Parsons Corp (PSN)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	235,053	161,149	96,664	64,072	98,541
Revenue	US$ in thousands	6,706,840	5,418,280	4,176,290	3,641,260	3,902,880
Net profit margin		3.50%	2.97%	2.31%	1.76%	2.52%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $235,053K ÷ $6,706,840K
= 3.50%

Based on the data provided, Parsons Corp's net profit margin has shown some fluctuations over the past five years. The net profit margin was 2.52% as of December 31, 2020, declining to 1.76% by December 31, 2021. However, there was a subsequent increase to 2.31% by December 31, 2022, followed by a further rise to 2.97% by December 31, 2023. The most recent figure for December 31, 2024, shows a net profit margin of 3.50%.

This trend indicates some variability in Parsons Corp's ability to convert revenue into profit over the years, with some improvements in recent periods. It is important to note that a higher net profit margin generally suggests higher profitability and efficiency in managing costs relative to revenue. Further analysis of the company's financial performance and industry trends would provide more insights into the factors driving these changes in net profit margin.