PARSONS CORPPSNEarnings & Financial Report
Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.
Revenue
$1.7B
Gross Profit
$369.8M
Operating Profit
$99.8M
Net Profit
$201.3M
Gross Margin
21.3%
Operating Margin
5.8%
Net Margin
11.6%
YoY Growth
16.1%
EPS
$1.85
Financial Flow
PARSONS CORP Q4 2024 Financial Summary
PARSONS CORP reported revenue of $1.7B (up 16.1% YoY) for Q4 2024, with a net profit of $201.3M (up 348.2% YoY) (11.6% margin). Cost of goods sold was $1.4B, operating expenses totaled $269.9M.
Key Financial Metrics
| Total Revenue | $1.7B |
|---|---|
| Net Profit | $201.3M |
| Gross Margin | 21.3% |
| Operating Margin | 5.8% |
| Report Period | Q4 2024 |
Revenue Breakdown
PARSONS CORP Q4 2024 revenue of $1.7B breaks down across 4 segments, led by Critical Infrastructure Segment at $731.0M (42.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Critical Infrastructure Segment | $731.0M | 42.1% |
| Unconsolidated Joint Ventures | $520.0M | 30.0% |
| Other | $276.8M | 16.0% |
| Consolidated Joint Ventures | $206.5M | 11.9% |
PARSONS CORP Revenue by Segment — Quarterly Trend
PARSONS CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Critical Infrastructure Segment and Unconsolidated Joint Ventures) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Unconsolidated Joint Ventures | $582.1M | $608.3M | — | — |
| Other | — | — | $41.0M | $34.3M |
| Consolidated Joint Ventures | $216.7M | $213.8M | — | — |
PARSONS CORP Annual Revenue by Year
PARSONS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.4B |
| 2024 | $6.8B |
| 2023 | $5.4B |
| 2022 | $4.2B |
PARSONS CORP Quarterly Revenue & Net Profit History
PARSONS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.6B | -7.5% | $55.6M | 3.5% |
| Q3 2025 | $1.6B | -10.4% | $64.1M | 4.0% |
| Q2 2025 | $1.6B | -5.2% | $55.2M | 3.5% |
| Q1 2025 | $1.6B | +1.2% | $66.2M | 4.3% |
| Q4 2024 | $1.7B | +16.1% | $201.3M | 11.6% |
| Q3 2024 | $1.8B | +27.6% | $72.0M | 4.0% |
| Q2 2024 | $1.7B | +23.1% | $69.2M | 4.1% |
| Q1 2024 | $1.5B | +30.9% | $-107.4M | -7.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.67B | $1.81B | $1.73B | $1.55B | $1.58B | $1.62B | $1.60B |
| YoY Growth | 30.9% | 23.1% | 27.6% | 16.1% | 1.2% | -5.2% | -10.4% | -7.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.10B | $5.24B | $5.44B | $5.49B | $5.45B | $5.72B | $5.74B | $5.77B |
| Liabilities | $2.86B | $2.92B | $3.03B | $2.95B | $2.90B | $3.10B | $3.07B | $3.00B |
| Equity | $2.15B | $2.22B | $2.31B | $2.42B | $2.45B | $2.52B | $2.56B | $2.64B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-63.4M | $161.2M | $299.0M | $126.8M | $-11.8M | $159.8M | $162.8M | $167.5M |