XML 93 R84.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information - Summary of Adjusted EBITDA Business Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Jan. 01, 2024
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]      
Revenue   $ 1,554,360 $ 1,535,676
Direct cost of contracts   (1,200,377) (1,210,827)
Selling, general and administrative expenses   (91,536) (69,725)
Equity in earnings (losses) of unconsolidated joint ventures   (687) (2,060)
Other segment items   (128,041) (127,560)
Adjusted EBITDA attributable to Parsons Corporation   133,719 125,504
Reconciliation: Segment Adjusted EBITDA to Net Income Attributable to Parsons Corporation      
Adjusted EBITDA attributable to noncontrolling interests   15,057 15,589
Depreciation and amortization   (27,403) (24,531)
Interest expense, net   (10,104) (11,846)
Income tax expense   (18,977) (13,324)
Equity-based compensation expense   (7,103) (12,656)
Convertible debt repurchase loss $ (18,400) 0 (18,355)
Transaction-related costs   (3,701) (2,886)
Other   299 (2,502)
Net income including noncontrolling interests   81,787 54,993
Net income attributable to noncontrolling interests   (15,584) (15,243)
Net income attributable to Parsons Corporation   66,203 39,750
Federal Solution Segment      
Segment Reporting Information [Line Items]      
Revenue   842,557 909,608
Direct cost of contracts   (661,912) (723,885)
Selling, general and administrative expenses   (45,409) (35,145)
Equity in earnings (losses) of unconsolidated joint ventures   (992) (469)
Other segment items   (58,712) (57,568)
Adjusted EBITDA attributable to Parsons Corporation   75,532 92,541
Critical Infrastructure      
Segment Reporting Information [Line Items]      
Revenue   711,803 626,068
Direct cost of contracts   (538,465) (486,942)
Selling, general and administrative expenses   (46,127) (34,580)
Equity in earnings (losses) of unconsolidated joint ventures   305 (1,591)
Other segment items   (69,329) (69,992)
Adjusted EBITDA attributable to Parsons Corporation   $ 58,187 $ 32,963