Parsons (PSN) Financials

$51.17 +0.83 (+1.65%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$51.20 +0.02 (+0.04%)

As of 07:03 AM Eastern

Annual Income Statements for Parsons

This table shows Parsons' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	97	222	121	99	64	97	161	235	241
Consolidated Net Income / (Loss)	112	239	137	119	89	127	208	291	309
Net Income / (Loss) Continuing Operations	112	239	137	119	89	127	208	291	309
Total Pre-Tax Income	133	260	67	161	113	166	264	368	383
Total Operating Income	151	205	92	178	132	186	288	428	418
Total Gross Profit	617	766	832	877	853	947	1,206	1,406	1,432
Total Revenue	3,017	3,561	3,955	3,919	3,661	4,195	5,443	6,751	6,364
Operating Revenue	3,017	3,561	3,955	3,919	3,661	4,195	5,443	6,751	6,364
Total Cost of Revenue	2,400	2,795	3,123	3,042	2,808	3,249	4,237	5,344	4,933
Operating Cost of Revenue	2,400	2,795	3,123	3,042	2,808	3,249	4,237	5,344	4,933
Total Operating Expenses	466	560	740	699	720	761	918	978	1,013
Selling, General & Admin Expense	506	597	781	729	757	777	870	955	1,016
Other Operating Expenses / (Income)	-40	-37	-42	-30	-37	-16	48	23	-2.58
Total Other Income / (Expense), net	-18	55	-25	-16	-20	-19	-24	-60	-36
Interest Expense	16	21	24	21	18	23	31	52	51
Interest & Investment Income	2.47	2.71	1.30	0.79	0.40	0.97	2.19	11	6.88
Other Income / (Expense), net	-4.37	73	-2.39	3.77	-2.56	2.78	5.00	-20	8.86
Income Tax Expense	21	20	-70	42	24	40	56	77	74
Net Income / (Loss) Attributable to Noncontrolling Interest	14	17	17	20	25	30	47	56	68
Basic Earnings per Share	$1.16	$2.78	$1.30	$0.98	$0.62	$0.93	$1.53	$2.21	$2.26
Weighted Average Basic Shares Outstanding	-	-	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M
Diluted Earnings per Share	$1.16	$2.78	$1.30	$0.97	$0.59	$0.87	$1.42	$2.12	$2.20
Weighted Average Diluted Shares Outstanding	-	-	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M
Weighted Average Basic & Diluted Shares Outstanding	-	-	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M

This table shows Parsons' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	47	45	40	69	72	201	66	55	64	56	53
Consolidated Net Income / (Loss)	60	58	55	81	86	216	82	70	82	75	65
Net Income / (Loss) Continuing Operations	60	58	55	81	86	216	82	70	82	75	65
Total Pre-Tax Income	75	72	68	103	108	281	101	89	98	95	81
Total Operating Income	83	77	102	111	115	100	109	96	108	105	96
Total Gross Profit	294	367	325	352	360	370	354	348	360	369	357
Total Revenue	1,419	1,494	1,536	1,670	1,810	1,734	1,554	1,584	1,622	1,604	1,491
Operating Revenue	1,419	1,494	1,536	1,670	1,810	1,734	1,554	1,584	1,622	1,604	1,491
Total Cost of Revenue	1,124	1,127	1,211	1,319	1,450	1,365	1,200	1,236	1,262	1,234	1,134
Operating Cost of Revenue	1,124	1,127	1,211	1,319	1,450	1,365	1,200	1,236	1,262	1,234	1,134
Total Operating Expenses	211	290	223	240	245	247	245	253	252	264	262
Selling, General & Admin Expense	221	238	221	223	246	265	244	252	260	260	268
Other Operating Expenses / (Income)	-10	52	2.06	17	-0.87	-	0.69	0.64	-8.27	4.35	-6.16
Total Other Income / (Expense), net	-8.31	-5.19	-34	-8.29	-6.88	158	-8.47	-6.48	-10	-10	-14
Interest Expense	8.61	9.13	13	13	13	-180	12	13	14	13	16
Interest & Investment Income	0.49	0.60	1.15	3.83	4.23	-21	2.14	1.07	1.84	1.83	1.81
Other Income / (Expense), net	-0.19	3.34	-22	0.90	1.92	-1.40	1.64	5.02	1.57	0.64	-0.19
Income Tax Expense	15	14	13	22	23	64	19	19	16	20	16
Net Income / (Loss) Attributable to Noncontrolling Interest	12	13	15	12	14	15	16	15	18	19	12
Basic Earnings per Share	$0.45	$0.43	$0.37	$0.65	$0.68	$1.89	$0.62	$0.52	$0.60	$0.52	$0.49
Weighted Average Basic Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M
Diluted Earnings per Share	$0.42	$0.39	$0.37	$0.63	$0.65	$1.85	$0.60	$0.50	$0.59	$0.51	$0.49
Weighted Average Diluted Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M
Weighted Average Basic & Diluted Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M

This table details how cash moves in and out of Parsons' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	53	-165	-86	292	-143	-81	10	181	13
Net Cash From Operating Activities	265	285	220	289	206	238	408	524	478
Net Cash From Continuing Operating Activities	265	285	220	289	206	238	408	524	478
Net Income / (Loss) Continuing Operations	112	239	137	119	89	127	208	291	309
Consolidated Net Income / (Loss)	112	239	137	119	89	127	208	291	309
Depreciation Expense	35	70	126	128	144	121	120	99	116
Amortization Expense	-6.78	-6.53	0.97	5.19	2.82	3.03	2.84	7.80	5.06
Non-Cash Adjustments To Reconcile Net Income	59	-364	27	60	65	60	154	237	22
Changes in Operating Assets and Liabilities, net	66	346	-71	-23	-95	-72	-77	-112	26
Net Cash From Investing Activities	-53	-503	-571	-346	-241	-417	-376	-557	-256
Net Cash From Continuing Investing Activities	-53	-503	-571	-346	-256	-417	-376	-557	-256
Purchase of Property, Plant & Equipment	-28	-29	-68	-34	-21	-31	-40	-49	-68
Acquisitions	-29	-486	-519	-314	-237	-397	-342	-563	-229
Sale of Property, Plant & Equipment	2.25	0.44	3.79	1.55	1.33	0.77	0.55	0.18	0.84
Divestitures	-	-	0.00	0.00	0.00	0.00	0.38	0.00	0.00
Sale and/or Maturity of Investments	1.97	11	12	0.05	0.77	9.44	5.02	55	40
Net Cash From Financing Activities	-160	55	266	348	-107	100	-22	219	-214
Net Cash From Continuing Financing Activities	-160	55	266	348	-102	100	-22	219	-214
Repayment of Debt	-1.95	-81	-777	-223	-50	-1,171	-621	-172	-596
Repurchase of Preferred Equity	-	-	-	-	-	0.00	0.00	-498	-113
Repurchase of Common Equity	-	-	-6.27	0.00	-22	-33	-11	-25	-125
Payment of Dividends	-51	-19	-94	-5.82	-38	-24	-12	-29	-63
Issuance of Debt	0.00	260	597	613	0.00	1,320	621	953	694
Issuance of Common Equity	7.48	21	547	20	7.31	16	8.93	10	10
Other Financing Activities, net	-114	-126	0.00	-56	0.00	-7.04	-7.30	-20	-20
Effect of Exchange Rate Changes	1.24	-1.70	-1.29	0.82	-1.50	-1.77	0.55	-5.04	4.14
Cash Interest Paid	13	17	23	14	15	21	30	34	44

