Parsons Corp

Parsons Corp

PSN · NYSE · Technology / Information Technology Services

49.72USD-0.15 (-0.30%)

Price History

Full chart

Market Stats

Previous Close49.87
Open50.30
Day Range49.04 – 50.30
52-Week Range36.26 – 89.50
Volume770.13K
Market Cap4.44B
P/E (TTM)29.71
Forward P/E14.68
EPS1.40
Dividend Yield0.00%
Beta0.70
50-Day Avg48.03
200-Day Avg56.28

About

Parsons Corporation provides design, engineering and technical services, and smart and agile software for the United States federal government and critical infrastructure customers worldwide. It operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment offers critical technologies, such as cyber; air and missile defense; intelligence; aviation modernization; electronic warfare; space ground systems, cislunar, A-PNT, and classified sensors; geospatial and signals intelligence; environmental remediation; border security and counter-drug, critical infrastructure protection; counter unmanned air systems; biometrics; and bio surveillance solutions. This segment also provides software and hardware, and technical expertise; satellite ground systems support and operations, flight dynamics, data fusion and analytics, platform system integration, directed energy, joint all-domain operations, and command and control systems; digital landscape, including full-spectrum cyber, defensive cyber operations, information operations, and analytics; and electronic warfare, multi-domain operations, mission support and national to tactical operations, as well as cyber solutions and products. The Critical Infrastructure segment develops digital solutions for aviation, rail and transit, bridges, roads, highways, and urban destinations. This segment also provides planning, engineering, and management services for complex infrastructure comprising bridges, tunnels, roads and highways, and water and wastewater systems; intelligent transportation systems, utilities, environmental remediation, emerging contaminants, aviation, and rail and transit, as well as ParsonsX, a digital transformation organization; and multi-disciplinary design, technical, and management solutions. Parsons Corporation was founded in 1944 and is headquartered in Chantilly, Virginia.

Company Details

  • SectorTechnology
  • IndustryInformation Technology Services
  • CEOMs. Carey A. Smith
  • Employees21.00K
  • Headquarters14291 Park Meadow Drive, Chantilly, VA, United States, 20151, USA
  • Websitehttps://www.parsons.com

Leadership

  • Ms. Carey A. SmithPresident, CEO & Chairwoman · b. 1964
  • Mr. Matthew M. OfilosChief Financial Officer · b. 1981
  • Ms. Wendy Van WickleChief Business Operations Officer
  • Mr. Ricardo LorenzoChief Technology Officer
  • Mr. David SpilleSenior Vice President of Investor Relations
  • Ms. Soo LagasseChief Human Resources Officer
  • Mr. Pierre SantoniPresident of Infrastructure EMEA
  • Mr. Hector CuevasExecutive VP of Missile Defense & C5ISR Market Leader
  • Mr. Paul DeckerChief Growth Officer
  • Mr. Jason YaleyChief Corporate Affairs Officer

Financials

Income Statement

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.10B3.22B3.04B3.02B3.56B3.95B3.92B3.66B4.20B5.44B6.75B6.36B
Growth (%)-+3.91%-5.57%-0.73%+18.01%+11.07%-0.91%-6.59%+14.60%+29.74%+24.03%-5.72%
Cost of Revenue2.44B2.54B2.43B2.40B2.80B3.12B3.04B2.81B3.25B4.24B5.34B4.93B
Gross Profit655.68M683.11M608.00M616.87M765.50M831.75M876.86M852.82M946.72M1.21B1.41B1.43B
Gross Margin21.17%21.22%20.01%20.45%21.50%21.03%22.37%23.30%22.57%22.16%20.83%22.49%
Operating Expense493.31M536.65M572.59M466.17M560.50M739.69M699.04M720.38M761.06M917.66M978.36M1.01B
Operating Income162.37M146.46M35.41M150.70M205.01M92.06M177.81M132.45M185.67M288.36M428.07M418.19M
Operating Margin5.24%4.55%1.17%5.00%5.76%2.33%4.54%3.62%4.43%5.30%6.34%6.57%
EBITDA97.85M86.40M139.64M145.81M244.16M216.67M310.35M274.49M309.91M415.52M518.48M550.30M
EBITDA Margin3.16%2.68%4.59%4.83%6.86%5.48%7.92%7.50%7.39%7.63%7.68%8.65%
Net Income96.29M88.26M-13.15M97.33M167.95M120.53M98.54M64.07M96.66M161.15M235.05M241.14M
Net Income Margin3.11%2.74%-0.43%3.23%4.72%3.05%2.51%1.75%2.30%2.96%3.48%3.79%
R&D--000-------
R&D as % of Total Revenue--0.00%0.00%0.00%-------
Interest Expense9.27M15.64M16.51M15.80M20.84M23.73M20.96M17.70M23.18M31.50M51.58M51.30M
Interest Expense % of Total Revenue0.30%0.49%0.54%0.52%0.59%0.60%0.53%0.48%0.55%0.58%0.76%0.81%

