PSNParsons Corporation

$48.55

Is it safe?

Can PSN take a bad year?

Parsons Corporation carries $1.23B of net debt at 2.32× EBITDA: a load its earnings can carry.

$1.23B

Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
2.32×

Net debt / EBITDA · 2.58× a year ago · the load is coming down

Altman Z-score
2.75

Altman Z-score · grey zone, between 1.8 and 3

Interest cover
7.35×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ1 2026
$1.51B
Cash and short-term investments
$284M
Net debt
$1.23B
EBITDA, trailing twelve months
$530M
Operating profit, trailing twelve months
$405M
Debt / equity
0.57×
Total debt / EBITDA
2.86×
Annualised volatilitytwo years of daily moves
45%
Worst drawdown on file
−60%
Below its 52-week high
−46%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.