Parsons Corporation (PSN) 10-Year Financial Performance & Capital Metrics

PSN • • Industrial / General

IndustrialsIndustrial MachineryIndustrial Automation & RoboticsFactory Automation Systems

AboutParsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the United States intelligence community; space and geospatial solutions, such as geospatial intelligence, threat analytics, space situational awareness, small satellite launch and integration, satellite ground systems, fight dynamics, and command, and control solutions to the National Geospatial-Intelligence Agency, National Reconnaissance Office, and multiple units within the U.S. Department of Defense. It also provides missile defense and C5ISR solutions, such as integrated air and missile defense, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems to Defense Intelligence Agency and the U.S. Department of Defense; technology services for energy production systems, aviation, healthcare and bio-surveillance systems, and environmental systems and associated infrastructure, as well as nuclear waste processing and treatment, weapons of mass destruction elimination, program and project management, infectious disease control analytics, and data protection solutions. In addition, the company offers intelligent transportation system management, aviation, rail and transit systems, smart cities software, and critical infrastructure cyber protection to the transportation authorities, rail, and transit entities; engineering services for infrastructure; and program management, and environmental solutions to private-sector industrial clients and public utilities. Parsons Corporation was founded in 1944 and is headquartered in Centreville, Virginia.Show more

Revenue $6.75B +24.0%
EBITDA $527M +29.1%
Net Income $235M +45.9%
EPS (Diluted) 2.12 +49.3%
Gross Margin 20.83% -6.0%
EBITDA Margin 7.81% +4.1%
Operating Margin 6.34% +19.7%
Net Margin 3.48% +17.6%
ROE 9.57% +32.8%
ROIC 9.83% +31.4%
Debt/Equity 0.56 +43.7%
Interest Coverage 8.30 -9.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.3%
✓Share count reduced 3.5% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y11.29%

3Y22.63%

TTM-0.24%

Profit (Net Income) CAGR

10Y-

5Y14.29%

3Y54.23%

TTM391.69%

EPS CAGR

10Y-

5Y10.28%

3Y53.17%

TTM230.3%

ROCE

10Y Avg8.76%

5Y Avg7.86%

3Y Avg9.16%

Latest12.29%

Peer Comparison

Factory Automation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKRockwell Automation, Inc.	47.35B	421.13	54.91	0.97%	10.41%	23.42%	2.87%	0.98
HIHillenbrand, Inc.	2.24B	31.83	43.01	-15.99%	1.61%	3.03%	0.8%	1.12
EMREmerson Electric Co.	83.23B	148.02	36.64	3%	12.73%	11.3%	3.2%	0.68
PSNParsons Corporation	7.69B	72.22	34.07	24.03%	5.96%	14.52%	6.17%	0.56
EPACEnerpac Tool Group Corp.	2.18B	41.40	24.35	4.65%	14.64%	20.92%	4.21%	0.53
OTISOtis Worldwide Corporation	35.21B	90.35	22.20	0.37%	9.41%		4.08%
TNCTennant Company	1.45B	79.73	18.20	3.47%	4.42%	8.53%	4.73%	0.41
CXTCrane NXT, Co.	2.97B	51.73	16.22	6.86%	9.8%	12.76%	5.68%	0.76

