A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Parker-Hannifin Corp
PH
$128.6B
Mkt Cap
$987.54
+0.21%
Parker-Hannifin Corp (PH) has a current P/E ratio of 36.0, 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 14.2%. This indicates solid capital allocation.
Parker-Hannifin Corp (PH) has a market capitalization of $124.5B. It is classified as a large-cap stock.
Yes, Parker-Hannifin Corp (PH) pays a dividend with a trailing twelve-month yield of 0.73%. The company also returns capital through share buybacks, with a buyback yield of 1.54%.
Based on historical P/E analysis, Parker-Hannifin Corp (PH) appears expensive. The current P/E of 36.0 is 78% above its historical median of 20.3. The estimated fair value CAGR (P/E method) is 15.9%.
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 is a global leader in motion and control technologies, designing, manufacturing, and providing aftermarket support for highly engineered solutions across aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration markets. The company operates through two reportable segments: Diversified Industrial (69% of FY2025 sales), which sells motion-control systems and components to OEMs and distributors through field sales and independent distributors worldwide, and Aerospace Systems (31% of FY2025 sales), which supplies airframe and engine components directly to OEMs and end users in commercial and defense aviation through regional sales organizations. Parker's business model combines standard and custom engineered products with a broad portfolio of core technologies including hydraulics, pneumatics, electromechanical systems, filtration, fluid handling, and climate control, generating revenue from both original equipment sales and high-margin aftermarket replacement parts and services. The company operates a decentralized structure across 43 countries serving several hundred thousand OEM and distribution customer locations, competing primarily on product quality, innovation, customer experience, manufacturing capability, and aftermarket support. Parker's competitive moat derives from its interconnected technology platform, deep customer partnerships, application engineering expertise, global distribution network, and the Win Strategy business system that drives operational excellence and continuous improvement.
【Aerospace momentum accelerating】 Management expects continued robust demand across aerospace and defense markets, with commercial OEM and aftermarket strength driving double-digit organic growth for the fourth consecutive year. Industrial markets are gradually recovering with positive orders across all business units and record backlog levels providing enhanced visibility into future revenue, while transportation faces persistent near-term headwinds in truck and automotive despite some aftermarket resilience. The company is pursuing disciplined capital deployment including the pending Filtration Group acquisition expected to close within 12 months and anticipated to deliver approximately $220 million in cost synergies, while maintaining a balanced approach to organic investment and shareholder returns. Management remains focused on expanding segment operating margins through operational leverage and incremental margin conversion, with confidence in achieving long-term targets despite near-term macro uncertainties in select regions.
| Metric | Target | Period |
|---|---|---|
| Organic sales growth | 5.5% | FY2026 |
| Aerospace organic growth | 12% | FY2026 |
| Adjusted segment operating margins | 27.2% | FY2026 |
| Adjusted EPS | $31.20 | FY2026 |
| Free cash flow | $3.3 billion-$3.6 billion | FY2026 |
| Reported sales growth | 7% | FY2026 |
| Backlog | $12.5 billion | Q3 FY2026 |
Organic sales growth (FY2026): “As a result of these changes, we are increasing our organic sales growth guidance from 5% to 5.5% at the midpoint.”
Aerospace organic growth (FY2026): “In aerospace, we are increasing our forecast from 11% to 12% organic growth as we continue to see, as Todd said, strength in commercial OEM and aftermarket.”
Adjusted segment operating margins (FY2026): “Adjusted segment operating margins, we are expecting to be 27.2 for the year. That is a forecasted increase of 110 basis points versus prior year with margin expansion across all the businesses.”
