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PHParker Hannifin

Industrials · Metal Products · NYSE
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FY2026 at a glance

Sales up 8.3%, free cash flow up to $3.9B

XBRL, from each 10-K
$21.5B
from $19.9B in FY2025
FY2017FY2026
Net incomeStatements ↓
$3.6B
from $3.5B in FY2025
FY2017FY2026
Free cash flowStatements ↓
$3.9B
from $3.3B in FY2025
FY2017FY2026
EPS (diluted)Statements ↓
$28.48
from $27.12 in FY2025
FY2017FY2026
Operating marginStatements ↓
23.6%
from 21.9% in FY2025
FY2017FY2026
Total debtStatements ↓
$8.5B
from $9.3B in FY2025
FY2017FY2026
Price and key numbers

The latest figures

All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)29.11Sales (ttm)22.4BNet income (ttm)3.7BSales growth+8.3%EPS growth+5.0%Sales Q/Q+17.9%
Free cash flow3.9BGross margin37.7%Oper. margin23.6%Net margin16.6%FCF margin17.2%ROE23.3%
ROA8.9%R&D / sales1.2%Dividend7.40Debt/Eq1.09Curr. ratio0.94Cash711.0M
Op. cash flow (ttm)4.3BEBITDA5.4BEBITDA margin25.2%Net debt16.7BQuick ratio0.60Interest cover12.64
ROIC12.1%Payout ratio26.0%Tax rate20.0%Stock pay / sales0.8%Shares out.126.1MShares Y/Y-1.6%
Book / share126.63Cash / share5.64Sales / share177.70Asset turnover0.53Inventory turns4.23Days sales out.54
Sales 3Y CAGR+4.1%Sales 5Y CAGR+8.4%EPS 3Y CAGR+21.1%EPS 5Y CAGR+16.4%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Revenue growth sped up to +8.3%-0.4% → +8.3% · Revenue FY2026 / revenue FY2025 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

PH against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
PHPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+8.3%23rd of 82 · median +4.8%
Net margin
16.6%21st of 82 · median 13.0%
Return on equity
23.3%41st of 77 · median 24.9%
Free cash flow margin
17.2%23rd of 79 · median 13.0%
Debt / equity (less is better)
1.0950th of 72 · median 0.72
PH and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
PH Parker Hannifin$22.4B +8.3%37.7%16.6%23.3%17.2%1.09
JCI Johnson Controls$24.4B +2.8%36.6%14.5%26.1%10.9%0.70
TT Trane Technologies$23.2B +7.5%-13.6%34.6%16.4%0.46
LHX L3Harris$22.8B +9.8%25.7%9.0%10.1%16.0%0.54
CARR Carrier Global$22.8B -3.3%--7.9%-17.3%10.4%1.10
ADP Automatic Data Processing$22.3B +6.7%46.6%20.3%88.9%-0.98
Where each dollar goes

From $15.9B of sales to $1.3B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $5.3BRevenue to Cost of revenue: $10.6BGross profit to Operating profit: $3.0BGross profit to Operating expenses: $2.3BOperating profit to Net profit: $1.3BOperating profit to Tax & other: $1.7BOperating expenses to R&D: $191.0MOperating expenses to Sales, admin & other: $2.1B Revenue: $15.9B Revenue$15.9B +11% Y/Y Gross profit: $5.3B · 33% margin Gross profit$5.3B33% margin Cost of revenue: $10.6B · 67% of revenue Cost of revenue$10.6B67% of revenue Operating profit: $3.0B · 19% margin Operating profit$3.0B19% margin +21% Y/Y Operating expenses: $2.3B · 15% of revenue Operating expenses$2.3B15% of revenue Net profit: $1.3B · 8% margin Net profit$1.3B8% margin −25% Y/Y Tax & other: $1.7B · 10% of revenue Tax & other$1.7B10% of revenue R&D: $191.0M · 1% of revenue R&D$191.0M1% of revenue Sales, admin & other: $2.1B · 14% of revenue Sales, admin & other$2.1B14% of revenue

