Parsons

Defense & Infrastructure · PSN

The defense and critical-infrastructure contractor whose backlog is measured in billions and whose profit is measured quarter by quarter. Contract awards are not the same thing as cash.

Market snapshot

Price data is currently unavailable.

Approx. market cap: $5.6B

Market cap is an approximate company profile figure, not a live quote.

Latest on Parsons

1 story

Featured · Money

Parsons keeps winning contracts. Keeping the profit is harder.

A $1.9 billion quarter of contract awards arrived with a $15 million net loss. The backlog is real; whether the cash behind it is has to be proven quarter by quarter.

September 14, 2026 · 6 min read