Loading…
Provides engineering, technology and program-management services for defense, intelligence and critical infrastructure customers.
Provides engineering, technology and program-management services for defense, intelligence and critical infrastructure customers.
Is paid through multi-year government contracts, many on cost-plus or time-and-materials terms, meaning it is repaid for staff hours and costs plus a fee. Work splits between federal programmes in defense, intelligence and cyber, and infrastructure projects. Its roots are in engineering and construction, and acquisitions moved it toward defense technology.
Moat: narrow (regulatory licence, customer qualification, installed base). Security clearances and long-standing government contract vehicles are difficult for new entrants to obtain.
Headquarters: Centreville, Virginia, United States · Founded: 1944 · Employees: 21,000
Size Parsons (PSN) is a United States Information Technology company (Information Technology Services) with a market value of $5.16B, the 1161st largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.90 on 6 Nov 2026.
Performance Over six months the shares fell 0.6%, against +13.3% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +7.9%); the operating margin is 5.3% (peer median 9.1%).
Valuation It trades at 14.8× forward earnings against a peer median of 15.5× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points below its cost of capital (7.6% WACC).
Backlog Backlog (remaining performance obligations) was $7.60B at 30 Sep 2026, up 9% on a year earlier — 1.2 years of trailing revenue. Backlog detail →
Credit Parsons has 1 bond outstanding ($800M).
Short interest Short interest is 5.4% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.32B | $6.36B | $6.75B | $5.44B | $4.20B |
| Revenue growth | — | -6% | +24% | +30% | — |
| Gross profit | $1.40B | $1.43B | $1.41B | $1.21B | $947M |
| EBITDA | $474M | $535M | $557M | $460M | $298M |
| Net income | $147M | $241M | $235M | $161M | $96.7M |
| Free cash flow | $409M | $410M | $474M | $367M | $207M |
| Capital expenditure | $80.9M | $68.0M | $49.2M | $40.4M | $30.6M |
| Total debt | $1.54B | $1.39B | $1.42B | $930M | $918M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Parsons PSN | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| Jacobs Solutions J | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% |
| Science Applications International SAIC | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% |
| ICF International ICFI | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PSN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.7% | -1.4% | 5th highest of 21 |
| 6-month return | -0.6% | +13.3% | 7th lowest of 21 |
| Distance from 52-week high | -44.4% | -23.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -2.7% | +7.9% | 2nd lowest of 21 |
| Operating margin | 5.3% | 9.1% | 6th lowest of 21 |
| Forward P/E | 14.8× | 15.5× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.4% | 2.9% | 5th most demanding of 19 |
| Growth delivered (Del g) | +10.2% | +6.7% | 7th highest of 19 |
| Hurdle (Req g minus delivered) | -1.8 pp | -2.9 pp | 9th most demanding of 19 |
| ROIC minus cost of capital | -1.2 pp | +5.3 pp | 4th lowest of 21 |
| EV / EBITDA | 13.7× | 10.0× | 6th most expensive of 15 |
| Net debt / EBITDA | 2.6× | 0.6× | 3rd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Ingram Micro INGM | United States | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% | +1.4% |
| NICE Ltd. Sponsored ADR NICE | United States | $5.87B | +4% | +8% | 17% | 7.8× | -0.7% | +12.3% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| NS Solutions 2327.T | Japan | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% | +8.6% |
| Science Applications International SAIC | United States | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% | +0.6% |
| Sopra Steria SOP.PA | France | $4.29B | +50% | +2% | 9% | 11.2× | -0.6% | +5.8% |
| RIOT RIOT | United States | $6.27B | -31% | +6% | -84% | n/a | n/a | n/a |
| Computacenter CCC.L | United Kingdom | $6.48B | +15% | +54% | 3% | 16.4× | 7.9% | +11.1% |
| Temenos TEMN.SW | Switzerland | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% | +1.7% |
| Suzhou Centec Communications 688702.SS | China | $6.58B | -45% | +32% | -18% | 5,922.0× | n/a | n/a |
Parsons has 1 bond outstanding with $800M face value.
Parsons reported $7.60B of remaining performance obligations at 30 Sep 2026, up 9% from a year earlier and up 10% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.