Parker-Hannifin CorpPH

Parker-Hannifin Corp Financial Overview 2021–2025

Updated Jul 10, 2026

Parker-Hannifin’s operating cash flow surged to a record $3.8 billion 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 billion 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 billion 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.

Rev

$19.85B

-0.4% YoY

FY2025

NI

$3.53B

+24.2% YoY

FY2025

EPS

$27.52

+24.4% YoY

FY2025

OCF

$3.78B

+11.6% YoY

FY2025

Revenue Trend
Beta

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

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Data from SEC Company Facts

All PH Financial Metrics(60)

Recent SEC Filings

Parker-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.

Parker-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.

Parker-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.

Parker-Hannifin Corp 8-K Report, Financial Results (Aug 6, 2026)

Parker-Hannifin Corporation (PH) has filed an 8-K report on August 6, 2026, primarily announcing their financial results for the quarter ended June 30, 2026. While the 8-K itself is brief, it references a press release (Exhibit 99.1) containing the detailed financial performance for the fourth quarter and full fiscal year 2026. Investors should refer to this press release for specific figures related to revenue, earnings, segment performance, and any forward-looking guidance provided by the company. The filing indicates that the company is meeting its reporting obligations by furnishing the press release detailing its operational and financial condition. The key takeaway for investors is to access and thoroughly review the information contained within the referenced press release to understand the company's recent performance, profitability, and outlook, which are crucial for making informed investment decisions. The inclusion of the Interactive Data File suggests a commitment to transparency and accessibility of financial information.

Parker-Hannifin Corp 8-K Report, Financial Results (Apr 30, 2026)

Parker-Hannifin Corporation (PH) filed an 8-K on April 30, 2026, primarily to furnish a press release detailing its financial results for the third quarter of fiscal year 2026, which ended on March 31, 2026. This filing serves as the primary vehicle for investors to access the company's latest operational and financial performance data. While the 8-K itself does not contain the detailed financial tables, it directs investors to the accompanying press release (Exhibit 99.1) for comprehensive figures and management commentary. Investors should review the furnished press release for key metrics such as revenue, earnings per share (EPS), segment performance, and any forward-looking guidance provided by the company. This information is crucial for assessing the company's current financial health, operational efficiency, and future prospects in the industrial and motion-control sectors. The filing also includes the standard Interactive Data File for enhanced analysis.

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