Parker Hannifin (PH) financials

NYSE · Industrials · Industrial - Machinery · 59,850 employees · CEO Jennifer A. Parmentier

Price: $899.82 -3.08%
Market cap: $113B
Enterprise value: $122B
Last report: Q4 '26 filed 2026-08-21
Next report: 2026-11-05 EPS est. $8.21

Revenue (TTM)$21.5B+8.3% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)21.6%+0.9 pp vs a year agoOperating income $4.63B

Net income (TTM)$3.65B+3.3% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$3.91B+16.9% vs a year agoCapex $459M

Diluted EPS (TTM)$28.49+5.1% vs a year agoSum of the last 4 quarters

Net cash-$8.23B+10.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $113B
Revenue: $21.5B
Revenue growth: +16%
Profit margin: 17.0%
P/E: 31.1×
P/S: 5.3×
EV / EBITDA: 20.6×
Free cash flow: $3.91B
Net income: $3.65B
Revenue estimate: $25B
Earnings: 2026-11-05
Dividend: $7.60

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-06): revenue beat by 3.3%, EPS beat by 11.6%Revenue $5.76B vs $5.57B expected (+3.3%); EPS $9.27 vs $8.31 (+11.6%).
Revenue growth accelerating: 9.8% year on yearQ4 '26 revenue $5.76B, against an average of 6.1% over the four quarters before.
Operating margin 21.6% (TTM), +0.9 pp on a year agoOperating income grew 13.0% while revenue grew 8.3%.
Capex 2.1% of revenue (a year ago 2.2%)$459M invested in the last 4 quarters (+5.5% on a year earlier). Free cash flow $3.91B = 107.0% of net income.
Returned $2.88B to shareholders = 73.8% of free cash flowBuybacks $1.26B (a year earlier $1.76B), dividends $1.62B, stock-based pay $324M (TTM).
Diluted share count down 0.9% in a year128M diluted shares in Q4 '26, 129M a year earlier.
Net debt $8.23BCash + short-term investments $501M, debt incl. leases $8.73B; a year ago net debt $9.17B.
Aerospace Systems Segment: revenue +13.4%, margin 27.5% (was 24.3%)Fastest-growing reported segment in Q4 '26: operating income $522M on revenue $1.9B (from the segment note of the filing).

Last quarter: Q4 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q4 '26	Year ago	Change
Revenue	$5.76B	$5.24B	+9.8%
Gross margin	39.0%	37.3%	+1.7 pp
Operating income	$1.37B	$1.12B	+22.7%
Operating margin	23.9%	21.3%	+2.5 pp
Net income	$1.09B	$923M	+18.2%
Diluted EPS	$8.54	$7.15	+19.4%
Operating cash flow	$1.74B	$1.47B	+18.3%
Capex	$173M	$131M	+32.2%
Free cash flow	$1.56B	$1.34B	+17.0%
R&D	$0	$298M	-100.0%
Stock-based compensation	$179M	$29.2M	+512.3%

Reported vs consensus

2026-08-06

	Actual	Consensus	vs consensus
Revenue	$5.76B	$5.57B	+3.3%
EPS (as estimated)	$9.27	$8.31	+11.6%

From the report of 2026-08-06 for Q4 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q4 '26	y/y	Share	TTM	TTM y/y	12 quarters
Diversified Industrial Segment	$7.53B	+111.0%	67.0%	–	–
Aerospace Systems Segment	$3.71B	+121.6%	33.0%	–	–

Revenue by region

share of total

Segment	Q4 '26	y/y	Share	TTM	TTM y/y
North America	$7.51B	+114.4%	83.1%	–	–
Asia Pacific	$1.42B	+126.4%	15.6%	–	–
Europe	–	–	–	–	–
Latin America	$113M	+99.1%	1.2%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q4 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Diversified Industrial Segment	$3.86B	+8.1%	$1B	+18.3%	26.0%	23.7%	$3.44B
Aerospace Systems Segment	$1.9B	+13.4%	$522M	+28.3%	27.5%	24.3%	$1.83B

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $4.36B
Capex: -$459M
Buybacks: -$1.26B
Dividends: -$1.62B
Acquisitions: -$996M
Net debt issued: -$737M
Stock-based compensation: $324M
Free cash flow: $3.91B
Returned to shareholders / FCF: 73.8%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	31.1×	26.0×	22.6× – 33.9×
EV / EBITDA	20.6×	17.2×	14.9× – 22.3×
EV / Sales	5.7×	4.1×	2.3× – 6.1×
Price / FCF	29.1×	22.7×	14.3× – 31.6×
Price / Book	7.4×	5.7×	3.6× – 8.0×
FCF yield	3.4%	4.7%	3.2% – 7.0%
Return on invested capital	13.9%	12.0%	9.6% – 14.0%
Return on equity	25.1%	21.6%	14.9% – 25.8%

Analysts

Consensus target $1,140.67 (+26.8%)
range $950.00 – $1,358.00 · rating Buy

Strong buy0

Buy26

Hold13

Sell1

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$25B	+16.2%	$35.73	+25.5%	25.2×	11
FY2028	$26.8B	+7.3%	$39.92	+11.7%	22.5×	10
FY2029	$28.3B	+5.6%	$44.04	+10.3%	20.4×	6
FY2030	$29.1B	+2.9%	$47.30	+7.4%	19.0×	2
FY2031	$29.6B	+1.6%	$49.91	+5.5%	18.0×	5

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 307 figures Parker-Hannifin Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	-$2M	–	–
	–	–	–	0.0%	–	–
	–	–	–	$50M	–	–
	–	–	–	$469M	–	–
	–	–	–	$528M	–	–
	–	–	–	$67M	–	–
Accounts Payable, Current	$2.44B	$2.13B	+14.7%	$2.44B	$2.13B	+14.7%
Accounts Receivable, after Allowance for Credit Loss, Current	$3.17B	$2.91B	+8.9%	$3.17B	$2.91B	+8.9%
Accounts Receivable, Allowance for Credit Loss, Current	$7M	$10M	-30.0%	$7M	$10M	-30.0%
Accrual for Environmental Loss Contingencies	$82M	$88M	-6.8%	$82M	$88M	-6.8%
Accrued Income Taxes, Current	$233M2026-03-31	$357M	-34.6%	$382M2025-06-30	$355M	+7.6%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$4.63B	$4.48B	+3.2%	$4.63B	$4.48B	+3.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$803M	-$883M	+9.1%	-$803M	-$883M	+9.1%
Additional Paid in Capital, Common Stock	$818M	$194M	+321.6%	$818M	$194M	+321.6%
Amortization	$148M	$139M	+6.5%	$584M	$553M	+5.6%
Amortization of Deferred Charges	$148M	$139M	+6.5%	$584M	$553M	+5.6%
Amortization of Intangible Assets	$148M	$139M	+6.5%	$584M	$553M	+5.6%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	–	300K	300K	0.0%
Assets	$30.9B	$29.5B	+4.7%	$30.9B	$29.5B	+4.7%
Assets, Current	$7.7B	$6.95B	+10.7%	$7.7B	$6.95B	+10.7%
Business Combination, Acquisition Related Costs	–	–	–	$41M	–	–
Cash and Cash Equivalents, at Carrying Value	$501M	$467M	+7.3%	$501M	$467M	+7.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$501M	$467M	+7.3%	$501M	$467M	+7.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$25M	$58M	-56.9%	$34M	$45M	-24.4%
Commercial Paper	$1B	$1.8B	-44.4%	$1B	$1.8B	-44.4%
Common Stock, Dividends, Per Share, Cash Paid	–	–	–	$7.40	$6.69	+10.6%
Common Stock, Dividends, Per Share, Declared	$1.802026-03-31	$1.63	+10.4%	$6.692025-06-30	$6.07	+10.2%
Common Stock, Par or Stated Value Per Share	$0.50	$0.50	0.0%	$0.50	$0.50	0.0%
Common Stock, Shares Authorized	600M	600M	0.0%	600M	600M	0.0%
Common Stock, Shares, Issued	181M	181M	0.0%	181M	181M	0.0%
Common Stock, Value, Issued	$91M	$91M	0.0%	$91M	$91M	0.0%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$1.27B	$1.4B	-9.7%	$3.73B	$4.09B	-8.8%
Construction in Progress, Gross	$385M	$333M	+15.6%	$385M	$333M	+15.6%
Contract with Customer, Asset, after Allowance for Credit Loss	$211M	$165M	+27.9%	$211M	$165M	+27.9%
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$196M	$149M	+31.5%	$196M	$149M	+31.5%
Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent	$15M	$16M	-6.3%	$15M	$16M	-6.3%
Contract with Customer, Liability	$287M	$282M	+1.8%	$287M	$282M	+1.8%
Contract with Customer, Liability, Current	$192M	$211M	-9.0%	$192M	$211M	-9.0%
Contract with Customer, Liability, Noncurrent	$95M	$71M	+33.8%	$95M	$71M	+33.8%
Contract with Customer, Liability, Revenue Recognized	$9M	$1M	+800.0%	$167M	$165M	+1.2%
Cost of Goods and Services Sold	$3.51B	$3.29B	+6.8%	$13.4B	$12.5B	+6.9%
Current Federal Tax Expense (Benefit)	–	–	–	$415M	$424M	-2.1%
Current Foreign Tax Expense (Benefit)	–	–	–	$427M	$374M	+14.2%
Current Income Tax Expense (Benefit)	–	–	–	$918M	$879M	+4.4%
Current State and Local Tax Expense (Benefit)	–	–	–	$76M	$81M	-6.2%
Debt Issuance Costs, Net	$45M	$54M	-16.7%	$45M	$54M	-16.7%
Debt, Current	$706M	$7M	+9,985.7%	$706M	$7M	+9,985.7%
Decrease in Unrecognized Tax Benefits is Reasonably Possible	$60M2026-03-31	$30M	+100.0%	$60M2025-06-30	$40M	+50.0%
Deferred Compensation Liability, Current and Noncurrent	$196M	$171M	+14.6%	$196M	$171M	+14.6%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$26M	-$98M	+126.5%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$19M	-$154M	+87.7%
Deferred Income Tax Assets, Net	$238M	$270M	-11.9%	$238M	$270M	-11.9%
Deferred Income Tax Expense (Benefit)	$3M	-$50M	+106.0%	-$4M	-$304M	+98.7%
Deferred Income Tax Liabilities, Net	$1.63B	$1.49B	+9.4%	$1.63B	$1.49B	+9.4%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$11M	-$52M	+78.8%
Deferred Tax Assets, Deferred Income	$48M	$41M	+17.1%	$48M	$41M	+17.1%
Deferred Tax Assets, Gross	$633M	$701M	-9.7%	$633M	$701M	-9.7%
Deferred Tax Assets, Inventory	$78M	$70M	+11.4%	$78M	$70M	+11.4%
Deferred Tax Assets, Net of Valuation Allowance	$494M	$560M	-11.8%	$494M	$560M	-11.8%
Deferred Tax Assets, Operating Loss Carryforwards	$108M	$114M	-5.3%	$108M	$114M	-5.3%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30, 10-K 2024-06-30

Data as of 2026-11-01