NYSE : PH
Parker-Hannifin Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 928.45 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 117.09B
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Financial statements
Parker-Hannifin Corporation (PH) reported revenue of 21.50B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 21.50B | 21.50B | 19.85B | 19.93B | 19.07B | 15.86B |
| Cost of Revenue | 13.43B | 13.43B | 12.50B | 12.77B | 12.62B | 10.55B |
| Gross Profit | 8.07B | 8.07B | 7.35B | 7.16B | 6.45B | 5.32B |
| Selling, General & Admin | 3.35B | 3.35B | 3.18B | 3.22B | 3.07B | 2.49B |
| Operating Expenses | 3.35B | 3.35B | 3.18B | 3.22B | 3.07B | 2.49B |
| Operating Income | 4.73B | 4.73B | 4.17B | 3.94B | 3.38B | 2.82B |
| Interest Expense | -401.00M | -401.00M | -409.00M | -506.00M | -574.00M | -255.25M |
| Interest & Investment Income | 14.00M | 14.00M | 11.00M | 15.00M | 46.00M | |
| Earnings From Equity Investments | 218.00M | 218.00M | 178.00M | 152.00M | 124.00M | |
| Currency Exchange Gain (Loss) | 31.00M | 31.00M | -46.00M | 38.00M | -46.00M | |
| Other Non Operating Income (Expenses) | -29.00M | -29.00M | 19.00M | -12.00M | 15.00M | -944.88M |
| EBT Excluding Unusual Items | 4.56B | 4.56B | 3.92B | 3.62B | 2.94B | 1.62B |
| Merger & Restructuring Charges | -113.00M | -113.00M | -56.00M | -53.00M | -627.00M | -14.75M |
| Gain (Loss) on Sale of Assets | 9.00M | 9.00M | 253.00M | 24.00M | 363.00M | 7.12M |
| Other Unusual Items | 84.00M | 84.00M | -8.00M | |||
| Pretax Income | 4.56B | 4.56B | 4.11B | 3.60B | 2.68B | 1.61B |
| Income Tax Expense | 914.00M | 914.00M | 575.00M | 750.00M | 596.00M | 298.04M |
| Earnings From Continuing Operations | 3.65B | 3.65B | 3.53B | 2.85B | 2.08B | 1.32B |
| Minority Interest in Earnings | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M | -581.00K |
| Net Income | 3.65B | 3.65B | 3.53B | 2.84B | 2.08B | 1.32B |
| Net Income to Common | 3.65B | 3.65B | 3.53B | 2.84B | 2.08B | 1.32B |
| Shares Outstanding (Basic) | 126.30M | 126.30M | 128.30M | 128.50M | 128.40M | 128.54M |
| Shares Outstanding (Diluted) | 128.10M | 128.10M | 130.20M | 130.20M | 129.90M | 130.36M |
| EPS (Basic) | 28.88 | 28.88 | 27.52 | 22.13 | 16.22 | 10.24 |
| EPS (Diluted) | 28.48 | 28.48 | 27.12 | 21.84 | 16.04 | 10.09 |
| Free Cash Flow | 3.90B | 3.90B | 3.34B | 2.98B | 2.60B | 2.21B |
| Free Cash Flow Per Share | 30.48 | 30.48 | 25.66 | 22.92 | 20.01 | 16.97 |
| Dividend Per Share | 7.40 | 7.40 | 6.69 | 6.07 | 5.47 | 4.42 |
| Gross Margin | 37.55% | 37.55% | 37.01% | 35.92% | 33.80% | 33.52% |
| Operating Margin | 21.99% | 21.99% | 20.98% | 19.75% | 17.72% | 17.79% |
