NYSE : PSN
Parsons Corporation — Financial statements
Technology · Information Technology Services · United States
Last price 50.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.35B
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Financial statements
Parsons Corporation (PSN) reported revenue of 6.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.32B | 6.36B | 6.75B | 5.44B | 4.20B | 3.66B |
| Cost of Revenue | 4.92B | 4.93B | 5.34B | 4.24B | 3.25B | 2.81B |
| Gross Profit | 1.40B | 1.43B | 1.41B | 1.21B | 946.72M | 852.82M |
| Selling, General & Admin | 1.07B | 1.01B | 948.29M | 865.71M | 769.70M | 754.14M |
| Operating Expenses | 1.07B | 1.01B | 948.29M | 865.71M | 769.70M | 754.14M |
| Operating Income | 338.92M | 418.69M | 458.13M | 340.31M | 177.02M | 98.68M |
| Interest Expense | -61.64M | -51.30M | -51.58M | -31.50M | -23.18M | -17.70M |
| Interest & Investment Income | 5.07M | 6.88M | 11.43M | 2.19M | 966.00K | 396.00K |
| Earnings From Equity Investments | -24.70M | 2.58M | -23.36M | -47.75M | 16.35M | 36.86M |
| Currency Exchange Gain (Loss) | 5.50M | 5.50M | -6.90M | |||
| Other Non Operating Income (Expenses) | -5.34M | 4.00M | 5.94M | 5.21M | 2.61M | -2.22M |
| EBT Excluding Unusual Items | 257.80M | 386.35M | 393.65M | 268.46M | 173.76M | 116.03M |
| Merger & Restructuring Charges | -8.20M | -3.20M | -6.70M | -4.20M | -7.70M | -3.10M |
| Gain (Loss) on Sale of Assets | 18.05M | -639.00K | -948.00K | -206.00K | 164.00K | -338.00K |
| Other Unusual Items | -18.36M | |||||
| Pretax Income | 267.65M | 382.51M | 367.65M | 264.05M | 166.22M | 112.59M |
| Income Tax Expense | 60.70M | 73.65M | 76.99M | 56.14M | 39.66M | 23.64M |
| Earnings From Continuing Operations | 206.95M | 308.86M | 290.67M | 207.91M | 126.56M | 88.95M |
| Minority Interest in Earnings | -59.51M | -67.72M | -55.61M | -46.77M | -29.90M | -24.88M |
| Net Income | 147.44M | 241.14M | 235.05M | 161.15M | 96.66M | 64.07M |
| Net Income to Common | 147.44M | 241.14M | 235.05M | 161.15M | 96.66M | 64.07M |
| Shares Outstanding (Basic) | 106.71M | 106.83M | 106.27M | 104.99M | 103.76M | 102.54M |
| Shares Outstanding (Diluted) | 107.83M | 109.69M | 112.17M | 115.08M | 113.48M | 112.13M |
| EPS (Basic) | 1.38 | 2.26 | 2.21 | 1.53 | 0.93 | 0.62 |
| EPS (Diluted) | 1.36 | 2.20 | 2.12 | 1.42 | 0.87 | 0.59 |
| Free Cash Flow | 409.24M | 410.41M | 474.39M | 367.30M | 206.93M | 184.47M |
| Free Cash Flow Per Share | 3.79 | 3.74 | 4.23 | 3.19 | 1.82 | 1.65 |
| Gross Margin | 22.21% | 22.49% | 20.83% | 22.16% | 22.57% | 23.30% |
| Operating Margin | 5.36% | 6.58% | 6.79% | 6.25% | 4.22% | 2.70% |
| Profit Margin | 2.33% | 3.79% | 3.48% | 2.96% | 2.30% | 1.75% |
| Free Cash Flow Margin | 6.47% | 6.45% | 7.03% | 6.75% | 4.93% | 5.04% |
| EBITDA | 471.43M | 530.67M | 553.83M | 460.28M | 297.52M | 242.89M |
| EBITDA Margin | 7.46% | 8.34% | 8.20% | 8.46% | 7.09% | 6.64% |
| D&A For EBITDA | 132.51M | 111.98M | 95.70M | 119.97M | 120.50M | 144.21M |
| EBIT | 338.92M | 418.69M | 458.13M | 340.31M | 177.02M | 98.68M |
| EBIT Margin | 5.36% | 6.58% | 6.79% | 6.25% | 4.22% | 2.70% |
