Earnings results were mixed at Parsons, Chantilly, Va., in the fourth quarter and full 2025 calendar year, which the technology provider attributed to turbulence in the federal government.
Net earnings for the fourth quarter ended Dec. 31 were a record $56 million, or $0.51 a share, up 3% from $54 million, or $0.49 a share, in the year-ago quarter. Quarterly revenue was $1.6 billion, down 8% year-over-year from $1.7 billion.
For the full year, Parsons saw net earnings of $241 million or $2.20 per share, up 3% from $235 million or $2.12 per share in 2024. Full year revenue was nearly $6.4 billion, down from $6.8 billion in 2024.
“2025 was a successful year despite a dynamic federal government macroenvironment,” Carey Smith, chief executive officer of Parsons, said in the press release Wednesday, adding Parsons won 15 contracts, each worth over $100 million, in 2025. “As we enter 2026, I could not be more excited about the ample opportunities we have to continue to grow our company and outpace industry growth rates.”
In September, the National Nuclear Security Administration (NNSA) awarded Parsons a $13 million multiple award contract for support on deploying counter-nuclear smuggling systems in the Indo-Pacific region. This was Parson’s fifth task order from NNSA’s Office of Nuclear Smuggling Detection and Deterrence, with one from 2024 potentially reaching a value of $1 billion.
Parsons is also a junior partner to the Leidos-led Hanford Mission Integration Solutions joint venture providing site services at the Department of Energy Hanford Site in Washington state. The Hanford agreement is a long-term contract currently valued at about $4 billion.