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.02B	3.56B	3.95B	3.92B	3.66B	4.2B	5.44B	6.75B
Revenue Growth %	-	0.18%	0.11%	-0.01%	-0.07%	0.15%	0.3%	0.24%
Cost of Goods Sold+	2.4B	2.8B	3.12B	3.04B	2.81B	3.25B	4.24B	5.34B
COGS % of Revenue	0.8%	0.79%	0.79%	0.78%	0.77%	0.77%	0.78%	0.79%
Gross Profit+	616.87M	765.5M	831.75M	876.86M	852.82M	946.72M	1.21B	1.41B
Gross Margin %	0.2%	0.21%	0.21%	0.22%	0.23%	0.23%	0.22%	0.21%
Gross Profit Growth %	-	0.24%	0.09%	0.05%	-0.03%	0.11%	0.27%	0.17%
Operating Expenses+	466.17M	560.5M	739.69M	699.04M	720.38M	761.06M	917.66M	978.36M
OpEx % of Revenue	0.15%	0.16%	0.19%	0.18%	0.2%	0.18%	0.17%	0.14%
Selling, General & Admin	506.25M	597.41M	781.41M	729.1M	757.24M	777.4M	869.9M	955M
SG&A % of Revenue	0.17%	0.17%	0.2%	0.19%	0.21%	0.19%	0.16%	0.14%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	-40.09M	-36.91M	-41.72M	-30.06M	-36.86M	-16.35M	47.75M	23.36M
Operating Income+	150.7M	205.01M	92.06M	177.81M	132.45M	185.67M	288.36M	428.07M
Operating Margin %	0.05%	0.06%	0.02%	0.05%	0.04%	0.04%	0.05%	0.06%
Operating Income Growth %	-	0.36%	-0.55%	0.93%	-0.26%	0.4%	0.55%	0.48%
EBITDA+	185.9M	274.88M	217.76M	305.8M	276.65M	306.17M	408.33M	527.32M
EBITDA Margin %	0.06%	0.08%	0.06%	0.08%	0.08%	0.07%	0.08%	0.08%
EBITDA Growth %	-	0.48%	-0.21%	0.4%	-0.1%	0.11%	0.33%	0.29%
D&A (Non-Cash Add-back)	35.2M	69.87M	125.7M	127.98M	144.21M	120.5M	119.97M	99.25M
EBIT	110.62M	174.29M	90.97M	182.37M	130.28M	189.41M	295.55M	419.23M
Net Interest Income+	-13.33M	-18.13M	-22.43M	-20.17M	-17.3M	-22.22M	-29.31M	-40.15M
Interest Income	2.46M	2.71M	1.3M	787K	396K	966K	2.19M	11.43M
Interest Expense	15.8M	20.84M	23.73M	20.96M	17.7M	23.18M	31.5M	51.58M
Other Income/Expense	-17.7M	54.8M	-24.82M	-16.4M	-19.86M	-19.44M	-24.3M	-60.41M
Pretax Income+	133M	259.8M	67.24M	161.41M	112.59M	166.22M	264.05M	367.65M
Pretax Margin %	0.04%	0.07%	0.02%	0.04%	0.03%	0.04%	0.05%	0.05%
Income Tax+	21.46M	74.75M	-69.89M	42.49M	23.64M	39.66M	56.14M	76.99M
Effective Tax Rate %	0.73%	0.65%	1.79%	0.61%	0.57%	0.58%	0.61%	0.64%
Net Income+	97.33M	167.95M	120.53M	98.54M	64.07M	96.66M	161.15M	235.05M
Net Margin %	0.03%	0.05%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%
Net Income Growth %	-	0.73%	-0.28%	-0.18%	-0.35%	0.51%	0.67%	0.46%
Net Income (Continuing)	111.54M	239.44M	137.13M	118.92M	88.95M	126.56M	207.91M	290.67M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	27.49M	46.46M	30.87M	47.65M	36.34M	52.37M	89.5M	118.1M
EPS (Diluted)+	1.22	2.10	1.30	0.97	0.59	0.85	1.42	2.12
EPS Growth %	-	0.72%	-0.38%	-0.25%	-0.39%	0.44%	0.67%	0.49%
EPS (Basic)	1.22	2.10	1.30	0.98	0.62	0.93	1.56	2.21
Diluted Shares Outstanding	80.01M	80.01M	92.75M	101.2M	112.13M	113.48M	115.08M	111.09M
Basic Shares Outstanding	80.01M	80.01M	92.42M	100.85M	102.54M	103.76M	104.99M	106.29M
Dividend Payout Ratio	-	-	0.43%	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.56B	1.44B	1.53B	1.84B	1.63B	1.72B	2.14B	2.46B
Cash & Short-Term Investments	445.16M	228.1M	182.69M	483.61M	342.61M	262.54M	272.94M	453.55M
