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Side-by-side financial comparison of PARSONS CORP (PSN) and V F CORP (VFC). Click either name above to swap in a different company.

V F CORP is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.8× PARSONS CORP). V F CORP runs the higher net margin — 10.5% vs 3.5%, a 7.0% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs -7.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $135.6M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% CAGR vs 2.2%).

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.

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

PSN vs VFC — Head-to-Head

Bigger by revenue
VFC
VFC
1.8× larger
VFC
$2.9B
$1.6B
PSN
Growing faster (revenue YoY)
VFC
VFC
+9.0% gap
VFC
1.5%
-7.5%
PSN
Higher net margin
VFC
VFC
7.0% more per $
VFC
10.5%
3.5%
PSN
More free cash flow
VFC
VFC
$842.3M more FCF
VFC
$977.9M
$135.6M
PSN
Faster 2-yr revenue CAGR
VFC
VFC
Annualised
VFC
10.1%
2.2%
PSN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
PSN
PSN
VFC
VFC
Revenue
$1.6B
$2.9B
Net Profit
$55.6M
$300.8M
Gross Margin
23.0%
56.6%
Operating Margin
6.6%
10.1%
Net Margin
3.5%
10.5%
Revenue YoY
-7.5%
1.5%
Net Profit YoY
-72.4%
79.3%
EPS (diluted)
$0.51
$0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PSN
PSN
VFC
VFC
Q4 25
$1.6B
$2.9B
Q3 25
$1.6B
$2.8B
Q2 25
$1.6B
$1.8B
Q1 25
$1.6B
$2.0B
Q4 24
$1.7B
$2.8B
Q3 24
$1.8B
$2.8B
Q2 24
$1.7B
$1.9B
Q1 24
$1.5B
$2.4B
Net Profit
PSN
PSN
VFC
VFC
Q4 25
$55.6M
$300.8M
Q3 25
$64.1M
$189.8M
Q2 25
$55.2M
$-116.4M
Q1 25
$66.2M
$-150.8M
Q4 24
$201.3M
$167.8M
Q3 24
$72.0M
$52.2M
Q2 24
$69.2M
$-258.9M
Q1 24
$-107.4M
$-418.3M
Gross Margin
PSN
PSN
VFC
VFC
Q4 25
23.0%
56.6%
Q3 25
22.2%
52.2%
Q2 25
22.0%
53.9%
Q1 25
22.8%
52.7%
Q4 24
21.3%
56.3%
Q3 24
19.9%
52.2%
Q2 24
21.0%
52.0%
Q1 24
21.2%
48.4%
Operating Margin
PSN
PSN
VFC
VFC
Q4 25
6.6%
10.1%
Q3 25
6.7%
11.2%
Q2 25
6.0%
-4.9%
Q1 25
7.0%
2.2%
Q4 24
5.8%
8.0%
Q3 24
6.4%
9.9%
Q2 24
6.7%
-12.6%
Q1 24
6.6%
-15.0%
Net Margin
PSN
PSN
VFC
VFC
Q4 25
3.5%
10.5%
Q3 25
4.0%
6.8%
Q2 25
3.5%
-6.6%
Q1 25
4.3%
-7.5%
Q4 24
11.6%
5.9%
Q3 24
4.0%
1.9%
Q2 24
4.1%
-13.6%
Q1 24
-7.0%
-17.6%
EPS (diluted)
PSN
PSN
VFC
VFC
Q4 25
$0.51
$0.76
Q3 25
$0.59
$0.48
Q2 25
$0.50
$-0.30
Q1 25
$0.60
$-0.37
Q4 24
$1.85
$0.43
Q3 24
$0.65
$0.13
Q2 24
$0.63
$-0.67
Q1 24
$-1.01
$-1.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PSN
PSN
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$466.4M
$1.5B
Total DebtLower is stronger
$1.2B
$3.6B
Stockholders' EquityBook value
$2.6B
$1.8B
Total Assets
