Parker-Hannifin
PH · NYSEMiscellaneous Fabricated Metal Products · Fiscal year ends Jun 30
Parker-Hannifin reported revenue of $21.5B in the fiscal year ended Jun 2026, up 8.3% from the year before. Operating income was $5.1B, an operating margin of 23.6%, and net income was $3.6B. Operating cash flow of $4.4B less capital expenditure of $459M left free cash flow of $3.9B. Net debt was $7.7B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $15.9B | $19.1B | $19.9B | $19.9B | $21.5B |
| Cost of revenue | $10.6B | $12.6B | $12.8B | $12.5B | $13.4B |
| Gross profit | $5.3B | $6.4B | $7.1B | $7.3B | $8.1B |
| Research & development | $191M | $258M | $253M | $240M | $267M |
| Selling, general & admin | $2.5B | $3.4B | $3.3B | $3.3B | $3.5B |
| Operating income | $3B | $3.4B | $4.1B | $4.3B | $5.1B |
| Interest expense | $255M | $574M | $506M | $409M | $401M |
| Pre-tax income | $1.6B | $2.7B | $3.6B | $4.1B | $4.6B |
| Income tax | $298M | $596M | $750M | $575M | $914M |
| Net income | $1.3B | $2.1B | $2.8B | $3.5B | $3.6B |
| Diluted EPS | 10.09 | 16.04 | 21.84 | 27.12 | 28.48 |
| Diluted shares | 130M | 130M | 130M | 130M | 128M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $536M | $475M | $422M | $467M | $501M |
| Receivables | – | – | $2.9B | $2.9B | $3.2B |
| Inventory | $2.2B | $2.9B | $2.8B | $2.8B | $3.2B |
| Current assets | $12B | $6.8B | $6.8B | $7B | $7.7B |
| Net PP&E | $2.1B | $2.9B | $2.9B | $2.9B | $3B |
| Goodwill | $7.7B | $10.6B | $10.5B | $10.7B | $11.1B |
| Total assets | $25.9B | $30B | $29.3B | $29.5B | $30.9B |
| Payables | $1.7B | $2.1B | $2B | $2.1B | $2.4B |
| Deferred revenue | $60M | $245M | $184M | $211M | $192M |
| Current liabilities | $5.9B | $7.7B | $7.3B | $5.8B | $6.1B |
| Short-term debt | $1.7B | $3.8B | $1.3B | $7M | $706M |
| Long-term debt | $9.8B | $8.8B | $8.4B | $7.5B | $7.5B |
| Total liabilities | $17.1B | $19.6B | $17.2B | $15.8B | $15.5B |
| Shareholders' equity | $8.8B | $10.3B | $12.1B | $13.7B | $15.4B |
| Backlog (remaining obligations) | $7.9B | $11B | $10.9B | $11B | $12.8B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $2.4B | $3B | $3.4B | $3.8B | $4.4B |
| Capital expenditure | $230M | $381M | $400M | $435M | $459M |
| Free cash flow | $2.2B | $2.6B | $3B | $3.3B | $3.9B |
| Depreciation & amortisation | $257M | $317M | $349M | $354M | $353M |
| Stock-based compensation | $137M | $143M | $155M | $159M | $179M |
| Acquisitions | $0 | $7.1B | $0 | $0 | $1B |
| Share buybacks | $460M | $297M | $332M | $1.8B | $1.3B |
| Dividends paid | $570M | $704M | $782M | $861M | $936M |
| Dividend per share | 4.42 | 5.47 | 6.07 | 6.69 | 7.40 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 20.2% | 4.5% | −0.4% | 8.3% |
| Operating income growth (YoY) | – | 14.4% | 19.5% | 6.8% | 16.6% |
| EPS growth (YoY) | – | 59.0% | 36.2% | 24.2% | 5.0% |
| Gross margin | 33.5% | 33.7% | 35.8% | 36.9% | 37.7% |
| Operating margin | 18.8% | 17.9% | 20.4% | 21.9% | 23.6% |
| Net margin | 8.3% | 10.9% | 14.3% | 17.8% | 17.0% |
| Return on equityBlank when equity is negative | 14.9% | 20.2% | 23.6% | 25.8% | 23.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.8% | 15.3% | 18.5% | 18.4% | 20.5% |
| Free cash flow margin | 13.9% | 13.6% | 15.0% | 16.8% | 18.2% |
| Cash conversion (CFO ÷ net income) | 1.86x | 1.43x | 1.19x | 1.07x | 1.20x |
| Receivable days | – | – | 52 | 54 | 54 |
| Inventory days | 77 | 84 | 79 | 83 | 86 |
| Payable days | 60 | 59 | 57 | 62 | 66 |
| Interest cover | 11.7x | 5.93x | 8.04x | 10.6x | 12.6x |
| Debt ÷ equity | 1.30x | 1.22x | 0.80x | 0.55x | 0.53x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $10.9B | $12.1B | $9.2B | $7B | $7.7B |
| Current ratio | 2.06x | 0.88x | 0.93x | 1.19x | 1.26x |
Recent filings
More in Miscellaneous Fabricated Metal Products
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.