Cash Only	445.16M	228.1M	182.69M	483.61M	342.61M	262.54M	272.94M	453.55M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	1.06B	1.14B	1.25B	1.28B	1.18B	1.35B	1.67B	1.84B
Days Sales Outstanding	128.68	116.72	115.05	118.76	117.41	117.57	112.2	99.59
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	980K	974K	12.69M	3.61M	1.27M	105.87M	191.43M	166.95M
Total Non-Current Assets+	710.75M	1.19B	1.92B	2.09B	2.2B	2.48B	2.67B	3.03B
Property, Plant & Equipment	87.58M	91.85M	356.17M	331.43M	286.87M	251.14M	258.17M	264.62M
Fixed Asset Turnover	34.45x	38.76x	11.10x	11.82x	12.76x	16.70x	21.08x	25.51x
Goodwill	496.79M	736.94M	1.05B	1.26B	1.41B	1.66B	1.79B	2.08B
Intangible Assets	17.7M	179.52M	259.86M	245.96M	207.82M	254.13M	275.57M	349.94M
Long-Term Investments	71.58M	63.56M	68.62M	68.97M	110.69M	107.42M	128.2M	138.76M
Other Non-Current Assets	28.65M	46.23M	61.49M	56.04M	46.13M	66.11M	71.77M	56.11M
Total Assets+	2.27B	2.63B	3.45B	3.94B	3.83B	4.2B	4.8B	5.49B
Asset Turnover	1.33x	1.35x	1.15x	1.00x	0.96x	1.00x	1.13x	1.23x
Asset Growth %	-	0.16%	0.31%	0.14%	-0.03%	0.1%	0.14%	0.14%
Total Current Liabilities+	1.01B	1.01B	1.14B	1.19B	1.03B	1.11B	1.41B	1.92B
Accounts Payable	207.08M	226.34M	216.61M	225.68M	196.29M	201.43M	242.82M	207.59M
Days Payables Outstanding	31.49	29.56	25.32	27.08	25.51	22.63	20.92	14.18
Short-Term Debt	0	0	0	50M	0	0	0	463.4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	403.55M	294.7M	289.08M	326.21M	288.65M	324.26M	366.9M	389.16M
Current Ratio	1.55x	1.43x	1.33x	1.55x	1.58x	1.55x	1.52x	1.29x
Quick Ratio	1.55x	1.43x	1.33x	1.55x	1.58x	1.55x	1.52x	1.29x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	459.61M	651.57M	645.23M	888.88M	863.04M	994.09M	1.02B	1.04B
Long-Term Debt	249.41M	429.16M	249.35M	540M	591.92M	743.61M	745.96M	784.1M
Capital Lease Obligations	0	935K	204.83M	184.2M	151.31M	113.66M	122.63M	120.83M
Deferred Tax Liabilities	8.54M	6.63M	9.62M	12.29M	11.4M	12.47M	9.78M	11.04M
Other Non-Current Liabilities	148.32M	168.84M	181.43M	152.4M	108.41M	124.35M	138.09M	121.86M
Total Liabilities	1.47B	1.66B	1.79B	2.08B	1.89B	2.1B	2.43B	2.95B
Total Debt+	249.41M	430.1M	504.17M	828.33M	799.14M	916.41M	927.15M	1.42B
Net Debt	-195.76M	202M	321.49M	344.72M	456.53M	653.87M	654.21M	967.5M
Debt / Equity	0.31x	0.44x	0.30x	0.45x	0.41x	0.44x	0.39x	0.56x
Debt / EBITDA	1.34x	1.56x	2.32x	2.71x	2.89x	2.99x	2.27x	2.69x
Net Debt / EBITDA	-1.05x	0.73x	1.48x	1.13x	1.65x	2.14x	1.60x	1.83x
Interest Coverage	9.54x	9.84x	3.88x	8.49x	7.48x	8.01x	9.16x	8.30x
Total Equity+	805.39M	973.78M	1.66B	1.86B	1.94B	2.1B	2.38B	2.53B
Equity Growth %	-	0.21%	0.71%	0.12%	0.04%	0.08%	0.13%	0.07%
Book Value per Share	10.07	12.17	17.91	18.39	17.28	18.47	20.65	22.82
Total Shareholders' Equity	777.89M	927.32M	1.63B	1.81B	1.9B	2.04B	2.29B	2.42B
Common Stock	0	0	146.44M	146.61M	146.28M	146.13M	146.34M	146.66M
Retained Earnings	-186.03M	12.45M	-218.03M	-120.57M	-53.53M	43.09M	203.72M	426.78M
Treasury Stock	-876.37M	-957.02M	-934.24M	-899.33M	-867.39M	-844.94M	-827.31M	-815.28M
Accumulated OCI	-15M	-22.96M	-14.26M	-13.87M	-9.57M	-17.85M	-14.91M	-26.59M
Minority Interest	27.49M	46.46M	30.87M	47.65M	36.34M	52.37M	89.5M	118.1M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	265.03M	284.63M	220.24M	289.16M	205.57M	237.53M	407.7M	523.61M