This table details how cash moves in and out of Parsons' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	27	68	150	105	30	-105	-184	142	11	44	-182
Net Cash From Operating Activities	204	190	-63	161	299	127	-12	160	163	168	-3.70
Net Cash From Continuing Operating Activities	204	190	-63	161	299	127	-12	160	163	168	-3.70
Net Income / (Loss) Continuing Operations	60	58	55	81	86	216	82	70	82	75	65
Consolidated Net Income / (Loss)	60	58	55	81	86	216	82	70	82	75	65
Depreciation Expense	30	33	25	24	25	26	27	29	30	31	36
Amortization Expense	0.71	0.72	4.10	1.23	1.24	1.24	1.22	1.39	1.22	1.22	1.21
Non-Cash Adjustments To Reconcile Net Income	-7.43	179	53	11	60	-90	-36	22	45	-8.11	-62
Changes in Operating Assets and Liabilities, net	120	-80	-200	44	128	-27	-86	37	5.04	69	-44
Net Cash From Investing Activities	-243	-49	-46	-43	-256	-212	-62	-103	-24	-67	-365
Net Cash From Continuing Investing Activities	-243	-49	-46	-43	-256	-212	-62	-103	-24	-67	-365
Purchase of Property, Plant & Equipment	-13	-9.52	-9.44	-9.26	-12	-19	-13	-9.44	-13	-32	-15
Acquisitions	-230	-44	-36	-34	-244	-248	-48	-105	-27	-48	-357
Sale and/or Maturity of Investments	-	4.95	-	-	-	55	0.00	-	16	12	7.54
Net Cash From Financing Activities	67	-74	260	-12	-13	-15	-111	82	-127	-58	186
Net Cash From Continuing Financing Activities	67	-74	260	-12	-13	-15	-111	82	-127	-58	186
Repayment of Debt	-249	-184	-172	-0.24	-	800	-146	-450	-	-	-76
Repurchase of Preferred Equity	-	-	-496	-	-0.02	-2.02	-28	-0.01	-85	-	0.00
Repurchase of Common Equity	-	-3.00	0.00	-10	-	-15	-25	-15	-25	-60	-35
Payment of Dividends	-9.67	-0.34	-11	-3.99	-14	-0.19	-42	-3.05	-18	-0.45	-34
Issuance of Debt	324	109	953	-	-	-800	146	548	-	-	350
Issuance of Common Equity	1.34	4.45	0.00	3.82	0.96	5.33	0.26	4.86	1.18	4.16	0.81
Other Financing Activities, net	-0.10	-0.36	-15	-2.03	-0.29	-3.33	-16	-2.57	-0.75	-1.36	-20
Effect of Exchange Rate Changes	-0.30	0.38	-0.40	-0.24	0.33	-4.72	0.52	2.75	-0.35	1.23	-0.67

This table presents Parsons' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,613	3,450	3,938	3,831	4,198	4,804	5,488	5,770
Total Current Assets	1,489	1,526	1,843	1,632	1,720	2,138	2,462	2,684
Cash & Equivalents	280	183	484	343	263	273	454	466
Accounts Receivable	623	671	699	598	717	916	1,100	1,124
Prepaid Expenses	69	84	81	111	106	191	167	177
Other Current Assets	515	575	577	579	634	758	742	916
Plant, Property, & Equipment, net	92	123	121	104	96	99	112	151
Total Noncurrent Assets	1,032	1,801	1,974	2,094	2,382	2,568	2,914	2,935
Long-Term Investments	64	69	69	111	107	128	139	149
Goodwill	737	1,047	1,262	1,413	1,662	1,793	2,083	2,187
Intangible Assets	180	260	246	208	254	276	350	326
Noncurrent Deferred & Refundable Income Taxes	5.68	130	130	134	138	140	133	88
Other Noncurrent Operating Assets	46	295	266	229	221	231	209	186
Total Liabilities & Shareholders' Equity	2,613	3,450	3,938	3,831	4,198	4,804	5,488	5,770
Total Liabilities	1,657	1,790	2,076	1,894	2,102	2,427	2,953	3,002
Total Current Liabilities	1,006	1,144	1,187	1,031	1,108	1,411	1,916	1,532
Short-Term Debt	-	0.00	50	-	59	0.00	463	45
Accounts Payable	226	217	226	196	201	243	208	251
Accrued Expenses	560	640	651	599	630	801	894	884
Current Deferred Revenue	209	231	202	172	213	301	290	340
Current Deferred & Payable Income Tax Liabilities	12	7.23	4.98	7.84	4.29	6.98	7.70	11
Total Noncurrent Liabilities	651	645	889	863	994	1,016	1,038	1,470
Long-Term Debt	429	249	540	592	744	746	784	1,238
Capital Lease Obligations	46	-	-	149	111	118	114	94
Noncurrent Deferred & Payable Income Tax Liabilities	6.24	9.62	12	11	12	9.78	11	12
Other Noncurrent Operating Liabilities	170	386	337	111	127	143	128	126
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-921	1,661	1,861	1,937	2,096	2,377	2,534	2,768
Total Preferred & Common Equity	-968	1,630	1,814	1,901	2,044	2,287	2,416	2,642
Total Common Equity	-968	1,630	1,814	1,901	2,044	2,287	2,416	2,642
Common Stock	0.00	2,796	2,848	2,831	2,863	2,926	2,831	2,794
Retained Earnings	12	-218	-121	-54	43	204	427	661
Treasury Stock	-957	-934	-899	-867	-845	-827	-815	-793
Accumulated Other Comprehensive Income / (Loss)	-23	-14	-14	-9.57	-18	-15	-27	-21
Noncontrolling Interest	46	31	48	36	52	90	118	126