Adjusted EPS (FY2026): “Full year adjusted EPS has been raised by $0.50- $31.20 at the midpoint. That would be an increase of 14.2% versus prior.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 21.0B | 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 | $25.37 | $27.12 | $21.84 | $16.04 | $10.09 | $13.35 |
| Free Cash Flow | 3.7B | 3.3B | 3.0B | 2.6B | 2.2B | 2.4B |
| ROIC | 15.0% | 16.7% | 14.7% | 12.1% | 13.7% | 13.6% |
| Gross Margin | - | 36.9% | 35.8% | 33.7% | 33.5% | 33.1% |
| Debt/Equity | 0.80 | 0.68 | 0.97 | 1.39 | 1.46 | 0.78 |
| Dividends/Share | $7.25 | $6.69 | $6.07 | $5.47 | $4.42 | $3.67 |
| Operating Income | 4.8B | 4.3B | 4.1B | 3.4B | 3.0B | 2.5B |
| Operating Margin | 22.8% | 21.9% | 20.4% | 17.9% | 18.8% | 17.1% |
| ROE | 23.8% | 27.4% | 25.4% | 21.7% | 15.3% | 23.9% |
| Shares Outstanding | 126M | 130M | 130M | 130M | 130M | 131M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 13.2B | 12.7B | 11.4B | 12.0B | 14.3B | 14.3B | 13.7B | 14.3B | 15.9B | 19.1B | 19.9B | 19.9B | 21.0B |
| Gross Margin | 22.9% | 24.0% | 22.3% | 23.6% | 24.9% | 25.4% | 24.8% | 33.1% | 33.5% | 33.7% | 35.8% | 36.9% | N/A |
| R&D | 410M | 403M | 360M | 337M | 328M | 295M | 237M | 205M | 191M | 258M | 253M | 240M | 240M |
| SG&A | 1.6B | 1.5B | 1.4B | 1.4B | 1.6B | 1.5B | 1.7B | 2.4B | 2.5B | 3.4B | 3.3B | 3.3B | 3.4B |
| EBIT | 1.8B | 1.8B | 1.6B | 1.8B | 2.0B | 2.2B | 2.0B | 2.5B | 3.0B | 3.4B | 4.1B | 4.3B | 4.8B |
| Op. Margin | 13.5% | 14.5% | 13.9% | 14.9% | 14.3% | 15.6% | 14.4% | 17.1% | 18.8% | 17.9% | 20.4% | 21.9% | 22.8% |
| Net Income | 1.0B | 1.0B | 807M | 983M | 1.1B | 1.5B | 1.2B | 1.7B | 1.3B | 2.1B | 2.8B | 3.5B | 3.5B |
| Net Margin | 7.9% | 8.0% | 7.1% | 8.2% | 7.4% | 10.6% | 8.8% | 12.2% | 8.3% | 10.9% | 14.3% | 17.8% | 16.6% |
| Non-Recurring | 549M | -4.5M | 11M | 43M | 4.5M | -9.0M | 1.2M | 109M | 7.1M | 363M | 24M | 253M | 253M |
| Returns on Capital | |||||||||||||
| ROIC | 16.6% | 19.2% | 18.3% | 15.5% | 12.5% | 17.3% | 12.8% | 13.6% | 13.7% | 12.1% | 14.7% | 16.7% | 15.0% |
| ROE | 16.8% | 17.2% | 16.7% | 20.0% | 19.1% | 25.8% | 19.7% | 23.9% | 15.3% | 21.7% | 25.4% | 27.4% | 23.8% |
| ROA | 8.1% | 7.9% | 6.6% | 7.1% | 6.9% | 9.2% | 6.4% | 8.7% | 5.7% | 7.5% | 9.6% | 12.0% | 11.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.4B | 1.4B | 1.2B | 1.3B | 1.6B | 1.7B | 2.1B | 2.6B | 2.4B | 3.0B | 3.4B | 3.8B | 4.1B |
| Free Cash Flow | 1.2B | 1.1B | 1.1B | 1.1B | 1.3B | 1.5B | 1.8B | 2.4B | 2.2B | 2.6B | 3.0B | 3.3B | 3.7B |
| Owner Earnings | 951M | 954M | 841M | 872M | 1.0B | 1.2B | 1.4B | 1.9B | 1.7B | 2.0B | 2.3B | 2.7B | -830M |
| CapEx | 216M | 216M | 149M | 204M | 248M | 195M | 233M | 210M | 230M | 381M | 400M | 435M | 417M |
| Maint. CapEx | 334M | 313M | 298M | 348M | 459M | 431M | 538M | 595M | 571M | 818M | 927M | 907M | 4.8B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 334M | 313M | 298M | 348M | 459M | 431M | 538M | 595M | 571M | 818M | 927M | 907M | 4.8B |
| CapEx/OCF | 15.6% | 16.6% | 12.3% | 15.6% | 15.5% | 11.3% | 11.2% | 8.2% | 9.4% | 12.8% | 11.8% | 11.5% | 10.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 278M | 340M | 342M | 345M | 365M | 412M | 454M | 475M | 570M | 704M | 782M | 861M | 914M |
