NYSE: PH
Parker Hannifin
Industrials · Miscellaneous Fabricated Metal Products
52-week range
Stock price
Market cap
At each fiscal year end: closing price × shares outstanding.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$123B
Show tableHide table
| Period | Market cap |
|---|---|
| FY2017, ended Jun 30, 2017 | $21.3B |
| FY2018, ended Jun 30, 2018 | $20.6B |
| FY2019, ended Jun 30, 2019 | $21.8B |
| FY2020, ended Jun 30, 2020 | $23.6B |
| FY2021, ended Jun 30, 2021 | $39.6B |
| FY2022, ended Jun 30, 2022 | $31.6B |
| FY2023, ended Jun 30, 2023 | $50.1B |
| FY2024, ended Jun 30, 2024 | $65.0B |
| FY2025, ended Jun 30, 2025 | $88.5B |
| FY2026, ended Jun 30, 2026 | $123B |
Revenue
By fiscal year.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$21.5B
Show tableHide table
| Period | Revenue |
|---|---|
| FY2017, ended Jun 30, 2017 | $12.0B |
| FY2018, ended Jun 30, 2018 | $14.3B |
| FY2019, ended Jun 30, 2019 | $14.3B |
| FY2020, ended Jun 30, 2020 | $13.7B |
| FY2021, ended Jun 30, 2021 | $14.3B |
| FY2022, ended Jun 30, 2022 | $15.9B |
| FY2023, ended Jun 30, 2023 | $19.1B |
| FY2024, ended Jun 30, 2024 | $19.9B |
| FY2025, ended Jun 30, 2025 | $19.9B |
| FY2026, ended Jun 30, 2026 | $21.5B |
Net income and free cash flow
By fiscal year. Free cash flow is operating cash flow minus capex.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $983M | $1.10B |
| FY2018, ended Jun 30, 2018 | $1.06B | $1.35B |
| FY2019, ended Jun 30, 2019 | $1.52B | $1.54B |
| FY2020, ended Jun 30, 2020 | $1.20B | $1.84B |
| FY2021, ended Jun 30, 2021 | $1.75B | $2.37B |
| FY2022, ended Jun 30, 2022 | $1.32B | $2.21B |
| FY2023, ended Jun 30, 2023 | $2.08B | $2.60B |
| FY2024, ended Jun 30, 2024 | $2.84B | $2.98B |
| FY2025, ended Jun 30, 2025 | $3.53B | $3.34B |
| FY2026, ended Jun 30, 2026 | $3.65B | $3.90B |
Cash and cash equivalents
At each fiscal year end.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$501M
Show tableHide table
| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Jun 30, 2017 | $885M |
| FY2018, ended Jun 30, 2018 | $822M |
| FY2019, ended Jun 30, 2019 | $3.22B |
| FY2020, ended Jun 30, 2020 | $686M |
| FY2021, ended Jun 30, 2021 | $733M |
| FY2022, ended Jun 30, 2022 | $536M |
| FY2023, ended Jun 30, 2023 | $475M |
| FY2024, ended Jun 30, 2024 | $422M |
| FY2025, ended Jun 30, 2025 | $467M |
| FY2026, ended Jun 30, 2026 | $501M |
Total debt
At each fiscal year end. Short- and long-term borrowings, excluding leases.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$8.47B
Show tableHide table
| Period | Total debt |
|---|---|
| FY2017, ended Jun 30, 2017 | $5.87B |
| FY2018, ended Jun 30, 2018 | $4.95B |
| FY2019, ended Jun 30, 2019 | $7.11B |
| FY2020, ended Jun 30, 2020 | $8.46B |
| FY2021, ended Jun 30, 2021 | $6.58B |
| FY2022, ended Jun 30, 2022 | $11.5B |
| FY2023, ended Jun 30, 2023 | $12.6B |
| FY2024, ended Jun 30, 2024 | $10.5B |
| FY2025, ended Jun 30, 2025 | $9.30B |
| FY2026, ended Jun 30, 2026 | $8.47B |
Shares outstanding
At each fiscal year end, adjusted for splits. Down 5.3% since 2017.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.126M
Show tableHide table
| Period | Shares outstanding |
|---|---|
| FY2017, ended Jun 30, 2017 | 133M |
| FY2018, ended Jun 30, 2018 | 132M |
| FY2019, ended Jun 30, 2019 | 128M |
| FY2020, ended Jun 30, 2020 | 129M |
| FY2021, ended Jun 30, 2021 | 129M |
| FY2022, ended Jun 30, 2022 | 128M |
| FY2023, ended Jun 30, 2023 | 128M |
| FY2024, ended Jun 30, 2024 | 129M |
| FY2025, ended Jun 30, 2025 | 127M |
| FY2026, ended Jun 30, 2026 | 126M |
Buybacks and new shares
By fiscal year, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Net: $1.08B more bought back than issued
Show tableHide table
| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $338M | $80.3M |
| FY2018, ended Jun 30, 2018 | $381M | $119M |
| FY2019, ended Jun 30, 2019 | $860M | $104M |
| FY2020, ended Jun 30, 2020 | $216M | $111M |
| FY2021, ended Jun 30, 2021 | $219M | $121M |
| FY2022, ended Jun 30, 2022 | $460M | $137M |
| FY2023, ended Jun 30, 2023 | $297M | $143M |
| FY2024, ended Jun 30, 2024 | $332M | $155M |
| FY2025, ended Jun 30, 2025 | $1.77B | $159M |
| FY2026, ended Jun 30, 2026 | $1.26B | $179M |
Revenue (TTM)
$21.5B
+8.3% YoY
Net income (TTM)
$3.65B
+3.3% YoY
Cash
$501M
+7.3% YoY
Total debt
$8.47B
−8.9% YoY
Valuation
At current price- Market Cap
- $113B
- P/E
- 31.1×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 5.3×
- Price / Book
- 7.4×
- EV / EBITDA
- 20.2×
Growth
Trailing 12 months- Revenue (TTM)
- $21.5B
- Revenue Growth YoY
- 8.3%
- Revenue CAGR 3Y
- 4.1%
- Revenue CAGR 5Y
- 8.4%
- EPS Growth YoY
- 5.0%
- Net Income Growth YoY
- 3.3%
Profitability
Trailing 12 months- Gross Margin
- 37.7%
- Operating Margin
- 23.6%
- Net Margin
- 17.0%
- FCF Margin
- 18.2%
- Return on Equity
- 25.1%
Earnings
Trailing 12 months- Net Income
- $3.65B
- EPS (diluted)
- $28.48
- EBITDA
- $6.00B
- Operating Income
- $5.07B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $501M
- Total Debt
- $8.47B
- Net Debt
- $7.97B
- Total Assets
- $30.9B
- Total Liabilities
- $15.5B
- Shareholders' Equity
- $15.4B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $4.36B
- Capital Expenditure
- $459M
- Free Cash Flow
- $3.90B
Dividends and risk
Last 12 months- Dividend Yield
- 0.8%
- Dividend / Share
- $7.60
- Beta (5Y)
- 1.11
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.3% year over year, at $21.5B.