This table presents Parsons' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,095	4,256	4,508	4,733	5,098	5,239	5,443	5,449	5,721	5,737	6,012
Total Current Assets	1,611	1,801	1,980	2,016	2,427	2,574	2,555	2,401	2,594	2,649	2,594
Cash & Equivalents	148	220	179	205	423	528	559	270	411	423	284
Accounts Receivable	711	764	949	907	1,023	1,043	1,035	1,125	1,168	1,224	1,097
Prepaid Expenses	110	134	140	147	213	199	171	184	178	180	192
Other Current Assets	642	684	712	757	768	804	790	823	836	822	1,022
Plant, Property, & Equipment, net	95	95	95	99	98	98	101	122	123	126	155
Total Noncurrent Assets	2,390	2,360	2,432	2,618	2,573	2,567	2,787	2,926	3,005	2,962	3,263
Long-Term Investments	99	107	119	165	145	157	195	142	151	156	162
Goodwill	1,661	1,662	1,693	1,797	1,791	1,791	1,931	2,107	2,162	2,163	2,424
Intangible Assets	273	236	240	282	262	248	308	340	361	339	408
Noncurrent Deferred & Refundable Income Taxes	140	140	145	149	158	163	164	132	134	107	60
Other Noncurrent Operating Assets	216	214	235	225	217	208	190	205	196	196	209
Total Liabilities & Shareholders' Equity	4,095	4,256	4,508	4,733	5,098	5,239	5,443	5,449	5,721	5,737	6,012
Total Liabilities	2,090	2,130	2,317	2,485	2,855	2,919	3,029	2,903	3,100	3,072	3,258
Total Current Liabilities	1,149	1,140	1,295	1,394	1,354	1,427	1,650	1,865	1,608	1,588	1,480
Short-Term Debt	-	56	57	57	55	53	115	435	85	0.00	43
Accounts Payable	201	209	237	266	274	253	300	289	288	271	233
Accrued Expenses	683	635	694	772	739	822	877	784	848	912	832
Current Deferred Revenue	198	229	292	277	283	298	-	298	320	344	360
Current Deferred & Payable Income Tax Liabilities	9.15	11	15	22	2.37	1.04	4.56	7.69	13	11	13
Total Noncurrent Liabilities	940	990	1,022	1,091	1,502	1,492	1,379	1,038	1,492	1,484	1,778
Long-Term Debt	695	744	745	820	1,246	1,247	1,133	785	1,236	1,237	1,513
Capital Lease Obligations	121	107	129	119	107	98	98	108	100	98	121
Noncurrent Deferred & Payable Income Tax Liabilities	10	13	20	20	9.76	9.79	28	11	19	18	12
Other Noncurrent Operating Liabilities	114	126	128	131	139	137	121	133	137	132	132
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,005	2,126	2,191	2,248	2,243	2,320	2,414	2,546	2,622	2,665	2,754
Total Preferred & Common Equity	1,953	2,064	2,119	2,173	2,150	2,219	2,312	2,454	2,516	2,558	2,650
Total Common Equity	1,953	2,064	2,119	2,173	2,150	2,219	2,312	2,454	2,516	2,558	2,650
Common Stock	2,825	2,858	2,868	2,876	2,907	2,909	2,929	2,807	2,807	2,792	2,756
Retained Earnings	15	68	112	159	87	156	227	488	542	606	710
Treasury Stock	-867	-845	-845	-845	-827	-827	-827	-815	-815	-815	-793
Accumulated Other Comprehensive Income / (Loss)	-19	-18	-15	-17	-17	-19	-16	-26	-18	-24	-23
Noncontrolling Interest	52	62	71	75	93	101	102	92	106	107	105

