Parsons Quick Ratio (PSN) starting from the first quarter 2026 to first quarter 2025, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
PSN's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth
Regardless of the sequential decrease in Current Liabilities, during the first quarter 2026, Quick Ratio deteriorated to 0.19 below Parsons's average Quick Ratio.
Within Cloud Computing & Data Analytics industry 37 other companies have achieved higher Quick Ratio than Parsons in first quarter 2026. While Quick Ratio total ranking has improved so far during the Q1 2026 to 1762, from total ranking in the fourth quarter 2025 at 1805.
In an era marked by geopolitical tensions and heightened military readiness, Parsons Corporation (NYSE: PSN) is positioning itself as a crucial player in U.S. defense strategy with its latest contract win. The companyns recent announcement of securing a $68.5 million design-bid-build contract for housing units in the Kwajalein Atoll, under the U.S. Army Corps of Engineers (USACE) Honolulu District, highlights a significant commitment to strengthening U.S. military infrastructure in the Indo-Pacific region.
Project Overview The three-year contract not only signifies Parsons’ growing footprint in defense-related construction projects but also underlines the strategic importance of the Kwajalein Atoll within U.S. military operations. Located in the Republic of the Marshall Islands, Kwajalein serves as a critical hub for missile defense testing and logistics in the region. This contract is a vital enhancement not just to service existing military personnel but also to support broader strategic initiatives in response to regional dynamics.
Parsons Corporation, a leading technology-focused defense and government services provider, has announced that it has been awarded a position on an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) by the United States Army Environmental Command (USAEC). This contract, worth $464 million, entails the provision of remediation services at sites contaminated with hazardous toxic waste, including perfluoroalkyl and polyfluoroalkyl substances (PFAS). The contract spans over a five-year ordering period and represents new work for Parsons Corporation. Over the past year, Parsons Corporation has showcased its financial strength and stability. The company s cash and cash equivalent grew by an impressive 15.02% in the third quarter of 2023 sequentially, surpassing their current liabilities. This improvement in Parsons Quick Ratio, which measures its ability to meet short-term financial obligations, rose to 0.15. Although it is worth noting that 95 other companies within the same industry have achieved higher Quick Ratios in the same quarter, Parsons Corporation s performance signifies a positive trend.
Parsons Corporation Plans Private Placement of Convertible Senior Notes CHANTILLY, Va., Feb. 21, 2024 - Parsons Corporation (NYSE: PSN), a leading provider of technology-driven solutions in defense, intelligence, and critical infrastructure, revealed today its intention to offer $700.0 million in aggregate principal amount of convertible senior notes due 2029. The offering will be subject to market conditions and other factors. Additionally, Parsons plans to grant the initial purchasers the option to acquire up to an additional $100.0 million in aggregate principal amount of notes within a 13-day period. The decision to offer convertible senior notes represents an opportunity for Parsons to raise substantial capital. These notes provide the bondholder with the option to convert their investment into the company s common stock at a specified price within a certain timeframe. This type of financing is attractive to investors seeking both fixed income and potential upside through equity ownership.
Parsons Corporation Awarded $25 Million Contract by City of Oakland for Embarcadero West Rail Safety and Access Improvements Chantilly, Va. - Parsons Corporation (NYSE: PSN), a leading provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets, announced today that it has been selected by the City of Oakland Department of Transportation to perform engineering design and cost estimates for the Embarcadero West Rail Safety and Access Improvements project. The $25 million contract includes designs for eight at-grade intersections, a multiuse trail, and traffic signal plans. This project represents new work for Parsons and highlights their continued success in the transportation infrastructure sector. Parsons has demonstrated impressive financial growth in recent quarters, with their cash and cash equivalents increasing by 15.02% in the third quarter of 2023 compared to the previous quarter. This growth outpaced their current liabilities, resulting in a significant improvement in Parsons Quick Ratio, which increased to 0.15. Over the trailing twelve months, Parsons cash and cash equivalents grew by 39.22% in the third quarter of 2023 compared to the previous year. This substantial increase contributed to a rise in Parsons trailing twelve months Quick Ratio to 0.18. Although the Quick Ratio remained below Parsons 12-month average, this upward trend is a positive indicator of the company s financial stability and ability to undertake large-scale projects such as the Embarcadero West Rail Safety and Access Improvements.
Parsons Corporation, a leading technology-driven defense and intelligence solution provider, has announced that it has been awarded a significant task order worth $21 million by the National Nuclear Security Administration (NNSA) Office of Infrastructure. This task order falls under the Enterprise Construction Management Services contract, which has a total ceiling value of $160 million. The three-year duration of the task order will involve providing design and construction management support at the prestigious Los Alamos National Laboratory (LANL). This recent development showcases Parsons Corporation s reputation and expertise in handling complex infrastructure projects within the defense sector. With a history of successful project execution and delivery, Parsons has secured this lucrative task order, reinforcing its commitment to supporting the NNSA s mission and ensuring the efficient functioning of LANL.
On the trailing twelve months basis PSN Cash & cash equivalent improved by 5.26 % in Q1 2026 year on year, while Current Liabilities decreased to $1,480 millions, this led to increase in in Parsons's Quick Ratio to 0.26, above PSN average Quick Ratio. Quick Ratio is the average cumulative value over the last four quarters.
Among companies operating within Cloud Computing & Data Analytics industry 116 other companies have achieved higher Quick Ratio than Parsons. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2025 from 2354 to 4098.
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