Balance Sheet

Currency: USD2014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--02.27B2.63B3.45B3.94B3.83B4.20B4.80B5.49B5.77B
Total Liabilities--01.47B1.66B1.79B2.08B1.89B2.10B2.43B2.95B3.00B
Total Equity--0805.39M927.32M1.63B1.81B1.90B2.04B2.29B2.42B2.64B
Cash--0445.16M228.10M182.69M483.61M342.61M262.54M272.94M453.55M466.39M
Total Debt---394.56M430.10M504.17M828.33M799.14M916.41M927.15M1.42B1.38B
Net Debt----195.76M202.00M321.49M344.72M456.53M653.87M654.21M967.50M916.07M

Cash Flow

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow198.56M265.03M284.63M220.24M289.16M205.57M237.53M407.70M523.61M478.38M
Investing Cash Flow-29.30M-52.96M-503.30M-570.80M-346.37M-240.91M-417.47M-375.97M-556.72M-254.00M
Financing Cash Flow-185.22M-160.17M55.41M266.04M348.23M-106.50M100.37M-21.87M218.75M-215.68M
Capital Expenditure30.08M27.94M29.28M67.60M34.04M21.11M30.59M40.40M49.21M67.97M
Free Cash Flow168.48M237.09M255.35M152.64M255.13M184.47M206.93M367.30M474.39M410.41M
Dividends Paid52.09M52.09M52.09M52.09M1.15M0-620.90M--
FCF to OCF84.85%89.46%89.71%69.31%88.23%89.73%87.12%90.09%90.60%85.79%
Dividend Paid to FCF30.92%21.97%20.40%34.13%0.45%0.00%-169.04%--

Earnings

Report DateFeb 27, 2019Jun 18, 2019Aug 13, 2019Nov 12, 2019Mar 10, 2020May 6, 2020Aug 5, 2020Nov 4, 2020Feb 24, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 23, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 15, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 14, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 12, 2025Apr 30, 2025Aug 6, 2025Nov 5, 2025Feb 11, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate0.000.130.630.420.460.460.440.540.340.290.510.480.530.370.410.510.540.430.500.620.630.610.690.790.910.740.740.650.790.680.660.72
EPS Actual0.140.120.430.530.480.330.490.570.210.340.320.440.550.400.410.480.510.430.630.690.690.700.840.950.780.780.780.770.750.79-0.14-
Surprise--7.69%-31.75%26.19%4.35%-28.26%11.36%5.56%-38.24%17.24%-37.25%-8.33%3.77%8.11%0.00%-5.88%-5.56%0.00%26.00%11.29%9.52%14.75%21.74%20.25%-14.57%5.41%5.41%18.46%-5.06%16.18%-121.21%-
Timing-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap4.44B
Enterprise Value6.05B
Trailing P/E29.71
Forward P/E14.68
Price / Sales0.71
Price / Book1.78
EPS1.40
Book Value24.64
Revenue (TTM)6.29B
Gross Profit (TTM)1.38B
EBITDA470.52M
Profit Margin2.50%
Operating Margin2.22%
Return on Equity8.24%
Return on Assets3.62%
Shares Outstanding106.81M
Shares Float56.18M
Beta0.70
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 11 analystsTarget 59.36
  • Strong Buy
    4
  • Buy
    1
  • Hold
    6

Ownership Breakdown

Institutions
106.30%
Insiders
1.44%
Retail / Other
0.00%

Top Institutional Holders

  • Newport Trust Co.
    49.37M46.22%
  • BlackRock Inc
    5.32M4.98%
  • Wellington Management Company LLP
    4.60M4.31%
  • Swedbank AB
    3.67M3.44%
  • Morgan Stanley - Brokerage Accounts
    2.56M2.40%
  • Vanguard Capital Management, LLC
    2.40M2.25%
  • Dimensional Fund Advisors, Inc.
    2.38M2.23%
  • Vanguard Portfolio Management, LLC
    2.26M2.11%
  • State Street Corp
    2.06M1.93%
  • Channing Capital Management, LLC
    2.03M1.90%
  • Earnest Partners LLC
    1.78M1.67%
  • PRIMECAP Management Company
    1.71M1.60%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    1.48M1.39%
  • Amvescap Plc.
    1.30M1.21%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    1.87M1.75%
  • Swedbank Robur Kapitalinvest
    1.85M1.73%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.70M1.59%
  • Swedbank Robur Allemansfond Komplett
    1.60M1.50%
  • Eaton Vance Atlanta Capital SMID-Cap I
    1.47M1.38%
  • Fidelity Small Cap Value Fund
    1.32M1.23%