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Parker-Hannifin Corporation

PH

Parker-Hannifin Corporation • NYSE
$861.70 ▲ 0.02% (+0.21)
Market Cap $110.08 B
52w High $869.36
52w Low $488.45
Dividend Yield 7.03%
P/E 30.68
Volume 218.18K
Outstanding Shares 127.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $5.084B ▼ $873M ▲ $808M ▼ 15.893% ▼ $6.39 ▼ $1.373B ▼
Q4-2025 $5.243B ▲ $839.435M ▲ $923.172M ▼ 17.607% ▼ $7.25 ▼ $1.4B ▲
Q3-2025 $4.96B ▲ $784.355M ▲ $960.866M ▲ 19.371% ▼ $7.48 ▲ $1.314B ▼
Q2-2025 $4.743B ▼ $765.814M ▼ $948.542M ▲ 20% ▲ $7.37 ▲ $1.492B ▲
Q1-2025 $4.904B $838.91M $698.42M 14.242% $5.43 $1.217B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $473M ▲ $30.677B ▲ $16.891B ▲ $13.777B ▲
Q4-2025 $467M ▲ $29.494B ▲ $15.803B ▲ $13.682B ▲
Q3-2025 $408.735M ▲ $28.918B ▲ $15.518B ▲ $13.391B ▲
Q2-2025 $395.507M ▲ $28.271B ▼ $15.144B ▼ $13.119B ▲
Q1-2025 $371.068M $29.601B $16.699B $12.892B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $808M ▼ $782M ▼ $-1.078B ▼ $306M ▲ $6M ▼ $693M ▼
Q4-2025 $923M ▼ $1.467B ▲ $-120.67M ▼ $-1.296B ▼ $58.265M ▲ $1.336B ▲
Q3-2025 $961.186M ▲ $630.028M ▼ $-67.337M ▼ $-576.819M ▲ $13.228M ▼ $542.368M ▼
Q2-2025 $948.649M ▲ $934.758M ▲ $498.615M ▲ $-1.393B ▼ $24.439M ▲ $813.567M ▲
Q1-2025 $698.528M $743.975M $-86.608M $-710.955M $-50.959M $648.673M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Aerospace Systems Segment
Aerospace Systems Segment
 $1.49Bn ▲$1.57Bn ▲$1.68Bn ▲$1.64Bn ▼
Diversified Industrial Segment
Diversified Industrial Segment
 $3.25Bn ▲$3.39Bn ▲$3.57Bn ▲$3.44Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past few years has been broadly stable at a high level, but profits have climbed meaningfully. The company has been steadily turning a larger share of its sales into operating profit and net income, which points to effective cost control, pricing power, and good integration of past acquisitions. Earnings per share have grown very strongly, helped both by better profitability and financial discipline. Overall, the income statement tells a story of a mature industrial business that is getting more efficient and more profitable over time, rather than simply chasing higher sales. Key risks on this front are cyclical exposure to industrial and aerospace demand, and the possibility that current strong margins could be pressured if the economy slows or input costs move against the company.

Balance Sheet

Balance Sheet The balance sheet shows a large and diversified asset base that expanded after sizable acquisitions and has since remained relatively steady. Shareholders’ equity has risen steadily, which is a healthy sign that retained earnings are building up and strengthening the company’s capital position over time. Debt is still significant but has been trending down from its peak following the big acquisition period. Cash on hand is modest compared with total debt, so the company relies more on its ability to generate cash than on a large cash cushion. Overall, leverage looks manageable given the earnings power, but it is high enough that ongoing discipline around debt reduction and refinancing remains important, especially in a higher interest rate environment.

Cash Flow

Cash Flow Cash generation is a clear strong point. Operating cash flow has grown steadily, generally moving in line with or slightly ahead of earnings, which supports the quality of reported profits. Free cash flow has also risen over time, even after accounting for consistent investment in equipment and facilities. Capital spending is relatively moderate for a company of this size, leaving plenty of room for debt repayment, dividends, and selective acquisitions. The pattern suggests a business that converts a good share of its profits into cash and has enough financial flexibility to navigate downturns, provided conditions do not deteriorate sharply for an extended period.

Competitive Edge

Competitive Edge Parker-Hannifin occupies a strong position in motion and control technologies, with deep roots across industrial and aerospace markets. Its competitive moat is built on several layers: a long-standing reputation for reliability, products that are often mission‑critical and deeply embedded in customers’ systems, and a very broad portfolio spanning hydraulics, pneumatics, filtration, electromechanical components, and more. High switching costs, an extensive global distribution and service network, and a sizable aftermarket business all help keep customers tied to Parker’s ecosystem. The company’s business system and culture of continuous improvement further support its edge. The main competitive risks come from other large diversified industrial players that are also investing heavily in electrification, automation, and digitalization, as well as from potential pricing pressure in more commoditized product lines.

Innovation and R&D

Innovation and R&D Innovation is a central pillar of Parker-Hannifin’s strategy. The company uses a structured development system to bring new products to market and has built specialized centers focused on areas like advanced filtration. It is pushing into high‑value technologies such as nanofiber filtration, intelligent hydraulic systems, lightweight composite components, and advanced aerospace systems. Parker is also leaning into long‑term trends: electrification of machinery and vehicles, cleaner and more efficient industrial processes, and smarter, connected products via industrial internet platforms. The acquisition of Meggitt significantly expanded its capabilities in aerospace and defense technologies. Execution risk remains around integrating acquisitions and staying ahead of rapid technological change, but the current innovation pipeline appears well aligned with structural growth areas rather than short‑term fads.

Summary

Parker-Hannifin looks like a mature industrial leader that has successfully shifted from primarily growing through sales volume to growing through better profitability and disciplined execution. Earnings and cash flow have strengthened meaningfully, the balance sheet is gradually de‑leveraging after major deals, and the company enjoys a durable competitive position supported by scale, reputation, and a sticky installed base. On the opportunity side, Parker is exposed to long‑run themes such as electrification, energy efficiency, aerospace and defense modernization, and industrial digitalization. Its broad portfolio and strong customer relationships give it multiple avenues to benefit from these trends. On the risk side, it remains tied to cyclical end markets, carries meaningful though declining debt, and faces intense competition from other well‑capitalized industrial groups. Overall, the financial and strategic profile is that of a high‑quality industrial franchise with solid fundamentals, but still subject to the usual swings and uncertainties that accompany global manufacturing businesses.

NEWS

November 11, 2025 · 7:30 AM UTC

Parker to Acquire Filtration Group Corporation, Significantly Expanding Filtration Offering and Aftermarket Business

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November 6, 2025 · 7:30 AM UTC

Parker Reports Fiscal 2026 First Quarter Results

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October 30, 2025 · 5:00 PM UTC

Parker to Announce Fiscal 2026 First Quarter Earnings on November 6; Conference Call and Webcast Scheduled for 11 a.m. Eastern

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October 22, 2025 · 5:00 PM UTC

Parker Declares Quarterly Cash Dividend

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October 14, 2025 · 5:00 PM UTC

Parker to Webcast Annual Meeting of Shareholders on October 22, 2025 at 9:00 a.m. Eastern

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