Business Description
Parker-Hannifin Corporation, founded in 1918 and headquartered in Cleveland, Ohio, specializes in advanced motion and control technologies for sectors like aerospace and industrial automation. Under CEO Thomas L. Williams, the company leverages a diversified product portfolio that includes flagship hydraulic and filtration systems. Its business model, driven by both product innovation and strategic acquisitions, has secured a strong global market presence. Ongoing investments in digital and sustainable technologies signal promising future growth.
Financial Statements
In thousands, USD
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Total Revenues | 19,850,000 | 19,930,000 | 19,065,000 | 15,861,600 |
| Cost of Sales | 12,535,000 | 12,802,000 | 12,636,000 | 10,550,300 |
| Gross Profit | 7,315,000 | 7,128,000 | 6,429,000 | 5,311,300 |
| Selling, General & Administrative Expenses | 3,255,000 | 3,315,000 | 3,354,000 | 2,504,060 |
| Operating Profit | 4,060,000 | 3,813,000 | 3,075,000 | 2,807,240 |
| Interest Expense | (409,000) | (506,000) | (574,000) | (255,252) |
| Non-Operating Income | 456,000 | 288,000 | 179,000 | (937,760) |
| Total Non-Operating Income | 47,000 | (218,000) | (395,000) | (1,193,010) |
| Income Before Provision for Income Taxes | 4,107,000 | 3,595,000 | 2,680,000 | 1,614,230 |
| Provision for Income Taxes | 575,000 | 750,000 | 596,000 | 298,040 |
| Consolidated Net Income | 3,532,000 | 2,845,000 | 2,084,000 | 1,316,190 |
| Net Income Attributable to Minority Interests and Other | 1,000 | 1,000 | 1,000 | 581 |
| Net Income Attributable to Common Shareholders | 3,531,000 | 2,844,000 | 2,083,000 | 1,315,610 |
| Basic EPS | 27.52 | 22.13 | 16.23 | 10.24 |
| Diluted EPS | 27.12 | 21.84 | 16.04 | 10.09 |
| Basic Weighted Average Shares Outstanding | 128,300 | 128,500 | 128,400 | 128,539 |
| Diluted Weighted Average Shares Outstanding | 130,200 | 130,200 | 129,900 | 130,353 |
| Shares Outstanding | 126,600 | 128,604 | 128,433 | 128,451 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Cash and Cash Equivalents | 467,000 | 422,000 | 475,182 | 535,799 |
| Short-Term Investments | — | — | — | 27,862 |
| Total Cash and Cash Equivalents | 467,000 | 422,000 | 475,182 | 563,661 |
| Accounts Receivable | 2,910,000 | 2,866,000 | 2,827,300 | 2,341,500 |
| Other Receivables | 318,000 | 331,000 | 309,167 | 543,757 |
| Total Trade Receivables | 3,228,000 | 3,197,000 | 3,136,460 | 2,885,260 |
| Inventories | 2,839,000 | 2,787,000 | 2,907,880 | 2,214,550 |
| Other Current Assets | 416,000 | 393,000 | 314,704 | 6,383,170 |
| Total Current Assets | 6,950,000 | 6,799,000 | 6,834,230 | 12,046,600 |
| Net Property, Plant & Equipment | 2,937,000 | 2,876,000 | 2,865,030 | 2,122,760 |
| Net Intangible Assets | 7,374,000 | 7,816,000 | 8,450,610 | 3,135,820 |
| Goodwill | 10,694,000 | 10,507,000 | 10,628,600 | 7,740,080 |
| Long-Term Investments | — | — | 1,104,580 | 788,057 |
| Other Long-Term Assets | 1,539,000 | 1,300,000 | 81,429 | 110,585 |
| Total Assets | 29,494,000 | 29,298,000 | 29,964,500 | 25,943,900 |
| Accounts Payable | 2,126,000 | 1,992,000 | 2,050,930 | 1,731,930 |
| Accrued Expenses | 969,000 | 936,000 | 1,025,890 | 720,424 |
| Short-Term Debt | 1,791,000 | 3,403,000 | 3,763,180 | 1,724,310 |
| Other Current Liabilities | 933,000 | 982,000 | 895,371 | 1,682,660 |
| Total Current Liabilities | 5,819,000 | 7,313,000 | 7,735,370 | 5,859,320 |
| Long-Term Debt | 7,494,000 | 7,157,000 | 8,796,280 | 9,755,830 |
| Other Long-Term Liabilities | 2,490,000 | 2,747,000 | 3,094,540 | 1,468,880 |
| Total Long-Term Liabilities | 9,984,000 | 9,904,000 | 11,890,800 | 11,224,700 |
| Total Liabilities | 15,803,000 | 17,217,000 | 19,626,200 | 17,084,000 |
| Common Stock | 91,000 | 91,000 | 90,523 | 90,523 |
| Treasury Stock | (7,495,000) | (5,950,000) | (5,817,790) | (5,688,430) |
| Additional Paid-in Capital | 194,000 | 264,000 | 305,522 | 327,307 |
