Parsons Corp (PSN)

Return on equity (ROE)

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
Net income (ttm) US$ in thousands 235,053 225,781 201,277 175,346 161,149 144,372 126,496 101,550 96,664 97,506 87,293 75,700 64,072 56,710 78,010 94,607 98,541 90,652 106,806 123,766
Total stockholders’ equity US$ in thousands 2,416,390 2,312,450 2,218,510 2,149,670 2,287,210 2,172,740 2,119,430 2,063,880 2,043,570 1,953,070 1,928,180 1,918,190 1,900,770 1,824,080 1,813,460 1,796,800 1,813,770 1,727,500 1,667,550 1,635,260
ROE 9.73% 9.76% 9.07% 8.16% 7.05% 6.64% 5.97% 4.92% 4.73% 4.99% 4.53% 3.95% 3.37% 3.11% 4.30% 5.27% 5.43% 5.25% 6.40% 7.57%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $235,053K ÷ $2,416,390K
= 9.73%

The return on equity (ROE) for Parsons Corp has shown a fluctuating trend over the periods provided. Starting at 7.57% as of March 31, 2020, the ROE gradually declined to 3.11% by September 30, 2021, indicating a decreasing profitability relative to shareholders' equity during that time frame.

However, from March 31, 2022, the ROE started to increase, reaching 9.73% by December 31, 2024. This upward trend signifies an improvement in the company's ability to generate profits from the shareholders' equity invested in the business.

Overall, the recent ROE figures suggest a positive momentum for Parsons Corp, with a notable uptick in profitability as of December 31, 2024. This improvement may indicate more efficient operations and better utilization of shareholder funds, potentially enhancing the company's financial performance and shareholder value.