PSN
Parsons Corporation

Parsons CorporationPSN

Technology · Information Technology Services
48.90USD
-2.86%
Nov 08, 2026
PSN overview ready
Defense electronics and systems integration for U.S. Federal and infrastructure clients
Parsons is a defense-technology and systems-integration provider rather than a drone-platform pure play.
Primary theme is lagging
Defense / Drones is lagging (+0.2pp vs SPY over 21 sessions; 13 of 25 members ahead of SPY).
An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on U.S. Federal government contracts.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 22

Conviction Level

PriceAction6.6BusinessPerformance5.0BusinessQuality7.9Valuation3.0ThemeMomentum1.0Mixed — Revenue is roughly flat year over year (+1.8%). Diluted EPS fell 14% year over year to $0.51. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+0.2pp
Theme return
−4.8%
Beating SPY
13 of 25
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

An early price trend
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$5.2B
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
-5.7%
FY2025 vs FY2024
Gross Margin
+22.2%
Trailing twelve months
Operating Margin
+4.8%
Trailing twelve months
Free Cash Flow Yield
+7.9%
Distance from 200DMA
-8.5%
P/E
35.0x
EV / EBITDA
14.0x
EV / Sales
1.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is roughly flat year over year (+1.8%). Diluted EPS fell 14% year over year to $0.51.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthFlat
+1.8%
$1.65B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. -7.5%
  2. -4.1%
  3. -0.5%
  4. +1.8%
Earnings growthDeclining
-14%
Diluted EPS $0.51 vs $0.59 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +4.1%
  2. -18%
  3. n/a
  4. -14%
Operating marginStable
6.3%
-0.4 pp YoY

Business Quality

7.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; intrinsic is the dissenting view.
Parsons Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.

Company Research

Thesis
Parsons is a defense-technology and systems-integration provider rather than a drone-platform pure play.
Opportunity
Moderate opportunity
Defense procurement for sensors, electronic-warfare systems, command-and-control integration, and related mission electronics that improve detection, tracking, decision-making, and defeat of modern aerial and other threats.
Key risk
Dependence on U.S. Federal government contracts.

Economic classification

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Business & Markets

Technology · Information Technology Services
What they do

Parsons Corporation provides design, engineering, technical services, and software solutions primarily to the U.S. Federal government and critical infrastructure customers worldwide, operating through Federal Solutions and Critical Infrastructure segments.

How it earns

Project-based contracts and service agreements with government and infrastructure clients.

Products & services
Cybersecurity and electronic warfare systems
Air and missile defense technologies
Intelligence and geospatial services
Environmental remediation
Critical infrastructure protection and mobility services
Customers & end markets
U.S. federal government
Critical infrastructure operators worldwide
Market position

Niche defense-technology and systems-integration provider focused on mission electronics and critical infrastructure services.

Demand drivers
Medium cyclicality

Dependent on government defense budgets and infrastructure spending cycles.

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