Operating CF Margin %	0.09%	0.08%	0.06%	0.07%	0.06%	0.06%	0.07%	0.08%
Operating CF Growth %	-	0.07%	-0.23%	0.31%	-0.29%	0.16%	0.72%	0.28%
Net Income	111.54M	239.44M	137.13M	118.92M	88.95M	126.56M	207.91M	0
Depreciation & Amortization	35.2M	69.87M	125.7M	127.98M	144.21M	120.5M	119.97M	0
Stock-Based Compensation	40.55M	45.16M	8.27M	15.23M	20.19M	23.01M	34.37M	0
Deferred Taxes	5.4M	-1.45M	-123.34M	1.27M	-3.47M	-844K	-8.91M	6.1M
Other Non-Cash Items	33.77M	-91.05M	69.78M	70.03M	50.62M	71.62M	157.64M	603.32M
Working Capital Changes	77.23M	58.29M	2.7M	-44.28M	-94.92M	-103.33M	-103.28M	-85.81M
Change in Receivables	-2.96M	461.3M	-30.21M	-8.62M	99.89M	-117.32M	0	-131.26M
Change in Inventory	25.53M	-448.96M	29.88M	-7.47M	-132.64M	0	0	0
Change in Payables	27.33M	5.57M	-17.12M	1.49M	-31.77M	-717K	24.5M	-42.69M
Cash from Investing+	-52.96M	-503.3M	-570.8M	-346.37M	-240.91M	-417.47M	-375.97M	-556.72M
Capital Expenditures	-27.94M	-29.28M	-67.6M	-34.04M	-21.11M	-30.59M	-40.4M	0
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	2.25M	439K	15.96M	12.53M	24.2M	8.95M	546K	-130.36M
Cash from Financing+	-160.17M	55.41M	266.04M	348.23M	-106.5M	100.37M	-21.87M	218.75M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-52.09M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-48.77M	1.23M	-32.48M	-56.16M	-40.36M	-20.59M	-16.93M	-66.57M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	237.09M	255.35M	152.64M	255.13M	184.47M	206.93M	367.3M	474.39M
FCF Margin %	0.08%	0.07%	0.04%	0.07%	0.05%	0.05%	0.07%	0.07%
FCF Growth %	-	0.08%	-0.4%	0.67%	-0.28%	0.12%	0.77%	0.29%
FCF per Share	2.96	3.19	1.65	2.52	1.65	1.82	3.19	4.27
FCF Conversion (FCF/Net Income)	2.72x	1.69x	1.83x	2.93x	3.21x	2.46x	2.53x	2.23x
Interest Paid	12.9M	16.8M	23.25M	14.21M	14.99M	20.82M	30.27M	34.44M
Taxes Paid	14.36M	17.05M	60.48M	55.35M	22.46M	32.17M	74.13M	65.27M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.08%	18.88%	9.15%	5.6%	3.37%	4.79%	7.21%	9.57%
Return on Invested Capital (ROIC)	18.54%	17.22%	4.37%	6.37%	4.32%	5.41%	7.48%	9.83%
Gross Margin	20.45%	21.5%	21.03%	22.37%	23.3%	22.57%	22.16%	20.83%
Net Margin	3.23%	4.72%	3.05%	2.51%	1.75%	2.3%	2.96%	3.48%
Debt / Equity	0.31x	0.44x	0.30x	0.45x	0.41x	0.44x	0.39x	0.56x
Interest Coverage	9.54x	9.84x	3.88x	8.49x	7.48x	8.01x	9.16x	8.30x
FCF Conversion	2.72x	1.69x	1.83x	2.93x	3.21x	2.46x	2.53x	2.23x
Revenue Growth	-	18.01%	11.07%	-0.91%	-6.59%	14.6%	29.74%	24.03%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Federal Solution	-	-	-	-	-	4.01B
Federal Solution Growth	-	-	-	-	-	-
Critical Infrastructure	-	-	-	-	37.9M	2.74B
Critical Infrastructure Growth	-	-	-	-	-	7138.69%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
North America	3.25B	3.22B	3.03B	3.46B	-	5.68B
North America Growth	-	-1.02%	-5.82%	14.34%	-	-
Middle East	689.07M	684.35M	610.65M	710.83M	-	1.05B
Middle East Growth	-	-0.68%	-10.77%	16.40%	-	-
Non-US	-	-	-	-	-	20.13M
Non-US Growth	-	-	-	-	-	-
Non Us	16.69M	18.72M	21.36M	21.31M	-	-
Non Us Growth	-	12.15%	14.09%	-0.20%	-	-