Swipe sideways for the whole flow →

From $19.1B of sales to $2.1B of profit

FY2023, from the 10-K income statement and revenue by segment
Diversified Industrial Segment to Revenue: $14.7BAerospace Systems Segment to Revenue: $4.4BRevenue to Gross profit: $6.4BRevenue to Cost of revenue: $12.6BGross profit to Operating profit: $3.4BGross profit to Operating expenses: $3.0BOperating profit to Net profit: $2.1BOperating profit to Tax & other: $1.3BOperating expenses to R&D: $258.0MOperating expenses to Sales, admin & other: $2.8B Diversified Industrial Segment: $14.7B · 77% Diversified Industrial…$14.7B77% Aerospace Systems Segment: $4.4B · 23% Aerospace Systems Segme…$4.4B23% Revenue: $19.1B Revenue$19.1B +20% Y/Y Gross profit: $6.4B · 34% margin Gross profit$6.4B34% margin Cost of revenue: $12.6B · 66% of revenue Cost of revenue$12.6B66% of revenue Operating profit: $3.4B · 18% margin Operating profit$3.4B18% margin +14% Y/Y Operating expenses: $3.0B · 16% of revenue Operating expenses$3.0B16% of revenue Net profit: $2.1B · 11% margin Net profit$2.1B11% margin +58% Y/Y Tax & other: $1.3B · 7% of revenue Tax & other$1.3B7% of revenue R&D: $258.0M · 1% of revenue R&D$258.0M1% of revenue Sales, admin & other: $2.8B · 15% of revenue Sales, admin & other$2.8B15% of revenue

Swipe sideways for the whole flow →

From $19.9B of sales to $2.8B of profit

FY2024, from the 10-K income statement and revenue by segment
Diversified Industrial Segment to Revenue: $14.5BAerospace Systems Segment to Revenue: $5.5BRevenue to Gross profit: $7.1BRevenue to Cost of revenue: $12.8BGross profit to Operating profit: $4.1BGross profit to Operating expenses: $3.1BOperating profit to Net profit: $2.8BOperating profit to Tax & other: $1.2BOperating expenses to R&D: $253.0MOperating expenses to Sales, admin & other: $2.8B Diversified Industrial Segment: $14.5B · 73% Diversified Industrial…$14.5B73% Aerospace Systems Segment: $5.5B · 27% Aerospace Systems Segme…$5.5B27% Revenue: $19.9B Revenue$19.9B +5% Y/Y Gross profit: $7.1B · 36% margin Gross profit$7.1B36% margin Cost of revenue: $12.8B · 64% of revenue Cost of revenue$12.8B64% of revenue Operating profit: $4.1B · 20% margin Operating profit$4.1B20% margin +20% Y/Y Operating expenses: $3.1B · 15% of revenue Operating expenses$3.1B15% of revenue Net profit: $2.8B · 14% margin Net profit$2.8B14% margin +37% Y/Y Tax & other: $1.2B · 6% of revenue Tax & other$1.2B6% of revenue R&D: $253.0M · 1% of revenue R&D$253.0M1% of revenue Sales, admin & other: $2.8B · 14% of revenue Sales, admin & other$2.8B14% of revenue

Swipe sideways for the whole flow →

From $19.9B of sales to $3.5B of profit

FY2025, from the 10-K income statement and revenue by segment
Diversified Industrial Segment to Revenue: $13.7BAerospace Systems Segment to Revenue: $6.2BRevenue to Gross profit: $7.3BRevenue to Cost of revenue: $12.5BGross profit to Operating profit: $4.3BGross profit to Operating expenses: $3.0BOperating profit to Net profit: $3.5BOperating profit to Tax & other: $816.0MOperating expenses to R&D: $240.0MOperating expenses to Sales, admin & other: $2.7B Diversified Industrial Segment: $13.7B · 69% Diversified Industrial…$13.7B69% Aerospace Systems Segment: $6.2B · 31% Aerospace Systems Segme…$6.2B31% Revenue: $19.9B Revenue$19.9B +0% Y/Y Gross profit: $7.3B · 37% margin Gross profit$7.3B37% margin Cost of revenue: $12.5B · 63% of revenue Cost of revenue$12.5B63% of revenue Operating profit: $4.3B · 22% margin Operating profit$4.3B22% margin +7% Y/Y Operating expenses: $3.0B · 15% of revenue Operating expenses$3.0B15% of revenue Net profit: $3.5B · 18% margin Net profit$3.5B18% margin +24% Y/Y Tax & other: $816.0M · 4% of revenue Tax & other$816.0M4% of revenue R&D: $240.0M · 1% of revenue R&D$240.0M1% of revenue Sales, admin & other: $2.7B · 14% of revenue Sales, admin & other$2.7B14% of revenue

