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.
| Type | Public | |
| Founded | 1944 | |
| HQ | Centreville, VA, US | Map |
| Website | parsons.com | |
| Employee Ratings | More | |
| Overall Culture | A | More |
Key People/Management at Parsons
Charles L. Harrington
Chairman and Chief Executive Officer, Director
Carey A. Smith
President and Chief Operating Officer
George L. Ball
Chief Financial Officer
Garold B. Adams
Chief Risk Officer
Michael Kolloway
Chief Legal Officer
Debra A. Fiori
Chief People Officer
Parsons Office Locations
Parsons has offices in Centreville, Aberdeen Proving Ground, Aiken, Albuquerque and in 93 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 #102
Anchorage, AK, US
801 B St #200
Annapolis Junction, MD, US
133 National Business Pkwy #150
Parsons Financials and Metrics
Parsons Revenue
Parsons's revenue was reported to be $3.92 b in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 3.9b |
Gross profit (FY, 2020) | 876.9m |
Gross profit margin (FY, 2020), % | 22.4% |
Net income (FY, 2020) | 118.9m |
EBIT (FY, 2020) | 177.8m |
Market capitalization (4-Jun-2021) | 4.2b |
Closing stock price (4-Jun-2021) | 40.7 |
Cash (31-Dec-2020) | 483.6m |
EV | 4.5b |
Parsons's current market capitalization is $4.2 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 754.7m | 900.7m | 976.2m | 904.4m | 989.7m | 1.0b | 971.0m | 979.5m | 1.0b |
Cost of goods sold | 603.0m | 668.2m | 783.0m | 714.2m | 784.7m | 798.6m | 769.6m | 749.3m | 788.8m |
Gross profit | 151.7m | 232.5m | 193.1m | 190.2m | 205.0m | 224.7m | 201.4m | 230.1m | 215.5m |
Gross profit Margin, % | 20% | 26% | 20% | 21% | 21% | 22% | 21% | 23% | 21% |
Annual
Annual
| USD | FY, 2017 |
|---|---|
Debt/Equity | -0.2 x |
Debt/Assets | 0.1 x |
Financial Leverage | -2.2 x |
P/E Ratio | 0.1 |
Parsons Operating Metrics
Parsons's Backlog was reported to be $7.7b in Q2, 2020.
| FY, 2017 | Q1, 2018 | Q2, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 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% |
Parsons Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Braxton Science & Technology Group | October 29, 2020 | $258 m |
| QRC Technologies | July 22, 2019 | $215 m |
| OGSystems | January 08, 2019 | |
| Polaris Alpha | May 21, 2018 | |
| Williams Electric | October 10, 2017 | |
| Sparta | November 15, 2011 | |
| 3D/International | ||
| 3D/lnternational | ||
| Anaconda-Jurden Associates | ||
| Argotek |
Parsons Revenue Breakdown
Parsons revenue breakdown by business segment: 41.5% from Federal Solutions and 58.5% from Critical Infrastructure
Parsons revenue breakdown by geographic segment: 78.1% from North America, 20.1% from Middle East and 1.8% from Other
Parsons Cybersecurity Score
Parsons Environment, Social & Governance (ESG) Ratings
Parsons Online and Social Media Presence
12.93k Twitter followers
Parsons has 12.93k Twitter Followers. The number of followers has decreased 0.2% month over month and increased 0.2% quarter over quarter
Parsons's Trends
Twitter Engagement Stats for @ParsonsCorp
11.2k
Tweets
243
Following
12.9k
Followers
30
Tweets last 30 days
2.1
Avg. likes per Tweet
86.7%
Tweets with engagement
Parsons Company Culture
Overall Culture
A
76/100
CEO Rating
A+
79/100
Compensation
B
73/100
Diversity
C+
65/100
Parsons News and Updates
June 23, 2020
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...
June 10, 2020
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...
March 31, 2020
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...
March 24, 2020
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
March 12, 2020
CIO 100 Names Parsons as Global IT Leader
CENTREVILLE, Va., March 12, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) has once again been named to the CIO 100 list of the world's most innovative companies in efficient and effective information technology (IT) practices. The company is being recognized for its infrastructure...
February 24, 2020
New Simpsons Episode Features Jim Parsons Giving a Crypto Explainer for the Masses
The latest episode of The Simpsons has tried to break down the complex world of cryptocurrencies, with some success.
Parsons Blogs
May 04, 2021
Parsons Awarded $114 Million Contract By Qatar Public Works Authority To Improve Infrastructure
CENTREVILLE, Va. , May 4, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Qatar Public Works Authority (PWA) to provide site supervision services for projects in the western area of Qatar as well as Doha City.
April 26, 2021
Parsons and HLB Lighting Design Partner with Selma Center on National Historic Landmark
CENTREVILLE, Va. , April 26, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that it's working with the Selma Center for Nonviolence , Truth, and Reconciliation on a new architectural lighting design and installation for the Edmund Pettus Bridge in Selma, Alabama .
April 20, 2021
Parsons Announces CEO Transition
Harrington retires after 40 years; Smith to succeed CENTREVILLE, Va. , April 20, 2021 /PRNewswire/ -- The board of directors of Parsons Corporation (NYSE: PSN) has elected Carey Smith as chief executive officer, effective July 1st, 2021 . Smith succeeds Charles "Chuck" Harrington, who announced his
April 15, 2021
Parsons Continues Giant Mine Project With Contract Amendment
CENTREVILLE, Va. , April 15, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company's contract has been amended by 94 million CAD ( $75 million USD ) to manage new work at the Giant Mine in the Northwest Territories, Canada .
April 07, 2021
Parsons to Support NSA Competition Training Future Cyber Warriors
CENTREVILLE, Va. , April 7, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) will provide support to the National Security Agency's (NSA) three-day cyber competition – NSA Cyber Exercise (NCX) – designed to enhance the full-spectrum cyber operational capabilities of U.S.
March 23, 2021
Parsons Awarded $12.6 Billion Ceiling Contract Supporting Intelligence Missions
Parsons Awarded $12.6 Billion Ceiling Contract Supporting Intelligence Missions
James.Gerke@na…
Tue, 03/23/2021 - 09:02
Parsons Awarded $12.6 Billion Ceiling Contract Supporting Intelligence Missions
03/23/2021
This release is a backfill from a News Wire
…
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 George L. Ball.
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 93 other locations.
How many offices does Parsons have?
Parsons has 105 offices.
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