| Profit Margin | 16.97% | 16.97% | 17.79% | 14.27% | 10.93% | 8.29% |
| Free Cash Flow Margin | 18.16% | 18.16% | 16.83% | 14.97% | 13.63% | 13.94% |
| EBITDA | 5.66B | 5.66B | 5.07B | 4.86B | 4.20B | 3.39B |
| EBITDA Margin | 26.35% | 26.35% | 25.55% | 24.40% | 22.01% | 21.40% |
| D&A For EBITDA | 937.00M | 937.00M | 907.00M | 927.00M | 818.00M | 571.76M |
| EBIT | 4.73B | 4.73B | 4.17B | 3.94B | 3.38B | 2.82B |
| EBIT Margin | 21.99% | 21.99% | 20.98% | 19.75% | 17.72% | 17.79% |
| Effective Tax Rate | 20.03% | 20.03% | 14.00% | 20.86% | 22.24% | 18.46% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 501.00M | 501.00M | 467.00M | 422.00M | 475.18M | 535.80M |
| Short-Term Investments | 27.86M | |||||
| Cash & Short-Term Investments | 501.00M | 501.00M | 467.00M | 422.00M | 475.18M | 563.66M |
| Accounts Receivable | 3.37B | 3.37B | 3.06B | 3.00B | 2.95B | 2.37B |
| Other Receivables | 243.00M | 243.00M | 234.00M | 238.00M | 206.88M | 168.87M |
| Receivables | 3.67B | 3.67B | 3.38B | 3.33B | 3.26B | 2.64B |
| Inventory | 3.17B | 3.17B | 2.84B | 2.79B | 2.91B | 2.21B |
| Prepaid Expenses | 355.00M | 355.00M | 263.00M | 253.00M | 191.00M | 254.62M |
| Restricted Cash | 6.10B | |||||
| Other Current Assets | 4.00M | 4.00M | 4.00M | 3.00M | 271.33M | |
| Total Current Assets | 7.70B | 7.70B | 6.95B | 6.80B | 6.83B | 12.05B |
| Property, Plant & Equipment | 3.22B | 3.22B | 3.13B | 3.10B | 3.10B | 2.26B |
| Long-Term Investments | 282.00M | 282.00M | 280.00M | 294.00M | 826.56M | 632.41M |
| Goodwill | 11.11B | 11.11B | 10.69B | 10.51B | 10.63B | 7.74B |
| Other Intangible Assets | 7.28B | 7.28B | 7.37B | 7.82B | 8.45B | 3.14B |
| Long-Term Accounts Receivable | 15.00M | 15.00M | 16.00M | 21.00M | 23.71M | 794.00K |
| Long-Term Deferred Tax Assets | 238.00M | 238.00M | 270.00M | 93.00M | 81.43M | 110.58M |
| Other Long-Term Assets | 1.04B | 1.04B | 781.00M | 666.00M | 21.58M | 21.44M |
| Total Assets | 30.88B | 30.88B | 29.49B | 29.30B | 29.96B | 25.94B |
| Accounts Payable | 2.44B | 2.44B | 2.13B | 1.99B | 2.05B | 1.73B |
| Accrued Expenses | 658.00M | 658.00M | 587.00M | 1.32B | 1.25B | 1.03B |
| Short-Term Debt | 1.05B | 1.05B | 1.78B | 2.15B | 1.78B | 1.42B |
| Current Portion of Long-Term Debt | 700.00M | 700.00M | 1.00M | 1.25B | 1.97B | 302.28M |
| Current Portion of Leases | 55.00M | 55.00M | 53.00M | 59.00M | 54.72M | 37.71M |
| Current Income Taxes Payable | 355.00M | 374.57M | 250.29M | |||
| Current Unearned Revenue | 192.00M | 192.00M | 211.00M | 184.00M | 244.80M | 60.47M |
| Other Current Liabilities | 1.00B | 1.00B | 1.06B | 1.02B | ||
| Total Current Liabilities | 6.10B | 6.10B | 5.82B | 7.31B | 7.74B | 5.86B |
