Parsons Corporation Receivables Turnover Ratio (PSN), from the first quarter 2026 to the first quarter 2025 current and historic results, rankings and more - CSIMarket
Parsons Accounts Receivables Turnover Ratio from the first quarter 2026 to the first quarter 2025
Quarterly Results, Trends, Rankings, Statistics
Parsons Corporation's ability to collect accounts receivable sequentially worsen to 5.46, indicating more challenging environment then in the fourth quarter 2025, but still, it is a far cry from any concerns. Parsons's Accounts Receivable average collection period in the Mar 31 2026 quarter, has increased to 67 days, from 66 days, in the Dec 31 2025 quarter.
If we take a look into Technology sector 99 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2026 from 726 to 788.
Parsons Corporation Secures $24 Million Contract for Naval Biodefense Research Amidst Significant Revenue Growth On April 7, 2025, Parsons Corporation (NYSE: PSN) announced a landmark achievement in its commitment to national defense and public health security. The company has been awarded a substantial $24 million contract by the Naval Medical Research Command (NMRC) aimed at advancing biological defense research. This contract not only underscores Parsons’ strategic focus on biodefense initiatives but also comes at a time of impressive financial performance, showcasing robust revenue growth that positions the company above its competitors in the defense sector. Breaking Down the NMRC ContractThe contract secured by Parsons encompasses a base period of one year, supplemented by four additional option periods, an arrangement that signifies the NMRC s ongoing commitment to addressing the potential threats posed by biological and chemical warfare. Given the increasing global risks associated with bioterrorism and pandemics, this initiative is pivotal for enhancing the United States’ capabilities in biological defense.
In a significant advancement for defence technology, Parsons Corporation successfully conducted its first-of-a-kind threat environment demonstration, showcasing a convergence of autonomous systems and threat emulation capabilities. This milestone event marks a pivotal moment for the defence and security sector, underscoring Parsons commitment to innovation and the future of autonomous operations in complex environments.The demonstration was designed to simulate various threat scenarios, allowing for the evaluation and enhancement of autonomous systems in real-time conditions. This initiative not only highlights Parsons technological prowess but also positions the company at the forefront of evolving security challenges.
In a pivotal stride towards enhancing energy resilience and sustainability in Puerto Rico, Parsons Corporation has been awarded a noteworthy contract by the U.S. Army Corps of Engineers (USACE). Announced on December 18, 2024, this $20 million contract pertains to the LTC Hernan G. Pesquera Army Reserve Center Microgrid and underscores Parsons commitment to advancing renewable energy infrastructure in the region.The project, which consists of a 610-day period of performance, aims to bolster energy independence and operational sustainability for the facilities serving the Army Reserve Center. By integrating microgrid technology, Parsons is positioned to fundamentally improve the energy landscape in Puerto Rico, particularly in an era where resilience against natural disasters and fluctuating energy prices is paramount. While Parsons celebrates this contract win, it comes at a time when the broader economic landscape presents challenges. Recent reports indicate that revenues from Parsons’ suppliers have seen a slight deterioration of 0.51% compared to the same quarter in the previous year. Furthermore, sales have fallen sequentially by 1.66%. In a parallel development, Parsons itself has experienced a significant uptick in cost of sales, reporting a staggering year-on-year increase of 28.95%. This rise in costs has also shown a sequential growth of 9.92% in the third quarter. Such economic pressures highlight the intricacies facing the construction and engineering sector, notably amid heightened demand for sustainable projects like the microgrid initiative.
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