Frequently Asked Questions

Valuation & Price

Parsons Corporation (PSN) has a price-to-earnings (P/E) ratio of 34.1x. This suggests investors expect higher future growth.

Growth & Financials

Parsons Corporation (PSN) reported $6.49B in revenue for fiscal year 2024. This represents a 115% increase from $3.02B in 2017.

Parsons Corporation (PSN) grew revenue by 24.0% over the past year. This is strong growth.

Yes, Parsons Corporation (PSN) is profitable, generating $386.8M in net income for fiscal year 2024 (3.5% net margin).

Dividend & Returns

Parsons Corporation (PSN) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

Parsons Corporation (PSN) generated $382.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Parsons Corporation (PSN) 10-Year Financial Performance & Capital Metrics

PSN • • Industrial / General

IndustrialsIndustrial MachineryIndustrial Automation & RoboticsFactory Automation Systems

Revenue $6.75B +24.0%
EBITDA $527M +29.1%
Net Income $235M +45.9%
EPS (Diluted) 2.12 +49.3%
Gross Margin 20.83% -6.0%
EBITDA Margin 7.81% +4.1%
Operating Margin 6.34% +19.7%
Net Margin 3.48% +17.6%
ROE 9.57% +32.8%
ROIC 9.83% +31.4%
Debt/Equity 0.56 +43.7%
Interest Coverage 8.30 -9.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.3%
✓Share count reduced 3.5% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y11.29%

3Y22.63%

TTM-0.24%

Profit (Net Income) CAGR

10Y-

5Y14.29%

3Y54.23%

TTM391.69%

EPS CAGR

10Y-

5Y10.28%

3Y53.17%

TTM230.3%

ROCE

10Y Avg8.76%

5Y Avg7.86%

3Y Avg9.16%

Latest12.29%

Peer Comparison

Factory Automation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKRockwell Automation, Inc.	47.35B	421.13	54.91	0.97%	10.41%	23.42%	2.87%	0.98
HIHillenbrand, Inc.	2.24B	31.83	43.01	-15.99%	1.61%	3.03%	0.8%	1.12
EMREmerson Electric Co.	83.23B	148.02	36.64	3%	12.73%	11.3%	3.2%	0.68
PSNParsons Corporation	7.69B	72.22	34.07	24.03%	5.96%	14.52%	6.17%	0.56
EPACEnerpac Tool Group Corp.	2.18B	41.40	24.35	4.65%	14.64%	20.92%	4.21%	0.53
OTISOtis Worldwide Corporation	35.21B	90.35	22.20	0.37%	9.41%		4.08%
TNCTennant Company	1.45B	79.73	18.20	3.47%	4.42%	8.53%	4.73%	0.41
CXTCrane NXT, Co.	2.97B	51.73	16.22	6.86%	9.8%	12.76%	5.68%	0.76

