v3.26.3
Segment Information - Summary of Adjusted EBITDA Business Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting Information [Line Items]        
Revenue $ 1,650,548 $ 1,621,748 $ 4,717,591 $ 4,760,431
Direct cost of contracts (1,268,481) (1,261,893) (3,682,866) (3,698,240)
Selling, general and administrative expenses (100,946) (92,239) (292,459) (275,542)
Equity in earnings of unconsolidated joint ventures 7,242 8,266 (20,350) 6,937
Other segment items (133,983) (135,578) (401,861) (386,298)
Adjusted EBITDA attributable to Parsons Corporation 154,380 140,304 320,055 407,288
Reconciliation: Segment Adjusted EBITDA to Net Income Attributable to Parsons Corporation        
Adjusted EBITDA attributable to noncontrolling interests 13,463 17,833 40,937 48,756
Depreciation and amortization (34,118) (29,849) (106,681) (85,844)
Interest expense, net (15,437) (11,696) (45,445) (33,301)
Income tax expense (20,446) (16,035) (40,755) (53,702)
Equity-based compensation expense (11,518) (11,568) (31,049) (30,190)
Transaction related costs (16,180) (5,074) (17,493) (13,910)
Restructuring expense   (292)   (2,653)
Other (2,733) (1,829) 12,588 (2,374)
Net income including noncontrolling interests 67,411 81,794 132,157 234,070
Net income attributable to noncontrolling interests (13,258) (17,671) (40,297) (48,514)
Net income attributable to Parsons Corporation 54,153 64,123 91,860 185,556
Federal Solution Segment        
Segment Reporting Information [Line Items]        
Revenue 804,553 788,607 2,323,769 2,436,628
Direct cost of contracts (621,008) (612,500) (1,874,091) (1,917,218)
Selling, general and administrative expenses (52,570) (47,980) (147,818) (136,604)
Equity in earnings of unconsolidated joint ventures 1,787 986 5,030 983
Other segment items (58,636) (56,612) (174,997) (168,684)
Adjusted EBITDA attributable to Parsons Corporation 74,126 72,501 131,893 215,105
Critical Infrastructure        
Segment Reporting Information [Line Items]        
Revenue 845,995 833,141 2,393,822 2,323,803
Direct cost of contracts (647,473) (649,393) (1,808,775) (1,781,022)
Selling, general and administrative expenses (48,376) (44,259) (144,641) (138,938)
Equity in earnings of unconsolidated joint ventures 5,455 7,280 (25,380) 5,954
Other segment items (75,347) (78,966) (226,864) (217,614)
Adjusted EBITDA attributable to Parsons Corporation $ 80,254 $ 67,803 $ 188,162 $ 192,183