PSN - Parsons Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$86.80
DETAILS
HIGH:
$104.00
LOW:
$78.00
MEDIAN:
$82.00
CONSENSUS:
$86.80
UPSIDE:
61.61%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 6,364.2 | 6,750.6 | 5,442.7 | 4,195.3 | 3,660.8 | 3,918.9 | 3,954.8 | 3,560.5 | 3,017.0 | 3,039.2 | 3,218.6 | 3,097.6 |
| Cost of Revenue | 4,932.7 | 5,344.2 | 4,236.7 | 3,248.6 | 2,807.9 | 3,042.1 | 3,123.1 | 2,795.0 | 2,400.1 | 2,431.2 | 2,535.5 | 2,441.9 |
| Gross Profit | 1,431.5 | 1,406.4 | 1,206.0 | 946.7 | 852.8 | 876.9 | 831.8 | 765.5 | 616.9 | 608.0 | 683.1 | 655.7 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,013.3 | 955.0 | 869.9 | 777.4 | 757.2 | 729.1 | 781.4 | 597.4 | 506.3 | 522.9 | 542.1 | 502.0 |
| Other Expenses | 0 | 23.4 | 47.8 | (16.3) | (36.9) | (30.1) | (41.7) | (36.9) | (40.1) | 49.7 | (5.4) | (8.7) |
| Operating Expenses | 1,013.3 | 978.4 | 917.7 | 761.1 | 720.4 | 699.0 | 739.7 | 560.5 | 466.2 | 572.6 | 536.6 | 493.3 |
| Operating Income | ||||||||||||
| Operating Income | 418.2 | 428.1 | 288.4 | 185.7 | 132.4 | 177.8 | 92.1 | 205.0 | 150.7 | 35.4 | 146.5 | 162.4 |
| Interest Expense | 51.3 | 51.6 | 31.5 | 23.2 | 17.7 | 21.0 | 23.7 | 20.8 | 15.8 | 16.5 | (15.6) | (9.3) |
| Interest Income | 6.9 | 11.4 | 2.2 | 1.0 | 0.4 | 0.8 | 1.3 | 2.7 | 2.5 | 1.2 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 534.7 | 518.5 | 415.5 | 309.9 | 274.5 | 310.3 | 216.7 | 244.2 | 145.8 | 139.6 | 86.4 | 97.9 |
| EBIT | 418.2 | 419.2 | 295.6 | 189.4 | 130.3 | 182.4 | 91.0 | 174.3 | 110.6 | 28.5 | 112.5 | 135.1 |
| Income Before Tax | 382.5 | 367.7 | 264.1 | 166.2 | 112.6 | 161.4 | 67.2 | 259.8 | 133.0 | 12.0 | 128.1 | 144.4 |
| Income Tax Expense | 73.6 | 77.0 | 56.1 | 39.7 | 23.6 | 42.5 | (69.9) | 74.8 | 21.5 | 14.0 | 13.8 | 10.8 |
| Net Income | 241.1 | 235.1 | 161.1 | 96.7 | 64.1 | 98.5 | 120.5 | 167.9 | 97.3 | (13.1) | 88.3 | 96.3 |
| Per Share Data | ||||||||||||
| EPS (Basic) | 2.26 | 2.21 | 1.56 | 0.93 | 0.62 | 0.98 | 1.30 | 2.10 | 1.22 | -0.16 | 0.91 | 1.00 |
| EPS (Diluted) | 2.20 | 2.12 | 1.42 | 0.85 | 0.59 | 0.97 | 1.30 | 2.10 | 1.22 | -0.16 | 0.91 | 1.00 |
| Shares Outstanding | 106.8 | 106.3 | 105.0 | 103.8 | 102.5 | 100.8 | 92.4 | 80.0 | 80.0 | 80.0 | 96.7 | 96.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 466.4 | 453.5 | 272.9 | 262.5 | 342.6 | 483.6 | 182.7 | 228.1 | 445.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,040.2 | 1,841.9 | 1,673.2 | 1,351.4 | 1,177.5 | 1,275.1 | 1,246.6 | 1,138.6 | 1,063.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 176.9 | 167.0 | 191.4 | 105.9 | 1.3 | 3.6 | 12.7 | 1.0 | 1.0 |
| Total Current Assets | 2,683.5 | 2,462.4 | 2,137.5 | 1,719.8 | 1,632.4 | 1,843.1 | 1,526.4 | 1,436.7 | 1,562.0 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 277.8 | 264.6 | 258.2 | 251.1 | 286.9 | 331.4 | 356.2 | 91.8 | 87.6 |
| Goodwill | 2,186.7 | 2,082.7 | 1,792.7 | 1,661.8 | 1,412.7 | 1,262.0 | 1,047.4 | 736.9 | 496.8 |
