Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment.
It is a $121B industrial company. Revenue grew 8.3% over the last year, it keeps 17¢ of every dollar of sales as profit, and its net debt equals ~2.1 years of free cash flow. It trades at 33.3× earnings — in the most expensive third of its own history.
- Website
- parker.com
- Location
- Cleveland, OH
- Employees
- 59 850
- Sector
- Industrials
- Founded
- 1917
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability and quality; Valuation and Health lag behind.
Valuation29
- P/E vs own history87th pct · 0/25
- FCF yield3.2% · 12/25
- P/S5.6x · 12/25
- EV/EBITDA25.8x · 5/25
Growth77
- Revenue CAGR7.9% · 12/25
- Net income CAGR29.0% · 25/25
- EPS CAGR ~5Y16.4% · 20/25
- Fwd implied growth24.1% · 20/25
Profitability85
- ROIC15.4% · 20/25
- ROE25.1% · 25/25
- Net margin17.0% · 20/25
- Operating margin21.6% · 20/25
Health49
- Altman Zn/a · 0/25
- Current ratio1.26 · 12/25
- Interest coverage12.4x · 25/25
- Net cash / debtD/A 27% · 12/25
Quality100
- Piotroski F8/9 · 25/25
- Beneish M-7.48 · 25/25
- FCF conversion106% · 25/25
- Margin stabilityσ 3.8% · 25/25
Moat62
- ROIC >12% years7/11 yrs · 13/25
- Median gross margin27.2% · 6/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst 7.1% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$3.65B net income
- 2022AcquisitionAfter making commitments to the UK government including increasing research and development spending…
- 2019AcquisitionParker bought Lord Corporation for $3.7 billion and Kent, WA based Exotic Metals Forming Company for $1.7…
- 2016AcquisitionThe company completed its largest acquisition to date, buying Clarcor, a filtration systems manufacturer,…
- FY2016FinancialProfitable every year on record11 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$11.4B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
- 2000AcquisitionParker Hannifin acquired Commercial-Intertech Corporation, a maker of hydraulic systems, in 2000
- 1993MilestoneThe firm opened its first retail "ParkerStore" in Cleveland in 1993
- 1964ProductThe company debuted on the New York Stock Exchange in 1964, under the ticker symbol PH
- 1957AcquisitionThe company purchased Hannifin, founded by Arthur Hannifin in 1917, a producer of valve and cylinder products
- 1945MilestoneAnd the end of the war, the company neared bankruptcy due to the sudden drop in…
- 1917FoundedThe company was founded in 1917 and has been publicly traded on the New York Stock Exchange since 1964
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strong cash conversion — FCF is 18.2% of revenue
- Interest covered 12.4× by operating earnings
- High returns on invested capital (ROIC 15.4%)
- Piotroski F-Score 8/9 — fundamentally strong checklist
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+8.3% YoY
- Profitable — makes more than it spends$3.65B TTM
- Profit growing — earnings are higher than last year+21.1% YoY
- Generates cash — cash left after running and investing$3.90B TTM
- Debt under control — could handle its obligations~2.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$121B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.1% shares over ~5y
- Proven track record — years of profitability behind it11/11 profitable years
- Financially stable — balance sheet not near distresshealth score 37/100
- Pays a dividend — returns cash to shareholdersyield 0.77%
- Valuation not extreme — price not wildly above earningsP/E 33.3
Peer comparisonParker-Hannifin Corporation vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PH this company | $121.4B | 33.3 | +8.3% | 17.0% | Mixed |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: PH vs LRCX · PH vs CAT · PH vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PH
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of PH on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $962.56 · market cap $121B.