Parsons Corp (PSN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 119,376 | 105,569 | 73,765 | 40,642 | 217,287 | 198,330 | 179,028 | 144,591 | 136,321 | 130,407 | 115,567 | 102,080 | 87,708 | 84,588 | 112,740 | 137,390 | 141,033 | 120,821 | 105,505 | 57,078 |
| Revenue (ttm) | US$ in thousands | 6,510,460 | 6,264,580 | 5,873,900 | 5,562,230 | 5,420,030 | 5,029,810 | 4,747,920 | 4,402,530 | 4,178,698 | 4,025,763 | 3,849,036 | 3,719,087 | 3,642,242 | 3,654,190 | 3,700,975 | 3,802,012 | 3,900,269 | 3,976,446 | 3,996,148 | 4,003,311 |
| Pretax margin | 1.83% | 1.69% | 1.26% | 0.73% | 4.01% | 3.94% | 3.77% | 3.28% | 3.26% | 3.24% | 3.00% | 2.74% | 2.41% | 2.31% | 3.05% | 3.61% | 3.62% | 3.04% | 2.64% | 1.43% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $119,376K ÷ $6,510,460K
= 1.83%
The pretax margin of Parsons Corp has shown fluctuations over the periods listed. The pretax margin started at 1.43% in March 2020 and gradually increased to a peak of 4.01% in December 2023. However, in the following periods, there was a decline, with the pretax margin dropping to 1.83% by December 2024.
The trend indicates some level of volatility in the company's profitability before stabilizing towards the end of the period. Parsons Corp should continue to monitor and manage its expenses and revenue generation strategies to maintain a healthy pretax margin and drive sustainable profitability in the future.
Peer comparison
Dec 31, 2024