Parker-Hannifin posted Q2 earnings with performance metrics compared against other gas and liquid handling stocks. Q2 earnings results deliver moderate updates on Parker-Hannifin financials and peer positioning.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 3 | 1 | 2 | 11 | — | — | — | — | — | 9 | 1 |
| total | individual payouts | |
|---|---|---|
| 2029 | ‡‡‡‡‡ |
|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 7.32 |
—
—
—
|
| 2025 | 7.03 |
—
—
—
—
|
| 2024 | 6.37 |
—
—
—
—
|
| 2023 | 5.77 |
—
—
—
—
|
| 2022 | 5.02 |
—
—
—
—
|
| 2021 | 3.97 |
—
—
—
—
|
| 2020 | 3.52 |
—
—
—
—
|
| 2019 | 3.40 |
—
—
—
—
|
| 2018 | 2.94 |
—
—
—
—
|
| 2017 | 2.64 |
—
—
—
—
|
| 2016 | 2.52 |
—
—
—
—
|
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Cash | 475.18 | 422.00 | 467.00 | 501.00 |
| Receivables | 2,827.30 | 2,866.00 | 2,910.00 | 3,170.00 |
| Inventory | 2,907.88 | 2,787.00 | 2,839.00 | 3,166.00 |
| Other | 183.00 | 140.00 | 153.00 | 200.00 |
| 6,834.23 | 6,799.00 | 6,950.00 | 7,695.00 |
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Payables | 2,050.93 | 1,992.00 | 2,126.00 | 2,439.00 |
| ST’ Debt | 3,814.00 | — | — | — |
| Other | 1,496.00 | — | 1,315.00 | 1,245.00 |
| 7,735.37 | 7,313.00 | 5,819.00 | 6,096.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 5,084.00 | 5,174.00 | 5,486.00 | 5,755.00 |
21,499.00
|
| ’25 | 4,904.00 | 4,743.00 | 4,960.00 | 5,243.00 |
19,850.00
|
| ’24 | 4,847.49 | 4,820.95 | 5,074.36 | 5,187.21 |
19,930.00
|
| ’23 | 4,232.78 | 4,674.81 | 5,061.67 | 5,095.75 |
19,065.00
|
| ’22 | 3,762.81 | 3,824.58 | 4,086.39 | 4,187.83 |
15,861.61
|
| ’21 | 3,230.54 | 3,411.91 | 3,746.33 | 3,958.87 |
14,347.64
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 782.00 | 862.00 | 984.00 | 1,736.00 |
4,364.00
|
| ’25 | 744.00 | 935.00 | 630.00 | 1,467.00 |
3,776.00
|
| ’24 | 649.96 | 702.03 | 795.09 | 1,236.92 |
3,384.00
|
| ’23 | 457.36 | 618.78 | 718.76 | 1,185.11 |
2,980.00
|
| ’22 | 424.36 | 581.11 | 542.97 | 893.29 |
2,441.73
|
| ’21 | 737.37 | 616.61 | 527.42 | 693.60 |
2,575.00
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 699.00 | 794.00 | 886.00 | 1,566.00 |
3,945.00
|
| ’25 | 662.00 | 814.00 | 561.00 | 1,336.00 |
3,373.00
|
| ’24 | 552.92 | 596.31 | 723.42 | 1,120.35 |
2,993.00
|
| ’23 | 384.91 | 517.15 | 632.05 | 1,077.89 |
2,612.00
|
| ’22 | 383.91 | 538.35 | 496.64 | 832.15 |
2,251.04
|
| ’21 | 701.85 | 683.66 | 492.57 | 627.55 |
2,505.63
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 6.29 | 6.60 | 7.06 | 8.54 |
28.48
|
| ’25 | 5.34 | 7.25 | 7.37 | 7.16 |
27.12
|
| ’24 | 4.99 | 5.23 | 5.56 | 6.01 |
21.84
|
| ’23 | 2.98 | 3.04 | 4.54 | 5.44 |
16.04
|
| ’22 | 3.45 | 2.97 | 2.67 | 0.99 |
10.09
|
| ’21 | 2.47 | 3.41 | 3.59 | 3.84 |
13.35
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 230.44 | 288.61 | 449.39 | 488.45 | 815.01 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 340.00 | 464.00 | 712.42 | 908.35 | 1,099.94 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 55,090 | 62,730 | 61,120 | 57,950 | 59,850 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.29 | 0.30 | 0.33 | 0.34 | 0.36 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15,861.61 | 19,065.00 | 19,930.00 | 19,850.00 | 21,499.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.49% | 33.72% | 35.77% | 36.85% | 37.69% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,614.23 | 2,680.00 | 3,595.00 | 4,107.00 | 4,563.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 10.18% | 14.06% | 18.04% | 20.69% | 21.22% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,316.19 | 2,084.00 | 2,845.00 | 3,532.00 | 3,649.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 571.76 | 818.00 | 927.00 | 907.00 | 937.