Financial Snapshot

Revenue
$6.510B
TTM
Gross Margin
21.67%
TTM
Net Earnings
$78.68M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
154.87%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.414B
Q3 2024
Cash
Q3 2024
P/E
133.7
Nov 29, 2024 EST
Free Cash Flow
$547.0M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $5.443B $4.195B $3.661B $3.919B $3.955B $3.561B $3.017B $3.039B $3.219B
YoY Change 29.74% 14.6% -6.59% -0.91% 11.07% 18.01% -0.73% -5.57% 3.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $5.443B $4.195B $3.661B $3.919B $3.955B $3.561B $3.017B $3.039B $3.219B
Cost Of Revenue $4.237B $3.249B $2.808B $3.042B $3.123B $2.795B $2.400B $2.431B $2.536B
Gross Profit $1.206B $946.7M $852.8M $876.9M $831.8M $710.4M $616.9M $608.0M $683.1M
Gross Profit Margin 22.16% 22.57% 23.3% 22.37% 21.03% 19.95% 20.45% 20.01% 21.22%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin $869.9M $777.4M $757.2M $729.1M $781.4M $591.2M $506.0M $510.5M $542.1M
YoY Change 11.9% 2.66% 3.86% -6.69% 32.17% 16.84% -0.88% -5.83% 7.99%
% of Gross Profit 72.13% 82.12% 88.79% 83.15% 93.95% 83.22% 82.02% 83.96% 79.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.10M $39.00M $38.60M $39.00M $37.30M $32.40M $29.40M $42.20M
YoY Change 0.26% 1.04% -1.03% 4.56% 15.12% 10.2% -30.33%
% of Gross Profit 3.24% 4.12% 4.53% 4.45% 4.48% 4.56% 4.77% 6.94%
Operating Expenses $869.9M $777.4M $757.2M $729.1M $781.4M $591.2M $506.0M $510.5M $542.2M
YoY Change 11.9% 2.66% 3.86% -6.69% 32.17% 16.84% -0.88% -5.85% 8.01%
Operating Profit $288.4M $185.7M $95.58M $147.8M $50.34M $119.2M $110.9M $97.50M $140.9M
YoY Change 55.31% 94.24% -35.31% 193.5% -57.77% 7.48% 13.74% -30.8% -8.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $31.50M $23.19M $19.56M $9.900M $19.30M $18.80M $26.80M $20.20M $3.900M
YoY Change 35.85% 18.53% 97.59% -48.7% 2.66% -29.85% 32.67% 417.95% -65.79%
% of Operating Profit 10.92% 12.49% 20.46% 6.7% 38.34% 15.77% 24.17% 20.72% 2.77%
Other Income/Expense, Net $5.001M $2.775M -$2.557M $3.800M -$2.400M -$1.700M $5.700M $1.300M -$2.700M
YoY Change 80.22% -208.53% -167.29% -258.33% 41.18% -129.82% 338.46% -148.15% -68.97%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income $264.1M $166.2M $112.6M $161.4M $67.24M $259.8M $133.0M $12.00M $128.1M
YoY Change 58.86% 47.64% -30.25% 140.05% -74.12% 95.34% 1008.33% -90.63% -11.29%
Income Tax $56.14M $39.66M $23.64M $42.49M -$69.89M $20.37M $21.50M $14.00M $13.80M
% Of Pretax Income 21.26% 23.86% 20.99% 26.33% -103.93% 7.84% 16.17% 116.67% 10.77%
Net Earnings $161.1M $96.66M $64.07M $98.54M $120.5M $222.3M $97.30M -$13.10M $88.30M
YoY Change 66.71% 50.87% -34.98% -18.25% -45.79% 128.51% -842.75% -114.84% -8.31%
Net Earnings / Revenue 2.96% 2.3% 1.75% 2.51% 3.05% 6.24% 3.23% -0.43% 2.74%
Basic Earnings Per Share $1.53 $0.93 $0.62 $0.98 $1.30 $2.78
Diluted Earnings Per Share $1.42 $0.87 $571.4K $0.97 $1.30 $2.78 $1.006M -$135.5K $913.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments $272.9M $262.5M $342.6M $483.6M $182.7M $280.2M $445.2M
YoY Change 3.96% -23.37% -29.15% 164.7% -34.8% -37.06%
Cash & Equivalents $272.9M $262.5M $342.6M $483.6M $182.7M $280.2M $445.2M
Short-Term Investments
Other Short-Term Assets $191.4M $105.9M $112.2M $84.40M $97.20M $70.00M $53.20M
YoY Change 80.82% -5.66% 32.96% -13.17% 38.86% 31.58%
Inventory
Prepaid Expenses
