Parker-Hannifin Corporation

PH · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$123,328	$86,282	$65,017	$50,041	$31,586	$39,468	$23,553	$21,849	$20,029	$20,539	$13,886	$14,950	$18,746	$14,471	$11,626	$14,459	$8,924	$6,941	$12,002	$11,399	$9,245	$7,367	$6,993	$4,876	$5,299	$4,853	$3,775	$4,982	$4,228	$4,506	$3,162	$2,672	$2,101	$1,623	$1,449	$1,273	$1,424	$1,312	$1,750	$1,505	$1,174
Enterprise value	$131,356	$95,464	$75,578	$62,553	$42,751	$45,524	$31,273	$25,592	$24,137	$25,491	$14,822	$15,986	$18,887	$15,523	$12,526	$15,673	$10,217	$9,157	$13,747	$12,512	$10,205	$8,002	$7,798	$6,021	$6,758	$6,233	$4,744	$5,734	$4,976	$4,940	$3,712	$2,943	$2,303	$1,928	$1,829	$1,752	$2,008	$1,898	$2,220	$1,828	$1,443
P/E (TTM) at period end	33.81×	24.44×	22.86×	24.02×	24.01×	22.60×	19.60×	14.33×	18.88×	20.89×	17.21×	14.77×	18.01×	15.26×	10.09×	13.78×	16.11×	13.65×	12.64×	13.73×	13.73×	12.18×	20.22×	24.84×	40.71×	14.24×	10.25×	16.04×	13.23×	16.45×	13.19×	12.25×	44.04×	24.93×	129.39×	21.51×	12.36×	12.76×	16.43×	17.67×	13.31×
P/S (TTM) at period end	5.74×	4.35×	3.26×	2.62×	1.99×	2.75×	1.72×	1.53×	1.40×	1.71×	1.22×	1.18×	1.42×	1.11×	0.88×	1.17×	0.89×	0.67×	0.99×	1.06×	0.98×	0.90×	0.98×	0.76×	0.86×	0.81×	0.70×	1.00×	0.91×	1.10×	0.88×	0.83×	0.82×	0.65×	0.61×	0.52×	0.58×	0.52×	0.78×	0.80×	0.68×
P/B at period end	8.01×	6.31×	5.39×	4.85×	3.57×	4.70×	3.78×	3.66×	3.42×	3.90×	3.04×	2.93×	2.81×	2.52×	2.37×	2.69×	2.04×	1.63×	2.28×	2.42×	2.18×	2.21×	2.34×	1.93×	2.05×	1.92×	1.63×	2.69×	2.51×	2.91×	2.29×	2.24×	2.17×	1.74×	1.55×	1.35×	1.52×	1.56×	2.11×	2.00×	1.75×
EV / EBITDA (TTM)	24.23×	20.31×	17.11×	16.81×	13.23×	16.68×	14.09×	10.40×	10.60×	12.79×	8.39×	7.83×	9.42×	7.74×	5.66×	7.64×	7.36×	7.29×	8.06×	8.17×	7.96×	7.31×	9.58×	9.43×	10.77×	7.46×	5.72×	7.74×	6.79×	7.81×	6.80×	5.87×	8.25×	7.28×	6.67×	6.65×	5.90×	5.91×	–	–	–
EV / Sales (TTM)	6.11×	4.81×	3.79×	3.28×	2.70×	3.17×	2.28×	1.79×	1.69×	2.12×	1.30×	1.26×	1.43×	1.19×	0.95×	1.27×	1.02×	0.89×	1.13×	1.17×	1.09×	0.97×	1.10×	0.94×	1.10×	1.04×	0.89×	1.16×	1.07×	1.21×	1.04×	0.92×	0.89×	0.77×	0.77×	0.72×	0.82×	0.75×	0.99×	0.97×	0.83×
Returns
Return on equity	23.7%	25.8%	23.6%	20.2%	14.9%	20.8%	19.3%	25.6%	18.1%	18.7%	17.6%	19.8%	15.6%	16.5%	23.5%	19.5%	12.7%	11.9%	18.1%	17.6%	15.9%	18.1%	11.6%	7.8%	5.0%	13.5%	15.9%	16.7%	19.0%	17.7%	17.3%	18.3%	4.9%	7.0%	1.2%	6.3%	12.3%	12.2%	12.8%	11.3%	13.1%
Return on invested capital	17.3%	16.4%	14.2%	11.6%	12.1%	13.2%	11.2%	17.5%	12.6%	12.9%	17.8%	18.9%	16.2%	19.1%	25.3%	20.7%	14.9%	11.6%	14.7%	15.1%	13.6%	15.1%	10.4%	6.8%	5.1%	9.4%	12.4%	13.4%	14.5%	15.1%	13.4%	16.3%	6.6%	7.3%	7.7%	6.4%	9.6%	9.5%	10.1%	9.0%	10.7%
Dividend yield	0.8%	1.0%	1.2%	1.4%	1.8%	1.2%	1.9%	1.9%	1.8%	1.7%	2.5%	2.3%	1.5%	1.8%	2.1%	1.4%	1.8%	2.3%	1.2%	1.1%	1.2%	1.3%	1.3%	1.8%	1.6%	1.6%	2.0%	1.4%	1.6%	1.3%	1.7%	1.9%	2.3%	2.8%	3.1%	3.4%	2.9%	3.1%	–	–	–
Financial health
Current ratio	1.26×	1.19×	0.93×	0.88×	2.06×	1.81×	1.60×	2.43×	1.59×	1.41×	2.20×	2.32×	1.87×	1.57×	1.81×	1.80×	1.63×	1.56×	1.88×	1.76×	1.87×	2.09×	2.01×	1.68×	1.64×	1.55×	1.81×	2.35×	1.80×	2.09×	1.83×	1.91×	2.02×	2.26×	2.94×	2.85×	2.58×	2.24×	2.31×	2.14×	2.06×
Debt / equity	0.55×	0.68×	0.87×	1.22×	1.30×	0.78×	1.36×	1.19×	0.85×	1.12×	0.66×	0.58×	0.35×	0.49×	0.35×	0.33×	0.41×	0.54×	0.39×	0.27×	0.27×	0.29×	0.33×	0.55×	0.58×	0.56×	0.45×	0.42×	0.46×	0.32×	0.44×	0.28×	0.29×	0.50×	0.51×	0.55×	0.65×	0.73×	0.59×	0.45×	0.43×
Effective tax rate	20.0%	14.0%	20.9%	22.2%	18.5%	22.3%	20.2%	21.8%	37.7%	26.0%	27.6%	29.3%	33.1%	27.6%	26.7%	25.2%	26.3%	25.3%	28.3%	28.4%	29.1%	27.8%	30.0%	34.0%	40.3%	35.5%	34.5%	35.0%	35.9%	35.5%	36.0%	37.4%	53.6%	39.8%	39.8%	42.8%	39.7%	39.7%	35.0%	45.6%	43.2%
Share count
Diluted shares outstanding	128	130	130	130	130	131	130	132	135	136	137	145	151	152	155	165	163	163	172	177	181	181	178	175	174	173	167	164	168	168	167	166	166	165	168	161	163	164	163	156	154

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$21,499	$21,499	$19,850	$19,930	$19,065	$15,862	$14,348	$13,696	$14,320	$14,302	$12,029	$11,361	$12,712	$13,216	$13,016	$13,146	$12,346	$9,993	$10,309	$12,146	$10,718	$9,386	$8,215	$7,107	$6,411	$6,149	$5,980	$5,355	$4,959	$4,633	$4,091	$3,586	$3,214	$2,576	$2,489	$2,376	$2,441	$2,453	$2,520	$2,252	$1,877	$1,730
Cost of revenue	($13,397)	($13,397)	($12,535)	($12,802)	($12,636)	($10,550)	($9,605)	($10,292)	($10,689)	($10,738)	($9,119)	($8,823)	($9,655)	($10,188)	($10,087)	($9,958)	($9,387)	($7,847)	($8,181)	($9,339)	($8,258)	($7,348)	–	($5,742)	($5,310)	($5,117)	($4,728)	($3,950)	($3,667)	($3,368)	($2,983)	($2,615)	($2,328)	($1,940)	($1,891)	($1,819)	($1,873)	($1,830)	($2,199)	($1,965)	($1,372)	($1,258)
Gross profit	$8,102	$8,102	$7,315	$7,128	$6,429	$5,311	$4,743	$3,403	$3,631	$3,565	$2,840	$2,537	$3,056	$3,028	$2,929	$3,188	$2,958	$2,146	$2,128	$2,807	$2,460	$2,038	–	$1,365	$1,101	$1,033	$1,251	$1,405	$1,291	$1,265	$1,108	$972	$886	$636	$598	$557	$567	$623	$321	$286	$504	$472
Operating expenses
Research and development	($267)	($267)	($240)	($253)	($258)	($191)	($205)	($237)	($295)	($328)	($337)	($360)	($403)	($410)	($407)	($366)	($359)	($316)	($339)	($303)	($253)	($204)	($164)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($3,468)	($3,468)	($3,255)	($3,315)	($3,354)	($2,504)	($2,383)	($1,657)	($1,544)	($1,640)	($1,413)	($1,359)	($1,545)	($1,634)	($1,555)	($1,519)	($1,468)	($1,277)	($1,290)	($1,364)	($969)	($833)	($696)	($800)	($721)	($686)	($680)	($576)	($551)	($532)	($475)	($425)	($385)	($357)	($334)	($283)	($304)	($283)	–	–	($259)	($237)
Total operating expenses	($3,034)	($3,034)	($2,968)	($3,059)	($3,025)	($2,336)	($2,283)	($1,437)	($1,395)	($1,526)	($1,050)	($962)	($1,218)	($1,238)	($1,138)	($1,185)	($1,135)	($1,003)	($1,124)	($1,358)	($1,222)	($1,037)	–	($800)	($721)	($686)	($680)	($782)	($753)	($715)	($645)	($567)	($504)	($470)	($448)	($390)	($408)	($380)	($96)	($85)	($326)	($295)
Total costs and expenses	($16,431)	($16,431)	($15,503)	($15,861)	($15,661)	($12,887)	($11,888)	($11,729)	($12,084)	($12,264)	($10,239)	($9,785)	($10,873)	($11,426)	($11,224)	($11,143)	($10,523)	($8,850)	($9,305)	($10,697)	($9,480)	($8,385)	($7,384)	($6,542)	($6,031)	($5,803)	($5,408)	($4,732)	($4,420)	($4,083)	($3,628)	($3,182)	($2,833)	($2,410)	($2,339)	($2,209)	($2,281)	($2,210)	($2,295)	($2,050)	($1,698)	($1,553)
Operating income	$5,068	$5,068	$4,347	$4,069	$3,404	$2,975	$2,460	$1,967	$2,236	$2,038	$1,790	$1,576	$1,838	$1,790	$1,791	$2,003	$1,823	$1,143	$1,004	$1,448	$1,238	$1,001	$831	$565	$380	$346	$571	$623	$539	$550	$463	$405	$382	$166	$151	$167	$160	$243	$225	$202	$179	$177
Earnings
EBITDA	$5,421	$5,421	$4,701	$4,418	$3,721	$3,232	$2,730	$2,220	$2,462	$2,276	$1,993	$1,766	$2,041	$2,005	$2,005	$2,213	$2,052	$1,388	$1,256	$1,706	$1,532	$1,282	$1,094	$814	$638	$628	$836	$829	$741	$733	$633	$546	$501	$279	$265	$274	$264	$340	$321	–	–	–
Interest income	–	–	$11	$15	$46	$10	$7	$31	$18	$15	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($401)	($401)	($409)	($506)	($574)	($255)	($250)	($308)	($190)	($214)	($162)	($137)	($118)	($83)	($92)	($93)	($100)	($104)	($112)	($99)	($83)	($76)	($67)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$4,563	$4,563	$4,107	$3,595	$2,680	$1,614	$2,247	$1,507	$1,949	$1,702	$1,329	$1,115	$1,432	$1,557	$1,311	$1,577	$1,414	$755	$683	$1,335	$1,159	$900	$738	$494	$297	$218	$534	$562	$478	$504	$425	$374	$348	$112	$108	$105	$104	$183	$171	$164	$157	$155
Income tax expense	($914)	($914)	($575)	($750)	($596)	($298)	($500)	($305)	($424)	($641)	($345)	($308)	($420)	($515)	($362)	($421)	($357)	($198)	($173)	($377)	($329)	($262)	($205)	($148)	($101)	($88)	($189)	($194)	($167)	($181)	($151)	($135)	($130)	($60)	($43)	($42)	($44)	($73)	($68)	($57)	($72)	($67)
Net income	$3,648	$3,648	$3,531	$2,844	$2,083	$1,316	$1,746	$1,202	$1,525	$1,061	$983	$807	$1,012	$1,041	$948	$1,152	$1,049	$554	$509	$949	$830	$673	$605	$346	$196	$130	$341	$368	$310	$320	$274	$240	$218	$48	$65	$11	$59	$115	$103	$106	$85	$88
Per share
Diluted EPS (GAAP)	$28.48	$28.48	$27.12	$21.84	$16.04	$10.09	$13.35	$9.26	$11.57	$7.83	$7.25	$5.89	$6.97	$6.87	$6.26	$7.45	$6.37	$3.40	$3.13	$5.53	$4.68	$3.71	$3.35	$1.94	$1.12	$0.75	$1.97	$2.21	$1.89	$1.90	$1.64	$1.44	$1.32	$0.29	$0.39	$0.0667	$0.37	$0.71	$0.63	$0.65	$0.55	$0.57
Basic EPS (GAAP)	$28.89	$28.89	$27.52	$22.13	$16.23	$10.24	$13.54	$9.36	$11.73	$7.98	$7.37	$5.96	$7.08	$6.98	$6.36	$7.62	$6.51	$3.44	$3.15	$5.64	$4.75	$3.77	$3.39	$1.96	$1.13	$0.75	$1.99	$2.23	$1.90	$1.92	$1.64	$1.44	$1.32	$0.29	$0.39	$0.0667	$0.37	$0.71	$0.63	$0.65	$0.55	$0.59
Basic shares outstanding	126	126	128	128	128	129	129	128	130	133	133	135	143	149	149	151	161	161	162	168	175	179	178	176	174	173	172	165	163	166	167	167	166	166	165	168	161	163	164	163	154	150
Margins
Gross margin	37.7%	37.7%	36.9%	35.8%	33.7%	33.5%	33.1%	24.8%	25.4%	24.9%	23.6%	22.3%	24.0%	22.9%	22.5%	24.2%	24.0%	21.5%	20.6%	23.1%	23.0%	21.7%	–	19.2%	17.2%	16.8%	20.9%	26.2%	26.0%	27.3%	27.1%	27.1%	27.6%	24.7%	24.0%	23.4%	23.2%	25.4%	12.7%	12.7%	26.9%	27.3%
Operating margin	23.6%	23.6%	21.9%	20.4%	17.9%	18.8%	17.1%	14.4%	15.6%	14.3%	14.9%	13.9%	14.5%	13.5%	13.8%	15.2%	14.8%	11.4%	9.7%	11.9%	11.5%	10.7%	10.1%	7.9%	5.9%	5.6%	9.6%	11.6%	10.9%	11.9%	11.3%	11.3%	11.9%	6.4%	6.1%	7.0%	6.5%	9.9%	8.9%	8.9%	9.5%	10.2%
Net margin	17.0%	17.0%	17.8%	14.3%	10.9%	8.3%	12.2%	8.8%	10.6%	7.4%	8.2%	7.1%	8.0%	7.9%	7.3%	8.8%	8.5%	5.5%	4.9%	7.8%	7.7%	7.2%	7.4%	4.9%	3.1%	2.1%	5.7%	6.9%	6.3%	6.9%	6.7%	6.7%	6.8%	1.9%	2.6%	0.5%	2.4%	4.7%	4.1%	4.7%	4.5%	5.1%

Analyst consensus

Buy40 analysts

Bearish · 1 · Hold · 13 · Bullish · 26

Earnings history

	EPS	Estimate
Q1 2025	$6.20	$6.14	Beat
Q2 2025	$6.53	$6.23	Beat
Q3 2025	$6.94	$6.72	Beat
Q4 2025	$7.69	$7.10	Beat
Q1 2026	$7.22	$6.62	Beat
Q2 2026	$7.65	$7.16	Beat
Q3 2026	$8.17	$7.84	Beat
Q4 2026	$9.27	$8.31	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOJennifer A. Parmentier

Employees59,850

SectorIndustrials

IndustryIndustrial - Machinery

CountryUS

ExchangeNew York Stock Exchange

Websitewww.parker.com

Parker-Hannifin Corporation is a global enterprise specializing in the production and distribution of advanced motion and control technologies and systems. These solutions serve a broad spectrum of international markets, including mobile applications, industrial operations, and the aerospace sector. Its organizational structure is primarily divided into two key business units: Diversified Industrial and Aerospace Systems. Within the Diversified Industrial division, the product portfolio is extensive, covering sealing, protective shielding, thermal management systems, bonding agents, surface coatings, and technologies designed to reduce noise, vibration, and harshness. This segment also provides filtration units, diagnostic tools, and related solutions for purifying fuel, air, oil, water, and various other liquids and gases by eliminating contaminants. Additionally, it produces connectors vital for fluid handling (controlling, transmitting, and containing), along with advanced control mechanisms engineered for demanding environments involving extreme corrosion, temperatures, pressures, and requiring precise flow regulation. Crucially, it supplies hydraulic, pneumatic, and electromechanical components and integrated systems to manufacturers and operators of both mobile and stationary industrial machinery. Products from this division are supplied to original equipment manufacturers (OEMs) as well as to distributors who cater to the aftermarket across a wide array of sectors. These include industries focused on manufacturing, packaging, processing, transportation, construction, climate control (refrigeration and air conditioning), agriculture, and military machinery and equipment. In contrast, the Aerospace Systems segment focuses on delivering specialized components and systems for both commercial and military aircraft structures and engine applications. Its comprehensive offerings encompass control actuation systems, parts for engine construction and exhaust, entire engine systems, fluid transport and fuel systems (including those for fuel tank inerting), hydraulic and lubrication components, pilot interface controls, pneumatic control elements, thermal regulation products, and landing gear wheels and brakes. The segment also provides devices for precise fluid measurement, distribution, and atomization. Sales within this particular division are conducted directly with original equipment manufacturers (OEMs) and final consumers. Overall, Parker-Hannifin distributes its solutions via a diversified sales network, comprising its own dedicated sales personnel, independent distributors, and authorized sales representatives. Established in 1917, the corporation maintains its global headquarters in Cleveland, Ohio.

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