Parsons Historical Income Statement
| PSN Stock | USD 99.39 4.09 4.29% |
Historical analysis of Parsons Corp income statement accounts such as Gross Profit of 884.8 M, Other Operating Expenses of 3.9 B, Operating Income of 173.4 M or Ebit of 185.5 M can show how well Parsons Corp performed in making a profits. Evaluating Parsons Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Parsons Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Parsons Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Parsons Corp is a good buy for the upcoming year.
Parsons |
About Parsons Income Statement Analysis
Parsons Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Parsons Corp shareholders. The income statement also shows Parsons investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Parsons Corp Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Parsons Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Parsons Corp. It is also known as Parsons Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Parsons Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Parsons Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.At this time, Parsons Corp's Income Tax Expense is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 56.7 M, while Depreciation And Amortization is likely to drop about 72.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 852.8M | 946.7M | 1.2B | 884.8M | Total Revenue | 3.7B | 4.2B | 5.4B | 4.1B |
Parsons Corp income statement Correlations
Click cells to compare fundamentals
Parsons Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parsons Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 124.6M | 128.0M | 144.2M | 120.5M | 120.0M | 72.6M | |
| Interest Expense | 23.7M | 21.0M | 17.7M | 23.2M | 31.5M | 21.5M | |
| Selling General Administrative | 781.4M | 729.1M | 757.2M | 24.4M | 36.2M | 34.3M | |
| Total Revenue | 4.0B | 3.9B | 3.7B | 4.2B | 5.4B | 4.1B | |
| Gross Profit | 831.8M | 876.9M | 852.8M | 946.7M | 1.2B | 884.8M | |
| Other Operating Expenses | 3.9B | 3.8B | 3.6B | 4.0B | 5.2B | 3.9B | |
| Operating Income | 92.1M | 177.8M | 132.4M | 185.7M | 288.4M | 173.4M | |
| Ebit | 92.1M | 182.4M | 130.3M | 189.4M | 295.6M | 185.5M | |
| Ebitda | 216.7M | 310.3M | 274.5M | 309.9M | 415.5M | 258.1M | |
| Cost Of Revenue | 3.1B | 3.0B | 2.8B | 3.2B | 4.2B | 3.2B | |
| Total Operating Expenses | 781.4M | 729.1M | 757.2M | 777.4M | 917.7M | 728.1M | |
| Income Before Tax | 67.2M | 161.4M | 112.6M | 166.2M | 264.1M | 159.4M | |
| Total Other Income Expense Net | (24.8M) | (16.4M) | (19.9M) | (19.4M) | (24.3M) | (23.1M) | |
| Net Income Applicable To Common Shares | 120.5M | 98.5M | 64.1M | 96.7M | 111.2M | 106.4M | |
| Net Income | 120.5M | 98.5M | 89.0M | 96.7M | 161.1M | 110.3M | |
| Income Tax Expense | (69.9M) | 42.5M | 23.6M | 39.7M | 56.1M | 58.9M | |
| Tax Provision | (69.9M) | 42.5M | 23.6M | 39.7M | 54.0M | 56.7M | |
| Interest Income | 22.4M | 787K | 396K | 966K | 1.9M | 1.8M | |
| Net Interest Income | (22.4M) | (20.2M) | (17.3M) | (22.2M) | (28.8M) | (30.3M) | |
| Net Income From Continuing Ops | 137.1M | 118.9M | 89.0M | 126.6M | 186.2M | 131.0M | |
| Minority Interest | 30.9M | 20.4M | 24.9M | (29.9M) | (41.8M) | (39.7M) | |
| Reconciled Depreciation | 125.7M | 128.0M | 144.2M | 120.5M | 117.0M | 116.4M |
Pair Trading with Parsons Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Parsons Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Parsons Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Parsons Stock
Moving against Parsons Stock
The ability to find closely correlated positions to Parsons Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parsons Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Parsons Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Parsons Corp to buy it.
The correlation of Parsons Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Parsons Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parsons Corp. If investors know Parsons will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parsons Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.554 | Earnings Share 0.71 | Revenue Per Share 61.431 | Quarterly Revenue Growth 0.276 | Return On Assets 0.0589 |
The market value of Parsons Corp is measured differently than its book value, which is the value of Parsons that is recorded on the company's balance sheet. Investors also form their own opinion of Parsons Corp's value that differs from its market value or its book value, called intrinsic value, which is Parsons Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parsons Corp's market value can be influenced by many factors that don't directly affect Parsons Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parsons Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parsons Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parsons Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.