Parker Hannifin (PH)
Industrials · $121B market cap · SEC CIK 0000076334
fundamentals score out of 100
Next reports on Nov 4, 2026, with analysts expecting $8.41 in earnings per share.
The case for PH
- Earns 25% back on shareholder equity.
- Generated $3.3B of free cash flow in FY2025, 17% of revenue.
- Revenue growing 8.3% year over year.
- Pays a modest 1.4% dividend.
The case against
- Pricey at 33.1× earnings, against a long-run market average nearer 20×.
- Weakest against its peers: price/sales of 5.6× is higher than 78% of Industrials companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 34 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 54 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 68 |
| Momentumhow the price has behaved lately | 64 |
| Stabilityhow violently it moves, what it owes and what it pays you | 58 |
- Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.
Key numbers
| Price / earnings | 33.1× |
|---|---|
| Price / book | 8.01× |
| Price / sales | 5.6× |
| Revenue growth (YoY) | +8.3% |
| EPS growth (YoY) | +5.0% |
| Gross margin | 38% |
| Operating margin | 22% |
| Net margin | 17% |
| Return on equity | 25% |
| Debt / equity | 0.55× |
| Current ratio | 1.26 |
| Dividend yield | 1.37% |
| Beta | 1.14 |
| 52-week range | $715.37 – $1,100 |
| Position in that range | 65% of the way up |
| 3-month return | +0.5% |
| 1-year return | +26.8% |
Five years of financials, as filed
Pulled from Parker Hannifin's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $19.9B | $19.9B | $19.1B | $15.9B | $14.3B |
| Operating income | $4.3B | $4.1B | $3.4B | $3.0B | $2.5B |
| Net income | $3.5B | $2.8B | $2.1B | $1.3B | $1.7B |
| Operating cash flow | $3.8B | $3.4B | $3.0B | $2.4B | $2.6B |
| Capital expenditure | $435M | $400M | $381M | $230M | $210M |
| Total assets | $30.5B | $28.3B | $29.7B | $30.5B | $22.4B |
| Total liabilities | $16.2B | $15.1B | $18.4B | $21.2B | $13.6B |
| Shareholder equity | $14.3B | $13.1B | $11.3B | $9.3B | $8.8B |
| Cash | $427M | $396M | $383M | $756M | $449M |
| Free cash flow | $3.3B | $3.0B | $2.6B | $2.2B | $2.4B |
| Operating margin | 21.9% | 20.4% | 17.9% | 18.8% | 17.1% |
| Net margin | 17.8% | 14.3% | 10.9% | 8.3% | 12.2% |
| Diluted shares | 130M | 130M | 130M | 130M | 131M |
Share count is essentially flat over 4 years.
What Parker Hannifin says it does
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. To align our operations and achieve our goal of top…
Risk factors PH lists in its 10-K
- Energy Matters and Sources and Availability of Raw Materials
- Enabling Engineering Breakthroughs that Lead to a Better Tomorrow
- The Win Strategy™ 3.0, Purpose and Values
- Information about our Executive Officers
- Risks arising from uncertainty in worldwide and regional economic conditions may harm our business and make it difficult to project long-term performance
- As a global business, we are exposed to economic, political and other risks in different countries in which we operate, which could materially reduce our sales, profitability or cash flows, or materially increase our liabilities
- Price and supply fluctuations of the raw materials used in our production processes and by our suppliers of component parts could negatively impact our financial results
- Our operations are subject to natural and man-made unexpected events that may increase our costs, interrupt production or our supply chain or otherwise adversely affect our business, results of operations or financial condition
- Changes in the demand for and supply of our products may adversely affect our financial results, financial condition and cash flow
- Changes in the competitive environment in which we operate may eliminate any competitive advantages that we currently have, which could adversely impact our business
- We operate in challenging markets for talent and may fail to attract, develop and retain key personnel
- We are subject to risks relating to acquisitions and joint ventures, the integration of acquired companies, and divestitures of certain product lines or categories
- Our results may be adversely affected if expanded operations from acquisitions are not effectively managed
- The Company may be subject to risks relating to organizational changes