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Parsons Corporation PSN Federal Solution — Significant Segment Expense

Other segment segments

Critical Infrastructure
$48.81M+0.5%

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Other financials

Income statement

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Revenue$1.6B-0.5%
Gross profit$295.2M-15.2%
Operating income$1.3M-98.6%
Net income-$15.2M-128%
EPS (diluted)-$0.14-128%

Balance sheet

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Cash & equivalents$266.0M-35.3%
Total debt$1.6B+10.9%
Total equity$2.6B+4.6%
Total assets$6.1B+6.7%

Cash flow

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Operating cash flow$57.6M-64.0%
CapEx$16.1M+71.0%
Free cash flow$41.5M-72.4%

Valuation

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Market cap$5.12B-36.9%
Enterprise value$6.5B-29.2%
P/E32.5×-0.2×
P/S0.8×-0.4×

Profitability

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Gross margin22%+0.5pp
Operating margin4.9%-1.4pp
Net margin2.5%-1.2pp
FCF margin4.9%-2.9pp

Returns & leverage

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Return on equity6.1%-4.3pp
Debt / equity0.6×0.0×
Current ratio1.7×0.0×

Where this comes from

Reported directly by Parsons Corporation in its filing.

Tagged under the XBRL concept psn:SignificantSegmentExpense.

The source filing: Parsons Corporation’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 6:35 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322066
Line itemThree Months Ended / Federal SolutionsThree Months Ended / Critical InfrastructureThree Months Ended / Total
Revenue$760,868$814,999$1,575,867
Direct cost of contracts(667,668)(612,961)(1,280,629)
Selling, general and administrative expenses (a)(48,908)(48,806)(97,714)
Equity in earnings (losses) of unconsolidated joint ventures1,451(35,199)(33,748)
Other segment items (b)(59,529)(77,026)(136,555)
Adjusted EBITDA attributable to Parsons Corporation$(13,786)$41,00727,221
Reconciliation: Segment Adjusted EBITDA to Net Income Attributable to Parsons Corporation
Adjusted EBITDA attributable to non-controlling interests14,999

Item 1. Financial Statements.

FAQ

What is Parsons Corporation's federal solution — significant segment expense?
Parsons Corporation (PSN) reported federal solution — significant segment expense of $48.91M in Q2 2026.
How has Parsons Corporation's federal solution — significant segment expense changed year-over-year?
Parsons Corporation's federal solution — significant segment expense increased by 13.2% year-over-year, from $43.21M to $48.91M.
What is the long-term trend for Parsons Corporation's federal solution — significant segment expense?
Over 3 years (2022 to 2025), Parsons Corporation's federal solution — significant segment expense has grown at a 15.0% compound annual growth rate (CAGR), from $117.76M to $179.03M.
What does federal solution — significant segment expense mean?
This represents material operating expenses specifically attributable to the segment that are distinct from standard cost of goods sold. It highlights the underlying cost structure required to support the segment's specialized federal and intelligence operations.

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