Parsons Corp (PSN)

Pretax margin

		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	Dec 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	50,648
Revenue (ttm)	US$ in thousands	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	3,932,510
Pretax margin		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%	1.29%

September 30, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $105,569K ÷ $6,264,580K
= 1.69%

The pretax margin of Parsons Corp has shown varying levels over the past several quarters. In the most recent quarter (September 30, 2024), the pretax margin was 1.69%, representing a slight increase compared to the previous quarter. However, when comparing to the same quarter in the previous year (September 30, 2023), there has been a decrease in the pretax margin.

Looking at the trend over the past few quarters, the pretax margin has generally fluctuated within a range, with some quarters showing higher margins (such as December 2023 and December 2022) and others showing lower margins (such as March 2022 and March 2021). Overall, the pretax margin has not shown a consistent upward or downward trend, indicating some variability in the company's profitability before taxes.

Further analysis would be needed to understand the factors contributing to these fluctuations in the pretax margin and to assess the company's overall financial performance and efficiency in generating profits.