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.02B	3.56B	3.95B	3.92B	3.66B	4.2B	5.44B	6.75B
Revenue Growth %	-	0.18%	0.11%	-0.01%	-0.07%	0.15%	0.3%	0.24%
Cost of Goods Sold+	2.4B	2.8B	3.12B	3.04B	2.81B	3.25B	4.24B	5.34B
COGS % of Revenue	0.8%	0.79%	0.79%	0.78%	0.77%	0.77%	0.78%	0.79%
Gross Profit+	616.87M	765.5M	831.75M	876.86M	852.82M	946.72M	1.21B	1.41B
Gross Margin %	0.2%	0.21%	0.21%	0.22%	0.23%	0.23%	0.22%	0.21%
Gross Profit Growth %	-	0.24%	0.09%	0.05%	-0.03%	0.11%	0.27%	0.17%
Operating Expenses+	466.17M	560.5M	739.69M	699.04M	720.38M	761.06M	917.66M	978.36M
OpEx % of Revenue	0.15%	0.16%	0.19%	0.18%	0.2%	0.18%	0.17%	0.14%
Selling, General & Admin	506.25M	597.41M	781.41M	729.1M	757.24M	777.4M	869.9M	955M
SG&A % of Revenue	0.17%	0.17%	0.2%	0.19%	0.21%	0.19%	0.16%	0.14%
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	-40.09M	-36.91M	-41.72M	-30.06M	-36.86M	-16.35M	47.75M	23.36M
Operating Income+	150.7M	205.01M	92.06M	177.81M	132.45M	185.67M	288.36M	428.07M
Operating Margin %	0.05%	0.06%	0.02%	0.05%	0.04%	0.04%	0.05%	0.06%
Operating Income Growth %	-	0.36%	-0.55%	0.93%	-0.26%	0.4%	0.55%	0.48%
EBITDA+	185.9M	274.88M	217.76M	305.8M	276.65M	306.17M	408.33M	527.32M
EBITDA Margin %	0.06%	0.08%	0.06%	0.08%	0.08%	0.07%	0.08%	0.08%
EBITDA Growth %	-	0.48%	-0.21%	0.4%	-0.1%	0.11%	0.33%	0.29%
D&A (Non-Cash Add-back)	35.2M	69.87M	125.7M	127.98M	144.21M	120.5M	119.97M	99.25M
EBIT	110.62M	174.29M	90.97M	182.37M	130.28M	189.41M	295.55M	419.23M
Net Interest Income+	-13.33M	-18.13M	-22.43M	-20.17M	-17.3M	-22.22M	-29.31M	-40.15M
Interest Income	2.46M	2.71M	1.3M	787K	396K	966K	2.19M	11.43M
Interest Expense	15.8M	20.84M	23.73M	20.96M	17.7M	23.18M	31.5M	51.58M
Other Income/Expense	-17.7M	54.8M	-24.82M	-16.4M	-19.86M	-19.44M	-24.3M	-60.41M
Pretax Income+	133M	259.8M	67.24M	161.41M	112.59M	166.22M	264.05M	367.65M
Pretax Margin %	0.04%	0.07%	0.02%	0.04%	0.03%	0.04%	0.05%	0.05%
Income Tax+	21.46M	74.75M	-69.89M	42.49M	23.64M	39.66M	56.14M	76.99M
Effective Tax Rate %	0.73%	0.65%	1.79%	0.61%	0.57%	0.58%	0.61%	0.64%
Net Income+	97.33M	167.95M	120.53M	98.54M	64.07M	96.66M	161.15M	235.05M
Net Margin %	0.03%	0.05%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%
Net Income Growth %	-	0.73%	-0.28%	-0.18%	-0.35%	0.51%	0.67%	0.46%
Net Income (Continuing)	111.54M	239.44M	137.13M	118.92M	88.95M	126.56M	207.91M	290.67M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	27.49M	46.46M	30.87M	47.65M	36.34M	52.37M	89.5M	118.1M
EPS (Diluted)+	1.22	2.10	1.30	0.97	0.59	0.85	1.42	2.12
EPS Growth %	-	0.72%	-0.38%	-0.25%	-0.39%	0.44%	0.67%	0.49%
EPS (Basic)	1.22	2.10	1.30	0.98	0.62	0.93	1.56	2.21
Diluted Shares Outstanding	80.01M	80.01M	92.75M	101.2M	112.13M	113.48M	115.08M	111.09M
Basic Shares Outstanding	80.01M	80.01M	92.42M	100.85M	102.54M	103.76M	104.99M	106.29M
Dividend Payout Ratio	-	-	0.43%	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.56B	1.44B	1.53B	1.84B	1.63B	1.72B	2.14B	2.46B
Cash & Short-Term Investments	445.16M	228.1M	182.69M	483.61M	342.61M	262.54M	272.94M	453.55M
Cash Only	445.16M	228.1M	182.69M	483.61M	342.61M	262.54M	272.94M	453.55M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	1.06B	1.14B	1.25B	1.28B	1.18B	1.35B	1.67B	1.84B
Days Sales Outstanding	128.68	116.72	115.05	118.76	117.41	117.57	112.2	99.59
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	980K	974K	12.69M	3.61M	1.27M	105.87M	191.43M	166.95M
