A Business at a Glance
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ITEM 1. Business Parker-Hannifin Corporation was incorporated in Ohio in 1938. As used in this Annual Report on Form 10-K, unless the context otherwise requires, the terms "Company", "Parker", "we" or "us" refer to Parker-Hannifin Corporation and its subsidiaries, and the term "year" and references to specific years refer to the applicable fiscal year. Parker is a global leader in motion and control technologies. Leveraging a unique combination of interconnected technologies, we design, manufacture, and provide aftermarket support for highly engineered solutions that create value for customers primarily in aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration markets around the world. Parker values having a decentralized operating structure that fosters deeper connections with our customers and greater engagement among our team members.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 20.5B | 19.9B | 19.9B | 19.1B | 15.9B | 14.3B |
| Net Income | 3.5B | 3.5B | 2.8B | 2.1B | 1.3B | 1.7B |
| EPS | $27.41 | $27.12 | $21.84 | $16.04 | $10.09 | $13.35 |
| Free Cash Flow | 3.3B | 3.3B | 3.0B | 2.6B | 2.2B | 2.4B |
| ROIC | 0.0% | 15.3% | 12.8% | 10.3% | 11.3% | 13.5% |
| Gross Margin | 37.3% | 36.9% | 35.8% | 33.7% | 33.5% | 27.2% |
| Debt/Equity | 0.86 | 0.81 | 1.16 | 1.58 | 1.49 | 0.78 |
| Dividends/Share | $7.11 | $6.69 | $6.07 | $5.47 | $4.42 | $3.67 |
| Operating Income | 0 | 4.3B | 4.1B | 3.4B | 3.0B | 2.5B |
| Operating Margin | 0.0% | 21.9% | 20.4% | 17.9% | 18.8% | 17.1% |
| ROE | 24.7% | 27.4% | 23.6% | 20.2% | 14.9% | 20.8% |
| Shares Outstanding | 126M | 130M | 130M | 130M | 130M | 131M |
Parker-Hannifin Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
Parker-Hannifin Corp trades at 36.1x trailing earnings, compared to its 15-year median P/E of 20.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 37.4x vs a median of 14.9x. The company's 5-year average ROIC is 12.6% with a gross margin of 33.4%. Total shareholder yield (dividends + buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +13.4%.
Parker-Hannifin Corp (PH) has a current P/E ratio of 36.1, compared to its historical median P/E of 20.3. The stock is currently considered Expensive based on its historical valuation range.
Parker-Hannifin Corp (PH) has a 5-year average return on invested capital (ROIC) of 12.6%. This indicates solid capital allocation.
Parker-Hannifin Corp (PH) has a market capitalization of $124.9B. It is classified as a large-cap stock.
Yes, Parker-Hannifin Corp (PH) pays a dividend with a trailing twelve-month yield of 0.72%. The company also returns capital through share buybacks, with a buyback yield of 1.79%.
Based on historical P/E analysis, Parker-Hannifin Corp (PH) appears expensive. The current P/E of 36.1 is 78% above its historical median of 20.3. The estimated fair value CAGR (P/E method) is 17.0%.
Parker-Hannifin Corp (PH) operates in the Miscellaneous Fabricated Metal Products industry, within the Industrials sector.
Parker-Hannifin Corp (PH) reported annual revenue of $19.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Parker-Hannifin Corp (PH) has a net profit margin of 17.8%. This is a healthy margin.
Parker-Hannifin Corp (PH) generated $3.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Parker-Hannifin Corp (PH) has a debt-to-equity ratio of 0.81. This indicates moderate leverage.
Parker-Hannifin Corp (PH) reported earnings per share (EPS) of $27.12 in its most recent fiscal year.
Parker-Hannifin Corp (PH) has a return on equity (ROE) of 27.4%. This indicates the company generates strong returns for shareholders.
Parker-Hannifin Corp (PH) has a 5-year average gross margin of 33.4%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for Parker-Hannifin Corp (PH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Parker-Hannifin Corp (PH) has a book value per share of $105.09, based on its most recent annual SEC filing.
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