Parsons Corp (PSN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 161,149 | 96,664 | 64,072 | 98,541 | 120,534 |
| Revenue | US$ in thousands | 5,418,280 | 4,176,290 | 3,641,260 | 3,902,880 | 3,930,490 |
| Net profit margin | 2.97% | 2.31% | 1.76% | 2.52% | 3.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $161,149K ÷ $5,418,280K
= 2.97%
The net profit margin of Parsons Corp has shown variability over the past five years. In 2023, the net profit margin increased to 2.97%, representing an improvement compared to the prior year. However, this level is still lower than the margins recorded in 2019 and 2020, which were 3.07% and 2.52%, respectively. The net profit margin in 2021 was the lowest at 1.76%, indicating a decrease in profitability during that period.
Overall, the trend in net profit margin for Parsons Corp appears somewhat inconsistent, with fluctuations observed between the years. It is important for the company to closely monitor and manage its expenses and revenue generation to sustain and improve profitability in the future.
Peer comparison
Dec 31, 2023