This table displays calculated financial ratios and metrics derived from Parsons' official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	18.01%	11.07%	-0.91%	-6.59%	14.60%	29.74%	24.03%	-5.72%
EBITDA Growth	0.00%	95.29%	-36.61%	45.49%	-12.02%	12.66%	33.40%	28.12%	6.53%
EBIT Growth	0.00%	89.93%	-67.74%	102.50%	-28.47%	45.08%	55.68%	45.27%	4.69%
NOPAT Growth	0.00%	49.50%	-0.63%	-30.22%	-20.12%	35.10%	60.61%	49.05%	-0.25%
Net Income Growth	0.00%	114.67%	-42.73%	-13.28%	-25.20%	42.28%	64.28%	39.80%	6.26%
EPS Growth	0.00%	139.66%	-53.24%	-25.38%	-39.18%	47.46%	63.22%	49.30%	3.77%
Operating Cash Flow Growth	0.00%	7.40%	-22.62%	31.29%	-28.91%	15.54%	71.64%	28.43%	-8.64%
Free Cash Flow Firm Growth	0.00%	0.00%	58.43%	68.31%	-89.23%	-23.23%	110.22%	-549.69%	224.12%
Invested Capital Growth	0.00%	0.00%	51.63%	15.13%	17.31%	18.75%	7.53%	16.38%	5.46%
Revenue Q/Q Growth	0.00%	0.00%	2.82%	-1.83%	-0.37%	3.77%	7.74%	3.69%	-2.01%
EBITDA Q/Q Growth	0.00%	0.00%	6.38%	7.69%	1.73%	3.00%	5.41%	2.13%	-1.09%
EBIT Q/Q Growth	0.00%	0.00%	1.56%	12.36%	1.63%	9.59%	6.84%	4.32%	-2.49%
NOPAT Q/Q Growth	0.00%	0.00%	1.07%	3.16%	11.07%	2.64%	8.52%	0.38%	1.33%
Net Income Q/Q Growth	0.00%	0.00%	6.26%	4.02%	11.59%	0.16%	11.66%	119.78%	1.79%
EPS Q/Q Growth	0.00%	0.00%	4.00%	4.30%	9.26%	-2.25%	11.81%	221.21%	1.85%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-30.18%	42.41%	-29.46%	-0.29%	32.92%	-10.80%	9.31%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-230.99%	26.52%	25.64%	130.88%	-161.99%	297.50%
Invested Capital Q/Q Growth	0.00%	0.00%	0.94%	13.65%	7.62%	2.57%	-1.23%	9.87%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	20.45%	21.50%	21.03%	22.37%	23.30%	22.57%	22.16%	20.83%	22.49%
EBITDA Margin	5.79%	9.58%	5.47%	8.03%	7.56%	7.44%	7.65%	7.90%	8.62%
Operating Margin	5.00%	5.76%	2.33%	4.54%	3.62%	4.43%	5.30%	6.34%	6.57%
EBIT Margin	4.85%	7.81%	2.27%	4.63%	3.55%	4.49%	5.39%	6.31%	6.71%
Profit (Net Income) Margin	3.70%	6.72%	3.47%	3.03%	2.43%	3.02%	3.82%	4.31%	4.85%
Tax Burden Percent	83.86%	92.16%	203.93%	73.68%	79.01%	76.14%	78.74%	79.06%	80.75%
Interest Burden Percent	90.89%	93.48%	74.99%	88.89%	86.68%	88.21%	90.01%	86.27%	89.59%
Effective Tax Rate	16.14%	7.84%	-103.93%	26.33%	20.99%	23.86%	21.26%	20.94%	19.25%
Return on Invested Capital (ROIC)	0.00%	34.81%	13.75%	7.40%	5.08%	5.81%	8.29%	11.02%	9.95%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	112.25%	-73.70%	-118.69%	-4.72%	2.25%	4.49%	3.26%	6.08%
Return on Net Nonoperating Assets (RNNOA)	0.00%	15.33%	-3.26%	-0.65%	-0.40%	0.46%	1.01%	0.82%	1.71%
Return on Equity (ROE)	0.00%	50.13%	10.48%	6.75%	4.68%	6.28%	9.30%	11.84%	11.65%
Cash Return on Invested Capital (CROIC)	0.00%	-165.19%	-27.29%	-6.67%	-10.85%	-11.33%	1.03%	-4.12%	4.63%
Operating Return on Assets (OROA)	0.00%	10.64%	2.96%	4.92%	3.34%	4.69%	6.52%	8.28%	7.58%
Return on Assets (ROA)	0.00%	9.16%	4.52%	3.22%	2.29%	3.15%	4.62%	5.65%	5.49%
Return on Common Equity (ROCE)	0.00%	-50.78%	2.65%	6.60%	4.58%	6.14%	9.00%	11.34%	11.11%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-24.75%	8.41%	6.56%	4.68%	6.19%	9.09%	12.03%	0.00%
Net Operating Profit after Tax (NOPAT)	126	189	188	131	105	141	227	338	338
NOPAT Margin	4.19%	5.31%	4.75%	3.34%	2.86%	3.37%	4.17%	5.01%	5.30%
Net Nonoperating Expense Percent (NNEP)	0.00%	-77.45%	87.44%	126.09%	9.80%	3.57%	3.80%	7.75%	3.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	4.70%	7.01%	8.69%	8.23%
Cost of Revenue to Revenue	79.55%	78.50%	78.97%	77.63%	76.70%	77.43%	77.84%	79.17%	77.51%
SG&A Expenses to Revenue	16.78%	16.78%	19.76%	18.60%	20.69%	18.53%	15.98%	14.15%	15.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.45%	15.74%	18.70%	17.84%	19.68%	18.14%	16.86%	14.15%	15.92%
Earnings before Interest and Taxes (EBIT)	146	278	90	182	130	188	293	426	427
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	341	216	315	277	312	416	533	548
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.51	2.02	1.81	2.34	2.88	4.05	2.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	12.70	11.99	12.28	37.52	30.04	0.00	50.82
Price to Revenue (P/Rev)	0.17	0.14	1.04	0.94	0.94	1.14	1.21	1.45	1.03
Price to Earnings (P/E)	5.14	2.25	34.00	37.22	53.70	49.52	40.82	41.68	27.29
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	19.47%	44.47%	2.94%	2.69%	1.86%	2.02%	2.45%	2.40%	3.66%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.35	2.50	1.98	1.69	2.04	2.51	3.23	2.13
Enterprise Value to Revenue (EV/Rev)	0.00	0.72	1.04	0.96	1.03	1.28	1.31	1.58	1.17
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.48	19.02	11.91	13.59	17.26	17.13	20.04	13.53
Enterprise Value to EBIT (EV/EBIT)	0.00	9.19	45.88	20.65	28.98	28.57	24.30	25.07	17.39
Enterprise Value to NOPAT (EV/NOPAT)	0.00	13.51	21.91	28.62	35.97	38.08	31.40	31.57	21.99
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.97	18.68	12.96	18.31	22.67	17.49	20.40	15.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	253.23	0.00	47.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.50	0.15	0.32	0.38	0.44	0.36	0.54	0.48
Long-Term Debt to Equity	0.00	0.50	0.15	0.29	0.38	0.41	0.36	0.35	0.48
Financial Leverage	0.00	0.14	0.04	0.01	0.08	0.21	0.23	0.25	0.28
Leverage Ratio	0.00	2.74	2.32	2.10	2.05	1.99	2.01	2.10	2.12
Compound Leverage Factor	0.00	2.56	1.74	1.86	1.77	1.76	1.81	1.81	1.90
Debt to Total Capital	0.00%	33.22%	13.05%	24.07%	27.66%	30.37%	26.65%	34.95%	32.49%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	2.04%	0.00%	1.96%	0.00%	11.89%	0.00%
Long-Term Debt to Total Capital	0.00%	33.22%	13.05%	22.03%	27.66%	28.41%	26.65%	23.06%	32.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	134.42%	1.62%	1.94%	1.36%	1.74%	2.76%	3.03%	3.07%
Common Equity to Total Capital	0.00%	-67.64%	85.33%	73.99%	70.98%	67.89%	70.59%	62.02%	64.45%
Debt to EBITDA	0.00	1.39	1.15	1.87	2.68	2.93	2.07	2.55	2.43
Net Debt to EBITDA	0.00	0.38	-0.07	0.11	1.03	1.74	1.11	1.44	1.31
Long-Term Debt to EBITDA	0.00	1.39	1.15	1.72	2.68	2.74	2.07	1.69	2.43
Debt to NOPAT	0.00	2.52	1.33	4.50	7.08	6.47	3.80	4.02	3.95
Net Debt to NOPAT	0.00	0.69	-0.08	0.26	2.74	3.85	2.04	2.27	2.12
Long-Term Debt to NOPAT	0.00	2.52	1.33	4.12	7.08	6.05	3.80	2.65	3.95
Altman Z-Score	0.00	2.12	2.65	2.36	2.33	2.70	3.20	3.70	3.06
Noncontrolling Interest Sharing Ratio	0.00%	201.29%	74.68%	2.23%	2.21%	2.20%	3.17%	4.23%	4.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.48	1.33	1.55	1.58	1.55	1.52	1.29	1.75
Quick Ratio	0.00	0.90	0.75	1.00	0.91	0.88	0.84	0.81	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-897	-373	-118	-223	-275	28	-127	157
Operating Cash Flow to CapEx	1,031.68%	986.80%	345.16%	890.00%	1,039.51%	796.48%	1,023.08%	1,067.84%	712.64%
Free Cash Flow to Firm to Interest Expense	0.00	-43.02	-15.71	-5.64	-12.63	-11.88	0.89	-1.81	3.06
Operating Cash Flow to Interest Expense	16.78	13.66	9.28	13.80	11.62	10.24	12.94	7.49	9.32
Operating Cash Flow Less CapEx to Interest Expense	15.15	12.27	6.59	12.25	10.50	8.96	11.68	6.79	8.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.36	1.30	1.06	0.94	1.05	1.21	1.31	1.13
Accounts Receivable Turnover	0.00	5.71	6.11	5.72	5.65	6.38	6.67	6.70	5.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	38.76	36.86	32.15	32.51	41.90	55.82	64.13	48.46
Accounts Payable Turnover	0.00	12.35	14.10	13.76	13.31	16.34	19.07	23.73	21.54
Days Sales Outstanding (DSO)	0.00	63.90	59.75	63.80	64.65	57.23	54.76	54.50	63.80
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	29.56	25.88	26.53	27.43	22.34	19.14	15.38	16.95
Cash Conversion Cycle (CCC)	0.00	34.34	33.86	37.27	37.23	34.89	35.62	39.12	46.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,086	1,646	1,895	2,223	2,640	2,839	3,304	3,485
Invested Capital Turnover	0.00	6.56	2.90	2.21	1.78	1.73	1.99	2.20	1.88
Increase / (Decrease) in Invested Capital	0.00	1,086	560	249	328	417	199	465	180
Enterprise Value (EV)	0.00	2,553	4,114	3,749	3,764	5,384	7,129	10,684	7,423
Market Capitalization	500	500	4,098	3,667	3,441	4,787	6,578	9,796	6,581
Book Value per Share	$0.00	($52.25)	$16.42	$18.01	$18.59	$19.74	$21.81	$22.76	$24.81
Tangible Book Value per Share	$0.00	($101.74)	$3.25	$3.04	$2.74	$1.23	$2.09	($0.15)	$1.22
Total Capital	0.00	1,430	1,910	2,451	2,678	3,010	3,240	3,896	4,100
Total Debt	0.00	475	249	590	741	914	863	1,362	1,332
Total Long-Term Debt	0.00	475	249	540	741	855	863	898	1,332
Net Debt	0.00	130	-15	34	286	544	462	770	717
Capital Expenditures (CapEx)	26	29	64	32	20	30	40	49	67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	201	187	219	258	408	454	557	685
Debt-free Net Working Capital (DFNWC)	0.00	483	382	706	602	671	727	1,010	1,152
Net Working Capital (NWC)	0.00	483	382	656	602	612	727	547	1,152
Net Nonoperating Expense (NNE)	15	-50	51	12	16	15	19	48	29
Net Nonoperating Obligations (NNO)	0.00	130	-15	34	286	544	462	770	717
Total Depreciation and Amortization (D&A)	28	63	127	133	147	124	123	107	122
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	5.66%	4.72%	5.58%	7.04%	9.73%	8.34%	8.25%	10.77%
Debt-free Net Working Capital to Revenue	0.00%	13.56%	9.66%	18.01%	16.43%	15.99%	13.35%	14.96%	18.10%
Net Working Capital to Revenue	0.00%	13.56%	9.66%	16.73%	16.43%	14.58%	13.35%	8.10%	18.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.30	$0.98	$0.62	$0.93	$1.53	$2.21	$2.26
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.30	$0.97	$0.59	$0.87	$1.42	$2.12	$2.20
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	100.67M	102.36M	103.67M	104.71M	105.83M	106.78M	105.83M
Normalized Net Operating Profit after Tax (NOPAT)	126	189	64	131	105	141	227	338	338
Normalized NOPAT Margin	4.19%	5.31%	1.63%	3.34%	2.86%	3.37%	4.17%	5.01%	5.30%
Pre Tax Income Margin	4.41%	7.30%	1.70%	4.12%	3.08%	3.96%	4.85%	5.45%	6.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.26	13.34	3.78	8.66	7.34	8.13	9.31	6.09	8.32
NOPAT to Interest Expense	8.00	9.07	7.91	6.25	5.91	6.10	7.21	4.84	6.58
EBIT Less CapEx to Interest Expense	7.64	11.95	1.09	7.11	6.22	6.84	8.05	5.39	7.01
NOPAT Less CapEx to Interest Expense	6.37	7.68	5.22	4.70	4.80	4.81	5.94	4.14	5.27
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	46.05%	7.89%	68.82%	4.89%	42.64%	19.06%	6.01%	10.05%	20.49%
Augmented Payout Ratio	46.05%	7.89%	73.40%	4.89%	67.04%	45.33%	11.30%	18.65%	60.96%

