Zacks Investment Research·Jun 26, 2026
PH Gains From Strength in Aerospace Systems Unit: Can It Sustain?Parker-Hannifin's Aerospace Systems gains from commercial and defense demand, with growth boosted by a planned aerospace acquisition.
Parker-Hannifin Corporation(PH)Earnings, Financials & Key Ratios
PH•NYSE
$957.51
35.3× P/E·Price updated Jul 7, 2026
AboutParker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. Its Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.Show more
- Revenue$19.85B-0.4%
- EBITDA$4.97B+2.9%
- Net Income$3.53B+24.1%
- EPS (Diluted)27.12+24.2%
- Gross Margin36.85%+2.6%
- EBITDA Margin25.02%+3.3%
- Operating Margin20.45%+4.5%
- Net Margin17.79%+24.6%
- ROE27.4%+8.0%
PH Price & Volume
Parker-Hannifin Corporation (PH) stock price & volume — 10-year historical chart
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Resilient Industrial Growth Amidst Strategic Deleveraging Efforts
Investment Thesis • Updated 2026Q3
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Acquisition integration execution risk
Key Thesis Takeaways
- Parker-Hannifin demonstrates robust operational momentum, evidenced by a 10.6% year-over-year revenue growth in 2026Q3, supported by its diversified industrial and aerospace portfolio.
- While the company has successfully reduced its debt-to-equity ratio from 1.04 in 2024Q2 to 0.62 in 2026Q3, investors should remain cautious regarding the $11.1 billion goodwill concentration and the recent volatility in retained earnings.
- The firm's ability to maintain a 20.7% operating margin while aggressively returning capital through $667 million in quarterly buybacks suggests a mature, cash-generative business model that warrants careful monitoring of integration risks.
Verdict Logic
while the company shows strong cash generation with a 16.1% FCF margin, the high P/E ratio of 35.73 and significant goodwill exposure suggest that current valuation levels may already price in much of the expected operational upside.
PH Growth Metrics
Parker-Hannifin Corporation (PH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.56%
5 Years7.71%
3 Years7.76%
TTM6.03%
Profit CAGR
10 Years13.31%
5 Years24.05%
3 Years38.97%
TTM2.58%
EPS CAGR
10 Years14.55%
5 Years23.9%
3 Years39.04%
TTM4.35%
Return on Capital
10 Years15.19%
5 Years15.99%
3 Years16.88%
Last Year17.78%
PH Recent Earnings
Parker-Hannifin Corporation (PH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$8.17+4.2%
$7.84
Rev
$5.5B+1.6%
$5.4B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$7.65+6.8%
$7.16
Rev
$5.2B+2.0%
$5.1B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$7.22+9.1%
$6.62
Rev
$5.1B+2.9%
$4.9B
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$7.69+8.3%
$7.10
Rev
$5.2B+2.5%
$5.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $8.17vs $7.84+4.2% | $5.5Bvs $5.4B+1.6% |
| Q1 2026 | Jan 29, 2026 | $7.65vs $7.16+6.8% | $5.2Bvs $5.1B+2.0% |
| Q4 2025 | Nov 6, 2025 | $7.22vs $6.62+9.1% | $5.1Bvs $4.9B+2.9% |
| Q3 2025 | Aug 7, 2025 | $7.69vs $7.10+8.3% | $5.2Bvs $5.1B+2.5% |
Based on last 12 quarters of dataView full earnings history →
Latest PH News
Recent stock market news and headlines for Parker-Hannifin Corporation (PH)
Peers Comparison
Key metrics vs top competitors for Parker-Hannifin Corporation (PH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $957.51 | $120.85B | 35.31 | -0.4% | 17.79% | 27.4% | 0.69% | |
| $137.91 | $77.24B | 34.14 | 3% | 13.35% | 12.1% | — | |
| $395.68 | $153.64B | 37.83 | 10.33% | 13.99% | 20.76% | — | |
| $225.05 | $71.3B | 15.29 | 7.85% | 11.16% | 23.05% | — | |
| $468.90 | $52.68B | 61.13 | 0.97% | 12.36% | 29.58% | — | |
| $78.70 | $30.82B | 54.28 | 5.75% | 7.54% | 5.76% | — |
Compare PH vs Peers
Parker-Hannifin Corporation (PH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PH SEC Filings & Documents
Parker-Hannifin Corporation (PH) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Mar 17, 2026·SEC
Material company update
Jan 29, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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PH Frequently Asked Questions
Parker-Hannifin Corporation (PH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Parker-Hannifin Corporation's revenue?
Parker-Hannifin Corporation (PH) reported $20.99B in revenue for fiscal year 2025. This represents a 485% increase from $3.59B in 1996.
How fast is Parker-Hannifin Corporation growing?
Parker-Hannifin Corporation (PH) saw revenue decline by 0.4% over the past year.
Is PH profitable?
Yes, Parker-Hannifin Corporation (PH) is profitable, generating $3.48B in net income for fiscal year 2025 (17.8% net margin).
Dividend & Returns
Does PH pay dividends?
Yes, Parker-Hannifin Corporation (PH) pays a dividend with a yield of 0.69%. This makes it attractive for income-focused investors.
What is PH's return on equity?
Parker-Hannifin Corporation (PH) has a return on equity (ROE) of 27.4%. This is excellent, indicating efficient use of shareholder capital.
What is Parker-Hannifin Corporation's free cash flow?
Parker-Hannifin Corporation (PH) generated $3.68B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.