)
Parsons (PSN) investor relations material
Parsons Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record adjusted EBITDA margin of 9.6% for FY25, with 12% total and 8% organic revenue growth excluding a confidential contract.
Outperformed cash flow expectations, with 100% free cash flow conversion and record net income for Q4 and FY25.
Completed three accretive acquisitions, including Altamira Technologies, and increased share repurchases.
Secured 15 contracts over $100 million each, matching the previous year's record.
Exceeded three-year investor day targets for revenue, adjusted EBITDA, and operating cash flow.
Financial highlights
FY25 total revenue was $6.4B, down 6% year-over-year, but up 12% excluding the confidential contract; adjusted EBITDA reached $609M, up 1% with a 9.6% margin.
Q4 2025 revenue was $1.6B, with net income of $56M and adjusted EBITDA of $153M; Q4 adjusted EBITDA margin expanded 110 bps to 9.6%.
Cash flow from operations for FY25 was $478M, down 9% due to a one-time $33M 401-K payment; Q4 cash flow from operations was $168M, up 32%.
SG&A expenses for Q4 decreased 2% year-over-year; full-year SG&A increased 6% due to acquisitions and investments.
Backlog at Q4 end was $8.7B, with funded backlog at $6.4B, up 8% year-over-year.
Outlook and guidance
FY26 revenue guidance: $6.5B–$6.8B; adjusted EBITDA: $615M–$675M; operating cash flow: $470M–$530M.
At midpoint, expects 4.5% total revenue growth and 0.5% organic growth; excluding the confidential contract, 10.5% total and 6% organic growth.
Adjusted EBITDA margin expected to reach ~9.7% at midpoint.
Long-term targets: mid-single-digit or better organic growth and double-digit margins by 2028, with ≥100% free cash flow conversion.
Guidance reflects domestic budget uncertainty, competitive labor market, and government procurement risks.
Next Parsons earnings date
Next Parsons earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)