| Long-Term Debt | 6.68B | 6.68B | 7.39B | 7.06B | 8.70B | 9.76B |
| Long-Term Leases | 250.00M | 250.00M | 256.00M | 278.00M | 288.33M | 108.91M |
| Long-Term Unearned Revenue | 95.00M | 95.00M | 71.00M | 78.00M | 78.24M | 2.23M |
| Pension & Post-Retirement Benefits | 224.00M | 224.00M | 267.00M | 437.00M | 551.51M | 639.94M |
| Long-Term Deferred Tax Liabilities | 1.63B | 1.63B | 1.49B | 1.58B | 1.65B | 307.04M |
| Other Long-Term Liabilities | 489.00M | 489.00M | 508.00M | 468.00M | 627.67M | 410.76M |
| Total Liabilities | 15.46B | 15.46B | 15.80B | 17.22B | 19.63B | 17.08B |
| Common Stock | 91.00M | 91.00M | 91.00M | 91.00M | 90.52M | 90.52M |
| Additional Paid-In Capital | 818.00M | 818.00M | 194.00M | 264.00M | 305.52M | 327.31M |
| Retained Earnings | 24.49B | 24.49B | 21.77B | 19.11B | 17.04B | 15.66B |
| Treasury Stock | -9.19B | -9.19B | -7.50B | -5.95B | -5.82B | -5.69B |
| Comprehensive Income & Other | -803.00M | -803.00M | -883.00M | -1.44B | -1.29B | -1.54B |
| Total Common Equity | 15.40B | 15.40B | 13.68B | 12.07B | 10.33B | 8.85B |
| Minority Interest | 9.00M | 9.00M | 9.00M | 9.00M | 11.39M | 11.91M |
| Shareholders' Equity | 15.41B | 15.41B | 13.69B | 12.08B | 10.34B | 8.86B |
| Total Liabilities & Equity | 30.88B | 30.88B | 29.49B | 29.30B | 29.96B | 25.94B |
| Total Debt | 8.73B | 8.73B | 9.49B | 10.79B | 12.80B | 11.63B |
| Net Cash (Debt) | -8.23B | -8.23B | -9.02B | -10.37B | -12.32B | -11.06B |
| Net Cash Per Share | -64.26 | -64.26 | -69.27 | -79.66 | -94.86 | -84.87 |
| Filing Date Shares Outstanding | 126.05M | 126.05M | 126.68M | 128.60M | 128.43M | 128.40M |
| Total Common Shares Outstanding | 126.10M | 126.10M | 126.60M | 128.60M | 128.43M | 128.45M |
| Working Capital | 1.60B | 1.60B | 1.13B | -514.00M | -901.14M | 6.19B |
| Book Value Per Share | 122.16 | 122.16 | 108.07 | 93.87 | 80.41 | 68.88 |
| Tangible Book Value | -2.98B | -2.98B | -4.39B | -6.25B | -8.75B | -2.03B |
| Tangible Book Value Per Share | -23.67 | -23.67 | -34.64 | -48.61 | -68.15 | -15.79 |
| Land | 424.00M | 424.00M | 411.00M | 380.00M | 385.38M | 322.02M |
| Buildings | 2.25B | 2.25B | 2.24B | 2.13B | 1.94B | 1.78B |
| Machinery | 4.58B | 4.58B | 4.43B | 4.22B | 4.08B | 3.59B |
| Construction In Progress | 385.00M | 385.00M | 333.00M | 349.00M | 342.29M | 204.02M |
| Order Backlog | 12.83B | 12.83B | 11.04B |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 3.65B | 3.65B | 3.53B | 2.84B | 2.08B | 1.32B |
| Depreciation & Amortization | 937.00M | 937.00M | 907.00M | 927.00M | 818.00M | 571.76M |
| Loss (Gain) From Sale of Assets | -9.00M | -9.00M | -253.00M | -24.00M | -362.00M | -7.12M |
