v3.25.2
Segment Information - Summary of Adjusted EBITDA Business Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 01, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]          
Revenue   $ 1,584,323 $ 1,670,467 $ 3,138,683 $ 3,206,143
Direct cost of contracts   (1,235,970) (1,318,931) (2,436,347) (2,529,758)
Selling, general and administrative expenses   (91,771) (69,745) (183,263) (139,468)
Equity in earnings (losses) of unconsolidated joint ventures   (642) (16,837) (1,329) (18,897)
Other segment items   (122,675) (126,561) (250,760) (254,123)
Adjusted EBITDA attributable to Parsons Corporation   133,265 138,393 266,984 263,897
Reconciliation: Segment Adjusted EBITDA to Net Income Attributable to Parsons Corporation          
Adjusted EBITDA attributable to noncontrolling interests   15,866 11,837 30,923 27,426
Depreciation and amortization   (28,592) (24,440) (55,995) (48,971)
Interest expense, net   (11,501) (9,183) (21,605) (21,029)
Income tax expense   (18,690) (22,415) (37,667) (35,739)
Equity-based compensation expense   (11,519) (10,647) (18,622) (23,303)
Convertible debt repurchase loss $ (18,400)     0 (18,355)
Transaction-related costs   (5,135) (2,302) (8,836) (5,188)
Restructuring expense   (2,361)   (2,361)  
Other   (844) (524) (545) (3,026)
Net income including noncontrolling interests   70,489 80,719 152,276 135,712
Net income attributable to noncontrolling interests   (15,259) (11,547) (30,843) (26,790)
Net income attributable to Parsons Corporation   55,230 69,172 121,433 108,922
Federal Solution Segment          
Segment Reporting Information [Line Items]          
Revenue   805,464 988,603 1,648,021 1,898,211
Direct cost of contracts   (642,807) (789,153) (1,304,719) (1,513,038)
Selling, general and administrative expenses   (43,208) (35,487) (88,617) (70,632)
Equity in earnings (losses) of unconsolidated joint ventures   989 1,466 (3) 997
Other segment items   (53,366) (62,648) (112,078) (120,216)
Adjusted EBITDA attributable to Parsons Corporation   67,072 102,781 142,604 195,322
Critical Infrastructure          
Segment Reporting Information [Line Items]          
Revenue   778,859 681,864 1,490,662 1,307,932
Direct cost of contracts   (593,163) (529,778) (1,131,628) (1,016,720)
Selling, general and administrative expenses   (48,563) (34,258) (94,646) (68,836)
Equity in earnings (losses) of unconsolidated joint ventures   (1,631) (18,303) (1,326) (19,894)
Other segment items   (69,309) (63,913) (138,682) (133,907)
Adjusted EBITDA attributable to Parsons Corporation   $ 66,193 $ 35,612 $ 124,380 $ 68,575