Total Non-Current Assets+	710.75M	1.19B	1.92B	2.09B	2.2B	2.48B	2.67B	3.03B
Property, Plant & Equipment	87.58M	91.85M	356.17M	331.43M	286.87M	251.14M	258.17M	264.62M
Fixed Asset Turnover	34.45x	38.76x	11.10x	11.82x	12.76x	16.70x	21.08x	25.51x
Goodwill	496.79M	736.94M	1.05B	1.26B	1.41B	1.66B	1.79B	2.08B
Intangible Assets	17.7M	179.52M	259.86M	245.96M	207.82M	254.13M	275.57M	349.94M
Long-Term Investments	71.58M	63.56M	68.62M	68.97M	110.69M	107.42M	128.2M	138.76M
Other Non-Current Assets	28.65M	46.23M	61.49M	56.04M	46.13M	66.11M	71.77M	56.11M
Total Assets+	2.27B	2.63B	3.45B	3.94B	3.83B	4.2B	4.8B	5.49B
Asset Turnover	1.33x	1.35x	1.15x	1.00x	0.96x	1.00x	1.13x	1.23x
Asset Growth %	-	0.16%	0.31%	0.14%	-0.03%	0.1%	0.14%	0.14%
Total Current Liabilities+	1.01B	1.01B	1.14B	1.19B	1.03B	1.11B	1.41B	1.92B
Accounts Payable	207.08M	226.34M	216.61M	225.68M	196.29M	201.43M	242.82M	207.59M
Days Payables Outstanding	31.49	29.56	25.32	27.08	25.51	22.63	20.92	14.18
Short-Term Debt	0	0	0	50M	0	0	0	463.4M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	403.55M	294.7M	289.08M	326.21M	288.65M	324.26M	366.9M	389.16M
Current Ratio	1.55x	1.43x	1.33x	1.55x	1.58x	1.55x	1.52x	1.29x
Quick Ratio	1.55x	1.43x	1.33x	1.55x	1.58x	1.55x	1.52x	1.29x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	459.61M	651.57M	645.23M	888.88M	863.04M	994.09M	1.02B	1.04B
Long-Term Debt	249.41M	429.16M	249.35M	540M	591.92M	743.61M	745.96M	784.1M
Capital Lease Obligations	0	935K	204.83M	184.2M	151.31M	113.66M	122.63M	120.83M
Deferred Tax Liabilities	8.54M	6.63M	9.62M	12.29M	11.4M	12.47M	9.78M	11.04M
Other Non-Current Liabilities	148.32M	168.84M	181.43M	152.4M	108.41M	124.35M	138.09M	121.86M
Total Liabilities	1.47B	1.66B	1.79B	2.08B	1.89B	2.1B	2.43B	2.95B
Total Debt+	249.41M	430.1M	504.17M	828.33M	799.14M	916.41M	927.15M	1.42B
Net Debt	-195.76M	202M	321.49M	344.72M	456.53M	653.87M	654.21M	967.5M
Debt / Equity	0.31x	0.44x	0.30x	0.45x	0.41x	0.44x	0.39x	0.56x
Debt / EBITDA	1.34x	1.56x	2.32x	2.71x	2.89x	2.99x	2.27x	2.69x
Net Debt / EBITDA	-1.05x	0.73x	1.48x	1.13x	1.65x	2.14x	1.60x	1.83x
Interest Coverage	9.54x	9.84x	3.88x	8.49x	7.48x	8.01x	9.16x	8.30x
Total Equity+	805.39M	973.78M	1.66B	1.86B	1.94B	2.1B	2.38B	2.53B
Equity Growth %	-	0.21%	0.71%	0.12%	0.04%	0.08%	0.13%	0.07%
Book Value per Share	10.07	12.17	17.91	18.39	17.28	18.47	20.65	22.82
Total Shareholders' Equity	777.89M	927.32M	1.63B	1.81B	1.9B	2.04B	2.29B	2.42B
Common Stock	0	0	146.44M	146.61M	146.28M	146.13M	146.34M	146.66M
Retained Earnings	-186.03M	12.45M	-218.03M	-120.57M	-53.53M	43.09M	203.72M	426.78M
Treasury Stock	-876.37M	-957.02M	-934.24M	-899.33M	-867.39M	-844.94M	-827.31M	-815.28M
Accumulated OCI	-15M	-22.96M	-14.26M	-13.87M	-9.57M	-17.85M	-14.91M	-26.59M
Minority Interest	27.49M	46.46M	30.87M	47.65M	36.34M	52.37M	89.5M	118.1M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	265.03M	284.63M	220.24M	289.16M	205.57M	237.53M	407.7M	523.61M
Operating CF Margin %	0.09%	0.08%	0.06%	0.07%	0.06%	0.06%	0.07%	0.08%
Operating CF Growth %	-	0.07%	-0.23%	0.31%	-0.29%	0.16%	0.72%	0.28%
Net Income	111.54M	239.44M	137.13M	118.92M	88.95M	126.56M	207.91M	0
Depreciation & Amortization	35.2M	69.87M	125.7M	127.98M	144.21M	120.5M	119.97M	0
Stock-Based Compensation	40.55M	45.16M	8.27M	15.23M	20.19M	23.01M	34.37M	0
Deferred Taxes	5.4M	-1.45M	-123.34M	1.27M	-3.47M	-844K	-8.91M	6.1M
