OverviewSuggest Edit

Parsons is a digitally enabled solutions provider focused on the defense, intelligence, and critical infrastructure markets. It offers cybersecurity solutions, integrated network solutions, critical asset protection, intelligent transportation systems (ITS), mission support services, smart cities solutions, building information modeling (BIM), simulation techniques, as well as engineering, advisory, and technical services. The Company serves government agencies and private industrial customers.
TypePublic
Founded1944
HQCentreville, US
Websiteparsons.com

Latest Updates

Employees (est.) (Jan 2019)15,633
Job Openings1,079
Revenue (FY, 2018)$3.6 B(+19%)
Share Price (Jan 2020)$42.8

Key People/Management at Parsons

George L. Ball

George L. Ball

Chief People Officer
Charles Harrington

Charles Harrington

CEO, Chairman
Chuck Harrington

Chuck Harrington

CEO
Debra A. Fiori

Debra A. Fiori

Chief People Officer
Virginia Grebbien

Virginia Grebbien

Chief Corporate Affairs Officer
Garold Adams

Garold Adams

President – MEA
Show more

Parsons Office Locations

Parsons has offices in Centreville, Aiken, Albuquerque, Anchorage and in 96 other locations
Centreville, US (HQ)
5875 Trinity Pkwy #300
Aiken, US
1080 Silver Bluff Rd
Albuquerque, US
6565 Americas Pkwy #200
Anchorage, US
801 B St #200
Annapolis Junction, US
10010 Junction Dr #100n
Arlington, US
1911 Fort Myer Dr #1100
Show all (106)

Parsons Financials and Metrics

Parsons Revenue

Embed Graph
View revenue for all periods
Parsons's revenue was reported to be $3.56 b in FY, 2018 which is a 18% increase from the previous period.
USD

Revenue (Q3, 2019)

1.0b

Gross profit (Q3, 2019)

224.7m

Gross profit margin (Q3, 2019), %

22%

Net income (Q3, 2019)

56.8m

EBIT (Q3, 2019)

53.4m

Market capitalization (24-Jan-2020)

4.2b

Closing stock price (24-Jan-2020)

42.8

Cash (30-Sept-2019)

133.9m

EV

4.6b
Parsons's current market capitalization is $4.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

3.0b3.0b3.6b

Revenue growth, %

(6%)(1%)18%

Cost of goods sold

2.4b2.4b2.8b

Gross profit

608.0m616.9m765.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

733.6m738.0m728.9m754.7m900.7m976.2m904.4m989.7m1.0b

Cost of goods sold

603.0m668.2m714.2m784.7m798.6m

Gross profit

151.7m232.5m190.2m205.0m224.7m

Gross profit Margin, %

20%26%21%21%22%
Annual
USDFY, 2017FY, 2018

Cash

445.2m280.2m

Accounts Receivable

1.1b623.3m

Prepaid Expenses

52.2m69.0m

Current Assets

1.6b1.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Cash

121.4m202.9m133.9m

Accounts Receivable

651.9m734.4m673.7m

Prepaid Expenses

77.0m73.9m70.5m

Current Assets

1.4b1.6b1.5b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(2.0m)111.5m239.4m

Depreciation and Amortization

42.2m35.2m69.9m

Accounts Payable

(43.2m)27.3m5.6m

Cash From Operating Activities

198.6m265.0m284.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019

Net Income

13.4m53.5m114.8m

Depreciation and Amortization

30.6m61.7m92.7m

Accounts Payable

(28.2m)(4.5m)(6.9m)

Cash From Operating Activities

(60.1m)(48.5m)130.6m
USDY, 2019

EV/EBIT

86.1 x

EV/CFO

35.2 x

EV/FCF

53.1 x

Financial Leverage

-3.4 x
Show all financial metrics

Parsons Operating Metrics

Parsons's Backlog was reported to be $8b in Q3, 2019.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017Q1, 2018Q2, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Backlog

$6.50 b$6.20 b$6 b$6.29 b$6.42 b$6.32 b$7.75 b$7.97 b$8.55 b$8.50 b$7.96 b

Backlog (Federal Solutions)

$3.08 b$3.26 b$3.16 b$4.61 b$4.49 b$5.11 b$5.03 b$4.84 b

Backlog (Critical Infrastructure)

$3.21 b$3.16 b$3.16 b$3.14 b$3.48 b$3.44 b$3.47 b$3.13 b

Book-to-bill Ratio

124%113%81%120%126%135%120%120%
Show all operating metrics

Parsons Acquisitions / Subsidiaries

Company NameDateDeal Size
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
Barry and Richardson
Show more

Parsons Revenue Breakdown

Embed Graph

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 Online and Social Media Presence

Embed Graph

Parsons News and Updates

First Project in Governor Parsons Focus on Bridges Program Opens to Traffic

Jefferson City  Just six months after the program’s launch in May, the first project in Governor Mike Parson’s Focus on Bridges program is now partially open to traffic. A new Route 72 bridge over Stouts Creek in Iron County opened to one lane of traffic this morning.read more

Carey Smith Named Parsons President and Chief Operating Officer

CENTREVILLE, Va., Nov. 12, 2019 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) announces the appointment of Carey Smith to the role of president, effective immediately. In addition to her current duties as chief operating officer, she will now be responsible for Parsons' operational...

Parsons Delivers Strong Third Quarter Results; Momentum in Core Markets

CENTREVILLE, Va., Nov. 12, 2019 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2019. CEO Commentary "We reported solid third quarter results with record revenue and adjusted EBITDA and strong cash flow," said...

Parsons Behle & Latimer Deal Closes Making Client Navajo Transitional Energy Company Third-Largest U.S. Coal Producer

FARMINGTON, N.M., Oct. 24, 2019 /PRNewswire/ -- Today, the corporate transaction that Parsons Behle & Latimer (Parsons) was instrumental in negotiating and structuring between client Navajo Transitional Energy Company LLC, (NTEC) and Cloud Peak Energy Company Inc (Cloud Peak) closed. The...

Why Billionaire Bob Parsons Says Living In the Moment Increases Productivity

GoDaddy founder and PXG CEO Bob Parsons reminisces about his infamous GoDaddy Super Bowl commercial and shares the advertising lessons he's learned since that first ad.

Why GoDaddy Founder Bob Parsons Hopes Your Business Has Problems

At the Inc. 5000 Conference in Phoenix, the billionaire serial entrepreneur shared what he's learned from running numerous companies.
Show more

Parsons Frequently Asked Questions

  • When was Parsons founded?

    Parsons was founded in 1944.

  • Who are Parsons key executives?

    Parsons's key executives are George L. Ball, Charles Harrington and Chuck Harrington.

  • How many employees does Parsons have?

    Parsons has 15,633 employees.

  • What is Parsons revenue?

    Latest Parsons annual revenue is $3.6 b.

  • What is Parsons revenue per employee?

    Latest Parsons revenue per employee is $227.8 k.

  • Who are Parsons competitors?

    Competitors of Parsons include AECOM, Bechtel and Arcadis.

  • Where is Parsons headquarters?

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

  • Where are Parsons offices?

    Parsons has offices in Centreville, Aiken, Albuquerque, Anchorage and in 96 other locations.

  • How many offices does Parsons have?

    Parsons has 106 offices.