# Parker-Hannifin Corporation (PH) — Stock CV

Parker-Hannifin Corporation 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.

> 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.

## Identity

- **Ticker**: PH
- **Sector**: Industrials
- **Industry**: Miscellaneous Fabricated Metal Products
- **Headquarters**: CLEVELAND, OH
- **Employees**: 59 850
- **Website**: https://www.parker.com
- **Market cap**: $121B
- **Last price**: $962.56
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $21.5B
- **Net income**: $3.65B
- **Free cash flow**: $3.90B
- **Net debt**: $8.23B
- **P/E**: 33.3
- **Revenue growth (YoY)**: 8.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 29 |
| Growth | 77 |
| Profitability | 85 |
| Health | 49 |
| Quality | 100 |
| Moat | 62 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +8.3% YoY
- [x] Profitable — $3.65B TTM
- [x] Profit growing — +21.1% YoY
- [x] Generates cash — $3.90B TTM
- [x] Debt under control — ~2.1y of cash flow to repay
- [x] Established company — $121B market cap
- [x] Not printing shares — -2.1% shares over ~5y
- [x] Proven track record — 11/11 profitable years
- [ ] Financially stable — health score 37/100
- [x] Pays a dividend — yield 0.77%
- [x] Valuation not extreme — P/E 33.3

## Experience (career milestones)

- **FY2026** — Best year on record: $3.65B net income
- **2022** — After making commitments to the UK government including increasing research and development spending…
- **2019** — Parker bought Lord Corporation for $3.7 billion and Kent, WA based Exotic Metals Forming Company for $1.7…
- **2016** — The company completed its largest acquisition to date, buying Clarcor, a filtration systems manufacturer,…
- **FY2016** — Profitable every year on record: 11 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $11.4B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **2000** — Parker Hannifin acquired Commercial-Intertech Corporation, a maker of hydraulic systems, in 2000
- **1993** — The firm opened its first retail "ParkerStore" in Cleveland in 1993
- **1964** — The company debuted on the New York Stock Exchange in 1964, under the ticker symbol PH
- **1957** — The company purchased Hannifin, founded by Arthur Hannifin in 1917, a producer of valve and cylinder products
- **1945** — And the end of the war, the company neared bankruptcy due to the sudden drop in…
- **1917** — The company was founded in 1917 and has been publicly traded on the New York Stock Exchange since 1964

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $15.9B | $1.32B | $2.21B |
| FY2023 | $19.1B | $2.08B | $2.60B |
| FY2024 | $19.9B | $2.84B | $2.98B |
| FY2025 | $19.9B | $3.53B | $3.34B |
| FY2026 | $21.5B | $3.65B | $3.90B |

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Source: https://stockcv.com/PH — derived from company filings; may be delayed or incomplete. Information, not investment advice.