Receivables $1.673B $1.351B $1.178B $1.275B $1.247B $1.139B $1.064B
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $2.138B $1.720B $1.632B $1.843B $1.526B $1.489B $1.562B
YoY Change 24.29% 5.36% -11.43% 20.75% 2.53% -4.69%
Property, Plant & Equipment $265.9M $255.1M $291.3M $334.8M $358.5M $91.80M $87.60M
YoY Change 4.25% -12.41% -13.01% -6.61% 290.52% 4.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $128.2M $107.4M $110.7M $69.00M $68.60M $63.60M $71.60M
YoY Change 19.34% -2.95% 60.42% 0.58% 7.86% -11.17%
Other Assets $204.2M $199.9M $176.1M $182.9M $189.5M $51.90M $37.10M
YoY Change 2.15% 13.47% -3.7% -3.48% 265.13% 39.89%
Total Long-Term Assets $2.667B $2.478B $2.199B $2.095B $1.924B $1.124B $710.7M
YoY Change 7.59% 12.72% 4.96% 8.87% 71.2% 58.13%
Total Assets $4.804B $4.198B $3.831B $3.938B $3.450B $2.613B $2.273B
YoY Change
Accounts Payable $242.8M $201.4M $196.3M $225.7M $216.6M $226.3M $207.1M
YoY Change 20.55% 2.62% -13.03% 4.2% -4.29% 9.27%
Accrued Expenses $833.1M $662.2M $629.4M $671.0M $658.8M $530.0M $478.7M
YoY Change 25.8% 5.21% -6.19% 1.85% 24.3% 10.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $50.00M $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $2.682M $1.746M $1.822M $1.500M $1.100M
YoY Change 53.61% -4.17% 21.47% 36.36%
Total Short-Term Liabilities $1.411B $1.108B $1.031B $1.187B $1.144B $1.006B $1.008B
YoY Change 27.32% 7.5% -13.19% 3.76% 13.73% -0.15%
Long-Term Debt $751.1M $745.9M $594.3M $541.7M $250.6M $430.1M $249.4M
YoY Change 0.7% 25.49% 9.72% 116.16% -41.73% 72.45%
Other Long-Term Liabilities $255.6M $235.8M $257.3M $334.9M $385.1M $214.8M $201.7M
YoY Change 8.41% -8.37% -23.17% -13.04% 79.28% 6.49%
Total Long-Term Liabilities $1.007B $981.6M $851.6M $876.6M $635.7M $644.9M $451.1M
YoY Change 2.55% 15.26% -2.85% 37.9% -1.43% 42.96%
Total Liabilities $2.517B $2.155B $1.930B $2.124B $1.821B $1.704B $1.495B
YoY Change 16.81% 11.63% -9.12% 16.67% 6.85% 13.98%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Basic Shares Outstanding 105.0M 103.8M 102.5M 100.8M 92.42M 80.01M 83.57M
Diluted Shares Outstanding 115.1M 113.5M 112.1M 101.2M 92.75M 80.01M 83.57M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $10.518 Billion

About PARSONS CORP

Parsons Corp. engages in the provision of engineering, design, planning, and construction management services. The company is headquartered in Centreville, Virginia and currently employs 18,500 full-time employees. The company went IPO on 2019-05-08. The firm operates through two segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment provides critical technologies, including cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems, biometrics and bio surveillance. The Critical Infrastructure segment provides program management, design and engineering services, and owners representative support for complex physical and digital infrastructure around the globe. The company develops digital solutions focused on aviation; rail and transit; bridges, roads and highways; leveraging sensors and data to drive smart sustainable infrastructure.

Industry: Services-Computer Integrated Systems Design Peers: AEROJET ROCKETDYNE HOLDINGS, INC. AXON ENTERPRISE, INC. BWX Technologies, Inc. CURTISS WRIGHT CORP Eve Holding, Inc. HEXCEL CORP /DE/ MERCURY SYSTEMS INC RTX Corp Spirit AeroSystems Holdings, Inc. Woodward, Inc.