Government services · PSN
Parsons (PSN) does not disclose its U.S. government share of revenue
What Parsons's FY2025 annual report says, and what federal contract records show.
Summary
Parsons does not report a company-wide share of revenue from the U.S. government. Its FY2025 annual report says: No company-wide percentage disclosed. Federal Solutions segment ($3.22B) is "substantially all" U.S. government. Total revenue was $6.36B. We show the share as not disclosed rather than estimate it.
Federal agencies obligated $2.17B in prime contracts to the 9 recipient records we matched to Parsons in federal fiscal year 2025, 44.6% of it from the Department of Defense.
Share of revenue over time
Parsons does not disclose a company-wide U.S. government percentage, so there is no share history to chart.
| Fiscal year | U.S. gov share | U.S. gov revenue | Total revenue | Source |
|---|---|---|---|---|
| FY2025 | not disclosed | — | $6.36B | 10-K |
What Parsons counts as government revenue
- Definition used
- No company-wide percentage disclosed
- Foreign military sales
- Not applicable
- Subcontract work
- Not stated
- Adjusted ex-FMS share
- —
Read the FY2025 annual report.
Federal Solutions segment ($3.22B) is "substantially all" U.S. government.
The contract record
Prime contract obligations on USAspending.gov for the 9 recipient records we matched to Parsons (obligations are not revenue).
In FFY2025, 44.6% of these obligations came from the Department of Defense and 55.4% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 8 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of State | $619M | 28.6% |
| Federal Acquisition Service | $374M | 17.3% |
| Department of the Army | $319M | 14.7% |
| Missile Defense Agency | $271M | 12.5% |
| Department of the Air Force | $242M | 11.2% |
| Federal Aviation Administration | $135M | 6.2% |
| Department of the Navy | $55.4M | 2.6% |
| Defense Threat Reduction Agency | $34.3M | 1.6% |
| Other | $116M | 5.3% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $1.30B | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $2.17B | Matched to FY2025 |
| FFY2024 | $2.63B | |
| FFY2023 | $2.23B | |
| FFY2022 | $1.22B | |
| FFY2021 | $1.42B |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| 19AQMM23F0766Xator Llc | Department of State | CARE LOGISTICAL SUPPORT SERVICES - CLSS | $2.31B | 2023–2026 |
| DTFAWA12C00064Parsons Government Services Inc. | Federal Aviation Administration | THE CONTRACTOR MUST FURNISH ALL PROFESSIONAL, TECHNICAL AND SUPPORT LABOR, MATERIAL, SUPPLIES, MANAGEMENT SERVICES, DATA, AND FACILITIES… | $1.50B | 2012–2024 |
| HQ085821C0015Parsons Government Services Inc. | Missile Defense Agency | EO14042 TEAMS-NEXT MISSILE DEFENSE SYSTEMS ENGINEERING | $1.25B | 2021–2029 |
| 693KA923F00076Ptsi Managed Services Inc | Federal Aviation Administration | THE T5 CONTRACT WILL SUPPORT IMPLEMENTATION OF THE FEDERAL AVIATION ADMINISTRATION AVIATION CIP AND CERTAIN REIMBURSABLE PROGRAMS INCLUDING… | $725M | 2023–2030 |
| 47QFCA21F0042Parsons Government Services Inc. | Federal Acquisition Service | THE PURPOSE OF THIS AWARD IS FOR THE C5ISR, EXERCISES, OPERATIONS, AND INFORMATION SERVICES (CEOIS) TASK ORDER IS TO PROVIDE NEAR REAL-TIME… | $634M | 2021–2027 |
| 47QFCA20F0044Parsons Government Services Inc. | Federal Acquisition Service | THE PURPOSE OF THIS ACTION IS TO EXECUTE AN ADMINISTRATIVE CONTINUANCE OF THE TASK ORDER, AND TRANSFERS THE ADMINISTRATION FROM REGION 1 TO… | $612M | 2020–2025 |
| 19AQMM20C0016Xator Llc | Department of State | OVERSEAS SECURITY INSTALLATION SERVICES | $595M | 2019–2027 |
| 47QFCA23F0024Parsons Government Services Inc. | Federal Acquisition Service | BOLD VENTURE | $535M | 2023–2027 |
| HQ014716C0042Parsons Government Services Inc. | Missile Defense Agency | GMD SUPPORT - WPNS/MISSILE IGF::OT::IGF | $504M | 2016–2023 |
| HQ014717C0028Parsons Government Services Inc. | Missile Defense Agency | No description on file | $395M | 2017–2023 |
Recipients we matched to Parsons
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| PARSONS GOVERNMENT SERVICES INC. | NMBCAG1JBKL7 | USAspending parentPARSONS CORPORATION | $1.13B |
