Filing Flows › Parsons (PSN) › Q2 2026 › vs Q2 2025
Parsons (PSN) Q2 2026 vs Q2 2025 (year over year)
Parsons's revenue fell $8.5M (-0.5%) from $1.6B in Q2 2025 to $1.6B in Q2 2026. The biggest changes: Federal Solution Segment −$44.6M (-6%); Critical Infrastructure Segment +$36.1M (+5%).
Parsons, Q2 2026: revenue $1.6B (-0.5% year over year), operating margin 0.1%, net loss $465K, operating cash flow $57.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.6% | 9.5% | -6.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Critical Infrastructure Segment | $815M | $779M | $36.1M | +5% |
| Federal Solution Segment | $761M | $805M | −$44.6M | -6% |
| Revenue | $1.6B | $1.6B | −$8.5M | -0.5% |
| Net loss | $465K | −$70.5M | $71.0M | — |
| Costs & expenses | $1.6B | $1.6B | −$5.5M | -0.3% |
| Operating costs | $1.6B | $1.5B | $85.9M | +6% |
| Income tax | $4.2M | $18.7M | −$14.5M | -77% |
| Cost of revenue | $1.3B | $1.2B | $44.7M | +4% |
| SG&A | $260M | $252M | $8.1M | +3% |
| Operating cash sources | $58.0M | $89.3M | −$31.3M | -35% |
| Depreciation & amortization | $36.6M | $28.6M | $8.0M | +28% |
| Share-based compensation | $11.2M | $11.9M | −$788K | -7% |
| Working capital & other | $10.3M | $48.8M | −$38.5M | -79% |
| Net loss absorbed | $465K | −$70.5M | $71.0M | — |
| Operating cash flow | $57.6M | $160M | −$102M | -64% |
| Free cash flow (OCF − capex) | $41.5M | $150M | −$109M | -72% |
| Capital expenditures | $16.1M | $9.4M | $6.7M | +71% |
Questions
How much did Parsons's revenue grow year over year in Q2 2026?
Parsons's revenue fell $8.5M (-0.5%) from $1.6B in Q2 2025 to $1.6B in Q2 2026.
What drove Parsons's revenue change in Q2 2026?
Federal Solution Segment −$44.6M (-6%); Critical Infrastructure Segment +$36.1M (+5%).