Parsons Management
Management criteria checks 2/4
Parsons' CEO is Carey Smith, appointed in Nov 2019, has a tenure of 5.08 years. total yearly compensation is $18.60M, comprised of 5.3% salary and 94.7% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $15.68M. The average tenure of the management team and the board of directors is 3.9 years and 4.7 years respectively.
Key information
Carey Smith
Chief executive officer
US$18.6m
Total compensation
| CEO salary percentage | 5.3% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.9yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Potential Upside For Parsons Corporation (NYSE:PSN) Not Without Risk
Dec 13
Parsons: Red Hot Momentum Remains
Nov 04Parsons (NYSE:PSN) Has A Rock Solid Balance Sheet
Oct 06Parsons (NYSE:PSN) Shareholders Will Want The ROCE Trajectory To Continue
Sep 20An Intrinsic Calculation For Parsons Corporation (NYSE:PSN) Suggests It's 23% Undervalued
Sep 05Parsons: Simply Impressive Growth, But Still A Hold
Aug 21What Does Parsons Corporation's (NYSE:PSN) Share Price Indicate?
Aug 21Many Still Looking Away From Parsons Corporation (NYSE:PSN)
Jul 26Parsons: This May Be A Hidden Gem, But I Need Proof Its Growth Is Sustainable
Jun 20Investors Met With Slowing Returns on Capital At Parsons (NYSE:PSN)
Jun 11Parsons Corporation's (NYSE:PSN) Intrinsic Value Is Potentially 31% Above Its Share Price
May 24We Think You Can Look Beyond Parsons' (NYSE:PSN) Lackluster Earnings
May 08Should You Be Adding Parsons (NYSE:PSN) To Your Watchlist Today?
Apr 22Parsons Corporation: Impressive Recent Performance Means Lucrative Future
Apr 11Is Parsons (NYSE:PSN) Using Too Much Debt?
Mar 21Parsons Corporation (NYSE:PSN) Stocks Shoot Up 26% But Its P/E Still Looks Reasonable
Mar 05Parsons: The Stock Is Not Cheap Enough Yet
Feb 28Why Parsons Corporation (NYSE:PSN) Could Be Worth Watching
Feb 05Parsons (NYSE:PSN) May Have Issues Allocating Its Capital
Jan 19Getting In Cheap On Parsons Corporation (NYSE:PSN) Might Be Difficult
Jan 04Parsons Corporation: Upside Still Not Very Attractive
Nov 17Parsons: 2023 Is Working Out So Far
Oct 15Parsons: Performance Is Good But Valuation Is Expensive
Aug 11Parsons Corporation: Getting Incrementally Positive If Momentum Continues
Jun 07Parsons selected by U.S. CYBERCOM for military cyberspace operations
Feb 22Parsons Q4 2022 Earnings Preview
Feb 14Parsons gets contract amended on Canada's Giant Mine
Feb 08Parsons selected to work on Saudi Arabia's ambitious Line project
Feb 01Parsons' unit clinches $79.5M order to upkeep USAF security systems
Jan 09Parsons: Not Very Defensive
Dec 29Parsons bags $95M global NAVFAC contract to plan US Navy infrastructure
Dec 15Parsons bags $28M order to investigate PFAS impact at Army National Guard facilities
Nov 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$79m |
| Jun 30 2024 | n/a | n/a | US$54m |
| Mar 31 2024 | n/a | n/a | US$28m |
| Dec 31 2023 | US$19m | US$977k | US$161m |
| Sep 30 2023 | n/a | n/a | US$144m |
| Jun 30 2023 | n/a | n/a | US$126m |
| Mar 31 2023 | n/a | n/a | US$102m |
| Dec 31 2022 | US$7m | US$900k | US$97m |
| Sep 30 2022 | n/a | n/a | US$98m |
| Jun 30 2022 | n/a | n/a | US$87m |
| Mar 31 2022 | n/a | n/a | US$76m |
| Dec 31 2021 | US$5m | US$799k | US$64m |
| Sep 30 2021 | n/a | n/a | US$57m |
| Jun 30 2021 | n/a | n/a | US$78m |
| Mar 31 2021 | n/a | n/a | US$95m |
| Dec 31 2020 | US$5m | US$694k | US$99m |
| Sep 30 2020 | n/a | n/a | US$91m |
| Jun 30 2020 | n/a | n/a | US$107m |
| Mar 31 2020 | n/a | n/a | US$124m |
| Dec 31 2019 | US$2m | US$614k | US$121m |
| Sep 30 2019 | n/a | n/a | US$114m |
| Jun 30 2019 | n/a | n/a | US$99m |
| Mar 31 2019 | n/a | n/a | US$207m |
| Dec 31 2018 | US$2m | US$458k | US$222m |
Compensation vs Market: Carey's total compensation ($USD18.60M) is above average for companies of similar size in the US market ($USD12.86M).
Compensation vs Earnings: Carey's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Carey Smith (60 yo)
5.1yrs
Tenure
US$18,596,895
Compensation
Ms. Carey A. Smith has been the Chairwoman of the Board of Parsons Corporation since April 14, 2022. She has been a Director of Parsons Corporation since December 2020 and its Chief executive Officer since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$18.60m | 0.16% $ 15.7m | |
| Chief Financial Officer | 2.4yrs | US$2.59m | 0.042% $ 4.2m | |
| Chief Legal Officer & Secretary | 7.2yrs | US$2.31m | 0.059% $ 5.9m | |
| Chief Human Resources Officer | 3.4yrs | US$1.58m | 0.038% $ 3.9m | |
| Chief Business Operations Officer | 3.9yrs | no data | no data | |
| Chief Technology Officer | 3.9yrs | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| President of Infrastructure EMEA | 1.3yrs | no data | no data | |
| Executive VP of Missile Defense & C5ISR Market Leader | 4.3yrs | no data | no data | |
| Executive Vice President of Space & Geospatial | no data | no data | no data | |
| Chief Growth Officer | no data | no data | no data | |
| Chief Corporate Affairs Officer | less than a year | no data | no data |
3.9yrs
Average Tenure
57.5yo
Average Age
Experienced Management: PSN's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4yrs | US$18.60m | 0.16% $ 15.7m | |
| Independent Director | 18.9yrs | US$299.99k | 0.0094% $ 953.3k | |
| Lead Independent Director | 11.9yrs | US$348.49k | 0.021% $ 2.1m | |
| Independent Director | 4.5yrs | US$302.28k | 0.027% $ 2.7m | |
| Independent Director | 6.5yrs | US$298.49k | 0.031% $ 3.1m | |
| Independent Director | 13.9yrs | US$311.99k | 0.0039% $ 394.9k | |
| Independent Director | 4.7yrs | US$303.49k | 0.0039% $ 394.9k | |
| Director | 2.4yrs | US$286.56k | 0.29% $ 29.0m | |
| Independent Director | 10.9yrs | US$310.49k | 0.021% $ 2.1m | |
| Member of Federal Strategic Advisory Board | 4yrs | no data | no data | |
| Independent Director | 4.5yrs | US$299.99k | 0.013% $ 1.3m | |
| Member of Critical Infrastructure Strategic Advisory Board | 4.8yrs | no data | no data |
4.7yrs
Average Tenure
64.5yo
Average Age
Experienced Board: PSN's board of directors are considered experienced (4.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:31 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parsons Corporation is covered by 15 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Wittmann | Baird |
| Joshua Sullivan | Benchmark Company |
| Ronald Epstein | BofA Global Research |