Swipe sideways for the whole flow →

From $21.5B of sales to $3.6B of profit

FY2026, from the 10-K income statement and revenue by segment
Diversified Industrial Segment to Revenue: $14.4BAerospace Systems Segment to Revenue: $7.1BRevenue to Gross profit: $8.1BRevenue to Cost of revenue: $13.4BGross profit to Operating profit: $5.1BGross profit to Operating expenses: $3.0BOperating profit to Net profit: $3.6BOperating profit to Tax & other: $1.4BOperating expenses to R&D: $267.0MOperating expenses to Sales, admin & other: $2.8B Diversified Industrial Segment: $14.4B · 67% Diversified Industrial…$14.4B67% Aerospace Systems Segment: $7.1B · 33% Aerospace Systems Segme…$7.1B33% Revenue: $21.5B Revenue$21.5B +8% Y/Y Gross profit: $8.1B · 38% margin Gross profit$8.1B38% margin Cost of revenue: $13.4B · 62% of revenue Cost of revenue$13.4B62% of revenue Operating profit: $5.1B · 24% margin Operating profit$5.1B24% margin +17% Y/Y Operating expenses: $3.0B · 14% of revenue Operating expenses$3.0B14% of revenue Net profit: $3.6B · 17% margin Net profit$3.6B17% margin +3% Y/Y Tax & other: $1.4B · 7% of revenue Tax & other$1.4B7% of revenue R&D: $267.0M · 1% of revenue R&D$267.0M1% of revenue Sales, admin & other: $2.8B · 13% of revenue Sales, admin & other$2.8B13% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2026
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 3
  • ✓
    Net margin above the peer median16.6% vs 13.0%
  • ✓
    Return on equity above 15%23.3%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 8.2% → 17.0%

Balance sheet

1 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 12.6× interest expense
  • !
    Debt larger than equityDebt / equity 1.09 on the latest balance sheet (peer median 0.72)
  • !
    Current ratio below 1Current ratio 0.94
  • !
    Net debt over 3 years of free cash flow$16.7B net debt, 4.3 years
Debt / equity at each year end, FY2017 to FY2026: 1.12 → 0.55
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$3.9B last year
  • ✓
    Share count down over 5 years−2.1%
  • ✓
    Dividend per share up over 5 years$3.67 → $7.40
  • ✓
    Cash from operations above net income$4.4B vs $3.6B
Free cash flow, FY2017 to FY2026: 1.1B → 3.9B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$8.3B of principal due, schedule of Sep 30, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2026

Revenue 21.5B Net income 3.6B
FY2017 revenue 12.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-19-000096 FY2017 net income 983.4M · NetIncomeLoss, 0000076334-19-000096 12.0B FY2017 FY2018 revenue 14.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-20-000099 FY2018 net income 1.1B · NetIncomeLoss, 0000076334-20-000099 14.3B FY2018 FY2019 revenue 14.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-21-000187 FY2019 net income 1.5B · NetIncomeLoss, 0000076334-21-000187 14.3B FY2019 FY2020 revenue 13.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-22-000034 FY2020 net income 1.2B · NetIncomeLoss, 0000076334-22-000034 13.7B FY2020 FY2021 revenue 14.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-23-000042 FY2021 net income 1.7B · NetIncomeLoss, 0000076334-23-000042 14.3B FY2021 FY2022 revenue 15.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-24-000044 FY2022 net income 1.3B · NetIncomeLoss, 0000076334-24-000044 15.9B FY2022 FY2023 revenue 19.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-25-000035 FY2023 net income 2.1B · NetIncomeLoss, 0000076334-24-000044 19.1B FY2023 FY2024 revenue 19.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-26-000105 FY2024 net income 2.8B · NetIncomeLoss, 0000076334-24-000044 19.9B FY2024 FY2025 revenue 19.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-26-000105 FY2025 net income 3.5B · NetIncomeLossAvailableToCommonStockholdersBasic, 0000076334-26-000105 19.9B FY2025 FY2026 revenue 21.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000076334-26-000105 FY2026 net income 3.6B · NetIncomeLossAvailableToCommonStockholdersBasic, 0000076334-26-000105 21.5B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