Note
Net margin of 17.0% over the last 12 months.
Note
Net debt of $7.97B is 1.3× EBITDA, a manageable load.
Strength
Turns 18.2% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Jun 30, 2026 · filed Aug 21, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K67Mildly positive
10-K for the fiscal year ended Jun 30, 2025
Filed Aug 22, 2025 · Read the filing on EDGAR
- Sales were flat at $19.85 billion, while profit rose 24% to $3.53 billion. A $273 million gain from selling a business and a lower tax rate helped.
- Aerospace kept growing: sales rose 13% to $6.19 billion and margins reached 23.3%. Industrial sales fell 3% excluding divestitures and currency.
- Parker bought back $1.6 billion of shares and repaid about $1 billion of debt. Interest expense fell to $409 million.
- Parker agreed to buy Curtis Instruments for about $1.0 billion in cash. The deal is expected to close by the end of 2025.
Business momentum
Improving
“Net sales in 2025 decreased from the 2024 amount due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment resulting from strength across commercial and defense markets.”
Outlook
Positive
“We anticipate that cost savings realized from the workforce reduction measures taken during 2025 will increase operating income in 2026 by approximately two percent for both the International and North America businesses.”
Financial stress
Low
“We believe that cash generated from operations and our commercial paper program will satisfy our operating needs for the foreseeable future.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Strong aerospace growth and margins
“Aerospace Systems Segment sales increased compared to prior-year due to higher volume across all market segments, especially the commercial and defense aftermarkets.”
Higher margins despite lower industrial sales
“Gross profit margin (calculated as net sales less cost of sales, divided by net sales) increased in 2025 primarily due to higher margins in both segments”
Operating cash flow rose to $3.8 billion
“Cash flows from operating activities were $3,776 million in 2025 compared to $3,384 million in 2024.”
Concerns
Industrial demand still falling
“Excluding the effects of changes in currency exchange rates and divestiture activity, sales in 2025 decreased $435 million from prior-year levels.”
Profit growth helped by one-off items
“Gain on sale of businesses and assets, net in 2025 primarily relates to the divestiture of the composites and fuel containment ("CFC") business.”
Industrial order backlog shrank
“Diversified Industrial Segment backlog decreased in 2025 primarily due to the CFC divestiture in the North America businesses”
New risks since the previous report
Pending $1 billion Curtis Instruments acquisition
“we may be unable to consummate announced pending transactions, including the Curtis Instruments, Inc. acquisition, due to an inability to obtain necessary regulatory approvals”
Tariffs and reactions to US trade policy
“effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies;”
Tax changes from the One Big Beautiful Bill Act
“potentially adverse tax consequences, including any consequences from the One Big Beautiful Bill Act; and”
Fire at the Saegertown plant
“On February 9, 2025, a fire damaged a portion of our Saegertown, Pennsylvania facility, causing a pause in production.”
Generative AI adds to cyber risk
“the increased adoption of generative artificial intelligence may increase our vulnerability to cyber and data protection risks.”
Biggest risks named
- Weak demand in industrial end markets
- Tariffs and global trade policy uncertainty
- Acquisition risk, including the Curtis Instruments deal
- Significant debt and reliance on commercial paper
- Cybersecurity threats
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | +3 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 67 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Aug 21, 2026 | Pro | |||
| 10-K | Aug 22, 2025 | 67 | Improving | None | |
| 10-K | Aug 22, 2024 | 73 | Strong improvement | None | |
| 10-K | Aug 24, 2023 | 72 | Strong improvement | None | |
| 10-K | Aug 24, 2022 | 55 | Mixed | 1 medium1 minor | |
| 10-K | Aug 25, 2021 | 76 | Strong improvement | None | |
| 10-K | Aug 26, 2020 | 48 | Weakening | None | |
| 10-K | Aug 23, 2019 | 60 | Improving | None | |
| 10-K | Aug 24, 2018 | 75 | Strong improvement | 1 minor | |
| 10-K | Aug 25, 2017 | 76 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-K for FY2026 (period ended Jun 30, 2026), filed Aug 21, 2026. View filings on SEC EDGAR