Pulling SEC filings + quote and writing the call…

PARSONS CORP
Next earnings Aug 4, 2026 · consensus $0.77 EPS, $1.63B rev
Last earnings -3.0% on 2026-04-29
A defense/infrastructure services firm with strong secular tailwinds, but revenue just dipped and the margin is thin.
Sources: SEC EDGAR (CIK 0000275880, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 8:58:07 PM.
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Middling fundamentals and a rich price (~63% above fair value) leave little margin of safety — a wait-and-see.
Parsons is a government-focused engineering and technology-services contractor, split between national-security/defense solutions and critical-infrastructure work. After several years of rapid growth — revenue climbed from $3.66B (FY2021) to $6.75B (FY2024) — FY2025 revenue dipped 5.7% to $6.36B, a pause likely tied to the roll-off of a large program. Earnings held up better than the top line: net income rose 2.6% to $241M and diluted EPS gained 3.8% to $2.20, helped by a modest buyback. The business model is steady but structurally low-margin — a 6.6% operating margin and 3.8% net margin are typical for government services — producing a 9.1% ROE.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.66B | $4.20B | $5.44B | $6.75B | $6.36B |
| Gross profit | — | — | — | — | — |
| Operating income | $132M | $186M | $288M | $428M | $418M |
| Net income | $64.1M | $96.7M | $161M | $235M | $241M |
| Diluted EPS | $0.59 | $0.87 | $1.42 | $2.12 | $2.20 |
| Net margin | 1.8% | 2.3% | 3.0% | 3.5% | 3.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1071 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 6 open-market buys · 0 sales
| 2026-05-13 | Ball George L. Director | Buy | 10.0K @ $50.00 | $500K |
| 2026-05-12 | Holdsworth Mark Keith Director | Buy | 3.25K @ $50.70 | $165K |
| 2026-05-12 | Holdsworth Mark Keith Director | Buy | 6.75K @ $51.54 | $348K |
| 2026-05-11 | McMahon Harry T. Director | Buy | 10.0K @ $49.14 | $491K |
| 2026-05-08 | Smith Carey A. President & CEO | Buy | 12.0K @ $49.94 | $599K |
| 2026-05-08 | Smith Carey A. President & CEO | Buy | 500.00 @ $50.73 | $25.4K |
| 2026-04-14 | WAJSGRAS DAVID C Director | Award | 2.95K | |
| 2026-04-14 | Vautrinot Suzanne M Director | Award | 2.95K | |
| 2026-04-14 | Smith Robert Hanson Director | Award | 2.95K | |
| 2026-04-14 | MITCHELL M CHRISTIAN Director | Award | 2.95K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.