Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Parsons Corporation reported solid financial and operational results for the first quarter of fiscal year 2026, reflecting growth across its Federal Solutions and Critical Infrastructure segments amid a complex global environment.</li><li>Total revenue increased 8% year-over-year, with organic revenue growth of 3% excluding a confidential contract.</li><li>The Federal Solutions segment grew 12% overall and 4% organically, driven by critical infrastructure protection, space and missile defense, and transportation markets.</li></ul>

Parsons Corporation reported solid financial and operational results for the first quarter of fiscal year 2026, reflecting growth across its Federal Solutions and Critical Infrastructure segments amid a complex global environment.Total revenue increased 8% year-over-year, with organic revenue growth of 3% excluding a confidential contract.The Federal Solutions segment grew 12% overall and 4% organically, driven by critical infrastructure protection, space and missile defense, and transportation markets.

Is Parsons's $9.3 Billion Backlog Enough To Sustain A Buy Through Geopolitical Uncertainty?

<ul><li>Parsons Corporation reported a solid finish to 2025, delivering double-digit revenue growth excluding a large confidential contract that is winding down, continued margin expansion, and full free cash flow conversion.</li><li>Total revenue grew 12% for the year, or 8% organically excluding the confidential program, while adjusted EBITDA margin expanded 60 basis points to a record 9.6%.</li><li>Over the past three years, the company exceeded its previously stated financial targets, increasing revenue by more than 50%, expanding margins by 120 basis points, and more than doubling operating cash flow.</li></ul>

Parsons Corporation reported a solid finish to 2025, delivering double-digit revenue growth excluding a large confidential contract that is winding down, continued margin expansion, and full free cash flow conversion.Total revenue grew 12% for the year, or 8% organically excluding the confidential program, while adjusted EBITDA margin expanded 60 basis points to a record 9.6%.Over the past three years, the company exceeded its previously stated financial targets, increasing revenue by more than 50%, expanding margins by 120 basis points, and more than doubling operating cash flow.

Parsons Corporation’s High-Stakes 2026 Setup—Backlog Conversion

<ul><li>Parsons Corporation has been strategically positioning itself at the forefront of defense, intelligence, and infrastructure modernization.</li><li>In a move aimed at accelerating this strategy, Parsons announced its acquisition of Northern Virginia-based Altamira Technologies for approximately $375 million.</li><li>The deal structure includes $330 million paid in cash at closing and a $45 million earnout contingent on Altamira meeting 2026 EBITDA targets.</li></ul>

Parsons Corporation has been strategically positioning itself at the forefront of defense, intelligence, and infrastructure modernization.In a move aimed at accelerating this strategy, Parsons announced its acquisition of Northern Virginia-based Altamira Technologies for approximately $375 million.The deal structure includes $330 million paid in cash at closing and a $45 million earnout contingent on Altamira meeting 2026 EBITDA targets.

Parsons Just Boosted Its Intel Arsenal—How Altamira Changes The Game!

<ul><li>Parsons Corporation reported its third-quarter 2025 financial results, emphasizing robust performance in a challenging global environment.</li><li>The company showcased strategic positioning and strong alignment with global priorities in national security and infrastructure.</li><li>This quarter, the company demonstrated significant achievements in organic revenue growth, expansion in adjusted EBITDA margins, exceeded cash flow expectations, and secured pivotal contracts.</li></ul>

Parsons Corporation reported its third-quarter 2025 financial results, emphasizing robust performance in a challenging global environment.The company showcased strategic positioning and strong alignment with global priorities in national security and infrastructure.This quarter, the company demonstrated significant achievements in organic revenue growth, expansion in adjusted EBITDA margins, exceeded cash flow expectations, and secured pivotal contracts.

Parsons: What Is Its Strategy To Capture Explosive Growth in Defense, Cyber, & Infrastructure?

<ul><li>Parsons Corporation's second quarter 2025 results reflect a mixed but promising outlook for the company.</li><li>During this period, the company delivered revenue and adjusted EBITDA that aligned with expectations and guidance assumptions.</li><li>A notable highlight was the impressive cash flow, which exceeded forecasts.</li></ul>

Parsons Corporation's second quarter 2025 results reflect a mixed but promising outlook for the company.During this period, the company delivered revenue and adjusted EBITDA that aligned with expectations and guidance assumptions.A notable highlight was the impressive cash flow, which exceeded forecasts.

Parsons Corporation: Will The Acquisition of CTI for Expansion of Defense Capabilities Be A Game Changer?

United States

Parsons Corporation provides technology driven solutions in the defense, intelligence, and critical infrastructure markets. The company also specializes in cybersecurity, military training, connected communities, physical infrastructure and mobility solutions. Parsons serves clients worldwide.

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Parsons Corp (PSN US)

Is Parsons's $9.3 Billion Backlog Enough To Sustain A Buy Through Geopolitical Uncertainty?

Parsons Corporation reported solid financial and operational results for the first quarter of fiscal year 2026, reflecting growth across its...

Baptista Research

Parsons Corporation’s High-Stakes 2026 Setup—Backlog Conversion

Parsons Corporation reported a solid finish to 2025, delivering double-digit revenue growth excluding a large confidential contract that is...

Baptista Research

Parsons Just Boosted Its Intel Arsenal—How Altamira Changes The Game!

Parsons Corporation has been strategically positioning itself at the forefront of defense, intelligence, and infrastructure modernization. In a...

Baptista Research

Parsons: What Is Its Strategy To Capture Explosive Growth in Defense, Cyber, & Infrastructure?

Parsons Corporation reported its third-quarter 2025 financial results, emphasizing robust performance in a challenging global environment. The...

Baptista Research

Parsons Corporation: Will The Acquisition of CTI for Expansion of Defense Capabilities Be A Game Changer?

Parsons Corporation's second quarter 2025 results reflect a mixed but promising outlook for the company. During this period, the company delivered...

Baptista Research

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