
Parsons Corporation
NYSE•PSN
CEO: Ms. Carey A. Smith
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 2019-05-08
Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S. Department of Defense, including military services; Missile Defense Agency, the Department of Energy; the Department of State; the Department of Homeland Security, and the Federal Aviation Administration. The Critical Infrastructure segment provides management, design, and engineering services, as well as offers leveraging sensor solutions. This segment develops digital solutions for next generation aviation, rail and transit, bridges, roads, and highways; and provides water and wastewater treatment systems; AI/ML, and digital twin and cyber systems integration services; planning, engineering, and management services for infrastructure, including bridges and tunnels, roads and highways, water and wastewater, and dams and reservoirs. Parsons Corporation was founded in 1944 and is headquartered in Chantilly, Virginia.
Contact Information
Market Cap
$9.02B
P/E (TTM)
22.9
36.8
Dividend Yield
--
52W High
$100.46
52W Low
$54.56
52W Range
Rank34Top 20.2%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.62B-10.41%
4-Quarter Trend
EPS
$0.60-11.77%
4-Quarter Trend
FCF
$149.73M-47.88%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
CI Revenue Growth Strong Critical Infrastructure revenue grew 15.5% YTD to $2.32B, driven by organic growth and recent acquisitions, offsetting Federal decline.
Net Income Attributable Increases Net income attributable to Parsons Corporation reached $185.6M for nine months, a 2.5% increase year-to-date compared to prior year.
Backlog Remains Robust Total backlog stands at $8.83B as of September 30, 2025, showing slight growth despite lower year-to-date awards.
Operating Cash Flow Stable Cash flow from operations for nine months decreased $86.0M to $310.9M, primarily due to working capital shifts.
Risk Factors
Federal Solutions Revenue Declines Federal Solutions revenue fell 18.9% YTD to $2.44B, driven by reduced volume on a confidential contract following reorganization.
YTD Awards Decreased Total new awards YTD dropped 9.3% to $4.87B, resulting in an overall Book-to-Bill ratio of 1.0 for the period.
Federal Budget Uncertainty Risk Uncertainty regarding Congressional actions and budget caps could delay federal funding and materially affect operations.
Contingencies and Litigation Risk Ongoing lawsuits, including False Claims Act appeal, require management judgment regarding probable loss estimation.
Outlook
Strategic Acquisitions Continue Integration of CTI, TRS, BCC, and BlackSignal strengthens capabilities across Federal and Critical Infrastructure segments.
Adequate Liquidity Maintained Management believes liquidity is adequate to fund operations and ongoing acquisition strategy for at least the next twelve months.
Pending Applied Sciences Deal Entered agreement to acquire Applied Sciences for $28M cash post-quarter end to enhance water infrastructure resilience.
Monitoring Tax Law Changes Evaluating potential impact of new tax legislation (OBBBA) on current cash tax liability, though annual effective rate is stable.
Peer Comparison
Revenue (TTM)
PSN$6.49B
$5.87B
TTEK$5.23B
Gross Margin (Latest Quarter)
WTS48.8%
40.4%
AOS38.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| DCI | $10.92B | 28.6 | 25.6% | 22.3% |
| AIT | $9.87B | 24.3 | 21.9% | 18.0% |
| SPXC | $9.77B | 44.9 | 13.7% | 14.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.2%
Flat Growth
4Q Net Income CAGR
-31.7%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $1.62B-10.4%|EPS: $0.60-11.8%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $1.58B-5.2%|EPS: $0.52-20.0%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $1.55B+1.2%|EPS: $0.62-161.4%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 19, 2025|Revenue: $6.75B+24.0%|EPS: $2.21+43.6%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $1.81B+27.6%|EPS: $0.68+51.1%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $1.67B+23.1%|EPS: $0.65+58.5%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $1.54B+30.9%|EPS: $-1.01-520.8%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 14, 2024|Revenue: $5.44B+29.7%|EPS: $1.56+67.7%Beat