On this page of StockholderLetter.com we present the latest annual shareholder letter from PARSONS CORP — ticker symbol PSN. Reading current and past PSN letters to shareholders can bring important insights into the investment thesis.
Annual Report 2025
FINANCIAL HIGHLIGHTS D XQLTXH V\QHUJLVWLF EDODQFHG DQG GLYHUVH SRUWIROLR WKDW provides resiliency in a dynamic macroenvironment. As a company that thrives on agility and speed, we deliver operationally relevant solutions for our national security and JOREDO LQIUDVWUXFWXUH FXVWRPHUV PRVW FRPSOH[ PLVVLRQV Parsons Corporation enjoys a strong and differentiated SRVLWLRQ LQ VL[ JURZLQJ HQGXULQJ DQG SUR WDEOH HQG PDUNHWV F\EHU DQG HOHFWURQLF ZDUIDUH VSDFH DQG PLVVLOH defense, critical infrastructure protection, transportation, ZDWHU DQG HQYLURQPHQW DQG XUEDQ GHYHORSPHQW :H KDYH Compound Annual Growth Rates: Fiscal Years 2022 2025 FY23 FY25 FY25 Millions FY24 300 150 0 FY22 FY23 $478M FY23 FY23 FY24 FY25 26% 450 $524M FY22 $609M 0 $605M 400 $465M 600 200 600 20% $353M Millions 800 FY22 Cash Flow $408M Adjusted EBITDA 0 $5,997M FY24 2,000 $6,372M FY22 4,000 $7,039M 0 14% 6,000 $4,275M 50 Millions 100 $241M 150 $97M FY25 Millions FY24 8,000 $238M FY23 Contract Awards 36% 200 $235M FY22 $6,364M 0 $6,751M 2,000 $5,443M 4,000 250 15% 6,000 $4,195M Millions 8,000 Net Income Attributable To Parsons $161M Total Revenue FY24 FY25 March 2023 Investor Day Financial Targets For 2023 2025 Total Revenue 2022 Actuals High End Of 2025 Investor Day Targets* 2025 Actuals 0 0 $6,364M 0 0 $609M 8.4% 9.3% 9.6% 0 0 $478M Three-Year Highlights &$*5 RI WRWDO UHYHQXH JURZWK DQG RUJDQLF JURZWK of 10% ([FOXGLQJ FRQ GHQWLDO FRQWUDFW &$*5 RI IRU WRWDO revenue growth and 9% organic growth Adjusted EBITDA Adjusted EBITDA Margin Cash Flow From Operations &$*5 IURP EDVLV SRLQWV RI PDUJLQ H[SDQVLRQ &$*5 IURP ,QYHVWRU 'D\ 7DUJHWV HVWDEOLVKHG RQ 0DUFK :H DUH IRFXVHG RQ PD[LPL]LQJ VKDUHKROGHU YDOXH RYHU the long term. During our March 2023 Investor Day, we HVWDEOLVKHG WKUHH \HDU QDQFLDO WDUJHWV )URP WKURXJK 2025, Parsons exceeded the high end of all the metrics WRWDO UHYHQXH DGMXVWHG (%,7'$ DQG RSHUDWLQJ FDVK RZ E\ DW OHDVW 'XULQJ WKLV WKUHH \HDU SHULRG ZH LQFUHDVHG WRWDO UHYHQXH E\ RU PRUH WKDQ ELOOLRQ 7KLV HTXDWHV WR D WKUHH \HDU FRPSRXQG DQQXDO RUJDQLF UHYHQXH JURZWK UDWH RI ([FOXGLQJ WKH FRQ GHQWLDO FRQWUDFW RXU WKUHH year compound annual growth rate was 9% on an organic EDVLV QHDUO\ GRXEOH RXU ,QYHVWRU 'D\ WDUJHW 2YHU WKLV VDPH WKUHH \HDU SHULRG ZH H[SDQGHG PDUJLQV E\ EDVLV SRLQWV UHVXOWLQJ LQ DGMXVWHG (%,7'$ FRPSRXQG JURZWK UDWH RI $GGLWLRQDOO\ FDVK RZ IURP RSHUDWLRQV JUHZ DW D FRPSRXQG DQQXDO JURZWK UDWH *LYHQ RXU VWURQJ operating performance over the last three years, we were DEOH WR UHGXFH RXU QHW GHEW OHYHUDJH UDWLR IURP WLPHV WR WLPHV ZKLOH GHSOR\LQJ RYHU ELOOLRQ RQ HLJKW VWUDWHJLF DFTXLVLWLRQV FDSLWDO H[SHQGLWXUHV IRFXVHG RQ JURZWK DQG HI FLHQF\ DQG VKDUH UHSXUFKDVHV
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 • shareholder letter icon 4/6/2026 Letter Continued (Full PDF)
 • stockholder letter icon 3/6/2023 PSN Stockholder Letter
 • stockholder letter icon 3/5/2024 PSN Stockholder Letter
 • stockholder letter icon More "Information Technology Services" Category Stockholder Letters
 • Benford's Law Stocks icon PSN Benford's Law Stock Score = 90


PSN Shareholder/Stockholder Letter Transcript:

Annual Report 2025

FINANCIAL HIGHLIGHTS
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provides resiliency in a dynamic macroenvironment. As
a company that thrives on agility and speed, we deliver
operationally relevant solutions for our national security and
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Parsons Corporation enjoys a strong and differentiated
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defense, critical infrastructure protection, transportation,
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Compound Annual Growth Rates: Fiscal Years 2022   2025
FY23
FY25
FY25
Millions
FY24
300
150
0
FY22
FY23
$478M
FY23
FY23 FY24
FY25
26%
450
$524M
FY22
$609M
0
$605M
400
$465M
600
200
600
20%
$353M
Millions
800
FY22
Cash Flow
$408M
Adjusted EBITDA
0
$5,997M
FY24
2,000
$6,372M
FY22
4,000
$7,039M
0
14%
6,000
$4,275M
50
Millions
100
$241M
150
$97M
FY25
Millions
FY24
8,000
$238M
FY23
Contract Awards
36%
200
$235M
FY22
$6,364M
0
$6,751M
2,000
$5,443M
4,000
250
15%
6,000
$4,195M
Millions
8,000
Net Income Attributable To Parsons
$161M
Total Revenue
FY24
FY25
March 2023 Investor Day Financial Targets For 2023   2025
Total Revenue
2022 Actuals
High End Of 2025
Investor Day Targets*
2025 Actuals
      0
      0
$6,364M
    0
    0
$609M
8.4%
9.3%
9.6%
    0
    0
$478M
Three-Year Highlights
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revenue growth and 9% organic growth
Adjusted EBITDA
Adjusted EBITDA Margin
Cash Flow From Operations
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the long term. During our March 2023 Investor Day, we
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2025, Parsons exceeded the high end of all the metrics   
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year compound annual growth rate was 9% on an organic
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operating performance over the last three years, we were
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shareholder letter icon 4/6/2026 Letter Continued (Full PDF)
 

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