This table displays calculated financial ratios and metrics derived from Parsons' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	105,831,019.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	105,831,019.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.05%	35.46%	30.87%	23.15%	27.60%	16.07%	1.22%	-5.16%	-10.41%	-7.52%	-4.07%
EBITDA Growth	21.86%	22.98%	56.09%	29.64%	25.15%	9.73%	28.22%	-5.31%	-1.47%	9.84%	-4.93%
EBIT Growth	31.30%	30.27%	87.85%	45.89%	40.60%	21.83%	38.30%	-10.36%	-6.32%	7.57%	-13.88%
NOPAT Growth	36.62%	40.50%	84.90%	45.78%	37.03%	23.67%	8.15%	-13.29%	-0.85%	5.70%	-13.44%
Net Income Growth	37.20%	59.73%	-361.12%	47.38%	43.10%	272.86%	48.72%	-12.67%	-4.43%	7.83%	-20.27%
EPS Growth	55.56%	62.50%	-539.13%	65.79%	54.76%	374.36%	62.16%	-20.63%	-9.23%	8.51%	-18.33%
Operating Cash Flow Growth	65.47%	113.25%	-605.45%	601.72%	46.89%	-33.33%	81.41%	-0.88%	-45.54%	32.15%	68.61%
Free Cash Flow Firm Growth	49.08%	63.31%	41.45%	-0.01%	82.10%	-183.95%	1.99%	-207.24%	-669.93%	74.81%	-53.59%
Invested Capital Growth	11.67%	7.53%	13.98%	7.38%	4.62%	16.38%	12.29%	14.78%	13.72%	5.46%	15.10%
Revenue Q/Q Growth	4.58%	5.33%	2.77%	8.78%	8.36%	-4.19%	-10.38%	1.93%	2.36%	-1.11%	-7.02%
EBITDA Q/Q Growth	7.12%	0.22%	11.27%	8.52%	3.41%	-12.12%	11.25%	-6.33%	7.61%	-2.04%	-3.71%
EBIT Q/Q Growth	8.00%	-2.85%	21.96%	14.01%	4.09%	-15.82%	12.65%	-9.19%	8.79%	-3.34%	-9.80%
NOPAT Q/Q Growth	11.06%	-6.33%	14.56%	22.32%	4.39%	-15.47%	15.21%	-14.72%	19.37%	-7.96%	-7.62%
Net Income Q/Q Growth	9.20%	-2.93%	-258.66%	187.63%	6.03%	152.92%	-62.22%	-13.81%	16.04%	-8.56%	-12.81%
EPS Q/Q Growth	10.53%	-7.14%	-358.97%	162.38%	3.17%	184.62%	-67.57%	-16.67%	18.00%	-13.56%	-3.92%
Operating Cash Flow Q/Q Growth	786.06%	-6.61%	-133.36%	354.22%	85.47%	-57.61%	-109.30%	1,455.74%	1.91%	2.87%	-102.21%
Free Cash Flow Firm Q/Q Growth	-93.02%	41.58%	-57.23%	60.51%	65.45%	-826.63%	25.17%	-28.26%	13.42%	69.81%	-358.07%
Invested Capital Q/Q Growth	1.79%	-1.23%	6.40%	-1.65%	-0.82%	9.87%	4.79%	0.52%	-1.73%	1.88%	14.36%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.74%	24.57%	21.15%	21.04%	19.90%	21.32%	22.77%	21.99%	22.19%	23.03%	23.97%
EBITDA Margin	8.04%	7.65%	8.28%	8.26%	7.88%	7.23%	8.97%	8.25%	8.67%	8.59%	8.89%
Operating Margin	5.87%	5.18%	6.63%	6.67%	6.35%	5.76%	7.03%	6.04%	6.66%	6.56%	6.42%
EBIT Margin	5.86%	5.41%	6.42%	6.72%	6.46%	5.67%	7.13%	6.35%	6.75%	6.60%	6.40%
Profit (Net Income) Margin	4.22%	3.89%	-6.00%	4.83%	4.73%	12.48%	5.26%	4.45%	5.04%	4.66%	4.37%
Tax Burden Percent	79.72%	80.35%	74.08%	78.27%	79.17%	77.10%	81.17%	79.04%	83.61%	78.95%	80.21%
Interest Burden Percent	90.23%	89.44%	-126.22%	91.82%	92.47%	285.27%	90.89%	88.58%	89.32%	89.49%	85.14%
Effective Tax Rate	20.28%	19.65%	0.00%	21.73%	20.83%	22.90%	18.83%	20.96%	16.39%	21.05%	19.79%
Return on Invested Capital (ROIC)	8.68%	8.27%	9.31%	10.91%	11.13%	9.75%	11.80%	9.80%	11.25%	9.71%	8.71%
ROIC Less NNEP Spread (ROIC-NNEP)	7.58%	7.44%	-13.71%	9.95%	10.24%	32.40%	11.02%	9.14%	9.99%	8.60%	7.63%
Return on Net Nonoperating Assets (RNNOA)	2.13%	1.68%	-4.46%	2.97%	2.68%	8.13%	4.04%	2.91%	2.65%	2.41%	3.09%
Return on Equity (ROE)	10.81%	9.95%	4.86%	13.88%	13.81%	17.88%	15.84%	12.70%	13.90%	12.12%	11.80%
Cash Return on Invested Capital (CROIC)	-3.35%	1.03%	-2.92%	3.67%	6.94%	-4.12%	-1.02%	-3.50%	-2.48%	4.63%	-5.29%
Operating Return on Assets (OROA)	6.71%	6.54%	7.96%	8.44%	8.26%	7.44%	9.16%	7.75%	7.85%	7.46%	7.04%
Return on Assets (ROA)	4.83%	4.70%	-7.44%	6.07%	6.05%	16.37%	6.75%	5.43%	5.86%	5.27%	4.81%
Return on Common Equity (ROCE)	10.49%	9.63%	4.68%	13.35%	13.29%	17.12%	15.23%	12.17%	13.33%	11.56%	11.36%
Return on Equity Simple (ROE_SIMPLE)	8.57%	0.00%	3.75%	4.80%	5.72%	0.00%	12.94%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	66	62	71	87	91	77	89	76	90	83	77
NOPAT Margin	4.68%	4.16%	4.64%	5.22%	5.03%	4.44%	5.70%	4.77%	5.57%	5.18%	5.15%
Net Nonoperating Expense Percent (NNEP)	1.11%	0.83%	23.02%	0.96%	0.89%	-22.65%	0.78%	0.65%	1.26%	1.11%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	-	1.92%	-	-	-	1.98%	2.29%	1.87%	2.26%	2.03%	1.73%
Cost of Revenue to Revenue	79.26%	75.43%	78.85%	78.96%	80.10%	78.68%	77.23%	78.01%	77.81%	76.97%	76.03%
SG&A Expenses to Revenue	15.59%	15.90%	14.39%	13.37%	13.60%	15.26%	15.70%	15.91%	16.04%	16.20%	17.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.87%	19.39%	14.52%	14.37%	13.55%	14.22%	15.75%	15.95%	15.53%	16.47%	17.55%
Earnings before Interest and Taxes (EBIT)	83	81	99	112	117	98	111	101	110	106	95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	114	127	138	143	125	139	131	141	138	133
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.62	2.88	4.05	5.41	4.76	4.05	2.58	3.05	3.46	2.49	2.16
Price to Tangible Book Value (P/TBV)	61.09	30.04	90.28	66.87	150.11	0.00	894.62	0.00	161.20	50.82	0.00
Price to Revenue (P/Rev)	1.13	1.21	1.50	1.96	1.69	1.45	0.93	1.15	1.36	1.03	0.91
Price to Earnings (P/E)	39.48	40.82	308.08	221.62	139.93	41.68	24.18	30.98	36.94	27.29	25.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.53%	2.45%	0.32%	0.45%	0.71%	2.40%	4.14%	3.23%	2.71%	3.66%	3.97%
Enterprise Value to Invested Capital (EV/IC)	2.23	2.51	3.12	4.23	3.89	3.23	2.12	2.48	2.84	2.13	1.77
Enterprise Value to Revenue (EV/Rev)	1.27	1.31	1.66	2.10	1.80	1.58	1.08	1.29	1.50	1.17	1.12
Enterprise Value to EBITDA (EV/EBITDA)	16.22	17.13	20.86	25.98	22.42	20.04	13.00	15.51	17.53	13.53	13.05
Enterprise Value to EBIT (EV/EBIT)	23.32	24.30	28.38	34.21	28.65	25.07	16.05	19.39	22.19	17.39	17.17
Enterprise Value to NOPAT (EV/NOPAT)	30.60	31.40	32.79	40.58	34.72	31.57	21.22	25.86	29.17	21.99	21.70
Enterprise Value to Operating Cash Flow (EV/OCF)	20.87	17.49	27.27	26.08	19.94	20.40	12.74	15.05	22.21	15.52	14.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	253.23	0.00	119.26	57.31	0.00	0.00	0.00	0.00	47.24	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.36	0.63	0.60	0.56	0.54	0.52	0.54	0.50	0.48	0.61
Long-Term Debt to Equity	0.42	0.36	0.60	0.58	0.51	0.35	0.35	0.51	0.50	0.48	0.59
Financial Leverage	0.28	0.23	0.32	0.30	0.26	0.25	0.37	0.32	0.27	0.28	0.41
Leverage Ratio	2.08	2.01	2.14	2.16	2.18	2.10	2.20	2.22	2.20	2.12	2.16
