Parsons' top line has contracted in recent quarters, with 2025Q4 revenue falling 7.5% year over year, while operating margin swung from 0.1% in 2026Q2 to 6.3% in 2026Q3, suggesting the recovery may not yet be durable.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has been broadly flat to down, with 2025Q4 falling 7.5% and 2026Q2 at -0.5%, while operating margin ranged from 0.1% to 7.1% and gross margin from 16.9% to 24.0%, indicating meaningful project-level volatility.
Parsons Corporation is shifting focus from traditional engineering to higher-margin defense and technology segments, driving long-term growth potential.
The company's robust backlog indicates sustained future revenue streams and operational stability.
Parsons Corporation's stock appears undervalued compared to industry peers, presenting a potential upside for investors.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.89+11.5% vs $0.80 | $1.7B+1.7% vs $1.6B |
Q3 2026 Jul 29, 2026 | -$0.06-107.9% vs $0.76 | $1.6B-1.9% vs $1.6B |
Q2 2026 Apr 29, 2026 | $0.79+12.9% vs $0.70 | $1.5B-0.6% vs $1.5B |
Q1 2026 Feb 11, 2026 | $0.75-6.3% vs $0.80 | $1.6B-3.9% vs $1.7B |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
CHANTILLY, Va., Nov. 03, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), shared that the Parsons-led joint venture, Riyadh Metro Transit Consultants (RMTC), in partnership with Systra and Egis, was selected in March 2026 to provide project and construction management (PMCM) services for the Royal Commission for Riyadh City (RCRC) on the Riyadh Metro Red Line Extension. This multi-year PMCM project represents new work for the company.
Parsons' improved profitability is offset by modest growth and unresolved contract exits. Parsons Q3 saw a record 10.2% adjusted margins and $1.7B revenue, but growth remains tepid, and project risks persist. Valuation offers little upside, with shares near the $51.09 base case, and recent momentum is insufficient to warrant a buy.
Parsons NYSE: PSN reported third-quarter 2026 results that management said exceeded its commitments for revenue, adjusted EBITDA, adjusted EBITDA margin and operating cash flow, while highlighting strong contract awards and a record backlog.
Benchmark PSN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Parsons Corporation (PSN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $48.90 | $5.23B | 35.41 | -5.72% | 2.33% | 5.35% | — | |
| $146.30 | $6.19B | 16.48 | -2.9% | 5.13% | 25.89% | 1.03% | |
| $132.68 | $16.69B | 11.61 | 3.07% | 8.03% | 27.77% | 1.2% | |
| $85.35 | $10.27B | 13.02 | -6.37% | 7.14% | 68.53% | 2.64% | |
| $611.16 | $13.5B | 25.19 | 10.89% | 5.55% | 12.37% | — | |
| $148.90 | $17.58B | 52.96 | 4.6% | 2.35% | 8.51% | 0.86% |
Parsons Corporation (PSN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Parsons Corporation (PSN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Oct 28, 2026·SEC
Jul 29, 2026·SEC
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Parsons Corporation (PSN) stock FAQ — growth, dividends, profitability & financials explained
Parsons Corporation (PSN) reported $6.32B in revenue over the trailing twelve months. Revenue was $6.36B in fiscal year 2025. That is 111% more than the $3.02B of fiscal year 2017.
Parsons Corporation (PSN) revenue fell by 2.7% over the trailing twelve months, compared with the twelve months before.
Yes. Parsons Corporation (PSN) earned $147.4M in net income over the trailing twelve months (a 2.3% net margin).
Parsons Corporation (PSN) had a return on equity (ROE) of 5.4% over the trailing twelve months. That is below the market's typical 10-15%.
Parsons Corporation (PSN) generated $409.2M in free cash flow over the trailing twelve months.
