Parsons Corporation (PSN) Income Statement Analysis

See more : Waters Corporation (WAT) Income Statement Analysis – Financial Results

Complete financial analysis of Parsons Corporation (PSN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Parsons Corporation, a leading company in the Industrial – Machinery industry within the Industrials sector.

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Parsons Corporation (PSN)

Industry: Industrial - Machinery

Sector: Industrials

Website: https://www.parsons.com

About Parsons Corporation

Parsons 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	5.44B	4.20B	3.66B	3.92B	3.95B	3.56B	3.02B	3.04B	3.22B	3.10B
Cost of Revenue	4.24B	3.25B	2.81B	3.04B	3.12B	2.80B	2.40B	2.43B	2.54B	2.44B
Gross Profit	1.21B	946.72M	852.82M	876.86M	831.75M	765.50M	616.87M	608.00M	683.11M	655.68M
Gross Profit Ratio	22.16%	22.57%	23.30%	22.37%	21.03%	21.50%	20.45%	20.01%	21.22%	21.17%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	36.15M	24.35M	757.24M	729.10M	781.41M	597.41M	506.26M	522.92M	542.07M	502.00M
Selling & Marketing	829.55M	753.05M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	869.91M	777.40M	757.24M	729.10M	781.41M	597.41M	506.26M	522.92M	542.07M	502.00M
Other Expenses	47.75M	2.78M	-2.56M	3.77M	-2.39M	-1.65M	5.66M	1.34M	-5.42M	-8.68M
Operating Expenses	917.66M	777.40M	757.24M	729.10M	781.41M	597.41M	506.26M	522.92M	536.65M	493.31M
Cost & Expenses	5.15B	4.03B	3.57B	3.77B	3.90B	3.39B	2.91B	2.95B	3.07B	2.94B
Interest Income	2.19M	966.00K	396.00K	787.00K	1.30M	2.71M	2.47M	1.19M	0.00	0.00
Interest Expense	31.50M	23.19M	17.70M	20.96M	23.73M	20.84M	15.80M	16.51M	-15.65M	-9.27M
Depreciation & Amortization	119.97M	120.50M	144.21M	127.98M	125.70M	69.87M	35.20M	42.16M	-60.06M	-64.51M
EBITDA	415.52M	309.91M	274.49M	310.35M	216.67M	244.16M	145.81M	139.64M	86.40M	97.85M
EBITDA Ratio	7.63%	7.39%	7.50%	7.92%	5.48%	7.75%	6.43%	5.44%	2.68%	3.16%
Operating Income	288.36M	185.67M	132.45M	177.82M	92.06M	205.01M	150.70M	35.41M	146.46M	162.37M
Operating Income Ratio	5.30%	4.43%	3.62%	4.54%	2.33%	5.76%	5.00%	1.17%	4.55%	5.24%
Total Other Income/Expenses	-24.31M	-19.44M	-19.86M	-16.40M	-24.82M	54.80M	-17.70M	-23.40M	-18.32M	-17.95M
Income Before Tax	264.05M	166.22M	112.59M	161.41M	67.24M	259.80M	133.00M	12.01M	128.14M	144.42M
Income Before Tax Ratio	4.85%	3.96%	3.08%	4.12%	1.70%	7.30%	4.41%	0.40%	3.98%	4.66%
Income Tax Expense	56.14M	39.66M	23.64M	42.49M	-69.89M	74.76M	21.46M	13.99M	13.79M	10.83M
Net Income	161.15M	96.66M	88.95M	98.54M	120.53M	167.95M	97.33M	-13.15M	88.26M	96.29M
Net Income Ratio	2.96%	2.30%	2.43%	2.51%	3.05%	4.72%	3.23%	-0.43%	2.74%	3.11%
EPS	1.56	0.93	0.87	0.98	1.30	2.10	1.22	-0.16	0.91	1.00
EPS Diluted	1.42	0.85	0.79	0.97	1.30	2.10	1.22	-0.16	0.91	1.00
Weighted Avg Shares Out	104.99M	103.76M	102.54M	100.85M	92.42M	80.01M	80.01M	80.01M	96.66M	96.66M
Weighted Avg Shares Out (Dil)	115.08M	113.48M	112.13M	101.21M	92.75M	80.01M	80.01M	80.01M	96.66M	96.66M

Parsons (PSN) Tops Q3 Earnings and Revenue Estimates

October 30, 2024zacks.com

Parsons (PSN) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.69 per share a year ago.

Parsons Reports Record Results Since IPO for the Third Quarter of 2024

October 30, 2024globenewswire.com

Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-year Record organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20% Record net income increases 52% to $72 million Record adjusted EBITDA increases...

3 Growth Stocks to Buy and Hold Forever

October 29, 2024fool.com

Here are three solid growth stocks you can own for the long term and that can help you grow your wealth.

Is Parsons (PSN) a Solid Growth Stock? 3 Reasons to Think "Yes"

October 24, 2024zacks.com

Parsons (PSN) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Parsons Awarded $27 Million Defense Threat Reduction Agency Task Order for Proliferation Prevention

October 24, 2024globenewswire.com

CHANTILLY, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a Defense Threat Reduction Agency (DTRA) Proliferation Prevention Program task order to reduce the threat of weapons of mass destruction (WMD)...

Parsons to Acquire BCC Engineering

October 21, 2024globenewswire.com

Acquisition strategically enhances Parsons' infrastructure capabilities in the Southeast U.S. Acquisition strategically enhances Parsons' infrastructure capabilities in the Southeast U.S.

Parsons Wins Seat on $225M U.S. Army Corps of Engineers Contract for Environmental Remediation

October 17, 2024globenewswire.com

CHANTILLY, Va., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $225 million multiple award task order contract (MATOC) by the United States Army Corps of Engineers (USACE)...

Parsons Awarded $25M Contracts for Middle East Transportation Projects

October 16, 2024globenewswire.com

CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has...

Parsons Leading PFAS Groundwater Treatment at Burlington Air National Guard Installation

October 3, 2024globenewswire.com

CHANTILLY, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced that the company was selected by the National Guard Bureau to manage the operation and maintenance of a per-and polyfluoroalkyl substances (PFAS) groundwater treatment system at Burlington...