Filing Flows › Parsons (PSN) › Q4 2025
Parsons (PSN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Parsons (PSN) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -1% from the quarter before. Operating margin was 6.6%, net earnings $55.6M (3.5% of revenue).
Parsons, Q4 2025: revenue $1.6B (-8% year over year), operating margin 6.6%, net earnings $55.6M, operating cash flow $168M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -1% | -8% |
| Operating profit | $105M | -3% | +5% |
| Net earnings | $55.6M | -13% | +3% |
| Operating cash flow | $168M | +3% | +32% |
| Free cash flow | $136M | -9% | +26% |
What changed
Revenue was $1.6B in Q4 2025, down 8% year over year and down 1% from the previous quarter. Critical Infrastructure Segment was the largest line at 51% of revenue.
Operating profit was $0.11B, a 6.6% margin (up 0.8 points year over year). Total costs fell 8% while revenue fell 8%. Net earnings were $0.06B, up 3% year over year. The effective tax rate was 21.1%.
Operating cash flow was $0.17B (up 32% year over year), 224% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.03B left free cash flow of $0.14B.
Questions
What was Parsons' revenue in the fourth quarter 2025?
Parsons (PSN) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), -8% from a year earlier and -1% from the quarter before.
Was Parsons profitable in the fourth quarter 2025?
Operating profit was $105M (6.6% of revenue) and net earnings $55.6M.
Source: Parsons 10-K on SEC EDGAR.