Parsons Corporation announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. For Q4 2025, revenue decreased by 8% year-over-year to $1.6 billion, while net income increased by 3% to $56 million, marking a fourth-quarter record. Adjusted EBITDA rose by 5% to $153 million, with an adjusted EBITDA margin of 9.6%.

Parsons saw a 10% decline in Q3 2025 revenue primarily due to the loss of a confidential contract in Federal Solutions. However, adjusted EBITDA margin improved, and Critical Infrastructure achieved double-digit revenue and profit growth. The company maintained its adjusted EBITDA and cash flow guidance.

Parsons Corporation delivered a strong second quarter in 2025, with total revenue of $1.6 billion, despite a 5% year-over-year decrease. Excluding a confidential contract, revenue grew by 13%. The company achieved a net income of $55 million and an adjusted EBITDA of $149 million, with an expanded adjusted EBITDA margin of 9.4%. Parsons maintained a book-to-bill ratio of 1.0x and increased its total backlog to $8.9 billion, with 70% funded, the highest level since its IPO. The company also increased its fiscal year 2025 guidance for revenue, adjusted EBITDA, and cash flow from operations.

Parsons reported record first quarter 2025 results, including record revenue of $1.6 billion, a 1% increase year-over-year, and record net income of $66 million, a 67% increase. Diluted EPS increased to $0.60, and Adjusted EBITDA rose 5% to $149 million with a margin of 9.6%. The company achieved a strong book-to-bill ratio of 1.1x and a record total backlog of $9.1 billion, while reiterating its fiscal year 2025 guidance.

Parsons Corporation posted strong Q4 2024 results with 16% revenue growth, reaching $1.73 billion. Net income rose 21% to $54.18 million, while adjusted EBITDA increased 14% to $147 million. The company achieved strong contract awards and maintained a book-to-bill ratio of 1.0x, positioning itself for continued growth in 2025.