| Loss (Gain) From Sale of Investments | 1.16M | |||||
| Stock-Based Compensation | 179.00M | 179.00M | 159.00M | 155.00M | 143.00M | 137.09M |
| Other Operating Activities | -95.00M | -95.00M | -415.00M | -153.00M | 157.00M | -320.16M |
| Change in Accounts Receivable | -114.00M | -114.00M | 6.00M | -85.00M | -17.00M | -179.13M |
| Change in Inventory | -272.00M | -272.00M | -94.00M | 101.00M | 53.00M | -212.13M |
| Change in Accounts Payable | 290.00M | 290.00M | 119.00M | -44.00M | 92.00M | 131.38M |
| Change in Income Taxes | -139.00M | -139.00M | -65.00M | -140.00M | 102.00M | 32.51M |
| Change in Other Net Operating Assets | -61.00M | -61.00M | -119.00M | -197.00M | -89.00M | 970.76M |
| Operating Cash Flow | 4.36B | 4.36B | 3.78B | 3.38B | 2.98B | 2.44B |
| Capital Expenditures | -459.00M | -459.00M | -435.00M | -400.00M | -381.00M | -230.04M |
| Sale of Property, Plant & Equipment | 40.00M | 40.00M | 32.00M | 9.00M | 13.00M | 39.35M |
| Cash Acquisitions | -1.01B | -1.01B | -7.15B | |||
| Divestitures | 16.00M | 16.00M | 623.00M | 78.00M | 473.00M | 3.37M |
| Investment in Securities | 3.91M | |||||
| Other Investing Activities | 27.00M | 27.00M | 4.00M | 15.00M | -1.14B | -235.43M |
| Investing Cash Flow | -1.39B | -1.39B | 224.00M | -298.00M | -8.18B | -418.84M |
| Short-Term Debt Issued | 359.00M | 358.00M | 1.42B | |||
| Long-Term Debt Issued | 23.00M | 23.00M | 751.00M | 24.00M | 2.02B | 3.60B |
| Total Debt Issued | 23.00M | 23.00M | 751.00M | 383.00M | 2.38B | 5.02B |
| Short-Term Debt Repaid | -736.00M | -736.00M | -364.00M | |||
| Long-Term Debt Repaid | -24.00M | -24.00M | -1.74B | -2.38B | -2.34B | -18.74M |
| Total Debt Repaid | -760.00M | -760.00M | -2.10B | -2.38B | -2.34B | -18.74M |
| Net Debt Issued (Repaid) | -737.00M | -737.00M | -1.35B | -2.00B | 40.00M | 5.00B |
| Issuance of Common Stock | 3.00M | 2.83M | ||||
| Repurchase of Common Stock | -1.26B | -1.26B | -1.77B | -332.00M | -297.00M | -460.06M |
| Common Dividends Paid | -936.00M | -936.00M | -861.00M | -781.00M | -703.00M | -569.29M |
| Other Financing Activities | 1.00M | 1.00M | 4.00M | -14.00M | -59.19M | |
| Financing Cash Flow | -2.93B | -2.93B | -3.98B | -3.12B | -971.00M | 3.92B |
| Foreign Exchange Rate Adjustments | -6.00M | -6.00M | 22.00M | -24.00M | -5.00M | -23.77M |
| Net Cash Flow | 34.00M | 34.00M | 45.00M | -53.00M | -6.17B | 5.91B |
| Free Cash Flow | 3.90B | 3.90B | 3.34B | 2.98B | 2.60B | 2.21B |
| Free Cash Flow Margin | 18.16% | 18.16% | 16.83% | 14.97% | 13.63% | 13.94% |
| Free Cash Flow Per Share | 30.48 | 30.48 | 25.66 | 22.92 | 20.01 | 16.97 |
| Levered Free Cash Flow | 2.96B | 2.96B | 3.00B | 2.74B | 7.28B | -3.42B |