Compound Leverage Factor	1.87	1.80	-2.70	1.98	2.02	5.98	2.00	1.96	1.97	1.90	1.84
Debt to Total Capital	30.71%	26.65%	38.57%	37.61%	35.80%	34.95%	34.29%	35.15%	33.37%	32.49%	37.85%
Short-Term Debt to Total Capital	1.75%	0.00%	1.51%	1.42%	3.07%	11.89%	11.23%	2.10%	0.00%	0.00%	0.97%
Long-Term Debt to Total Capital	28.96%	26.65%	37.06%	36.19%	32.73%	23.06%	23.06%	33.05%	33.37%	32.49%	36.88%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.32%	2.76%	2.56%	2.72%	2.71%	3.03%	2.37%	2.62%	2.67%	3.07%	2.36%
Common Equity to Total Capital	66.96%	70.59%	58.87%	59.67%	61.49%	62.02%	63.34%	62.24%	63.96%	64.45%	59.80%
Debt to EBITDA	2.52	2.07	3.05	2.83	2.58	2.55	2.36	2.55	2.41	2.43	3.10
Net Debt to EBITDA	1.59	1.11	1.82	1.44	1.14	1.44	1.63	1.54	1.36	1.31	2.27
Long-Term Debt to EBITDA	2.38	2.07	2.93	2.73	2.36	1.69	1.58	2.40	2.41	2.43	3.02
Debt to NOPAT	4.76	3.80	4.79	4.43	3.99	4.02	3.84	4.25	4.01	3.95	5.15
Net Debt to NOPAT	2.99	2.04	2.86	2.26	1.76	2.27	2.65	2.57	2.27	2.12	3.78
Long-Term Debt to NOPAT	4.49	3.80	4.61	4.26	3.65	2.65	2.59	4.00	4.01	3.95	5.02
Altman Z-Score	2.71	3.06	3.31	4.01	3.71	3.51	2.86	3.05	3.29	2.88	2.54
Noncontrolling Interest Sharing Ratio	3.00%	3.17%	3.55%	3.82%	3.80%	4.23%	3.87%	4.19%	4.11%	4.60%	3.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.52	1.79	1.80	1.55	1.29	1.29	1.61	1.67	1.75	1.75
Quick Ratio	0.80	0.84	1.07	1.10	0.97	0.81	0.75	0.98	1.04	1.04	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-234	-137	-307	-121	-42	-388	-290	-372	-322	-97	-446
Operating Cash Flow to CapEx	1,601.48%	2,056.16%	-672.25%	1,750.37%	2,561.75%	677.31%	-87.49%	1,699.83%	1,241.14%	538.07%	-24.80%
Free Cash Flow to Firm to Interest Expense	-27.17	-14.97	-1.37	-9.32	-3.21	0.00	-23.71	-29.63	-23.82	-7.52	-27.88
Operating Cash Flow to Interest Expense	23.64	20.83	-0.28	12.39	22.94	0.00	-0.96	12.71	12.03	12.93	-0.23
Operating Cash Flow Less CapEx to Interest Expense	22.16	19.82	-0.33	11.69	22.05	0.00	-2.06	11.97	11.06	10.53	-1.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.14	1.21	1.24	1.26	1.28	1.31	1.28	1.22	1.16	1.13	1.10
Accounts Receivable Turnover	6.25	6.67	6.50	6.14	6.71	6.70	6.30	6.05	5.75	5.72	5.67
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	52.12	55.82	60.07	63.25	64.93	64.13	61.47	60.49	57.21	48.46	45.60
Accounts Payable Turnover	17.00	19.07	18.74	19.51	18.03	23.73	18.96	19.40	17.71	21.54	18.68
Days Sales Outstanding (DSO)	58.43	54.76	56.19	59.43	54.43	54.50	57.92	60.37	63.47	63.80	64.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	21.48	19.14	19.48	18.71	20.25	15.38	19.25	18.81	20.61	16.95	19.54
Cash Conversion Cycle (CCC)	36.96	35.62	36.71	40.72	34.18	39.12	38.67	41.56	42.87	46.85	44.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,874	2,839	3,083	3,032	3,007	3,304	3,462	3,480	3,420	3,485	3,985
Invested Capital Turnover	1.85	1.99	2.01	2.09	2.21	2.20	2.07	2.05	2.02	1.88	1.69
Increase / (Decrease) in Invested Capital	300	199	378	208	133	465	379	448	413	180	523
Enterprise Value (EV)	6,402	7,129	9,634	12,819	11,704	10,684	7,331	8,635	9,718	7,423	7,068
Market Capitalization	5,701	6,578	8,701	12,005	11,009	9,796	6,322	7,670	8,855	6,581	5,733
Book Value per Share	$20.72	$21.81	$14.65	$15.12	$21.78	$22.76	$22.98	$23.54	$23.95	$24.81	$25.04
Tangible Book Value per Share	$0.89	$2.09	$0.66	$1.22	$0.69	($0.15)	$0.07	($0.07)	$0.51	$1.22	($1.72)
Total Capital	3,245	3,240	3,651	3,718	3,761	3,896	3,874	4,042	3,999	4,100	4,431
Total Debt	997	863	1,408	1,398	1,346	1,362	1,328	1,421	1,334	1,332	1,677
Total Long-Term Debt	940	863	1,353	1,345	1,231	898	894	1,336	1,334	1,332	1,634
Net Debt	626	462	840	713	593	770	916	859	755	717	1,231
Capital Expenditures (CapEx)	13	9.25	9.43	9.21	12	19	13	9.40	13	31	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	473	454	705	671	462	557	701	660	639	685	873
Debt-free Net Working Capital (DFNWC)	678	727	1,129	1,200	1,021	1,010	971	1,071	1,061	1,152	1,157
Net Working Capital (NWC)	621	727	1,074	1,147	905	547	536	986	1,061	1,152	1,115
Net Nonoperating Expense (NNE)	6.63	4.17	163	6.49	5.45	-140	6.87	5.12	8.47	8.28	12
Net Nonoperating Obligations (NNO)	626	462	840	713	593	770	916	859	755	717	1,231
Total Depreciation and Amortization (D&A)	31	33	29	26	26	27	29	30	31	32	37
Debt-free, Cash-free Net Working Capital to Revenue	9.36%	8.34%	12.15%	10.97%	7.09%	8.25%	10.35%	9.87%	9.83%	10.77%	13.86%
Debt-free Net Working Capital to Revenue	13.43%	13.35%	19.44%	19.60%	15.68%	14.96%	14.34%	16.03%	16.34%	18.10%	18.37%
Net Working Capital to Revenue	12.30%	13.35%	18.49%	18.74%	13.90%	8.10%	7.91%	14.76%	16.34%	18.10%	17.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.43	($1.01)	$0.65	$0.68	$1.89	$0.62	$0.52	$0.60	$0.52	$0.49
Adjusted Weighted Average Basic Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M
Adjusted Diluted Earnings per Share	$0.42	$0.39	($1.01)	$0.63	$0.65	$1.85	$0.60	$0.50	$0.59	$0.51	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.89M	105.83M	146.75M	106.19M	106.19M	106.78M	106.87M	106.79M	106.49M	105.83M	106.98M
Normalized Net Operating Profit after Tax (NOPAT)	66	62	71	87	91	77	89	76	90	83	77
Normalized NOPAT Margin	4.68%	4.16%	4.64%	5.22%	5.03%	4.44%	5.70%	4.77%	5.57%	5.18%	5.15%
Pre Tax Income Margin	5.29%	4.84%	-8.10%	6.17%	5.97%	16.19%	6.48%	5.63%	6.03%	5.91%	5.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.66	8.85	0.44	8.63	8.97	0.00	9.05	8.01	8.09	8.17	5.97
NOPAT to Interest Expense	7.71	6.82	0.32	6.70	6.98	0.00	7.24	6.02	6.67	6.41	4.80
EBIT Less CapEx to Interest Expense	8.18	7.84	0.40	7.93	8.07	0.00	7.95	7.26	7.12	5.77	5.04
NOPAT Less CapEx to Interest Expense	6.24	5.80	0.28	6.00	6.09	0.00	6.14	5.27	5.70	4.01	3.86
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11.81%	6.01%	28.71%	23.72%	22.19%	10.05%	18.88%	19.21%	20.77%	20.49%	18.78%
Augmented Payout Ratio	17.45%	11.30%	34.92%	35.93%	32.02%	18.65%	34.63%	37.11%	47.13%	60.96%	64.96%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor‑focused view of Parsons Corp (PSN) based on quarterly statements over the last four fiscal years. The goal is to highlight meaningful year‑over‑year trends in revenue, profitability, cash flow, and the balance sheet that could impact risk and upside for retail investors.