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 123.40 | 148.48 | 155.10 | 154.72 | 170.22 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 10.24 | 16.23 | 22.13 | 27.52 | 28.89 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.00 | 23.21 | 26.33 | 29.43 | 34.55 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.48) | (2.87) | (3.04) | (3.14) | (3.32) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.51 | 20.34 | 23.29 | 26.29 | 31.24 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 68.93 | 80.52 | 94.02 | 106.71 | 122.03 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 128.54 | 128.40 | 128.50 | 128.30 | 126.30 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.05 | 24.03 | 22.64 | 25.37 | 33.85 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.99 | 2.63 | 3.23 | 4.51 | 5.75 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.57 | 4.84 | 5.33 | 6.55 | 8.02 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.68 | 3.26 | 3.75 | 5.05 | 6.20 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.92 | 23.82 | 24.96 | 29.72 | 33.81 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,441.73 | 2,980.00 | 3,384.00 | 3,776.00 | 4,364.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (190.69) | (368.00) | (391.00) | (403.00) | (419.00) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,251.04 | 2,612.00 | 2,993.00 | 3,373.00 | 3,945.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,187.32 | (901.14) | (514.00) | 1,131.00 | 1,599.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11,515.83 | 12,610.28 | 7,157.00 | 7,494.00 | 6,766.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,952.16 | 12,135.10 | 6,735.00 | 7,027.00 | 6,265.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8,859.92 | 10,338.28 | 12,081.00 | 13,691.00 | 15,413.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.68% | 7.45% | 9.60% | 12.01% | 12.09% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.86% | 8.55% | 12.67% | 12.25% | 13.36% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.23% | 21.70% | 25.37% | 27.40% | 25.07% | — | — | — |
ROE
|
Parker-Hannifin Corporation (PH) exemplifies resilient growth in motion and control technologies, masterfully riding industrial cycles, aerospace recoveries, and trends in electrification and automation. Strategic moves like the $8.3 billion Meggitt acquisition in 2022 have diversified its high-margin aerospace exposure, driving revenue from $11.4 billion in 2016 to $19.9 billion in 2024—a 7.3% CAGR outpacing peers. Operational efficiency shines with revenue per employee up 40% to $326,000, gross margins expanding from 22.3% to 35.8%, and EBT margins nearly doubling to 18%, fueled by pricing power, premium products, and aftermarket strength amid Boeing and Airbus ramps.
PH’s profitability powerhouse delivers ROE projected at 27.4% for 2025, free cash flow per share tripling to $26.29, and aggressive debt reduction to a manageable 2x EBITDA. Stock performance mirrors these fundamentals, with shares quadrupling post-pandemic lows and trading at a fair 22-25x forward PE, backed by analyst targets implying 5-14% upside. Insider sells appear as routine profit-taking after a 40%+ YTD surge, not red flags.
Looking ahead, PH is poised for acceleration with revenue forecasted to $24.1 billion by 2028 and EPS climbing 26% to $33.90, propelled by aerospace aftermarkets, EV filtration, and factory automation. In a fragmented market ripe for M&A, PH’s compounding book value and innovation edge signal multi-year upside—read the full analysis for the data-driven case in this industrial juggernaut.
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