Parsons (PSN) stock price, revenue, and financials

Parsons market cap is $3.7 b, and annual revenue was $3.92 b in FY 2020

+1.35(+3.63%)

$3.7 B

PSN Mkt cap, 25-May-2022

Parsons Revenue Q2, 2021

Parsons Gross profit (Q2, 2021)199 M

Parsons Gross profit margin (Q2, 2021), %22.6%

Parsons Net income (Q2, 2021)12 M

Parsons EBIT (Q2, 2021)20.2 M

Parsons Cash, 30-Jun-2021483.4 M

Parsons EV4.1 B

Parsons revenue was $3.92 b in FY, 2020 which is a 0.9% year over year decrease from the previous period.

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

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

USD	FY, 2018	FY, 2019	FY, 2020
Revenue	3.6b	4.0b	3.9b
Revenue growth, %	18%	11%	(1%)
Cost of goods sold	2.8b	3.1b	3.0b
Gross profit	765.5m	831.8m	876.9m
Gross profit Margin, %	21%	21%	22%
General and administrative expense	634.3m	781.4m	729.1m
Operating expense total	634.3m	781.4m	729.1m
EBIT	205.0m	92.1m	177.8m
EBIT margin, %	6%	2%	5%
Interest expense	20.8m	23.7m	21.0m
Interest income	2.7m	1.3m	787.0k
Investment income	36.9m	41.7m	30.1m
Pre tax profit	259.8m	67.2m	161.4m
Income tax expense	20.4m	(69.9m)	42.5m
Net Income	222.3m	137.1m	118.9m
EPS	8.3	1.3	1.0

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Revenue	904.4m	989.7m	1.0b	971.0m	979.5m	1.0b	874.7m	879.4m
Cost of goods sold	714.2m	784.7m	798.6m	769.6m	749.3m	788.8m	669.1m	680.3m
Gross profit	190.2m	205.0m	224.7m	201.4m	230.1m	215.5m	205.6m	199.0m
Gross profit Margin, %	21%	21%	22%	21%	23%	21%	24%	23%
General and administrative expense	177.5m	225.4m	178.6m	183.8m	187.6m	165.9m	187.5m	188.2m
Operating expense total	177.5m	225.4m	178.6m	183.8m	187.6m	165.9m	187.5m	188.2m
EBIT	23.0m	(8.7m)	53.4m	23.7m	46.3m	66.3m	25.6m	20.2m
EBIT margin, %	3%	(1%)	5%	2%	5%	7%	3%	2%
Interest expense	8.3m	6.4m	4.9m	4.0m	4.2m	5.5m	4.5m	4.9m
Interest income	477.0k	225.0k	427.0k	228.0k	196.0k	88.0k	98.0k	152.0k
Investment income	10.4m	11.6m	29.3m	6.1m	3.8m	16.7m	7.5m	9.4m
Pre tax profit	15.3m	(13.4m)	45.8m	19.5m	43.0m	62.5m	19.4m	15.9m
Income tax expense	(1.9m)	(53.5m)	(15.5m)	5.1m	11.9m	16.0m	5.4m	3.8m
Net Income	13.4m	40.1m	56.8m	14.4m	31.1m	46.5m	14.0m	12.0m
EPS	0.1	0.4	0.6	0.1	0.2	0.4	0.1	0.1

USD	FY, 2018	FY, 2019	FY, 2020
Cash	280.2m	182.7m	483.6m
Accounts Receivable	623.3m	671.5m	698.6m
Prepaid Expenses	69.0m	84.5m	80.8m
Current Assets	1.5b	1.5b	1.8b
PP&E	91.8m	122.8m	121.0m
Goodwill		1.0b	1.3b
Total Assets	2.6b	3.5b	3.9b
Accounts Payable	226.3m	216.6m	225.7m
Short-term debt		50.0m	104.1m
Current Liabilities	1.0b	1.1b	1.2b
Long-term debt	429.2m	453.0m	722.5m
Total Debt	429.2m	503.0m	826.6m
Total Liabilities	3.5b	1.8b	2.1b
Common Stock		146.4m	146.6m
Additional Paid-in Capital		2.6b	2.7b
Retained Earnings	12.4m	(218.0m)	(120.6m)
Total Equity	(921.1m)	1.7b	1.9b
Debt to Equity Ratio	-0.5 x	0.3 x	0.4 x
Debt to Assets Ratio	0.2 x	0.1 x	0.2 x
Financial Leverage	-2.8 x	2.1 x	2.1 x

