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 CEO
Christian Alexander
President, Engineered Systems Business Unit
George L. Ball
Chief Financial Officer
Jason Yaley
Chief Communications Officer
Garold B. Adams
Chief Risk Officer
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
Parsons Financials and Metrics
Parsons Revenue
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
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 13.4m | 53.5m | 114.8m | 14.4m | 45.5m | 92.0m | 14.0m | 26.0m |
Depreciation and Amortization | 30.6m | 61.7m | 92.7m | 32.4m | 64.5m | 95.4m | 34.7m | 69.3m |
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) | 113.4m | 66.0m | 38.5m |
| USD | FY, 2018 |
|---|---|
Debt/Equity | -0.5 x |
Debt/Assets | 0.2 x |
Financial Leverage | -2.8 x |
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 |
|---|---|---|
| BlackHorse Solutions | June 10, 2021 | $203 m |
| 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, Inc. | ||
| Argotek, Inc. | ||
| Bonifica S.P.A. |
Parsons Revenue Breakdown
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
Parsons Online and Social Media Presence
13k Twitter followers
Parsons has 13k Twitter Followers. The number of followers has increased 0.3% month over month and increased 0.5% quarter over quarter
Parsons's Trends
Twitter Engagement Stats for @ParsonsCorp
11.3k
Tweets
246
Following
13k
Followers
22
Tweets last 30 days
1.7
Avg. likes per Tweet
81.8%
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
July 22, 2021
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
July 07, 2021
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
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
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.
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