Parsons Corp
F:59P
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
P
|
Parsons Corp
F:59P
|
US |
|
Columbia Banking System Inc
NASDAQ:COLB
|
US |
|
D
|
Dr Reddy's Laboratories Ltd
BSE:500124
|
IN |
|
S
|
Steadfast Group Ltd
F:1S6
|
AU |
|
R
|
Revo Insurance SpA
MIL:REVO
|
IT |
|
K
|
Kennametal Inc
XBER:KM3
|
US |
|
Lufax Holding Ltd
F:6V3
|
CN |
|
C
|
Commonwealth Bank of Australia
SWB:CWW
|
AU |
Parsons Corp
Parsons Corp helps governments and large organizations plan, design, and deliver complex infrastructure and national security projects. It works on things like transportation systems, water and environmental projects, cybersecurity, missile defense, and intelligence work. The company is not a contractor that just builds one thing; it often acts as the technical lead that turns a customer’s requirements into a finished system or program. Its main customers are U.S. federal agencies, state and local governments, and some commercial clients with demanding technical needs. Parsons makes money by winning contracts and then charging for engineering, consulting, program management, and systems integration work. Some jobs are long-term service agreements, while others are tied to specific projects or milestones. What makes Parsons different is that it sits close to the hardest parts of public-sector projects: the planning, software, engineering, and management needed to make large systems work. That gives it a role between the owner of a project and the companies that physically build it, which can make it valuable on jobs where safety, security, and technical precision matter more than simple construction.
Parsons Corp helps governments and large organizations plan, design, and deliver complex infrastructure and national security projects. It works on things like transportation systems, water and environmental projects, cybersecurity, missile defense, and intelligence work. The company is not a contractor that just builds one thing; it often acts as the technical lead that turns a customer’s requirements into a finished system or program.
Its main customers are U.S. federal agencies, state and local governments, and some commercial clients with demanding technical needs. Parsons makes money by winning contracts and then charging for engineering, consulting, program management, and systems integration work. Some jobs are long-term service agreements, while others are tied to specific projects or milestones.
What makes Parsons different is that it sits close to the hardest parts of public-sector projects: the planning, software, engineering, and management needed to make large systems work. That gives it a role between the owner of a project and the companies that physically build it, which can make it valuable on jobs where safety, security, and technical precision matter more than simple construction.
Strong quarter: Parsons reported 8% total revenue growth, record adjusted EBITDA margin of 10.1%, and record first-quarter cash flow, while reaffirming full-year 2026 guidance.
Bookings surge: Contract awards rose 17% year over year to $2 billion, driving a 1.4x book-to-bill in both segments and record total and funded backlog of $9.3 billion and $6.6 billion.
Middle East resilient: Management said the regional conflict has not yet disrupted funding or awards, and reiterated 8.5% organic growth for the Middle East for the year.
Defense tailwind: Parsons highlighted growing demand tied to U.S. defense budgets, including missile defense, cyber, space, counter-UAS, and munitions-related programs.
M&A active: The company closed Altamira in the quarter and said M&A remains its top capital deployment priority, with 2 to 4 deals expected in 2026.
Second-half weighted: Management lowered second-quarter expectations due mainly to timing of awards and Middle East phasing, but still expects a stronger second half as recent wins ramp.
