9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 10.2% per year over the past 5 years.
Net income has grown faster than revenue (19.6% vs 10.2% per year).
Operating margin has expanded, at 6.6% in the latest year.
Free cash flow has grown 10.0% per year over the past 5 years.
Financial health
Total debt ($1.2B) exceeds cash ($466M); net debt is $771M.
Total debt has grown faster than revenue (16.0% vs 10.2% per year).
Operating income covered interest expense 8.1× in the latest year, down from 8.5× 5 years ago.
Total debt is 2.3× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$6.4B
$241M
22.5%
6.6%
$410M
$1.2B
$466M
2024
$6.8B
$235M
20.8%
6.3%
$474M
$1.2B
$454M
2023
$5.4B
$161M
22.2%
5.3%
$367M
$746M
$273M
2022
$4.2B
$97M
22.6%
4.4%
$207M
$744M
$263M
2021
$3.7B
$64M
23.3%
3.6%
$184M
$592M
$343M
2020
$3.9B
$99M
22.4%
4.5%
$255M
$590M
$484M
2019
$4.0B
$121M
21.0%
2.3%
$153M
$249M
$183M
2018
$3.6B
$222M
21.5%
5.8%
$255M
$429M
$280M
2017
$3.0B
$97M
20.4%
5.0%
$237M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.5B
$53M
24.0%
6.4%
-$19M
$1.5B
$284M
Dec '25
$1.6B
$56M
23.0%
6.6%
$136M
$1.2B
$466M
Sep '25
$1.6B
$64M
22.2%
6.7%
$150M
$1.2B
$423M
Jun '25
$1.6B
$55M
22.0%
6.0%
$150M
$1.3B
$411M
Mar '25
$1.6B
$66M
22.8%
7.0%
-$25M
$1.2B
$270M
Dec '24
$1.7B
$54M
21.3%
5.8%
$108M
$1.2B
$454M
Sep '24
$1.8B
$72M
19.9%
6.4%
$287M
$1.2B
$559M
Jun '24
$1.7B
$69M
21.0%
6.7%
$152M
$1.2B
$528M
Mar '24
$1.5B
$40M
21.2%
6.6%
-$73M
$1.2B
$423M
Dec '23
$1.5B
$45M
24.6%
5.2%
$181M
$746M
$273M
Sep '23
$1.4B
$47M
20.7%
5.9%
$191M
$820M
$205M
Jun '23
$1.4B
$43M
21.3%
5.6%
$13M
$745M
$179M
Mar '23
$1.2B
$26M
21.8%
4.4%
-$17M
$744M
$220M
Dec '22
$1.1B
$28M
22.0%
4.8%
$78M
$744M
$263M
Sep '22
$1.1B
$30M
23.1%
5.6%
$117M
$695M
$148M
Jun '22
$1.0B
$18M
22.5%
3.2%
$42M
$793M
$126M
Mar '22
$949M
$21M
22.7%
3.8%
-$30M
$592M
$286M
Dec '21
$951M
$29M
23.9%
4.9%
$82M
$592M
$343M
Sep '21
$956M
$19M
23.2%
4.2%
$74M
$591M
$276M
Jun '21
$879M
$7M
22.6%
2.3%
$100M
$641M
$483M
Valuation over time
How the market has priced PSN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 49.5× (Mar '23) to 20.9× (Jun '26).
The price-to-sales ratio has fallen from 1.1× (Mar '23) to 0.8× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PSN growing its revenue and profit?
Over the past 5 years, Parsons Corp's revenue has grown 10.2% per year, and net income grown 19.6% per year. These are computed facts, not advice.
How much debt does PSN have?
As of FY2025, Parsons Corp reported $1.2B of total debt against $466M of cash; operating income covered interest expense 8.1×.
What is PSN's profit margin?
In FY2025, gross margin was 22.5%, operating margin 6.6%, and net margin 3.8%.
What is PSN's P/E ratio?
As of Jun '26, Parsons Corp traded at a price-to-earnings ratio of about 20.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.