| Intangible Assets | 325.9 | 349.9 | 275.6 | 254.1 | 207.8 | 246.0 | 259.9 | 179.5 | 17.7 |
| Long-Term Investments | 148.6 | 138.8 | 128.2 | 107.4 | 110.7 | 69.0 | 68.6 | 63.6 | 71.6 |
| Other Non-Current Assets | 58.8 | 56.1 | 71.8 | 66.1 | 46.1 | 56.0 | 61.5 | 46.2 | 28.7 |
| Total Non-Current Assets | 3,086.0 | 3,025.6 | 2,666.5 | 2,478.4 | 2,198.6 | 2,094.6 | 1,924.0 | 1,194.8 | 710.8 |
| Total Assets | 5,769.5 | 5,488.0 | 4,804.1 | 4,198.1 | 3,830.9 | 3,937.7 | 3,450.4 | 2,631.5 | 2,272.7 |
| Current Liabilities | |||||||||
| Account Payables | 250.5 | 207.6 | 242.8 | 201.4 | 196.3 | 225.7 | 216.6 | 226.3 | 207.1 |
| Short-Term Debt | 49.5 | 463.4 | 0 | 0 | 0 | 50 | 0 | 0 | 0 |
| Deferred Revenue | 340.1 | 289.8 | 301.1 | 213.1 | 171.7 | 201.9 | 230.7 | 208.6 | 145.2 |
| Other Current Liabilities | 395.2 | 389.2 | 366.9 | 324.3 | 288.6 | 326.2 | 289.1 | 294.7 | 403.6 |
| Total Current Liabilities | 1,531.7 | 1,915.6 | 1,410.9 | 1,108.1 | 1,030.8 | 1,187.4 | 1,144.4 | 1,006.2 | 1,007.7 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 1,331.9 | 784.1 | 746.0 | 743.6 | 591.9 | 540.0 | 249.4 | 429.2 | 249.4 |
| Deferred Tax Liabilities | 12.2 | 11.0 | 9.8 | 12.5 | 11.4 | 12.3 | 9.6 | 6.6 | 8.5 |
| Other Non-Current Liabilities | 26.9 | 121.9 | 138.1 | 124.3 | 108.4 | 152.4 | 181.4 | 168.8 | 148.3 |
| Total Non-Current Liabilities | 1,470.2 | 1,037.8 | 1,016.5 | 994.1 | 863.0 | 888.9 | 645.2 | 651.6 | 459.6 |
| Total Liabilities | 3,001.9 | 2,953.5 | 2,427.3 | 2,102.2 | 1,893.8 | 2,076.3 | 1,789.6 | 1,657.7 | 1,467.3 |
| Stockholders' Equity | |||||||||
| Common Stock | 145.7 | 146.7 | 146.3 | 146.1 | 146.3 | 146.6 | 146.4 | 0 | 0 |
| Retained Earnings | 661.2 | 426.8 | 203.7 | 43.1 | (53.5) | (120.6) | (218.0) | 12.4 | (186.0) |
| Accumulated Other Comprehensive Income | (20.9) | (26.6) | (14.9) | (17.8) | (9.6) | (13.9) | (14.3) | (23.0) | (15.0) |
| Total Stockholders' Equity | 2,642.0 | 2,416.4 | 2,287.2 | 2,043.6 | 1,900.8 | 1,813.8 | 1,629.9 | 927.3 | 777.9 |
| Total Liabilities & Equity | 5,769.5 | 5,488.0 | 4,804.1 | 4,198.1 | 3,830.9 | 3,937.7 | 3,450.4 | 2,631.5 | 2,272.7 |
| Debt Metrics | |||||||||
| Total Debt | 1,480.6 | 1,421.1 | 927.2 | 916.4 | 799.1 | 828.3 | 504.2 | 430.1 | 249.4 |
| Net Debt | 1,014.2 | 967.5 | 654.2 | 653.9 | 456.5 | 344.7 | 321.5 | 202.0 | (195.8) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 241.1 | 290.7 | 207.9 | 126.6 | 89.0 | 118.9 | 137.1 | 239.4 | 111.5 | (2.0) |
| Depreciation & Amortization | 116.5 | 99.3 | 120.0 | 120.5 | 144.2 | 128.0 | 125.7 | 69.9 | 35.2 | 42.2 |
| Stock-Based Compensation | 0 | 56.1 | 34.4 | 23.0 | 20.2 | 15.2 | 8.3 | 45.2 | 40.6 | 41.8 |
| Change in Working Capital | (147.0) | (85.8) | (103.3) | (103.3) | (94.9) | (44.3) | 2.7 | 58.3 | 77.2 | 28.9 |
| Other Non-Cash Items | 223.4 | 157.3 | 157.6 | 71.6 | 50.6 | 70.0 | 69.8 | (91.0) | 33.8 | 35 |
| Operating Cash Flow | 478.4 | 523.6 | 407.7 | 237.5 | 205.6 | 289.2 | 220.2 | 284.6 | 265.0 | 198.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (68.0) | (49.2) | (40.4) | (30.6) | (21.1) | (34.0) | (67.6) | (29.3) | (27.9) | (30.1) |