Other Non-Cash Items	33.77M	-91.05M	69.78M	70.03M	50.62M	71.62M	157.64M	603.32M
Working Capital Changes	77.23M	58.29M	2.7M	-44.28M	-94.92M	-103.33M	-103.28M	-85.81M
Change in Receivables	-2.96M	461.3M	-30.21M	-8.62M	99.89M	-117.32M	0	-131.26M
Change in Inventory	25.53M	-448.96M	29.88M	-7.47M	-132.64M	0	0	0
Change in Payables	27.33M	5.57M	-17.12M	1.49M	-31.77M	-717K	24.5M	-42.69M
Cash from Investing+	-52.96M	-503.3M	-570.8M	-346.37M	-240.91M	-417.47M	-375.97M	-556.72M
Capital Expenditures	-27.94M	-29.28M	-67.6M	-34.04M	-21.11M	-30.59M	-40.4M	0
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	2.25M	439K	15.96M	12.53M	24.2M	8.95M	546K	-130.36M
Cash from Financing+	-160.17M	55.41M	266.04M	348.23M	-106.5M	100.37M	-21.87M	218.75M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-52.09M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-48.77M	1.23M	-32.48M	-56.16M	-40.36M	-20.59M	-16.93M	-66.57M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	237.09M	255.35M	152.64M	255.13M	184.47M	206.93M	367.3M	474.39M
FCF Margin %	0.08%	0.07%	0.04%	0.07%	0.05%	0.05%	0.07%	0.07%
FCF Growth %	-	0.08%	-0.4%	0.67%	-0.28%	0.12%	0.77%	0.29%
FCF per Share	2.96	3.19	1.65	2.52	1.65	1.82	3.19	4.27
FCF Conversion (FCF/Net Income)	2.72x	1.69x	1.83x	2.93x	3.21x	2.46x	2.53x	2.23x
Interest Paid	12.9M	16.8M	23.25M	14.21M	14.99M	20.82M	30.27M	34.44M
Taxes Paid	14.36M	17.05M	60.48M	55.35M	22.46M	32.17M	74.13M	65.27M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.08%	18.88%	9.15%	5.6%	3.37%	4.79%	7.21%	9.57%
Return on Invested Capital (ROIC)	18.54%	17.22%	4.37%	6.37%	4.32%	5.41%	7.48%	9.83%
Gross Margin	20.45%	21.5%	21.03%	22.37%	23.3%	22.57%	22.16%	20.83%
Net Margin	3.23%	4.72%	3.05%	2.51%	1.75%	2.3%	2.96%	3.48%
Debt / Equity	0.31x	0.44x	0.30x	0.45x	0.41x	0.44x	0.39x	0.56x
Interest Coverage	9.54x	9.84x	3.88x	8.49x	7.48x	8.01x	9.16x	8.30x
FCF Conversion	2.72x	1.69x	1.83x	2.93x	3.21x	2.46x	2.53x	2.23x
Revenue Growth	-	18.01%	11.07%	-0.91%	-6.59%	14.6%	29.74%	24.03%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Federal Solution	-	-	-	-	-	4.01B
Federal Solution Growth	-	-	-	-	-	-
Critical Infrastructure	-	-	-	-	37.9M	2.74B
Critical Infrastructure Growth	-	-	-	-	-	7138.69%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
North America	3.25B	3.22B	3.03B	3.46B	-	5.68B
North America Growth	-	-1.02%	-5.82%	14.34%	-	-
Middle East	689.07M	684.35M	610.65M	710.83M	-	1.05B
Middle East Growth	-	-0.68%	-10.77%	16.40%	-	-
Non-US	-	-	-	-	-	20.13M
Non-US Growth	-	-	-	-	-	-
Non Us	16.69M	18.72M	21.36M	21.31M	-	-
Non Us Growth	-	12.15%	14.09%	-0.20%	-	-

Frequently Asked Questions

Valuation & Price

Parsons Corporation (PSN) has a price-to-earnings (P/E) ratio of 34.1x. This suggests investors expect higher future growth.

Growth & Financials

Parsons Corporation (PSN) reported $6.49B in revenue for fiscal year 2024. This represents a 115% increase from $3.02B in 2017.

Parsons Corporation (PSN) grew revenue by 24.0% over the past year. This is strong growth.

Yes, Parsons Corporation (PSN) is profitable, generating $386.8M in net income for fiscal year 2024 (3.5% net margin).

Dividend & Returns

Parsons Corporation (PSN) has a return on equity (ROE) of 9.6%. This is below average, suggesting room for improvement.

Parsons Corporation (PSN) generated $382.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.