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.
PSN Q4 2025 Key Financial Metrics
Revenue
$1.6B
Gross Profit
$369.3M
Operating Profit
$105.2M
Net Profit
$55.6M
Gross Margin
23.0%
Operating Margin
6.6%
Net Margin
3.5%
YoY Growth
-7.5%
EPS
$0.51
Financial Flow
PARSONS CORP Q4 2025 Financial Summary
PARSONS CORP reported revenue of $1.6B (down 7.5% YoY) for Q4 2025, with a net profit of $55.6M (down 72.4% YoY) (3.5% margin). Cost of goods sold was $1.2B, operating expenses totaled $264.1M.
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $55.6M |
| Gross Margin | 23.0% |
| Operating Margin | 6.6% |
| Report Period | Q4 2025 |
Revenue Breakdown
PARSONS CORP Q4 2025 revenue of $1.6B breaks down across 5 segments, led by Unconsolidated Joint Ventures at $582.1M (36.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Unconsolidated Joint Ventures | $582.1M | 36.3% |
| Defense And Intelligence | $502.8M | 31.4% |
| Engineered Systems | $281.4M | 17.5% |
| Consolidated Joint Ventures | $216.7M | 13.5% |
| TRS Group Inc | $9.4M | 0.6% |
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 Unconsolidated Joint Ventures and Defense And Intelligence) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Unconsolidated Joint Ventures | $582.1M | $608.3M | — | — |
| Defense And Intelligence | $502.8M | $468.9M | $457.6M | $443.3M |
| Engineered Systems | $281.4M | $319.7M | $347.9M | $399.2M |
| Consolidated Joint Ventures | $216.7M | $213.8M | — | — |
| TRS Group Inc | $9.4M | $7.6M | $7.4M | $4.1M |
PARSONS CORP Annual Revenue by Year
PARSONS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.4B). Click any linked year to see what changed vs the prior annual report.
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 |