OverviewSuggest Edit

Parsons is a company providing software and hardware products, technical services, and integrated solutions in the defense, intelligence, and critical infrastructure markets. It operates in two segments: Federal Solutions and Critical Infrastructure. The Federal Solutions segment offers cybersecurity, missile defense systems, C5ISR, space launch and situational awareness, geospatial intelligence, RF signals intelligence, nuclear and chemical waste remediation, and engineering services. The Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure leveraging sensors and data.
TypePublic
Founded1944
HQCentreville, VA, US
Websiteparsons.com
Employee Ratings3.9
Overall CultureA

Latest Updates

Employees (est.) (Jan 2020)15,879(+2%)
Job Openings1,414
Revenue (FY, 2020)$3.9 B
Share Price (Sept 2021)$34.9(+3%)
Cybersecurity ratingAMore

Key People/Management at Parsons

Charles L. Harrington

Charles L. Harrington

Chairman and Chief Executive Officer, Director
Carey A. Smith

Carey A. Smith

President and CEO
Christian Alexander

Christian Alexander

President, Engineered Systems Business Unit
George L. Ball

George L. Ball

Chief Financial Officer
Jason Yaley

Jason Yaley

Chief Communications Officer
Garold B. Adams

Garold B. Adams

Chief Risk Officer
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Parsons Office Locations

Parsons has offices in Centreville, Aberdeen Proving Ground, Aiken, Albuquerque and in 94 other locations
Centreville, VA, US (HQ)
5875 Trinity Pkwy #300
Aberdeen Proving Ground, MD, US
6210 Guardian Gateway #200
Aiken, SC, US
1080 Silver Bluff Rd
Albuquerque, NM, US
5051 Journal Center Blvd NE #300
Anchorage, AK, US
801 B St #200
Annapolis Junction, MD, US
133 National Business Pkwy #150
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Parsons Financials and Metrics

Parsons Revenue

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View revenue for all periods
Parsons's revenue was reported to be $3.92 b in FY, 2020 which is a 0.9% decrease from the previous period.
USD

Revenue (Q2, 2021)

879.4m

Gross profit (Q2, 2021)

199.0m

Gross profit margin (Q2, 2021), %

22.6%

Net income (Q2, 2021)

12.0m

EBIT (Q2, 2021)

20.2m

Market capitalization (23-Sept-2021)

3.5b

Closing stock price (23-Sept-2021)

34.9

Cash (30-Jun-2021)

483.4m

EV

3.9b
Parsons's current market capitalization is $3.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

3.6b4.0b3.9b

Revenue growth, %

18%11%(1%)

Cost of goods sold

2.8b3.1b3.0b

Gross profit

765.5m831.8m876.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

904.4m989.7m1.0b971.0m979.5m1.0b874.7m879.4m

Cost of goods sold

714.2m784.7m798.6m769.6m749.3m788.8m669.1m680.3m

Gross profit

190.2m205.0m224.7m201.4m230.1m215.5m205.6m199.0m

Gross profit Margin, %

21%21%22%21%23%21%24%23%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

280.2m182.7m483.6m

Accounts Receivable

623.3m671.5m698.6m

Prepaid Expenses

69.0m84.5m80.8m

Current Assets

1.5b1.5b1.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

121.4m202.9m133.9m119.3m129.6m614.0m398.2m483.4m

Accounts Receivable

651.9m734.4m673.7m758.2m717.4m775.1m693.6m638.0m

Prepaid Expenses

77.0m73.9m70.5m90.5m89.7m77.9m101.5m103.6m

Current Assets

1.4b1.6b1.5b1.6b1.6b2.1b1.8b1.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

239.4m137.1m118.9m

Depreciation and Amortization

69.9m125.7m128.0m

Accounts Payable

5.6m(17.1m)1.5m

Cash From Operating Activities

284.6m220.2m289.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

13.4m53.5m114.8m14.4m45.5m92.0m14.0m26.0m

Depreciation and Amortization

30.6m61.7m92.7m32.4m64.5m95.4m34.7m69.3m

Accounts Payable

(28.2m)(4.5m)(6.9m)19.8m(6.2m)(8.1m)(6.7m)(34.4m)

