | 24.0% | 29.7% | 14.6% | -6.6% | -0.9% | 11.1% | 18.0% | -0.7% | -5.6% | 3.9% | - |
| Cost of Revenue | $4.93B | $5.34B | $4.24B | $3.25B | $2.81B | $3.04B | $3.12B | $2.8B | $2.4B | $2.43B | $2.54B | $2.44B |
| Gross Profit | $1.43B | $1.41B | $1.21B | $946.72M | $852.82M | $876.86M | $831.75M | $765.5M | $616.87M | $608M | $683.11M | $655.68M |
| Gross Margin | 22.5% | 20.8% | 22.2% | 22.6% | 23.3% | 22.4% | 21.0% | 21.5% | 20.4% | 20.0% | 21.2% | 21.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.01B | $955M | $869.9M | $777.4M | $757.24M | $729.1M | $781.41M | $597.41M | $506.25M | $522.92M | $542.07M | $502M |
| Other | $0 | $23.36M | $47.75M | -$16.35M | -$36.86M | -$30.06M | -$41.72M | -$36.91M | -$40.09M | $49.67M | -$5.42M | -$8.68M |
| Total Operating Expenses | $1.01B | $978.36M | $917.66M | $761.06M | $720.38M | $699.04M | $739.69M | $560.5M | $466.17M | $572.59M | $536.65M | $493.31M |
| Operating Income (EBIT) | $418.19M | $428.07M | $288.36M | $185.67M | $132.45M | $177.81M | $92.06M | $205.01M | $150.7M | $35.41M | $146.46M | $162.37M |
| Operating Margin | 6.6% | 6.3% | 5.3% | 4.4% | 3.6% | 4.5% | 2.3% | 5.8% | 5.0% | 1.2% | 4.6% | 5.2% |
| Interest Expense | $51.3M | $51.58M | $31.5M | $23.18M | $17.7M | $20.96M | $23.73M | $20.84M | $15.8M | $16.51M | -$15.64M | -$9.27M |
| Interest Income | $6.88M | $11.43M | $2.19M | $966K | $396K | $787K | $1.3M | $2.71M | $2.46M | $1.19M | $0 | $0 |
| Other Income (Expense) | -$35.68M | -$60.41M | -$24.3M | -$19.44M | -$19.86M | -$16.4M | -$24.82M | $54.8M | -$17.7M | -$23.4M | -$18.32M | -$17.95M |
| Income Before Tax (EBT) | $382.51M | $367.65M | $264.05M | $166.22M | $112.59M | $161.41M | $67.24M | $259.8M | $133M | $12.01M | $128.14M | $144.42M |
| Income Tax Expense | $73.65M | $76.99M | $56.14M | $39.66M | $23.64M | $42.49M | -$69.89M | $74.75M | $21.46M | $13.99M | $13.79M | $10.83M |
| Net Income | $241.14M | $235.05M | $161.15M | $96.66M | $64.07M | $98.54M | $120.53M | $167.95M | $97.33M | -$13.15M | $88.26M | $96.29M |
| Net Income Margin | 3.8% | 3.5% | 3.0% | 2.3% | 1.8% | 2.5% | 3.0% | 4.7% | 3.2% | -0.4% | 2.7% | 3.1% |
| Supplementary Data | ||||||||||||
| EPS | 2.26 | 2.21 | 1.56 | 0.93 | 0.62 | 0.98 | 1.30 | 2.10 | 1.22 | -0.16 | 0.91 | 1.00 |
| Diluted EPS | 2.20 | 2.12 | 1.42 | 0.85 | 0.59 | 0.97 | 1.30 | 2.10 | 1.22 | -0.16 | 0.91 | 1.00 |
| Weighted Average OS | 106.83M | 106.29M | 104.99M | 103.76M | 102.54M | 100.85M | 92.42M | 80.01M | 80.01M | 80.01M | 96.66M | 96.66M |
| EBITDA | $550.3M | $518.48M | $415.52M | $309.91M | $274.49M | $310.35M | $216.67M | $244.16M | $145.81M | $139.64M | $86.4M | $97.85M |
| EBITDA Margin | 8.6% | 7.7% | 7.6% | 7.4% | 7.5% | 7.9% | 5.5% | 6.9% | 4.8% | 4.6% | 2.7% | 3.2% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $466.39M | $453.55M | $272.94M | $262.54M | $342.61M | $483.61M | $182.69M | $228.1M | $445.16M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $466.39M | $453.55M | $272.94M | $262.54M | $342.61M | $483.61M | $182.69M | $228.1M | $445.16M |
| Accounts Receivable | $2.04B | $1.84B | $1.67B | $1.35B | $1.18B | $1.28B | $1.25B | $1.14B | $1.06B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $176.93M | $166.95M | $191.43M | $105.87M | $1.27M | $3.61M | $12.69M | $974K | $980K |
| Total Current Assets | $2.68B | $2.46B | $2.14B | $1.72B | $1.63B | $1.84B | $1.53B | $1.44B | $1.56B |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $277.83M | $264.62M | $258.17M | $251.14M | $286.87M | $331.43M | $356.17M | $91.85M | $87.58M |
