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Parker-Hannifin CorpPH

Sector
Other
Industry
Miscellaneous Fabricated Metal Products
Exchange
NYSE

Stock Price $PH

Latest filings

You are here#12 of 57 in Industrials by market cap

Filing record · 2016–202610-K1110-Q328-K110

PH filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 110 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jun ’17Jun ’17
  2. Deal closed8-K · Oct ’19Oct ’19
  3. Material agreement8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $19.85B
YoY changeLargest recent move+20.2%in FY23Latest −0.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All PH Financial Metrics60 metrics

Income Statement14

Balance Sheet26

Cash Flow15

Per Share5

02—Overview

Parker-Hannifin Corp Financial Overview 2021–2025

Updated Jul 10, 2026

Parker-Hannifin’s operating cash flow surged to a record $3.8 billiona by the close of FY2025, giving the industrial giant immense firepower to execute massive acquisitions without fracturing its balance sheet. By consolidating the global aerospace market while stripping out redundant costs, the company has transformed into a high-margin compounding machine. This strategic pivot is most visible on the bottom line, where earnings per share more than doubled from $13.35 in FY2021 to $27.12 in FY2025.

The successful $7.2 billionb integration of Meggitt fundamentally altered the company's trajectory, pushing total revenue to $19.9 billion in FY2024 and swelling the forward backlog to $11.0 billion by the end of FY2025. Disciplined pricing power and cost containment further amplified these top-line gains, driving a 36.8% gross profit margin during Q1 2025. Management simultaneously redirected this robust cash generation back to shareholders, executing $1.6 billion in stock buybacks during FY2025 alone and maintaining a 69-year streak of annual dividend increases to reach a $7.20 annual rate. The equity market heavily rewarded this operational execution; at the close of FY2025, Parker-Hannifin traded at $698.47 per share, commanding a 25.8x earnings multiple as investors priced in the company's expanding aerospace dominance.

Recent Developments (Q2 and Q3 2026)

Parker-Hannifin accelerated its portfolio expansion during Q2 2026 and Q3 2026 with the announced $9.25 billionc acquisition of Filtration Group and the completed $1.0 billion purchase of Curtis Instruments. Operational execution remained strong for the nine months ended March 31, 2026, as net sales reached $15.74 billion, up from $14.61 billion the prior year. Over the same period, operating income grew to $3.75 billion, while total backlog climbed to $12.5 billion. On the governance front, board director Kevin A. Lobo announced he will step down at the 2026 annual meeting to join GE HealthCare.

Bulls see this robust backlog and strategic M&A pipeline driving sustained top-line acceleration across key industrial segments. Conversely, bears note the equity appears richly valued at 32.5x earnings as of May 1, 2026, raising concerns over increased leverage and balance sheet risk tied to the pending Filtration Group purchase.

What to watch: integration milestones and debt financing for the Filtration Group acquisition; margin resilience amid ongoing material cost pressures.

