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 Openings1,366
Revenue (FY, 2020)$3.9 B
Share Price (Jun 2021)$40.7(+4%)
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 Chief Operating Officer
George L. Ball

George L. Ball

Chief Financial Officer
Garold B. Adams

Garold B. Adams

Chief Risk Officer
Michael Kolloway

Michael Kolloway

Chief Legal Officer
Debra A. Fiori

Debra A. Fiori

Chief People Officer
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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
Show all (105)

Parsons Financials and Metrics

Parsons Revenue

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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
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.0b3.6b4.0b3.9b

Revenue growth, %

(1%)18%11%

Cost of goods sold

2.4b2.8b3.1b3.0b

Gross profit

616.9m765.5m831.8m876.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

754.7m900.7m976.2m904.4m989.7m1.0b971.0m979.5m1.0b

Cost of goods sold

603.0m668.2m783.0m714.2m784.7m798.6m769.6m749.3m788.8m

Gross profit

151.7m232.5m193.1m190.2m205.0m224.7m201.4m230.1m215.5m

Gross profit Margin, %

20%26%20%21%21%22%21%23%21%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

445.2m280.2m182.7m483.6m

Accounts Receivable

1.1b623.3m671.5m698.6m

Prepaid Expenses

52.2m69.0m84.5m80.8m

Current Assets

1.6b1.5b1.5b1.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

121.4m202.9m133.9m119.3m129.6m614.0m

Accounts Receivable

651.9m734.4m673.7m758.2m717.4m775.1m

Prepaid Expenses

77.0m73.9m70.5m90.5m89.7m77.9m

Current Assets

1.4b1.6b1.5b1.6b1.6b2.1b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

111.5m239.4m137.1m118.9m

Depreciation and Amortization

35.2m69.9m125.7m128.0m

Accounts Payable

27.3m5.6m(17.1m)1.5m

Cash From Operating Activities

265.0m284.6m220.2m289.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

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

Depreciation and Amortization

30.6m61.7m92.7m32.4m64.5m95.4m

Accounts Payable

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

Cash From Operating Activities

(60.1m)(48.5m)130.6m(119.0m)(31.4m)113.4m
USDFY, 2017

Debt/Equity

-0.2 x

Debt/Assets

0.1 x

Financial Leverage

-2.2 x

P/E Ratio

0.1
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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
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
3D/lnternational
Anaconda-Jurden Associates
Argotek
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Parsons Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Parsons Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub 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 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

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...

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.
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Parsons Blogs

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.

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 .

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

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 .

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.

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 …
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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 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.