Gross margin anchored by a higher gross profit percentage in late‑2025. Q4 2025 shows Total Revenue of 1,603,814,000 with Total Gross Profit of 369,343,000, implying a gross margin around 23%. This compares with about 21% in Q4 2024 (Gross Profit 369,752,000 on Revenue 1,734,316,000), signaling margin improvement despite flat to modestly lower quarterly revenue.
Operating margin improvement into late 2025. Q4 2025 shows Total Operating Income of 105,225,000 on 1,603,814,000 revenue (~6.6% operating margin), modestly stronger than the prior year’s periods, suggesting improved operating leverage.
Cash flow from operations trending up in 2025. Net Cash From Continuing Operating Activities rose across the year (Q2 2025: 159,801,000; Q3 2025: 162,850,000; Q4 2025: 167,518,000), signaling improving operating cash generation after earlier volatility.
Liquidity improving in 2025: higher cash balance observed in mid‑2025. Cash & Equivalents stood around 422.6 million in Q3 2025, up from earlier quarters in 2025, indicating stronger liquidity headroom.
Deleveraging signals: short‑term debt largely eliminated by mid‑2025. Short‑term debt is reported as 0.0 by Q3 2025 balance sheet, reducing near‑term liquidity risk and rollover concerns.
Capital returns to shareholders in 2025. Financing activity included notable share repurchases in 2025 (e.g., Q3 2025 and Q4 2025 show meaningful repurchases; Q4 2025 lists a substantial equity repurchase). This can be a positive for shareholders, though it uses cash that could otherwise be deployed for growth or debt repayment.
Free cash flow potential remains positive in late 2025. In Q4 2025, Net Cash From Operating Activities was 167,518,000 and capital expenditures (Purchase of Property, Plant & Equipment) were about 31,940,000, implying approximate quarterly free cash flow around 135–136 million, a constructive signal for liquidity and potential deleveraging over time.
Revenue scale and stability across years. Across the last four years, quarterly Revenue generally runs in the low‑to‑mid‑1.6 billion range with periodic variability, indicating a stable cash generation base without dramatic swings. This can offer steadier long‑term visibility than highly cyclical peers.
Balanced asset base with sizable goodwill and intangible assets. The Q3 2025 balance sheet shows goodwill around 2.163–2.164 billion and intangible assets around 339–343 million, plus a large level of total assets (~5.736 billion). While not immediately negative, these high non‑cash assets warrant monitoring for impairment risk if demand weakens.
Debt level remains meaningful but stable. Long‑term debt sits near 1.236–1.245 billion across 2025 quarters, with total liabilities and equity structure showing gradual changes but no dramatic deleveraging yet. This provides a baseline for evaluating future capital allocation decisions and potential leverage risk.
Net income trends weakened in 2025 vs. 2024. Net income attributable to common shareholders was 55,583,000 in Q4 2025 vs. 66,203,000 in Q4 2024; similarly, Q3 2025 net income to common shareholders was 64,123,000 vs. 71,951,000 in Q3 2024. The bottom line has softened despite stable revenue, signaling pressure on profitability that warrants watching.
Financing outflows persist, weighing on free cash flow in 2025. Net cash from financing activities remained negative in 2025 (e.g., Q4 2025 net financing cash flow around −57.6 million; Q3 2025 around −127.3 million), reflecting ongoing share repurchases and debt adjustments that reduce cash available for other uses.