| Dividend Yield | 1.9% | 2.3% | 2.8% | 2.1% | 1.7% | 2.1% | 2.2% | 1.5% | 1.6% | 1.8% | 1.3% | 1.1% | 0.7% |
| Share Buybacks | 204M | 1.4B | 587M | 338M | 381M | 860M | 216M | 219M | 460M | 297M | 332M | 1.8B | 1.9B |
| Buyback Yield | 1.3% | 9.7% | 4.9% | 1.8% | 2.0% | 4.2% | 1.0% | 0.6% | 1.5% | 0.6% | 0.5% | 1.9% | 1.5% |
| Stock-Based Comp | 103M | 96M | 71M | 80M | 119M | 104M | 111M | 121M | 137M | 143M | 155M | 159M | 174M |
| Debt Repayment | 2.9M | 537K | 220M | 381M | 945M | 213M | 740M | 1.2B | 19M | 2.3B | 2.4B | 1.7B | 1.7B |
| Balance Sheet | |||||||||||||
| Net Debt | 954M | 1.0B | 1.2B | 5.5B | 4.6B | 4.3B | 8.4B | 5.8B | 12.3B | 13.9B | 11.3B | 8.8B | 11.2B |
| Cash & Equiv. | 1.6B | 1.2B | 1.2B | 885M | 822M | 3.2B | 686M | 733M | 536M | 475M | 422M | 467M | 476M |
| Long-Term Debt | 1.5B | 2.7B | 2.7B | 4.9B | 4.3B | 6.5B | 7.7B | 6.6B | 9.8B | 8.8B | 8.4B | 7.5B | 6.8B |
| Debt/Equity | 0.47 | 0.58 | 0.73 | 1.22 | 0.94 | 1.29 | 1.48 | 0.78 | 1.46 | 1.39 | 0.97 | 0.68 | 0.80 |
| Interest Coverage | 21.7 | 15.5 | 11.5 | 11.0 | 9.5 | 11.8 | 6.4 | 9.8 | 11.7 | 5.9 | 8.0 | 10.6 | 4105.1 |
| Equity | 6.7B | 5.1B | 4.6B | 5.3B | 5.9B | 6.0B | 6.2B | 8.4B | 8.8B | 10.3B | 12.1B | 13.7B | 14.6B |
| Total Assets | 13.3B | 12.3B | 12.0B | 15.5B | 15.3B | 17.7B | 19.9B | 20.3B | 25.9B | 30.0B | 29.3B | 29.5B | 30.7B |
| Total Liabilities | 6.6B | 7.2B | 7.5B | 10.2B | 9.5B | 11.6B | 13.6B | 11.9B | 17.1B | 19.6B | 17.2B | 15.8B | 16.1B |
| Intangibles | 1.2B | 1.0B | 923M | 2.3B | 2.0B | 1.8B | 3.8B | 3.5B | 3.1B | 8.5B | 7.8B | 7.4B | 7.4B |
| Retained Earnings | 9.2B | 9.8B | 10.3B | 10.9B | 11.6B | 12.8B | 13.6B | 14.9B | 15.7B | 17.0B | 19.1B | 21.8B | 23.6B |
| Working Capital | 2.8B | 3.1B | 2.8B | 1.4B | 1.9B | 4.5B | 1.9B | 2.5B | 6.2B | -901M | -514M | 1.1B | 871M |
| Current Assets | 6.1B | 5.4B | 5.2B | 4.8B | 5.1B | 7.7B | 5.0B | 5.6B | 12.0B | 6.8B | 6.8B | 7.0B | 7.6B |
| Current Liabilities | 3.3B | 2.3B | 2.4B | 3.4B | 3.2B | 3.2B | 3.1B | 3.1B | 5.9B | 7.7B | 7.3B | 5.8B | 6.7B |
| Per Share Data | |||||||||||||
| EPS | 6.87 | 6.97 | 5.89 | 7.25 | 7.83 | 11.57 | 9.26 | 13.35 | 10.09 | 16.04 | 21.84 | 27.12 | 25.37 |
| Owner EPS | 6.28 | 6.57 | 6.14 | 6.43 | 7.52 | 9.07 | 10.95 | 14.21 | 13.29 | 15.55 | 17.68 | 20.81 | -6.58 |
| Book Value | 43.95 | 35.15 | 33.40 | 38.79 | 43.25 | 45.25 | 47.97 | 64.21 | 67.86 | 79.52 | 92.70 | 105.09 | 115.87 |
| Cash Flow/Share | 9.16 | 9.39 | 8.84 | 9.59 | 11.79 | 13.13 | 15.95 | 19.69 | 18.73 | 22.95 | 25.99 | 29.00 | 65.28 |
| Dividends/Share | 1.86 | 2.37 | 2.50 | 2.58 | 2.74 | 3.16 | 3.52 | 3.67 | 4.42 | 5.47 | 6.07 | 6.69 | 7.25 |
| Shares Out. | 151.5M | 145.2M | 137.0M | 135.6M | 135.5M | 131.8M | 129.8M | 130.8M | 130.4M | 129.9M | 130.2M | 130.2M | 126.1M |
| Valuation | |||||||||||||
| P/E Ratio | 15.1 | 14.2 | 15.0 | 19.1 | 17.6 | 13.4 | 17.3 | 21.4 | 23.6 | 23.1 | 22.8 | 25.7 | 38.9 |
| P/FCF | 13.4 | 12.6 | 11.4 | 17.1 | 13.9 | 13.2 | 11.3 | 15.8 | 14.1 | 18.5 | 21.7 | 27.1 | 33.9 |