| Unlevered Free Cash Flow | 3.21B | 3.21B | 3.25B | 3.06B | 7.64B | -3.26B |
| Cash Interest Paid | 385.00M | 385.00M | 384.00M | 491.00M | 465.00M | 240.31M |
| Cash Income Tax Paid | 1.06B | 1.06B | 927.00M | 852.00M | 411.00M | 549.22M |
| Change in Working Capital | -296.00M | -296.00M | -153.00M | -365.00M | 141.00M | 743.39M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 116.92B | 123.33B | 89.25B | 65.02B | 50.04B | 31.59B |
| Enterprise Value | 125.15B | 132.44B | 98.22B | 75.98B | 62.90B | 39.25B |
| Last Close Price | 899.82 | 976.15 | 691.06 | 495.32 | 376.96 | 233.68 |
| PE Ratio | 32.55 | 33.81 | 25.28 | 22.86 | 24.02 | 24.01 |
| Forward PE | 26.05 | 29.42 | 24.61 | 19.87 | 17.99 | 12.95 |
| PS Ratio | 5.43 | 5.74 | 4.50 | 3.26 | 2.62 | 1.99 |
| PB Ratio | 7.37 | 8.00 | 6.52 | 5.38 | 4.84 | 3.56 |
| P/FCF Ratio | 29.92 | 31.58 | 26.71 | 21.79 | 19.25 | 14.28 |
| P/OCF Ratio | 26.77 | 28.26 | 23.64 | 19.21 | 16.79 | 12.94 |
| PEG Ratio | 2.51 | 2.67 | 3.49 | 1.55 | 1.30 | 1.16 |
| EV/Sales Ratio | 5.82 | 6.16 | 4.95 | 3.81 | 3.30 | 2.47 |
| EV/EBITDA Ratio | 22.08 | 23.38 | 19.37 | 15.62 | 14.99 | 11.56 |
| EV/EBIT Ratio | 26.46 | 28.02 | 23.58 | 19.30 | 18.61 | 13.91 |
| EV/FCF Ratio | 32.03 | 33.92 | 29.40 | 25.46 | 24.20 | 17.75 |
| Debt / Equity Ratio | 0.57 | 0.57 | 0.69 | 0.89 | 1.24 | 1.31 |
| Debt / EBITDA Ratio | 1.52 | 1.52 | 1.84 | 2.18 | 3.00 | 3.37 |
| Debt / FCF Ratio | 2.24 | 2.24 | 2.84 | 3.62 | 4.92 | 5.26 |
| Net Debt / Equity Ratio | 0.53 | 0.53 | 0.66 | 0.86 | 1.19 | 1.25 |
| Net Debt / EBITDA Ratio | 1.45 | 1.45 | 1.78 | 2.13 | 2.94 | 3.26 |
| Net Debt / FCF Ratio | 2.11 | 2.11 | 2.70 | 3.48 | 4.74 | 5.00 |
| Asset Turnover | 0.71 | 0.71 | 0.68 | 0.67 | 0.68 | 0.69 |
| Inventory Turnover | 4.47 | 4.47 | 4.45 | 4.49 | 4.93 | 4.90 |
| Quick Ratio | 0.67 | 0.67 | 0.65 | 0.50 | 0.47 | 0.53 |
| Current Ratio | 1.26 | 1.26 | 1.19 | 0.93 | 0.88 | 2.06 |
| Return on Equity (ROE) | 25.08% | 25.08% | 27.41% | 25.38% | 21.71% | 15.24% |
| Return on Assets (ROA) | 9.79% | 9.79% | 8.86% | 8.30% | 7.56% | 7.62% |
| Return on Invested Capital (ROIC) | 15.96% | 16.31% | 15.86% | 13.81% | 12.34% | 13.42% |
| Return on Capital Employed (ROCE) | 19.10% | 19.10% | 17.60% | 17.90% | 15.20% | 14.10% |
| Earnings Yield | 3.07% | 2.96% | 3.96% | 4.37% | 4.16% | 4.17% |
| FCF Yield | 3.34% | 3.17% | 3.74% | 4.59% | 5.19% | 7.00% |
| Dividend Yield | 0.86% | 0.76% | 0.95% | 1.20% | 1.40% | 1.80% |
| Payout Ratio | 28.09% | 25.66% | 24.38% | 27.46% | 33.75% | 43.27% |
| Buyback Yield / Dilution | 1.61% | 1.61% | 0.16% | -0.23% | 0.35% | 0.37% |
| Total Shareholder Return | 2.48% | 2.37% | 1.10% | 0.97% | 1.75% | 2.16% |