05/15/26 06:52 AM ETAI Generated. May Contain Errors.

Parsons Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Parsons' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Parsons' net income appears to be on an upward trend, with a most recent value of $308.86 million in 2025, rising from $111.54 million in 2017. The previous period was $290.67 million in 2024. Check out Parsons' forecast to explore projected trends and price targets.

Parsons' total operating income in 2025 was $418.07 million, based on the following breakdown:

Total Gross Profit: $1.43 billion
Total Operating Expenses: $1.01 billion

Over the last 8 years, Parsons' total revenue changed from $3.02 billion in 2017 to $6.36 billion in 2025, a change of 110.9%.

Parsons' total liabilities were at $3.00 billion at the end of 2025, a 1.6% increase from 2024, and a 81.1% increase since 2018.

In the past 7 years, Parsons' cash and equivalents has ranged from $182.69 million in 2019 to $483.61 million in 2020, and is currently $466.39 million as of their latest financial filing in 2025.

Over the last 8 years, Parsons' book value per share changed from 0.00 in 2017 to 24.81 in 2025, a change of 2,481.0%.

Related Companies

Financial statements for NYSE:PSN last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Parsons (PSN) Financials

Financials Breakdown Chart

Key Financial Trends

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Parsons (PSN) Financials

Annual Income Statements for Parsons

Quarterly Income Statements for Parsons

Annual Cash Flow Statements for Parsons

Quarterly Cash Flow Statements for Parsons

Annual Balance Sheets for Parsons

Quarterly Balance Sheets for Parsons

Annual Metrics And Ratios for Parsons

Quarterly Metrics And Ratios for Parsons

Financials Breakdown Chart

Key Financial Trends

Parsons Financials - Frequently Asked Questions

When does Parsons' financial year end?

How has Parsons' net income changed over the last 8 years?

What is Parsons' operating income?

How has Parsons' revenue changed over the last 8 years?

How much debt does Parsons have?

How much cash does Parsons have?

How has Parsons' book value per share changed over the last 8 years?

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