| XATOR LLC | ZJFDNMA46LT9 | USAspending parentPARSONS CORPORATION | $645M |
| PTSI MANAGED SERVICES INC | V6HHNX7LE717 | USAspending parentPARSONS CORPORATION | $172M |
| PARSONS GOVERNMENT SERVICES INC | KZ9MPMDLR5R4 | USAspending parentPARSONS CORPORATION | $173M |
| POLARIS ALPHA, LLC | EJGKYVW1NLL5 | USAspending parentPARSONS CORPORATION | — |
| PARSONS GOVERNMENT SERVICES INC | QJD7W4CUEN63 | USAspending parentPARSONS GOVERNMENT SERVICES INC | — |
| PARSONS GOVERNMENT SERVICES INC. | HV36BGW8JDH5 | USAspending parentPARSONS CORPORATION | — |
| PARSONS GOVERNMENT SERVICES INTERNATIONAL INC. | E8E4EKJKKJW7 | USAspending parentPARSONS CORPORATION | — |
| SPACE GROUND SYSTEM SOLUTIONS, INC. | H3RFVAELHB73 | USAspending parentPARSONS CORPORATION | $44.5M |
Peers
| Company | Sector | U.S. gov share | Total revenue |
|---|---|---|---|
| PSNParsons | Government services | not disclosed | $6.36B |
| SAICScience Applications International | Government services | 98% | $7.26B |
| MMSMaximus | Government services | 55% | $5.43B |
| KBRKBR | Government services | 57% | $7.79B |
| VVXV2X | Government services | 96% | $4.48B |
| CACICACI International | Government services | 95.6% | $9.57B |
Related analysis
-
Analysis · agency concentration
One customer, one agency: nine companies get at least 90% of their federal contract dollars from a single department.
We grouped each company's federal contract obligations by the department that awarded them. Defense contractors lean on one department, and often on one military service. Services firms spread their work across many.
-
Guide · shutdown exposure
Which public companies are most exposed to a government shutdown? Science Applications International and Leidos pair high federal dependence with mostly civilian-agency contracts
We paired each company's reported share of revenue from the U.S. government with the agencies that sign its federal contracts. Civilian agencies matter most in a lapse in appropriations, so the contractors that serve them carry the most direct exposure.
-
Signature analysis · obligation ratio
What companies say vs. what the contracts show: for eighteen of 22 companies, a year of federal contracts comes to less than the government revenue they report
We matched each company's subsidiaries to federal contract records on USAspending.gov and divided a year of contract obligations by the U.S. government revenue in its 10-K. Most results fall below 1.0. Five are withheld while we check the match.
-
Contract record · movers
Contract obligations: BWX Technologies up 233.6%, Leonardo DRS down 57.3% in FFY2026
Federal contract obligations to 25 of 35 covered companies rose in FFY2026 through July 3, 2026 compared with the same period of FFY2025. Obligations are commitments, not revenue, but they show where agencies are putting new money.
-
How-to · reading filings
How to read a 10-K's government revenue disclosure: one question, many definitions
We read the latest annual report of 40 companies that sell to the U.S. government. Ten gave no company-wide percentage, and the rest defined “U.S. government” in different ways. Here is what to look for before you compare them.
-
Sector deep dive · government services
The government services sector, ranked by dependence: the median company gets 84% of its revenue from Washington, more than the defense primes' 70%
We ranked the government services companies we cover by the share of revenue their 10-Ks attribute to the U.S. government, then checked which agencies sign their federal contracts. Two of the ten don't disclose a share.
-
Filing watch · weekly
Filing watch: CACI International's new 10-K mentions budget and contract risks 7 times, up from 1
39 covered companies filed a 10-K or 10-Q in the past 90 days. We count how often each filing mentions continuing resolutions, shutdowns, termination for convenience and other federal budget risks, and compare it with the company's previous filing of the same type.
Sources
- Parsons, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- SEC XBRL company facts for Parsons (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Parsons Government Services Inc. (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology