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Parker Hannifin

PH NYSE Industrial Machinery & Supplies & Components Financials FY2017–FY2026

Parker Hannifin's revenue rose 8.3% to $21.5 billion in fiscal 2026. Its operating margin was 23.6%, up from 21.9% a year earlier. Free cash flow was $3.9 billion, up 16.9%. It paid out $2.2 billion in dividends and buybacks, 56% of free cash flow. The diluted share count fell 1.6%.

Last close · Oct 23, 2026

$880.57

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$21.5B
8.3% vs prior year
Operating margin Operating income as a share of revenue.
23.6%
1.7 pts
Net income Profit after all expenses, interest and tax.
$3.6B
3.3%
Free cash flow Cash from operations minus capital spending.
$3.9B
16.9%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
17.6%
0.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$112.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Parker Hannifin does

No business description yet.

Legal name
PARKER-HANNIFIN CORPORATION
Fiscal year ends
June 30, 2026
Latest annual report
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Accession · CIK
0000076334-26-000105
0000076334

Revenue and margins

Parker Hannifin had $21.5B of revenue in fiscal 2026, up 8.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 16.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $3.9B in fiscal 2026, 18.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Parker Hannifin returned $2.2B to shareholders in fiscal 2026, 56% of free cash flow. The diluted share count fell 1.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Parker Hannifin yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$8.1B and divides by 128.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 30.9x · peers 24.6x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Parker Hannifin can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $564M$484M$422M$467M$501M
Debt incl. finance leases $11.5B$12.7B$10.6B$9.4B$8.6B
Net debt / EBITDA 3.1x2.9x2.0x1.7x1.3x
Debt / equity 1.3x1.2x0.9x0.7x0.6x
Interest coverage 11.7x5.9x8.0x10.6x12.6x
Current ratio 2.1x0.9x0.9x1.2x1.3x
Quick ratio 1.7x0.5x0.6x0.7x0.7x
Total assets $25.9B$30.0B$29.3B$29.5B$30.9B
Total liabilities $17.1B$19.6B$17.2B$15.8B$15.5B
Shareholders' equity $8.8B$10.3B$12.1B$13.7B$15.4B
Net debt (− = net cash) $10.9B$12.2B$10.2B$8.9B$8.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$20.1M

9 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 8, 2026 Laura K ThompsonDirector Sold 160 $958.95 $0.2M Form 4
Aug 26, 2026 Berend BrachtVP & Pres.- Motion Sys. Grp. Sold 602 $1,040.47 $0.6M Form 4
Aug 17, 2026 Patrick ScottVP & Pres-Fluid Conn. Grp. Sold 1,235 $1,057.00 $1.3M Form 4
Aug 14, 2026 Andrew D RossPresident & COO Sold 5,498 $1,057.57 $5.8M Form 4
Aug 14, 2026 Berend BrachtVP & Pres.- Motion Sys. Grp. Sold 700 $1,055.03 $0.7M Form 4
Aug 14, 2026 Dinu J ParelVP & Chief Digital & Info Off. Sold 4,469 $1,057.42 $4.7M Form 4
Aug 14, 2026 James VerrierDirector Sold 1,500 $1,058.00 $1.6M Form 4
Aug 14, 2026 Jay ReidyVP & Pres.-Aerospace Grp. Sold 300 $1,055.77 $0.3M Form 4
Aug 14, 2026 Mark J HartEVP-HR & External Affairs Sold 2,497 $1,057.00 $2.6M Form 4
Aug 14, 2026 Patrick ScottVP & Pres-Fluid Conn. Grp. Sold 631 $1,053.20 $0.7M Form 4
Feb 13, 2026 Berend BrachtVP & Pres.- Motion Sys. Grp. Sold 1,127 $1,002.13 $1.1M Form 4
Feb 13, 2026 Rachid BendaliVP & Pres.- Eng. Mat. Grp. Sold 412 $1,006.74 $0.4M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✕ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score 7 / 99 / 99 / 9
Accruals ratio −1.8%−0.8%−2.4%
Altman Z'' 3.684.565.07

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Parker Hannifin PH $112.8B 8.3% 23.6% 18.2% 17.6% — 9
W. W. Grainger GWW $63.7B 4.5% 13.9% 7.4% 32.3% 34.4x 6 Compare →
Illinois Tool Works ITW $79.1B 0.9% 26.3% 16.9% 30.2% 25.0x 6 Compare →
Stanley Black & Decker SWK $14.9B −1.5% — 4.6% 6.2% 24.2x 6 Compare →
Otis Worldwide OTIS $28.8B 1.2% 14.8% 10.0% 116.6% 19.3x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $12.0B $14.3B $14.3B $13.7B $14.3B $15.9B $19.1B $19.9B $19.9B $21.5B
Gross profit $2.8B $3.6B $3.6B $3.4B $4.7B $5.3B $6.4B $7.1B $7.3B $8.1B
Research and development $337M $328M $295M $237M $205M $191M $258M $253M $240M $267M
Operating income $1.8B $2.0B $2.2B $2.0B $2.5B $3.0B $3.4B $4.1B $4.3B $5.1B
Interest expense $162M $214M $190M $308M $250M $255M $574M $506M $409M $401M
Pretax income $1.3B $1.7B $1.9B $1.5B $2.2B $1.6B $2.7B $3.6B $4.1B $4.6B
Income tax $345M $641M $424M $305M $500M $298M $596M $750M $575M $914M
Net income $983M $1.1B $1.5B $1.2B $1.7B $1.3B $2.1B $2.8B $3.5B $3.6B
Diluted EPS $7.25 $7.83 $11.57 $9.26 $13.35 $10.09 $16.04 $21.84 $27.12 $28.48
Diluted shares 0.14B 0.14B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B 0.13B
Cash flow
Cash from operations $1.3B $1.6B $1.7B $2.1B $2.6B $2.4B $3.0B $3.4B $3.8B $4.4B
Capital expenditure $204M $248M $195M $233M $210M $230M $381M $400M $435M $459M
Free cash flow $1.1B $1.3B $1.5B $1.8B $2.4B $2.2B $2.6B $3.0B $3.3B $3.9B
Depreciation and amortization $348M $459M $431M $538M $595M $571M $818M $927M $907M $937M
Stock-based compensation $80.3M $119M $104M $111M $122M $137M $143M $155M $159M $179M
Acquisitions $4.1B $0.0M $2.0M $5.1B $0.0M $0.0M $7.1B $0.0M $0.0M $1.0B
Share buybacks $338M $381M $860M $216M $219M $460M $297M $332M $1.8B $1.3B
Dividends paid $345M $365M $413M $454M $475M $570M $704M $782M $861M $936M
Dividends and buybacks $683M $746M $1.3B $670M $694M $1.0B $1.0B $1.1B $2.6B $2.2B
Balance sheet
Cash and short-term investments $924M $855M $3.4B $756M $772M $564M $484M $422M $467M $501M
Total debt $5.9B $5.0B $7.1B $8.5B $6.6B $11.5B $12.6B $10.5B $9.3B $8.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $10.3M $105M $103M $108M $92.0M
Current assets $4.8B $5.1B $7.7B $5.0B $5.6B $12.0B $6.8B $6.8B $7.0B $7.7B
Current liabilities $3.4B $3.2B $3.2B $3.1B $3.1B $5.9B $7.7B $7.3B $5.8B $6.1B
Inventory $1.5B $1.6B $1.7B $2.0B $2.1B $2.2B $2.9B $2.8B $2.8B $3.2B
Property and equipment, net $1.9B $1.9B $1.8B $2.3B $2.3B $2.1B $2.9B $2.9B $2.9B $3.0B
Total assets $15.5B $15.3B $17.7B $19.9B $20.3B $25.9B $30.0B $29.3B $29.5B $30.9B
Total liabilities $10.2B $9.5B $11.6B $13.6B $11.9B $17.1B $19.6B $17.2B $15.8B $15.5B
Shareholders' equity $5.3B $5.9B $6.0B $6.2B $8.4B $8.8B $10.3B $12.1B $13.7B $15.4B
Margins
Gross margin 23.6% 24.9% 25.4% 24.9% 33.1% 33.5% 33.7% 35.8% 36.9% 37.7%
Operating margin 14.9% 14.3% 15.6% 14.4% 17.2% 18.8% 17.9% 20.4% 21.9% 23.6%
EBITDA margin 17.8% 17.5% 18.6% 18.3% 21.3% 22.4% 22.2% 25.1% 26.5% 27.9%
Net margin 8.2% 7.4% 10.7% 8.8% 12.2% 8.3% 10.9% 14.3% 17.8% 17.0%
FCF margin 9.1% 9.4% 10.7% 13.4% 16.5% 13.9% 13.6% 15.0% 16.8% 18.2%
Returns
Return on capital 16.9% 12.5% 17.6% 13.2% 13.6% 14.3% 12.5% 14.4% 16.7% 17.6%
Return on capital employed 16.5% 16.8% 16.8% 12.6% 14.5% 15.9% 16.1% 18.4% 19.0% 20.9%
Return on equity 20.0% 19.1% 25.8% 19.7% 23.9% 15.3% 21.7% 25.4% 27.4% 25.1%
Return on assets 7.2% 6.9% 9.2% 6.4% 8.7% 5.7% 7.5% 9.6% 12.0% 12.1%
Growth
Revenue growth 5.9% 18.9% 0.1% −4.4% 4.8% 10.6% 20.2% 4.5% −0.4% 8.3%
Net income growth 21.9% 7.9% 43.7% −21.2% 45.3% −24.7% 58.3% 36.6% 24.2% 3.3%
EPS growth 23.1% 8.0% 47.8% −20.0% 44.2% −24.4% 59.0% 36.2% 24.2% 5.0%
FCF growth 3.3% 23.0% 13.8% 19.8% 28.7% −6.5% 17.5% 14.8% 12.0% 16.9%
Share count change −1.0% −0.1% −2.7% −1.5% 0.8% −0.4% −0.4% 0.2% 0.0% −1.6%
Financial health
Net debt / EBITDA 2.3x 1.6x 1.4x 3.1x 1.9x 3.1x 2.9x 2.0x 1.7x 1.3x
Debt / equity 1.1x 0.9x 1.2x 1.4x 0.8x 1.3x 1.2x 0.9x 0.7x 0.6x
Interest coverage 11.0x 9.5x 11.8x 6.4x 9.8x 11.7x 5.9x 8.0x 10.6x 12.6x
Current ratio 1.4x 1.6x 2.4x 1.6x 1.8x 2.1x 0.9x 0.9x 1.2x 1.3x
Quick ratio 1.0x 1.1x 1.9x 1.0x 1.1x 1.7x 0.5x 0.6x 0.7x 0.7x
Capital allocation
Capex / revenue 1.7% 1.7% 1.4% 1.7% 1.5% 1.5% 2.0% 2.0% 2.2% 2.1%
Stock comp / revenue 0.7% 0.8% 0.7% 0.8% 0.9% 0.9% 0.8% 0.8% 0.8% 0.8%
Payouts / FCF 62.3% 55.3% 82.9% 36.4% 29.3% 46.6% 38.5% 37.3% 78.6% 56.3%
Quality scores
Piotroski F-score 7.0 7.0 8.0 4.0 7.0 7.0 7.0 7.0 9.0 9.0
Altman Z'' 4.2 4.8 5.4 4.0 4.8 4.9 3.0 3.7 4.6 5.1
Accruals ratio −2.3% −3.5% −1.2% −4.6% −4.1% −4.9% −3.2% −1.8% −0.8% −2.4%

Source: SEC EDGAR XBRL filings (CIK 0000076334). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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