| EV/EBIT | 10.2 | 10.1 | 214.6 | 403.1 | 12.2 | 11.6 | 435.9 | 17.3 | N/A | N/A | 282.2 | 550.7 | 28.4 |
| Price/Book | 2.4 | 2.8 | 2.6 | 3.6 | 3.2 | 3.4 | 3.3 | 4.4 | 3.5 | 4.7 | 5.4 | 6.6 | 8.5 |
| Price/Sales | 1.1 | 1.1 | 1.1 | 1.4 | 1.5 | 1.4 | 1.5 | 2.2 | 2.3 | 2.0 | 3.0 | 4.1 | 5.9 |
| FCF Yield | 7.5% | 8.0% | 8.8% | 5.8% | 7.2% | 7.6% | 8.9% | 6.3% | 7.1% | 5.4% | 4.6% | 3.7% | 3.0% |
| Market Cap | 15.7B | 14.4B | 12.1B | 18.8B | 18.7B | 20.3B | 20.7B | 37.3B | 31.1B | 48.2B | 64.8B | 90.6B | 124.5B |
| Avg. Price | 94.65 | 100.40 | 89.96 | 121.70 | 156.68 | 150.96 | 161.85 | 242.06 | 278.68 | 293.49 | 454.38 | 620.69 | 987.54 |
| Year-End Price | 103.52 | 99.29 | 88.14 | 138.58 | 137.95 | 154.33 | 159.78 | 285.51 | 238.44 | 371.21 | 497.43 | 696.07 | 987.54 |
Parker-Hannifin Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
Parker-Hannifin Corp trades at 36.0x 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 37.3x vs a median of 14.9x. The company's 5-year average ROIC is 14.2% with a gross margin of 34.6%. Total shareholder yield (dividends + buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is +12.2%.
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 0.68. 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 34.6%. 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.
Based on recent SEC filings and earnings disclosures, Management expects continued robust demand across aerospace and defense markets, with commercial OEM and aftermarket strength driving double-digit organic growth for the fourth consecutive year. Industrial markets are gradually recovering with positive orders across all business units and record backlog levels providing enhanced visibility into future revenue, while transportation faces persistent near-term headwinds in truck and automotive despite some aftermarket resilience. The company is pursuing disciplined capital deployment including the pending Filtration Group acquisition expected to close within 12 months and anticipated to deliver approximately $220 million in cost synergies, while maintaining a balanced approach to organic investment and shareholder returns. Management remains focused on expanding segment operating margins through operational leverage and incremental margin conversion, with confidence in achieving long-term targets despite near-term macro uncertainties in select regions.
Based on recent SEC filings and earnings calls, Parker-Hannifin Corp (PH) has provided the following forward guidance: Organic sales growth: 5.5% (FY2026); Aerospace organic growth: 12% (FY2026); Adjusted segment operating margins: 27.2% (FY2026); Adjusted EPS: $31.20 (FY2026); Free cash flow: $3.3 billion-$3.6 billion (FY2026), plus 2 additional metrics.
Free cash flow (FY2026): “In addition, we are also raising our forecast for full year free cash flow to $3.3 billion-$3.6 billion. That is $3.45 billion at the midpoint.”
Reported sales growth (FY2026): “For reported sales growth, the forecast has been increased to 7%.”
Backlog (Q3 FY2026): “Orders came in at 9% with a record backlog of $12.5 billion.”
No recent press releases.