| Effective Tax Rate | 22.68% | 19.25% | 20.94% | 21.26% | 23.86% | 20.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 296.95M | 466.39M | 453.55M | 272.94M | 262.54M | 342.61M |
| Cash & Short-Term Investments | 296.95M | 466.39M | 453.55M | 272.94M | 262.54M | 342.61M |
| Receivables | 2.06B | 2.04B | 1.84B | 1.67B | 1.35B | 1.18B |
| Prepaid Expenses | 201.25M | 176.93M | 166.95M | 191.43M | 105.87M | 110.94M |
| Restricted Cash | 1.27M | |||||
| Total Current Assets | 2.58B | 2.68B | 2.46B | 2.14B | 1.72B | 1.63B |
| Property, Plant & Equipment | 337.26M | 286.82M | 274.49M | 265.95M | 255.10M | 291.26M |
| Long-Term Investments | 174.76M | 148.64M | 138.76M | 128.20M | 107.42M | 110.69M |
| Goodwill | 2.42B | 2.19B | 2.08B | 1.79B | 1.66B | 1.41B |
| Other Intangible Assets | 362.67M | 325.88M | 349.94M | 275.57M | 254.13M | 207.82M |
| Long-Term Deferred Tax Assets | 59.83M | 88.19M | 133.45M | 140.16M | 137.71M | 134.39M |
| Other Long-Term Assets | 50.02M | 49.81M | 46.25M | 63.99M | 62.14M | 41.74M |
| Total Assets | 5.99B | 5.77B | 5.49B | 4.80B | 4.20B | 3.83B |
| Accounts Payable | 243.38M | 250.51M | 207.59M | 242.82M | 201.43M | 196.29M |
| Accrued Expenses | 964.15M | 599.85M | 583.58M | 544.67M | 481.07M | 469.30M |
| Current Portion of Long-Term Debt | 463.40M | |||||
| Current Portion of Leases | 43.50M | 49.47M | 56.37M | 61.24M | 60.89M | 57.72M |
| Current Income Taxes Payable | 260.00K | 11.24M | 7.70M | 6.98M | 4.29M | 7.84M |
| Current Unearned Revenue | 308.41M | 340.11M | 289.80M | 301.11M | 213.06M | 171.67M |
| Other Current Liabilities | 57.41M | 280.48M | 307.20M | 254.07M | 147.38M | 127.97M |
| Total Current Liabilities | 1.62B | 1.53B | 1.92B | 1.41B | 1.11B | 1.03B |
| Long-Term Debt | 1.36B | 1.24B | 784.10M | 745.96M | 743.61M | 591.92M |
| Long-Term Leases | 139.93M | 99.28M | 120.83M | 122.63M | 113.66M | 151.31M |
| Long-Term Deferred Tax Liabilities | 10.09M | 12.16M | 11.04M | 9.78M | 12.47M | 11.40M |
| Other Long-Term Liabilities | 112.78M | 120.94M | 121.86M | 138.09M | 124.35M | 108.41M |
| Total Liabilities | 3.24B | 3.00B | 2.95B | 2.43B | 2.10B | 1.89B |
| Common Stock | 144.24M | 145.68M | 146.66M | 146.34M | 146.13M | 146.28M |
| Additional Paid-In Capital | 2.56B | 2.65B | 2.68B | 2.78B | 2.72B | 2.68B |
| Retained Earnings | 748.80M | 661.17M | 426.78M | 203.72M | 43.09M | -53.53M |
| Treasury Stock | -793.00M | -792.64M | -815.28M | -827.31M | -844.94M | -867.39M |
| Comprehensive Income & Other | -27.16M | -20.92M | -26.59M | -14.91M | -17.85M | -9.57M |
| Total Common Equity | 2.64B | 2.64B | 2.42B | 2.29B | 2.04B | 1.90B |
| Minority Interest | 110.51M | 125.65M | 118.10M | 89.50M | 52.37M | 36.34M |
| Shareholders' Equity | 2.75B | 2.77B | 2.53B | 2.38B | 2.10B | 1.94B |
| Total Liabilities & Equity | 5.99B | 5.77B | 5.49B | 4.80B | 4.20B | 3.83B |
| Total Debt | 1.54B | 1.39B | 1.42B | 929.84M | 918.16M | 800.96M |
| Net Cash (Debt) | -1.24B | -920.18M | -971.15M | -656.89M | -655.62M | -458.35M |
| Net Cash Per Share | -11.53 | -8.39 | -8.66 | -5.71 | -5.78 | -4.09 |
