Parsons Corporation (PSN) Stock

Parsons Corporation (PSN) is a Technology stock trading at $46.05 (as of 2026-08-20), with a market capitalization of $4.93B and a trailing P/E of 21.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Parsons Corporation provides integrated services and solutions for defense, intelligence, and critical infrastructure through two segments: Federal Solutions and Critical Infrastructure. Its offerings include cybersecurity and intelligence services, space and geospatial solutions, and missile defense and C5ISR capabilities delivered to U.S. Department of Defense and intelligence organizations such as the NGA and NRO.

Understand Parsons Corporation: how it makes money

Parsons Corporation provides integrated defense, intelligence, cyber security, and critical infrastructure solutions and services, and it earns revenue through contract work for the U.S. Department of Defense and the United States intelligence community.

Profit depends on converting its opportunity pipeline into awarded and booked government contracts, with momentum tracked by book-to-bill and contract awards.

Revenue by segment (latest quarter)
Federal Solutions$0.8B
Critical Infrastructure$0.7B

Business quality (Weak): The company is set up as a contract-driven services and platforms provider across two reportable segments, and operating momentum is best monitored through pipeline and book-to-bill, while profitability is relatively modest based on its reported operating margin.

Valuation: At 24× earnings, PSN trades 23% below the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Pipeline depth and conversion signals: Pipeline of Opportunities is 54.0 USD_B and Contract Awards are 2.0 USD_B, with an enterprise Book-to-Bill Ratio (Enterprise Basis) of 1.4.
  • Winning ability on opportunities: Win Rate is 74.0 percent (Company Win Rate is 72.0 percent), which supports the company’s ability to secure work from its opportunity pool.

Bear case

  • Segment-level timing risk: Federal Solutions Book-to-Bill Ratio (Federal Solutions Segment) is 0.8, below 1, which can indicate less near-term contract conversion pressure in that segment.
  • Modest profitability: Reported gross margin is 24.0 percent and operating margin is 6.4 percent, so execution and contract mix matter materially to earnings.
Valuation — source: SEC EDGAR (first-party)
Price$46.05
Market Cap$4.93B
P/E Ratio21.6
EV / EBITDA11.6
Price / Book1.79
Price / Sales0.78
FCF Yield8.5%
DCF Value (model)$35.05
DCF Upside vs Price-23.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$6.36B
Net Margin3.8%
Revenue Growth (YoY)-4.1%
EPS Growth (YoY)-21.0%
FCF Growth (YoY)-26.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.72 (grey)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E21.6
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
vs Sector-36.3%
vs Industry-32.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderNewport Trust Company, LLC ($2.72B)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOCarey A. Smith
Employees20,000
CountryUS
IPO Date2019-05-08

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PSN earnings history · PSN institutional & insider holders · PSN KPIs & operating metrics · PSN financials · PSN investor presentations & press releases · PSN SEC filings · PSN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.