What Is The Net Worth Of Parsons Company?

Parsons is a publicly traded company, and its market cap or net worth was $9.89 billion as of August 16, 2024. This represents a significant increase of 74.59% over the previous year.

This impressive growth reflects the company’s strong performance and its position as a leading provider of engineering, construction, technical, and management services worldwide. Parsons has a diverse portfolio of projects across various industries, including transportation, infrastructure, energy, and defense. Its global reach and expertise have positioned it favorably in the market.

The market capitalization of a company, also known as market cap, is a commonly used metric to assess its overall value. It is calculated by multiplying the current stock price by the total number of outstanding shares. A higher market cap generally indicates a larger and more valuable company.

It’s important to note that market cap can fluctuate daily based on stock market movements and investor sentiment. While a high market cap is a positive indicator, it’s crucial to consider other factors like profitability, financial health, and future growth prospects when assessing a company’s true value.