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021
Cash	121.4m	202.9m	133.9m	119.3m	129.6m	614.0m	398.2m	483.4m
Accounts Receivable	651.9m	734.4m	673.7m	758.2m	717.4m	775.1m	693.6m	638.0m
Prepaid Expenses	77.0m	73.9m	70.5m	90.5m	89.7m	77.9m	101.5m	103.6m
Current Assets	1.4b	1.6b	1.5b	1.6b	1.6b	2.1b	1.8b	1.8b
PP&E	97.3m	100.9m	109.2m	124.6m	124.8m	121.5m	115.5m	110.6m
Goodwill	921.1m	922.4m	1.1b	1.0b	1.0b	1.0b	1.3b	1.3b
Total Assets	3.0b	3.3b	3.4b	3.5b	3.5b	3.9b	3.9b	3.8b
Accounts Payable	203.7m	227.7m	226.6m	235.4m	209.9m	208.3m	219.2m	191.7m
Short-term debt	53.0m	51.7m	49.1m	47.2m	47.6m	98.7m	104.1m	104.0m
Current Liabilities	1.2b	1.1b	1.2b	1.2b	1.1b	1.2b	1.1b	1.1b
Long-term debt	690.5m	427.8m	437.9m	521.2m	450.9m	726.4m	765.9m	755.6m
Total Debt	743.5m	479.5m	487.0m	568.4m	498.6m	825.1m	870.0m	859.6m
Total Liabilities	3.9b	1.7b	1.8b	1.8b	1.7b	2.1b	2.0b	2.0b
Common Stock		21.3m	21.3m	146.4m	146.5m	146.5m	146.7m	146.8m
Additional Paid-in Capital			8.8m	2.7b	2.7b	2.7b	2.7b	2.7b
Retained Earnings	75.8m	(424.9m)	(64.9m)	(206.1m)	(182.8m)	(142.1m)	(108.7m)	(102.0m)
Total Equity	(870.6m)	(1.3b)	(982.6m)	1.7b	1.7b	1.8b	1.8b	1.9b
Debt to Equity Ratio	-0.9 x	-0.4 x	-0.5 x	0.3 x	0.3 x	0.5 x	0.5 x	0.5 x
Debt to Assets Ratio	0.2 x	0.1 x	0.1 x	0.2 x	0.1 x	0.2 x	0.2 x	0.2 x
Financial Leverage	-3.5 x	-2.4 x	-3.4 x	2.1 x	2 x	2.2 x	2.1 x	2.1 x

USD	FY, 2018	FY, 2019	FY, 2020
Net Income	239.4m	137.1m	118.9m
Depreciation and Amortization	69.9m	125.7m	128.0m
Accounts Receivable	461.3m	(30.2m)	(8.6m)
Accounts Payable	5.6m	(17.1m)	1.5m
Cash From Operating Activities	284.6m	220.2m	289.2m
Purchases of PP&E	(29.3m)	(67.6m)	(34.0m)
Cash From Investing Activities	(503.3m)	(570.8m)	(346.4m)
Long-term Borrowings	(80.5m)	(777.2m)	(212.9m)
Dividends Paid		(52.1m)	(5.8m)
Cash From Financing Activities	55.4m	266.0m	348.2m
Net Change in Cash	(164.9m)	(85.8m)	291.8m
Interest Paid	16.8m	23.3m	14.2m
Income Taxes Paid	17.1m	60.5m	55.4m

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 Receivable	(17.1m)	(97.4m)	(31.7m)	(91.7m)	(49.6m)	(106.5m)	2.6m	58.1m
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
Purchases of PP&E	(11.0m)	(26.0m)	(44.0m)	(12.6m)	(22.9m)	(29.2m)	(4.4m)	(9.2m)
Cash From Investing Activities	(301.1m)	(312.2m)	(541.7m)	(12.2m)	(25.8m)	(36.1m)	(11.0m)	(19.8m)
Long-term Borrowings	(60.0m)	(530.0m)	(710.0m)	(66.5m)	(180.6m)	(212.9m)
Dividends Paid		(52.1m)	(52.1m)	(360.0k)	(1.6m)	(4.5m)	(9.0m)	(21.8m)
Cash From Financing Activities	210.6m	291.5m	277.3m	63.7m	(847.0k)	345.1m	11.2m	(22.3m)
Net Change in Cash	(150.7m)	(69.8m)	(134.7m)	(68.7m)	(58.8m)	422.4m	(87.8m)	(2.6m)

Parsons's Backlog was reported to be $7.7b in Q2, 2020. Parsons's Customers was reported to be 1.8 k in FY, 2019.

	FY, 2017	Feb, 2018	Q1, 2018	Q2, 2018	Nov, 2018	FY, 2018	Q1, 2019	May, 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%
Countries											30
Facilities											238
Customers											1.8 k
Locations						202
Patents and Patent Applications		23			23			23
Trademarks					31			31