NYSE$PSN
Parsons Corporation · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Parsons reported Q4 2025 revenue of $1.6B with record adjusted EBITDA of $153M.
Q4 revenue decreased 8% to $1.6 billion (-10% organic) but rose 11% excluding a confidential contract. Net income increased 3% to $56 million (record Q4). Adjusted EBITDA grew 5% to a record $153 million with margin of 9.6%. FY adjusted EBITDA was $609 million (+1%).
- Q4 revenue $1.6B; net income $56M.
- Record Q4 adj. EBITDA $153M (9.6% margin).
- 15 contracts >$100M won in FY.
- FY adj. EBITDA $609M record.
Headline financials
Revenue & EPS history
Parsons · Revenue · Quarterly
$1.6B
Forward guidance
FY 2026 guidance and long-term targets established; federal macro dynamic but diversified portfolio resilient.
Tailwinds
- Double-digit growth ex-confidential contract.
- Strong hiring and retention; ENR #1 program manager.
- Accretive acquisitions and buybacks.
Headwinds
- Headline revenue down on confidential contract roll-off.
- Federal budget uncertainty.
- Book-to-bill 0.9x in Q4.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+3.5%
Avg return
30 days after
48%
16 / 33 earnings
Positive
+14.7%
Q2 2024
Best reaction
-14.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -3.6% | +14.1% | |
| Q4 2025 | -14.2% | -9.7% | -21.7% | |
| Q3 2025 | +4.2% | +7.9% | -16.2% | |
| Q1 2025 | -2.6% | -11.1% | -5.6% | |
| Q4 2024 | -11.5% | -20.1% | -19.7% | |
| Q3 2024 | +3.0% | +4.4% | -8.7% | |
| Q2 2024 | +14.7% | +15.5% | +23.7% | |
| Q1 2024 | -1.5% | +1.4% | -3.0% | |
| Q4 2023 | +10.3% | +11.0% | +20.9% | |
| Q3 2023 | +7.8% | +9.0% | +12.3% | |
| Q2 2023 | +9.0% | +10.2% | +15.5% | |
| Q1 2023 | +3.3% | +3.0% | +7.5% | |
| Q4 2022 | -3.2% | -1.7% | -10.4% | |
| Q3 2022 | +2.2% | +5.9% | +5.7% | |
| Q2 2022 | -2.5% | -3.1% | -4.7% | |
| Q1 2022 | +2.7% | -4.4% | +10.5% | |
| Q4 2021 | +0.5% | +4.7% | +16.8% | |
| Q3 2021 | +3.7% | +6.3% | -4.5% | |
| Q2 2021 | -11.9% | -8.4% | -5.1% | |
| Q1 2021 | -3.0% | -2.1% | -6.9% | |
| Q4 2020 | -8.9% | -11.2% | -1.6% | |
| Q3 2020 | -8.9% | -6.2% | +5.4% | |
| Q2 2020 | -0.4% | +0.5% | -2.0% | |
| Q1 2020 | +0.5% | +5.2% | +12.5% | |
| Q1 2018 | -3.8% | -12.6% | +7.3% | |
| Q2 2018 | -3.8% | -12.6% | +7.3% | |
| Q4 2019 | -3.8% | -12.6% | +7.3% | |
| Q4 2017 | -3.8% | -12.6% | +7.3% | |
| Q3 2018 | +1.3% | +3.2% | +12.2% | |
| Q3 2019 | +1.3% | +3.2% | +12.2% | |
| Q2 2019 | -5.7% | -5.7% | -2.7% | |
| Q1 2019 | +11.4% | +21.2% | +15.7% | |
| Q4 2018 | +11.4% | +21.2% | +15.7% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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