Loading…
Makes motion and control technologies, including hydraulics, pneumatics and filtration systems, for industrial and aerospace customers.
Makes motion and control technologies, including hydraulics, pneumatics and filtration systems, for industrial and aerospace customers.
Sells motion-control parts and systems directly to equipment makers and through a large distributor network that serves maintenance and replacement demand. Aerospace is the other main business, supplied under long-term programmes, and the 2022 Meggitt purchase added to it.
Moat: narrow (scale, distribution, installed base). Broad distribution network and engineering breadth across motion-control niches versus smaller specialists.
Headquarters: Cleveland, Ohio, US · Founded: 1917 · Employees: 59,850
Size Parker Hannifin (PH) is a United States Industrials company (Industrial Machinery) with a market value of $116B, the 112th largest of 3,117 United States companies the cockpit tracks. Shares closed at $917.79 on 6 Nov 2026.
Performance Over six months the shares gained 4.4%, against -2.8% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 17 in its peer set.
Growth Revenue grew 8.3% over the last twelve months (peer median +10.3%); the operating margin is 21.9% (peer median 15.9%).
Valuation It trades at 24.4× forward earnings against a peer median of 22.6× (6th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.5 points above its cost of capital (10.2% WACC).
Backlog Backlog (remaining performance obligations) was $13.7B at 30 Sep 2026, up 21% on a year earlier — 0.6 years of trailing revenue. Backlog detail →
Credit Parker Hannifin has 17 bonds outstanding ($12.1B), rated BBB+ by the agencies and trading like A at a weighted spread of 71 bp.
Short interest Short interest is 1.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $21.5B | $21.5B | $19.9B | $19.9B | $19.1B |
| Revenue growth | — | +8% | 0% | +5% | — |
| Gross profit | $8.14B | $8.14B | $7.35B | $7.16B | $6.46B |
| EBITDA | $5.66B | $5.64B | $5.04B | $4.83B | $4.04B |
| Net income | $3.65B | $3.65B | $3.53B | $2.84B | $2.08B |
| Free cash flow | $3.90B | $3.90B | $3.34B | $2.98B | $2.60B |
| Capital expenditure | $459M | $459M | $435M | $400M | $381M |
| Total debt | $8.73B | $8.73B | $9.49B | $10.8B | $12.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Danaher DHR | $162B | +35% | +6% | 21% | 25.3× | 20.5% |
| Ingersoll Rand IR | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -6.7% | 8th highest of 18 |
| 6-month return | +4.4% | -2.8% | 4th highest of 17 |
| Distance from 52-week high | -16.6% | -20.6% | 7th highest of 18 |
| Revenue growth (TTM) | +8.3% | +10.3% | 8th lowest of 18 |
| Operating margin | 21.9% | 15.9% | 4th highest of 18 |
| Forward P/E | 24.4× | 22.6× | 6th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 19.0% | 17.5% | 5th most demanding of 17 |
| Growth delivered (Del g) | +8.4% | +10.1% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | +10.6 pp | +4.5 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +5.5 pp | +5.1 pp | 9th highest of 18 |
| EV / EBITDA | 21.9× | 17.5× | most expensive of 13 |
| Net debt / EBITDA | 1.5× | 0.4× | 6th most indebted of 14 |
| Bond spread | 71 bp | 67 bp | 4th widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Parker Hannifin PH | United States | $116B | +4% | +8% | 22% | 24.4× | 19.0% | +8.4% |
| Hitachi 6501.T | Japan | $130B | -7% | +14% | 12% | 20.9× | 9.5% | +3.9% |
| Trane Technologies TT | United States | $87.9B | -14% | +10% | 18% | 23.4× | 14.7% | +11.4% |
| Atlas Copco ATCO-A.ST | Sweden | $87.5B | +4% | +3% | 20% | 29.7× | 17.7% | +11.0% |
| Johnson Controls JCI | United States | $81.8B | -3% | +9% | 16% | 21.3× | 17.8% | +1.6% |
| Honeywell Technologies HON | United States | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% | +2.8% |
| NAURA Technology 002371.SZ | China | $60.6B | +4% | +18% | 11% | 56.5× | 33.4% | +45.5% |
| Siemens SIE.DE | Germany | $225B | -4% | +4% | 13% | 23.4× | 18.3% | +7.4% |
| Carrier Global CARR | United States | $42.9B | -22% | +3% | 9% | 17.2× | 19.0% | +4.5% |
| Daikin Industries 6367.T | Japan | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% | +15.0% |
| Yushu Technology 688836.SS | China | $39.8B | n/a | +333% | 19% | n/a | n/a | n/a |
| Schindler SCHN.SW | Switzerland | $39.4B | +17% | -3% | 13% | 28.2× | 2.3% | +0.6% |
| Advanced Micro-Fabrication Equipment Inc. China 688012.SS | China | $36.5B | +1% | +26% | 12% | 51.5× | 51.7% | +40.3% |
| Eoptolink Technology 300502.SZ | China | $36.0B | -54% | +101% | 44% | 12.3× | 21.7% | +65.5% |
| ASM International ASM.AS | Netherlands | $35.5B | -28% | +13% | 31% | 27.0× | 30.0% | +19.0% |
| Ingersoll Rand IR | United States | $31.9B | +10% | +8% | 19% | 21.8× | 17.3% | +14.0% |
| Gree Electric Appliances, Inc. of Zhuhai 000651.SZ | China | $31.2B | -3% | -11% | 16% | 8.6× | -16.4% | 0.0% |
| Fanuc 6954.T | Japan | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% | +9.2% |
Parker Hannifin has 17 bonds outstanding with $12.1B face value. The agencies rate it BBB+; its bonds trade like A. Weighted yield 4.97%, a spread of 71 bp over government bonds.
Parker Hannifin reported $13.7B of remaining performance obligations at 30 Sep 2026, up 21% from a year earlier and up 7% from the previous quarter. That is 0.6 years of trailing revenue already under contract. Book-to-bill last quarter: 1.15.