| Acquisitions | (142.7) | (507.7) | (336.1) | (387.6) | (221.1) | (313.9) | (507.0) | (474.5) | (27.3) | (1.1) |
| Purchases of Investments | (83.6) | 0 | 0 | (17.6) | (38.5) | (11.0) | (24.6) | (4.7) | (3.5) | (5.2) |
| Sales/Maturities of Investments | 40.2 | 0 | 0 | 9.4 | 15.6 | 0.1 | 12.4 | 11.4 | 2.0 | 4.0 |
| Other Investing Activities | 0 | 0.2 | 0.5 | 8.9 | 24.2 | 12.5 | 16.0 | 0.4 | 2.2 | 1.9 |
| Investing Cash Flow | (254.0) | (556.7) | (376.0) | (417.5) | (240.9) | (346.4) | (570.8) | (503.3) | (53.0) | (29.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (16.0) | 302.4 | 0 | 150 | (50) | 400 | (180) | 180 | 0 | 0 |
| Stock Repurchased | (125.0) | (25) | (11) | (22) | (21.7) | 0 | (6.3) | (125.8) | (111.4) | (148.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | (52.1) | 0 | 0 | 0 |
| Other Financing Activities | (83.6) | (66.6) | (16.9) | (20.6) | (40.4) | (56.2) | (32.5) | 1.2 | (48.8) | (36.5) |
| Financing Cash Flow | (215.7) | 218.7 | (21.9) | 100.4 | (106.5) | 348.2 | 266.0 | 55.4 | (160.2) | (185.2) |
| Cash Position | ||||||||||
| Net Change in Cash | 12.8 | 180.6 | 10.4 | (81.3) | (143.3) | 291.8 | (85.8) | (164.9) | 53.1 | (17.2) |
| Cash at Beginning | 453.5 | 272.9 | 262.5 | 343.9 | 487.2 | 195.4 | 281.2 | 446.1 | 393.0 | 410.2 |
| Cash at End | 466.4 | 453.5 | 272.9 | 262.5 | 343.9 | 487.2 | 195.4 | 281.2 | 446.1 | 393.0 |
| Free Cash Flow | 410.4 | 474.4 | 367.3 | 206.9 | 184.5 | 255.1 | 152.6 | 255.4 | 237.1 | 168.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 6,364.2 | 6,750.6 | 5,442.7 | 4,195.3 | 3,660.8 | 3,918.9 | 3,954.8 | 3,560.5 | 3,017.0 | 3,039.2 | 3,218.6 | 3,097.6 |
| Gross Profit | 1,431.5 | 1,406.4 | 1,206.0 | 946.7 | 852.8 | 876.9 | 831.8 | 765.5 | 616.9 | 608.0 | 683.1 | 655.7 |
| Operating Income | 418.2 | 428.1 | 288.4 | 185.7 | 132.4 | 177.8 | 92.1 | 205.0 | 150.7 | 35.4 | 146.5 | 162.4 |
| Net Income | 241.1 | 235.1 | 161.1 | 96.7 | 64.1 | 98.5 | 120.5 | 167.9 | 97.3 | (13.1) | 88.3 | 96.3 |
| EPS (Diluted) | 2.20 | 2.12 | 1.42 | 0.85 | 0.59 | 0.97 | 1.30 | 2.10 | 1.22 | -0.16 | 0.91 | 1.00 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 466.4 | 453.5 | 272.9 | 262.5 | 342.6 | 483.6 | 182.7 | 228.1 | 445.2 | |||
| Total Assets | 5,769.5 | 5,488.0 | 4,804.1 | 4,198.1 | 3,830.9 | 3,937.7 | 3,450.4 | 2,631.5 | 2,272.7 | |||
| Total Debt | 1,480.6 | 1,421.1 | 927.2 | 916.4 | 799.1 | 828.3 | 504.2 | 430.1 | 249.4 | |||
| Stockholders' Equity | 2,642.0 | 2,416.4 | 2,287.2 | 2,043.6 | 1,900.8 | 1,813.8 | 1,629.9 | 927.3 | 777.9 | |||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 478.4 | 523.6 | 407.7 | 237.5 | 205.6 | 289.2 | 220.2 | 284.6 | 265.0 | 198.6 | ||
| Capital Expenditure | (68.0) | (49.2) | (40.4) | (30.6) | (21.1) | (34.0) | (67.6) | (29.3) | (27.9) | (30.1) | ||
| Free Cash Flow | 410.4 | 474.4 | 367.3 | 206.9 | 184.5 | 255.1 | 152.6 | 255.4 | 237.1 | 168.5 | ||