# Parsons Corporation (PSN)

> Source: Nexqual · https://nexqual.com/PSN · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Parsons Corporation (PSN), nexqual.com/PSN" · informational, not investment advice.

**Price:** USD 44.1 (+3.06% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 42.79 · day 43.22–44.17 · 52w 36.26–88 · market cap $4.71B · NYQ

## Key facts
- Last four reported quarters (through Mar 31, 2026): revenue $6.30B, net income $228M (3.6% margin), free cash flow $417M (SEC filings).
- Valuation: P/E 20.7x (avg 39.0x at the last 3 fiscal year-ends), EV/EBITDA 11.2x, net debt $1.23B.
- 1 of 80 tracked superinvestors hold PSN (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.07 on a 1–5 scale) (14 analysts), mean target USD 58.36 (range 50–66).
- Total return with dividends: 1Y -47.0% vs S&P 500 +18.1%; 5Y +21.9% vs S&P 500 +85.1%.
- Next earnings: 2026-10-28, EPS estimate USD 0.77, revenue estimate $1.62B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.66B | $4.20B | $5.44B | $6.75B | $6.36B | $6.30B |
| Gross profit | $853M | $947M | $1.21B | $1.41B | $1.43B | — |
| Operating income | $132M | $186M | $288M | $428M | $418M | $405M |
| Net income | $64.1M | $96.7M | $161M | $235M | $241M | $228M |
| EPS (diluted) | $0.59 | $0.87 | $1.42 | $2.12 | $2.20 | — |
| Free cash flow | $184M | $207M | $367M | $474M | $410M | $417M |
| Gross margin | 23.3% | 22.6% | 22.2% | 20.8% | 22.5% | — |
| Operating margin | 3.6% | 4.4% | 5.3% | 6.3% | 6.6% | 6.4% |
| Net margin | 1.8% | 2.3% | 3.0% | 3.5% | 3.8% | 3.6% |
| Revenue growth | -6.6% | +14.6% | +29.7% | +24.0% | -5.7% | — |
| Cash + short-term investments | $343M | $263M | $273M | $454M | $466M | — |
| Total debt | $592M | $744M | $746M | $1.25B | $1.24B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Mar 31, 2026)
P/E 20.7x · P/S 0.8x · EV/EBITDA 11.2x · EV/Sales 0.9x · P/FCF 11.3x · P/B 1.8x · FCF yield 8.85% · Earnings yield 4.84% · Buyback yield (TTM) 2.87% · Net debt $1.23B · EV $5.94B
P/E at fiscal year-ends: Dec 2025 28.1x, Dec 2024 44.0x, Dec 2023 44.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold PSN. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $9.4M | New position |

## Analysts
Consensus Buy (mean 2.07 on a 1–5 scale), 14 analysts; mean target USD 58.36 (low 50, high 66).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | TD Cowen | Target lowered | Buy | $72 → $62 |
| 2026-08-21 | Baird | Upgrade | Neutral → Outperform | $48 → $57 |
| 2026-08-03 | Goldman Sachs | Target lowered | Neutral | $69 → $60 |
| 2026-07-30 | UBS | Target lowered | Buy | $67 → $58 |
| 2026-07-30 | Citigroup | Target lowered | Buy | $66 → $53 |
| 2026-07-30 | Stifel | Target lowered | Buy | $79 → $66 |
| 2026-07-30 | Truist Securities | Target lowered | Buy | $75 → $60 |
| 2026-07-30 | Barclays | Target lowered | Overweight | $70 → $60 |
| 2026-07-01 | Citigroup | Target raised | Buy | $65 → $66 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -47.0% | +21.9% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -47.1% | +4.0% |
| Volatility (annualized) | 65.2% | 36.2% |
| Max drawdown | -53.5% (Nov 2025→Jul 2026) | -63.8% (Nov 2024→Sep 2026) |

## Peers (Information Technology Services)
CIFR (Cipher Digital Inc.) USD 10.04 -11.46% · GDS (GDS Holdings Limited) USD 25.32 -14.46% · MAAS (Maase Inc.) USD 12.61 +6.59% · SAIC (Science Applications Internatio) USD 133.31 +0.00% · EXLS (ExlService Holdings, Inc.) USD 39.1 +5.11% · G (Genpact Limited) USD 37.59 +6.73%

## More
Full page: https://nexqual.com/PSN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt