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Parker Hannifin (PH) stock

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NYSE: PH NYSE Industrial Machinery & Supplies & Components Next results ~November 5, 2026

B Fundamentals grade

Parker Hannifin is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$590

Cash-flow model

Base case. Range ~$420–$800 across our lower- and higher-growth cases (1.2%–11.2% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 37% below it.

Price used: $928.29, November 2, 2026

Parker Hannifin valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Parker Hannifin files

Where Parker Hannifin stands after its latest 10-K

Revenue for the twelve months to June 2026 was $21.5bn, up 8.3% on a year earlier, faster than 6.0% a quarter earlier. That growth ranks 2 of 14 among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin rose to 18.2% from 16.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $509 a share, against a share price of $941. At that price, our model says the market is pricing in about 16.5% a year of cash-flow growth for five years, faster than the 8.4% a year revenue growth it has delivered.

Source: 10-K filed August 21, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Parker Hannifin's trailing-twelve-month revenue grew 8.3% year on year, with a free-cash-flow margin of 18.2%. Where it stands out: operating margin of 23.6% ranks 6 of 75 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$590 per share in the base case (~$420–$800 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 8.3% (+2.3pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.0% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $928.29 is 37% above our value per share of $590.
  • Insiders selling. 14 insiders sold $50M of stock over the past 365 days and none bought (0% under pre-set trading plans).

Latest results: FY2026 Q4

Filed August 21, 2026
Earnings per share
$9.27 against an average estimate of $8.27: beat by 12.1%
Revenue
$5.75bn, up 9.8% on a year earlier
Share reaction
+7.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
reported sales growth growth 5.5% to 8.5% (fiscal 2027); organic sales growth growth 5.5% to 8.5% (fiscal 2027)
Next report
November 5, 2026; average EPS estimate $8.17

Parker Hannifin's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.2%
  • 1 week+2.6%
  • 1 month-4.6%
  • This year+6.3%
  • 1 year+21.1%
  • 5 years+225.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$21.5B
Operating margin
23.6%
Net margin
17.0%
EPS (TTM, diluted)
$28.48

Growth

Revenue growth
+8.3%
Change in growth rate
+2.3 pts
Share count change
−1.6%

Cash

Free cash flow (TTM)
$3.9B
FCF margin
18.2%
Stock pay % of revenue
0.8%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Announcement
  3. Announcement
  4. Announcement
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Deal
  11. Results
  12. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Parker Hannifin valuation models and calculator

What the price is pricing in

The share price implies about 14.8% a year of cash-flow growth for five years.That is faster than the 8.4% a year revenue growth Parker Hannifin has delivered.

  • Priced in14.8%
  • Last 12 months8.3%
  • 3 years a year4.1%
  • 5 years a year8.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($937.58, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$590
Price used
$937.58close November 3, 2026
Implied change
▼ 37%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Parker Hannifin's free cash flow after stock-based pay with after-tax interest added back ($3.8B, FY2026 Q4 TTM), growing 11.2% and 6.8% in the next two years (forecasts, guidance and its record), then back to 6.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$420–~$800 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Parker Hannifin's free cash flow after stock-based pay ( $3.8B, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Parker Hannifin as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.06 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$590 ~$420–$800 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$690 ~$620–$890 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$410 ~$300–$560 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$360 ~$310–$420 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$530 ~$360–$690 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Parker Hannifin with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +36%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +8%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $355$507$710$976$1323$1772
8.5% $255$365$511$702$949$1268
10% $194$280$392$538$726$968

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$92.60$139.57$138.27$153.67$168.99$287.37$233.68$376.96$495.32$691.06$976.15
Market value$12.7bn$18.9bn$18.7bn$20.3bn$21.9bn$37.6bn$30.5bn$49.0bn$64.5bn$90.0bn$125.0bn
+ Net debt (− = net cash)$2.1bn$5.5bn$4.7bn$4.5bn$8.5bn$5.9bn$12.3bn$13.9bn$12.2bn$10.6bn$9.0bn
Enterprise value$14.8bn$24.4bn$23.4bn$24.7bn$30.4bn$43.4bn$42.8bn$62.9bn$76.7bn$100.6bn$134.1bn
Multiples
Price / sales 1.1x1.6x1.3x1.4x1.6x2.6x1.9x2.6x3.2x4.5x5.8x
Price / earnings 15.7x19.2x17.7x13.3x18.2x21.5x23.2x23.5x22.7x25.5x34.3x
Price / free cash flow 11.9x17.2x13.9x13.2x11.9x15.9x13.8x18.8x21.6x26.9x32.0x
EV / EBITDA 8.4x12.3x10.3x10.0x13.7x15.9x13.2x16.9x17.4x21.4x24.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

70 /100

Moderate moat

How hard Parker Hannifin's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 7.7% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 33.3%, moving by 5.3 percentage points (standard deviation) across 10 years.

  • Durability 15 / 20

    Operating margin has been a median 17.5%; its worst year was 14.4%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.8% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 2.1% over five years; stock-based pay has been a median 0.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $5.8bn and EPS of $8.17 (range $8.07 to $8.39) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $35.57 +10% $24.7bn +15%
Next $39.75 +12% $26.6bn +8%

Next year's EPS estimate has moved +6.0% in 90 days, across 17 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 2 analysts raised Parker Hannifin's forecast and 0 cut it.

Consensus EPS forecast Parker Hannifin, last 90 days
$34.00 $36.00 $38.00 $40.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $34.11 Current fiscal year, 60 days ago: $35.33 Current fiscal year, 30 days ago: $35.39 Current fiscal year, 7 days ago: $35.57 Current fiscal year, Now: $35.57 $35.57 Next fiscal year, 90 days ago: $37.51 Next fiscal year, 60 days ago: $39.19 Next fiscal year, 30 days ago: $39.31 Next fiscal year, 7 days ago: $39.75 Next fiscal year, Now: $39.75 $39.75

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $34.11$37.51
60 days ago $35.33$39.19
30 days ago $35.39$39.31
7 days ago $35.57$39.75
Now $35.57$39.75

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $8.27 $9.27 +12.1%
Mar 2026 $7.83 $8.17 +4.4%
Dec 2025 $7.17 $7.65 +6.8%
Sept 2025 $6.62 $7.22 +9.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Reported sales growth fiscal 2027 5.5% growth to 8.5% growth New
    “Reported sales growth of 5.5% to 8.5%” source
  • Organic sales growth fiscal 2027 5.5% growth to 8.5% growth Non-GAAP New
    “Organic sales growth of 5.5% to 8.5%; previously completed acquisitions of 0.5%, and unfavorable currency of 0.5%” source
  • Organic growth fiscal 2031 4% growth to 6% growth Non-GAAP Maintained
    “In addition, we remain committed to achieving 4 to 6% organic growth, 17% free cash flow margin and greater than 10% adjusted earnings per share growth by fiscal 2031.” source
  • EPS fiscal 2027 $30.00 to $31.00 New
    “EPS of $30.00 to $31.00, or $34.25 to $35.25 on an adjusted basis” source
  • Adjusted EPS fiscal 2027 $34.25 to $35.25 Non-GAAP New
    “EPS of $30.00 to $31.00, or $34.25 to $35.25 on an adjusted basis” source
  • Adjusted earnings per share growth fiscal 2031 about 10% growth Non-GAAP Maintained
    “In addition, we remain committed to achieving 4 to 6% organic growth, 17% free cash flow margin and greater than 10% adjusted earnings per share growth by fiscal 2031.” source
Show 4 more items
  • Segment operating margin fiscal 2027 24.5% to 24.9% New
    “Segment operating margin of 24.5% to 24.9%, or 27.5% to 27.9% on an adjusted basis” source
  • Adjusted segment operating margin fiscal 2027 27.5% to 27.9% Non-GAAP New
    “Segment operating margin of 24.5% to 24.9%, or 27.5% to 27.9% on an adjusted basis” source
  • Adjusted segment operating margin target fiscal 2031 about 30% Non-GAAP Raised
    “Our proven ability to execute The Win Strategy™ and successfully integrate accretive acquisitions gives us the confidence to raise our adjusted segment operating margin target by 300 basis points to 30% by fiscal 2031, after surpassing our previous margin target of 27% this year.” source
  • Free cash flow margin fiscal 2031 about 17% Maintained
    “In addition, we remain committed to achieving 4 to 6% organic growth, 17% free cash flow margin and greater than 10% adjusted earnings per share growth by fiscal 2031.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Parker Hannifin's revenue by +11.2% next year and +6.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+14.8%, weight 56%) , management guidance (+7.0%, weight 19%) and the company's own record (+6.2%, weight 25%) . How the weights are set.

Analyst recommendations

26 analysts, Oct 2026
Buy1973%
Hold623%
Sell14%

Monthly trend

  1. Oct 2026316626
  2. Sep 2026316626
  3. Aug 2026316525
  4. Jul 2026316525

Counts of recommendations published by analysts covering Parker Hannifin, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.2%
of tradable shares
Days to cover
2.75
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
0.2%
of shares
Employees
59,850
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +21.1%

$766.45 on October 31, 2025 to $928.29

ThenNowEffect
Revenue (last 12 months) $19.9bn $21.5bn +8.3%
Net margin 17.8% 17.0% −4.6%
P/E multiple 28.3x 32.6x +15.3%
Share count 130m 128m +1.6%

Biggest factor: p/e multiple.

Last 3 years +138.5%

$389.18 on November 3, 2023 to $928.29

ThenNowEffect
Revenue (last 12 months) $19.1bn $21.5bn +12.8%
Net margin 10.9% 17.0% +55.3%
P/E multiple 24.3x 32.6x +34.3%
Share count 130m 128m +1.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PH+18%−7%+61%+40%+40%+6%
Industry peers (median)+19%−15%+19%+2%+9%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PH50%33%58%67%75%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PH−14%−27%−16%−11%−27%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 55% from February 20, 2020 to March 23, 2020. Getting back needed a 121% gain, reached on September 2, 2020, 163 days after the low.

Price behaviour

52-week range
$762.64 – $1071.71
From 52-week high
−13.4%
vs 50-day average
−2.7%
vs 200-day average
−1.9%
Volatility (1 year)
28%
Beta vs S&P 500
0.85

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
10 up, 2 down
typical move ±5.9%
After a week
11 up, 1 down
typical move ±8.0%
After a month
8 up, 4 down
typical move ±10.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +7.7% +0.5% +6.2% −3.2%
April 30, 2026 −6.9% +1.3% −6.4% −12.9%
January 29, 2026 +2.1% −0.5% +5.6% +10.6%
November 6, 2025 +9.3% −1.0% +9.0% +13.9%
August 7, 2025 +4.4% +0.7% +6.9% +9.3%
May 1, 2025 +2.3% +2.2% +6.0% +9.4%
January 30, 2025 +6.2% 0.0% +3.9% −2.1%
October 31, 2024 +1.7% −1.5% +10.5% +12.5%
August 8, 2024 +11.2% +2.8% +15.3% +13.5%
May 2, 2024 −1.2% +2.2% +3.6% −5.2%
February 1, 2024 +9.9% +2.4% +11.3% +15.6%
November 2, 2023 +8.3% +2.8% +11.4% +18.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Parker Hannifin’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

PH Parker Hannifin Grade B $926.7

Own 100 shares, sell the $930 call expiring December 18, 2026 (46 days) for $44.20 a share — $4,420 per contract.

Previous session · Bid $44.20, ask $51.00, quoted Mon 2 Nov, 17:33 New York time with PH at $926.7. Option prices move with the shares: check the live chain at your broker before trading.

  • If PH ends below $930: you keep your shares and the $4,420 — 4.8% extra on the position, 37.8% a year at that pace.
  • If it ends above $930: your shares are sold at $930, a total return of 5.1% including the premium — at or above our value of ~$590.
$4.7k $0 −$17.7k Break-even $882.5 Price $926.7 ← Our value ~$590
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$4,420
Annualised
37.8%
Break-even
$882.5
Max gain
$4,750
Chance of selling
~53%

Results are expected around November 5, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Parker Hannifin in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Parker Hannifin
$19.5B $20B $20.5B $21B $21.5B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $19.7B Revenue (TTM), FY24 Q2: $19.8B Revenue (TTM), FY24 Q3: $19.8B Revenue (TTM), FY24 Q4: $19.9B Revenue (TTM), FY25 Q1: $20B Revenue (TTM), FY25 Q2: $19.9B Revenue (TTM), FY25 Q3: $19.8B Revenue (TTM), FY25 Q4: $19.9B Revenue (TTM), FY26 Q1: $20B Revenue (TTM), FY26 Q2: $20.5B Revenue (TTM), FY26 Q3: $21B Revenue (TTM), FY26 Q4: $21.5B $21.5B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $19.7B
FY24 Q2 $19.8B
FY24 Q3 $19.8B
FY24 Q4 $19.9B
FY25 Q1 $20B
FY25 Q2 $19.9B
FY25 Q3 $19.8B
FY25 Q4 $19.9B
FY26 Q1 $20B
FY26 Q2 $20.5B
FY26 Q3 $21B
FY26 Q4 $21.5B
Revenue growth, TTM YoY Parker Hannifin
-10% 0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 20.5% Revenue growth, TTM YoY, FY24 Q2: 15.4% Revenue growth, TTM YoY, FY24 Q3: 9.3% Revenue growth, TTM YoY, FY24 Q4: 4.5% Revenue growth, TTM YoY, FY25 Q1: 1.6% Revenue growth, TTM YoY, FY25 Q2: 0.4% Revenue growth, TTM YoY, FY25 Q3: -0.2% Revenue growth, TTM YoY, FY25 Q4: -0.4% Revenue growth, TTM YoY, FY26 Q1: 0.2% Revenue growth, TTM YoY, FY26 Q2: 2.8% Revenue growth, TTM YoY, FY26 Q3: 6.0% Revenue growth, TTM YoY, FY26 Q4: 8.3% 8.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 20.5%
FY24 Q2 15.4%
FY24 Q3 9.3%
FY24 Q4 4.5%
FY25 Q1 1.6%
FY25 Q2 0.4%
FY25 Q3 -0.2%
FY25 Q4 -0.4%
FY26 Q1 0.2%
FY26 Q2 2.8%
FY26 Q3 6.0%
FY26 Q4 8.3%
Operating margin (TTM) Parker Hannifin
18% 20% 22% 24% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 18.3% Operating margin (TTM), FY24 Q2: 19.6% Operating margin (TTM), FY24 Q3: 20.3% Operating margin (TTM), FY24 Q4: 20.4% Operating margin (TTM), FY25 Q1: 20.8% Operating margin (TTM), FY25 Q2: 21.0% Operating margin (TTM), FY25 Q3: 21.5% Operating margin (TTM), FY25 Q4: 21.9% Operating margin (TTM), FY26 Q1: 22.3% Operating margin (TTM), FY26 Q2: 22.8% Operating margin (TTM), FY26 Q3: 22.8% Operating margin (TTM), FY26 Q4: 23.6% 23.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 18.3%
FY24 Q2 19.6%
FY24 Q3 20.3%
FY24 Q4 20.4%
FY25 Q1 20.8%
FY25 Q2 21.0%
FY25 Q3 21.5%
FY25 Q4 21.9%
FY26 Q1 22.3%
FY26 Q2 22.8%
FY26 Q3 22.8%
FY26 Q4 23.6%
FCF margin (TTM) Parker Hannifin
14% 16% 18% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 14.1% FCF margin (TTM), FY24 Q2: 14.4% FCF margin (TTM), FY24 Q3: 14.8% FCF margin (TTM), FY24 Q4: 15.0% FCF margin (TTM), FY25 Q1: 15.4% FCF margin (TTM), FY25 Q2: 16.6% FCF margin (TTM), FY25 Q3: 15.8% FCF margin (TTM), FY25 Q4: 16.8% FCF margin (TTM), FY26 Q1: 16.9% FCF margin (TTM), FY26 Q2: 16.3% FCF margin (TTM), FY26 Q3: 17.5% FCF margin (TTM), FY26 Q4: 18.2% 18.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 14.1%
FY24 Q2 14.4%
FY24 Q3 14.8%
FY24 Q4 15.0%
FY25 Q1 15.4%
FY25 Q2 16.6%
FY25 Q3 15.8%
FY25 Q4 16.8%
FY26 Q1 16.9%
FY26 Q2 16.3%
FY26 Q3 17.5%
FY26 Q4 18.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 10.0 12.3 13.1 13.0 13.2 12.7 11.4 12.0 14.3 14.3 13.7 14.3 15.9 19.1 19.9 19.9 21.5
Gross profit 2.1 3.0 3.2 2.9 3.0 3.1 2.5 2.8 3.6 3.6 3.4 4.7 5.3 6.4 7.1 7.3 8.1
EBITDA 1.4 2.1 2.2 2.0 2.0 2.0 1.8 2.0 2.3 2.5 2.2 2.7 3.2 3.7 4.4 4.7 5.4
Operating income 1.1 1.8 2.0 1.8 1.8 1.8 1.6 1.8 2.0 2.2 2.0 2.5 3.0 3.4 4.1 4.3 5.1
Net income 0.6 1.0 1.2 0.9 1.0 1.0 0.8 1.0 1.1 1.5 1.2 1.7 1.3 2.1 2.8 3.5 3.6
Diluted EPS $3.40 $6.37 $7.45 $6.26 $6.87 $6.97 $5.89 $7.25 $7.83 $11.57 $9.26 $13.35 $10.09 $16.04 $21.84 $27.12 $28.48
Growth (year on year)
Revenue −3.1% +23.5% +6.5% −1.0% +1.5% −3.8% −10.6% +5.9% +18.9% +0.1% −4.4% +4.8% +10.6% +20.2% +4.5% −0.4% +8.3%
EBITDA +10.5% +47.9% +7.8% −9.4% −0.0% +1.8% −13.5% +12.9% +14.2% +8.2% −9.8% +23.0% +18.4% +15.1% +18.7% +6.4% +15.3%
Operating income +13.8% +59.5% +9.8% −10.5% −0.1% +2.7% −14.3% +13.6% +13.9% +9.7% −12.1% +25.1% +20.9% +14.4% +19.5% +6.8% +16.6%
Net income +9.0% +89.4% +9.8% −17.7% +9.8% −2.8% −20.3% +21.9% +7.9% +43.7% −21.2% +45.3% −24.7% +58.3% +36.5% +24.1% +3.3%
Diluted EPS +8.6% +87.4% +17.0% −16.0% +9.7% +1.5% −15.5% +23.1% +8.0% +47.8% −20.0% +44.2% −24.4% +59.0% +36.2% +24.2% +5.0%
Margins
Gross margin 21.5% 24.0% 24.2% 22.5% 22.9% 24.0% 22.3% 23.6% 24.9% 25.4% 24.8% 33.1% 33.5% 33.7% 35.8% 36.9% 37.7%
EBITDA margin 13.9% 16.6% 16.8% 15.4% 15.2% 16.1% 15.5% 16.6% 15.9% 17.2% 16.2% 19.0% 20.4% 19.5% 22.2% 23.7% 25.2%
Operating margin 11.4% 14.8% 15.2% 13.8% 13.5% 14.5% 13.9% 14.9% 14.3% 15.6% 14.4% 17.1% 18.8% 17.9% 20.4% 21.9% 23.6%
Net margin 5.5% 8.5% 8.8% 7.3% 7.9% 8.0% 7.1% 8.2% 7.4% 10.6% 8.8% 12.2% 8.3% 10.9% 14.3% 17.8% 17.0%
Free-cash-flow margin 10.9% 7.8% 10.0% 7.1% 8.9% 9.0% 9.3% 9.1% 9.4% 10.7% 13.4% 16.5% 13.9% 13.6% 15.0% 16.8% 18.2%
Cash flow
Cash from operations 1.2 1.2 1.5 1.2 1.4 1.4 1.2 1.3 1.6 1.7 2.1 2.6 2.4 3.0 3.4 3.8 4.4
Capital spending 0.1 0.2 0.2 0.3 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.4 0.4 0.4 0.5
Free cash flow 1.1 1.0 1.3 0.9 1.2 1.1 1.1 1.1 1.3 1.5 1.8 2.4 2.2 2.6 3.0 3.3 3.9
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2
Free cash flow after stock pay 1.0 0.9 1.2 0.8 1.1 1.1 1.0 1.0 1.2 1.4 1.7 2.2 2.1 2.5 2.8 3.2 3.7
Balance sheet
Cash 0.6 0.7 0.8 1.8 1.6 1.2 1.2 0.9 0.8 3.2 0.7 0.7 0.5 0.5 0.4 0.5 0.5
Total debt 2.1 1.8 1.7 4.2 3.1 2.9 3.3 6.4 5.5 7.7 9.2 6.6 12.9 14.4 12.7 11.1 9.5
Net debt (negative = net cash) 1.6 1.1 0.9 2.4 1.5 1.8 2.1 5.5 4.7 4.5 8.5 5.9 12.3 13.9 12.2 10.6 9.0
Diluted shares 163m 165m 155m 152m 151m 145m 137m 136m 135m 132m 130m 131m 130m 130m 130m 130m 128m
Returned to shareholders
Dividends 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.7 0.8 0.9 0.9
Buybacks 0.0 0.7 0.5 0.3 0.2 1.4 0.6 0.3 0.4 0.9 0.2 0.2 0.5 0.3 0.3 1.8 1.3
Total returned 0.2 0.9 0.7 0.5 0.5 1.8 0.9 0.7 0.7 1.3 0.7 0.7 1.0 1.0 1.1 2.6 2.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $30.9bn
Short-term assets $7.7bnLonger-term assets $23.2bn
What it owes, and who funded it · $30.9bn
Short-term liabilities $6.1bnLonger-term liabilities $9.4bnShareholders' equity $15.4bn
  • Short-term assets cover short-term liabilities $7.7bn of assets due within a year against $6.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $7.7bn short-term assets against $9.4bn of longer-dated liabilities.
  • More cash than debt $501m of cash against $8.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 53% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 71% to 53% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.4bn of operating cash flow against $8.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $5.1bn against $401m of interest.

From Parker Hannifin's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$1.3B
Dividends (TTM)
$936M
Returned to shareholders
56%
of free cash flow
Buybacks, last 3 fiscal years
$3.4B
Diluted share count
−1.6%
year over year
Total shareholder yield
1.9%
dividends 0.8% + buybacks 1.1% of market value
Dividend payout ratio
26%
of net income paid out
Sales & admin spending
16.1%
of revenue
Days sales outstanding
54 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated PH GWW ITW SWK OTIS XYL Median
Revenue, last 12 months $21.5bn $18.8bn $16.6bn $15.2bn $15.1bn $9.1bn $1.4bn
Revenue growth, last 12 months 8.3% 7.8% 4.8% 0.6% 5.8% 1.9% 8.3%
Revenue growth, 3-year average 4.1% 5.6% 1.1% −2.0% 2.6% 10.3% 4.0%
Revenue growth, latest quarter 9.8% 10.3% 4.4% 0.4% 6.1% −3.0% 9.1%
Gross margin 37.7% 39.4% 53.1% 31.9% 29.6% 39.8% 35.2%
Operating margin 23.6% 14.6% 26.6% 16.7% 15.3% 15.1% 13.1%
Operating margin, 3-year average 22.0% 15.0% 26.4% 14.5% 14.6% 13.1% 13.7%
Net margin 17.0% 9.9% 19.4% 4.1% 10.3% 11.9% 8.9%
Cash from operations / revenue 20.3% 11.5% 19.6% 10.2% 12.1% 14.0% 11.9%
Free-cash-flow margin 18.2% 8.0% 17.2% 8.5% 11.1% 10.2% 8.8%
Free-cash-flow margin, 3-year average 16.7% 8.9% 17.5% 5.9% 9.9% 10.1% 9.8%
Stock pay / revenue 0.8% 0.4% 0.5% 0.5% 0.5% 0.6% 0.8%
Change in share count −1.6% −1.9% −2.0% −0.0% −2.6% −1.9% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 8.3% 8.3% 39 of 75
Change in growth rate Growth +2.3pp +1.2pp 29 of 75
Gross margin Profitability 37.7% 35.4% 30 of 70
Operating margin Profitability 23.6% 13.0% 6 of 75
Net margin Profitability 17.0% 8.9% 10 of 76
Free-cash-flow margin Cash generation 18.2% 9.1% 13 of 76
Stock pay as % of revenue Cash generation 0.8% 0.8% 37 of 70
Long-term debt as % of assets Balance sheet 24.2% 23.4% 31 of 59
Change in share count Balance sheet -1.6% -0.0% 23 of 73
Days sales outstanding Balance sheet 54 days 63 days 18 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Diversified Industrial $14.4B 67.2% ▲ 5.7%
Aerospace Systems $7.1B 32.8% ▲ 14.2%
Geography
Region Revenue YoY
North America $14.4B ▲ 7.3%
United States $13.8B ▲ 7.5%
Outside the US $7.7B ▲ 9.8%
EMEA $4.2B ▲ 8.2%
Asia Pacific $2.7B ▲ 14.7%
Latin America $224M ▲ 2.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Parker Hannifin's 10-K filed August 21, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$109B
Institutions reporting
1,968
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
153 / 106

Top buyers and sellers, Q2 2026: 900 institutions bought and 801 sold ; the biggest buyer was Jpmorgan Chase & Co (+623K shares) and the biggest seller Wellington Management Group LLP (−598K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $10.2B 10.4M 9.4% ▲ 3.9%
State Street Corp $9.2B 9.4M 8.5% ▲ 0.5%
Vanguard Capital Management LLC $8.1B 8.2M 7.4% ▲ 0.4%
FMR LLC $3.8B 3.9M 3.5% ▼ 3.8%
Bank Of America Corp $3.3B 3.3M 3.0% ▼ 3.9%
Geode Capital Management, LLC $2.8B 2.9M 2.6% ▼ 1.0%
Morgan Stanley $2.5B 2.6M 2.3% ▲ 1.1%
Invesco Ltd. $2B 2.0M 1.8% ▼ 14.7%
Aristotle Capital Management, LLC $2B 2.0M 1.8% ▼ 5.8%
Norges Bank $1.9B 2.0M 1.8% —
Price T Rowe Associates Inc $1.9B 2.0M 1.8% ▲ 1.2%
Vanguard Portfolio Management LLC $1.8B 1.8M 1.7% ▲ 2.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Parker Hannifin's complete shareholder register. Values are as reported by the filers ; 10 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $49.7M 70 trades by 14 insiders · 0% under pre-set plans
Net ▼ $49.7M net selling
Insider Date Trade Shares Price Value
Thompson Laura K Director September 8, 2026 Sell 160 $958.95 $153,432
Bracht Berend VP & Pres.- Motion Sys. Grp. August 26, 2026 Sell 602 $1040.47 $626,363
Scott Patrick VP & Pres-Fluid Conn. Grp. August 17, 2026 Sell 10 $1058.94 $10,589
Scott Patrick VP & Pres-Fluid Conn. Grp. August 17, 2026 Sell 1,225 $1056.98 $1.3M
Reidy Jay VP & Pres.-Aerospace Grp. August 14, 2026 Sell 300 $1055.77 $316,731
Ross Andrew D President & COO August 14, 2026 Sell 5,498 $1057.57 $5.8M
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 80 $1060.00 $84,800
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 320 $1059.61 $339,075
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 976 $1057.93 $1M
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 438 $1057.12 $463,019
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 470 $1055.97 $496,306
Parel Dinu J VP & Chief Digital & Info Off. August 14, 2026 Sell 213 $1054.65 $224,640

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 41 trades and filings

In the last 12 months, 3 members of Congress disclosed 6 purchases and 7 sales of Parker Hannifin shares.

  • Byron Donalds(R-FL 19):Sale (partial), $1,001 - $15,000, traded August 11, 2026, filed September 15, 2026
  • Byron Donalds(R-FL 19):Sale (partial), $1,001 - $15,000, traded August 11, 2026, filed September 15, 2026
  • David J. Taylor(R-OH 2):Purchase, $1,001 - $15,000, traded May 15, 2026, filed May 28, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • January 29, 2026
  • November 6, 2025
  • August 7, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Parker Hannifin was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Parker Hannifin in brief

What does Parker Hannifin do?
Parker Hannifin is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in June.
What is Parker Hannifin's stock ticker?
Parker Hannifin trades under the ticker PH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Parker Hannifin's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Parker Hannifin reported revenue of $21.5B, 8.3% higher than a year earlier, according to its SEC filings.
What is Parker Hannifin's free cash flow?
Parker Hannifin's free-cash-flow margin is 18.2% of revenue over the trailing twelve months, ranking 13 of the 76 industrial machinery & supplies & components companies we cover.
What is Parker Hannifin's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Parker Hannifin's free cash flow after stock-based pay gives ~$590 per share in the base case, and ~$420–$800 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Parker Hannifin's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Parker Hannifin buying back stock, and does it pay a dividend?
Parker Hannifin spent $1.3B on share repurchases over the trailing twelve months, and its diluted share count fell 1.6% over the year.
What is Parker Hannifin's market cap?
On June 30, 2026, Parker Hannifin's market capitalisation was about $125B, with a price-to-earnings ratio of 34.3 and net debt of $9B. Market figures come from third-party market data and may be delayed.
Does Parker Hannifin pay a dividend?
Yes: Parker Hannifin paid $936M in dividends over the trailing twelve months, a dividend yield of 0.79% and a payout ratio of 25.7%.
How much debt does Parker Hannifin have?
Parker Hannifin's debt-to-equity ratio is 53.1%, from its latest balance sheet (71.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Parker Hannifin's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Parker Hannifin are W. W. Grainger, Illinois Tool Works, Stanley Black & Decker, Otis Worldwide and Xylem Inc. The side-by-side comparison below sets their revenue, margins and growth against Parker Hannifin's.
Are insiders buying or selling Parker Hannifin stock?
Over the last 12 months, Parker Hannifin's directors and officers reported 0 open-market purchases and 70 sales on Form 4. The insider trading page charts every trade.
When is Parker Hannifin's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Parker Hannifin announces its own schedule.