03—Filings

Recent SEC Filings

  1. 8-KParker-Hannifin Corp 8-K Report, Corporate Update (Sep 14, 2026)Parker-Hannifin Corporation (PH) has successfully completed two registered offerings of senior notes, raising a total of $2.4 billion in U.S. dollars and €2.025 billion in Euros. These offerings consist of multiple tranches with varying maturity dates and interest rates, ranging from 2028 to 2033 for the U.S. Notes and 2030 to 2036 for the Euro Notes. The primary purpose of these significant debt financings is to repay existing borrowings under a 364-day term loan facility. This term loan was originally incurred to finance the acquisition of Filtration Group Corporation. This refinancing indicates a strategic move by Parker-Hannifin to manage its capital structure post-acquisition, likely aiming for more favorable long-term debt terms and a more stable funding profile.
  2. 8-KParker-Hannifin Corp 8-K Report, Corporate Update (Sep 10, 2026)Parker-Hannifin Corporation (PH) has announced the pricing of two significant debt offerings: a $2.4 billion U.S. Dollar-denominated senior notes offering and a €2.025 billion Euro-denominated senior notes offering. These offerings are aimed at refinancing existing debt, specifically the borrowings under the 364-Day Term Loan Agreement used for the acquisition of Filtration Group Corporation. The U.S. notes comprise multiple tranches with maturities ranging from 2028 to 2033 and interest rates between 4.750% and 5.300%. The Euro notes, with maturities from 2030 to 2036, carry interest rates from 3.800% to 4.375%. The successful completion of these offerings, expected around September 14, 2026, indicates Parker-Hannifin's ability to access capital markets effectively to support its strategic growth initiatives and manage its debt structure post-acquisition. Investors should note that the proceeds are earmarked for debt repayment, which should be viewed as a positive step in strengthening the company's balance sheet after the Filtration Group acquisition.
  3. 8-KParker-Hannifin Corp 8-K Report, Corporate Update (Sep 8, 2026)Parker-Hannifin Corporation (PH) has announced significant updates regarding its credit facilities and its pending acquisition of CIRCOR International, Inc.'s Commercial and Defense Aerospace business. The company has entered into a new, larger revolving credit agreement, increasing its total revolving line of credit to $5.0 billion, and has correspondingly raised its commercial paper program size to $5.0 billion. This enhanced liquidity provides robust financial flexibility to support ongoing operations and strategic initiatives. Furthermore, PH has entered into a definitive agreement for the CIRCOR Acquisition, valued at approximately $2.55 billion, expected to be funded by new debt, including commercial paper, and cash on hand. To support this acquisition, the company has also arranged a Three-Year Term Loan Agreement for up to $2.0 billion, which includes a delayed draw feature. While these developments signal strategic growth, investors should note that both the acquisition and the term loan agreement are subject to customary closing conditions and other uncertainties.
  4. 8-KParker-Hannifin Corp 8-K Report, Acquisition Completed (Aug 13, 2026)Parker-Hannifin Corporation (PH) has officially completed its acquisition of Filtration Group Corporation, a significant move for the company. The merger, finalized on August 13, 2026, was executed through Parker's wholly-owned subsidiary, Prosper Merger Sub Corp. This strategic acquisition was priced at $9.25 billion on a cash-free, debt-free basis, subject to a net working capital adjustment, signaling a substantial investment in expanding Parker's market presence and capabilities. The completion of this merger is a key event for investors, indicating future growth opportunities and potential integration challenges. Investors should closely monitor the integration process and the impact of Filtration Group on Parker's financial performance moving forward. To finance this substantial acquisition, Parker-Hannifin successfully drew down $5.25 billion from its 364-Day Credit Facility and $2.50 billion from its Three-Year Credit Facility on the closing date. These borrowings were used to fund a portion of the $9.25 billion purchase price, along with associated fees and expenses. This move demonstrates Parker's ability to secure significant financing to execute its strategic objectives, but also highlights the increased leverage on the company's balance sheet. Investors will be keen to understand the company's debt repayment strategy and the anticipated impact on its credit profile and profitability.
  5. 8-KParker-Hannifin Corp 8-K Report, Financial Results (Aug 6, 2026)Parker-Hannifin reported record fiscal 2026 fourth-quarter and full-year results. Q4 sales rose 9.8% to a record $5.76 billion, with organic growth of 8.0%. GAAP diluted EPS increased 19% to $8.54, and adjusted EPS increased 21% to a record $9.27. Adjusted segment operating margin was 28.0% for the quarter, up 110 bps. Full-year sales reached a record $21.5 billion (+8.3%, organic +6.6%), and adjusted EPS rose 18% to $32.31. Cash flow from operations was a record $4.4 billion, and the company returned nearly $2 billion to shareholders. Q4 results include an $84 million one-time reduction in cost of sales from IEEPA tariff refunds, which added roughly $0.65 to adjusted-excluded EPS. The adjusted figures exclude this benefit, so investors should look at adjusted results with that in mind. For fiscal 2027, management guided to reported and organic sales growth of 5.5% to 8.5%, GAAP EPS of $30.00 to $31.00, and adjusted EPS of $34.25 to $35.25 (about 6% to 9% growth over FY26 adjusted EPS). This guidance excludes the pending acquisitions of Filtration Group and CIRCOR's Commercial and Defense Aerospace business. Management raised its FY31 adjusted segment operating margin target by 300 bps to 30% and reiterated targets of 4% to 6% organic growth, a 17% free cash flow margin, and greater than 10% adjusted EPS growth. Demand indicators were strong, with Q4 orders up 19% and record backlog of $12.8 billion. The company is also changing its order-rate methodology to a 12-month rolling basis beginning in FY27, which will affect comparability with prior reported order figures. Overall, the filing shows strong execution, expanding margins, and rising backlog, supported by a broadening industrial recovery and an aerospace segment at record levels. Risks include the one-time nature of the tariff benefit, integration of pending and recent acquisitions, the reliance on non-GAAP measures, and exposure to macroeconomic, trade-policy, and geopolitical factors noted in the forward-looking statements.
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04—See also

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