• Parsons average net profit margin for 2023 was 2.7%, a 20% decline from 2022.
• Parsons average net profit margin for 2022 was 2.25%, a 13.64% increase from 2021.
• Parsons average net profit margin for 2021 was 1.98%, a 25% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.