| Accumulated Other Comprehensive Income | (883,000) | (1,438,000) | (1,292,870) | (1,543,200) |
| Retained Earnings | 21,775,000 | 19,105,000 | 17,041,500 | 15,661,800 |
| Total Common Shareholders' Equity | 13,682,000 | 12,072,000 | 10,326,900 | 8,848,010 |
| Minority Interests and Other | 9,000 | 9,000 | 11,391 | 11,909 |
| Total Shareholders' Equity | 13,691,000 | 12,081,000 | 10,338,300 | 8,859,920 |
| Total Liabilities and Shareholders' Equity | 29,494,000 | 29,298,000 | 29,964,500 | 25,943,900 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Income | 3,532,000 | 2,845,000 | 2,084,000 | 1,316,190 |
| Depreciation & Amortization | 907,000 | 927,000 | 818,000 | 571,764 |
| Share-Based Compensation Expense | 159,000 | 155,000 | 143,000 | 137,093 |
| Other Adjustments | (517,000) | 2,000 | (206,000) | (326,707) |
| Changes in Trade Receivables | 6,000 | (85,000) | (17,000) | (179,126) |
| Changes in Inventories | (94,000) | 101,000 | 53,000 | (212,134) |
| Changes in Accounts Payable | 119,000 | (44,000) | 92,000 | 131,384 |
| Changes in Accrued Expenses | (171,000) | (137,000) | 200,000 | 984,307 |
| Changes in Income Taxes Payable | (18,000) | 27,000 | 102,000 | 32,514 |
| Changes in Other Operating Activities | (147,000) | (407,000) | (289,000) | (13,551) |
| Cash from Operating Activities | 3,776,000 | 3,384,000 | 2,980,000 | 2,441,730 |
| Capital Expenditure | (435,000) | (400,000) | (381,000) | (230,044) |
| Proceeds from Sale of Property, Plant & Equipment | 32,000 | 9,000 | 13,000 | 39,353 |
| Purchases of Investments | — | — | — | (27,895) |
| Proceeds from Sale of Investments | — | — | — | 31,809 |
| Payments for Business Acquisitions | — | — | (7,146,000) | — |
| Proceeds from Business Divestments | 623,000 | 78,000 | 473,000 | 3,366 |
| Other Investing Activities | 4,000 | 15,000 | (1,136,000) | (235,426) |
| Cash from Investing Activities | 224,000 | (298,000) | (8,177,000) | (418,837) |
| Issuance of Short-Term Debt | (364,000) | 359,000 | 358,000 | 1,422,030 |
| Net Issuance / (Repayments) of Short-Term Debt | (364,000) | 359,000 | 358,000 | 1,422,030 |
| Issuance of Long-Term Debt | 751,000 | 24,000 | 2,023,000 | 3,598,060 |
| Repayments of Long-Term Debt | (1,741,000) | (2,385,000) | (2,341,000) | (18,737) |
| Net Issuance / (Repayments) of Long-Term Debt | (990,000) | (2,361,000) | (318,000) | 3,579,320 |
| Issuance of Common Shares | 4,000 | 4,000 | 3,000 | 2,831 |
| Repurchases of Common Shares | (1,766,000) | (332,000) | (297,000) | (460,056) |
| Net Issuance / (Repurchases) of Common Shares | (1,762,000) | (328,000) | (294,000) | (457,225) |
| Common Share Dividends Paid | (861,000) | (782,000) | (704,000) | (569,855) |
| Other Financing Activities | — | (3,000) | (13,000) | (58,629) |
| Cash from Financing Activities | (3,977,000) | (3,115,000) | (971,000) | 3,915,640 |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 22,000 | (24,000) | (5,000) | (23,770) |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | 45,000 | (53,000) | (6,173,000) | 5,914,760 |
Key Metrics & Ratios
| Metric | Value |
|---|---|
| Market Cap | $88.43B |
| P/E | 25.75x |
| P/S | 4.45x |
| EV/EBITDA | 19.58x |
| Return on Equity | 27.4% |
| Return on Invested Capital | 13.2% |
| Current Ratio | 1.19x |
| Dividend Yield | 1.0% |
| Free Cash Flow Margin | 16.8% |
Margins
Gross margin
36.9%
Operating margin
20.5%
Net margin
17.8%
Quarterly Trend
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|---|---|---|---|
| Q3 2026 | $5.49B | +10.6% | 20.7% | $1.13B |
| Q2 2026 | $5.17B | +9.1% | 21.1% | $1.09B |
| Q1 2026 | $5.08B | +3.7% | 20.3% | $1.03B |
| Q4 2025 | $5.24B | +1.1% | 21.3% | $1.12B |
| Q3 2025 | $4.96B | — | 21.1% | $1.05B |
| Q2 2025 | $4.74B | — | 19.8% | $939M |
| Q1 2025 | $4.90B | — | 19.5% | $957M |
| Q4 2024 | $5.19B | — | 20.2% | $1.05B |
More on Parker-Hannifin Corporation
Figures compiled from public company filings.
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