Filing Flows › Parsons (PSN) › Q3 2026 › vs Q3 2025
Parsons (PSN) Q3 2026 vs Q3 2025 (year over year)
Parsons's revenue rose $28.8M (+2%) from $1.6B in Q3 2025 to $1.7B in Q3 2026. The biggest changes: Federal Solution Segment +$15.9M (+2%); Critical Infrastructure Segment +$12.9M (+2%). Operating margin 6.3% against 6.7% (-0.4 pts).
Parsons, Q3 2026: revenue $1.7B (+2% year over year), operating margin 6.3%, net earnings $54.2M, operating cash flow $269M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.3% | 6.7% | -0.4 pts |
| Net margin | 3.3% | 4.0% | -0.7 pts |
| Free cash flow margin | 15.2% | 9.2% | +6.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Critical Infrastructure Segment | $846M | $833M | $12.9M | +2% |
| Federal Solution Segment | $805M | $789M | $15.9M | +2% |
| Revenue | $1.7B | $1.6B | $28.8M | +2% |
| Operating profit | $104M | $108M | −$4.1M | -4% |
| Costs & expenses | $1.5B | $1.5B | $32.9M | +2% |
| Pre-tax earnings | $87.9M | $97.8M | −$10.0M | -10% |
| Other expense, net | $16.0M | $10.1M | $5.8M | +58% |
| Net earnings | $54.2M | $64.1M | −$10.0M | -16% |
| Minority interests | $13.3M | $17.7M | −$4.4M | -25% |
| Income tax | $20.4M | $16.0M | $4.4M | +28% |
| Depreciation & amortization | $34.1M | $29.8M | $4.3M | +14% |
| Share-based compensation | $12.3M | $9.8M | $2.5M | +26% |
| Working capital & other | $168M | $59.1M | $109M | +185% |
| Operating cash flow | $269M | $163M | $106M | +65% |
| Free cash flow (OCF − capex) | $251M | $150M | $101M | +68% |
| Capital expenditures | $17.9M | $13.1M | $4.8M | +36% |
Questions
How much did Parsons's revenue grow year over year in Q3 2026?
Parsons's revenue rose $28.8M (+2%) from $1.6B in Q3 2025 to $1.7B in Q3 2026.
What drove Parsons's revenue change in Q3 2026?
Federal Solution Segment +$15.9M (+2%); Critical Infrastructure Segment +$12.9M (+2%).