| Goodwill | $2.19B | $2.08B | $1.79B | $1.66B | $1.41B | $1.26B | $1.05B | $736.94M | $496.79M |
| Intangible Assets | $325.88M | $349.94M | $275.57M | $254.13M | $207.82M | $245.96M | $259.86M | $179.52M | $17.7M |
| Long-Term Investments | $148.64M | $138.76M | $128.2M | $107.42M | $110.69M | $68.97M | $68.62M | $63.56M | $71.58M |
| Deferred Tax Assets | $88.19M | $133.45M | $140.16M | $137.71M | $134.39M | $130.2M | $130.4M | $76.73M | $8.46M |
| Other Long-Term Assets | $58.8M | $56.11M | $71.77M | $66.11M | $46.13M | $56.04M | $61.49M | $46.23M | $28.65M |
| Total Long-Term Assets | $3.09B | $3.03B | $2.67B | $2.48B | $2.2B | $2.09B | $1.92B | $1.19B | $710.75M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.77B | $5.49B | $4.8B | $4.2B | $3.83B | $3.94B | $3.45B | $2.63B | $2.27B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $250.51M | $207.59M | $242.82M | $201.43M | $196.29M | $225.68M | $216.61M | $226.34M | $207.08M |
| Short-Term Debt | $0 | $463.4M | $0 | $0 | $0 | $50M | $0 | $0 | $0 |
| Current Income Tax Payable | $11.24M | $7.7M | $6.98M | $4.29M | $7.84M | $4.98M | $7.23M | $11.54M | $7.67M |
| Current Unearned Revenue | $340.11M | $289.8M | $301.11M | $213.06M | $171.67M | $201.86M | $230.68M | $208.58M | $145.15M |
| Other Current Liabilities | $374.9M | $389.16M | $366.9M | $324.26M | $288.65M | $326.21M | $289.08M | $294.7M | $403.55M |
| Total Current Liabilities | $1.53B | $1.92B | $1.41B | $1.11B | $1.03B | $1.19B | $1.14B | $1.01B | $1.01B |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $1.24B | $784.1M | $745.96M | $743.61M | $591.92M | $540M | $249.35M | $429.16M | $249.41M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46M | $53.34M |
| Long-Term Deferred Tax Liabilities | $12.16M | $11.04M | $9.78M | $12.47M | $11.4M | $12.29M | $9.62M | $6.63M | $8.54M |
| Other Long-Term Liabilities | $120.94M | $121.86M | $138.09M | $124.35M | $108.41M | $152.4M | $181.43M | $168.84M | $148.32M |
| Total Long-Term Liabilities | $1.47B | $1.04B | $1.02B | $994.09M | $863.04M | $888.88M | $645.23M | $651.57M | $459.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3B | $2.95B | $2.43B | $2.1B | $1.89B | $2.08B | $1.79B | $1.66B | $1.47B |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $145.68M | $146.66M | $146.34M | $146.13M | $146.28M | $146.61M | $146.44M | $0 | $0 |
| Retained Earnings | $661.17M | $426.78M | $203.72M | $43.09M | -$53.53M | -$120.57M | -$218.03M | $12.45M | -$186.03M |
| Comprehensive Income & Other | -$20.92M | -$26.59M | -$14.91M | -$17.85M | -$9.57M | -$13.87M | -$14.26M | -$22.96M | -$15M |
| Other Stockholders' Equity | $1.84B | $1.84B | $1.94B | $1.85B | $1.81B | $1.79B | $1.7B | $914.87M | $963.93M |
| Total Equity | $2.64B | $2.42B | $2.29B | $2.04B | $1.9B | $1.81B | $1.63B | $927.32M | $777.89M |
| Minority Interest | $125.65M | $118.1M | $89.5M | $52.37M | $36.34M | $47.65M | $30.87M | $46.46M | $27.49M |
| Total Liabilities and Equity | $5.64B | $5.37B | $4.71B | $4.15B | $3.79B | $3.89B | $3.42B | $2.59B | $2.25B |
| Supplementary Data | |||||||||
| Total Debt | $1.38B | $1.42B | $927.15M | $916.41M | $799.14M | $828.33M | $504.17M | $430.1M | $249.41M |
| Net Debt | $916.07M | $967.5M | $654.21M | $653.87M | $456.53M | $344.72M | $321.49M | $202M | -$195.76M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $241.14M | $290.67M | $207.91M | $126.56M | $88.95M | $118.92M | $137.13M | $239.44M | $111.54M | -$1.99M |
| Depreciation & Amortization | $116.49M | $99.25M | $119.97M | $120.5M | $144.21M | $127.98M | $125.7M | $69.87M | $35.2M | $42.16M |