$5.8B
$10.4B
Debt / EquityLower = less leverage
0.47×
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSN
PSN
VFC
VFC
Q4 25
$466.4M
$1.5B
Q3 25
$422.6M
$419.1M
Q2 25
$411.3M
$642.4M
Q1 25
$269.7M
$429.4M
Q4 24
$453.5M
$1.4B
Q3 24
$558.8M
$492.2M
Q2 24
$528.5M
$637.4M
Q1 24
$423.1M
$674.6M
Total Debt
PSN
PSN
VFC
VFC
Q4 25
$1.2B
$3.6B
Q3 25
$1.2B
$3.5B
Q2 25
$1.2B
$3.6B
Q1 25
$785.2M
$3.4B
Q4 24
$784.1M
$3.9B
Q3 24
$1.1B
$4.0B
Q2 24
$1.2B
$3.9B
Q1 24
$1.2B
$4.7B
Stockholders' Equity
PSN
PSN
VFC
VFC
Q4 25
$2.6B
$1.8B
Q3 25
$2.6B
$1.5B
Q2 25
$2.5B
$1.3B
Q1 25
$2.5B
$1.5B
Q4 24
$2.4B
$1.7B
Q3 24
$2.3B
$1.4B
Q2 24
$2.2B
$1.4B
Q1 24
$2.1B
$1.7B
Total Assets
PSN
PSN
VFC
VFC
Q4 25
$5.8B
$10.4B
Q3 25
$5.7B
$10.6B
Q2 25
$5.7B
$10.2B
Q1 25
$5.4B
$9.4B
Q4 24
$5.5B
$10.6B
Q3 24
$5.4B
$12.2B
Q2 24
$5.2B
$11.5B
Q1 24
$5.1B
$11.6B
Debt / Equity
PSN
PSN
VFC
VFC
Q4 25
0.47×
1.99×
Q3 25
0.48×
2.40×
Q2 25
0.49×
2.76×
Q1 25
0.32×
2.30×
Q4 24
0.32×
2.31×
Q3 24
0.49×
2.86×
Q2 24
0.56×
2.84×
Q1 24
0.58×
2.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PSN
PSN
VFC
VFC
Operating Cash FlowLast quarter
$167.5M
$1.0B
Free Cash FlowOCF − Capex
$135.6M
$977.9M
FCF MarginFCF / Revenue
8.5%
34.0%
Capex IntensityCapex / Revenue
2.0%
1.1%
Cash ConversionOCF / Net Profit
3.01×
3.36×
TTM Free Cash FlowTrailing 4 quarters
$410.4M
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSN
PSN
VFC
VFC
Q4 25
$167.5M
$1.0B
Q3 25
$162.8M
$-227.0M
Q2 25
$159.8M
$-145.5M
Q1 25
$-11.8M
$-171.1M
Q4 24
$126.8M
$918.1M
Q3 24
$299.0M
$-301.6M
Q2 24
$161.2M
$19.8M
Q1 24
$-63.4M
Free Cash Flow
PSN
PSN
VFC
VFC
Q4 25
$135.6M
$977.9M
Q3 25
$149.7M
$-253.5M
Q2 25
$150.4M
$-173.7M
Q1 25
$-25.3M
$-193.0M
Q4 24
$108.0M
$899.7M
Q3 24
$287.3M
$-322.4M
Q2 24
$152.0M
$-5.4M
Q1 24
$-72.9M
FCF Margin
PSN
PSN
VFC
VFC
Q4 25
8.5%
34.0%
Q3 25
9.2%
-9.0%
Q2 25
9.5%
-9.9%
Q1 25
-1.6%
-9.6%
Q4 24
6.2%
31.7%
Q3 24
15.9%
-11.7%
Q2 24
9.1%
-0.3%
Q1 24
-4.7%
Capex Intensity
PSN
PSN
VFC
VFC
Q4 25
2.0%
1.1%
Q3 25
0.8%
0.9%
Q2 25
0.6%
1.6%
Q1 25
0.9%
1.1%
Q4 24
1.1%
0.6%
Q3 24
0.6%
0.8%
Q2 24
0.6%
1.3%
Q1 24
0.6%
Cash Conversion
PSN
PSN
VFC
VFC
Q4 25
3.01×
3.36×
Q3 25
2.54×
-1.20×
Q2 25
2.89×
Q1 25
-0.18×
Q4 24
0.63×
5.47×
Q3 24
4.16×
-5.78×
Q2 24
2.33×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PSN
PSN

Unconsolidated Joint Ventures$582.1M36%
Defense And Intelligence$502.8M31%
Engineered Systems$281.4M18%
Consolidated Joint Ventures$216.7M14%
TRS Group Inc$9.4M1%

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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