| Filing Date Shares Outstanding | 105.54M | 105.83M | 106.78M | 105.83M | 104.71M | 103.67M |
| Total Common Shares Outstanding | 105.53M | 106.97M | 106.78M | 105.84M | 104.70M | 103.66M |
| Working Capital | 961.99M | 1.15B | 546.76M | 726.64M | 611.66M | 601.57M |
| Book Value Per Share | 24.99 | 24.70 | 22.63 | 21.61 | 19.52 | 18.34 |
| Tangible Book Value | -146.61M | 129.49M | -16.23M | 218.98M | 127.59M | 280.26M |
| Tangible Book Value Per Share | -1.39 | 1.21 | -0.15 | 2.07 | 1.22 | 2.70 |
| Buildings | 109.32M | 118.94M | 103.94M | 102.37M | 103.07M | 99.54M |
| Machinery | 285.51M | 285.35M | 263.62M | 259.34M | 242.87M | 251.30M |
| Construction In Progress | 51.34M | 51.07M | 30.34M | 21.03M | 21.95M | 12.97M |
| Order Backlog | 8.72B | 8.89B | 8.59B | 8.18B | 8.35B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 147.44M | 241.14M | 235.05M | 161.15M | 96.66M | 64.07M |
| Depreciation & Amortization | 137.32M | 116.49M | 99.25M | 119.97M | 120.50M | 144.21M |
| Other Amortization | 4.89M | 5.06M | 7.80M | 2.84M | 3.03M | 2.82M |
| Loss (Gain) From Sale of Assets | -18.05M | 639.00K | 948.00K | 206.00K | -164.00K | 338.00K |
| Loss (Gain) on Equity Investments | 60.49M | 38.65M | 63.52M | 96.72M | 12.07M | -12.37M |
| Stock-Based Compensation | 124.61M | 116.86M | 115.86M | 92.54M | 77.67M | 75.09M |
| Provision & Write-off of Bad Debts | 32.00K | 57.00K | 8.00K | |||
| Other Operating Activities | 81.21M | 106.53M | 86.99M | 37.52M | 31.03M | 26.33M |
| Change in Accounts Receivable | -9.14M | -152.14M | -131.26M | -296.08M | -149.35M | 101.39M |
| Change in Accounts Payable | -32.67M | 23.34M | -42.69M | 24.50M | -717.00K | -31.77M |
| Change in Unearned Revenue | 22.19M | 34.90M | -11.32M | 84.44M | 41.31M | -30.41M |
| Change in Income Taxes | -12.20M | 3.58M | -341.00K | 2.89M | -3.65M | 2.88M |
| Change in Other Net Operating Assets | -15.96M | -56.65M | 99.80M | 80.97M | 9.08M | -137.01M |
| Operating Cash Flow | 490.14M | 478.38M | 523.61M | 407.70M | 237.53M | 205.57M |
| Capital Expenditures | -80.90M | -67.97M | -49.21M | -40.40M | -30.59M | -21.11M |
| Sale of Property, Plant & Equipment | 807.00K | 842.00K | 179.00K | 546.00K | 771.00K | 1.33M |
| Cash Acquisitions | -356.91M | -145.08M | -428.71M | -221.94M | -379.47M | -198.26M |
| Investment in Securities | -80.99M | -43.38M | -78.97M | -114.18M | -8.18M | -22.88M |
| Investing Cash Flow | -494.03M | -255.58M | -556.72M | -375.97M | -417.47M | -240.91M |
| Short-Term Debt Issued | 243.70M | 153.20M | 620.90M | |||
| Long-Term Debt Issued | 450.00M | 800.00M | 1.32B | |||
| Total Debt Issued | 569.30M | 693.70M | 953.20M | 620.90M | 1.32B | |
| Short-Term Debt Repaid | -243.70M | -153.20M | -620.90M | |||
| Long-Term Debt Repaid | -463.40M | -497.61M | -1.17B | -50.00M | ||
| Total Debt Repaid | -453.30M | -707.11M | -650.81M | -620.90M | -1.17B | -50.00M |
| Net Debt Issued (Repaid) | 116.00M | -13.40M | 302.39M | 150.00M | -50.00M | |
| Issuance of Common Stock | 9.78M | 8.88M | 7.93M | 6.06M | 5.38M | 5.55M |
