# Parker-Hannifin Corporation (PH)

> Source: Nexqual · https://nexqual.com/PH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Parker-Hannifin Corporation (PH), nexqual.com/PH" · informational, not investment advice.

**Price:** USD 893.21 (-6.78% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 958.22 · day 877.23–942.98 · 52w 737.7–1,099.94 · market cap $113B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $21.5B, net income $3.65B (17.0% margin), free cash flow $3.90B (SEC filings).
- Valuation: P/E 30.9x (avg 27.7x at the last 3 fiscal year-ends), EV/EBITDA 22.2x, net debt $7.68B.
- 2 of 80 tracked superinvestors hold PH (13F, Q2 2026): 0 new, 0 added, 0 reduced, 2 unchanged.
- Total return with dividends: 1Y +17.6% vs S&P 500 +14.9%; 5Y +217.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 8.17, revenue estimate $5.77B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $15.9B | $19.1B | $19.9B | $19.9B | $21.5B | $21.5B |
| Gross profit | $5.31B | $6.43B | $7.13B | $7.32B | $8.10B | — |
| Operating income | $2.98B | $3.40B | $4.07B | $4.35B | $5.07B | $5.07B |
| Net income | $1.32B | $2.08B | $2.84B | $3.53B | $3.65B | $3.65B |
| EPS (diluted) | $10.09 | $16.04 | $21.84 | $27.12 | $28.48 | — |
| Free cash flow | $2.21B | $2.60B | $2.98B | $3.34B | $3.90B | $3.90B |
| Gross margin | 33.5% | 33.7% | 35.8% | 36.9% | 37.7% | — |
| Operating margin | 18.8% | 17.9% | 20.4% | 21.9% | 23.6% | 23.6% |
| Net margin | 8.3% | 10.9% | 14.3% | 17.8% | 17.0% | 17.0% |
| Revenue growth | +10.6% | +20.2% | +4.5% | -0.4% | +8.3% | — |
| Cash + short-term investments | $564M | $484M | — | — | $501M | — |
| Total debt | $11.5B | $12.6B | $9.67B | $7.51B | $8.18B | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 30.9x · P/S 5.2x · EV/EBITDA 22.2x · EV/Sales 5.6x · P/FCF 28.8x · P/B 7.3x · FCF yield 3.47% · Earnings yield 3.24% · Dividend yield (paid, TTM) 0.83% · Buyback yield (TTM) 1.12% · Net debt $7.68B · EV $120B
P/E at fiscal year-ends: Jun 2026 34.3x, Jun 2025 25.7x, Jun 2024 23.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold PH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $2.4M | Unchanged |
| Bill Nygren | Oakmark Funds | <0.01% | $289K | Unchanged |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | TD Cowen | Target raised | Hold | $850 → $950 |
| 2026-10-12 | Citigroup | Target raised | Buy | $1232 → $1234 |
| 2026-10-09 | JP Morgan | Target lowered | Overweight | $1140 → $1131 |
| 2026-09-25 | Wells Fargo | Initiated | Equal-Weight | $1050 |
| 2026-08-14 | Bernstein | Target raised | Outperform | $1037 → $1218 |
| 2026-08-11 | Evercore ISI Group | Target raised | Outperform | $1064 → $1217 |
| 2026-08-07 | UBS | Target raised | Buy | $1092 → $1250 |
| 2026-08-07 | Citigroup | Target raised | Buy | $1141 → $1232 |
| 2026-08-07 | BNP Paribas | Target raised | Outperform | $1090 → $1220 |
| 2026-08-07 | Keybanc | Target raised | Overweight | $1100 → $1210 |
| 2026-08-07 | Truist Securities | Target raised | Buy | $1269 → $1358 |
| 2026-08-07 | Susquehanna | Target raised | Positive | $1100 → $1250 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +17.6% | +217.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +17.6% | +26.0% |
| Volatility (annualized) | 26.9% | 27.6% |
| Max drawdown | -19.3% (Feb 2026→Jun 2026) | -28.6% (Nov 2021→Jun 2022) |

## Peers (Specialty Industrial Machinery)
ETN (Eaton Corporation, PLC) USD 368.99 -6.33% · EMR (Emerson Electric Company) USD 160.29 -1.73% · ITW (Illinois Tool Works Inc.) USD 279.24 +0.88% · CMI (Cummins Inc.) USD 519.53 -4.18% · GEV (GE Vernova Inc.) USD 827.42 -10.64% · AME (AMETEK, Inc.) USD 238.82 -4.58%

## More
Full page: https://nexqual.com/PH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name PH in their own reports (relationship from PH's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | SPRUCE POWER HOLDING CORP (SPRU) | 10-K 2026-03-31 | "The case related to a contract for the purchase of motors designed, produced and manufactured by Parker-Hannifin for XL Hybrids, Inc. which was executed in July 2019." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Diversified Industrial | $3.85B | 67.0% | +8.1% | $1.00B | 26.0% |
| Aerospace Systems | $1.90B | 33.0% | +13.4% | $522.0M | 27.5% |
| Total revenue | $5.75B | 100% | — | $1.47B | 25.6% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Filtration & Engineered Materials | $1.59B | 27.7% | +5.1% |
| Flow & Process Control | $1.32B | 22.9% | +10.6% |
| Motion Systems | $944.0M | 16.4% | +9.8% |
| Commercial Aftermarket | $663.0M | 11.5% | +11.6% |
| Commercial Original Equipment Manufacturer | $629.0M | 10.9% | +16.3% |
| Defense Original Equipment Manufacturer | $348.0M | 6.0% | +14.1% |
| Defense Aftermarket | $260.0M | 4.5% | +10.2% |
| Total revenue | $5.75B | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| North America | $3.83B | 66.5% | +9.2% |
| EMEA | $1.11B | 19.3% | +5.4% |
| Asia Pacific | $757.0M | 13.2% | +21.1% |
| Latin America | $58.0M | 1.0% | +1.8% |
| Total revenue | $5.75B | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "The company has issued guidance for the fiscal year ending June 30, 2027 and noted that it excludes the pending acquisitions of Filtration Group Corporation and CIRCOR's Commercial and Defense Aerospace Business."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $8.17 | $8.08 | +1.1% | $5.77B | 16 |
| Next quarter (ends 2026-12-31) | $8.48 | $8.21 | +3.4% | $6.00B | 15 |
| Current fiscal year (ends 2027-06-30) | $35.57 | $34.11 | +4.3% | $24.67B | 17 |
| Next fiscal year (ends 2028-06-30) | $39.75 | $37.51 | +6.0% | $26.59B | 17 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±9.0%; last 8 reports averaged ±5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 40.2% | ±9.0% |
| 2026-12-18 | 56 | 34.5% | ±10.9% |
| 2027-02-19 | 119 | 32.8% | ±14.9% |
| 2027-05-21 | 210 | 31.7% | ±19.1% |