Cash From Operating Activities

(60.1m)(48.5m)130.6m(119.0m)(31.4m)113.4m66.0m38.5m
USDFY, 2018

Debt/Equity

-0.5 x

Debt/Assets

0.2 x

Financial Leverage

-2.8 x
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Parsons Operating Metrics

Parsons's Backlog was reported to be $7.7b in Q2, 2020.
FY, 2017Q1, 2018Q2, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Backlog

$6.42 b$6.32 b$7.75 b$7.97 b$8.55 b$8.5 b$7.96 b$8.03 b$7.8 b$7.72 b

Backlog (Federal Solutions)

$3.26 b$3.16 b$4.61 b$4.49 b$5.11 b$5.03 b$4.84 b$5.04 b$5.05 b$4.96 b

Backlog (Critical Infrastructure)

$3.16 b$3.16 b$3.14 b$3.48 b$3.44 b$3.47 b$3.13 b$3 b$2.75 b$2.76 b

Book-to-Bill Ratio

113%81%120%126%135%120%120%110%100%100%
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Parsons Acquisitions / Subsidiaries

Company NameDateDeal Size
BlackHorse SolutionsJune 10, 2021$203 m
Braxton Science & Technology GroupOctober 29, 2020$258 m
QRC TechnologiesJuly 22, 2019$215 m
OGSystemsJanuary 08, 2019
Polaris AlphaMay 21, 2018
Williams ElectricOctober 10, 2017
SpartaNovember 15, 2011
3D/International, Inc.
Argotek, Inc.
Bonifica S.P.A.
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Parsons Revenue Breakdown

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Parsons revenue breakdown by business segment: 51.2% from Critical Infrastructure and 48.8% from Federal Solutions

Parsons revenue breakdown by geographic segment: 17.5% from Middle East, 82.1% from North America and 0.5% from Other

Parsons Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Parsons Online and Social Media Presence

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Parsons Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    73/100

  • Diversity

    C+

    65/100

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Parsons News and Updates

Parsons wins $935M Air Force base security contract

Parsons has won a 10-year, $953 million contract to help the Air Force maintain layered base security systems at facilities in Europe and Africa

Parsons Closes $203M BlackHorse Solutions Acquisition Deal

Parsons (NYSE: PSN) has expanded its portfolio of electronic warfare, military information and cyber products following the completion of a $203 million accretive deal to acquire BlackHorse Solutions

Parsons to Announce Second Quarter 2020 Financial Results on August 5, 2020

CENTREVILLE, Va., June 23, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) will release second quarter 2020 financial results before the markets open on Wednesday, August 5, 2020. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings...

Parsons Selected for U.S. Air Force ABMS Contract

CENTREVILLE, Va., June 10, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) has been awarded a $950,000,000 ceiling indefinite-delivery/indefinite-quantity contract for the maturation, demonstration and proliferation of capabilities across platforms and domains, leveraging open systems...

Parsons Continues Rebuilding Kwajalein

CENTREVILLE, Va., March 31, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) exercised two options for a combined value of $30.5 million on the Bucholz Army Airfield effort in the Kwajalein Atoll in the Republic of the Marshall Islands for the U.S. Army Corps of Engineers. The firm...

Former Senate Armed Services Committee staffer J.R. Riordan joins Parsons Corp.

Riordan will be in charge of business development and customer engagement for Parsons' national security space business. SpaceNews.com
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Parsons Frequently Asked Questions

  • When was Parsons founded?

    Parsons was founded in 1944.

  • Who are Parsons key executives?

    Parsons's key executives are Charles L. Harrington, Carey A. Smith and Christian Alexander.

  • How many employees does Parsons have?

    Parsons has 15,879 employees.

  • What is Parsons revenue?

    Latest Parsons annual revenue is $3.9 b.

  • What is Parsons revenue per employee?

    Latest Parsons revenue per employee is $246.8 k.

  • Who are Parsons competitors?

    Competitors of Parsons include Amentum Services, PAE and SAIC.

  • Where is Parsons headquarters?

    Parsons headquarters is located at 5875 Trinity Pkwy #300, Centreville.

  • Where are Parsons offices?

    Parsons has offices in Centreville, Aberdeen Proving Ground, Aiken, Albuquerque and in 94 other locations.

  • How many offices does Parsons have?

    Parsons has 105 offices.