| Deferred Income Tax | $44.31M | $6.1M | -$8.91M | -$844K | -$3.47M | $1.27M | -$123.34M | -$1.45M | $5.4M | -$1.13M |
| Stock-Based Compensation | $0 | $56.08M | $34.37M | $23.01M | $20.19M | $15.23M | $8.27M | $45.16M | $40.55M | $41.8M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$152.14M | -$131.26M | -$296.08M | -$117.32M | $99.89M | -$8.62M | -$30.21M | $461.3M | -$2.96M | $105.57M |
| Inventory | $0 | $0 | $0 | $0 | -$132.64M | -$7.47M | $29.88M | -$448.96M | $25.53M | -$37.75M |
| Accounts Payable | $23.34M | -$42.69M | $24.5M | -$717K | -$31.77M | $1.49M | -$17.12M | $5.57M | $27.33M | -$43.18M |
| Other Working Capital | -$18.18M | $88.13M | $168.3M | $14.71M | -$30.41M | -$29.67M | $20.15M | $40.38M | $27.33M | $4.23M |
| Total Working Capital Change | -$146.98M | -$85.81M | -$103.28M | -$103.33M | -$94.92M | -$44.28M | $2.7M | $58.29M | $77.23M | $28.87M |
| Other Non-Cash Items | $223.42M | $157.32M | $157.64M | $71.62M | $50.62M | $70.03M | $69.78M | -$91.05M | $33.77M | $35M |
| Net Cash from Operating | $478.38M | $523.61M | $407.7M | $237.53M | $205.57M | $289.16M | $220.24M | $284.63M | $265.03M | $198.56M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$67.97M | -$49.21M | -$40.4M | -$30.59M | -$21.11M | -$34.04M | -$67.6M | -$29.28M | -$27.94M | -$30.08M |
| Acquisitions | -$142.66M | -$507.68M | -$336.12M | -$387.65M | -$221.13M | -$313.88M | -$507M | -$474.45M | -$27.27M | -$1.13M |
| Purchases of Investments | -$83.6M | $0 | $0 | -$17.62M | -$38.46M | -$11.04M | -$24.58M | -$4.72M | -$3.5M | -$5.17M |
| Sales of Investments | $40.22M | $0 | $0 | $9.44M | $15.58M | $53K | $12.41M | $11.43M | $1.97M | $4.04M |
| Other Investing Activities | $0 | $179K | $546K | $8.95M | $24.2M | $12.53M | $15.96M | $439K | $2.25M | $1.9M |
| Net Cash from Investing | -$254M | -$556.72M | -$375.97M | -$417.47M | -$240.91M | -$346.37M | -$570.8M | -$503.3M | -$52.96M | -$29.3M |
| Financing Activities | ||||||||||
| Debt Repaid | $15.98M | -$302.39M | - | -$150M | $50M | -$400M | $180M | - | - | - |
| Common Stock Issuance | $8.88M | $7.93M | $6.06M | $5.38M | $5.55M | $4.39M | $536.88M | $0 | $0 | $0 |
| Common Stock Repurchases | -$124.99M | -$25M | -$11M | -$22M | -$21.7M | $0 | -$6.27M | -$125.81M | -$111.4M | -$148.72M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | -$52.09M | $0 | $0 | $0 |
| Other Financing Activities | -$83.59M | -$66.57M | -$16.93M | -$20.59M | -$40.36M | -$56.16M | -$32.48M | $1.23M | -$48.77M | -$36.5M |
| Net Cash from Financing | -$215.68M | $218.75M | -$21.87M | $100.37M | -$106.5M | $348.23M | $266.04M | $55.41M | -$160.17M | -$185.22M |
| Forex Effect | $4.14M | -$5.04M | $546K | -$1.77M | -$1.5M | $823K | -$1.29M | -$1.7M | $1.24M | -$1.2M |
| Net Change in Cash | $12.84M | $180.6M | $10.4M | -$81.34M | -$143.33M | $291.84M | -$85.82M | -$164.95M | $53.13M | -$17.16M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $478.38M | $523.61M | $407.7M | $237.53M | $205.57M | $289.16M | $220.24M | $284.63M | $265.03M | $198.56M |
| Capital Expenditure | -$67.97M | -$49.21M | -$40.4M | -$30.59M | -$21.11M | -$34.04M | -$67.6M | -$29.28M | -$27.94M | -$30.08M |
| Free Cash Flow | $410.41M | $474.39M | $367.3M | $206.93M | $184.47M | $255.13M | $152.64M | $255.35M | $237.09M | $168.48M |
| Cash at Beginning | $453.55M | $272.94M | $262.54M | $343.88M | $487.21M | $195.37M | $281.19M | $446.14M | $393.01M | $410.17M |
| Cash at End | $466.39M | $453.55M | $272.94M | $262.54M | $343.88M | $487.21M | $195.37M | $281.19M | $446.14M | $393.01M |