| Repurchase of Common Stock | -191.76M | -145.31M | -47.56M | -18.30M | -29.04M | -23.94M |
| Other Financing Activities | -55.82M | -64.27M | -44.01M | -9.63M | -25.97M | -38.12M |
| Financing Cash Flow | -121.79M | -214.10M | 218.75M | -21.87M | 100.37M | -106.50M |
| Foreign Exchange Rate Adjustments | 78.00K | 4.14M | -5.04M | 546.00K | -1.77M | -1.50M |
| Net Cash Flow | -125.60M | 12.84M | 180.60M | 10.40M | -81.34M | -143.33M |
| Free Cash Flow | 409.24M | 410.41M | 474.39M | 367.30M | 206.93M | 184.47M |
| Free Cash Flow Margin | 6.47% | 6.45% | 7.03% | 6.75% | 4.93% | 5.04% |
| Free Cash Flow Per Share | 3.79 | 3.74 | 4.23 | 3.19 | 1.82 | 1.65 |
| Levered Free Cash Flow | 342.82M | 278.07M | 329.74M | 263.04M | 173.42M | 212.65M |
| Unlevered Free Cash Flow | 376.45M | 305.08M | 354.18M | 279.89M | 184.88M | 220.90M |
| Cash Interest Paid | 43.81M | 43.81M | 34.44M | 30.27M | 20.82M | 14.99M |
| Cash Income Tax Paid | 32.17M | 22.46M | ||||
| Change in Working Capital | -47.79M | -146.98M | -85.81M | -103.28M | -103.33M | -94.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.61B | 6.58B | 9.80B | 6.58B | 4.79B | 3.44B |
| Enterprise Value | 6.85B | 7.66B | 10.75B | 7.45B | 5.57B | 4.00B |
| Last Close Price | 50.69 | 61.80 | 92.25 | 62.71 | 46.25 | 33.65 |
| PE Ratio | 38.95 | 27.29 | 41.68 | 40.82 | 49.52 | 53.70 |
| Forward PE | 15.68 | 18.80 | 24.32 | 23.58 | 21.32 | 16.52 |
| PS Ratio | 0.85 | 1.03 | 1.45 | 1.21 | 1.14 | 0.94 |
| PB Ratio | 2.03 | 2.38 | 3.87 | 2.77 | 2.28 | 1.78 |
| P/TBV Ratio | 50.82 | 30.04 | 37.52 | 12.28 | ||
| P/FCF Ratio | 13.07 | 16.04 | 20.65 | 17.91 | 23.13 | 18.65 |
| P/OCF Ratio | 10.91 | 13.76 | 18.71 | 16.13 | 20.15 | 16.74 |
| PEG Ratio | 2.62 | 3.30 | 1.31 | 1.75 | 1.91 | 2.15 |
| EV/Sales Ratio | 1.04 | 1.20 | 1.59 | 1.37 | 1.33 | 1.09 |
| EV/EBITDA Ratio | 13.99 | 14.43 | 19.41 | 16.19 | 18.72 | 16.48 |
| EV/EBIT Ratio | 19.45 | 18.29 | 23.46 | 21.89 | 31.47 | 40.55 |
| EV/FCF Ratio | 16.11 | 18.66 | 22.65 | 20.29 | 26.92 | 21.70 |
| Debt / Equity Ratio | 0.56 | 0.50 | 0.56 | 0.39 | 0.44 | 0.41 |
| Debt / EBITDA Ratio | 2.79 | 2.28 | 2.26 | 1.72 | 2.43 | 2.56 |
| Debt / FCF Ratio | 3.77 | 3.38 | 3.00 | 2.53 | 4.44 | 4.34 |
| Net Debt / Equity Ratio | 0.45 | 0.33 | 0.38 | 0.28 | 0.31 | 0.24 |
| Net Debt / EBITDA Ratio | 2.64 | 1.73 | 1.75 | 1.43 | 2.20 | 1.89 |
| Net Debt / FCF Ratio | 3.04 | 2.24 | 2.05 | 1.79 | 3.17 | 2.48 |
| Asset Turnover | 1.08 | 1.13 | 1.31 | 1.21 | 1.04 | 0.94 |
| Quick Ratio | 1.46 | 1.64 | 1.20 | 1.38 | 1.46 | 1.48 |
| Current Ratio | 1.59 | 1.75 | 1.28 | 1.51 | 1.55 | 1.58 |
| Return on Equity (ROE) | 7.65% | 11.65% | 11.84% | 9.30% | 6.28% | 4.68% |
| Return on Assets (ROA) | 3.61% | 4.65% | 5.56% | 4.72% | 2.76% | 1.59% |
| Return on Invested Capital (ROIC) | 6.46% | 9.40% | 11.08% | 9.26% | 5.24% | 3.39% |
| Return on Capital Employed (ROCE) | 7.80% | 9.90% | 12.80% | 10.00% | 5.70% | 3.50% |
| Earnings Yield | 2.57% | 3.66% | 2.40% | 2.45% | 2.02% | 1.86% |
| FCF Yield | 7.65% | 6.24% | 4.84% | 5.58% | 4.32% | 5.36% |
| Buyback Yield / Dilution | 2.49% | 2.21% | 2.53% | -1.41% | -1.21% | -10.79% |