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Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America. The company operates through two segments: Diversified Industrial and Aerospace Systems. It offers various motion-control systems and components, such as active and passive vibration control, high purity sealing, coatings, high temperature sealing, cryogenic valves and fittings, HVAC/R controls and monitoring, elastomeric, fabric reinforced, metal, precision cut seals, hydrogen and natural gas filters, electric and hydraulic pumps and motors, industrial air, gas filtration, electric and hydraulic valves, miniature pumps and valves, electromagnetic interface shielding, pneumatic actuators, regulators and valves, electromechanical and hydraulic actuators, power take offs, electronics, drives and controllers, process filtration solutions, engine filtration solutions, rubber to substrate adhesives, fluid condition monitoring, sensors and diagnostics, fluid conveyance hose and tubing, structural adhesives, high pressure connectors, fittings, valves and regulators, thermal management, high purity fittings. The company also provides products for use in commercial and defense airframe and engine programs, such as avionics, electric and hydraulic braking systems, electric power, electromechanical actuators, engine exhaust systems and components, fire detection and suppression, flight control systems, fluid conveyance, fuel systems and components, fuel tank inserting systems, hydraulic pumps and motors, hydraulic valves and actuators, pneumatics, seals, sensors, and thermal management products. The company sells its products to original equipment manufacturers, distributors, direct-sales employees. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $19.9B | $5.4B | $3.5B | $3.3B | 25.8% | -0.4% | 24.2% |
| 2024 | $19.9B | $5.0B | $2.8B | $3.0B | 23.6% | 4.5% | 36.5% |
| 2023 | $19.1B | $4.1B | $2.1B | $2.6B | 20.2% | 20.2% | 58.3% |
| 2022 | $15.9B | $2.4B | $1.3B | $2.2B | 14.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 15,861.61 | 19,065 | 19,930 | 19,850 |
| Operating Revenue | - | 15,861.61 | 19,065 | 19,930 | 19,850 |
| Cost Of Revenue | - | 10,550.31 | 12,636 | 12,802 | 12,535 |
| Gross Profit | - | 5,311.30 | 6,429 | 7,128 | 7,315 |
| Operating Expense | - | 2,504.06 | 3,354 | 3,315 | 3,255 |
| Selling General And Administration | - | 2,504.06 | 3,354 | 3,315 | 3,255 |
| Total Expenses | - | 13,054.37 | 15,990 | 16,117 | 15,790 |
| Operating Income | - | 2,807.24 | 3,075 | 3,813 | 4,060 |
| EBITDA | - | 2,441.24 | 4,072 | 5,028 | 5,423 |
| Normalized EBITDA | - | 2,434.12 | 4,145 | 4,978 | 5,204 |
| EBIT | - | 1,869.48 | 3,254 | 4,101 | 4,516 |
| Interest Income | - | 10 | 46 | 15 | 11 |
| Interest Expense | - | 255.25 | 574 | 506 | 409 |
| Net Interest Income | - | -255.25 | -528 | -491 | -398 |
| Other Non Operating Income Expenses | - | -944.88 | 82 | 71 | 48 |
| Other Income Expense | - | -937.76 | 133 | 273 | 445 |
| Interest Income Non Operating | - | 10 | 46 | 15 | 11 |
| Interest Expense Non Operating | - | 255.25 | 574 | 506 | 409 |
| Net Non Operating Interest Income Expense | - | -255.25 | -528 | -491 | -398 |
| Pretax Income | - | 1,614.23 | 2,680 | 3,595 | 4,107 |
| Tax Provision | - | 298.04 | 596 | 750 | 575 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.32 | -16.21 | 10.45 | 30.66 |
| Net Income Continuous Operations | - | 1,316.19 | 2,084 | 2,845 | 3,532 |
| Net Income From Continuing And Discontinued Operation | - | 1,315.60 | 2,083 | 2,844 | 3,531 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,315.60 | 2,083 | 2,844 | 3,531 |
| Net Income | - | 1,315.60 | 2,083 | 2,844 | 3,531 |
| Net Income Common Stockholders | - | 1,315.60 | 2,083 | 2,844 | 3,531 |
| Net Income Including Noncontrolling Interests | - | 1,316.19 | 2,084 | 2,845 | 3,532 |
| Normalized Income | - | 1,309.80 | 2,139.79 | 2,804.45 | 3,342.66 |
| Diluted NI Availto Com Stockholders | - | 1,315.60 | 2,083 | 2,844 | 3,531 |
| Basic Average Shares | - | 128.54 | 128.37 | 128.51 | 128.30 |
| Diluted Average Shares | - | 130.36 | 129.82 | 130.24 | 130.20 |
| Reconciled Depreciation | - | 571.76 | 818 | 927 | 907 |
| Reconciled Cost Of Revenue | - | 10,550.31 | 12,636 | 12,802 | 12,535 |
| Total Unusual Items | - | 7.12 | -73 | 50 | 219 |
| Total Unusual Items Excluding Goodwill | - | 7.12 | -73 | 50 | 219 |
| Minority Interests | - | -0.58 | -1 | -1 | -1 |
| Special Income Charges | - | 7.12 | 363 | 12 | 265 |
| Gain On Sale Of Business | - | - | 363 | 12 | 273 |
| Other Special Charges | - | 8 | - | - | 8 |
| Restructuring And Mergern Acquisition | 0 | 52 | 0 | - | - |
| Gain On Sale Of Security | - | -1,015 | -436 | 38 | -46 |
| General And Administrative Expense | - | 2,504.06 | 3,354 | 3,315 | 3,255 |
| Other Gand A | - | 2,504.06 | 3,354 | 3,315 | 3,255 |
| Salaries And Wages | 49 | 4 | -67 | -73 | - |
| Gain On Sale Of Ppe | 109.33 | 7.12 | 362.53 | 11.60 | - |
| Earnings From Equity Interest | - | 76 | 124 | 152 | 178 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Parker-Hannifin Corporationthis co. | PH | $110.0B | 31.15 | 8.04 | 25.8% | 21.91 |
| Vertiv Holdings Co | VRT | $124.4B | 93.35 | 31.57 | 33.8% | 58.93 |
| Lockheed Martin Corporation | LMT | $119.7B | 23.85 | 17.81 | 74.6% | 15.73 |
| Quanta Services, Inc. | PWR | $107.9B | 104.94 | 12.07 | 11.5% | 44.47 |
| Trane Technologies plc | TT | $102.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 35.13 |
| 11.95 |
| 34.0% |
| 24.61 |
| Howmet Aerospace Inc. | HWM | $99.8B | 66.15 | 18.64 | 28.2% | 44.96 |
| United Parcel Service, Inc. | UPS | $93.7B | 16.81 | 5.77 | 34.3% | 9.76 |
| Cummins Inc. | CMI | $93.6B | 32.91 | 7.58 | 23.0% | 18.31 |
| General Dynamics Corporation | GD | $92.4B | 21.94 | 3.60 | 16.4% | 15.52 |
| Peer Median | - | 34.02 | 12.01 | 31.0% | 21.46 | |