PH's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue21.5B
FY2017: 12.0BFY2018: 14.3BFY2019: 14.3BFY2020: 13.7BFY2021: 14.3BFY2022: 15.9BFY2023: 19.1BFY2024: 19.9BFY2025: 19.9BFY2026: 21.5B FY2018FY2020FY2022FY2024FY2026
Net income3.6B
FY2017: 983.4MFY2018: 1.1BFY2019: 1.5BFY2020: 1.2BFY2021: 1.7BFY2022: 1.3BFY2023: 2.1BFY2024: 2.8BFY2025: 3.5BFY2026: 3.6B FY2018FY2020FY2022FY2024FY2026
Free cash flow3.9B
FY2017: 1.1BFY2018: 1.3BFY2019: 1.5BFY2020: 1.8BFY2021: 2.4BFY2022: 2.2BFY2023: 2.6BFY2024: 3.0BFY2025: 3.3BFY2026: 3.9B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)28.48
FY2017: 7.25FY2018: 7.83FY2019: 11.57FY2020: 9.26FY2021: 13.35FY2022: 10.09FY2023: 16.04FY2024: 21.84FY2025: 27.12FY2026: 28.48 FY2018FY2020FY2022FY2024FY2026
Dividend per share7.40
FY2017: 2.58FY2018: 2.74FY2019: 3.16FY2020: 3.52FY2021: 3.67FY2022: 4.42FY2023: 5.47FY2024: 6.07FY2025: 6.69FY2026: 7.40 FY2018FY2020FY2022FY2024FY2026
Diluted shares128.1M
FY2017: 135.6MFY2018: 135.4MFY2019: 131.8MFY2020: 129.8MFY2021: 130.8MFY2022: 130.4MFY2023: 129.9MFY2024: 130.2MFY2025: 130.2MFY2026: 128.1M FY2018FY2020FY2022FY2024FY2026

Revenue by business segment

year to Jun 30, 2026
RevenueSharevs year before
Diversified Industrial Segment 14.4B67.2% +5.7%
Aerospace Systems Segment 7.1B32.8% +14.2%

10-K 0000076334-26-000105, segment and revenue notes (XBRL).

Revenue by region

year to Jun 30, 2026
RevenueSharevs year before
North America 14.4B66.9% +7.3%
United States 13.8B64.3% +7.5%
Other countries 7.7B35.7% +9.8%
EMEA 4.2B19.4% +8.2%
Asia Pacific 2.7B12.6% +14.7%
Latin America 224.0M1.0% +2.8%

10-K 0000076334-26-000105, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue12.0B14.3B14.3B13.7B14.3B15.9B19.1B19.9B19.9B21.5B
Cost of revenue9.1B10.7B10.7B10.3B9.6B10.6B12.6B12.8B12.5B13.4B
Gross profit2.8B---------
R&D336.7M327.9M294.9M237.0M205.0M191.0M258.0M253.0M240.0M267.0M
SG&A1.4B1.6B1.5B1.7B2.4B2.5B3.4B3.3B3.3B3.5B
Operating income1.8B2.0B2.2B2.0B2.5B3.0B3.4B4.1B4.3B5.1B
Interest expense162.4M213.9M190.1M308.2M250.0M255.3M573.9M506.0M409.0M401.0M
Pretax income1.3B1.7B1.9B1.5B2.2B1.6B2.7B3.6B4.1B4.6B
Income tax344.8M641.0M424.4M304.5M500.1M298.0M596.0M750.0M575.0M914.0M
Net income983.4M1.1B1.5B1.2B1.7B1.3B2.1B2.8B3.5B3.6B
EPS (diluted)7.257.8311.579.2613.3510.0916.0421.8427.1228.48
Diluted shares135.6M135.4M131.8M129.8M130.8M130.4M129.9M130.2M130.2M128.1M
Depreciation & amortization202.9M237.8M225.7M252.9M269.9M257.3M317.0M349.0M354.0M353.0M
EBITDA2.0B2.3B2.5B2.2B2.7B3.2B3.7B4.4B4.7B5.4B
Gross margin23.6%---------
Operating margin14.9%14.3%15.6%14.4%17.1%18.8%17.9%20.4%21.9%23.6%
Net margin8.2%7.4%10.6%8.8%12.2%8.3%10.9%14.3%17.8%17.0%
Revenue growth-+18.9%+0.1%-4.4%+4.8%+10.6%+20.2%+4.5%-0.4%+8.3%
EPS growth-+8.0%+47.8%-20.0%+44.2%-24.4%+59.0%+36.2%+24.2%+5.0%

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)80.3M118.8M104.1M111.4M121.5M137.1M143.0M155.0M159.0M179.0M
Stock-based pay / revenue0.7%0.8%0.7%0.8%0.8%0.9%0.8%0.8%0.8%0.8%
Operating lease cost-----46.0M60.0M68.0M64.0M65.0M
Operating lease cash paid---48.6M47.1M45.4M58.0M65.0M64.0M65.0M
Finance lease principal paid----1.7M2.0M5.0M5.0M5.0M6.0M
Right-of-use assets---138.6M131.9M133.4M232.7M226.0M192.0M201.0M
Operating lease liabilities---139.8M134.1M136.4M238.0M234.0M201.0M213.0M
Finance lease liabilities-----10.3M105.1M103.0M108.0M92.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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